Page 12 - China Us Trade

China targets 50% growth in computing power in race against the US

The plan, released by six departments in Beijing including the Ministry of Industry and Information Technology (MIIT), has set a target for China's total computing power to reach 300 EFLOPS by 2025

China challenging US superpower status is 'not inevitable': Xi Jinping

Chinese President Xi Jinping on Monday told a delegation of influential American senators that the Thucydides Trap is not inevitable as he played down the concerns in Washington that China is out to challenge the superpower status of the US. Thucydides Trap is a term to describe an emerging power threatening to displace the existing great power. Competition and confrontation are not consistent with the trend of the times. Still less can it fix one's own problems and address the challenges facing the world, Xi told a US Senate delegation headed by Senate Majority Leader Chuck Schumer during a meeting. China maintains that the common interests of the two countries far outweigh their differences, and the respective success of China and the US is an opportunity, rather than a challenge, to each other, Xi told the six-member delegation of top American legislators. "The Thucydides Trap is not inevitable, and Planet Earth is vast enough to accommodate the respective development and common

US-India relation critical in dealing with China, Russia: US Congressman

The US' relationship with India is "critical" in dealing with its strategic adversaries - China and Russia, Indian-American Congressman Ro Khanna has said. Khanna spoke to radio talk show host Hugh Hewitt on Tuesday after his return from India, where he led a bipartisan Congressional delegation. "China and Russia are clearly two strategic challenges, adversaries. That's why the relationship with India is going to be so critical in dealing with it. I think China and Russia aren't always going to march lockstep and there are opportunities there, but by and large, we should be clear-eyed about what they're doing, he said. Khanna said it was unreasonable for the US to expect that India will block the Strait of Malacca during a conflict with China, but New Delhi can be aggressive on its borders in Ladakh and Arunachal Pradesh to open a two-front war if Beijing invades Taiwan. The Strait of Malacca is a waterway connecting the Andaman Sea (Indian Ocean) and the South China Sea (Pacific .

Russia, China look to gain upper hand at BRICS summit in South Africa

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week, when an expected joint dose of anti-West grumbling from them may take on a sharper edge with a formal move to bring Saudi Arabia closer. Leaders from the BRICS economic bloc of Brazil, Russia, India, China and South Africa will hold three days of meetings in Johannesburg's financial district of Sandton, with Chinese premier Xi Jinping's attendance underlining the diplomatic capital his country has invested in the bloc over the last decade-and-a-bit as an avenue for its ambitions. Russian President Vladimir Putin will appear on a video link after his travel to South Africa was complicated by an International Criminal Court arrest warrant against him over the war in Ukraine. Brazilian President Luiz Incio Lula da Silva, Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa will be at the summit alongside Xi. The main summit on

US summit with Japan, South Korea focused on 'Anti-China Policy': Report

The move comes after nearly a year of increased testing by North Korea of new types of ballistic, cruise, and hypersonic missiles, which it says are intended to counter the threat posed by US forces

US President Joe Biden expects to meet Xi 'this fall' amid tensions

Despite escalating tensions with Beijing, US President Joe Biden is still hopeful of meeting his Chinese counterpart Xi Jinping later this year, CNN reported on Friday (local time)

Xi's charm offensive turns to space as 'divine craft' launches: Report

The country plans to send Chinese astronauts to the moon by 2030, China Manned Space Agency official Lin Xiqiang said at a briefing on Monday

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Biden to miss Quad meet: A look at the group and its significance

Quad, formally known as the Quadrilateral Security Dialogue, is a group of four like-minded, democratic countries which include the United States of America, India, Australia, and Japan

Missed opportunity: India far behind in race for electronics exports to US

India's failure to grab the opportunity is reflected in the fact that its share of US electronics imports was an abysmal 0.8 per cent in 2022

Chinese hackers outnumber FBI cyber staff 50 to one: FBI director Wray

The disclosure came as the US and other countries are facing immense cyber threats, particularly from China

Biden's economic diplomacy push with China sends high risk, low reward

The author, citing officials, said that Biden seeks another meeting with Chinese President Xi Jinping to follow up on their confab last November in Bali, Indonesia

US companies based in China grow more pessimistic about bilateral ties

Ties between the two countries have worsened in recent months, with Chinese President in March criticizing the US for what he called a strategy of "containment and suppression"

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US to revoke China's preferential trade partner status to safeguard economy

"Communist China has enjoyed permanent MNF status for two decades, exacerbating the loss of American manufacturing jobs"

US President Biden faces 'unpredictable' era with China's empowered Xi

President Joe Biden's administration is taking stock of a newly empowered Xi Jinping as the Chinese president begins a third, norm-breaking five-year term as Communist Party leader. With US-Chinese relations already fraught, concerns are growing in Washington that more difficult days may be ahead. Xi has amassed a measure of power over China's ruling party unseen since Mao Zedong, the leader from 1949 until his death in 1976. Xi's consolidation of power comes as the United States has updated its defense and national security strategies to reflect that China is now America's most potent military and economic adversary. Biden takes pride in having built rapport with Xi since first meeting him more than a decade ago, when they served as their countries' vice presidents. But Biden now faces, in Xi, a counterpart buoyed by a greater measure of power and determined to cement China's superpower status even while navigating strong economic and diplomatic headwinds. We're not back in the M

China's airlines could join the multibillion-dollar exit from US markets

China Eastern Airlines and China Southern Airlines could "soon" announce similar intentions, according to Redmond Wong, a Greater China market strategist at Saxo Bank

Rs 15,477 cr spent on roads along China border in last 5 yrs: Govt

The government constructed 2,088 kms of roads in areas bordering China in the last five years with an expenditure of Rs 15,477 crore, the government said on Monday. In total, the government spent Rs 20,767 crore in constructing 3,595 kms of border roads during the period that included those in areas along the frontiers with Pakistan, Bangladesh and Myanmar, according to the details provided in Lok Sabha. Minister of State for Defence Ajay Bhatt said the government constructed 2,088.57 kms of road along the border with China by incurring an expenditure of Rs 15,477.06 crore. According to the details provided by him, Rs 4,242.38 crore was spent to construct 1,336.09 kms of road along the border with Pakistan, while an expenditure of Rs 882.52 crore was incurred to build 151.15 kms road along the frontier with Myanmar in the last five years. Bhatt said 19.25 kms of road was constructed along the border with Bangladesh at a cost of Rs 165.45 crore. There has been a renewed focus on ..

Oil prices rise despite US inventory hike as China eases Covid lockdowns

Oil prices have risen backing on Chinese expectations as it unlocks cities. Even though US inventory hikes, oil prices rose parallely, possibly due to a strike by Norwegian workers.

China relieved as Ukraine crisis dominates Biden's first Union address

Biden said the US and China were engaged in a race to "win the economic competition of the 21st century, and vowed that the US was embarking on an infrastructure decade