The major topics of the visit, however, remain unknown. “The Australian government has consistently advocated – including during the recent visit of Chinese Foreign Minister Wang Yi – for the full and timely removal of all trade impediments, including those affecting exports of live rock lobster to China. The Department of Agriculture, Fisheries and Forestry … Read more
The week-long trip to China by US Treasury Secretary Janet Yellen sidestepped core economic disputes, and without headway, analysts said the pressure of November’s presidential election could force the Biden administration “to be more aggressive” on the trade front. Yellen ended her second trip to China in 10 months on Tuesday, having met Chinese officials … Read more
US Treasury Secretary Janet Yellen arrived in the southern Chinese city of Guangzhou on Thursday for the first leg of her week-long trip aimed at helping manage the trade relations between the world’s two largest economies. Yellen, who arrived in Guangzhou just after 6pm local time, media reports said, was greeted by China’s vice-minister of … Read more
Washington/Los Angeles — A California college is seeking the return, “no questions asked,” of an iconic image of Chinese Communist Party founder Mao Zedong created by famed American artist Andy Warhol. Two weeks ago, Orange Coast College discovered that one of Warhol’s signed silkscreen prints of Mao was missing from its vault. The portrait has … Read more
China’s top leadership has gone all out to revive confidence and lure foreign investment in intensive meetings with foreign business leaders in recent days, setting out the “win-win opportunities ahead”, as Beijing seeks to achieve a seemingly challenging economic growth target for 2024. In a rare move, nearly all top-level officials responsible for economic affairs … Read more
That is not necessarily blind optimism. Open-source models lag behind the likes of OpenAI’s GPT-4 and Sora, but they are rapidly catching up. Many Chinese products are based on Meta Platforms’ Llama 2 model, which is free to use and maybe a year behind OpenAI’s latest and greatest, by some estimates. The open-source nature of … Read more
“It’s fair to say that China has the strongest squad of engineers and constructors, who have benefited from the country’s building boom since the mid-2000s,” said Xu Tianchen, a senior China-based economist with the Economist Intelligence Unit. “China is also experienced in providing full life cycle solutions, from financing to construction and maintenance, which make … Read more
Many young voters turned instead to the Taiwan People’s Party (TPP), led by unsuccessful presidential candidate Ko Wen-je – whose own political career was aided by the movement. This was despite a shift in Ko’s political leanings, from the “pan-green” that denotes independence-leaning parties, towards the more Beijing-friendly stance of the “pan-blue” KMT by the … Read more
But Russia’s share fell from nearly half to 22 per cent during the same period, as shipments from its northern neighbour fell by 41 per cent to US$1.25 billion. Relations between China and Australia deteriorated in 2020 when Canberra called for an investigation into the origins of the coronavirus. But ties have since slowly improved, … Read more
A second visit to a foreign firm in less than 12 months – after Xi toured a Guangzhou-based display company in April that had received investment from South Korean conglomerate LG – was touted by Xinhua as a “further and clearer declaration of expanding high-level opening up to the world”. China’s Xi wants market-ready scientific … Read more
