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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 Metropolis, Could 23, 2023.

Brendan McDermid | Reuters

China’s new ambassador to the U.S. arrived in New York Tuesday with a name to “safeguard the pursuits of China,” in line with a launch from the nation’s embassy within the U.S.

Xie Feng assumes workplace after a interval of about six months by which China has had no ambassador to the U.S. He was most not too long ago a vice international minister.

Xie mentioned Tuesday the bilateral relationship faces “severe difficulties and challenges,” and his mission is to “improve China-U.S. exchanges and cooperation,” the discharge mentioned in English.

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

The prior ambassador, Qin Gang, was promoted in December to turn out to be China’s new international minister. Earlier this month, Qin met U.S. Ambassador to China Nicholas Burns in Beijing for the primary time since assuming his new position.

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Tensions between the 2 international locations escalated in February after the U.S. shot down an alleged Chinese language spy balloon over American airspace. U.S. Secretary of State Antony Blinken had deliberate to go to Beijing round that point, however determined to postpone the journey after the balloon incident.

Over the weekend, U.S. President Joe Biden mentioned these tensions would “start to thaw very shortly.”

“We’re not seeking to decouple from China, we’re seeking to de-risk and diversify our relationship with China,” Biden advised reporters following the Group of Seven assembly in Hiroshima, Japan, in line with a White Home transcript.

Essentially the most optimistic situation for a ‘thaw’ is solely a halt within the decline of relations.

Gabriel Wildau

Teneo

He didn’t talk about potential new guidelines limiting U.S. companies’ funding in superior Chinese language know-how.

“Essentially the most optimistic situation for a ‘thaw’ is solely a halt within the decline of relations,” Gabriel Wildau, managing director at consulting agency Teneo, mentioned in a observe. “For monetary markets and multinational firms working in China, nevertheless, such a halt could be important.”

“Even absent concrete coverage adjustments, a normal sense that the downward spiral has stopped might cut back threat perceptions and unlock new funding.”

Learn extra about China from CNBC Professional

Correction: This story has been up to date to mirror that Nicholas Burns and Qin Gang’s assembly in Beijing this month was their first for the reason that latter assumed his new position as international minister.

This text was initially revealed by cnbc.com. Learn the authentic article right here.

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