Tag: US

New York Stock Exchange to delist major Chinese oil company on March 9
4Mar mmBy Mike TrudellNo Comments
World

New York Stock Exchange to delist major Chinese oil company on March 9

In compliance with an executive order by former US President Donald Trump, the New York Stock Exchange (NYSE) will move to delist CNOOC Ltd., the Chinese oil major“Trading in American depository shares of CNOOC will be suspended at 4 am ET on March 9,” the NYSE said in a statement.It’s the fourth Chinese company to be slapped with such a punishment.The exchange said in January that it would end trading of shares in China Mobile, China Telecom and China Unicom to comply with Trump’s order targeting companies that the previous administration said had links to the Chinese military.CNOOC’s Hong Kong-listed shares dropped 1.1 per cent on Monday.The Big Board’s regulatory arm determined that CNOOC was ‘no longer suitable for listing’ in light of the executive order, which Trump signed in Novembe...
Read More
US-China tensions over South China Sea to continue under Biden administration: Report
28Feb mmBy Mike TrudellNo Comments
China, World

US-China tensions over South China Sea to continue under Biden administration: Report

With Chinese military conducting a live-fire drill to test its response to repeated missile attacks in a “far sea” and US stepping up reconnaissance activities, it seems that tensions between Beijing and Washington over the South China Sea will continue under the new Joe Biden administration.There are fresh signs from the Chinese and the American armed forces that tensions over the South China Sea will continue, according to media reports.The Chinese military’s Southern Theatre Command conducted a live-fire drill to test its response to repeated missile attacks in a “far sea”, state broadcaster CCTV reported on Saturday without saying when or where the exercise took place.The drill involved the guided-missile destroyer Yinchuan, guided-missile frigate Hengyang, the amphibious dock landing ...
Read More
US moves bill to ban 10-year multiple-entry visa to China to curb “espionage”
28Feb mmBy Mike TrudellNo Comments
China, World

US moves bill to ban 10-year multiple-entry visa to China to curb “espionage”

A group of US Republican senators have introduced a legislation to end China's access to 10-year multi-entry visas until it is certified that Beijing has ceased its campaign of "economic and industrial espionage" against Washington.The legislation, Visa Security Act, was introduced by Senators Marsha Blackburn, Tom Cotton, Rick Scott, Ted Cruz, and Marco Rubio on Friday.If passed, it would prohibit Chinese nationals from receiving 10-year B-1/B-2 visas until the Secretary of State certifies that China has "ceased its campaign of economic and industrial espionage against the United States and ended its provocative and coercive behaviour towards Taiwan."The B-1/B-2 visas are issued to those who come to the US for business, visit or tourism purposes.Under this legislation, Chinese citizens wo...
Read More
US House reintroduces bill to ban goods from China’s Xinjiang
20Feb mmBy Mike TrudellNo Comments
China, World

US House reintroduces bill to ban goods from China’s Xinjiang

In a step which will lead to increased tensions between the US and China, the US House of Representatives have reintroduced a bill that would ban imports from the Xinjiang region in China unless it is certified they are not produced with forced labour.“We have watched in horror as the Chinese government first created, and then expanded a system of extrajudicial mass internment camps targeting Uyghurs and Muslim minorities. We now know the entire XUAR economy is built upon a foundation of forced labour and repression,” said Representative Jim McGovern.According to McGovern, the Uyghur Forced Labor Prevention Act would create a “rebuttable presumption” that any goods made in the Xinjiang Uyghur Autonomous Region (XUAR) are made with forced labour and prohibited from entering the United State...
Read More
US calls India important partner in Indo-Pacific, welcomes emergence as leading global power
11Feb mmBy Mike TrudellNo Comments
China, World

US calls India important partner in Indo-Pacific, welcomes emergence as leading global power

India is one of the most important partners in the Indo-Pacific region to us. We welcome India’s emergence as a leading global power and its role as a net security provider in the region, US State Department spokesperson Ned Price said on Tuesday.He also welcomed India’s tenure at the United Nations Security Council (UNSC) as a non-permanent member, adding that the US remains India’s largest trading partner, with total bilateral trade increasing to USD 146 billion in 2019.“We cooperate on a wide range of diplomatic and security issues, including defense, non-proliferation, regional cooperation in the Indo-Pacific, counter-terrorism, peacekeeping, environment, health, education, technology, agriculture, space and oceans and that list is not exhaustive,” he added.The State Department spokesp...
Read More
‘Let’s each manage our own business’: Top Chinese diplomat on US’ remarks on human rights abuses
7Feb mmBy Mike TrudellNo Comments
China, World

‘Let’s each manage our own business’: Top Chinese diplomat on US’ remarks on human rights abuses

In a sharp response to US Secretary of State Antony Blinken calling out Beijing for its gross human rights violations in Xinjiang and Hong Kong, the top foreign policy aide to Chinese leader Xi Jinping, Yang Jiechi has said “let’s each manage our own business.”Yang told Blinken during their Friday call that the US should “correct recent mistakes, and work with China to promote the healthy and stable development of China-US relations by upholding the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation,” according to a statement released by the Chinese Foreign Ministry.Yang said that both sides should respect the other’s core interests, as well as political systems and developmental paths of their own choosing, according to the statement.“Each side should focus ...
Read More
Quad countries working to arrange first meeting amid China’s growing influence
7Feb mmBy Mike TrudellNo Comments
Asia, China, World

Quad countries working to arrange first meeting amid China’s growing influence

Amid China’s growing influence, members of the Quad countries - the US, India, Japan and Australia - are working to arrange the first meeting of their leaders, according to media reports.This comes as the US President Joe Biden’s new administration has expressed its eagerness to build on renewed attention to the grouping of the four major Indo-Pacific democracies. National security adviser Jake Sullivan even called it “a foundation upon which to build substantial American policy in the Indo-Pacific”.According to a source, the US has already proposed to other countries the idea of holding an online meeting of the Quad leaders.During the envisioned meeting, the Quad members are expected to discuss cooperation for the realisation of a “Free and Open Indo-Pacific” amid concerns over China’s ma...
Read More
US may re-impose sanctions on Myanmar following coup: Biden
3Feb mmBy Mike TrudellNo Comments
World

US may re-impose sanctions on Myanmar following coup: Biden

The United States might re-impose sanctions on Myanmar following the military coup there in which Counsellor Aung Suu Kyi along with other top politicians were detained and a state emergency of one-year was imposed.In a statement dated Monday, US President Joe Biden said that Washington will “stand up for democracy wherever it is under attack.”“The military’s seizure of power in Burma, the detention of Aung San Suu Kyi and other civilian officials, and the declaration of a national state of emergency are a direct assault on the country’s transition to democracy and the rule of law,” Biden said in a statement.“The United States removed sanctions on Burma over the past decade based on progress toward democracy. The reversal of that progress will necessitate an immediate review of our sanctio...
Read More
US airstrike in Iraq kills top ISIS leader
31Jan mmBy Mike TrudellNo Comments
World

US airstrike in Iraq kills top ISIS leader

In Iraq, the top Islamic State of Iraq and Syria (ISIS) leader, Jabbar Salman Ali Farhan al-Issawi, also known as Abu Yasser, was killed in an airstrike by a US-led military coalitionJabbar Salman Ali Farhan al-Issawi, 43 was killed in a joint mission of US and Iraqi forces, informed the coalition. He was believed to have coordinated ISIS’s operations in Iraq and relayed guidance to the group’s fighters across the country.The airstrike was conducted to check the resurging terror campaign after a double-suicide bombing in Baghdad in January.His “death is another significant blow to Daesh (ISIS) resurgence efforts in Iraq,” said coalition spokesman Wayne Marotto.Earlier, ISIS had claimed responsibility for the double-suicide bombing that killed 32 people in Baghdad last week, the deadliest s...
Read More
US State Secy, EU Representative discuss ‘strong cooperation’ on China
30Jan mmBy Mike TrudellNo Comments
China, World

US State Secy, EU Representative discuss ‘strong cooperation’ on China

While discussing ways to further US-EU bilateral ties, US Secretary of State Antony Blinken and EU High Representative for Foreign Affairs and Security Policy Josep Borrell agreed to continue 'strong cooperation' on issues related to China."Secretary of State Antony J. Blinken spoke with EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission Josep Borrell today to discuss ways to repair, revitalize, and raise the level of ambition in the US-EU relationship," the State Department said in a statement."The Secretary and the High Representative also agreed to continue strong US-EU cooperation on issues related to China," the statement said.Blinken thanked Borrel for the European Union's leadership in various areas and emphasized the United ...
Read More