China 'has the upper hand' as U.S. asks Beijing to release oil reserves - Global Times

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

The United States is 'turning to China for help' to cool inflation by releasing some of its oil reserves, the state-backed Global Times said in an editorial on Wednesday, adding that the move will benefit everyone but China 'has the upper hand.'

Inflation is threatening President Biden's Democratic Party in next year's mid-term elections, said the Global Times.

"As a result, the Biden administration will have to turn to China again. This is a direction that benefits everyone, but China clearly has the upper hand." The Global Times is published by the People's Daily, the official newspaper of China's ruling Communist Party. The United States and China disagree on the origins of the COVID-19 pandemic, trade and competition rules, Beijing's expanding nuclear arsenal and its stepped-up pressure on Taiwan, among other issues. But Biden and Chinese leader Xi Jinping held lengthy virtual talks last week, which were widely seen as a joint effort to improve icy relations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

2013,I went to Cambodia, invest local house product for high rent, have almost no return. The government, consumer service center tell me it was a fraud, the seller said they are not criminal, I really don’t know what to do.

I don't think so. Lowering oil prices is good for both China and the United States. It doesn't matter who has the upper hand. Mutual respect and win-win cooperation. In fact, the United States has enough oil reserves. He just wants China and Japan to share the risks.

China has the west over a barrel of oil… With the great decline in the wests morality due to the rise of Marxist ideology encouraging BLM, climate change protests and gender politics China is steaming ahead (helped by covid) to be the dominant force in the world by far.

Ill reported!!! globaltimesnews is a propaganda news agency. How can China claim to have upper hands when at the same time India is also releasing its oil reserves. Just rubbish!

China owns the world

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

K-Drama ‘Hometown Cha-Cha-Cha’ No. 8 On Global Charts Following ‘Squid Game’ SuccessWith 'Squid Game' being 1, two Korean shows have made the chart simultaneously. At 1st it looks simple & cliche kdrama bt when u keep watching u can understand not every drama needs to b intense & twisted.. Sometimes ur everyday simple life story can b Extra ordinary if u look at it in a different and positive view.. Homcha is such soothing drama..KimSeoHo HometownChaChaCha KimSeonHo 2nd repost 😂👍
Source: Forbes - 🏆 394. / 53 Read more »

Bank of America picks global stocks to buy in an inflationary 'boom' periodBank of America believes the cycle — marked by rising inflation and bond yields — could benefit certain stocks that have outperformed in previous boom periods.
Source: CNBC - 🏆 12. / 72 Read more »

RTS Craft Winners; Warner Australia Deal; Viaplay Norwegian Original — Global BriefsRTS Craft Winners Revealed Channel 4 shows We Are Lady Parts and It’s A Sin were the big winners at last night’s Royal Television Society (RTS) Craft & Design Awards 2021, while the…
Source: DEADLINE - 🏆 109. / 63 Read more »

‘Snowball effect’: The global reasons why you can’t buy what you want right nowNEW: Liquor makers can't find enough glass, incomplete toy sets sit in factories, wheelchair makers are waiting months for tires, and chicken tenders have never been more expensive. How a supply chain crisis is affecting industries across America: Remember when cars and all their parts were made in America but everyone wanted unions gone so now the auto industry comes to a full halt because of computer chips. Good times right PS… bring all that shit into the ports in FL and we’ll take care of it Elections have consequences.
Source: NBCNews - 🏆 10. / 86 Read more »

CNN Portugal Launches, Run By Media Capital and a Sign of Portugal’s New Global AmbitionsCelebrated by a VIP evening event at Lisbon’s imposing Jerónimos Monastery, CNN and partner Media Capital will bow CNN Portugal today at 21:00 GMT, marking the biggest news launch for many years in… DanFaulksCNN DanFaulksCNN how can I get a business that’s nothing short of the most inspiring business in America featured on passiontoportfolio
Source: Variety - 🏆 108. / 63 Read more »

‘Billion Dollar Whale’ Series Adaptation In Works From SK Global & WestwardHouse Of Cards creator and showrunner Beau Willimon and his Westward producing partner Jordan Tappis have teamed with Crazy Rich Asians’ co-financier SK Global to develop a television series …
Source: DEADLINE - 🏆 109. / 63 Read more »