Why Rumors About China's Political Elite Won't Stop
The intrigue over President Xi Jinping's future is no less speculative. In many ways, it's the result of a succession crisis of his own making. The lack of an heir or clear plan creates an uncertainty that is grist for the mill.
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Yahoo
19 minutes ago
- Yahoo
Several US executives to visit China this week: sources
By Laurie Chen BEIJING (Reuters) -A high-level delegation of American executives will travel to China this week to meet senior Chinese officials in a trip organised by the U.S.-China Business Council (USCBC), two sources with knowledge of the visit told Reuters on Monday. The visit coincides with the latest round of U.S.‑China trade negotiations in Sweden, where China's Vice Premier He Lifeng is meeting U.S. officials from July 27 to July 30 for a new round of economic and trade talks. The delegation will be led by FedEx Chief Executive Rajesh Subramaniam, the council's board chair, one of the sources briefed on the trip said. The South China Morning Post first reported the visit on Sunday, saying that executives from firms including Boeing would be part of the delegation. Reuters could not confirm other CEO members of the delegation or which Chinese officials they would meet. Boeing declined to comment on the trip and deferred to USCBC. The U.S. government was not involved in the organisation of the visit, one of the sources said. The trip comes as Beijing and Washington work towards a summit between the two countries' leaders later this year, probably around the time of the APEC forum in South Korea October 26 - November 1, sources previously told Reuters. USCBC did not respond immediately to a request for comment. The business lobby previously organised similar visits to China by American CEO delegations in 2023 and 2024. The 2024 trip, also led by Subramaniam, included meetings with He and Foreign Minister Wang Yi, where executives discussed issues including market access. China faces an August 12 deadline to reach a durable deal with the White House or risk higher U.S. tariffs. U.S. officials are likely to extend the deadline by another 90 days as both sides work towards a more comprehensive deal, sources previously told Reuters. An extension of that length would prevent further escalation and help create conditions for the potential meeting between Trump and Chinese President Xi Jinping. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
21 minutes ago
- Bloomberg
Israel Eases Gaza Aid Curbs Amid International Outcry
Live on Bloomberg TV CC-Transcript 00:00A lot of international pressure had been building on Israel to do something about the humanitarian crisis in Gaza. Resume the passage of humanitarian aid. What do we know? What are the latest developments from the weekend in terms of what is being allowed in now? So, I mean, there does seem to be a change of policy there and we'll see how long it lasts, because as you know, we've been here several times before. So what we can see on the ground is air drops going in. And we know that Israel did some and then we had some coming in, I think from from Jordan as well, anyway. Yeah. And you have aid trucks coming in from both Egypt and Jordan. But I think all the aid groups unanimously are saying it's nowhere near enough. So definitely better than last week. But we're talking about a drop in the ocean relative to what's required. And remember, they're playing a lot of catch up here because you have this total blockade for a least two or three months. And it's been a trickle since then. But as you say, the international pressure, I think, has got to the point where it sort of becomes indefensible not to try and do something. Yeah. Is this going to have any bearings on the cease fire discussions which also collapsed towards the end of last week? I mean, to some extent, but I mean, in terms of the actual impacts on the cease fire and the terms and conditions that both sides want. I can't see a change of change there. And we keep coming up against again and again, you know, there's this sort of insurmountable clash, I would say, between what Hamas is asking for and what Israel is asking for. I don't see any change in that, at least at the moment. Yeah. Later today, the UK Prime Minister Keir Starmer is going to be meeting with President Trump to discuss trade deal, obviously, and amongst other things they're going to be talking about Gaza. The UK prime minister is also under a lot of pressure now because of President Macron's decision last week to recognise Palestinian statehood. Right. The UK have not said anything to that effect, but he has said that he wants to work with President Trump on pushing for a lasting ceasefire. How much leverage really does the UK Prime Minister have and also how much leverage in this instance does the U.S. have in terms of trying to procure that lasting ceasefire? Yeah, I mean, so starting with the UK on the U.S., I would say next to none, or at least I see no evidence whatsoever that there is any influence there. And that in terms of the sort of the second leg of that, which is the U.S. influence on Bibi, I mean, that waxes and wanes and it kind of depends on what's happening on the ground within Israel. And as you know, Netanyahu is in a more precarious position politically than he was, say, a couple of weeks ago. You know, he's lost his majority, obviously, in the Knesset. And to some extent, he will have to respond, I would suspect, with more thought to what's going on domestically than to the U.S. pressure. That's not to say he ignores what the U.S. is saying, but he's very sort of 5050 about whether he's going to respond in a positive way to what he's being asked to do. Yeah, And also, the U.S. seemed to be a little bit frustrated. And if you listen to the language that came out of Steve Wake of when those ceasefire discussions broke down, he said he doesn't think that Hamas are acting in good faith or in a cooperative manner. So even the U.S. are frustrated with how all this is going.
New York Times
21 minutes ago
- New York Times
North Korea Rejects New South Korean Leader's Peace Overtures
North Korea on Monday rejected the new South Korean president's proposal for talks, saying that his policy toward the North was no different than that of his ousted predecessor, under whom relations had plunged to the lowest point in years. Since taking office on June 4, President Lee Jae Myung of South Korea has repeatedly said that he wanted to ease tensions on the divided Korean Peninsula by improving ties that deteriorated under his conservative predecessor, Yoon Suk Yeol. As gestures of good will, Mr. Lee banned anti-North Korean activists from sending leaflets into the North by balloon. He also stopped the loudspeaker propaganda broadcasts along the border that had long angered Pyongyang. Earlier this month, South Korea even switched off shortwave radio broadcasts that had carried similar propaganda for over a half century. But such efforts by Mr. Lee were 'not the work worthy of appreciation,' said Kim Yo-jong, who speaks for her brother, Kim Jong-un, the top leader of North Korea, in a statement carried in North Korean state media on Monday. 'No matter what policy is adopted and whatever proposal is made in Seoul, we have no interest in it and there is neither the reason to meet nor the issue to be discussed with the ROK,' Ms. Kim said, using the acronym for the South's official name, Republic of Korea. She cited the South Korean government's ongoing alliance with the United States and the countries' plans to continue holding annual joint military drills as evidence of little change under the new administration. Want all of The Times? Subscribe.
