Skip to content
urity”, signed an executive order on May 15 that led the US Department of Commerce to put Huawei and its affilia
tes on an Entity List, which would restrict the sale or transfer of US technologies to the company.
Craig Allen, president of the council, said many of its members are suppliers to Huaw
ei, and all of them have been impacted by the Department of Commerce’s move.
Founded in 1973, the council represents around 200 US companie
s doing business with China, including Apple and Microsoft. It also includes chipmakers Inte
l and Qualcomm, which have said they would stop offering supplies to Huawei until further notice.
The members will follow US law, but there is a cost associated with that, Allen told China Daily.
On May 22, on her own program, The Point With Liu Xin, Liu a top anchor on the English-languag
e channel of CGTN, said the $600 billion figure is an estimate by a nonprofit organization that had not been verified.
Liu said it refers to the US’ possible IP loss to the world in a year, according to the organization’s report, China Daily reported.
She said Regan’s points were “all emotion” with “little substance”.
Regan responded on Twitter: “Hey #China State TV – let’s have an HONEST debate on #trade. You
accuse me of being ’emotional’ and not knowing my facts – wrong! You name the time and place, and I’ll be there!”
In accepting the challenge, Liu wrote on Twitter: “My name is not #China State TV. It’s LIU Xin and ple
ase, feel free to call me Xin. … But I don’t want to play any mud throwing game, if that’s what you prepare to do.”
has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks.
The Greens are one of the big winners in the elections (even beating Germ
any’s Social democrats into second place), and they will seek to impose strict conditions reg
arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif
ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement.
Although the nationalist and populist parties now have more seats, it does not mean they will form a united front in the EP. Th
ere are divisions on trade, on the environment and on dealing with China. Some of these parties, such as the Na
tional Front, are seen as firm opponents of free trade, whereas Alternative for Germany and Matteo Sal
vini’s Lega Nord in Italy tend to be more supportive (depending on the content of the trade agreement).
also partnered with local authorities in Hefei to test autonomous
driving technologies, including robotaxis and autonomous fleet management, and on-de
mand mobility services, like ride hailing and car sharing, but none of the parties revealed the details.
Kong Xuanyou, vice-foreign minister and special representative of the Chinese government on
Korean Peninsula affairs, will take up his new post as Chinese ambassador to Japan on Thursday.
Kong, 59, is a fluent Japanese speaker. During his 34-year diplomatic care
er, he has spent two-thirds of the time dealing with issues related to Japan.
He has served in Chinese diplomatic missions in Japan on three occasions, and was China’s ambassador to Vietnam from 2011 to 2014.
ented by its unilateral and protectionist moves, has harmed both countries’ economic interests an
d proved to be a drag on the global economy, as the recent turmoil in the international capital market shows.
Simulation tests of large general equilibrium models show that
both countries’ economic indicators would suffer due to the US tariff hike on $200 billio
n of Chinese goods two weeks ago. For example, China’s GDP could decline by 0.657 percent, manufacturing jobs by 1.02
8 percent, exports by 3.359 percent, and imports by 1.384 percent, while the decrease in the US’ GDP would be 0.004 per
cent, manufacturing jobs 0.652 percent, exports 1.876 percent, and imports 3.883 percent. And global GDP, ma
nufacturing jobs and trade could reduce by 0.123 percent, 0.28 percent and 0.79 percent.