Tag: USA

Treasury Secretary Yellen to visit China for high-level talks

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Treasury Secretary Janet Yellen travels to China this week for high-level talks aimed at further stabilizing financial and economic ties between the world’s two largest economies. During the visit, she is also expected to press China on subsidies for clean energy and industrial overcapacity that she recently noted “hurts American firms and workers, as well as firms and workers around the world.” The April 3-9 trip is Yellen’s second to China and comes a day after U.S. President Joe Biden and Chinese leader Xi Jinping spoke in a phone call…

Chinese state, social media echo Russian propaganda on concert hall attack

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Taipei, Taiwan —  Specious theories designed to implicate Ukraine and the United States in connection with the late March terror attack in Russia are spreading on China’s state media outlets and on its heavily censored social media platform Weibo. False claims that paint Kyiv and Washington as masterminds of the attack have fueled debate in Russia even after Islamic State-Khorasan — also known as IS, IS-K, ISIS and Daesh — claimed responsibility for killing at least 143 people and injuring nearly 200 at the Crocus City Hall music venue in…

Biden, Xi hold ‘candid and constructive’ call

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On a call Tuesday, President Joe Biden discussed with Chinese President Xi Jinping a range of high-level issues and reiterated his request that China not use web-based disinformation tools to interfere with the U.S. presidential election. The two leaders also discussed Taiwan – the island China claims – as it prepares to inaugurate a new leader next month. VOA’s Anita Powell reports from Washington. Voice of America

Exiled Chinese businessman Guo Wengui must face US fraud indictment

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new york —  A U.S. judge on Tuesday rejected exiled Chinese businessman Guo Wengui’s bid to dismiss an indictment accusing him of defrauding thousands of investors out of more than $1 billion. U.S. District Judge Analisa Torres in Manhattan said prosecutors sufficiently alleged that Guo engaged in a pattern of racketeering through four fraud schemes, and that proving it was a matter for trial. Lawyers for Guo did not immediately respond to requests for comment after business hours. Guo has pleaded not guilty to 12 criminal charges including securities fraud,…

Biden tells China’s Xi to stay out of US elections

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Washington —  President Joe Biden again warned Chinese President Xi Jinping against meddling in the November U.S. presidential election during the two leaders’ phone call Tuesday. The call is part of U.S. efforts to maintain “open lines of communication to responsibly manage competition and prevent unintended conflict,” the White House said. In various engagements, the U.S. has raised its “continual reinforcement of concern” against Chinese election interference, a senior administration official told reporters in a Monday briefing previewing the call. Biden last raised the issue in his meeting with Xi…

Taiwan’s Navy Chief to Visit US Next Week, Sources Say

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Taiwan’s navy chief, Tang Hua, will visit the United States next week to attend a military ceremony and discuss how to boost bilateral naval cooperation as China raises threats toward the island, six people briefed on the trip said. While Taiwan and the United States have a close relationship, it is unofficial, as Washington formally recognizes China, not the democratically governed island that Beijing claims as its own territory. Taiwan rejects China’s territorial claims. The six security sources said Tang would visit Hawaii, home of the U.S. Indo-Pacific Command, for…

US, Argentina to Cooperate, Combat Illegal Chinese Fishing

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Panama City —  Starting next month, the U.S. Coast Guard and Argentine Navy will begin conducting joint exercises aimed at combating illegal Chinese fishing in the Atlantic Ocean. Argentina, Chile and Peru have criticized Chinese-operated craft for large-scale invasive fishing in their territorial waters without regulation, which the South American countries say is depleting fish stock and damaging the natural biodiversity of the southwest Atlantic. It is a key nesting area for seabirds and feeding area for marine mammals. The Coast Guard will send its destroyer, the USS James, to…

Yellen Warns She’ll Confront China on Its Energy Subsidies

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washington —  U.S. Treasury Secretary Janet Yellen said Wednesday that Chinese subsidies for clean energy industries create unfair competition that “hurts American firms and workers, as well as firms and workers around the world.” Yellen said that during a visit she has scheduled to China, she intends to warn China its national underwriting for energy and other companies is creating oversupply and market distortion, among other problems. “I intend to talk to the Chinese when I visit about overcapacity in some of these industries, and make sure that they understand…

Chinese President Xi Meets With US Executives as Investment Wanes

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BEIJING —  China’s President Xi Jinping met American business leaders at the Great Hall of the People in Beijing on Wednesday, as the government tries to woo back foreign investors and international firms seeking reassurance about the impact of new regulations. Beijing wants to boost growth of the world’s second-largest economy after foreign direct investment shrank 8% in 2023 amid heightened investor concern over an anti-espionage law, exit bans, and raids on consultancies and due diligence firms. Xi’s increasing focus on national security has left many companies uncertain where they…

Critics Slam Apple CEO Tim Cook for Laudatory Remarks in China

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Washington —  Tim Cook, CEO of the American technology giant Apple, is facing criticism at home over laudatory remarks he made about China during a recent visit to try to boost sagging iPhone sales in the lucrative market. Cook was in Shanghai for the opening of China’s largest Apple retail store on Friday and met with Chinese political and business people. He praised China for being “so vibrant and so dynamic,” in remarks widely quoted by state media and Foreign Ministry spokesperson Hua Chunying. The new Apple store took seven…