List of All Articles with Tag 'china'

Goldman Sachs Group Inc. became the latest bank to cut their forecasts for China’s economy, citing limited options

Oil edged lower following its first weekly gain this month, as investors start to focus on the outlook

By Sarah Marsh and Andreas Rinke BERLIN Chancellor Olaf Scholz faces a delicate balancing act this week at

China’s move to ramp up stimulus measures to boost its economy is providing little fillip for the yuan,

Chinese homeowners are losing conviction in their decades-long belief that property is a reliable store of wealth, undermining

Ford Motor Executive Chairman Bill Ford said the United States was not ready yet to compete with China

To understand the challenges China faces in trying to encourage the uptake of electric cars in its vast

Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in

Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most

Transportation Secretary Pete Buttigieg said the US must take steps to cut into China’s advantage in batteries used

By Martin Quin Pollard U.S. Secretary of State Antony Blinken began two days of talks in Beijing on

US secretary of state Antony Blinken has arrived in Beijing in the highest level visit between the two countries in years, amid heightened tensions that have kept the world on edge. Mr Blinken is the highest-level US official to visit China in since Joe Biden took office and first US secretary of state to do so in five years, as he is tasked to open communication with Beijing on an array of highly crucial issues like trade with Taiwan, Chinese surveillance and the Ukraine war. The US secretary of state arrived in Beijing on Sunday morning for the two-day, visit where he is set to meet senior Chinese officials. He will be meeting Chinese foreign minister Qin Gang, top diplomat Wang Yi, and possibly president Xi Jinping on Monday, according to US officials. Mr Biden and Mr Xi agreed to Mr Blinken‘s trip early at a meeting last year in Bali. The discussions are expected to cover a wide range of contentious issues that have strained bilateral ties and have significant implications for global security and stability. Among the topics on the agenda are trade relations with Taiwan, human rights concerns in China, the situation in Hong Kong, Chinese military assertiveness in the South China Sea, and Russia’s actions in Ukraine. US officials have said on Friday before Mr Blinken’s visit that would raise each one of these concerns. However, chances of a breakthrough remain slim as both sides have not shown any flexibility on changing their stands. But there have been hints about reducing tensions from both sides. In a meeting with Microsoft Corporation co-founder Bill Gates on Friday, Mr Xi said the US and China can cooperate to “benefit our two countries”. “I believe that the foundation of Sino-US relations lies in the people,” Mr Xi said to Mr Gates. “Under the current world situation, we can carry out various activities that benefit our two countries, the people of our countries, and the entire human race.” China also hosted Elon Musk recently in what was seen as a bid by China to improve business relations with the US. Mr Biden told White House reporters on Saturday he was “hoping that over the next several months, I’ll be meeting with Xi again and talking about legitimate differences we have, but also how ... to get along”. The two leaders are likely to attend the next G20 summit, in September in New Delhi, and Mr Xi has been also invited to attend the Asia-Pacific Economic Cooperation (APEC) grouping in San Francisco this year. Ahead of the visit, Mr Blinken emphasised the importance of the US and China establishing and maintaining better lines of communication. The US wants to make sure “that the competition we have with China doesn’t veer into conflict” due to avoidable misunderstandings, he told reporters. Mr Biden and Mr Xi had made commitments to improve communications “precisely so that we can make sure we are communicating as clearly as possible to avoid possible misunderstandings and miscommunications,” Mr Blinken said on Friday. The much-anticipated trip comes after a series of hiccups and delays. The trip was initially planned for February but faced delays due to escalated tensions between the US and China over the surveillance balloons. Additional reporting by agencies Read More Biden calls spy balloon ‘embarrassing’ for China ahead of Blinken talks in Beijing China calls hacking report 'far-fetched' and accuses the US of targeting the cybersecurity industry Biden criticised for suggesting bridge ‘across the Indian Ocean’ China condemns EU Parliament's resolution on Hong Kong's shrinking freedoms Taiwanese foreign minister asks for support from European countries to maintain peace, stability China's foreign minister airs concerns in phone call with Blinken ahead of planned visit