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China’s new ambassador to the U.S. arrives to ‘safeguard’ Beijing’s pursuits

Xie Feng, China’s new ambassador to the U.S., addresses the media as he arrives at JFK airport in New York Town, Might 23, 2023.

Brendan McDermid | Reuters

China’s new ambassador to the U.S. arrived in New York Tuesday with a decision to “safeguard the pursuits of China,” in step with a unlock from the rustic’s embassy within the U.S.

Xie Feng assumes place of job after a duration of about six months wherein China has had no ambassador to the U.S. He was once maximum lately a vice international minister.

Xie stated Tuesday the bilateral courting faces “severe difficulties and demanding situations,” and his project is to “reinforce China-U.S. exchanges and cooperation,” the discharge stated in English.

The U.S. Division of State didn’t right away reply to a CNBC request for remark.

The prior ambassador, Qin Gang, was once promoted in December to change into China’s new international minister. Previous this month, Qin met U.S. Ambassador to China Nicholas Burns in Beijing for the primary time.

Tensions between the 2 international locations escalated in February after the U.S. shot down an alleged Chinese language secret agent balloon over American airspace. U.S. Secretary of State Antony Blinken had deliberate to talk over with Beijing round that point, however determined to put off the shuttle after the balloon incident.

Over the weekend, U.S. President Joe Biden stated the ones tensions would “start to thaw very in a while.”

“We are not having a look to decouple from China, we are having a look to de-risk and diversify our courting with China,” Biden instructed journalists following the Crew of Seven assembly in Hiroshima, Japan, in step with a White Area transcript.

Probably the most positive situation for a ‘thaw’ is just a halt within the decline of family members.

He didn’t speak about doable new regulations restricting U.S. companies’ funding in complicated Chinese language era.

“Probably the most positive situation for a ‘thaw’ is just a halt within the decline of family members,” Gabriel Wildau, managing director at consulting company Teneo, stated in a word. “For monetary markets and multinational corporations working in China, then again, any such halt could be important.”

“Even absent concrete coverage adjustments, a common sense that the downward spiral has stopped may just scale back menace perceptions and release new funding.”

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