Janet Yellen sees ‘more work to do’ as China talks end with no breakthrough

Four days of top-level economic meetings between the United States and China concluded in Beijing on Monday with no major breakthrough, but the world’s two largest economies agreed to hold more discussions to address rising friction over trade, investment and national security. The conversation is poised to become even more difficult, however, as hopes of … Read more

US China ties: Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks

President Joe Biden and Chinese President Xi Jinping discussed Taiwan, artificial intelligence and security issues Tuesday in a call meant to demonstrate a return to regular leader-to-leader dialogue between the two powers. The call, described by the White House as “candid and constructive,” was the leaders’ first conversation since their November summit in California produced … Read more

Beijing urges US to end ‘harassment’ of Chinese students

China’s public security minister urged the US homeland security secretary to stop alleged “harassment” of Chinese students entering the United States in a meeting between the two in Vienna, Beijing’s state media reported Monday. In a readout of talks Sunday between Wang Xiaohong and Alejandro Mayorkas, Beijing urged Washington “to stop harassing and checking Chinese … Read more

What US still needs to be wary of even as economic risks from internal factors recede

Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock – such as a conflict involving China – rather than from domestic economic factors such as higher interest rates. But respondents to a National Association of Business … Read more

Beijing hits out over Washington’s plan to send unofficial delegation to Taiwan after vote

Beijing has warned Washington that it will send the “wrong signals” to supporters of Taiwan independence if an unofficial delegation visits the self-ruled island following Saturday’s presidential election. Foreign ministry spokeswoman Mao Ning told reporters on Thursday that Beijing had expressed “strong dissatisfaction and resolute opposition” to what she called “irresponsible remarks” made by US … Read more

Xi Jinping elevates China’s ties with record number of nations to counter US

Chinese President Xi Jinping upgraded diplomatic ties with a record number of countries last year as he seeks to rally the Global South to help reshape the US-led world order. Beijing elevated the way it described ties with 17 countries and territories, most of them from the developing world, according to a Bloomberg analysis of … Read more