Page 30 - Us China

Asian shares fall as investors ponder US-China equation post Trump win

Markets have now fully priced in a quarter-point rate cut from the Fed in September, with a total easing of 68 basis points expected by the end of the year

China will face consequences for helping Russia against Ukraine: Biden

US President Joe Biden on Thursday said China will face consequences for helping Russia in its war against Ukraine and noted that some of the European countries are going to curtail their investment in the eastasian country. The issue is that we have to make sure that Xi Jinping understands there's a price to pay for undercutting both the Pacific Basin as well as Europe and as relates to Russia and dealing with Ukraine, Biden told reporters at a press conference here. So for example, if you want to invest in China, you have to have a 51-per cent Chinese owner. You have to make sure that you do by their rules, and provide all access to all the data and information you have, he sad. There was a while there, as you recall, the last administration and the others, where the access to that market was enticing enough to get companies to come in because they had access to over a billion people in a market, not a billion but a lot of people in the market, he said. So they were doing it, but

What makes disconnecting trade ties with China expensive and challenging

The current global economic environment works against migration, standing in contrast to the increasingly tense geopolitical situation that adds urgency to decoupling

China Prez Xi Jinping to attend SCO summit from July 2 to 6 in Kazakhstan

The SCO summit will take place from July 3-4 in Astana, the capital city of Kazakhstan

Low-priced Chinese EVs reaching US from Mexico pose a threat to automakers

It's a scenario that terrifies America's auto industry. Chinese carmakers set up shop in Mexico to exploit North American trade rules. Once in place, they send ultra-low-priced electric vehicles streaming into the United States. As the Chinese EVs go on sale across the country, America's homegrown EVs costing an average of $55,000, roughly double the price of their Chinese counterparts struggle to compete. Factories close. Workers lose jobs across America's industrial heartland. Ultimately, it could all become a painful replay of how government-subsidized Chinese competition devastated American industries from steel to solar equipment over the past quarter-century. This time, it would be electric vehicles, which America's automakers envision as the core of their business in the coming decades. Time and again, we have seen the Chinese government dump highly subsidized goods into markets for the purpose of undermining domestic manufacturing,' Sen. Sherrod Brown, an Ohio Democrat, .

Chinese firms seek assurances from Malaysia on avoiding US tariffs

The companies have asked Malaysian ministers and senior government officials to lobby against US imposing tariffs on products made or assembled in Malaysia by Chinese groups

India key ally of US to ward off 'China threat', says Congressman Meeks

India is a key ally of the United States, an influential American lawmaker who recently met Prime Minister Narendra Modi has said, adding that it is a "key country" to ward off the threats of China. These remarks were made by Gregory Meeks, Ranking Member of the House Foreign Affairs Committee and senior member of the House Financial Services Committee. It's tremendously important, and the reason you're talking about 1.3 billion people. But the ally that India is for the United States is important, Meeks told CNN in an interview on Sunday. When you look at what Joe Biden has done pulling people, pulling countries together, for example, India is an integral part of the Quad, our relationship with India, as well as South Korea and Japan, United States, and Australia, he said. Meeks was part of a high-powered delegation that recently travelled to India and met Prime Minister Modi in New Delhi. Then you... about India also part of the trilateral agreement that's moving forward. You kn

Biden admin probes China Telecom, China Mobile over internet, cloud risks

The investigation is the latest effort by Washington to prevent Beijing from exploiting Chinese firms' access to US data to harm companies

China could take control of Taiwan without firing shot: US think tank

Analysts and military strategists said that there are two key options available to China - a full-scale invasion or a military blockade

What is China's Fire Dragon missile, which PLA thinks can sink US warships?

The missiles have the ability to destroy the US Navy's Ticonderoga-class cruisers, according to a computer simulation conducted by the Chinese People's Liberation Army

Why has a visit by US lawmakers to India upset China? All you need to know

The meeting annoyed Beijing, which urged the United States on Tuesday to "fully recognise the anti-China and separatist nature of the Dalai clique"

Biden to do what is best for Americans: White House on Tibet policy bill

US President Joe Biden is going to take a decision that he thinks is in the best interest of the United States, the White House has said, after China warned of "resolute measures" if the Tibet policy bill is signed into law. The US Congress passed this month a legislation, the Resolve Tibet Act, calling for a peaceful resolution of the dispute over the status and governance of Tibet. It also calls on Beijing to resume dialogue with the Tibetan spiritual leader the Dalai Lama. "The President is going to do what he thinks is best on behalf of the American people, that's what I can tell you," White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Tuesday when asked about China's warning. The Resolve Tibet Act is a bipartisan bill to enhance US support for Tibet and promote dialogue between the People's Republic of China and the Dalai Lama toward a peaceful resolution of the long-standing dispute between Tibet and China. The Act enhances US suppor

What is China's panda diplomacy; everything you need to know about it

Since its founding in 1949, the People's Republic of China has used panda diplomacy to boost its international image, either by gifting or lending panda to foreign zoos as goodwill animal ambassadors

Man on speedboat was acting on his own, no reason to be suspicious: China

According to the Taiwan authorities, after travelling in his little boat across the 160 km Taiwan Strait, which divides the island nation from China, the guy was taken into custody by coast guard

Ex-Trump official Colby warns against Chinese surprise attack on Taiwan

Colby said that the military needed to be strengthened so it could deliver any immediate response against Chinese aggression

China recruiting US fighter pilots to boost air defence: US intelligence

The Five Eyes bulletin added that the Chinese recruitment efforts seem to be targeting current and former military pilots from Five Eyes countries and those from France and Germany

Russia, China raise concerns with US over UN resolution on Gaza ceasefire

Biden laid out a three-phase ceasefire plan for the Gaza Strip a week ago that he described as an Israeli initiative

'Part of diplomatic business': US on China's objection to Modi-Lai exchange

Amid China's protest over the exchange of greetings between Prime Minister Narendra Modi and Taiwanese President Lai Ching-te, the US State Department said such congratulatory messages between two foreign leaders are a part of diplomatic business. I would say that such congratulatory messages are the normal course of diplomatic business," State Department Spokesperson Matthew Miller told reporters on Thursday at his daily news conference. He was responding to a question on China protesting over Modi's comment that he looked forward to having closer ties with Taiwan after his victory in the just concluded Lok Sabha elections. Earlier on Wednesday, Modi's remarks came in response to a congratulatory message from Taiwan President Lai Ching-te on his election victory. Lai, elected as Taiwan's President last month, in a message posted on X said: My sincere congratulations to Prime Minister @narendramodi on his election victory. We look forward to enhancing the fast-growing #Taiwan-#Indi

Hong Kong needs to reinvent itself to retain competitive edge: Mark Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage

War with China neither imminent nor unavoidable: US Defence secy Austin

United States Secretary of Defence Lloyd Austin told a gathering of top security officials Saturday that war with China was neither imminent nor unavoidable, despite rapidly escalating tensions in the Asia-Pacific region, stressing the importance of renewed dialogue between him and his Chinese counterpart in avoiding miscalculations and misunderstandings. Austin's comments at the Shangri-La defence forum in Singapore came the day after he met for more than an hour on the sidelines with Chinese Defence Minister Dong Jun, the first in-person meeting between the top defence officials since contacts between the American and Chinese militaries broke down in 2022 after then-US House Speaker Nancy Pelosi visited Taiwan, infuriating Beijing. Neither side budged from their longstanding positions on Taiwan which China claims as its own and has not ruled out using force to take and on China's sweeping claims in the South China Sea, which has led to direct confrontations between China and othe