Page 5 - Us China Trade War

Xi Jinping meets Antony Blinken, seeks US-China partnership over rivalry

Xi Jinping noted some progress since his meeting with US President Joe Biden, but stressed on continued efforts and addressing outstanding concerns

Blinken to meet Chinese counterpart in Beijing, discuss complex issues

Taiwan and the disputed South China Sea remain flashpoints, while the US is eager to see more progress on the curbing of China's supply of the chemicals to used to make fentanyl

Trump advisers discuss penalties for nations that move away from dollar

As president, Trump weighed forcibly weakening the dollar to support the domestic manufacturing sector

Blinken in Shanghai; begins contentious talks with Chinese officials

US Secretary of State Antony Blinken opened his first full day of meetings in China on Thursday by talking with local government officials in Shanghai. Blinken discussed local and regional issues with Chen Jining, the Chinese Communist Party Secretary of Shanghai. He also planned to speak to students and business leaders before heading to Beijing by train for what are expected to be contentious talks with national officials, including Foreign Minister Wang Yi. Blinken arrived in Shanghai on Wednesday shortly before President Joe Biden signed a $95 billion foreign aid package that has several elements likely to anger the Chinese, including $8 billion to counter China's growing aggressiveness toward Taiwan and in the South China Sea. It also seeks to force TikTok's China-based parent company to sell the social media platform. China has railed against U.S. assistance to Taiwan, the self-governing island that it regards as a renegade province, and immediately condemned the move as a ...

US banning TikTok? Everything you need to know about the controversy

No, TikTok will not suddenly disappear from your phone. Nor will you go to jail if you continue using it after it is banned. After years of attempts to ban the Chinese-owned app, including by former President Donald Trump, a measure to outlaw the popular video-sharing app has won congressional approval and is on its way to President Biden for his signature. The measure gives Beijing-based parent company ByteDance nine months to sell the company, with a possible additional three months if a sale is in progress. If it doesn't, TikTok will be banned. So what does this mean for you, a TikTok user, or perhaps the parent of a TikTok user? Here are some key questions and answers. WHEN DOES THE BAN GO INTO EFFECT? The original proposal gave ByteDance just six months to divest from its U.S. subsidiary, negotiations lengthened it to nine. Then, if the sale is already in progress, the company will get another three months to complete it. So it would be at least a year before a ban goes into

China angry over US aid to Taiwan, says island putting itself in 'danger'

China on Wednesday blasted the latest package of US military assistance to Taiwan on Wednesday, saying that such funding was pushing the self-governing island republic into a dangerous situation. The US Senate late Tuesday passed USD 95 billion in war aid to Ukraine, Israel and Taiwan after months of delays and contentious debate over how involved the United States should be in foreign wars. The package included USD 8 billion for Taiwan, meant to counter the threat of invasion by China, which claims the entire island as its own territory and has threatened to take it by force if necessary. The mainland's Taiwan Affairs Office said the aid seriously violates US commitments to China and sends a wrong signal to the Taiwan independence separatist forces. Office spokesperson Zhu Fenglian added that Taiwan's ruling pro-independence Democratic Progressive Party, which won a third four-year presidential term in January, is willing to become a pawn for external forces to use Taiwan to conta

Who would lead if US stepped off world stage, asks President Biden

If the United States stepped off the world stage, who would lead the world, US President Joe Biden asked his fellow countrymen as he slammed his November challenger for making such an argument. "Think of it this way -- if the United States stepped off the world stage, like Trump wants us to do, who would lead the world? Who would lead the world?" Biden asked the gathering at a campaign event in Tampa, Florida. Biden is facing his predecessor, Donald Trump, in the November presidential election, which is a rematch of the 2020 polls. "One of the things that is happening now is that ... every international meeting I attend with other heads of state -- whether it is the G7, the G20, all these international meetings -- before I leave, literally, almost every one will walk up to me and wait to get me in a corner alone and grab my arm and say, 'You have got to win'. Not because of me, but because of the alternative. And they say, 'Because my democracy depends upon it', meaning their ...

EU aims to increase agri-food exports to China despite trade tensions

Unlike sectors such as solar panels or new energy vehicles (NEVs) the European Union's agri-food sector runs an export surplus in its trade with China

US sanctions 3 China firms for providing ballistic missile tech to Pak

The US has imposed sanctions on three China-based companies and one from Belarus for supplying missile-applicable items for Pakistan's ballistic missile programme, including its long-range missile programme, the State Department has said. The name of the companies are Xi'an Longde Technology Development, Tianjin Creative Source International Trade and Granpect Co. Ltd from China and Minsk Wheel Tractor Plant from Belarus. These entities have engaged in activities or transactions that have materially contributed to, or pose a risk of materially contributing to, the proliferation of weapons of mass destruction or their means of delivery, including any efforts to manufacture, acquire, possess, develop, transport, transfer or use such items, by Pakistan, State Department spokesperson Matthew Miller said on Friday. Miller said the US is committed to strengthening the global nonproliferation regime by taking action to disrupt procurement networks supporting proliferation activities of ...

Apple removes WhatsApp, Threads from its China App Store on Beijing request

US politicians have cited national security concerns in their push to force the company to either sell TikTok to a non-Chinese owner or face a ban in the US market

US ban on TikTok over ownership issues gets major boost from Republicans

Legislation that could ban TikTok in the US if its China-based owner doesn't sell its stake won a major boost late Wednesday when House Republican leaders included it in a package of bills that would send aid to Ukraine and Israel. The bill could be law as soon as next week if Congress moves quickly. The TikTok legislation, which passed the House in March and has widespread support in both chambers, was included in the House foreign policy package after negotiations with the Senate over how long the Chinese technology firm ByteDance Ltd would have to sell its stake for the app to continue operating in the United States. President Joe Biden has said he would sign the TikTok legislation if it reaches his desk. The bill was included in the national security package after it won a key endorsement from Senate Commerce Committee Chairwoman Maria Cantwell, who said in a statement that she had successfully pushed to extend the period from six months to a year to give the company enough time

US navy sends aircraft through Taiwan Strait a day after US-China talks

The US 7th Fleet said a Navy P-8A Poseidon flew through the Taiwan Strait on Wednesday, a day after US and Chinese defence chiefs held their first talks since November 2022 in an effort to reduce regional tensions. The patrol and reconaissance plane transited the Taiwan Strait in international airspace, the 7th Fleet said in a news release. By operating within the Taiwan Strait in accordance with international law, the United States upholds the navigational rights and freedoms of all nations, the release said. Although the critical 160 kilometre-wide strait that divides China from the self-governing island democracy is international waters, China considers the passage of foreign military aircraft and ships through it a challenge to its sovereignty. China claims the island of Taiwan, threatening to defend by force if necessary despite US military support for the island. China had no immediate response to the report, but has in past issued stern protests and activated defences in ...

US house committee accuses China of fuelling fentanyl crisis in country

China is fuelling the fentanyl crisis in the US by directly subsidising the manufacturing of materials that are used by traffickers to make the drug outside the country, according to a report released Tuesday by a special House committee focused on countering the Chinese government. Committee investigators said they accessed a government website that revealed tax rebates for the production of specific fentanyl precursors as well as other synthetic drugs as long as those companies sell them outside of China. Through its actions, as our report has revealed, the Chinese Communist Party is telling us that it wants more fentanyl entering our country, said Rep Mike Gallagher, the Republican chairman of the special House committee. It wants the chaos and devastation that has resulted from the epidemic. In November, President Joe Biden and Chinese President Xi Jinping announced a resumption of bilateral cooperation on counternarcotics with a focus on reducing the flow of precursor chemicals

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

Janet Yellen likely to reiterate warnings over China's manufacturing power

With its dominant voice in all of those forums, the US is expected to try to align other countries across Europe, Asia and Latin America to voice concerns over China's output and exports

Prez Biden surpasses Trump's record for blacklisting chinese entities

In February, the US added eight companies to the entity list, quietly taking Biden past Trump's record, with six more added this week

US govt to consider concerns about China's Brite in trade sanction list

The concerns were raised in a letter calling on the agency to sanction the company after Reuters reported in December that it was part-owned by blacklisted Chinese chipmaker SMIC

US-China deepening cooperation on financial stability issues: US officials

The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks, the US officials said

Yellen meets China's central bank chief, presses case on excess capacity

Yellen will wrap up her trip to Guangzhou and Beijing with a news conference later on Monday

US, China to talk on economic growth including overcapacity issue: Yellen

The US and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a statement about the creation of the groups. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. In her statement, Yellen said she and her counterparts agreed that the U.S. and China will hold intensive exchanges on balanced growth in the domestic and global economies. These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing fiel