Page 38 - Us China

Xi's deal to slow fentanyl's flow into US unlikely to solve overdose crisis

Experts say new steps China has agreed to will eventually reduce the flow of the deadly opioid fentanyl into the US, but that alone will not stem the overdose crisis killing Americans at a record rate. President Joe Biden and Chinese President Xi Jinping announced at a meeting Wednesday in California that China is telling its chemical companies to curtail shipments to Latin America and elsewhere of the materials used to produce fentanyl, which is largely finished in Mexico and then smuggled into the US. China has also resumed sharing information about suspected trafficking with an international database. It's a step in the right direction because not doing this would be negligent, said Adam Wandt, an associate professor of public policy at John Jay College of Criminal Justice. If this is a diplomatic option that we did not take, every fentanyl death over the next decade would be on our heads. But he and others described the steps as necessary in addressing the overdose crisis in th

China seeks to be friends with US, won't fight 'hot war': Xi Jinping

Biden held a solo news conference after four hours of talks with Xi on the outskirts of San Francisco

Ready to join US multilateral initiatives, Xi invites Biden to join BRI

Chinese President Xi Jinping has invited his US counterpart Joe Biden to take part in his pet global initiative the BRI and expressed his readiness to take part in the Washington-backed multilateral cooperate initiatives. The Belt and Road Initiative (BRI) initiated by Xi in 2015 in which China is reported to have invested over a USD trillion has been widely criticised by the US, India and other countries as several countries including Sri Lanka and Pakistan, its biggest beneficiaries, reeled under mounting debt burden. The US, India and many of the EU countries are not part of the BRI. On the sidelines of the G20 Summit in New Delhi in September, Prime Minister Narendra Modi along with President Biden and other world leaders launched the India-Middle East-Europe Economic Corridor (IMEEC) to connect India, the Middle East and Europe with railways, shipping lines, high-speed data cables and energy pipelines. In his four-hour-long meeting with Biden on Wednesday on the sidelines of t

Handshakes, Fentanyl, and AI: Key takeaways from Biden- Xi summit

On the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, Xi and Biden agreed to resume military-to-military communication and counter-narcotics cooperation

Xi is dictator: Biden firm on past remark as US-China seek to cool tensions

When Joe Biden made a similar dictator reference about Xi Jinping in June, China called the remarks absurd and a provocation.

Biden-Xi meet: US-China agree to restore some military communication

US President Joe Biden and Chinese President Xi Jinping have agreed to restore some military-to-military communications between their armed forces as the two leaders met for hours on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. Both sides pledged cooperation that would bring the US and China closer to resuming regular talks under what's known as the Military Maritime Consultative Agreement, which until 2020 had been used to improve safety in the air and on the sea. A senior US official said after the Biden-Xi meeting ended that the military communication agreements mean that US Defence Secretary Lloyd Austin can meet with his Chinese counterpart once that person is named. The official spoke to reporters on condition of anonymity to discuss a private meeting. This also opens the door for agreements at less-senior levels, including that the commander of US Pacific forces in Hawaii can engage with counterpart theatre commanders, the official said. The

Not an option for US-China to turn their back on each other: Xi Jinping

The two leaders met on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC), in a bid to have the US and China to increase high-level communication amid continued tensions.

Biden, Xi meeting aimed at getting relationship back on better footing

Presidents Joe Biden and Xi Jinping head into their big meeting at a country estate on Wednesday hoping to stabilise US-China relations after a period of tumult, but the US president also is prepared to confront his counterpart on difficult issues such as trade, Beijing's burgeoning relationship with Iran and human rights concerns. The two leaders, who will meet on the sidelines of a summit of Asian-Pacific leaders, last spoke a year ago. Since then, already fraught ties between the two economic superpowers have been further strained by the U.S. downing of a Chinese spy balloon that had traversed the continental U.S. and over differences on the self-ruled island of Taiwan, China's hacking of a Biden official's emails and other incidents. The two leaders are in California for the annual Asia-Pacific Economic Cooperation forum, but will hold their one-on-one talks at Filoli Estate, a country house and museum about 25 miles (40 kilometers) south of San Francisco, according to three ...

Xi calls for economic exchanges with Taiwan before meeting with Biden

Xi urged more efforts "to facilitate economic exchanges and cooperation and advance integrated development in all fields across the strait," the official Xinhua News Agency reported

US-China ties can easily veer towards conflict if not well managed: NSA

The United States-China could easily veer towards a conflict if it is not well managed, US National Security Advisor Jake Sullivan has said ahead of the much-anticipated meeting between US President Joe Biden and his Chinese counterpart Xi Jinping. Biden and Xi are scheduled to meet in San Francisco on Wednesday on the sidelines of the APEC Leadership meeting. The White House is calling it a summit. Sullivan on Monday said the US president has the opportunity to engage, so do the rest of his team, on how they effectively manage peace and stability across the Taiwan Strait. "Those are some of the issues that, through intense diplomacy, we have been able to manage," he said. "Then will look for opportunities to actually generate affirmative outcomes that deliver tangible progress for the American people in areas where our interests overlap. I mentioned, for example, the issue of fentanyl. "We're hoping to see some progress on that issue this coming week, and that could then open the

Biden-Xi meet: US lawmakers press for free access to South China Sea

US lawmakers have urged President Joe Biden to raise with Beijing the issue of illicit fentanyl trafficking, coercive environment for American businesses and stand up for the military's ability to freely operate in the South China Sea during a meeting with his Chinese counterpart Xi Jinping on Wednesday. They also said Biden should be "adamant" that China "leans on Russia and Iran not to exacerbate the military crises happening around the world". Biden and Xi are scheduled to meet in San Francisco on Wednesday on the sidelines of the APEC Leadership meeting. The White House is calling it a summit. On the Senate floor, Majority Leader Chuck Schumer listed out issues, including fentanyl trafficking and the coercive environment for US businesses in China, that he thought Biden should raise with Xi. "On the Israel-Gaza conflict in particular, we told President Xi that China needs to use its influence on Iran to stop them from acting in any way that would widen the conflict. China shoul

Biden-Xi meet: White House expects possible military communications revival

US officials expressed hope Monday that this week's highly anticipated face-to-face meeting between President Joe Biden and Chinese President Xi Jinping will produce some concrete results, including the possible reestablishment of military communication between the two nations and a shared effort to combat illicit fentanyl trafficking. The two leaders will meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. The Biden-Xi bilateral will be the marquee moment of the forum, which is dedicated to promoting trade, investment and economic development among nations around the Pacific Ocean. Biden and Xi have not spoken in a year. Their last meeting was at the Group of 20 summit in Indonesia last fall. And since then, tensions between the two nations have grown following a series of events touched off by the shooting down of a Chinese spy balloon that had wafted across the US earlier this year. The frosty relationship between the two economic ...

Biden and Xi look for clarity in an increasingly difficult relationship

President Joe Biden and China's Xi Jinping have no shortage of difficult issues to discuss when they sit down for their first talks in a year, even if expectations are low that their meeting will lead to major breakthroughs. Each leader has clear objectives for the highly anticipated talks Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit, a meeting that comes after what's been a fractious year for the world's two biggest economies. Both Biden and Xi are looking to bring a greater measure of stability to a relationship that is being defined by differences over export controls, tensions over Taiwan, the wars in the Middle East and Europe, and more. A look at what each president is hoping to achieve during their talks: WHAT BIDEN WANTS The White House has made clear that the U.S.-China relationship is beyond the days where a meeting ends with a long list of announcements and agreements. Instead, Biden comes to San Francisco focused on managing the countries

Global economy at stake as US, China seek to cool tensions at APEC summit

The United States and China are the two global economic heavyweights. Combined, they produce more than 40 per cent of the world's goods and services. So when Washington and Beijing do economic battle, as they have for five years running, the rest of the world suffers, too. And when they hold a rare high-level summit, as Presidents Joe Biden and Xi Jinping will this week, it can have global consequences. The world's economy could surely benefit from a US-China detente. Since 2020, it has suffered one crisis after another the COVID-19 pandemic, soaring inflation, surging interest rates, violent conflicts in Ukraine and now Gaza. The global economy is expected to grow a lackluster 3 per cent this year and 2.9 per cent in 2024, according to the International Monetary Fund. Having the world's two largest economies at loggerheads at such a fraught moment," said Eswar Prasad, senior professor of trade policy at Cornell University, exacerbates the negative impact of various geopolitical ..

Hopeful about resuming military communication with China: US military chief

The top US military officer said Friday he has conveyed to China his hopes to resume the stalled communication between the world's two biggest militaries. The chairman of the Joint Chiefs of Staff, Gen. CQ Brown Jr., told a selected group of journalists Friday in Tokyo that it is hugely important to ensure there is no miscalculation between the sides. He said he conveyed his desire to restart the dialogue in a letter to his Chinese counterpart. I'm hopeful, Brown added. China froze military exchanges in August 2022 when then-Speaker of the House of Representatives Nancy Pelosi visited self-governing Taiwan, which China claims as its own territory. The two sides have shown indications in recent weeks that they are close to resuming the exchanges. Brown made his comment during the Tokyo leg of a trip to Asia ahead of next week's Asia-Pacific Economic Cooperation summit, to be hosted by President Joe Biden in San Francisco. Biden will meet with Chinese President Xi Jinping on the ...

China's biggest commercial lender ICBC's US unit hit by ransomware attack

ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems.

US depends on China for its modern way of life, says Vivek Ramaswamy

The US cannot "get tough" with China because it depends on it for a modern way of life, Indian-American Republican presidential candidate Vivek Ramaswamy has said, asserting that Washington needs to declare economic independence from Beijing. The 38-year-old multimillionaire biotech entrepreneur made the comment on Wednesday during the Republican Party's third presidential debate in Miami, Florida. Indian-American presidential candidate Nikki Haley, Florida Governor Ron DeSantis, former New Jersey Governor Chris Christie, and South Carolina Senator Tim Scott participated in the debate. Former US president Donald Trump, who is leading the race, did not participate in the debate again. Here's why we can't get tough with China. It's because we depend on them for our modern way of life. And we have to declare economic independence from our enemy," Ramaswamy said. "That's the Declaration of Independence that Thomas Jefferson, at the age of 33, would have signed. And today, if he were ..

US, Chinese ministers open talks to lay groundwork for Biden-Xi meeting

Treasury Secretary Janet Yellen and her Chinese counterpart will meet in San Francisco on Thursday for two days of talks aimed at making progress on a slew of economic issues at a time when competition has markedly intensified between the two countries. Yellen's talks with Vice Premier He Lifeng are designed to help lay the groundwork for an expected meeting between President Joe Biden and Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco, which would be their first engagement in nearly a year. The White House is not expecting the face-to-face meeting to result in major changes to the relationship between the two nations, according to a person familiar with the planning, although it hopes to see some signs of progress. Analysts say expectations should be kept low, given the competitive nature of the countries' relationship. Nicholas Szechenyi, deputy director for Asia at the Center for Strategic and Internationa

US terms with China must consider human rights, national security: Yellen

Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In laying out the Biden administration's economic approach toward the Indo-Pacific region, the country's top financial official said Washington does not seek to decouple from China, the region's largest economy and the world's second largest next to the United States. But it wants to diversify by investing at home and boosting links with trusted countries in the region. We've put forward a vision of the world grounded in values we share with these allies and partners and in which there is also a healthy and stable economic relationship between the United States and China," Yellen said in a speech hosted by the Asia Society less than two weeks before leaders of the Asia-Pacific Economic Cooperation countries will gather in San Francisco for an annual meeting. President Joe Biden and ...

Biden to meet Xi in San Francisco in Nov; want to move forward with China

US President Joe Biden would meet his Chinese counterpart Xi Jinping on the sidelines of the APEC Leadership Summit in San Francisco later this month, the White House has confirmed. "The president is looking forward to it. And that, I think should answer your question, White House Press Secretary Karine Jean-Pierre told reporters on Tuesday at her daily news conference when asked about reports of a Biden-Xi meeting in San Francisco. India's Prime Minister Narendra Modi has also been invited for the APEC Leadership summit by President Biden. India is most likely to be represented by a Cabinet-level minister. We've been talking about it. The President said he's looking forward to meeting -- to meeting with President Xi. And -- and so, not going to get into details about this meeting that's going to happen in November. It's going to be in San Francisco. It's going to be a constructive meeting, Jean-Pierre said. Look, what I'm saying is that we're aiming to have a constructive ...