Thursday, November 09, 2023

Economic Issues B4 Statecraft

U.S.Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng are headed toSan Francisco to try and make progress on a slew of economic issues.
Talks between the two counterparts are designed to help lay the groundwork for an expected meeting between President Joe Biden and Chinese President Xi Jinping next week on the sidelines of the Asia-Pacific Economic Cooperation Summit, which would be their first face-to-face encounter in nearly a year.
In September, the U.S. Treasury Department and China’s Ministry of Finance launched a pair of economic working groups in an effort to ease tensions and deepen ties between the nations.
According to an Associated Press report, The White House is not expecting the face-to-face meeting to result in major changes to the relationship between the two nations, according to a person familiar with the planning, although it hopes to see some signs of progress. 

The US and Chinese finance ministers are opening talks to lay the groundwork for a Biden-Xi meeting

By FATIMA HUSSEIN
Updated 9:11 PM PST, November 8, 2023 
 
Analysts say expectations should be kept low, given the competitive nature of the countries’ relationship.  . .

Nicholas Szechenyi, deputy director for Asia at the Center for Strategic and International Studies, said at a preview event for the APEC summit that “it seems difficult for the United States to credibly emphasize themes such as inclusiveness, interconnectedness — the themes of this year’s APEC summit — when the primary driver for U.S. economic strategy in the Indo-Pacific is not economic cooperation, necessarily, but rather economic competition.”

“U.S. strategy is very much focused on economic competition with China,” he said.

In August, Biden signed an executive order designed to regulate and block high-tech U.S.-based investments going toward China, a move the administration said is based on protecting national security. And last year, the U.S. moved to block exports of advanced computer chips to China.

Earlier this year, U.S. lawmakers held hearings over data security and harmful content with TikTok CEO Shou Zi Chew, contemplating whether to ban the hugely popular app due to its Chinese connections. . .

South China Morning Post
2 days ago
China's Vice-Premier He Lifeng to visit US this week as ties shine at CIIE in Shanghai | South China Morning Post

China's Vice-Premier He Lifeng to visit US this week as ties shine at CIIE in Shanghai | South China Morning Post

 

SaltWire
2 hours ago
U.S. Treasury's Yellen, Chinese vice premier He set to meet amid pre-APEC friction | SaltWire

U.S. Treasury's Yellen, Chinese vice premier He set to meet amid pre-APEC friction | SaltWire

 

Reuters
U.S. Treasury's Yellen, Chinese vice premier He set to meet amid pre-APEC friction
2 hours ago

CNBC
Yellen to host China's He Lifeng for 'intensive diplomacy' ahead of APEC
2 days ago
South China Morning Post
Janet Yellen to meet China’s He Lifeng in US amid ‘serious’ trade concerns
2 days ago
VOA News
High-Level US-China Trade Discussions Set for this Week
2 days ago
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Wednesday, November 08, 2023

Russia's Big Problem With Ukraine, Why Ukraine Proves NATO Is a Failure ...

 

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Ukraine’s economy ‘hanging by a thread of foreign aid’

The counteroffensive brought with it huge casualties among Ukrainian servicemen – especially the Western-trained units that were withdrawn from the eastern towns of Bakhmut and Soledar – Russia’s last sizeable territorial gains last year.
While there are no reliable official figures of casualties, tens of thousands of soldiers on both sides are understood to have been killed in the war this year.
“Russian defence ground down the attack brigades that had been trained for at least six months and for whose salvation Bakhmut and Soledar were abandoned,” Mitrokhin said.
Meanwhile, the Kremlin managed to avoid the collapse of Russia’s economy. . .

Meanwhile, the F-16 fighter jets the West pledged to supply will take months to arrive – and their future pilots will spend many more months on training.
So far this year, Kyiv has lost some 487 square kilometres (188 sq miles), according to a calculation by The New York Times published in late September.

‘Strategic objectives not achieved’: Has Ukraine’s counteroffensive failed?

Ukraine hoped to unleash punishing counterattacks on invading Russian troops. Experts explain why the push did not live up to expectations.

‘Russia looks stronger and has manpower advantage’

The results are disappointing due to several factors, military analysts say.
  • “Strategic objectives have not been achieved this year, and it’s hardly possible” in the remaining months, Lieutenant General Ihor Romanenko, former deputy chief of the General Staff of the Ukrainian Armed Forces, told Al Jazeera.
  • He blamed Western allies for months-long delays of weaponry and a reluctance to supply more sophisticated arms.
  • “Weaponry should be supplied on time, not the way our allies are doing it,” he said. 
  • Ukrainian “generals asked [for certain arms] a year ago, but they still didn’t supply even the types of arms that had been agreed upon.”
  • Ukrainian top brass have long complained about the delays that Western officials say are caused by logistical hurdles.
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