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      in Elections

      China Shows Few Signs of Tilting Economy Toward Consumers in New Plan

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      The Communist Party rebuffed calls from economists to shift away from investment-led growth and toward consumer spending.China engaged in a monthslong drumbeat of anticipation that a Communist Party leaders’ meeting would show the way to a new era of growth for the slowing economy.The outcome was a plan released on Sunday offering more than 300 steps on everything from taxes to religion. It echoed many familiar themes, like an emphasis on government investments in high-tech manufacturing and scientific innovation. There was little mention of anything that would directly address China’s plunging real estate prices or the millions of unfinished apartments left behind by failed developers.Many economists had called for a comprehensive effort to rebalance the Chinese economy away from investment and toward consumer spending. But the document — roughly 15,000 words in the English translation — made a brief and cautious call to “refine long-term mechanisms for expanding consumption.”The Communist Party’s Central Committee doubled down on industrial policy. The party promised to “promote the development of strategic industries” in eight sectors, from renewable energy to aerospace. Those were essentially the same industries as in the country’s decade-old Made in China 2025 plan to replace imports of high-tech goods with locally produced products, as part of a national push for self-reliance.A similar plan in 2013 had many provisions that have never been put into effect, such as a plan to roll out a nationwide property tax to raise money for local governments.Many of these local governments have fallen far into debt since then. Sunday’s plan proposed a different solution: The central government should become responsible for more of the country’s spending. It also called for expanding local tax revenues, but had only a bare mention of a real estate tax.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in US Politics

      Donald Trump says Xi Jinping wrote him a ‘beautiful note’ after rally shooting

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      Donald Trump has said China’s president wrote him a “beautiful note” after the assassination attempt a week ago, as he continued to court leaders whom Joe Biden has criticised as dictators.In his first campaign rally since narrowly escaping the attempt on his life in Pennsylvania, Trump told a crowd in Michigan on Saturday: “[President Xi Jinping] wrote me a beautiful note the other day when he heard about what happened.”The Republican presidential nominee recalled how he described Xi as “a brilliant man, he controls 1.4 billion people with an iron fist”, adding that the Chinese leader makes people like Biden look like “babies”.As well as familiar attacks on Biden and Vice-President Kamala Harris, Trump also used the rally in Grand Rapids to hail Xi and Vladimir Putin as “smart, tough” figures who “love their country”, echoing praise he gave in 2022 of the Russian president’s strategy to invade Ukraine. In that same 2022 speech, at a rally in Georgia, Trump called North Korean dictator Kim Jong-un “tough”, and said of Kim and Xi: “The smartest one gets to the top.” On Saturday, Trump said he “got along very well” with both leaders.Still wearing a small wound dressing a week after the shooting, Trump also publicly supported the Hungarian prime minister, Viktor Orbán, saying he was right in saying that “we have to have somebody that can protect us”. Orbán was this week accused by the Ukrainian president, Volodymyr Zelenskiy, of betraying European leaders after he travelled to Moscow for what he called a “peace mission”, holding a joint press conference with Putin in which the Russian leader told Kyiv to give up more land, pull back its troops and drop its efforts to join Nato.After meeting Trump recently in Florida, Orbán flagged the likelihood of a Trump victory, and urged European leaders to reopen “direct lines of diplomatic communication” with Russia and “high-level political talks” with China.Trump’s reference to a “beautiful note” from Xi echoes the now-famous “love letters” he received from North Korea’s Kim. In September 2018, Trump told a rally in West Virginia: “We fell in love. No, really. He wrote me beautiful letters.”The Washington Post reporter Bob Woodward later obtained 25 letters between Trump and Kim for his second book on the Trump presidency, Rage.In one letter, about a meeting in Singapore in June 2018, Kim wrote: “Even now I cannot forget that moment of history when I firmly held Your Excellency’s hand at the beautiful and sacred location as the whole world watched.”After a summit in Vietnam in February 2019, Kim wrote that “every minute we shared 103 days ago in Hanoi was also a moment of glory that remains a precious memory”.The summits did not reduce tensions with North Korea.With Reuters More

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      in Elections

      Dozens Dead or Missing After China Highway Collapse

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      It was the second such rain-related disaster in less than three months, as extreme weather challenges the country’s extensive network of newly built expressways.At least a dozen people were killed and many more remained missing on Saturday after part of a highway bridge collapsed Friday night amid heavy rain in western China. It was the second deadly episode in the country in less than three months involving the failure of a stretch of highway.State media reported early Saturday afternoon that 12 bodies and seven vehicles had been found, and that one person had been rescued. Eighteen vehicles and 31 people were still missing.A photograph released by the official Xinhua news agency on Saturday showed how a bridge in one direction of the highway had snapped. A section of it was folded downward, nearly perpendicular, into a churning, muddy river. A separate bridge that supported traffic in the other direction remained standing.The head of the Ministry of Emergency Management, Wang Xiangxi, went to the site Saturday morning and was overseeing a rescue effort that involved 869 people, 93 vehicles, 41 drones, 20 boats and a sonar system, according to the authorities.Both Xi Jinping, China’s top leader, and Premier Li Qiang, the country’s second-highest leader, ordered all-out rescue efforts.They had issued similar instructions after the previous disaster, which occurred on May 1 also amid heavy rain. At least 48 people died after a section of expressway running along the side of a hill in southeastern China gave way, apparently because a landslide began underneath it. Mr. Xi had ordered that local governments across China pay more attention to identifying and dealing with such risks.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      After CrowdStrike Causes Outage, Are U.S. Networks Safe?

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      With each cascade of digital disaster, new vulnerabilities emerge. The latest chaos wasn’t caused by an adversary, but it provided a road map of American vulnerabilities at a critical moment.In the worst-case scenarios that the Biden administration has quietly simulated over the past year or so, Russian hackers working on behalf of Vladimir V. Putin bring down hospital systems across the United States. In others, China’s military hackers trigger chaos, shutting down water systems and electric grids to distract Americans from an invasion of Taiwan.As it turned out, none of those grim situations caused Friday’s national digital meltdown. It was, by all appearances, purely human error — a few bad keystrokes that demonstrated the fragility of a vast set of interconnected networks in which one mistake can cause a cascade of unintended consequences. Since no one really understands what is connected to what, it is no surprise that such episodes keep happening, each incident just a few degrees different from the last.Among Washington’s cyberwarriors, the first reaction on Friday morning was relief that this wasn’t a nation-state attack. For two years now, the White House, the Pentagon and the nation’s cyberdefenders have been trying to come to terms with “Volt Typhoon,” a particularly elusive form of malware that China has put into American critical infrastructure. It is hard to find, even harder to evict from vital computer networks and designed to sow far greater fear and chaos than the country saw on Friday.Yet as the “blue screen of death” popped up from the operating rooms of Massachusetts General Hospital to the airline management systems that keep planes flying, America got another reminder of the halting progress of “cyber resilience.” It was a particularly bitter discovery then that a flawed update to a trusted tool in that effort — CrowdStrike’s software to find and neutralize cyberattacks — was the cause of the problem, not the savior.Only in recent years has the United States gotten serious about the problem. Government partnerships with private industry were put together to share lessons. The F.B.I. and the National Security Agency, along with the Cybersecurity and Infrastructure Security Agency at the Homeland Security Department, issue bulletins outlining vulnerabilities or blowing the whistle on hackers.President Biden even created a Cyber Safety Review Board that looks at major incidents. It is modeled on the National Transportation Safety Board, which reviews airplane and train accidents, among other disasters, and publishes “lessons learned.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Elections

      New Taiwan President Lai Ching-te Faces Big Challenges

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      President Lai Ching-te has vowed to stay on his predecessor’s narrow path of resisting Beijing without provoking it. It won’t be easy.Taiwan’s president, Lai Ching-te, was sworn into office on Monday, facing hard choices about how to secure the island democracy’s future in turbulent times — with wars flaring abroad, rifts in the United States over American security priorities, and divisions in Taiwan over how to preserve the brittle peace with China.Mr. Lai began his four-year term as Taiwan’s president in a morning ceremony, ahead of giving an inaugural speech laying out his priorities to an audience outside the presidential office building in Taipei, Taiwan’s capital.He has said that he would keep strengthening ties with Washington and other Western partners while resisting Beijing’s threats and enhancing Taiwan’s defenses. Yet he may also extend a tentative olive branch to Beijing, welcoming renewed talks if China’s leader, Xi Jinping, sets aside his key precondition: that Taiwan accept that it is a part of China.“We’ll see an emphasis on continuity in national security, cross-strait issues and foreign policy,” said Lii Wen, an incoming spokesman for the new leader, whose Democratic Progressive Party promotes Taiwan’s separate status from China.But Mr. Lai, 64, faces hurdles in trying to hold to the course set by his predecessor, Tsai Ing-wen.Unlike Ms. Tsai, Mr. Lai is less seasoned in foreign policy negotiations, and has a record of combative remarks that can come back to haunt him. He also must deal with two emboldened opposition parties that early this year won a majority of seats in the legislature — a challenge that Ms. Tsai did not face in her eight years as president.Preparations for the inauguration at the presidential office building in Taipei on Friday.Yasuyoshi Chiba/Agence France-Presse — Getty ImagesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      In Serbia, Xi Underlines Close Ties With Ally That Shares Wariness of U.S.

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      Visiting friendly leaders in Eastern Europe, the Chinese president commemorated the 25th anniversary of a misdirected U.S. airstrike that destroyed China’s embassy in Belgrade.China and Serbia on Wednesday proclaimed an “ironclad friendship” during a visit to Belgrade by the Chinese president, Xi Jinping, underlining the close political and economic ties between two countries that share a wariness of the United States.Mr. Xi arrived in Serbia late Tuesday — the 25th anniversary of a mistaken 1999 airstrike involving the U.S. Air Force during the Kosovo war that destroyed the Chinese Embassy in Belgrade, the Serbian capital. Three Chinese journalists were killed in the strike.“This we should never forget,” Mr. Xi said in a statement published on Tuesday by Politika, a Serbian newspaper, recalling that “25 years ago today, NATO flagrantly bombed the Chinese Embassy.” He said that China’s friendship with Serbia had been “forged with the blood of our compatriots” and “will stay in the shared memory of the Chinese and Serbian peoples.”Mr. Xi appeared briefly on Wednesday morning with the Serbian president, Aleksandar Vucic, before a cheering crowd gathered in front of the Palace of Serbia, the former headquarters of the now defunct government of Yugoslavia that now houses Serbian government offices.In contrast to Mr. Xi’s last visit to Eastern and Central Europe in 2016, during which he faced noisy protests in the Czech Republic, he received a uniformly friendly reception in Belgrade, with the authorities mobilizing state workers to cheer him.China is Serbia’s largest foreign investor and increasingly close economic relations have helped expand a relationship forged before the collapse of Yugoslavia, whose capital was Belgrade, in the early 1990s by shared wariness of Western and Soviet power.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      in Elections

      Podesta Meets With China’s Climate Envoy Amid Deep Economic Tensions

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      Beijing’s dominance raises economic and security concerns, and tensions will be on full display as top climate diplomats meet this week.The world’s two most powerful countries, the United States and China, are meeting this week in Washington to talk about climate change. And also their relationship issues.In an ideal world, where the clean energy transition was the top priority, they would be on friendlier terms. Maybe affordable Chinese-made electric vehicles would be widely sold in America, instead of being viewed as an economic threat. Or there would be less need to dig a lithium mine at an environmentally sensitive site in Nevada, because lithium, which is essential for batteries, could be bought worry-free from China, which controls the world’s supply.Instead, in the not-ideal real world, the United States is balancing two competing goals. The Biden administration wants to cut planet-warming emissions by encouraging people to buy things like EVs and solar panels, but it also wants people to buy American, not Chinese. Its concern is that Chinese dominance of the global market for these essential technologies would harm the U.S. economy and national security.Those competing goals will be on vivid display this week, as the Biden Administration’s top climate envoy, John Podesta, meets for the first time with his counterpart from Beijing, Liu Zhenmin, in Washington.Trade tensions are likely to loom over their talks.The flood of Chinese exports, particularly in solar panels and other green-energy technology, has become a real sore spot for the Biden administration as it tries to spur the same industries on American soil. Mr. Podesta has sharply criticized China for having “distorted the global market for clean energy products like solar, batteries and critical minerals.”Not only that, he has set up a task force to explore how to limit exports from countries that have high carbon footprints, a practice that he called “carbon dumping.” That was considered a veiled reference to China.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More