Tag: East Asia

Russia’s Lavrov visits Beijing to discuss Ukraine war, Asia-Pacific situation 

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Russian Foreign Minister Sergey Lavrov arrived in Beijing on Monday to highlight diplomatic ties and to discuss the war in Ukraine and the situation in the Asia-Pacific region. The meeting between Lavrov and his Chinese counterpart, Wang Yi, comes as the two countries align on several issues and have increasingly been in disputes with democracies and NATO members. Lavrov’s visit will last until Tuesday and coincides with the end of U.S. Treasury Secretary Janet Yellen’s four days of talks in Beijing to speak with Chinese officials about economic issues. Yellen…

Sweden expels Chinese journalist, calling her threat to national security, report says

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Copenhagen, Denmark —  Sweden has expelled a Chinese journalist, saying the reporter was a threat to national security, Swedish media reported on Monday. The journalist, an unnamed, 57-year-old woman, was arrested by the Swedish security service in October and expelled by the government in Stockholm last week, Swedish broadcaster SVT reported. She is banned from returning. The woman arrived in the Scandinavian country some 20 years ago. She held a residence permit and was married to a Swedish man, with whom she has children, according to the broadcaster. The woman…

Yellen says US will not accept Chinese imports decimating new industries 

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BEIJING —  U.S. Treasury Secretary Janet Yellen warned China on Monday that Washington will not accept new industries being decimated by Chinese imports as she wrapped up four days of meetings to press her case for Beijing to rein in excess industrial capacity. Yellen told a media conference that U.S. President Joe Biden would not allow a repeat of the “China shock” of the early 2000s, when a flood of Chinese imports destroyed about 2 million American manufacturing jobs. She did not, however, threaten new tariffs or other trade actions…

US, Britain, Australia weigh expanding AUKUS security pact to deter China

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London —  The U.S., Britain and Australia are set to begin talks on bringing new members into their AUKUS security pact as Washington pushes for Japan to be involved as a deterrent against China, the Financial Times reported. The countries’ defense ministers will announce discussions Monday on “Pillar Two” of the pact, which commits the members to jointly developing quantum computing, undersea, hypersonic, artificial intelligence and cyber technology, the newspaper reported Saturday, citing people familiar with the situation. They are not considering expanding the first pillar, which is designed to…

China’s commerce minister due in Paris for EV talks

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Paris —  China’s Commerce Minister Wang Wentao is due in Paris Sunday for talks that are expected to cover China’s fast-growing export of cheap electric vehicles (EVs) into the European market. Four sources briefed on Wang’s trip told Reuters in late March that the discussions would focus on a European Commission investigation into whether China’s EV industry has benefited from unfair subsidies. European carmakers have a fight on their hands to produce lower-cost electric vehicles and erase China’s lead in developing cheaper models. The European Commission, the bloc’s executive arm…

China conducts ‘combat patrols’ as US holds drills with allies in disputed waters 

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Beijing, —  China conducted “combat patrols” Sunday in the South China Sea, its army said, the same day the Philippines, the United States, Japan and Australia held their first joint drills in the disputed waters. The maritime activities took place days before U.S. President Joe Biden was due to hold the first trilateral summit with the leaders of the Philippines and Japan, with growing tensions over the hotly contested South China Sea on the agenda. Beijing’s People’s Liberation Army (PLA) Southern Theater Command said it was organizing “joint naval and…

US, China need ‘tough’ conversations, Yellen tells Chinese Premier Li

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BEIJING —  U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on “a more stable footing” over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be partners, not adversaries, adding that “constructive progress” had been made during Yellen’s trip. Yellen said Washington and Beijing had a “duty” to responsibly manage the complex relationship, as she brought her case for…

US, China discuss economic issues on Yellen’s China tour

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TAIPEI, TAIWAN —  The United States and China have agreed to hold talks and create two economic groups focused on a wide range of issues — including addressing American complaints about China’s economic model, growth in domestic and global economies and efforts against money laundering — according to a statement released Saturday by the U.S. Treasury Department. The agreement comes on the second day of an official visit to China by U.S. Treasury Secretary Janet Yellen, during which she has urged Chinese leaders to change their domestic manufacturing policies. The…

China’s overcapacity results from state interference in markets, say analysts

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washington —  U.S. Treasury Secretary Janet Yellen is on a five-day visit to China, where she expressed concern to Chinese officials Friday about state subsidies that fuel manufacturing overcapacity in industries such as electric vehicles, solar panels and semiconductors. U.S. officials and economists have warned that China’s overcapacity — when its production ability significantly exceeds what is needed in markets — will further drive down prices and cost jobs, especially if China seeks to offload excess production through exports instead of domestic consumption. U.S. President Joe Biden, in a phone…

Taiwan earthquake rescuers face threat of landslides, rockfalls

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HUALIEN, Taiwan —  Rescuers in Taiwan faced the threat of further landslides and rockfalls in their search Friday for a dozen people still missing from this week’s earthquake, as the death toll rose to 12 and some of the stranded were brought to safety. Searchers discovered two more bodies after Wednesday’s quake of magnitude 7.2 struck the sparsely populated, largely rural eastern county of Hualien, stranding hundreds in a national park as boulders barreled down mountains, cutting off roads. As some 50 aftershocks rattled the area overnight, some felt as…