Archives of “International sanctions during the Ukrainian crisis” tag

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China – US summit meeting coming up today, Thursday 18 March 2021

  
Analysis, Politics
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A high level US-China meeting is happening in Alaska today.

 

  •  China’s upper echelon diplomats will meet With Blinken and Sullivan

 

Unnamed sources with what is on the agenda on the Chinese side:

 

  • China is to propose a reversal of the Trump-era China policies
  •  China to propose lifting of US sanctions and restrictions on Chinese companies
  •  China will propose a Biden-Xi virtual meeting during the April climate summit

 

 

Wall Street Journal has more here (may be gated)

On the horizon next week – vote in US Congress to sanction China officials over human rights abuse

  
  Analysis
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The US House (lower house of the Congress) plans to vote next week on moves to impose sanctions on Chinese officials over human rights abuses against Muslim minorities

  • the bill was approved by the Senate on May 14
This is in relation to the internment of more than 1 million Uighurs and members of other Muslim minority groups in the Xinjiang region of China
This is another indication of rising US/China strains. As these increase they tend to be a negative input for financial market risk assets (and FX) and supportive of safe haven alternatives. Add it the growing list, recent examples:
  • China will not back down from “US quickening technology war mongering” – warn of “ample countermeasures”
  • US to add 33 Chinese firms, institutions to an economic blacklist – accusation of helping China spy, links to WMDs
  • US accuses China government of blocking US airlines flying to China
  • US administration is suspicious of China nuclear weapon tests – may do so too

And, of course:

  • coronavirus origin and spread
  • trade
  • tension over new rules from Beijing to be imposed on Hong Kong
  • Taiwan
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