In this file photo taken on May 7, 2021 US Treasury Secretary Janet Yellen speaks during the daily press briefing, in the Brady Briefing Room of the White House in Washington, DC. Global equities marked time while the dollar dipped June 7, 2021 after US Treasury Secretary Janet Yellen downplayed fears over the prospect of higher interest rates triggered by a spike in inflation.
But she also raised concerns about the impact that China's excess industrial capacity could have on other countries. "Now, we see excess capacity building in 'new' industries like solar, EVs, and lithium-ion batteries," Yellen noted. "It is important to the president and me that American firms and workers can compete on a level playing field," said Yellen.
"We must also ensure that Chinese companies don't simply use our trade partners as a back door to the American market, or to distort it by locating minor operations here dependent on the Chinese supply chain in a way that displaces our emerging industries," said AAM President Scott Paul.
ANZ Research hiked its inflation forecast for the Philippines to 3.8 percent this year, from 3.5 percent previously, as risks...
Source: Car News Wire (carnewswire.net)
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China denies harassing Philippines in South China SeaChina rejects allegations of harassing Philippine boats in the South China Sea, stating that it is the Philippines who made provocative moves. The Chinese Ministry of Foreign Affairs defends China's actions as necessary measures to protect its sovereignty and interests.
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China's CNOOC discovers 100 million ton oilfield in South China SeaChina's national oil giant China National Offshore Oil Corp. (CNOOC) made an oilfield discovery with a volume of 100 million tons in the eastern South China Sea, the company announced on Friday. The new reserve was found in the Kaiping South Oilfield, 300 kilometers off the coast of Guangdong province in the south of the country.
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Australia, Britain call out China for Hong Kong, South China Sea and Russia supportThe two countries called out 'recent unsafe and destabilizing behavior by China's vessels against Philippine vessels and crew near Second Thomas Shoal in the South China Sea,' in a statement that contains unusually direct language on Beijing's activities in the...
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Envoy from EU, Australia, France, Japan, and US Condemn China's Actions in South China SeaEnvoy from the European Union, Australia, France, Japan, and the United States called out China for its 'dangerous actions' against Philippine vessels in the South China Sea after three Filipino servicemen were reported injured when their boat was blasted by Chinese water cannons. The boat, carrying supplies for Filipino troops, sustained heavy damage. The EU emphasizes the importance of respecting international rules and regulations for the safety of life at sea.
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DFA: China’s claim of historic rights to South China Sea ‘baseless and misleading’The Department of Foreign Affairs on Sunday responded to China's assertion of 'historic rights' in the South China Sea, calling its claims 'baseless and misleading.'
Source: gmanews - 🏆 11. / 68 Read more »
China says PH misleading int'l community, denies claiming entire South China SeaChinese foreign ministry spokesperson Wang Wenbin denied that China was claiming the entire South China Sea.
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