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TRADE WARS
China's Xi pens letter to Starbucks tycoon to promote trade
by AFP Staff Writers
Beijing (AFP) Jan 14, 2021

China's President Xi Jinping has asked former Starbucks chairman Howard Schultz to help promote trade between Washington and Beijing in a rare missive to a foreign business figure, state media reported Thursday.

Xi, responding to an earlier message from Schultz, urged the multi-billionaire to "continue to play an active role in promoting China-US economic and trade cooperation", the official Xinhua news agency said.

China will "provide a broader space for companies from all over the world, including Starbucks and other American companies, to develop in China", Xi wrote in his letter.

It was not immediately clear why the letter was published by state media, but it comes as relations between the superpowers have reached a nadir with bitter disputes over trade, tech, security and rights.

Starbucks, a ubiquitous sight in major Chinese cities, says it has opened over 4,700 coffee shops across the country since 1999.

Schultz, who stepped down as chairman of the chain in 2018 but retains an honorary title at the company, had previously congratulated Xi on China's transition into "moderately prosperous society", Xinhua said.

US-China ties have grown increasingly strained under the administration of Donald Trump.

Beijing and Washington have also sparred over blame for the Covid-19 pandemic and China's human rights record in Xinjiang and Hong Kong.

But China's top diplomat Wang Yi has called for both sides to "restart the dialogue" and "rebuild mutual trust" with the incoming US administration of president-elect Joe Biden.

Xi and Schultz previously met at a formal reception in Seattle during the Chinese leader's state visit to the US in 2015.


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TRADE WARS
China enacts rules to counter 'unjustified' foreign laws
Beijing (AFP) Jan 9, 2021
China on Saturday introduced new rules to counter "unjustified" laws and measures that other countries might apply to its companies and citizens, as tensions with the United States worsen. The rules aim at "protecting the legitimate rights and interests" of Chinese people and companies, and safeguarding the country's interests, said the commerce ministry. China's move comes as its firms face increasing pressure abroad, particularly from the US, which has placed restrictions on telecoms giant Hua ... read more

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