US companies say China is ‘uninvestable’
Gina Raimondo, the US Secretary of Commerce, told Chinese officials yesterday that the US has no intention of cutting economic ties with China. But she raised a list of concerns that led US companies to describe China as “uninvestable” because it is “too risky.”
US companies are concerned about long-standing issues such as intellectual property theft, as well as newer developments such as corporate raids, a counterintelligence law and exorbitant fines without explanation. After raising concerns with Premier Li Qiang, China’s second-highest official, Raimondo said she “has not received any commitment.”
Raimondo, who is on a four-day trip to China, also asked for Beijing’s cooperation on broader threats such as climate change, the opioid fentanyl and artificial intelligence. Chinese officials, in turn, asked the U.S. to ease export controls on advanced technology and to rescind a recent executive order prohibiting new investment in certain advanced technologies, Raimondo said. The Secretary of Commerce said she rejected these requests, saying the US does not negotiate on national security issues.
Still, Raimondo tried to reassure the Chinese that export controls only applied to a small portion of US-China trade, and that other economic opportunities between the countries should be embraced.
Prime Minister Li told Raimondo that economic relations between China and the US were “both-beneficial,” according to the official Xinhua news agency. But he also warned that “politicizing economic and trade issues and exaggerating the concept of security” would “seriously erode bilateral relations and mutual trust.”
More China news:
A legal victory for Imran Khan
A court in Pakistan suspended former Prime Minister Imran Khan’s three-year prison sentence in a corruption case yesterday following an appeal by Khan’s legal team. It was the latest twist in a political confrontation between Khan – a former cricket star turned populist politician who was ousted as prime minister last year – and military leaders who appear intent on keeping him out of politics.
Despite the legal victory, Khan remained in jail last night as dozens of lawsuits against him remain pending. He is expected to appear in court today in a case related to the leaking of state secrets – a charge that analysts say could pose the biggest challenge yet to his future..
Wagner said that Prigozhin was buried
Yevgeny Prigozhin, the Russian mercenary leader who died in a plane crash last week, was buried in a private ceremony at a cemetery in St Petersburg, his press service said yesterday. The Porokhovskoye cemetery, where he was buried, was heavily guarded yesterday by Russian police, riot police and the national guard, who did not allow people in, citing the state’s efforts to minimize public mourning for Prigozhin. to limit.
The Kremlin said it had no information about the funeral of Prigozhin, who launched a failed mutiny against Moscow’s military leadership in June, except that President Vladimir Putin would not attend.
THE LAST NEWS
The war in Ukraine
Perhaps no sport has been so badly affected by the war in Ukraine as tennis. That’s a function of numbers – there are a lot of players from Ukraine and Russia – and proximity: with shared changing rooms, lounges and practice facilities, it can be difficult to avoid people you’d rather not see.
For Ukrainian players, as well as those from Russia and its allies, the conflict has plunged professional tennis into a cold war of its own. Now they face each other at the US Open.
ARTS AND IDEAS
A focus on Roma survivors
Hundreds of thousands of Roma were killed in the Holocaust, a mass murder long overlooked because little data on the population had been collected before or after World War II.
But a new database of Roma testimonies about their experiences of the Holocaust hopes to raise public awareness of the suffering of Europe’s largest ethnic minority. With 115 survivor stories, the database centralizes stories that were previously hard to find in scattered archives.
“The Roma are so deeply marginalized in every way,” said the author of a book on Roma, Jews and the Holocaust. “We need these testimonials to make them visible.”
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