Page 34 - Us China

Janet Yellen likely to reiterate warnings over China's manufacturing power

With its dominant voice in all of those forums, the US is expected to try to align other countries across Europe, Asia and Latin America to voice concerns over China's output and exports

Amid China's aggression, Biden reiterates support for Philippines, Japan

President Joe Biden said Thursday that U.S. defense commitment was ironclad as he gathered Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House on Thursday in the midst of growing concern about provocative Chinese military action in the Indo-Pacific. The United States defense commitments to Japan and to the Philippines are ironclad. They're ironclad," Biden said as he began three-way talks at the White House with Kishida and Marcos. "As I said before, any attack on Philippine aircraft, vessels or armed forces in the South China Sea would invoke our mutual defense treaty. The White House summit was called amid growing concern about provocative Chinese action in the Pacific, which will be a large focus of the leaders' talks. The White House sees the summit as countering China's attempts at intimidation and sending a message that China is the outlier in the neighborhood, according to an administration official. President Joe Biden is ..

Amid tensions with China, US, Japan, S Korea hold drills in disputed sea

A US carrier strike group led by the USS Theodore Roosevelt has held a three-day joint exercise with its allies Japan and South Korea as US President Joe Biden met for talks with leaders from Japan and the Philippines at the White House. The duelling military and diplomatic maneuvers are meant to strengthen the partners' solidarity in the face of China's aggressive military actions in the region. A number of US and South Korean guided missile destroyers and a Japanese warship joined the April 10-12 drill in the disputed East China Sea, where worries about China territorial claims are rising. The Associated Press was one of several news organizations allowed a front-row look at the drills. Rear Adm. Christopher Alexander, commander of Carrier Strike Group Nine, said the three nations conducted undersea warfare exercises, maritime interdiction operations, search and rescue drills and work focused on communication and data sharing. He told journalists Thursday on the Roosevelt that th

US airlines ask govt not to approve additional flights between US, China

Large U.S. airlines and some of their unions are asking the Biden administration to stop approving any more flights between the United States and China because of what they call anti-competitive policies that China imposes on U.S. carriers. The airlines and unions said Thursday that China closed its market to U.S. carriers at the outbreak of the pandemic and imposed rules that still affect American operations and airline crews. These actions demonstrated the clear need for the U.S. government to establish a policy that protects U.S. aviation workers, industry and air travelers, they said in a letter to Secretary of State Antony Blinken and Transportation Secretary Pete Buttigieg. The letter was signed by the CEO of the Airlines for America trade group and the presidents of the Air Line Pilots Association, the Allied Pilots Association, which represents crews at American Airlines, and the Association of Flight Attendants. The number of flights between China and the U.S. has been ...

Prez Biden surpasses Trump's record for blacklisting chinese entities

In February, the US added eight companies to the entity list, quietly taking Biden past Trump's record, with six more added this week

Biden to meet Philippines, Japan leaders to discuss China in Indo-Pacific

President Joe Biden is bringing together Philippine President Ferdinand Marcos Jr. and Japanese Prime Minister Fumio Kishida at the White House on Thursday as the three nations use their first-ever trilateral summit to try to show they are in lockstep about countering China's military assertiveness in the Indo-Pacific. The leaders are expected to announce that their coast guards will hold a joint patrol in the Indo-Pacific in 2024, a follow-up on law enforcement drills carried out last year by the allies in waters near the disputed South China Sea. The US Coast Guard will also welcome Filipino and Japanese coast guard members onto a US Coast Guard vessel during the patrol for training, according to senior Biden administration officials who requested anonymity to preview the talks. The summit comes a day after Biden held one-on-one talks with Kishida and feted the Japanese premier with a glitzy state dinner at the White House, a diplomatic honour meant to recognise Tokyo's growing ..

China sanctions 2 US companies over 'support for arms sales to Taiwan'

China on Thursday announced sanctions against two US companies over what it says is their support for arms sales to Taiwan, the self governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. The measure also bars the companies' management from entering the country. It wasn't immediately clear what, if any, assets the companies have within China, which remains heavily reliant on foreign aerospace technology even as it attempts to build its own presence in the field.

Why is China trying to teach US, UK, Australia and Japan a history lesson?

China has warned that a recent move by the US, UK and Australia could escalate the risk of nuclear proliferation

Yellen face tariff decisions after giving factory capacity warning to China

On what may be her last trip to China as Treasury chief, she saw pushback on her core complaint that a massive export wave of cheap EVs and solar panels

From overcapacity to TikTok, here are issues covered in Yellen's China trip

US Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here's a look at what she tried to accomplish, what was achieved, and where things stand for the world's two largest economies: UNFAIR TRADE PRACTICES Yellen said she wanted to go into the U.S.-China talks to address a major Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an unfair competitive disadvantage by producing highly subsidized solar products, electric vehicles and lithium-ion batteries at a loss, dominating the global market. Chinese government subsidies and other policy support have encouraged solar panel and EV makers in China to invest in factories, building far more production capacity than the domestic market can absorb. She calls this overcapacity. Throughout the week of meetings, she talked about the risks that come from one ..

China accuses US of forcibly deporting its students without valid evidence

China on Monday accused the US of forcibly deporting Chinese students without any valid evidence and warned of "resolute measures" to safeguard the interests of its nationals. The US has been overstretching the concept of national security and without any valid evidence, arbitrarily cancelled Chinese students' visas, banned them from entering the US and forcibly deported them, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here. Asked about reports that Chinese students and scholars were interrogated and forcibly deported when entering the US border at the Washington Dulles Airport and the Dallas Airport, Mao said, the US moves inflicted enormous damage on the persons concerned and obstructed people-to-people exchanges between China and the US. The recent cases show that the US law enforcement personnel are bent on making excuses for deporting Chinese personnel. These are typical cases of selective, discriminatory and politically motivated law enforcement," Mao

US-China deepening cooperation on financial stability issues: US officials

The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks, the US officials said

Will China flood globe with EVs? Here's what's behind latest US-China fight

China's burgeoning production of electric cars and other green technologies has become a flashpoint in a new US-China trade fight, highlighted by Treasury Secretary Janet Yellen during her five-day visit to China and seized on by former President Donald Trump in incendiary remarks on the campaign trail. China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting many of those same industries in the United States. Concerns are growing not just in the US but also in Europe and Mexico that China will seek to bolster its own struggling economy with a wave of exports that could undercut factories overseas. A US trade group, the Alliance for American Manufacturing, noted in a February report that leading Chinese automaker BYD had recently introduced an electric SUV at the astonishingly low price of USD 14,000. China's auto industry poses an existential threat to US carmakers,

Yellen meets China's central bank chief, presses case on excess capacity

Yellen will wrap up her trip to Guangzhou and Beijing with a news conference later on Monday

US denounced Hong Kong's national security law but its actions remain muted

The US has denounced Hong Kong's new national security law as a tool to potentially silence dissent both at home and abroad, but so far the action from Washington has been notably muted, disappointing those fighting for the Chinese territory's democracy and freedoms. Since the law's swift passage on March 19, the US has announced visa restrictions on an unspecified number of unnamed Hong Kong officials but taken no further action. That's a far cry from 2020, when Beijing imposed national security restrictions to end months of unrest on Hong Kong streets. The U.S. responded by hitting the city's highest-ranking officials with sanctions and depriving the territory of its preferential trading status. While the new law, known as Article 23, now expands the Hong Kong government's powers to go after those it accuses of spying and to target dissidents anywhere in the world, Washington has been treading carefully. The State Department declined to preview or comment on any potential actions

US-China relationship on 'more stable footing' but more can be done: Yellen

US Treasury Secretary Janet Yellen met Sunday with Chinese Premier Li Qiang in Beijing and sent a message of mutual cooperation despite the nations' differences. Yellen came to China top of mind with trade practices that put American companies and workers at an unfair competitive disadvantage. In the ornate Fujian room of Great Hall of People building just west of Tiananmen Square, she told Li: While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing." This has not meant ignoring our differences or avoiding tough conversations," she said. "It has meant understanding that we can only make progress if we directly and openly communicate with one another. Li said media interest in Yellen's visit "shows the high expectation they have ... and also the expectation and hope to grow" the US-China relationship. The meeting comes after the US and China on Saturday agreed to hold intensive exchanges on more balanced economic

US, Japan, Oz and Philippines to stage military drills in S China Sea

The United States, Japan, Australia and the Philippines will hold their first joint naval exercises, including anti-submarine warfare training, in a show of force Sunday in the South China Sea where Beijing's aggressive actions to assert its territorial claims have caused alarm. The four treaty allies and security partners are holding the exercises to safeguard the rule of law that is the foundation for a peaceful and stable Indo-Pacific region and uphold freedom of navigation and overflight, they said in a joint statement issued by their defence chiefs Saturday. China was not mentioned by name in the statement, but the four countries reaffirmed their stance that a 2016 international arbitration ruling, which invalidated China's expansive claims on historical grounds, was final and legally binding. China has refused to participate in the arbitration, rejected the ruling and continues to defy it. The Philippines brought its disputes with China to international arbitration in 2013 aft

US, China to talk on economic growth including overcapacity issue: Yellen

The US and China agreed to hold talks that will address a key American complaint about China's economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in domestic and global economies as well as anti-money laundering, according to a statement about the creation of the groups. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. In her statement, Yellen said she and her counterparts agreed that the U.S. and China will hold intensive exchanges on balanced growth in the domestic and global economies. These exchanges will facilitate a discussion around macroeconomic imbalances, including their connection to overcapacity, and I intend to use this opportunity to advocate for a level playing fiel

Yellen in China: Beijing worried US planning more tariffs on green tech

As US Treasury Secretary Janet Yellen appeals to Chinese leaders to change their domestic manufacturing policies on the second day of an official visit, state media are receiving her message with skepticism, and anxiety about more US tariffs on green energy products. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. The official Xinhua News Agency wrote Friday night that while Yellen's trip is a good sign that the world's two largest economies are maintaining communication, talking up Chinese overcapacity' in the clean energy sector also smacks of creating a pretext for rolling out more protectionist policies to shield U.S. companies. Chinese government subsidies and other policy support have encouraged solar panel and EV makers in China to invest in factories, building far more production capacity than the domestic ...

During China visit, Yellen calls for level playing field for US workers

US Treasury Secretary Janet Yellen called Friday for a level playing field for American companies and workers as she began a five-day visit to China in one of the country's major industrial and export hubs. Yellen told Wang Weizhong, the governor of Guangdong province, that it's important for the U.S. and China to have open and direct communication on areas of disagreement. "This includes the issue of China's industrial overcapacity, which the United States and other countries are concerned can cause global spillovers, she said. Yellen, the first Cabinet-level official to visit China since President Joe Biden met Chinese leader Xi Jinping last November, has telegraphed that she will raise what the U.S. considers to be unfair Chinese trade practices, a concern shared by many European countries. Before talks with the governor, she met with American, European and Japanese business representatives to hear their concerns, ahead of what will likely be tough talks on trade and other issue