Page 30 - Us China

US companies in China see record-low profits amid geopolitical tensions

American companies in China are seeing record-low profits, with business confidence at an all-time low amid US-China tensions and a slowing Chinese economy, according to a report published Thursday by a US business group. Out of 306 companies polled, a record-low 66 per cent were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai. The report also found that only 47 per cent of respondents were optimistic about their business outlook in China over the next five years, the lowest in the survey's history of more than two decades. Beijing and Washington have been at odds in recent years over issues like trade and manufacturing, as well as China's claims over the South China Sea. China is also grappling with a slowing domestic economy, with lackluster consumer demand and deflationary pressures persisting even post-Covid. The geopolitical tensions between both countries was the top challenge to businesses' operations in .

World looking at more sharpened contestation between US, China: Jaishankar

India would be willing to work with like-minded partners on specific agenda and its role in the Quad is an example of such an approach, External Affairs Minister S Jaishankar said on Saturday, while calling for reformed multilateralism. In a virtual address at the FPCI Global Town hall, Jaishankar, delving into major geopolitical developments, said the world is looking at a more "sharpened contestation" between the US and China on a range of areas. He underlined that even as the world looks "complicated", India's desire and determination to ensure its stability and contribute to its prosperity is only getting stronger. The Quad, comprising India, the US, Australia and Japan, has emerged as a key coalition focusing on working towards ensuring a free, open and rules-based Indo-Pacific against the backdrop of China's growing muscle-flexing in the region. In the context of key directions and developments in international relations over the last few decades, the external affairs ministe

China urges US to 'immediately' lift all tariffs on Chinese-made goods

US is expected to make its final determination in the coming days after delaying a decision twice

IBM to revoke ops from China amid tussle between Washington-Beijing: Report

The current shift in IBM's business structure is reportedly due to the rising tensions between China and the US along with an ongoing decline in the Chinese economy

US diplomat Jake Sullivan meets Chinese President Xi Jinping in Beijing

US National Security Adviser Sullivan described the Beijing trip as a true working visit

US NSA Sullivan meets Xi Jinping as wide-ranging China-US talks near end

As the pair sat down in the Great Hall of the People, Xi told Sullivan Beijing was committed to a stable relationship with Washington

President Xi urges top US official to adopt 'rational' China policy

Sullivan reaffirmed President Joe Biden's commitment to prevent competition "from veering into conflict or confrontation," adding that the two nations should aim to work together

Top Chinese officer tells US to stop colluding with Taiwan in NSA meeting

A top Chinese military officer, in a rare meeting with a visiting American official, demanded Thursday that the United States stop collusion with Taiwan, the self-governing island that China says must come under its rule. Gen. Zhang Youxia, one of two vice chairs of the Central Military Commission, told White House National Security Adviser Jake Sullivan that promoting what China calls the reunification of Taiwan with the mainland is the mission and responsibility of the military, according to a statement from China's Defence Ministry. Sullivan was wrapping up a three-day trip to China, his first as national security adviser and one aimed at maintaining communication to avoid differences over Taiwan and other issues from spiralling into conflict. Both governments are eager to keep relations on an even keel ahead of a change in the US presidency in January. Your request to meet with me shows the value you attach to military security and the relationship between our militaries, Zhang

US NSA Sullivan hold talks with top Chinese military official in Beijing

US National Security Adviser Jake Sullivan was meeting Thursday morning with a top Chinese defence official as the two countries try to strengthen communication to prevent differences over Taiwan and the South China Sea from spiralling into conflict. The meeting came one day after the White House said that a phone conversation would be arranged between Chinese President Xi Jinping and US President Joe Biden in the coming weeks. Your request to meet with me shows the value you attach to military security and the relationship between our militaries, Zhang Youxia, the vice chairman of the Central Military Commission, told Sullivan in opening remarks. Sullivan noted that it is rare we have the opportunity to have this kind of exchange and underlined the need for us to responsibly manage the US-China relationship. Sullivan is on the final day of a three-day trip to China, his first as national security adviser and one aimed at keeping high-level communications open and stabilising ...

US, Chinese officials to conclude talks on Taiwan, military communication

Sullivan is expected to press for enhanced working-level military to military communications

China, US to plan Biden-Xi call in coming weeks, says White House

Beijing and Washington will plan for a phone call in the coming weeks between Chinese President Xi Jinping and US President Joe Biden, the White House said Wednesday after National Security Adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Beijing. Sullivan's first trip to China as national security adviser was aimed at keeping high-level communications open and stabilising bilateral relations to avoid conflict. The White House statement said both sides would keep lines of communication open, including planning for a leader-level call" in the coming weeks. There was no indication the two leaders might meet in person before Biden leaves the Oval Office. The White House said the two sides also planned to hold a military theater commander telephone call in the near future. China has rapidly expanded its military, and there are concerns that Taiwan and the South China Sea are becoming flashpoints. Wang told Sullivan that Taiwan's independence poses the greatest threat to

China holds 2nd day of talks on Taiwan, fentanyl with Biden aide Sullivan

Sullivan, China's top diplomat Wang Yi and others are meeting for talks from Tuesday to Thursday as the two countries are at odds over the Middle East and Ukraine

Jake Sullivan, China officials to hold discussions on Taiwan, military

US also wants China to take more action at home to prevent the development of chemicals that can be made into fentanyl

US NSA Sullivan to visit China next week; discuss Taiwan, fentanyl issue

Notably, this is the first visit by a US national security adviser since 2016, though other senior US officials, including Secretary of State Antony Blinken, have visited China over the past two years

China wants Trump to win presidential elections: Congressman Krishnamoorthi

China wants Republican candidate Donald Trump to win the presidential election this November, Indian-American Congressman Raja Krishnamoorthi said Thursday. Krishnamoorthi, who represents the eighth Congressional district of Illinois, is the only Indian-American Congressman to address the Democratic National Conference in Chicago. America against America is the title of a book by one of China's highest-ranking leaders, and it's how they think they'll win. They know the only way they'll beat America is if we beat ourselves,' said Krishnamoorthi, who is a ranking member of the powerful China committee in the House of Representatives. In the Congress, he said, his job is to study China's economy. Mark my words, they want to see Donald Trump across the bargaining table. Because he'll start endless trade wars that raise prices for Americans. Because he'll cut programmes that train workers in America. But most of all, Trump will hit American against American. And that's what China wants,

China lodges strong protest as top American official meets Dalai Lama

China on Thursday lodged a serious protest with the US after a top Biden administration official met the Dalai Lama and reaffirmed Washington's commitment to advancing the human rights of Tibetans and supporting efforts to preserve their distinct historical, linguistic, cultural, and religious heritage. The Dalai Lama, 89, is recuperating in New York since he underwent a successful knee replacement surgery on June 28. Uzra Zeya, the US Under Secretary of State for Civilian Security, Democracy, and Human Rights and Special Coordinator for Tibetan Issues, travelled to New York for an audience with the Dalai Lama and conveyed Biden's message to the Tibetan spiritual leader, a State Department statement said. The Tibetan spiritual leader's meeting with the top US State Department official comes months after Biden signed into law a bill which enhanced US support for Tibet to promote dialogue between China and the Dalai Lama towards a peaceful resolution of the dispute over the status and

Southeast Asia's solar industry boom threatened by US-China trade tensions

Chinese firms that set up factories there over the last decade are now being accused of skirting US import levies on their home market

US elections: Harris' VP pick Walz's history with China may prove awkward

His interest in the country has also extended to policy-making, with Walz cosponsoring numerous pieces of legislation in the US House, including the Hong Kong Human Rights and Democracy Act of 2017

Chinese firms stockpile high-end Samsung chips as they await new US curbs

The companies have ramped up their buying of the artificial intelligence (AI) capable semiconductors since early this year, helping China account for about 30 per cent of Samsung's HBM chip revenue

Global burger chains to car makers hit as recovery falters in China

China's $18.6 trillion economy grew more slowly than expected in the second quarter, and cautious households are building up savings and paying off debts