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China-U.S. trade deficit is the result of the U.S.' accounting model, not China's trading practices. China's growing confidence and its rapid development led the U.S. to make it the enemy to justify its large military spending, says Paul Craig Roberts, former U.S. Assistant Secretary of the Treasury for Economic Policy under Ronald Reagan.
Senior official stresses amphibious landings difficult, but also repeats US calls for Taiwan to boost defence spending.
Deal covers sale of truck-based rocket launchers, long-range air-to-ground missiles, and external sensor pods for F-16 jets.
The White House is moving ahead with three sales of advanced weaponry to Taiwan, and has sent notification of the deals to Congress for approval, five sources familiar with the situation told Reuters news agency.The move in the run-up to the November 3 US presidential election is likely to anger China, which considers Taiwan part of its territory and has not ruled out the use of force to achieve its aims.
Chinese President Xi Jinping has called on troops to "put all (their) minds and energy on preparing for war" in a visit to a military base in the southern province of Guangdong on Tuesday, according to state news agency Xinhua.During an inspection of the People's Liberation Army Marine Corps in Chaozhou City, Xinhua said Xi told the soldiers to "maintain a state of high alert" and called on them to be "absolutely loyal, absolutely pure, and absolutely reliable."The main purpose of Xi's visit to Guangdong was to deliver a speech Wednesday commemorating the 40th anniversary of the Shenzhen Special Economic Zone, which was established in 1980 to attract foreign capital and played a vital role in helping China's economy become the second-largest in the world.But the military visit comes as tensions between China and the United States remain at their highest point in decades, with disagreements over Taiwan and the coronavirus pandemic creating sharp divisions between Washington and Beijing.The White House notified US Congress Monday that it was planning to move ahead with the sale of three advanced weapon systems to Taiwan, according to a congressional aide, including the advanced High Mobility Artillery Rocket System (HIMARS).
China has rejected allegations of intellectual property theft and exchange rate manipulation to attack the U.S. economy. Chinese Foreign Ministry spokesperson Zhao Lijian said on Tuesday that "China has always fulfilled its responsibilities as a major trading country. The improvement of its business environment is obvious to all. As for the issue of exchange rate manipulation, that's even more nonsensical. Authoritative institutions such as the International Monetary Fund recognize that the Renminbi exchange rate is consistent with China's economic fundamentals, and there is no obvious overestimation or underestimation."
Pres. Trump maintains a bank account in China that he has never publicly disclosed, according to tax documents obtained by The New York Times. Trump's account in China has remained a secret because it is held under a corporate name, Trump International Hotels Management. In 2017, that company 'reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined,' The Times reported. 'It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.' Trump has repeatedly assailed Joe Biden as 'soft on China.' Tax records show Trump paid $188,561 in taxes in China through his company from 2013 to 2015, vastly more than the $750 he paid in federal U.S. income taxes in 2016 and 2017. A lawyer for the Trump Organization would not disclose the bank where the president maintains his account.
China urges Washington to stop arms sales to Taiwan and to consider the serious consequences. This comes after the United States approved a potential $1.8 billion arms sale to Taiwan. In another development, U.S. Secretary of State Mike Pompeo has announced the State Department is designating the U.S. operations of six more China-based media companies as foreign missions. Washington required the Chinese media outlets to register as foreign missions in February and in June, and announced in March it would cut the number of journalists working in the U.S. Chinese Foreign Ministry has responded to the U.S. moves.
The United States will deploy Coast Guard patrol ships in the western Pacific to counter what it described as “destabilizing and malign” activities in the region by China, the country’s top security adviser said on Friday.The US Coast Guard was “strategically homeporting significantly enhanced Fast Response Cutters … in the western Pacific,” White House National Security Advisor Robert O’Brien said in a statement.
Describing the US as a Pacific power, the statement added that China’s “illegal, unreported, and unregulated fishing, and harassment of vessels operating in the exclusive economic zones of other countries in the Indo-Pacific threatens our sovereignty, as well as the sovereignty of our Pacific neighbors and endangers regional stability”.It said US efforts, including by the Coast Guard, were “critical to countering these destabilizing and malign actions.”The Coast Guard did not immediately respond to a request for comment on the statement, which came just ahead of a planned visit to Asia by US Secretary of State Mike Pompeo.
Pompeo led a meeting of the so-called Quad in Tokyo this month. Washington hopes the grouping of the US, Japan, India and Australia can act as a bulwark against China’s growing assertiveness and extensive maritime claims in the region, including to nearly all of the South China Sea.On Sunday, Pompeo will begin a five-day tour of India – where he will be accompanied by US Defense Secretary Mark Esper – and then he will continue on to Sri Lanka, Maldives, and Indonesia. Maritime security and a “free and open Indo-Pacific” will be high on the agenda, the State Department said.
It is rare to see cross-party support for anything in Washington but one thing is for certain - both Republicans and Democrats see China as a major geopolitical threat.US President Donald Trump has blamed the Democrats for China's unchecked economic rise.Between 2001 and 2013, an estimated 3.2 million jobs were lost in the United States, as the country's trade deficit with China grew.In September, Democrats announced a $350bn plan to confront China.Plus: We look at Chinese President Xi Jinping's plan to rival Silicon Valley as Washington restricts the export of semiconductors.And, we discuss doing business in Africa during the pandemic.
Senate Democrats plan Thursday to present their most comprehensive strategy yet to confront and compete with China, rolling out sprawling legislation that would provide more than $350 billion over a decade to build the United States’ industrial capacity and challenge Beijing.
US Secretary of State Mike Pompeo is calling for closer cooperation with India to confront potential threats posed by China. Both nations are experiencing strained relations with Beijing. And now the US and India have signed a defence pact to share military technology and classified satellite data. Al Jazeera's Elizabeth Puranam reports from New Delhi.
Beijing has vowed counter-measures after the U.S. State Department approved another potential weapons sale to Taiwan, worth up to $2.4 billion.
I'm Rich Fxck 1252 minutes agoHow WEAK in India??? Trading 1 Colonizer for another🤦🏿♂️🤦🏿♂️They can't stand alone... Pretty pathetic
There are many people with in-depth knowledge of China in the U.S. government. But the China policy team from the Trump administration doesn't even score a "C." Nobody won the trade war, and billions of dollars were lost in the process. The lack of coherence is this administration's policy presents great challenges to China and other U.S. allies, says William C. Kirby, T.M.Chang Professor of China Studies at Harvard University.