Beijing sent the first messaging salvo ahead of the Steven Mnuchin-led delegation to China (which will engage in trade talks over May 3-4) overnight when the PBOC fixed the yuan sharply lower than many expected. The signal was clear: push us hard enough, and we may just launch another devaluation. Or worse.
A little while later, Beijing did its best attempt at managing expectations, when it said that it’s “unrealistic” to expect to solve all issues between the U.S. and China at a single meeting, given the economic sizes of the two countries and their complex economic and trade relationship, foreign ministry spokeswoman Hua Chunying says at daily briefing.
While Hua tried his best to pay the diplomatic “good cop”, saying it was in the mutual interest of both countries to solve trade issues through consultation, just a few hours later, China’s foreign minister Wang Yi was the bad cop, who warned that whereas China would welcome a successful outcome from upcoming trade talks with the United States, it is “fully prepared for all outcomes and will not negotiate on core interests.”
Yesterday, China vowed to fulfill its duties as part of the United Nations’ latest effort to curb North Korea’s nuclear intentions… but we’re not convinced.
The U.S.-sponsored Resolution 2371, which passed with unanimous support from all 15 UN council members on Saturday (Aug. 5), was drafted with the purpose of hitting Kim Jong Un’s regime where it will hurt the most: trade.
Specifically, the latest batch of North Korea sanctions will bar North Korean exports of several key commodities – including lead, lead ore, iron, iron ore, coal, and seafood. These restrictions, in turn, will deny the country an estimated $1 billion in exports annually – equivalent to about one-third of its total trade with the outside world per year. Continue reading
Vessel was launched on Wednesday amid rising tension over North Korea and regional worries about Beijing’s assertiveness in the South China Sea.
China launched the carrier on Wednesday amid rising tension over North Korea and regional worries about Beijing’s assertiveness in the South China Sea and its broader military modernisation programme. Continue reading
King Salman Bin Abdul-Aziz of Saudi Arabia is leading an entourage, including 25 senior princes and 10 ministers, to China later this month, part of a month-long tour of the Asia-Pacific, as the kingdom is seeking to hedge against an unpredictable and divided White House.
While it yearns for a renewed American role in the Middle East and reassurances from President Trump that Riyadh remains an ally, Saudi Arabia now faces a period of uncertainty due to the unpredictability of Trump’s foreign policy stance. That reason alone could explain why a trip to Beijing was planned before a trip to Washington.
Despite its efforts at economic diversification, Saudi Arabia will remain dependent on oil exports for a long time, and China provides the kingdom with a stable market for its energy exports for decades to come. Continue reading
China has broken its silence and has advised North Korea to suspend its nuclear missile program to avoid calamity with the US
(WASHINGTON, DC) Beijing has called on North Korea to suspend its nuclear and missile activities to avoid a “head-on collision” with the US and South Korea. In exchange, Washington and Seoul should halt drills, Chinese Foreign Minister Wang Yi said. Continue reading
Japan told China on Wednesday its ships must stop violating Japanese territory in the East China Sea after a long-standing maritime row intensified this month.
The admonition came in a meeting between Japanese Foreign Minister Fumio Kishida and his Chinese counterpart Wang Yi. Continue reading
The two nations pledge to work together in hosting upcoming G20 and BRICS summits, and to cooperate more on economic and security matters
China and India vowed to enhance their bilateral ties and to cooperate in hosting the upcoming Group of 20 (G20) summit in Hangzhou as well as another meeting between emerging-market nations.
The pledge was made at a meeting between Chinese Foreign Minister Wang Yi and Indian Prime Minister Narendra Modi in New Delhi on Saturday. Continue reading
On April 29, Russia’s Foreign Minister Sergei Lavrov and his Chinese counterpart Wang Yi issued a joint statement objecting to the contemplated deployment in South Korea of the U.S. Theater High Altitude Area Defense [THAAD] missile interceptor system. Continue reading
Russia and China teamed up to issue a stern warning to the United States today.
At a joint conference, Russian Foreign Minister Sergei Lavrov and his Chinese counterpart, Wang Yi, both called on Washington to halt installation of the Terminal High-Altitude Area Defense, or THAAD, system in South Korea. Continue reading
On Oct. 20, President Barack Obama authorized the US Pacific Command to send warships into the South China Sea, most of which is claimed by China. On Tuesday, the destroyer USS Lassen “conducted a transit” within 12 nautical miles of Subi Reef in the Spratly archipelago. The aircraft carrier USS Theodore Roosevelt was also sent to monitor the mission.
US officials noted that the US vessel would have been in an area considered Chinese sovereign territory if the US recognized the islands as belonging to China.
China strongly objected the US actions, with the Chinese foreign ministry, foreign minister Wang Yi, the Chinese embassy in Washington, and the country’s official Xinhua news agency all condemning the move. Continue reading
CHINA could be on the verge of teaming up with Russia to unleash its military might in Syria and destroy Islamic State (ISIS).
Russia has carried out a series of deadly airstrikes against the terrorist group over the last few days and Vladimir Putin has now sent the country’s most elite special forces team into the war zone.
And speculation is heightening that offensive will be bolstered by the China’s People’s Liberation Army, following a number of reports of military movements in the region backed up by strong words from a senior government member at a United Nations meeting.
The J-15 warplanes will take off from the Chinese Liaoning-CV-16 aircraft carrier, which reached Syrian shores on Sept. 26 (as debkafile exclusively reported at the time). This will be a landmark event for Beijing: its first military operation in the Middle East as well the carrier’s first taste of action in conditions of real combat.
Thursday night, China’s foreign minister Wang Yi, made this comment on the Syrian crisis at a UN Security Council session in New York: “The world cannot afford to stand by and look on with folded arms, but must also not arbitrarily interfere (in the crisis).” Continue reading
China and Iran agreed on Sunday to continue to boost bilateral relations and cooperation. Chinese Foreign Minister Wang Yi met with Iranian counterpart Mohammed Javad Zarif in Tehran to explore how the two nations could strengthen ties.
A world is moving on and pushing America out of the picture.
Indian foreign minister Sushma Swaraj, Russian foreign minister Sergey Lavrov and Chinese foreign minister Wang Yi met in Beijing on Jan. 2 for the 13th Russia-India-China (RIC) summit to discuss how, as three countries with major influence on global affairs and with emerging domestic markets, they can work together to ensure global and regional peace and stability as well as pushing forward global economic growth.
From his 2012 presidential campaign onwards, Putin has tied his ambitions for Russia’s economy to the Russian Far East’s trade with China and the Asia-Pacific region. Relations between China and Delhi, which have at times been subject to tensions over ongoing territorial disputes, have also matured to enable mutual respect, despite the Indian press’s continuing reports on movements of both countries’ armies in northern Tibet and Indian-controlled Ladakh. Continue reading
Although a great article, the author seems to whitewash the intentions behind China’s global military expansion as if it won’t be a threat. It seems to be strangely forgotten how the United States started going global: Protecting its economic and political interests. Though it’s gone wayward the last few years, the U.S. had well-intended interests and goals in mind whereas the Chinese don’t and never did. You can tell by looking at its own domestic affairs and how it handles them — the crackdown on the current civil unrest in Hong Kong or its infamous Tiananmen Square murder. However, you can decide for yourself who would be better in leading the world.
The burgeoning need to protect commercial assets and Chinese nationals abroad will inevitably lead Beijing to develop new military capabilities and take on missions further afield.
THE CHINESE armed forces are on the move—but to where? For over a decade, academics, policy wonks and government officials have been engaged in a relentless debate about Beijing’s military capabilities and intentions. To some, China is an expansionist country akin to Wilhelmine Germany. Others argue that while China’s assertive behavior in its regional island disputes is disconcerting, the Chinese Communist Party (CCP) is completely focused on domestic stability and therefore lacks global ambition.
This debate about current Chinese capabilities and intentions is widespread, fervent—and beside the point. While the Chinese leadership would prefer to stay focused on internal development and regional issues, facts on the ground will increasingly compel the CCP to develop some global operational capabilities. Specifically, the burgeoning need to protect commercial assets and Chinese nationals abroad will lead the country to develop some global power-projection capabilities, regardless of its current plans. Even though the Chinese leadership will embark on this path with very limited goals in mind, Chinese thinking on how and when to use force could change once its strategy, doctrine and capabilities evolve to incorporate these new roles. Continue reading