All articles tagged with #us china talks
Chinese shares in Hong Kong entered a bull market driven by optimism from US-China trade talks and renewed confidence in China's tech sector, with the HSCEI up over 20% this year, despite lingering geopolitical tensions.
U.S. Treasury Secretary Janet Yellen announced that the U.S. and China will engage in "intensive exchanges" to address American concerns about Beijing's economic model and trade practices, particularly regarding manufacturing overcapacity and subsidies for green technologies. The talks aim to create a structured dialogue to find a way forward that avoids conflict and will also cover issues such as balanced economic growth and combating money laundering. Yellen also mentioned the possibility of tariffs in response to China's heavily subsidized manufacturing of green energy products, as the U.S. seeks to boost its domestic manufacturing capabilities and maintain national security.
China escalated military pressure on Taiwan by sending over 30 warplanes and six navy vessels toward the island, coinciding with the announcement of upcoming talks between the U.S. and China. The Chinese People’s Liberation Army's actions come amidst heightened tensions over Taiwan's political activities and the election of a new president who campaigned on self-determination and a rejection of China's threats. The U.S. and China are expected to meet in Bangkok to discuss Taiwan, U.S.-China relations, and international concerns, including tensions in the Red Sea.
Beijing increases military pressure on Taiwan ahead of US-China talks, Italy, Canada, Australia join US in pulling funding for UN Palestinian agency investigating employees suspected of involvement in Hamas attacks, Houthi rebels fire missile at US warship in Gulf of Aden, Elon Musk's social network X spreads graphic execution videos from Ecuador, facing probe over spread of toxic content in EU.
As global temperatures continue to rise, the world is experiencing extreme weather events such as wildfires and floods. The two largest polluters, the United States and China, are engaging in climate talks to address the climate crisis. Record-breaking temperatures, wildfires, and flooding have been observed in various countries. The World Health Organization director-general emphasizes the urgency of taking action. China is facing threats to power grids and crops due to prolonged high temperatures, while South Korea is dealing with deadly flash floods. Europe braces for another heatwave, potentially breaking temperature records. Scientists warn that climate change will make heatwaves more frequent and severe. The health risks associated with extreme heat are a major concern, particularly for vulnerable populations. The world is entering uncharted territory as heatwaves become more common.
The Russian Defense Ministry has denied reports of Ukrainian forces breaching the front lines, claiming the military situation remains under control amid speculation of Kyiv's anticipated counteroffensive. Parties in the Black Sea Grain Initiative are approaching an extension. Ukrainian President Volodymyr Zelenskyy approved a plan to overhaul his country's criminal and legal enforcement systems, in a bid to clinch Kyiv's expedited accession to the European Union. US and Chinese officials met for two days in Vienna to discuss a range of topics, including Russia's war in Ukraine, amid tensions between the world's two largest economies. G7 members export approximately $4.7 billion a month to Russia, which is about 43% of what they did prior to the Kremlin's full-scale invasion of Ukraine.
Japanese companies are expected to mark the biggest wage hikes in 31 years with average wages to rise by 3.89% in 2023; Malaysia's first quarter gross domestic product grew by 5.6% year on year, higher than the 4.8% predicted by economists in a Reuters poll; China's foreign minister Qin Gang will visit Australia in July; Taiwan electronics contract manufacturer Foxconn saw its first-quarter net profit tumble by 56% to 12.83 billion Taiwanese dollars ($417.2 million); U.S. and Chinese officials met for two days in Vienna to discuss a range of topics, including Russia's war in Ukraine.
US and Chinese officials met in Vienna to ease existing strains between the two countries, giving Asia investors a fresh reason to be bullish. The meeting set the stage for a possible call between President Joe Biden and Chinese President Xi Jinping. Market impact may be short-term, according to OCBC's Xie. RBC's Tan sees TSMC/Nasdaq semis index relationship as a proxy.
US and Chinese officials held two-day talks in Vienna to discuss Russia's war in Ukraine and other key issues in the US-China bilateral relationship. The White House aims to keep open communication with China despite tensions between the two countries. The US has tried to deter Beijing from providing weapons or other support for Moscow's war effort. The two sides agreed to continue the "strategic channel of communication" and build on the meeting between Biden and Chinese President Xi Jinping in Bali last year. The US is also facing the possibility of defaulting on its debt, which could weaken its national security and give Russia and China an opportunity to take advantage.