Latest news with #ofForeignMinisters
Japan Today
5 days ago
- Business
- Japan Today
Daunted by geopolitics and trade war, U.S. companies in China report record-low new investment plans
In this photo released by Russian Foreign Ministry Press Service on Tuesday, July 15, 2025, Russian Foreign Minister Sergey Lavrov, center left, and Chinese Foreign Minister Wang Yi, center right, pose for a photo with other officials during the meeting on the Council of Foreign Ministers of the Shanghai Cooperation Organization (SCO), in Tianjin, China. (Russian Foreign Ministry Press Service via AP) By FU TING American companies in China are reporting record-low new investment plans for this year and declining confidence in their profitability, with uncertainty in U.S.-China relations and President Donald Trump's tariffs their top concerns, according to a survey released Wednesday. The companies are also challenged by China's slowing economy, where weak domestic demand and overcapacity in local industries are eroding profitability for the Americans. 'Businesses in China are less profitable now than they were years ago, but risks, including reputational risk, regulatory risk, and political risk, are increasing,' said Sean Stein, the president of the U.S.-China Business Council, a Washington-based group that represents American companies doing business in China, including major multinationals. The survey, conducted between March and May and drawing from 130 member companies, came as the two countries clash over tariffs and non-tariff measures, including export controls on critical products such as rare-earth magnets and advanced computer chips. Following high-level talks in Geneva and London, U.S. and Chinese officials agreed to pull back from sky-high tariffs and restrictions on exports, but uncertainty persists as the two sides are yet to hammer out a more permanent trade deal. Kyle Sullivan, vice president of business advisory services at the USCBC, said more than half of the companies in the survey indicated they do not have new investment plans in China 'at all' this year. "That's a record high,' Sullivan said, noting that it is ''a new development that we have not observed in previous surveys.' Around 40% of companies reported negative effects from U.S. export control measures, with many experiencing lost sales, severed customer relationships, and reputational damage from being unreliable suppliers, according to the survey. Citing national security, the U.S. government has banned exports to China of high-tech products, such as the most advanced chips, which could help boost China's military capabilities. Stein argued that export controls must be very carefully targeted, because businesses from Europe or Japan, or local businesses in China would immediately fill the void left by American companies. Silicon Valley chipmaker Nvidia won approval from the Trump administration to resume sales to China of its advanced H20 chips used to develop artificial intelligence, its CEO Jensen Huang announced on Monday, though the company's most powerful chips remain under U.S. export control rules. While 82% of U.S. companies reported profits in 2024, fewer than half are optimistic about the future in China, reflecting concerns over tariffs, deflation, and policy uncertainty, according to the survey. Also, a record high number of American businesses plan to relocate their business operations outside of China, Sullivan said, as 27% of the members indicated so, up from 19% the year before. In a departure from past surveys, concerns over China's regulatory environment, including risks of intellectual property misuse and lack of market access, didn't make it to the top five concerns this year. That's likely a first, and not for a good reason, Stein said. 'It is not because things got dramatically better on the Chinese side, but the new challenges, often coming from the U.S., are now posing as much of a challenge,' Stein said. Almost all the American companies said they cannot remain globally competitive without their Chinese operations. A survey from the European Union Chamber of Commerce in China in May found that European companies were cutting costs and scaling back investment plans in China as its economy slows and fierce competition drives down prices. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Malaysiakini
22-06-2025
- Politics
- Malaysiakini
M'sia warns rising Islamophobia used to justify Muslim persecution
Malaysia has expressed deep concern over the rise of Islamophobia, warning that normalisation of anti-Muslim sentiment is increasingly used to justify attacks against Muslims worldwide. Speaking at the 51st Session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers (CFM) Meeting in Istanbul, Turkiye, Foreign Minister Mohamad Hasan said incidents of discrimination and attacks against Muslims have reached unprecedented levels. 'Normalised Islamophobia has become...
See - Sada Elbalad
21-06-2025
- Business
- See - Sada Elbalad
FM holds several meetings on the sidelines of the Organization of Islamic Cooperation meeting in Türkiye
Basant Ahmed Minister of Foreign Affairs and Migration Dr. Badr Abdel Aty held a series of meetings today, Saturday, with his counterparts from Chad, Gambia, Gabon, Somalia, Tunisia, and Djibouti, on the sidelines of the meeting of the Council of Foreign Ministers of the Organization of Islamic Cooperation (OIC) held in Istanbul. The meetings addressed ways to strengthen bilateral relations and opportunities for joint cooperation in the economic, trade and investment fields. The topics on the agenda of the ministerial meeting were also addressed, in light of current regional and international challenges. The ministers stressed the importance of coordinating positions within the framework of the Organization of Islamic Cooperation. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
News18
06-05-2025
- Politics
- News18
OIC Urges Restraint, Echoes Pakistan's Kashmir Propaganda In ‘De-Escalation' Plea
Last Updated: The Organization of Islamic Cooperation (OIC) on Monday urged Pakistan and India to exercise restraint but parroted Pakistani propaganda on Kashmir. The Organization of Islamic Cooperation (OIC) on Monday reignited controversy by referring to Jammu and Kashmir as a 'dispute" and backing past resolutions that favour Pakistan's narrative. India has previously called out these statements as biased and uninformed. The reference to Kashmir was made in a statement which urged restraint between the two nuclear-armed states as tensions remain high following the deadly April 22 attack on civilians in Pahalgam by Pakistan-based and trained terrorists who gunned down 26 people, most of them tourists holidaying in the Baisaran. 'The General Secretariat of the Organization of Islamic Cooperation (OIC) expressed deep concern over the deteriorating security situation in the South Asian region and called for restraint and the urgent resumption of dialogue between the Islamic Republic of Pakistan and the Republic of India," the OIC statement said. 'It also recalled the decisions of the Islamic Summit and the resolutions adopted by the OIC Council of Foreign Ministers reaffirming the Organisation's unwavering support for the Jammu and Kashmir question," the statement further added, referring to the Union Territory of Jammu and Kashmir as a 'question". The OIC echoed Islamabad's long-standing position on Kashmir, calling the issue 'the core challenge" to peace and stability in South Asia, a claim India has rejected time and again as factually baseless and politically motivated. The 57-member body has repeatedly backed Pakistan on Kashmir, often provoking strong responses from India. After India revoked J&K's special status in August 2019, the OIC issued a statement condemning the move, calling it 'unilateral" and urging India to refrain from 'changing the demographic composition" of the region. India's rejected the statement, calling it 'factually incorrect and based on a misrepresentation of matters internal to India." First Published: May 06, 2025, 19:12 IST
