China’s new ambassador to the U.S. comes to ‘safeguard’ Beijing’s pursuits

China’s new ambassador to the U.S. comes to ‘safeguard’ Beijing’s pursuits


Xie Feng, China’s new ambassador to the U.S., addresses the media as he comes at JFK airport in New York Town, May perhaps 23, 2023.

Brendan McDermid | Reuters

China’s new ambassador to the U.S. arrived in New York Tuesday with a phone to “safeguard the interests of China,” according to a release from the country’s embassy in the U.S.

Xie Feng assumes office right after a period of time of about 6 months in which China has experienced no ambassador to the U.S. He was most not too long ago a vice international minister.

Xie reported Tuesday the bilateral romantic relationship faces “significant troubles and problems,” and his mission is to “enrich China-U.S. exchanges and cooperation,” the launch claimed in English.

The U.S. Division of Condition did not instantly react to a CNBC ask for for remark.

The prior ambassador, Qin Gang, was promoted in December to turn out to be China’s new international minister. Before this thirty day period, Qin achieved U.S. Ambassador to China Nicholas Burns in Beijing for the initial time.

China's Micron ban is 'peanuts' compared to U.S. sanctions against China, says Yale's Stephen Roach

Tensions concerning the two nations around the world escalated in February soon after the U.S. shot down an alleged Chinese spy balloon above American airspace. U.S. Secretary of Condition Antony Blinken experienced prepared to go to Beijing all-around that time, but determined to postpone the trip just after the balloon incident.

In excess of the weekend, U.S. President Joe Biden mentioned individuals tensions would “get started to thaw incredibly soon.”

“We are not wanting to decouple from China, we’re seeking to de-threat and diversify our marriage with China,” Biden instructed reporters pursuing the Team of Seven conference in Hiroshima, Japan, in accordance to a White Dwelling transcript.

The most optimistic situation for a ‘thaw’ is only a halt in the decline of relations.

He did not examine prospective new policies restricting U.S. businesses’ investment in innovative Chinese know-how.

“The most optimistic situation for a ‘thaw’ is merely a halt in the drop of relations,” Gabriel Wildau, taking care of director at consulting company Teneo, said in a take note. “For money marketplaces and multinational businesses functioning in China, having said that, these types of a halt would be important.”

“Even absent concrete plan adjustments, a typical feeling that the downward spiral has stopped could minimize risk perceptions and unlock new financial investment.”

Browse a lot more about China from CNBC Professional



Source

35-year-old American left the U.S. for China, spends 8/month: ‘I’m living large’
World

35-year-old American left the U.S. for China, spends $568/month: ‘I’m living large’

In 2019, just after her 30th birthday, Aleese Lightyear left a career in reality TV production behind to teach English as a second language in China. At the time, Lightyear was earning around $100,000 a year, working eight months out of the year. “I was living check to check, which sucked. My last few years […]

Read More
The AI ‘neoclouds’ buzz is growing on Wall Street, but risks are bubbling
World

The AI ‘neoclouds’ buzz is growing on Wall Street, but risks are bubbling

Investors are raving about “neoclouds” and what their emergence means for the artificial intelligence boom. However, some warning signs are starting to flash. Neoclouds are companies specializing in AI cloud computing. Unlike traditional hyperscalers such as Amazon and Microsoft, these bespoke companies are viewed as attractive alternatives as they install and manage AI hardware and software […]

Read More
Europe’s most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives ‘hope’
World

Europe’s most valuable firm SAP flags U.S. trade slowdown but says Japan deal gives ‘hope’

A person holds a smartphone displaying the logo of SAP, a German multinational software corporation known for its enterprise resource planning solutions. Cheng Xin | Getty Images News | Getty Images German software giant SAP said Wednesday that U.S. tariff tensions were slowing down its customers’ decision-making, but that the Japan trade agreement announced Tuesday […]

Read More