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China warned about potential 'middle-technology trap' amid tech war with US

A top state-run Chinese think-tank warned China of a potential "middle-technology trap" unless it opens doors "wide open" for new investments and scientific innovation to deal with increasing containment in the ongoing tech war with the US. "China's manufacturing sector is still in the downstream of the global value chain, and it faces a risk of being hamstrung at the low and mid-end by developed countries such as the United States, Germany and Japan, the Chinese Academy of Sciences said in its latest report released during the weekend. "The countries that develop later usually have difficulties in industrial upgrading and transitioning to high-income countries because they lack original technological advances after technology importation, imitation, absorption, and tracking, the report said. The report came amid stepped-up technology curbs by the US, while Chinese manufacturers are finding it increasingly difficult to move up value chains. The "middle-technology trap describes a .

Janet Yellen to visit China again in 2024, to focus on 'difficult' topics

Yellen emphasized the importance of using her exchanges with China to gather information about the world's second-largest economy

Joe Biden, Xi Jinping to meet at 30th APEC summit today: What to expect?

US President Joe Biden will meet Chinese President Xi Jinping on Wednesday in San Francisco on the sidelines of the 30th APEC summit

China ignores the guardrails as it pursues its own form of coercion

Despite rising tensions and the risk of miscalculation, Chairman Xi Jinping refuses to allow the People's Liberation Army (PLA) to have contact with its US counterpart

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