Latest news with #ShanghaiCommunistParty
Business Times
3 days ago
- Business
- Business Times
Australian PM touts practical cooperation during Shanghai visit
[SHANGHAI] Australia looks forward to deepening practical cooperation and promoting sustained development of bilateral relations with China, Prime Minister Anthony Albanese said on Sunday (Jul 13) in Shanghai. The Australian leader's comments were carried in a statement posted on the Shanghai local government's official Wechat account. Canberra hopes to further strengthen economic and trade cooperation and jointly promote green and low-carbon development, Albanese told Shanghai Communist Party Secretary Chen Jining. Shanghai welcomes Australian companies to invest in the city, China's second largest, Chen said. 'We know the one in four of Australia's jobs depends upon free and fair trade. And our biggest export partner is China,' Albanese said in a video carried on the Global Times' official Wechat account. 'Engaging with China is in our interests to build a stable and secure region.' Albanese was visiting China for the first time since being re-elected in a landslide in May. He's trying to balance an increasingly confrontational relationship between the US and China – respectively, Australia's historic security ally and its biggest trading partner. He also needs to navigate a more complicated regional security environment as China becomes more assertive in the Asia-Pacific. China in February conducted live-fire naval exercises in the Tasman Sea off Australia's east coast, which Albanese said at the time was within international law but for which he would have liked more notice. The prime minister will visit through Shanghai, Beijing and Chengdu, describing the visit as a 'further demonstration of the good relations' between the nations. China's economic heft is significant given it takes a quarter of Australia's exports, from iron ore to lobsters and wine. Australian Foreign Minister Penny Wong warned on Thursday about 'the worrying pace of China's nuclear and conventional military build up,' highlighting that Beijing aims to change the balance of power in the region. A delegation of corporate executives – including from Macquarie Bank and HSBC Holdings' BHP Group is travelling with Albanese. His visit will include a CEO round table in Beijing on Tuesday and an international supply chain Expo that China is hosting. BLOOMBERG
Mint
3 days ago
- Business
- Mint
Australian PM Touts Practical Cooperation During Shanghai Visit
(Bloomberg) -- Australia looks forward to deepening practical cooperation and promoting sustained development of bilateral relations with China, Prime Minister Anthony Albanese said Sunday in Shanghai. The Australian leader's comments were carried in a statement posted on the Shanghai local government's official Wechat account. Canberra hopes to further strengthen economic and trade cooperation and jointly promote green and low-carbon development, Albanese told Shanghai Communist Party Secretary Chen Jining. Shanghai welcomes Australian companies to invest in the city, China's second largest, Chen said. 'We know the one in four of Australia's jobs depends upon free and fair trade. And our biggest export partner is China,' Albanese said in a video carried on the Global Times' official Wechat account. 'Engaging with China is in our interests to build a stable and secure region.' Albanese was visiting China for the first time since being re-elected in a landslide in May. He's trying to balance an increasingly confrontational relationship between the US and China — respectively, Australia's historic security ally and its biggest trading partner. He also needs to navigate a more complicated regional security environment as China becomes more assertive in the Asia-Pacific. China in February conducted live-fire naval exercises in the Tasman Sea off Australia's east coast, which Albanese said at the time was within international law but for which he would have liked more notice. The prime minister will visit through Shanghai, Beijing and Chengdu, describing the visit as a 'further demonstration of the good relations' between the nations. China's economic heft is significant given it takes a quarter of Australia's exports, from iron ore to lobsters and wine. Australian Foreign Minister Penny Wong warned on Thursday about 'the worrying pace of China's nuclear and conventional military build up,' highlighting that Beijing aims to change the balance of power in the region. A delegation of corporate executives — including from Macquarie Bank Ltd. and HSBC Holdings Plc's Australia arm, as well as Fortescue Ltd., BlueScope Steel Ltd., Rio Tinto Ltd. and BHP Group Ltd is traveling with Albanese. His visit will includes a CEO round table in Beijing on Tuesday and an international supply chain Expo that China is hosting. More stories like this are available on
New Straits Times
06-06-2025
- Business
- New Straits Times
US, China officials clash at Shanghai business event
SHANGHAI: US and Chinese officials traded barbs at a celebration held by a US business chamber in Shanghai on Friday, as the chamber appealed to both countries to provide more certainty to American businesses operating in China. Scott Walker, consul general of US consulate in Shanghai, told a gathering of US businesses aimed at celebrating the 110th anniversary of the American Chamber of Commerce (AmCham) in Shanghai that the US-China economic relationship had been unbalanced and non-reciprocal "for far too long." "We want an end to discriminatory actions and retaliation against US companies in China," he said. In a speech that directly followed Walker's, Chen Jing, a Shanghai Communist Party official who is also the president of the Shanghai People's Association for Friendship with Foreign Countries, countered Walker's view. "I believe the consul general's view is prejudiced, ungrounded and not aligning with the phone call of our heads of states last night," he said. The interaction reflects the continued strained relationship between both countries as the trade war continues to simmer. US President Donald Trump and Chinese leader Xi Jinping spoke over a long anticipated call on Thursday, confronting weeks of brewing trade tensions and a battle over critical minerals. Trump later said they agreed to further talks. It came in the middle of a dispute between Washington and Beijing in recent weeks over "rare earths" minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies. The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration but the deal has not addressed broader concerns that strain the relationship and Trump has accused China of violating the agreement. Eric Zheng, president of AmCham Shanghai which counts over 1,000 companies among its membership, told reporters on the sidelines of the event that many companies had put their decision-making on pause due to the uncertainty. "People are looking for some more definitive, durable statements on both sides that enable businesses to feel more secure," he said.
Indian Express
06-06-2025
- Business
- Indian Express
US, Chinese officials exchange barbs at Shanghai event over trade
US and Chinese officials traded barbs at a celebration held by a US business chamber in Shanghai on Friday, as the chamber appealed to both countries to provide more certainty to American businesses operating in China. Scott Walker, consul general of US consulate in Shanghai, told a gathering of US businesses aimed at celebrating the 110th anniversary of the American Chamber of Commerce (AmCham) in Shanghai that the US-China economic relationship had been unbalanced and non-reciprocal 'for far too long.' 'We want an end to discriminatory actions and retaliation against U.S. companies in China,' he said. In a speech that directly followed Walker's, Chen Jing, a Shanghai Communist Party official who is also the president of the Shanghai People's Association for Friendship with Foreign Countries, countered Walker's view. 'I believe the consul general's view is prejudiced, ungrounded and not aligning with the phone call of our heads of states last night,' he said. The interaction reflects the continued strained relationship between both countries as the trade war continues to simmer. US President Donald Trump and Chinese leader Xi Jinping spoke over a long anticipated call on Thursday, confronting weeks of brewing trade tensions and a battle over critical minerals. Trump later said they agreed to further talks. It came in the middle of a dispute between Washington and Beijing in recent weeks over 'rare earths' minerals that threatened to tear up a fragile truce in the trade war between the two biggest economies. The countries struck a 90-day deal on May 12 to roll back some of the triple-digit, tit-for-tat tariffs they had placed on each other since Trump's January inauguration but the deal has not addressed broader concerns that strain the relationship and Trump has accused China of violating the agreement. Eric Zheng, president of AmCham Shanghai which counts over 1,000 companies among its membership, told reporters on the sidelines of the event that many companies had put their decision-making on pause due to the uncertainty. 'People are looking for some more definitive, durable statements on both sides that enable businesses to feel more secure,' he said. 'Our number one ask from the two governments is to give us some certainty so that we can plan accordingly.'
