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Tag: China

Too much stimulus in the U.S. may bring ‘imported inflation’ to China, economists warn

Finance
Jason Lee | ReutersBEIJING — As the U.S. pumps trillions of dollars into its economy in the wake of the coronavirus pandemic, economists are concerned about spillover effects in China, including the risk of "imported inflation."Worries about high inflation, or rapidly rising prices, hit U.S. markets last week. The U.S. Congress is reviewing a $ 1.9 trillion stimulus plan that critics say could cause inflation to soar, and add to debt levels that rose following last year's historic $ 2 trillion stimulus package.In China, economists are wary of risks to growth as the country tries to recover fully from the shock of the pandemic."The large-scale issuance of U.S. Treasurys, and the rapid expansion of the Federal Reserve (balance sheet), have increased the spillover effect of U.S. macro polic
Biden urged to back AI weapons to counter China and Russia threats

Biden urged to back AI weapons to counter China and Russia threats

Technology
Getty Images/ReutersThe US and its allies should reject calls for a global ban on AI-powered autonomous weapons systems, according to an official report commissioned for the American President and Congress.It says that artificial intelligence will "compress decision time frames" and require military responses humans cannot make quickly enough alone.And it warns Russia and China would be unlikely to keep to any such treaty.But critics claim the proposals risk driving an "irresponsible" arms race."This is a shocking and frightening report that could lead to the proliferation of AI weapons making decisions about who to kill," said Prof Noel Sharkey, spokesman for the Campaign To Stop Killer Robots."The most senior AI scientists on the planet have warned them about the consequences, and yet th...
China denies subjecting US diplomats to COVID-19 anal tests

China denies subjecting US diplomats to COVID-19 anal tests

Health
China has denied subjecting U.S. diplomats to COVID-19 anal tests following reports from Washington that some of its personnel have been forced to undergo the procedureByThe Associated PressFebruary 25, 2021, 9:52 AM• 1 min readShare to FacebookShare to TwitterEmail this articleBEIJING -- China on Thursday denied subjecting U.S. diplomats to COVID-19 anal tests following reports from Washington that some of its personnel were being made to undergo the procedure.Chinese Foreign Ministry spokesperson Zhao Lijian told reporters at a daily briefing that “China has never asked U.S. diplomats in China to go through anal swab tests.”A U.S. State Department spokesperson said Washington was “committed to guaranteeing the safety and security of American diplomats and their families while preserving
Report: North Korea’s trade with China declined 80% in 2020

Report: North Korea’s trade with China declined 80% in 2020

Business
Feb. 22 (UPI) -- Two-way trade between North Korea and its biggest partner, China, fell 80.7% in 2020 amid the coronavirus pandemic, according to estimates from Seoul's Korea Trade-Investment Promotion Agency. North Korea imported about $ 491.06 million of goods from China last year, while exporting only $ 48 million of commodities and products to its neighbor, the Seoul agency's Shenyang branch said, Seoul Pyongyang News reported Monday. Two-way trade was about $ 539.06 million, reflecting a steep decline from the previous year, the report said. Advertisement Trade activity dropped significantly in February 2020, with two-way trade falling to $ 10.71 million in the immediate aftermath of the coronavirus epidemic that began in Wuhan, China. North Korea shut its 880-mile border with China ...
Covid: WHO says ‘extremely unlikely’ virus leaked from lab in China

Covid: WHO says ‘extremely unlikely’ virus leaked from lab in China

World
International experts investigating the origins of Covid-19 have all but dismissed a theory that the virus came from a laboratory in China.Peter Ben Embarek, the head of the World Health Organization (WHO) mission, said it was "extremely unlikely" that the virus leaked from a lab in the city of Wuhan.He said more work was needed to identify the source of the virus.The investigation could now focus on South East Asia, one expert said. The WHO team are currently at the end of their investigation mission. Wuhan, in China's central Hubei province, is the first place in the world that the virus was detected in 2019. Since then, more than 106 million cases and 2.3 million deaths have been reported worldwide.Dr Embarek told a press conference the investigation had uncovered new information but ha...