Page 40 - Us China

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'

China launches military operations, patrols as 'stern warning' to Taiwan

China launched joint air and sea patrols and military exercises around Taiwan on Saturday which Beijing has termed as a "stern warning" to "Taiwan independence" separatists

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

US President Joe Biden expects to meet Xi 'this fall' amid tensions

Despite escalating tensions with Beijing, US President Joe Biden is still hopeful of meeting his Chinese counterpart Xi Jinping later this year, CNN reported on Friday (local time)

Pak to seek friendship with all and enmity with none: Caretaker FM Jilani

Pakistan's newly appointed caretaker Foreign Minister Jalil Abbas Jilani has said he would pursue close relationships with all major powers including the US and China, seek better ties with India and further enhance cooperation with the Gulf region. Soon after taking oath as the caretaker foreign minister on Thursday, the 68-year-old veteran diplomat said he would continue to follow a foreign policy evolved through national consensus. Jilani, who served as foreign secretary and Pakistan's ambassador to the US, said there was a national consensus that Pakistan must have a good relationship with the US while maintaining close ties with China. We are clear that Pakistan will not enter into any bloc politics, he told the Express Tribune newspaper. Pakistan has been treading carefully amid intensified US-China rivalry and, at times, has been forced to make difficult choices. Islamabad twice skipped the US President's Democracy Summit in what was seen as a clear effort not to antagonise

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

Biden describes China as 'ticking time bomb' over its economic problems

First came word that China's economy had slowed substantially in the spring, extinguishing hopes of a robust expansion after the lifting of extreme Covid restrictions

Biden issues order restricting US investments in Chinese technology

In a sign of growing strains between the world's two biggest powers, President Joe Biden signed an executive order on Wednesday that would block and regulate high-tech US-based investments going toward China. It covers advanced computer chips, micro electronics, quantum information technologies and artificial intelligence. Senior administration officials said that the effort stemmed from national security goals, rather than economic interests and that the categories it covered were narrow in scope. The order seeks to blunt China's ability to use US investments in its technology companies to upgrade its military while also preserving broader levels of trade that are vital for both nations' economies. The United States and China appear to be increasingly locked in a geopolitical competition, along with their deep trade relationship as the world's two largest economies. Biden administration officials have insisted that they have no interest in decoupling from China, yet the US has ...

US' plan to narrow limits on China tech investments likely by 2024

Officials are aiming to wrap up a proposal by the end of August for the long-delayed program to screen and possibly prohibit investment in China's semiconductor

China using coercive business practices for economic advantage: US

The diplomatic relations between China and US have been downgraded since the Chinese spy balloon incident

Treasury Secy Yellen hopes to build on US-China thaw at India G20 gathering

After Yellen held landmark talks in Beijing July 6-9, she's now in Gandhinagar, India, for a gathering of finance ministers and central bank governors from Group of 20 countries

US restrictions to undermine efforts to ease tensions with China: Report

The looming restrictions were discussed during US Treasury Secretary Janet L Yellen's meetings with senior Chinese officials during her recent visit to China, according to the report

Minimising damage from US' China policy

Containing the fallout of American restrictions on Chinese exports would benefit all parties

Janet Yellen's China trip offers economic guardrails in tense rivalry

In 10 hours of meetings Friday and Saturday, Yellen said she sought to convince China's newly installed economic team that the US isn't bent on seeking economic advantage against the country

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

US-China ties on 'surer footing' after critical trip, says Janet Yellen

Yellen's comments were delivered at a press conference capping a four-day visit to Beijing that she'd described as a mission to revive engagement between the two largest economies

China accuses US of turning Taiwan into a powder keg with its latest sales

China's Defence Ministry accused the United States of turning Taiwan into a powder keg Wednesday with its latest sales of military equipment to the self-governing island democracy worth a total of USD 440.2 million. The US State Department approved of the sale of 30 mm ammunition and related equipment, along with spare parts for Taiwan's vehicles, small arms, combat weapon systems, and logistical support items. Defence Ministry spokesperson Col Tan Kefei responded that the US ignores China's core concerns, crudely interferes in China's internal affairs, and deliberately escalates tensions across the Taiwan Strait." China claims Taiwan as its own territory to be conquered by force if necessary and Tan said "stern representations had been lodged with the US. This is tantamount to accelerating the transformation of Taiwan into a 'powder keg' and pushing the Taiwanese people into the abyss of disaster, he said in a statement carried on the ministry's website. Using force to seek ...

US to curb China's access to Cloud services like Amazon, says report

Washington is considering requiring cloud providers to seek government permission before serving Chinese firms

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