Gina Raimondo, the secretary of commerce, issued a stern warning Tuesday to Chinese companies that might defy U.S. restrictions against exporting to Russia, saying the United States would cut them off from American equipment and software they need to make their products. The Biden administration could “essentially shut” down Semiconductor Manufacturing International Corporation or any Chinese companies that defy U.S. sanctions by continuing to supply chips and other advanced technology to Russia, Ms. Raimondo said in an interview with The New York Times. The United States, the European Union and…
Day: March 8, 2022
Companies Stay In China Despite Political Risks and Travel Limits
BEIJING — American companies are increasingly worried about coronavirus restrictions, regulatory issues and trade tensions with China, but have been cautious so far about moving production elsewhere, new figures show. American companies in China are as worried now about relations between the United States and China as they were when President Donald J. Trump’s trade war peaked in 2019, according to an annual survey released on Tuesday by the American Chamber of Commerce in China. A brief “Biden bump” in sentiment, when relations seemed as if they might improve after…
The Guardian view on China and Russia: enough in common | Editorial
Can China play peacemaker? That is the faint hope now being seized upon by western leaders desperate to end the bloodshed in Ukraine. “It has to be China,” said Josep Borrell, the UN foreign policy chief. Ukraine’s foreign minister, Dmytro Kuleba, has said that “China is interested in stopping this war”. On Tuesday, Xi Jinping made his strongest statement on the war yet as the French president and German chancellor met him virtually, calling for “maximum restraint” and saying that China was “pained to see the flames of war reignited…
Fiona Hill on the War Putin Is Really Fighting
ezra klein I’m Ezra Klein, and this is “The Ezra Klein Show.” [MUSIC PLAYING] If there is to be an off ramp in Ukraine, a deal, something to stop the fighting here, it’s going to need to be something that Putin, Zelensky, and the West can all agree on. And as hard as that kind of deal was to imagine a month ago, it is harder now, because — think about how all of the actors and factors here have changed. Vladimir Putin, he had a very optimistic view of…
U.N. Human Rights Chief to Visit China
GENEVA — The United Nations’ top human rights official said on Tuesday that China would allow her to visit the country and examine conditions there, including in the Xinjiang region, a startling twist after years of negotiations and stonewalling by Beijing. If the visit goes ahead in May as expected, the official, Michelle Bachelet, will be the first United Nations high commissioner for human rights in 22 years to visit China, which has faced repeated criticism for its human rights policies. The visit is not without risk for the high…
Chinese government adviser calls for law to ban ‘fake news’
An adviser to the Chinese government has called for new laws to ban “fabricating and disseminating fake information online”, blaming the rampant disinformation on the internet for polarising Chinese public opinion. Jia Qingguo, a member of China’s highest political advisory body, said he also believed the proliferation of misinformation online had fuelled tensions between China and foreign countries. “For example, there are often people online who, for some purpose, package a foreigner’s vicious remarks against China as the view of everyone in that country towards China in order to incite…
China’s state firms to pay US$260 billion in profits to help fund Beijing’s spending spree
China Investment Corporation, the sovereign wealth fund, and China National Tobacco Corporation, the world’s biggest cigarette maker, are among the financial institutions and monopolies that will pay surplus profits from previous years. Photo: Imaginechina South China Morning Post