Tag: United States

Extreme Heat Grips 3 Continents as Climate Change Warms Earth

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Punishing heat waves gripped three continents on Tuesday, breaking records in cities around the Northern Hemisphere less than two weeks after the Earth recorded what scientists said were likely its hottest days in modern history. Firefighters in Greece scrambled to put out wildfires, as parched conditions raised the risk of more blazes throughout Europe. Beijing logged another day of 95-degree heat, and people Hangzhou, another Chinese city, compared the choking conditions to a sauna. From the Middle East to the American Southwest, delivery drivers, airport workers and construction crews labored…

One Reason China Is Willing to Engage Again: Its Troubled Economy

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Three months ago it appeared that China’s economy was on track to recover relatively quickly after being closed off to the world during the pandemic. Consumers were spending again. Exports picked up. Even China’s beleaguered housing market gave hints it was stabilizing. That is no longer the case. Official data released Monday revealed that the annual pace of growth in China’s economy tumbled to just a little over 3 percent in the spring, well below the government’s target. Now the faltering economy appears to have helped prompt a shift in…

Kerry Says U.S. and China Must Set Aside Politics to Tackle Climate Change

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The United States and China are running out of time to avert a harrowing future brought on by global warming, John Kerry, President Biden’s envoy for climate change, warned on Monday at the resumption of talks with Beijing that had stalled for nearly a year amid geopolitical tensions. Mr. Kerry challenged the Chinese government to curb the rapid expansion of its fleet of coal-fired power plants and said the rest of the world is looking to the two economic powers and major polluters to urgently reduce greenhouse gas emissions from…

What Happens When You Ask a Chinese Chatbot About Taiwan?

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“How does the United States affect the situation in Taiwan?” Ernie ducked the question about China’s “zero Covid” restrictions, offering a lengthy description of the policy instead. When asked to recount the events of June 4, 1989, the chatbot rebooted itself. A message popped up on the reloaded interface: How about we try a different topic? The Chinese chatbot said Russia’s president, Vladimir V. Putin, did not invade Ukraine, but “conducted a military conflict.” The strange phrasing was broadly in line with China’s official stance, which has refused to condemn…

Vetoes in U.N. Security Council Imperil Cross-Border Humanitarian Aid to Syria

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The United Nations Security Council on Tuesday failed to adopt two rival resolutions to extend cross-border aid deliveries into northern Syria from Turkey, effectively cutting off a vital lifeline to about 4.1 million people in opposition-held territories. Russia vetoed a bid put forth by Brazil and Switzerland to extend one resolution for nine months, a compromise from an initial 12-month extension called for by the United Nations and international aid agencies. A second resolution put forth by Russia for a six-month extension was vetoed by Britain, France and the United…

Janet Yellen’s Trip to China: 3 Takeaways

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The deep chill between the United States and China moderated a little over the past few days as Treasury Secretary Janet L. Yellen held marathon talks with a new group of top economic policymakers in Beijing. Ms. Yellen used softer language for America’s economic strategy toward China, disavowing a term that had caught on in Washington but offended Beijing. Yet even though more talks are a likely outcome of Ms. Yellen’s trip to China, neither she nor Chinese officials retreated from their policy positions. That left the two sides facing…

How Much Debt Does China Have?

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China, which has lent nearly $1 trillion to some 150 developing countries, has been reluctant to cancel large debts owed by countries struggling to make ends meet. That is at least in part because China is facing a debt bomb at home: trillions of dollars owed by local governments, their mostly off-the-books financial affiliates, and real estate developers. One of the main issues for Treasury Secretary Janet L. Yellen during her visit to Beijing this week is whether she can persuade China to cooperate more to address an evolving debt…

Chips Make It Tough for the U.S. to Quit China

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In May, Micron Technologies, the Idaho chipmaker, suffered a serious blow as part of the U.S.-China technology war. The Chinese government barred companies that handle crucial information from buying Micron’s chips, saying the company had failed a cybersecurity review. Micron said the change could destroy roughly an eighth of its global revenue. Yet in June, the chipmaker announced that it would increase its investments in China — adding $600 million to expand a chip packaging facility in the Chinese city of Xian. “This investment project demonstrates Micron’s unwavering commitment to…

Yellen Urges China to Cooperate More on Climate Finance

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The Biden administration called on China on Saturday to do more to help developing countries combat climate change, urging the world’s largest emitter of greenhouse gases to back international climate finance funds that it has so far declined to support. Treasury Secretary Janet L. Yellen delivered the message during her second day of meetings in Beijing, where she is seeking to cultivate areas of cooperation between the United States and China. While China has expressed support for programs to help poor countries cope with the effects of climate change, it…

Janet Yellen Criticizes China’s Treatment of U.S. Companies

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Treasury Secretary Janet L. Yellen on Friday criticized the Chinese government’s harsh treatment of companies with foreign ties and its recent decision to impose export controls on certain critical minerals, suggesting that such actions justify the Biden administration’s efforts to make U.S. manufacturers less reliant on China. Ms. Yellen delivered the forceful defense of American industry on her first day of meetings in Beijing during a high-stakes trip to ease tension between the United States and China. Her comments, to a group of executives from American businesses operating in China,…