A senior US senator, leading the first congressional trip to China in four years, yesterday said that the US does not want to cut economic ties with the world’s second-largest economy, but seeks a level playing field so that US companies can compete freely.
US Senate Majority Leader Chuck Schumer and five other senators arrived in Shanghai earlier in the day on a three-country tour that is to also take them to South Korea and Japan. The trip comes amid a sharp deterioration in relations between the US and China and as officials try to lay the groundwork for a possible meeting between US President Joe Biden and Chinese President Xi Jinping (習近平) next month.
“We are prepared to compete, but we do not seek to conflict,” Schumer told Chinese Communist Party Secretary of Shanghai Chen Jining (陳吉寧) shortly after the delegation’s arrival.
Photo: AFP
Chen avoided specific issues in his public remarks, saying that a healthy and stable China-US relationship would benefit the entire world.
Noting the presence of 5,640 US companies in Shanghai, he said he is happy to have the opportunity to discuss how to promote trade at a local level.
The US has placed tariff and other trade restrictions on China over national security, human rights and other concerns, and blocked access to advanced semiconductors and other key technologies. China has accused the US of seeking to contain its economic development as it emerges as a global power and potential threat to the US-led international order.
Schumer said the US wants Chinese to have increased economic opportunities, but that many Americans feel China does not treat US companies fairly.
“We believe we need reciprocity allowing American companies to compete as freely in China as Chinese companies are able to compete here,” he said.
Schumer also raised the issue of Chinese companies that have stopped making fentanyl, but which the US government says continue to supply the ingredients for production of the opioid in Mexico.
“They are fueling the fentanyl crisis that is poisoning communities across the United States,” he said. “Every one of us knows families who have lost young men and women to fentanyl.”
China has said that it maintains strict control of the chemicals to ensure they are not exported for illegal purposes and that the US should stop shifting the blame for its failure to curb drug abuse.
In a reminder of the tensions between the two countries, the Chinese Ministry of Commerce yesterday said that new US restrictions placed on 42 Chinese companies were “a typical act of economic coercion and unilateral bullying.”
The US Department of Commerce on Friday added the Chinese companies and seven others to its entity list.
It said the companies supplied “US-origin” semiconductors that Russia uses for missile guidance systems and drones in the war against Ukraine.
US companies cannot export to organizations on the entity list without obtaining a special license.
A Chinese international relations expert said that Schumer’s visit is a sign of improvement in China-US relations.
The senators hope to meet Xi in Beijing during their visit.
“If the talks proceed well, there is the possibility that President Xi will meet Schumer,” said Wang Yiwei (王義桅), director of Renmin University’s Institute of International Affairs. “If their meeting is realized, the chances for a Xi-Biden meeting will become greater.”
CRITICAL MOVE: TSMC’s plan to invest another US$100 billion in US chipmaking would boost Taiwan’s competitive edge in the global market, the premier said The government would ensure that the most advanced chipmaking technology stays in Taiwan while assisting Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in investing overseas, the Presidential Office said yesterday. The statement follows a joint announcement by the world’s largest contract chipmaker and US President Donald Trump on Monday that TSMC would invest an additional US$100 billion over the next four years to expand its semiconductor manufacturing operations in the US, which would include construction of three new chip fabrication plants, two advanced packaging facilities, and a research and development center. The government knew about the deal in advance and would assist, Presidential
‘DANGEROUS GAME’: Legislative Yuan budget cuts have already become a point of discussion for Democrats and Republicans in Washington, Elbridge Colby said Taiwan’s fall to China “would be a disaster for American interests” and Taipei must raise defense spending to deter Beijing, US President Donald Trump’s pick to lead Pentagon policy, Elbridge Colby, said on Tuesday during his US Senate confirmation hearing. The nominee for US undersecretary of defense for policy told the Armed Services Committee that Washington needs to motivate Taiwan to avoid a conflict with China and that he is “profoundly disturbed” about its perceived reluctance to raise defense spending closer to 10 percent of GDP. Colby, a China hawk who also served in the Pentagon in Trump’s first team,
SEPARATE: The MAC rebutted Beijing’s claim that Taiwan is China’s province, asserting that UN Resolution 2758 neither mentions Taiwan nor grants the PRC authority over it The “status quo” of democratic Taiwan and autocratic China not belonging to each other has long been recognized by the international community, the Mainland Affairs Council (MAC) said yesterday in its rebuttal of Beijing’s claim that Taiwan can only be represented in the UN as “Taiwan, Province of China.” Chinese Minister of Foreign Affairs Wang Yi (王毅) yesterday at a news conference of the third session at the 14th National People’s Congress said that Taiwan can only be referred to as “Taiwan, Province of China” at the UN. Taiwan is an inseparable part of Chinese territory, which is not only history but
INVESTMENT WATCH: The US activity would not affect the firm’s investment in Taiwan, where 11 production lines would likely be completed this year, C.C. Wei said Investments by Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in the US should not be a cause for concern, but rather seen as the moment that the company and Taiwan stepped into the global spotlight, President William Lai (賴清德) told a news conference at the Presidential Office in Taipei yesterday alongside TSMC chairman and chief executive officer C.C. Wei (魏哲家). Wei and US President Donald Trump in Washington on Monday announced plans to invest US$100 billion in the US to build three advanced foundries, two packaging plants, and a research and development center, after Trump threatened to slap tariffs on chips made