Latest news with #HanZheng
Axios
07-05-2025
- Business
- Axios
U.S. and China to hold first formal talks since trade war escalated
U.S. and Chinese officials will meet this week for their first formal economic talks since President Trump announced sweeping tariffs on China and triggered a trade war, the Treasury Department announced Tuesday evening. Why it matters: The trade war between the world's two largest economies threatens the global order and the talks in Switzerland will mark the first high-level meeting between U.S. and Chinese officials since China's Vice President Han Zheng attended Trump's inauguration in January. Washington and Beijing have been embroiled in a tit-for-tat tariffs standoff since Trump announced an additional 34% tariff on Chinese imports and China responded with a 34% levy on all U.S. goods and restrictions on exports of critical minerals. Driving the news: Treasury Secretary Scott Bessent revealed late last month that U.S. and Chinese officials were discussing key economic matters despite China's ruling Communist Party publicly denying this. The Trump administration confirmed in Tuesday statements that Bessant and U.S. Trade Representative Jamieson Greer will meet with their Chinese counterparts to discuss "economic" and "trade" matters during meetings in Geneva with Swiss President Karin Keller-Sutter and other officials this week. What they're saying: "Economic security is national security, and President Donald J. Trump is leading the way both at home and abroad for a stronger, more prosperous America," Bessent said in a statement ahead of his arrival in Switzerland on Thursday. "I look forward to productive talks as we work towards rebalancing the international economic system towards better serving the interests of the United States." Greer said in a statement he's "negotiating with countries" at Trump's direction "to rebalance our trade relations to achieve reciprocity, open new markets, and protect America's economic and national security." Trump said during his meeting with Canadian Prime Minister Mark Carney that Beijing officials "want to negotiate and they want to have a meeting and we'll be meeting with them at the right time."
South China Morning Post
24-03-2025
- Business
- South China Morning Post
Beijing urges Swire Group to help boost Hong Kong's aviation hub status
Chinese Vice-President Han Zheng has called on British-owned conglomerate Swire Group to make new contributions in cementing Hong Kong's status as an international aviation hub while playing an active role in the development of the Greater Bay Area. Advertisement Han met Merlin Swire, chief executive of John Swire & Sons, who was in Beijing for the China Development Forum, on Monday. 'The Swire Group is a world-famous multinational company that has achieved great development in both mainland China and Hong Kong,' Han said, according to a statement by the Ministry of Foreign Affairs. '[I] hope the Swire Group can actively participate in the development of the Greater Bay Area as well as the Hainan Free Trade Port.' The bay area blueprint calls for turning Hong Kong, Macau and nine Guangdong provincial cities into a new economic powerhouse, while the Hainan plan is an initiative to turn the island into a world-class free-trade hub with a separate customs entity by the end of this year. Advertisement During the meeting with Swire, Han acknowledged the current complex global situation but stressed that China's support for economic globalisation and its efforts in carrying out reforms and opening-up would bring more stability to the world.
Washington Post
26-02-2025
- Politics
- Washington Post
New Zealand's foreign minister holds talks in China as concern grows over military drills
BEIJING — New Zealand's foreign minister was meeting senior officials in China on Wednesday, just days after both his government and Australia said that Chinese warships should have given more warning before conducting live-fire exercises in waters between their countries. China's official Xinhua News Agency made no mention of the issue in an initial report on Foreign Minister Winston Peters' meeting with Vice President Han Zheng.
