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Assurances to China contrast with call for Russian regime changeThe new export curbs U.S. President Joe Biden recently imposed on the Chinese chip industry to help slow Beijing's technological and military advances have obscured his administration's relatively conciliatory stance since taking office. Even the export curbs have been undercut by exemptions granted to major Taiwanese and South Korean companies for their chipmaking facilities in China. Chinese President Xi Jinping, meanwhile, wants Biden to live up to "Five Nos" which Beijing claims the U.S. president has committed to: No to changing China's authoritarian system; no to containing China; no to seeking...

NUSA DUA, Indonesia — A highly anticipated meeting between China's leader Xi Jinping and President Biden finished Monday with both leaders expressing an openness to restoring channels of communication and repairing a relationship that has been compared to a second Cold War. The leaders of two superpowers met face-to-face and unmasked on the sidelines of the Group of 20 summit in Bali, Indonesia, on Monday evening. In a substantial meeting, they touched on the war in Ukraine, military tension in the Taiwan Strait and North Korean missile tests. Biden said he and Xi were "very blunt with one another." Xi,...

President Joe Biden tried to downplay any new tensions with China on Monday, after meeting with Chinese dictator Xi Jinping. “I absolutely believe there need not be a new Cold War,” he told reporters during a press conference after the three-and-a-half-hour meeting in Bali, Indonesia. Biden repeated that the United States policy in Taiwan had not changed at all, despite recent comments indicating otherwise. But he also downplayed any fears that China would move to take over the island.

President Biden said Monday that ​he does not foresee an “imminent attempt” by China to invade Taiwan after he met for roughly three hours with Chinese President Xi Jinping on the sidelines of the G20 summit in Indonesia. ​ Speaking to reporters after his first face-to-face meeting with Xi since becoming president, Biden shrugged off a question about whether Beijing and Washington were engaged in a new Cold War and said he made it clear in the discussion between the two leaders about where the US stands on self-governing Taiwan. ​”I do not think there’s any imminent attempt on the...

(Reuters) - Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid's cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a year earlier, and its losses widened as customers canceled orders fearing long wait times. U.S.-listed British firm Arrival SA warned last week it may...

By Akash Sriram (Reuters) - Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due to staggering raw material and production costs, their latest earnings statements showed. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. Lucid's cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a year earlier, and its losses widened as customers canceled orders fearing long wait times. The company, which went public a little...

President Joe Biden met Chinese dictator Xi Jinping on Monday in Bali, Indonesia, for their first in-person meeting in five years. Biden noted at the beginning of the meeting he spent a long time with Xi when they were vice presidents but had not seen him in person in a while. “I believe there’s little substitute, though, for to face-to-face discussions,” Biden said, recalling their “candid” relationship with each other.

Leftist American President Joe Biden struck a conciliatory tone in his public remarks alongside genocidal communist dictator Xi Jinping of China on Monday, suggesting China and America should work together on “climate changes” and “food insecurity” but not addressing human rights. Talks between the two leaders are currently underway in Bali, Indonesia, where this year’s G20 summit is expected to begin on Tuesday. The governments involved have not released any specific agenda for their conversation and Hong Kong’s South China Morning Post reported that the White House had denied that Xi and Biden would release a joint statement after their...

Chinese leader Xi Jinping and U.S. President Joe Biden met on Monday for long-awaited talks that come as relations between their countries are at their lowest in decades, marred by disagreements over a host of issues from Taiwan to trade. The two, holding their first in-person talks since Biden became president, met on the Indonesian island of Bali ahead of a Group of 20 (G20) summit on Tuesday that is set to be fraught with tension over Russia's invasion of Ukraine. They smiled as they shook hands warmly in front of a row of Chinese and U.S. flags in a...

China’s new electronically scanned array radar aims to blunt the military advantages long provided by satellite intelligence, raising proliferation concerns in Washington and other Western capitals. The 10-meter-tall SLC-1 radar unveiled at this year’s Zhuhai Airshow can detect and track low-orbiting satellites and predict their paths, its manufacturer China Electronics Technology Group Corporation (CETC) claimed at the show, the South China Morning Post reported last week. The state-owned Chinese company also claimed that the SLC-18 high-power, low-frequency P-band radar can function around the clock in all weather conditions and has an exceptionally large search range. With proper geographic positioning, an...

TOKYO -- Chinese electric-vehicle maker BYD has taken an overwhelming lead in patent filings for EV technology, the arsenal of innovation fueling the company's emergence as a global player. Nikkei, with the assistance of Tokyo-based analytics firm Intellectual Property Landscape, analyzed EV patent applications from China's four largest sellers of all-electric vehicles. BYD came out in front with 1,557 applications, nearly double the 870 filings of its closest rival, Zhejiang Geely Holding Group. Chery Automobile was in third place with 640 patent filings, while SAIC Motor took fourth with 448. When it comes to patent applications filed overseas, BYD far...

Business leaders in China can see the writing on the wall. Last month Xi Jinping secured his third 5-year term as president, making him the most powerful Chinese leader since Mao. And like Mao, Xi is more interested in top-down control and communist ideology than he is in market-driven prosperity. Chinese business executives who had gotten used to being relatively free to make money are now confronted with a leader who disappears billionaires who step out of line. It is dawning on some of them that, given Xi’s consolidation of power, it could be quite a while before the situation...

Newly unearthed photos show the Biden family's Chinese business partner meeting with Vladimir Putin. Zang Jianjun was executive director of Chinese oil giant CEFC, which partnered with Joe Biden's brother Jim and son Hunter on a deal that earned the First Family millions of dollars. Text messages obtained by DailyMail.com reveal Zang was in close contact with Chinese President Xi Jinping, and that the Chinese leader gave the green light for his partnership with the Bidens. Zang even traveled to Moscow with Xi and met with Putin while brokering a massive $9.1billion deal to buy a share of the Russian...

Back in September 2015, more than seven years ago, when bitcoin was trading around $225, and just after China had stunned markets with its (relatively modest) yuan devaluation, we made a modest prediction:In summary: while China is doing everything in its power to not give the impression that it is panicking, the truth is that it is one viral capital outflow report away from an outright scramble to enforce the most draconian capital controls in its history, which - as every Cypriot and Greek knows by now - is a self-defeating exercise and assures an ever accelerating decline in the...

VIDEODuring the Chinese Communist Party's 20th Party Congress, former President Hu Jin Tao was publicly purged and forcibly removed in front of all of the Robotic Commies who had just given Xi Jinping an unprecedented third term as president without a single dissenting vote. For the first time the dialogue during this humiliating unpersoning is revealed.

China’s former top leader, Hu Jintao, was unexpectedly led out of Saturday’s closing ceremony of the Communist Party Congress, in a moment of drama during what is typically a highly choreographed event. Hu, 79, was seated in a prominent position at the front table in the Great Hall of the People in Beijing, directly next to his successor, current leader Xi Jinping, when he was approached by a staff member, video of the meeting shows. While seated, Hu appeared to talk briefly with the male staff member, while China’s third most senior leader, Li Zhanshu, who was seated to his...

An extraordinary thing happened in China at the final meeting of the party congress over the weekend. Hu Jintao, the previous president of China, was sitting next to President Xi Jinping when two men approached from the rear. Hu rose and appeared increasingly surprised and then alarmed. A few others sitting at the lead table also appeared openly surprised, while most seemed unconcerned or were blank-faced out of discipline. Hu was escorted behind Xi, who appeared as if nothing significant was happening. It seemed to me that Xi did finally glance at him, I think with a look of contempt,...

Video shows moment when former Chinese president Hu Jintao unexpectedly leaves Saturday's closing ceremony of the Communist Party Congress. A staff member supports Hu by the arm as he stands up. He also speaks to President Xi Jinping for a moment and pats Premier Li Keqiang on the shoulder before being led out.

Former Chinese President Hu Jintao was physically removed from the Community Party Congress Saturday and his name was scrubbed from the country’s Internet as his successor tightened his ironclad hold on power. The frail Hu, 79, appeared to look confused as he was hauled from his seat by a steward who repeatedly tried to lift the older man from his seat, drawing concerned looks from officials seated nearby. Hu, who was seated next to Chinese president Xi Jingping, then put his hand on a sheet of paper placed on a folder in front of the leader. Xi quickly put his...

Former Chinese president Hu Jintao was unexpectedly led out of Saturday’s closing ceremony of the Communist party congress, AFP journalists on the scene witnessed. The frail-looking Hu, 79, initially seemed reluctant to leave the front row of politburo standing committee members in Beijing’s Great Hall of the People, where he was sitting next to President Xi Jinping. He had brief exchanges with Xi and the premier, Li Keqiang, after stewards spoke with him. A steward, holding Hu’s arm, led the former president out.