Page 31 - Us China Trade War

US approves new $500 mn arms sale to Taiwan as tension from China surges

The Biden administration has approved a $500 million arms sale to Taiwan as it ramps up military assistance to the island despite fervent objections from China. The State Department said Wednesday it had signed off on the sale of infrared search tracking systems along with related equipment for advanced F-16 fighter jets. The sale includes the infrared systems as well as test support and equipment, computer software and spare parts, it said. Although the deal is modest in comparison to previous weapons sales, the move is likely to draw fierce criticism from Beijing, which regards self-governing Taiwan as a renegade province and refuses to rule out the use of force to reunify it with the mainland. This proposed sale serves U.S. national, economic, and security interests by supporting the recipient's continuing efforts to modernize its armed forces and to maintain a credible defensive capability, the State Department said in a statement. "The proposed sale will improve the recipient'

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, Japan, S Korea denounce 'dangerous and aggressive actions' by China

The three nations expressed commitment to expanding cooperation trilaterally and raising shared ambition to a new horizon across domains and across the Indo-Pacific and beyond

China's investment firm misses payments amid concerns of financial crisis

The scale of payments missed exceeded 110 million yuan ($15 million), according to their statements

China's economic slowdown a 'risk factor' for US Economy: Janet Yellen

"That said, I feel very good about US prospects overall. Let's call that a risk," she said, referring to China

US may respond to consequences for China due to tech export curbs: Yellen

Treasury Secretary Janet Yellen on Sunday said she agreed Washington will listen to Chinese complaints about security-related curbs on US technology exports and might respond to unintended consequences as she ended a visit to Beijing aimed at reviving strained relations. Yellen defended targeted measures" on trade that China's leaders complain are aimed at hurting its fledgling tech industries. She said the Biden administration wants to avoid unnecessary repercussions" but gave no indication of possible changes. Relations between the two biggest economies are at their lowest level in decades due to disputes about technology, security and other irritants. A key Chinese complaint is limits on access to processor chips and other US technology on security grounds that threaten to hamper the ruling Communist Party's development of smartphones, artificial intelligence and other industries. We will open up channels so that they can express concerns about our actions, and we can explain a

China flags supply chains, population as top priorities for new policies

China has become increasingly alert to supply chain security risks amid a US push to cut it off from advanced chip technology. Adding to it, its population has shrunk signaling a demographic crisis

China-Taiwan conflict, former warns self-ruled island against ties with US

China warned against continued U.S.-Taiwan cooperation Wednesday, responding to reports that the U.S. military was sending officers to help train Taiwan's counterparts and that a delegation of defense contractors would visiting the self-ruled island next week. We resolutely oppose the U.S. having any form of official or military contact with China's Taiwan region, Zhu Fenglian, spokeswoman for China's Taiwan Affairs Office, said at a weekly press briefing in Beijing. Taiwan and China split in 1949 after a civil war. Taiwan never has been part of the People's Republic of China, but the Communist Party says it is obliged to unite with the mainland, by force if necessary. President Xi Jinping's government has flown fighter jets and bombers near Taiwan in increasing numbers and fired missiles into the sea in an attempt to intimidate the island. Taiwanese media reported this month that the U.S. had sent 200 military personnel, mostly Marines, to help train Taiwan troops. Taiwan's Defens

Biden Admin framing new rules to stop US investments in Chinese tech firms

People aware of the developments have said that the programme is likely to cover private equity and venture capital investments in advanced semiconductors, quantum computing, among others

US ban on Chinese apps including TikTok a sign of its insecurity: China

U.S. government bans on Chinese-owned video sharing app TikTok reveal Washington's own insecurities and are an abuse of state power, a Chinese Foreign Ministry spokesperson said Tuesday. The U.S. government has been overstretching the concept of national security and abusing state power to suppress other countries' companies," Mao Ning said at a daily briefing. How unsure of itself can the U.S., the world's top superpower, be to fear a favourite young person's favourite app to such a degree? TikTok is used by two-thirds of American teens, but there's concern in Washington that China could use its legal and regulatory powers to obtain private user data or to try to push misinformation or narratives favoring China. Congress and more than half of U.S. states have so-far banned TikTok from government-issued mobile devices. Some have also moved to apply the ban to any app or website owned by ByteDance Ltd., the private Chinese company owning TikTok that moved its headquarters to Singap

China chips ban: Why US wants S Korea, Japan and the Netherlands on board

The US rolled out sweeping measures in October to limit the sale of advanced semiconductors and chipmaking equipment to China

Global economy may be entering a difficult era and economists are worried

The warnings of longer-term trouble come as investors are growing somewhat more hopeful of the Federal Reserve's ability to rein in sky-high inflation without causing a recession

US speeds up timeline in delisting threat for Chinese firms over audits

China and the US had been at odds over the issue for years, with Beijing citing national security concerns in opposition

Six months that make a leader

As time goes on, most elected leaders run out of ideas. It seems to hold as true for the world as for India

What happened during the Cold War between the US and the Soviet Union

On the sidelines of the G20 Summit, Joe Biden met Xi Jinping and later said that there was no need for a new 'Cold War'

US considers sanctions on China to deter it from invading Taiwan: Report

The idea is to restrict some trade and investment with China in sensitive technologies like computer chips and telecoms

As India makes headway in exports to the US, can it be the next China?

Sea-borne shipments of festival goods and accessories to America touched $20 million last month, almost triple the value from the year-ago period

US suspends 26 flights operated by Chinese carriers, effective immediately

The Transportation Department said the Civil Aviation Authority of China suspended 26 flights of US carriers after a rising number of passengers arriving from the US were testing positive for COVID-19

Yellen calls out China's trade practices during South Korea visit

US Treasury Secy Janet Yellen said Washington and Seoul should deepen their trade ties to avoid working with countries that use their market positions to unfair advantage calling out China by name.

China to 'get back to the table' for trade talks, says Donald Trump

China's lead negotiator in the US trade talks said Beijing was willing to resolve its trade dispute with the US through "calm negotiations" and resolutely opposed the escalation of the conflict