WASHINGTON: US Treasury Secretary Janet Yellen will travel to Beijing from Jul 6 to Jul 9 for meetings with senior Chinese officials on a broad range of issues, including US concerns about a new Chinese counterespion
, but analysts say the remark had little impact on efforts to improve ties.
"We seek a healthy economic relationship with China, one that fosters growth and innovation in both countries," the official said."We do not seek to decouple our economies. A full cessation of trade and investment would be destabilising for both our countries and the global economy." Yellen would underscore Washington's determination to strengthen its own competitiveness while responding with allies to what Washington calls"economic coercion" and unfair economic practices by China, the first official said.US-China ties no longer in freefall after Blinken’s visit, but can the rival powers fix deep differences?
"We have concerns with the new measure, and how it might apply, that it could expand the scope of what is considered by the authorities in China to be espionage activity," the official said, citing possible spillovers to the broader investment climate and the economic relationship.
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China complains to France after Chinese tourists hurt in Marseille riotsBEIJING: China's Consulate General in Marseille complained to France after a bus carrying a Chinese tour group in the southern city had its windows smashed leading to minor injuries, China's Consular Affairs Office said in a statement on Sunday (Jul 2). The Consulate General's formal complaint called for F
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Biden to travel to UK, NATO summit, FinlandWASHINGTON: US President Joe Biden will head to Europe in a week's time for a visit to Britain, the NATO summit, and talks in Finland with other Nordic leaders, the White House said on Sunday (Jul 2). Biden is set to depart on Jul 9 for Britain, and then head on to Lithuania's capital Vilnius for the
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China slaps consumption tax on fuel blending componentsBEIJING : China announced late on Friday that a series of fuel blending components would be subject to consumption tax with immediate effect, according to a joint statement of the Ministry of Finance and the State Taxation Administration.The consumption tax rate on isooctane, a blending component for gaso
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China new home prices edge down in June for second consecutive monthBEIJING : New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, according to a private survey.The average price of new homes in 100 cities fell 0.01
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China urges Netherlands to not abuse export control measuresBEIJING : China has urged the Netherlands to not hinder bilateral cooperation in the semiconductor industry and to not abuse export controls, China's Ministry of Commerce said in a statement.The statement was made in response to questions from the media, it said. It also said the two countries have commun
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Outrage in China after star goose kicked to death by woman at tourist siteThe woman claimed the bar-headed goose had frightened her child. Read more at straitstimes.com.
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