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
The diplomatic relations between China and US have been downgraded since the Chinese spy balloon incident
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
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
Containing the fallout of American restrictions on Chinese exports would benefit all parties
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
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
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'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 ...
Washington is considering requiring cloud providers to seek government permission before serving Chinese firms
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Treasury Secretary Janet Yellen will travel to Beijing Thursday as part of an ongoing Biden administration effort to thaw U.S.-China relations, a senior Treasury official said Sunday. Yellen, who has called the notion of an economic decoupling from China disastrous, has frequently said in the past year that she would like to visit China. She says the two nations "can and need to find a way to live together in spite of their strained relations over geopolitics and economic development. Yellen will meet this week with Chinese officials, U.S. companies doing business in China and with Chinese people and will stay through July 9, said the official, who spoke on condition of anonymity to discuss details of the trip. The goal of her visit is to deepen and increase the frequency of communication between U.S. and China, the official said. While there are clear areas of common interest where Yellen can make progress, the official said, there are also significant disagreements that will not b
The British media on Monday reported new evidence of China's spy balloon programme, including flights over Japan and Taiwan, months after US-China relations were derailed when one such airship was shot down off the US coast. Working with Synthetaic, an artificial intelligence company which sifted through huge amounts of data captured by satellites, the BBC has found multiple images of balloons crossing East Asia. The company's founder, Corey Jaskolski, found evidence of one balloon crossing northern Japan in early September 2021. These images have not been published before, the BBC reported. Jaskolski also believes the evidence points to this balloon having been launched from deep inside China, south of Mongolia. US-China relations were thrown into turmoil in February this year, when a Chinese spy balloon, said to be the size of three buses, was shot down by American fighter jets over the Atlantic Ocean off the Eastern Seaboard of the United States. China has repeatedly claimed th
He said that defence is part of a larger issue in many areas of technological security and economic security and US-India is aligning very closely and cooperating very closely
It appears that Bangladesh will be the new battleground for a war of influence between the US and China in the Indo-Pacific
US Secretary of State Antony Blinken has opened a second and final day of critical meetings with senior Chinese officials as the two sides expressed willingness to talk but showed little inclination to bend on hardened positions that have sent tensions soaring. Blinken was meeting Monday morning with China's top diplomat Wang Yi and an encounter with President Xi Jinping was still in the cards before he departs in the late evening. Neither Blinken nor Wang made any comment to reporters as they greeted each other and sat for their discussion. In the first round of talks on Sunday, Blinken met for nearly six hours with Chinese Foreign Minister Qin Gang after which both countries said they had agreed to continue high-level discussions. However, there was no sign that any of the most fractious issues between them were closer to resolution. The two sides both said Qin had accepted an invitation from Blinken to visit Washington but Beijing made clear that the China-U.S. relationship is a
Shortly before setting out for Beijing, Secretary of State Antony Blinken on Friday emphasised the importance of the US and China establishing better lines of communication. He will be the highest-ranking member of the Biden administration to visit China. The US wants to make sure that the competition we have with China doesn't veer into conflict due to avoidable misunderstandings, Blinken told reporters in Washington. Blinken, speaking alongside Singapore Foreign Minister Vivian Balakrishnan, said his China trip is the outgrowth of a meeting in Bali last year between Presidents Xi Jinping and Joe Biden. The two agreed that China and the United States, the world's biggest two economies and increasingly top rivals for global influence, must maintain contacts and and take steps to avoid unintended conflicts. Blinken's trip came within a day of happening in February but was delayed by the diplomatic and political tumult brought on by the discovery of what the US says was a Chinese spy
United States Secretary of State Antony Blinken and Chinese Foreign Minister Qin Gang shared concerns on a phone call Wednesday ahead of a planned visit by the U.S. official to China meant to shore up relations. Spoke tonight with PRC State Councilor and Foreign Minister Qin Gang by phone, Blinken's official Twitter account read. Discussed ongoing efforts to maintain open channels of communication as well as bilateral and global issues. The Chinese foreign ministry said in a statement on one of its social media pages that Qin urged the United States to respect China's core concerns such as the issue of Taiwan's self-rule, stop interfering in China's internal affairs, and stop harming China's sovereignty, security and development interests in the name of competition. Qin noted China-U.S. ties have encountered new difficulties and challenges since the beginning of the year, and the two sides' responsibility is to work together to properly manage differences, promote exchanges and ...
China has been operating a spy base in Cuba since at least 2019, part of a global effort by Beijing to upgrade its intelligence-gathering capabilities, according to a Biden administration official. The official, who was not authorised to comment publicly and spoke on the condition of anonymity, said the US intelligence community has been aware of China's spying from Cuba and a larger effort to set up intelligence-gathering operations around the globe for some time. The Biden administration has stepped up efforts to thwart the Chinese push to expand its spying operations and believes it has made some progress through diplomacy and other unspecified action, according to the official, who was familiar with US intelligence on the matter. The existence of the Chinese spy base was confirmed after The Wall Street Journal reported on Thursday that China and Cuba had reached an agreement in principle to build an electronic eavesdropping station on the island. The Journal reported that China
Secretary of State Antony Blinken is planning to travel to China this month as the Biden administration pushes to improve badly deteriorated ties with the Chinese. U.S. officials say Blinken expects to be in Beijing on June 18 for meetings with senior Chinese officials, including with Foreign Minister Qin Gang and possibly President Xi Jinping. The officials spoke on condition of anonymity because neither the State Department nor the Chinese foreign ministry have yet confirmed the trip. The visit, which was agreed between Xi and President Joe Biden last year at a meeting in Bali, had been initially planned for February but was postponed after the spy balloon incident in which the U.S. shot down a Chinese aircraft that Beijing insisted was a weather balloon that had strayed off course. Since then, there have been contacts between the U.S. and China, but they have been rare as tensions have risen over China's conduct in the South China Sea, aggressive actions toward Taiwan and suppor