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China and US to Hold In-Depth Talks on Economic and Trade Issues during US Commerce Secretary’s Visit

by Chief editor of world-today-news.com August 24, 2023

written by Chief editor of world-today-news.com

A spokesman for China’s Commerce Ministry said on Thursday that China wants in-depth talks to resolve economic and trade issues during a visit to China by U.S. Secretary of Commerce Remond Lemond next week. Taken in May. (2023 REUTERS/Rebecca Cook/File Photo)

[北京２４日ロイター] – China wants in-depth talks to resolve economic and trade issues during US Commerce Secretary Remond’s visit to China next week, a spokesman for China’s Ministry of Commerce said on Thursday.

Lemond will travel to Beijing and Shanghai to meet with senior Chinese government officials and U.S. business executives.

“China and the United States are facing some difficulties and challenges in bilateral trade and investment, and we have pointed out that this is related to various trade protection measures introduced by the United States,” the spokesman said. pointed out. “China will continue to express its economic and trade concerns to the United States and strive to build a fair and stable economic and trade environment,” he said.

A senior U.S. official said Mr. Lemond is expected to tell Chinese officials that the U.S. seeks to protect its own security, not divide it with China.

#U.S #Commerce #Secretary #visits #China #hopes #indepth #economic #trade #talks #China #commerce #ministry
2023-08-24 09:26:00

August 24, 2023 0 comments

Business

Goldman Sachs Reports Decline in OECD Commercial Inventories, Forecasting an Increase in North Sea Brent Price

by Chief editor of world-today-news.com August 23, 2023

written by Chief editor of world-today-news.com

Goldman Sachs said in a report dated 22nd that a decline in commercial inventories in OECD member countries could push up its end-2023 North Sea Brent price forecast of $86 a barrel by $2. pointed out. Taken at the New York Stock Exchange in 2021. (2023 REUTERS/Andrew Kelly/File Photo)

(Reuters) – Declining commercial inventories in OECD member countries will push the end-2023 North Sea Brent price forecast of $86 a barrel down by 2, Goldman Sachs said in a report on Wednesday. He said it could push up the dollar. We believe the risk of price declines due to higher-than-expected inventories is relatively small.

OECD commercial inventories fell 30 million barrels below previous forecasts in August. OECD commercial inventories represent about a third of global inventories, Goldman estimates.

Brent crude rose more than 14% in July, hitting its highest since January at the start of the month. On the 23rd, the price was hovering around $84 per barrel.

Analysts at Goldman Sachs said the oil surge was largely due to the market continuing to price in tighter supply-demand conditions.

U.S. and Asian crude inventories have fallen by 21 million barrels and 11 million barrels, respectively, since the end of June. The reason for this is that the operating rate of the refinery has increased.

Non-OECD stockpiles have also fallen by 50 million barrels this month, led by China, and global oil inventories have fallen by 80 million barrels.

“Saudi Arabia has reiterated its production cuts and signaled its intention to extend and deepen the cuts,” Goldman said, adding to rising price risks.

He said there was a mix of strengths and weaknesses in China’s demand, with weaker macro data coming from outside the oil-intensive services sector.

2023-08-23 10:22:00
#Brent #crude #stocks #rise #yearend #Goldman

August 23, 2023 0 comments

World

African Union Suspends Activities in Niger and Condemns Military Coup

by Chief editor of world-today-news.com August 22, 2023

written by Chief editor of world-today-news.com

Following the military coup in Niger, the African Union (AU) has suspended all activities in the country and instructed member states to avoid actions that would justify the country’s military dictatorship. FILE PHOTO/Reuters/Francis Kokoroko/File Photo

[ヨハネスブルグ２２日ロイター] – The African Union (AU) on Friday suspended all activities in Niger following a military coup and instructed member states to avoid actions that would legitimize the country’s military dictatorship.

It also called on the AU Commission to compile a list of members of the military regime and their supporters and to impose targeted sanctions and “individual punitive measures”.

He also expressed support for the broad sanctions imposed by the Economic Community of West African States (ECOWAS).

These resolutions were adopted at the council meeting held on the 14th.

#African #Union #suspends #Niger #operations #prepares #sanctions
2023-08-22 14:00:00

August 22, 2023 0 comments

World

Chinese Premier Li Qiang Acknowledges Challenges in US-China Relations and Calls for Cooperation

by Chief editor of world-today-news.com August 21, 2023

written by Chief editor of world-today-news.com

Chinese Premier Li Qiang told senior officials of the U.S.-China Business Council (USCBC) delegation in Beijing on Wednesday that bilateral relations and economic and trade cooperation between the United States and China are facing difficulties. Ta. Photo taken in January 2023. REUTERS/Dado Ruvic

[北京２１日ロイター] – Chinese Premier Li Qiang told senior officials of the U.S.-China Business Council (USCBC) delegation visiting Beijing on the 21st that bilateral relations and economic and trade cooperation between the United States and China are facing difficulties. Indicated.

According to the state-run Xinhua News Agency, Li told USCBC Chairman Mark Casper, “At present, China-US relations and economic and trade cooperation are facing multiple difficulties. there is a need,” he said. On that basis, he hoped to cooperate with the United States to comply with international trade rules and ensure the stability of the global industrial network.

China’s Ministry of Industry and Information Technology said in a statement that Casper had met with Industry Minister Jin Zhao-Long on the same day and had “in-depth” exchanges of views on matters such as industrial development cooperation between the two countries.

#ChinaU.S #relations #trade #cooperation #face #difficulties #Premier
2023-08-21 14:21:00

August 21, 2023 0 comments

World

North Korea Accuses US and UN of ‘Conspiracy’ Over Human Rights Condemnation

by Chief editor of world-today-news.com August 21, 2023

written by Chief editor of world-today-news.com

North Korea’s state-run Korean Central News Agency (KCNA) said on August 19 that the United States was using the United Nations as part of a “conspiracy” against North Korea after the United Nations Security Council condemned the country’s human rights situation. I conveyed my point of view. A North Korean flag is seen near Panmunjom on February 7, 2023. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – North Korea’s official Korean Central News Agency (KCNA) said on Thursday that the United States was a “conspiracy” against North Korea after the United Nations Security Council condemned the country’s human rights situation. He reported that he was using

US Ambassador to the United Nations Thomas Greenfield said at a public meeting held on the 17th to discuss North Korea’s human rights violations that North Korean leader Kim Jong Un used “repression and atrocities” to develop nuclear weapons and ballistic missiles. accused of being

At the Japan-U.S.-ROK summit meeting held at Camp David, a mountain retreat near Washington, D.C. on the 18th, the countries agreed to strengthen military and economic cooperation in light of China’s growing influence and the threat posed by North Korea’s nuclear weapons. . They also agreed to hold military exercises every year and establish a system to share information on North Korea’s missile launch status in real time by the end of the year.

KCNA, citing a spokesperson for a human rights think tank, said, “We will never tolerate the conspiracy of the United States and its followers to denigrate North Korea’s human rights. I will protect it,” he said.

#North #Korea #condemns #U.S #conspiracy #human #rights #meeting #KCNA
2023-08-20 23:26:00

August 21, 2023 0 comments

World

Joint Statement Condemns China’s Dangerous and Aggressive Actions in South China Sea

by Chief editor of world-today-news.com August 18, 2023

written by Chief editor of world-today-news.com

Japan, the United States, and South Korea released a joint statement condemning China’s “dangerous and aggressive actions” in the South China Sea on the 18th. FILE PHOTO: Camp David in 2023. REUTERS/Evelyn Hockstein

[CAMPDAVID(MarylandUS)(Reuters)-Onthe18ththeleadersofJapantheUnitedStatesandSouthKoreaheldtalksatCampDavidamountainretreatinMarylandnearWashingtonUSAandissuedajointstatementthatChina’spositionintheSouthChinaSeaisdangerousAggressivebehavior”wasthestrongestcondemnationeverTheyalsoagreedtodeependefenseandeconomicties

U.S. President Biden held a trilateral summit with Prime Minister Fumio Kishida and South Korean President Yoon Seo-yeol on the same day. In a joint statement issued after the meeting, the three countries pledged to consult promptly in times of crisis and coordinate responses to regional challenges, provocations and threats affecting their common interests.

“We strongly oppose any attempt to unilaterally change the status quo in the Indo-Pacific region in light of China’s recent dangerous and aggressive behavior of unlawfully asserting maritime territorial claims in the South China Sea.” did.

Japan, the United States and South Korea also pledged to hold trilateral military drills every year and to be able to share real-time information on North Korean missile launches by the end of 2023. They also agreed to hold a Japan-U.S.-ROK summit every year.

In response to Russia’s aggression against Ukraine, the two sides agreed to continue to support Ukraine and to maintain strong and coordinated sanctions against Russia. They also agreed to further reduce their dependence on Russian energy.

#South #Korea #Japan #U.S #agree #deepen #defense #economic #ties
2023-08-18 18:02:00

August 18, 2023 0 comments

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