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US Treasury chief Janet Yellen leaves China after ‘difficult conversations’, overcapacity gripes
US Treasury chief Janet Yellen leaves China after ‘difficult conversations’, overcapacity gripes
While Beijing considers Taiwan part of its territory and the US does not consider the island a sovereign state, Ukraine is a sovereign state that was invaded by Russia in February 2022.
Campbell, who was speaking during a discussion with Stephen Orlins, president of the New York-based National Committee on US-China Relations, said Beijing had decided “to provide the necessary wherewithal in terms of machine tools, joint use capabilities, a whole variety of capacities to basically allow Russia to retool”.
He said his team had “told China directly if this continues, it will have an impact on the US-China relationship”.
“We will not sit by and say everything is fine, for instance, if Russia’s offences continue and they gain territory in Ukraine, that will alter the balance of power in Europe in ways that are, frankly, unacceptable from our perspective,” Campbell added.
China turns up protest over treatment of Chinese arrivals by US border officials
China turns up protest over treatment of Chinese arrivals by US border officials
Campbell’s comments come amid a series of high-level bilateral engagements in which both sides are confronting each other on thorny issues that appear difficult to resolve.
Far from signalling greater understanding on the issue, Beijing’s post-call readout characterised these restrictions as “an endless stream of measures to suppress China’s economy, trade, science and technology”.
In a response to the talks from state news agency Xinhua, Beijing said it had responded fully “to the production capacity issue” and expressed “serious concerns” about US trade restrictions against China.
While not central to her discussions with Vice-Premier He, Yellen also had a message about Beijing’s economic engagement with Russia, warning of “significant consequences” if Chinese companies provided material support for Russia’s invasion of Ukraine.
In remarks to reporters after the meeting, she said China had assured her it would not do so and did not want this to be a bilateral issue, according to Reuters.
Senators propose plan to stem flow of US tech to adversaries
Senators propose plan to stem flow of US tech to adversaries
Still, Campbell said recent high-level dialogues with China – including an “upcoming” visit to Beijing by Secretary of State Antony Blinken – indicated that the Chinese government was “determined to keep US-China relations on a steady, stable path”.
“I think we are now back to a situation in which the lines of communication are almost fully open,” he added. “What we’re still seeking … is more engagement on the military and operational side and I think the Chinese system is ready to take those steps, and we’re ready to meet them halfway and in keeping those lines of communications open.”