Scroll to the top

{{ subpage.title }}

U.S. Treasury Secretary Janet Yellen meets Chinese Premier Li Qiang at the Great Hall of the People in Beijing, China, April 7, 2024.

Tatan Syuflana/Pool via REUTERS

EVs, economics, and a warning from Yellen in China

During her weekend visit to Beijing and Guangzhou, US Treasury Secretary Janet Yellen emphasized that the US-China relationship is on a "more stable footing" – but there are still imbalances to address.

Chief among them: China's industrial overcapacity and its effects on the global economy. Yellen and Chinese Vice Premier He Lifengagreed to kickstart formal talks to address China’s growing overproduction of electric vehicles and solar panels, which the US says is distorting global markets and undercutting American jobs.

Read moreShow less

FILE PHOTO: Chinese Premier Li Qiang delivers the work report at the opening session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China March 5, 2024.

REUTERS/Florence Lo/File Photo

China worries about falling behind on AI

Chinese researchers at the Beijing Academy of Artificial Intelligence have reportedly issued a warning to Chinese Premier Li Qiang that the country is falling far behind the United States when it comes to artificial intelligence.

The researchers said there’s “a serious lack of self-sufficiency” in the Chinese technology space, especially since researchers are dependent on open-source large language models like Meta’s LLaMA.

Read moreShow less

Chinese President Xi Jinping (L) converses with Premier Li Qiang on the first day of a weeklong meeting of the Chinese People's Political Consultative Conference, China's top political advisory body, at the Great Hall of the People in Beijing on March 4, 2024.

Kyodo via Reuters Connect

China’s Two Sessions: It’s a Xi show

On Monday, Beijing scrapped a closing press conference for its annual “Two Sessions” meeting of its rubber-stamp parliament, pausing a three-decade long annual tradition for China’s premier (the No. 2 guy). That means the foreign press will lose a rare chance to speak to Premier Li Qiang, one of China’s most powerful people.

Read moreShow less

Chinese Premier Li Qiang speaks at his first press conference after his appointment to the post at the Great Hall of the People in Beijing last March.

Kyodo via Reuters

China’s charm offensive: Li Qiang works to woo back foreign investment

China suffered an outflow of foreign direct investment last year (in Q3) for the first time since records began in 1979. It was a sure sign that foreign, particularly American, firms have chosen to “friend-shore” their business, pulling money out of China.

Investors are spooked by Xi Jinping’s vague national security laws and America’s policy of encouraging a reduction of investment in China, particularly in sectors deemed strategically important like semiconductors.

Read moreShow less

Flags of the European Union and China are seen in this multiple-exposure illustration.

illustration by Jakub Porzycki/NurPhoto via Reuters

Viewpoint: Amid deepening divisions, EU and Chinese leaders set to meet this week

European Commission President Ursula von der Leyen and European Council President Charles Michel will visit Beijing on Dec. 7 for in-person meetings with President Xi Jinping and Premier Li Qiang. The two sides want to show a commitment to dialog at a time when their relations are coming under mounting strain, as underscored by the recent opening of an EU probe into unfair Chinese competition in the electric vehicle sector.

Similar to last month’s meeting between Xi and US President Joe Biden, this week’s EU-China summit is not expected to produce any major breakthroughs. To find out more, we spoke with Emre Peker, a director for Eurasia Group’s Europe practice, and Anna Ashton, a director for the China practice.

Read moreShow less

Subscribe to our free newsletter, GZERO Daily