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The Latest Breaking News from Liu He

Yellen, Premier Li Express Hope For US-China Cooperation

US Treasury Secretary Janet Yellen and Chinese Premier Li Qiang sounded a hopeful note on bilateral relations at the start of their Sunday meeting in Beijing.

International Business Times

China's Vice Premier Urges Support for Listed Firms Amid Market Rout

China's Vice Premier calls for increased support for listed firms in the midst of a market downturn, highlighting the importance of bolstering the economy.

Top News

Yellen says US-China ties on ‘surer footing’ after critical trip

U.S, Treasury Secretary Janet Yellen struck a positive but pragmatic tone after completing a high-stakes trip to China, even as she pressed officials in Beijing on a range of “unfair” economic practices.

Tribune News Service

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Yellen says US doesn’t want ‘winner take all’ fight with China

U.S. Treasury Secretary Janet Yellen said competition between the world’s biggest economies is not a “winner-take-all” situation, and called for both sides to manage their rivalry with a fair set of rules.

Tribune News Service

Yellen heads to China this week advancing US bid to fix ties

WASHINGTON — U.S. Treasury Secretary Janet Yellen will travel to Beijing on July 6-9, becoming the second member of President Joe Biden’s cabinet to head to the Chinese capital in recent weeks, as the world’s two largest economies look to mend ties after a spate of bilateral tensions.

Tribune News Service

China finance veteran Zhu set to head central bank- sources

A career banker and head of a state-run financial conglomerate, Zhu Hexin, is likely to become governor of China's central bank after next month's annual session of parliament, according to people familiar with the matter.

Reuters

Blinken eyes balloon détente in possible meeting with Chinese counterpart

A failure to meet would indicate how serious the diplomatic rift actually is.

Axios

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Editorial: The Urgent Need for Global Cooperation

In an increasingly divided world where countries are moving away from global supply chains, there’s a pressing need to continue strengthening international cooperation to address challenges such as recession risks and climate change

Caixin Global

Top Stories of the Month: The Questions Hanging Over Ant Group

Following the startling suspension of its would-be record-setting $34.5 billion IPO in November 2020, the fintech company was plunged into an extensive restructuring that has been ongoing for the past two years as regulators clamp down on misconduct in the industry

Caixin Global

China's first African debt rodeo is playing out in a land-locked country bigger than Texas

China is new to painful negotiations about taking a haircut on any of its loans.

Axios

Australia's defence and diplomacy straddles space between China and the United States

Davos, defence spending and China

Newcastle Herald

Can China Pull Off Its Charm Offensive?

Why Beijing’s foreign-policy reset will—or won’t—work out.

Foreign Policy

Davos 2023: China reopening? Good for growth, but tread with caution

China's declaration that it is open for business was welcomed by attendees at the World Economic (WEF) as a likely boost to global growth, though many also expressed caution over how it could drive up global COVID-19 cases and inflation.

Reuters

Davos 2023: Key takeaways from the World Economic Forum

Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will tackle its biggest issues in 2023.

Reuters

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The Guardian - UK

China’s future to AI and jobs: five big questions from Davos

From the threat of AI weaponising spam to a trade war sparked by green subsidies, the taxing topics at this year’s World Economic Forum

Reuters

U.S. Treasury team heading to China in February to prepare Yellen's trip -sources

A team of U.S. Treasury officials will visit China in February to prepare for a visit by U.S. Treasury Secretary Janet Yellen, two sources familiar with the plans told Reuters on Thursday.

The Independent UK

Yellen kickstarts Biden administration visits to Africa

The Biden administration’s big push to engage more with Africa is underway as Treasury Secretary Janet Yellen begins a 10-day visit aimed at promoting all the economic possibilities that lie between the U.S. and the world’s second-largest continent

Reuters

Deeper ties on Yellen's mind as U.S begins year of African engagement

U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent.

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Tribune News Service

Yellen to visit Beijing in further sign of US-China thaw

Plans are under way for U.S. Treasury Secretary Janet Yellen and her Chinese counterparts to hold meetings in Beijing and Washington later this year, continuing the governments’ efforts to ramp up face-to-face engagement to improve ties.

Fortune

China reopening could lead to a global inflationary surge, Norway wealth fund executive warns

China's reopening has come as welcome news for markets, but it could also cause a global inflationary surge.

Axios

Yellen plans first trip to China as Treasury secretary

The trip is the latest effort by both countries to improve relations and avoid misunderstandings.

Fortune

Economic historian Niall Ferguson says de-globalization is 'a mirage'

The worldwide use of software like TikTok undercuts the idea of de-globalization, he argues.

Caixin Global

Shanghai Composite Index Ended Nearly Flat on Wednesday

Shenzhen Component Index closed up 0.09%

The Independent UK

US-China officials to meet on economy, aim to ease tension

U.S. Treasury Secretary Janet Yellen is set to sit down with her Chinese counterpart in Switzerland on Wednesday

Tribune News Service

US-China trade is close to a record, defying talk of decoupling

Trade between the U.S. and China is on track to break records, a signal of resilient links between the world’s top economies amid the heated national security rhetoric in Washington and fears of “decoupling.”

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