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US-China Relations - 11. page

State Media: “As Expected, China Did not Indulge the US, It Rejected Meeting of Defense Ministers”

A Chinese media commented that China has rejected U.S. Secretary of Defense Lloyd Austin’s request to meet with China’s Defense Minister Li Shangfu as not to “spoil” the U.S. (as one might spoil a child).

The article stated:

Why did China reject the meeting request? The U.S. should reflect on itself. In the past year, the U.S. created many frictions and caused Sino-U.S. relations to hit rock bottom. The U.S. has maliciously speculated about China’s military threat to the U.S., continued to impose malicious sanctions on China, and even embarrassed China in the diplomatic field. It wants to restore high-level communication, especially on military matters, to avoid misjudgments by either side that might lead the two countries into military conflict. This is for the U.S.’s own interest – so that it can continue its military surveillance and border provocation and not to worry about getting its military into danger.

Not removing the sanction on Li Shangfu is another reason for China to reject the meeting.

Since 2021, China has rejected or not answered more than 10 requests initiated from the U.S. Department of Defense on key leadership contact. The U.S. should look at itself for reasons – it has unshirkable responsibility for damaging the relationship between China and the United States.

Source: Net Ease, May 30, 2023
https://www.163.com/dy/article/I5VL0HNG05562BTO.html

CBN: LinkedIn to Shut Down Chinese Jobs App

China Business Network (CBN) recently reported that Microsoft’s workplace social media network, LinkedIn, just announced layoffs and that it will shut down its job-seeking application service in China. The company further said it plans to cut 716 jobs as demand fluctuates. It is worth noting that LinkedIn continues to downsize its business in China. The company decided to withdraw most of its Chinese business in 2021, and it shifted its business focus in China to meet the needs of job hunting and recruitment, and no longer produce content. After the latest business adjustment, LinkedIn said that, due to fierce competition and a challenging macroeconomic environment, it will take its only remaining application InCareers offline on August 9. However, a company spokesperson said LinkedIn would maintain a presence in China to help companies with operations in China recruit and train workers abroad. LinkedIn CEO Ryan Roslansky said in a letter to employees, that the company will be offloading more work to external partners in the future, who will then take on some of LinkedIn’s current work. The company also said the move to cut positions in sales, operations and support teams is aimed at simplifying the company’s operations and will move towards a more flattened management structure for faster decision-making. Microsoft acquired LinkedIn in 2016 for an estimated US$26 billion. According to Microsoft CEO Nadella previously revealed that, in 2021, LinkedIn’s global annual revenue was about US$10 billion.

Source: CBN, May 9, 2023
https://www.yicai.com/news/101751217.html

The U.S. and Europe to Take Joint Action against China

Well-known Chinese news site Sina (NASDAQ: SINA) recently reported that Western countries continue to hype the topic of so-called “economic coercion” by China. Following the Group of Seven (G7), the United States and the European Union also plan to repeat some old expressions of “concern” about China at a meeting at the end of this month, promising to take “joint actions” against China in a number of different fields such as the economy and trade. U.S. Secretary of State Blinken, European Commission Executive Vice President Vestager and other senior officials will attend the fourth ministerial meeting of the U.S.–EU Trade and Technology Committee (TTC) in Luleå, Sweden from May 30 to 31. According to a draft statement about that meeting, the United States and the European Union intend to commit to continued coordination and cooperation in the field of export control and investment review, and to address the challenges posed by issues such as non-market policies and practices and economic coercion. The U.S. and the EU have expressed the concern that “certain countries” use economic coercion to “induce or influence” foreign government decisions or actions for their own strategic political or policy goals. The parties committed to holding regular talks to discuss how to prevent companies in their regions from using knowledge related to foreign investment to support the technology advancement of their strategic competitors. The announcement draft also includes a bilateral commitment by Washington and Brussels to coordinate export controls on “sensitive items,” including items with military uses and semiconductors. The Chinese Foreign Ministry Spokesperson said, in response to an inquiry, that the U.S.-led groups are not only “suppressing China,” but also depriving developing countries of their right to scientific and technological progress, hoping to forever suppress these countries at the low end of the industrial chain.

Source: Sina, May 14, 2023
https://k.sina.com.cn/article_1887344341_707e96d502001dd6d.html

The U.S. May Introduce Unprecedented Investment Restrictions on China

Well-known Chinese news site Tencent News recently reported that, since February 2023, multiple major U.S. media outlets have successively quoted U.S. officials in their reports, stating that the White House intends to prohibit U.S. companies from investing overseas in some advanced technology-related industries that may threaten national security. Although these reports did not mention any country,  people familiar with the matter broke the news that the new regulations formulated by the White House mainly involve U.S. investment in China. Earlier, the outside world generally believed that, as the world’s two largest economies, China and the United States are deeply connected in the economic field and Washington does not intend to turn its face away completely. Now it appears that the Biden Administration seems to be preparing for a complete showdown. The U.S. media revealed that the White House is preparing to introduce a comprehensive policy to contain China. Bloomberg did suggest that the U.S. government’s investment restrictions on U.S. companies may be too strict. They may cause companies to move their business from the U.S. to other countries. The new restrictions may end up having little benefit to national security and will further weaken America’s global competitiveness. It is worth mentioning that the U.S. media used the word “unprecedented” to describe the new regulations formulated by the White House. Therefore, for the time being, it can be regarded as a comprehensive policy of containing China. One report also showed that a U.S. official confirmed that the government has begun briefing groups such as industry organizations in the U.S. and the American Chamber of Commerce in China on the outline of the regulations. However, some details of the new policy are yet to be finalized.

Source: Tencent News, April 24, 2023
https://new.qq.com/rain/a/20230424A02N1600

Huawei’s Net Profit Dropped 68.7 Percent Last Year

Well-known Chinese news site Sina (NASDAQ: SINA) recently reported that Huawei released its 2022 annual report. The report shows that Huawei’s global sales revenue was RMB 642.3 billion yuan (around US$93.5 billion), a year-over-year increase of 0.9 percent, and its net profit was RMB 35.6 billion yuan (around US$518 million), a sharp decrease of 68.7 percent year-over-year. In 2022, Huawei’s sales in the high-end smartphone market fell sharply by 44 percent year-over-year, and its share in the high-end smartphone market further dropped from 5 percent in 2021 to 3 percent. Regarding Huawei’s return to the 5G smartphone market, Huawei’s rotating chairman responded that the mobile phone business has been most affected by the U.S. sanctions, from the second in the world to “others.” Currently Huawei can only make 4G phones. To buy a Huawei 5G mobile phone, one would have to wait for permission from the U.S. Department of Commerce. Huawei also confirmed its strategy of not building cars, but helping car companies build good cars. According to Huawei’s CFO, in 2022, Huawei’s operations faced greater pressure. Overall, the operating performance was in line with expectations. At the end of 2022, Huawei’s asset-liability ratio was 58.9 percent  and its net cash balance was RMB 176.3 billion yuan (around US$25.7 billion), showing a stable financial position.

Source: Sina, March 31, 2023
https://cj.sina.com.cn/articles/view/7501277582/1bf1c698e02001dxw4

Former Senior Diplomat’s Comment “No One Will Stand Up for China” Gets Shut Down

Cai Xia, a former professor at the Central Party School of the Chinese Communist Party (CCP) who now lives in exile in the United States, tweeted on March 27 about Fu Ying, who served as China’s vice foreign minister from 2010 to 2013 and is now director of the Center for Strategic and Security Studies at Tsinghua University. Cai tweeted that Fu recently posted an article on WeChat commenting on U.S.-China relations. Fu urged the Chinese to think clearly: “If China and the United States break up or go their separate ways, will any country side with China? What do we really want? What should we do?”

Fu Ying stated that there are talks in China that the United States is declining. “Whether the United States is declining or not is the United States’ own concern. China cannot make the decision on whether the US is declining and repeating the belief that the US is in decline will not make it a reality. China has its own problems to focus on and should not expend all its energy on criticizing the United States. It is unnecessary for both nations to belittle each other continuously. Instead, China and the United States need to resolve their respective issues and cooperate with one another to benefit the world. This is the hallmark of great powers.” Fu concluded the article by expressing her hope that China and the United States can reconcile their differences and work together.

Fu’s comment was deleted shortly after it was posted. Fu’s WeChat page said, “This content is not viewable due to a violation.”

‘Source: Liberty Times (Taiwan), March 27, 2023
https://news.ltn.com.tw/news/world/breakingnews/4252829

China’s Academic Databases Close the Door to Foreign Scholars

The University of California, San Diego library told Voice of America that it received notice on March 17 from the administrator of the China National Knowledge Infrastructure (CNKI) that it would be unable to access some databases as of April 1. Other affected libraries include the City University of Hong Kong Library, the Institute of Chinese Literature and Philosophy at Academia Sinica in Taiwan, and at least a dozen other research institutions.

Founded in 1999, CNKI is the largest academic database in China. It contains Chinese government reports, academic journals, and papers from 1915 to the present, covering a wide range of fields, including politics, economics, humanities and social sciences, and science and technology. For researchers who do not have physical access to Chinese libraries, the resources provided by the CNKI are particularly important to their research.

Donald Clarke, a professor at George Washington University Law School, said in his tweet, “It is unfortunately China that is by far the most active in decoupling — the most recent example being the closing of foreign access to many important CNKI databases.”

Steve Tsang, director of the China Institute at the School of Oriental and African Studies at the University of London, told Voice of America (VOA) that “CNKI has not indicated which databases may never be reopened. He added that researchers outside China could still access these resources by visiting research institutions in China.

“That means, however, that they have to be vetted by Chinese academic institutions before they can be accepted as visiting scholars. Under Xi’s rules, all these institutions are under the leadership of the Chinese Communist Party (CCP).” Tsang noted this, suggesting that the CCP hopes to influence how foreign academics portray China by controlling information.

Perry Link, a U.S.-based China scholar, says this reflects the mindset of the Chinese leadership. “Chinese Communist Party spokesmen often accuse the United States of having a ‘Cold War mentality. In today’s information age, there is nothing more indicative of Cold War thinking than preventing the free flow of government reports and academic papers across borders,” Link told VOA.

Source: Voice of America, March 28, 2023
https://www.voachinese.com/a/china-academic-database-slashes-foreign-access-20230328/7025597.html

U.S. Claims Chinese-Made Ammunition Used at Ukrainian Battlefield

Well-known Chinese news site Sina (NASDAQ: SINA) recently reported that, at a press conference, Wang Wenbin, spokesperson for the Chinese Foreign Affairs Ministry,  addressed a question on Chinese ammunition used in Ukraine. A reporter asked, “According to reports, a U.S. government source said that it had been confirmed that Chinese-made ammunition has been used at the Ukrainian battlefield many times. It may have been fired by the Russian army. Once confirmed, the US side will be ready to take action. The United States has notified its partner countries of the relevant information. What is China’s comment on this matter?” Wang responded, “China has always stood on the side of peace, dialogue and historical correctness, and will continue to play a constructive role in the political settlement of the Ukrainian crisis.” He emphasized that it is not China that provides weapons to the Ukrainian battlefield, but the U.S. The United States should stop fanning the flames and pointing fingers at other countries. Instead, the U.S. should play a constructive role in resolving the Ukrainian crisis politically, not the other way around. (Chinascope notes: According to a Kyodo News’ March 18 report, the United States found that a large amount of Chinese ammunition was suspected to have been used on the Russian-Ukrainian battlefield. It was a/so suspected that the ammunition was fired by the Russian army. After the U.S. government analyzed the ammunition and other factors, it has been determined that China produced some of the ammunition, but the specific model of the ammunition has not been disclosed.)

Source: Sina, March 20, 2023
https://news.sina.cn/2023-03-20/detail-imympcpw3413218.d.html