China’s brand-new U.S. ambassador shows up to ‘protect’ Beijing’s interests

Xie Feng, China’s brand-new ambassador to the U.S., deals with the media as he gets to JFK airport in New york city City, May 23, 2023.

Brendan McDermid|Reuters

China’s brand-new ambassador to the U.S. got here in New york city Tuesday with a call to “protect the interests of China,” according to a release from the nation’s embassy in the U.S.

Xie Feng presumes workplace after a duration of about 6 months in which China has actually had no ambassador to the U.S. He was most just recently a vice foreign minister.

Xie stated Tuesday the bilateral relationship deals with “severe problems and obstacles,” and his objective is to “improve China-U.S. exchanges and cooperation,” the release stated in English.

The U.S. Department of State did not right away react to a CNBC ask for remark.

The previous ambassador, Qin Gang, was promoted in December to end up being China’s brand-new foreign minister. Previously this month, Qin satisfied U.S. Ambassador to China Nicholas Burns in Beijing for the very first time.

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Stress in between the 2 nations intensified in February after the U.S. shot down a supposed Chinese spy balloon over American airspace. U.S. Secretary of State Antony Blinken had actually prepared to check out Beijing around that time, however chose to delay the journey after the balloon event.

Over the weekend, U.S. President Joe Biden stated those stress would “start to thaw extremely quickly.”

” We’re not seeking to decouple from China, we’re seeking to de-risk and diversify our relationship with China,” Biden informed press reporters following the Group of 7 conference in Hiroshima, Japan, according to a White Home records.

The most positive situation for a ‘thaw’ is just a stop in the decrease of relations.

He did not talk about prospective brand-new guidelines restricting U.S. organizations’ financial investment in sophisticated Chinese innovation.

” The most positive situation for a ‘thaw’ is just a stop in the decrease of relations,” Gabriel Wildau, handling director at speaking with company Teneo, stated in a note. “For monetary markets and international business running in China, nevertheless, such a stop would be substantial.”

” Even missing concrete policy modifications, a basic sense that the down spiral has actually stopped might lower danger understandings and open brand-new financial investment.”

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