Key takeaways: Retail sales in China have seen a 10.6% increase in March from the same period last year. Urban unemployment rate for people aged…
Posts tagged as “Beijing”
After days of heavy rainfall, the floodwaters have receded in Beijing's suburbs, leaving extensive damage in its wake. This includes a train carrying 900 passengers that got stuck in the outskirts of the city, as well as closed scenic spots, shut down subway lines, and canceled or delayed hundreds of flights. The government has yet to release an estimate of the damage, but authorities are continuing to work to clear the debris and restore the affected areas.
Beijing was hit by record rainfall on Monday, resulting in two bodies being recovered from waterways, tens of thousands of people being evacuated from their homes, and a massive sinkhole opening outside a shopping mall. The downpour also affected the neighboring city of Tianjin and Hebei province, raising questions about what is driving the extreme weather.
On Thursday, Chinese President Xi Jinping met with veteran U.S. diplomat Henry Kissinger to celebrate his historic contribution to promoting China-U.S. relations. President Xi praised Kissinger's role in the 1972 trip to China, which laid the groundwork for the formalization of relations between the two countries in 1979. Kissinger expressed his appreciation for the friendship between the two countries, emphasizing the importance of maintaining friendly relations.
Treasury Secretary Janet Yellen recently visited Beijing to discuss setting relations between the U.S. and China on a "surer footing". Yellen noted that the two countries have significant disagreements, but the Biden administration does not see the relationship as a zero-sum game. She said that the two countries must communicate their disagreements clearly and work together to address shared global challenges, while considering curbs on U.S. investment in China. Yellen urged the two countries to find common ground and build trust through dialogue and cooperation.
Treasury Secretary Janet Yellen has defended the United States' actions to protect its national security in a meeting with Chinese Premier Li Qiang, citing the U.S.'s October announcement of sweeping export controls and China's recent measures to restrict the export of two metals used in chip manufacturing. Despite some friction, Yellen said the U.S. is committed to working with China to promote a more open, balanced, and mutually beneficial economic relationship.
Treasury Secretary Janet Yellen has arrived in Beijing for a four-day visit, the first high-level meeting between the U.S. and China since tensions began to escalate. This visit marks a thaw in ties between the two countries and presents an opportunity to communicate and collaborate on global challenges. Yellen's visit is expected to focus on economic issues, including the global economic recovery, the U.S.-China trade relationship, and the Biden administration's plans for economic stimulus.
Treasury Secretary Janet Yellen is visiting China this week to discuss the implications of recent laws passed by China on U.S. citizens and businesses, with the aim of improving the relationship between the two countries. These laws include a counterespionage law, a Foreign Relations Law, and the sentencing of a U.S. citizen to life in prison on spying charges. Yellen's visit is expected to focus on the importance of the two countries to global economic stability.