Page 10 - China Us Trade

Defying west, President Putin scheduled to meet Xi Jinping in Beijing

Blinken said Beijing's supply of dual-use goods was 'powering Russia's brutal war of aggression against Ukraine'

China protests against new US tariffs, promises to protect its interests

China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

Putin announces plan to visit China in May, his first trip after poll win

Russian President Vladimir Putin said on Thursday he plans to visit China in May, in what could become the first foreign trip for the Russian leader after he extended his rule by six more years in an election that offered voters little real choice. Putin announced the plans for the visit at a congress of the Russian Union of Industrialists and Entrepreneurs in Moscow. He didn't say when exactly it would take place and didn't offer any other details. Putin's inauguration is scheduled for May 7, Russian lawmakers said earlier this week. Last month, the 71-year-old Russian leader secured his fifth term in office in a vote with no real opposition, extending his 24-year rule. Russia's growing economic and diplomatic isolation because of its war against Ukraine has made it increasingly reliant on China, its former rival for leadership of the Communist bloc during the Cold War. According to a recent US assessment, China has surged sales to Russia of machine tools, microelectronics and oth

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 ...

President Biden's push for World Bank funds to compete with China stalls

The World Bank's two major lending arms committed a combined $72.8 billion last year, with total cumulative lending since 1945 at nearly $1.4 trillion

Amid China's aggression, Biden reiterates support for Philippines, Japan

President Joe Biden said Thursday that U.S. defense commitment was ironclad as he gathered Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House on Thursday in the midst of growing concern about provocative Chinese military action in the Indo-Pacific. The United States defense commitments to Japan and to the Philippines are ironclad. They're ironclad," Biden said as he began three-way talks at the White House with Kishida and Marcos. "As I said before, any attack on Philippine aircraft, vessels or armed forces in the South China Sea would invoke our mutual defense treaty. The White House summit was called amid growing concern about provocative Chinese action in the Pacific, which will be a large focus of the leaders' talks. The White House sees the summit as countering China's attempts at intimidation and sending a message that China is the outlier in the neighborhood, according to an administration official. President Joe Biden is ..

US denounced Hong Kong's national security law but its actions remain muted

The US has denounced Hong Kong's new national security law as a tool to potentially silence dissent both at home and abroad, but so far the action from Washington has been notably muted, disappointing those fighting for the Chinese territory's democracy and freedoms. Since the law's swift passage on March 19, the US has announced visa restrictions on an unspecified number of unnamed Hong Kong officials but taken no further action. That's a far cry from 2020, when Beijing imposed national security restrictions to end months of unrest on Hong Kong streets. The U.S. responded by hitting the city's highest-ranking officials with sanctions and depriving the territory of its preferential trading status. While the new law, known as Article 23, now expands the Hong Kong government's powers to go after those it accuses of spying and to target dissidents anywhere in the world, Washington has been treading carefully. The State Department declined to preview or comment on any potential actions

Chinese TikTok sellers complain of strict rules on selling in US mkt

TikTok, used by about 170 mn Americans, has been seeking to strike the right balance between pursuing rapid growth and managing regulatory risks

US CEOs extend China stay after last-minute invite to meet Prez Xi Jinping

Late on Friday, China relaxed its rules governing cross-border data flows. The move was seen as a response to complaints by foreign businesses that the restrictions were disruptive

US, UK accuse China of broad cyberattacks, British voter data theft

The hackers, part of a state-sponsored group known as APT31, have been charged with conspiracy to commit computer intrusions and conspiracy to commit wire fraud

US House to vote on bill that decides ByteDance-owned TikTok's fate in US

Tiktok CEO Shou Zi Chew will visit Capitol Hill on Wednesday on a previously scheduled trip to talk to senators, a source briefed on the matter said

Hong Kong court affirms sedition conviction for pro-democracy activist

Criticizing laws or chanting anti-government slogans can be enough to jail someone for sedition in Hong Kong, an appeal court ruled Thursday in a landmark case brought under a colonial-era law increasingly used to crush dissent. Hong Kong's Court of Appeal upheld a 40-month sentence for pro-democracy activist Tam Tak-chi, the first person tried under the city's sedition law since Hong Kong returned to Chinese rule in 1997. Tam's lawyers had argued that his conviction should be overturned because the prosecution did not show he meant to incite violence. The prosecution is widely seen as part of Beijing's clampdown on dissent in the former British colony, following widespread anti-government protests in 2019. Tam was convicted on 11 charges in 2022, including seven counts of uttering seditious words." A judge at the lower court took issue with him chanting the popular protest slogan Liberate Hong Kong, revolution of our times words the government says imply separatism and criticisin

First time in 2 decades, Mexico overtakes China as leading exporter to US

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported to the United States. The shift reflects the growing tensions between Washington and Beijing as well as US efforts to import from countries that are friendlier and closer to home. Figures released Wednesday by the U.S. Commerce Department show that the value of goods imported to the United States from Mexico rose nearly 5% from 2022 to 2023, to more than $475 billion. At the same time, the value of Chinese imports imports tumbled 20% to $427 billion. The last time that Mexican goods imported to the United States exceeded the value of China's imports was in 2002. Economic relations between the United States and China have severely deteriorated in recent years as Beijing has fought aggressively on trade and made ominous military gestures in the Far East. The Trump administration began imposing tariffs on Chinese imports in 2018, arguing that Beijing's trade practices

Beijing steps up military pressure on Taiwan after US, China announce talks

China sent more than 30 warplanes and a group of navy ships toward Taiwan, the island's defense ministry said Saturday. The military pressure comes on the heels of an announcement that senior American and Chinese representatives were expected to meet in the Thai capital as the two countries seek to cool tensions. The Chinese People's Liberation Army sent 33 aircraft, including SU-30 fighters, and six navy vessels around Taiwan, between 6 am Friday to 6 am Saturday. Of these, 13 warplanes crossed the midline of the Taiwan Strait an unofficial boundary that's considered a buffer between the island and mainland. Taiwan has monitored the situation and employed its own forces in response to the activities. China claims self-ruled Taiwan as its own territory and in recent years has shown is displeasure at political activities in Taiwan by sending military planes and ships. Taiwan said six Chinese balloons either flew over the island or through airspace just north of it days after the ...

US-China tech rivalry keeps South Korean chipmakers in costly limbo

While China is still by far South Korea's biggest trading partner, monthly exports to the US surpassed those to China for the first time in more than two decades

North Korea says it tested solid-fuel missile tipped with hypersonic weapon

North Korea on Monday said it flight-tested a new solid-fuel intermediate-range missile tipped with a hypersonic warhead as it pursues more powerful, harder-to-detect weapons designed to strike remote US targets in the region. The report by North Korea's state media came a day after the South Korean and Japanese militaries detected the launch from a site near the North Korean capital of Pyongyang, in what was the North's first ballistic test of 2024. The launch came two months after North Korea said it successfully tested engines for a new solid-fuel intermediate-range missile, which reflected a push to advance its lineup of weapons targeting U.S. military bases in Guam and Japan. The North's official Korean Central News Agency said Sunday's launch was aimed at verifying the reliability of the missile's solid-fuel engines and the maneuverable flight capabilities of the hypersonic warhead. It described the test as a success but didn't provide flight details. KCNA did not mention ..

Polling begins in Taiwan, over 19 mn voters to elect President, VP

The world is keenly watching Taiwan as its citizens prepare to vote for a new President and Parliament amidst escalating tensions with China

China media warns against taking China's Indian Ocean research as threats

Detailed knowledge of ocean depths, currents and temperature was vital to China's growing submarine operations

Taiwan expects China to apply pressure on incoming govt after election

Taiwan goes to the polls to elect a new president and parliament under the shadow of an increasingly assertive China which has called the vote a choice between "peace and war"