Day: July 2, 2023

How risky is travel to Hong Kong under the national security law?

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As a former resident and frequent traveler to the Hong Kong, R had never considered himself a political threat under the city’s national security law, which ushered in an ongoing crackdown on dissent when it was imposed three years ago. Until he was ushered into a small, windowless room at Hong Kong International Airport at the beginning of this year on arrival from his native Taiwan, and subjected to questioning and a full body search by both uniformed and plainclothes police. “Who do you know in Hong Kong?” his interrogators…

New Chinese foreign relations law targets businesspeople, journalists

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China has enacted a new foreign relations law that takes a broad view of what constitutes espionage in a move that may make China even harder to safely navigate for foreign journalists and businesspeople. The law – which came into effect on Saturday – appears to be an effort to provide a legal basis for punishing any individuals or organizations that threaten China’s interests, which may include any moves that suggest “de-risking” or “decoupling,” at least according to state media rhetoric over recent days. The law has also been interpreted…

Yellen to visit China in new US effort to ease tensions

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Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. US Treasury secretary Janet Yellen will visit China this week, becoming the second Biden cabinet official to travel to Beijing as the countries boost efforts to stabilise their turbulent relationship. Yellen will spend four days in Beijing for meetings with top Chinese officials and US business leaders, according to a senior Treasury official, who cautioned that the trip was unlikely to produce “significant breakthroughs”. The Treasury secretary will…

US Treasury secretary Janet Yellen to visit China to build ‘healthy’ ties with Beijing

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US Treasury secretary Janet Yellen will visit Beijing this week, marking the second trip by a cabinet official to China since ties between the world’s top two economies deteriorated earlier this year. Yellen is expected to discuss with her counterparts the importance for both countries “to responsibly manage our relationship, communicate directly about areas of concern, and work together to address global challenges”, said the Treasury Department in a statement on Sunday. Yellen’s planned trip from 6-9 July comes just weeks after secretary of state Antony Blinken met President Xi…

US Treasury Secretary Janet Yellen to visit China on Thursday for talks

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Yellen – who has long called for cooperation with China on global issues from debt relief to climate change – is visiting at a time of renewed exchanges between the two powers, following the low point of February’s balloon incident and with looming headwinds threatening the global economic recovery. In previous trade negotiations with Beijing, Yellen spoke often with then vice-premier Liu He. She also talked with Yi Gang, China’s central bank governor, in Bali, Indonesia in November. Advertisement In her speech in April, Yellen said the US seeks a…

Japan arms itself for global chip wars with $6.4bn state-backed deal

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Receive free JSR Corp updates We’ll send you a myFT Daily Digest email rounding up the latest JSR Corp news every morning. JSR, the Tokyo-based company that controls a critical link in the global semiconductor supply chain, will use a $6.4bn government-backed take-private deal to strengthen Japan’s arsenal in the US-China chip wars. The company last week accepted a surprise buyout offer from JIC — a fund overseen by Japan’s powerful Ministry of Economy, Trade and Industry (METI) and whose choice of buyout candidate is seen by three investors who…

Sudden state-backed deal for JSR set to consolidate Japan’s chip sector

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Receive free JSR Corp updates We’ll send you a myFT Daily Digest email rounding up the latest JSR Corp news every morning. JSR, the Tokyo-based company that controls a critical link in the global semiconductor supply chain, will use a $6.4bn government-backed take-private deal to strengthen Japan’s arsenal in the US-China chip wars. The company last week accepted a surprise buyout offer from JIC — a fund overseen by Japan’s powerful Ministry of Economy, Trade and Industry (METI) and whose choice of buyout candidate is seen by three investors who…

Yellen to Visit China in Bid to Steady Economic Ties

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Treasury Secretary Janet L. Yellen will travel to China on Wednesday, a high-stakes visit that is intended to help stabilize the fraught relationship between the world’s two largest economies. The trip to China will be Ms. Yellen’s first as Treasury secretary and follows Secretary of State Antony J. Blinken’s visit last month. It comes at a moment of tension between the United States and Beijing following the discovery of a Chinese spy balloon traversing America earlier this year and Chinese frustration with the Biden administration’s efforts to block China from…

Yellen set to visit Beijing in new US effort to ease tensions with China

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Receive free US-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest US-China relations news every morning. US Treasury secretary Janet Yellen will visit China this week, becoming the second Biden cabinet official to travel to Beijing as the two countries boost efforts to stabilise their turbulent relationship. Yellen will spend four days in Beijing for meetings with top Chinese officials and US business leaders, according to a senior Treasury official, who cautioned that the trip was unlikely to produce “significant breakthroughs”. Yellen is not…