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China agree with US to boost climate co-operation | Source: BBC

China agreed with US to boost climate co-operation over the next decade, in a surprise announcement at the COP26 climate summit in Glasgow. It says both sides will “recall their firm commitment to work together” to achieve the 1.5C temperature goal set out in the 2015 Paris Agreement. China is the world’s largest emitter of carbon dioxide, followed by the US.

Source: BBC


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Sinopec signs China’s largest long-term LNG contract with U.S. firm | Source: Reuters

China’s Sinopec (600028.SS) has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest LNG long-term contract signed between Chinese and U.S. companies.

Source: Reuters


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China opposes US revocation of licence for China Telecom | Source: Strait Times

China “resolutely opposes” Washington’s revocation of China Telecom Corp Inc’s licence to operate in the United States, urging a reversal of the move. The US Federal Communications Commission cited national security concerns for the move, saying China Telecom targeted its mobile virtual network at more than four million Chinese Americans; two million Chinese tourists a year visiting the United States; 300,000 Chinese students at American colleges; and the more than 1,500 Chinese businesses in America.

Source: Strait Times


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China Telecom banned in US over national security concerns | Source: Daily Sabah

Worried over “significant” national security concerns, the United States banned China Telecom from operating in the country, straining already tense relations between the superpowers to a greater extent. The move marks the latest salvo in a long-running standoff that has pitted the world’s biggest two economies against each other over a range of issues including Taiwan, Hong Kong, human rights, trade and technology. It also comes as U.S. President Joe Biden presses ahead with a hardline policy against Beijing broadly in line with that of his predecessor Donald Trump, whose bombastic approach sent tensions soaring.

Source: Daily Sabah


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China’s Sinopec signs up for more US LNG | Source: Energy Voice

China’s Sinopec signed a deal with US liquefied natural gas (LNG) developer Venture Global LNG that will double China’s imports of LNG from the US. Last week, Cheniere, located in Texas, signed a long-term LNG supply contract with China’s ENN Natural Gas, the first major US-China deal since 2018. Over the past three years, new LNG deals between the two great powers were put on ice as rising political tensions under the Trump administration thwarted trade. Expect more supply deals of this kind to be announced in future, as China faces an energy crunch and has now overtaken Japan as the world’s largest LNG importer.

Source: Energy Voice


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China urges U.S. to stop abusing state power to suppress Chinese firms | Source: CGTN

China urged the United States to stop abusing state power to suppress Chinese firms, after the U.S. Federal Communications Commission stated earlier this week that it would be launching a new program to help replace all the Huawei-made equipment in the country’s networking infrastructure. The so-called “national security” is nothing but a clumsy excuse for the United States to implement national bullying and trade protectionism against Chinese high-tech companies, China Foreign Ministry said.

Source: CGTN


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US outlines increased missile defenses as North Korean threats ramp up | Source: NK News

A Terminal High Altitude Area Defense (THAAD) interceptor is launched during the system’s first operational test at the Pacific Missile Range Facility in Kauai, Hawaii on Oct. 5, 2011.

The Pentagon will introduce better interceptors and bolster its missile defense posture to respond to challenges including North Korea’s continued development of intercontinental ballistic missile (ICBMs) and submarine-launched ballistic missiles (SLBMs). “Despite economic sanctions and the continued impact of COVID-19, North Korea continues to modernize and increase the survivability, lethality and diversification of its missile force,” Top U.S. defense official said.

Source: NK News


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US Senate votes for bill to help compete with China | Source: Al Jazeera

A hardline in dealings with China is one of the few themes uniting a divided Congress [File: Stefani Reynolds/Bloomberg] (Bloomberg)

The US Senate approved a sweeping package of legislation intended to boost the country’s ability to compete with Chinese technology and research, in semiconductors and telecommunications equipment, among others. China’s parliament expressed “strong indignation and resolute opposition” to the bill.

Source: Al Jazeera


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Joe Biden Bans Investment in Dozens of Chinese Firms | Source: The Wire

U.S. President Joe Biden delivers remarks on the U.S. economy in the East Room at the White House in Washington, U.S., May 10, 2021.

President Joe Biden signed an executive order that bans US entities from investing in dozens of Chinese companies with alleged ties to defence or surveillance technology sectors, a move his administration says expands the scope of a legally flawed Trump-era order.

Source: The Wire


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Exports of Russian crude to US soared to 12-year high despite ongoing political tensions | Source: Neftegaz.RU

US daily imports of Russian oil have hit new highs, despite tough talk on a wide range of issues, including energy. Russia -the country’s 2nd biggest oil supplier after Canada- remains one of the US’ biggest strategic partners in the energy sector, despite long-standing tensions between Moscow and Washington.

Source: Neftegaz.RU


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