hearing, has held what the us calls candid and constructive talks with china s foreign minister in beijing. this at the start of two days of meetings with chinese officials. mr blinken emphasised the need for diplomacy and keeping open channels of communication us officials added. the trip to china is the first by a top us diplomat in almost five years and comes months after an earlier visit by the secretary of state was postponed when a suspected chinese spy balloon flew in us airspace. can this trip reboot relations? to discuss this and what s at stake for the world s two biggest economies, i m joined by alicia garcia herrero chief economist at natixis. good to have you on the programme. from your perspective, when we are looking at trade, the two biggest economies in the world, how important is this trip? extremely important. and the main reason for this trip is not even trade, it s about assurance to really avoid a military conflict in taiwan and i think that s th
i would start by between the us and china. well, i would start by saying between the us and china. well, i would start by saying that - i would start by saying that the current relations are not perfect at all. in fact, if one looks at tech containment, that biden administration has done more than drum. i think the chinese however have managed to get the semiconductor plants, taiwanese and south korean plants, in the mainland, they are going to continue operating, which doesn t mean that the chip ban is over, it just means that at least four semiconductors we still have a supply. that was a concession before blinken s trip. other than that, one containing china on tech, i would say it biden is probably harsher than trump. it brings me to this idea that i m not 100% sure whether china would be more keen for a new biden or renewed biden or a renewed trump. so in that regard it is hard to argue that the relations will not be as
For China, the task of boosting the private economy will be divided into more detailed plans and be allocated to specific government agencies for implementation after the ongoing ‘two sessions’ parliamentary meetings.
The ripple effects of Washington’s aggressive new containment efforts to cut China off from critical technology are threatening to have far-reaching implications for its competitiveness and supply-chain security.