Tag

Economic Competition

All articles tagged with #economic competition

politicseconomics2 years ago•4 min saved

US Lawmakers Propose Measures to Counter China's Economic Dominance

The House Select Committee on the Strategic Competition Between the U.S. and the Chinese Communist Party (CCP) has released a report containing nearly 150 policy recommendations to reset the economic and technological competition between the two countries. The report aims to reset the terms of the economic relationship, prevent the flow of American capital and technology supporting China's military advances and human rights abuses, and enhance economic resilience with allies. It suggests countering unfair trade practices, reducing reliance on imports from China, pursuing WTO disputes, and pursuing bilateral trade agreements. The report also calls for increased transparency in U.S. companies' exposure to China and recommends legislation banning investment in PRC companies on U.S. sanctions and red-flag lists. Additionally, it emphasizes the need to restrict the flow of critical and emerging technologies and expand the authority of the Committee on Foreign Investment in the U.S. (CFIUS) to screen inbound investments from China.

via Fox Business|

#ccp #economic-competition #policy-recommendations

international-relations2 years ago•3 min saved

"Growing Concern: Americans Fear China's Rise Threatens US National Interest"

A new survey conducted by the Chicago Council on Global Affairs reveals that nearly three in five Americans consider China's rise as a critical threat to US interests, the highest level of concern since 1990. The survey highlights that many Americans believe US leaders are not adequately addressing issues such as intellectual property theft, economic competition, and China's role in global supply chains. While concerns about China's economic power and political system are prominent, Americans seem confident in US military supremacy. The survey also indicates a decline in trust in China's ability to handle global problems. As President Xi Jinping and President Joe Biden prepare to meet, experts suggest that a simple meeting is unlikely to change Americans' views on China without significant progress on issues important to the American people.

via South China Morning Post|

#china #economic-competition #international-relations

international-relations2 years ago•5 min saved

Navigating the Complexities: Biden and Xi Seek Clarity Amidst Chilled Relations

President Joe Biden and China's Xi Jinping are set to meet for talks on the sidelines of the Asia-Pacific Economic Cooperation summit. Both leaders have clear objectives for the meeting, with Biden focused on managing economic competition and preventing misunderstandings that could lead to conflict. He will defend US expansion of export controls on semiconductor chips and seek to reopen military-to-military communications with China. Biden will also address concerns about Chinese interference in the US presidential election and urge China to use its influence over Iran to prevent escalation in the Israel-Hamas conflict. Xi, on the other hand, wants assurances from Biden that the US will not support Taiwan independence, start a new cold war, or suppress China's economic growth. He will also seek rollbacks in tariffs and sanctions and aim to bolster confidence in China as a safe place to invest.

via Yahoo News|

#biden #economic-competition #international-relations

international-relations2 years ago•4 min saved

Navigating the Complexities: Biden and Xi Seek Clarity and Trust in a Tense Relationship

President Joe Biden and China's Xi Jinping are set to meet for talks on the sidelines of the Asia-Pacific Economic Cooperation summit. Both leaders have clear objectives for the meeting, including managing economic competition, preventing misunderstandings, reopening military-to-military communications, and addressing concerns over Taiwan and Iran. Biden aims to assure Xi that the US seeks a healthy economic relationship with China, while also warning against Chinese interference in the upcoming US presidential election. Xi, on the other hand, wants assurances from Biden that the US will not support Taiwan independence, start a new cold war, or suppress China's economic growth. Both leaders hope to bring stability to the US-China relationship, but major breakthroughs are not expected.

via The Washington Post|

#biden #economic-competition #international-relations

space-exploration2 years ago•3 min saved

China's Ambitious Roadmap for Solar System Resource Exploration

China has unveiled a road map to explore and exploit space resources in the solar system by 2100. The plan aims to economically mine and use water ice and mineral resources beyond Earth, with the goal of boosting the global space economy and propelling China's technological advancements. The proposed system involves utilizing gravitationally-balanced regions between celestial bodies as nodes for expansion. China plans to build facilities on the moon, near-Earth asteroids, Mars, main-belt asteroids, and the moons of Jupiter, creating a resupply system across the solar system. The plan also includes the development of technologies related to mining, processing, and low-cost resource return.

via South China Morning Post|

#china #economic-competition #mining

international-relations2 years ago•5 min saved

"Yellen's China Visit: Trade Battles, Traitors, and Diplomacy"

China hailed the recent visit of U.S. Treasury Secretary Janet Yellen as progress toward easing tensions, but serious disagreements remain over the ground rules for the trade relationship. China is unwilling to accept the terms of economic engagement being offered and will continue to strike back at what it sees as unfair trade restrictions imposed by Washington. China's dislike of the framing of "de-risking" makes it more likely to drive a hard bargain. China is engaging in measures to confront the U.S. economy, including export controls on critical metals and lessening its dependence on American manufacturers. The visit did not include a meeting with Chinese leader Xi Jinping, who visited the military branch in charge of enforcing Beijing's claims over Taiwan. China has rapidly expanded its framework of laws and regulations as a means to fight back should the tentative détente fail.

via The Washington Post|

#china #economic-competition #international-relations

politics2 years ago•1 min saved

G7 discusses China's role in global economy amidst debt standoff and supply chain concerns.

US Treasury Secretary Janet Yellen said that a growing China that plays by international rules is good for the US and the world, as long as the economic competition between the two countries is fair and sustainable through cooperation. Yellen made the comments during an interview with Bloomberg TV in Niigata, Japan, where she was attending a meeting of financial leaders representing the Group of Seven. She also mentioned that she has not yet met with her newest Chinese counterpart, Vice Premier He Lifeng, but expects to travel there soon.

via Fox Business|

#china #economic-competition #international-rules

politics2 years ago•3 min saved

Yellen urges constructive US-China relationship amidst tensions and national security concerns.

Treasury Secretary Janet Yellen called for better US-China relations and cooperation on global challenges while supporting economic restrictions on China to advance US national security interests. Yellen criticized China's business and human rights abuses in Xinjiang, Hong Kong, and Tibet but struck a conciliatory tone, saying that both countries can benefit from healthy economic competition. The relationship between the two countries has become increasingly strained due to China's growing ties with Russia and the discovery of a Chinese surveillance balloon in US airspace. Yellen said US national security is of paramount importance in the relationship with China and that the US is considering a program to restrict certain US outbound investments in specific sensitive technologies with significant national security implications.

via NBC News|

#economic-competition #human-rights-abuses #janet-yellen

politics2 years ago•3 min saved

Yellen emphasizes importance of security and fair competition in US-China relations.

Treasury Secretary Janet Yellen said that national security comes first in the U.S.-China economic relationship, and "targeted actions" taken by Washington are not meant to give the U.S. a competitive economic advantage over China. Yellen seeks a healthy economic relationship with China and needs to cooperate with it in key areas like debt overhang and climate change. She said a full economic split between China and the U.S. would be "disastrous". Yellen is planning to travel to China "at an appropriate time" for talks she hopes can help "lay the groundwork for responsibly managing our bilateral relationship and cooperating on areas of shared challenge to our nations and the world."

via NPR|

#debt-relief #economic-competition #janet-yellen

economy2 years ago•2 min saved

Yellen emphasizes need for constructive and fair US-China economic relationship.

Treasury Secretary Janet Yellen will call for a "constructive" and "healthy" economic relationship between the US and China in a speech at Johns Hopkins University's School of Advanced International Studies. Yellen will emphasize the importance of securing American national security interests and protecting human rights, while also stressing that targeted actions against China are aimed purely at protecting US national security. She will argue that competition between the US and China can lead to mutual improvement, but only if it is fair to both sides.

via The New York Times|

#economic-competition #economy #janet-yellen