Wang: US bills damaging China's legitimate interests - Breaking The News
Download our appPlay StoreApp Store

Wang: US bills damaging China's legitimate interests

EPA-EFE/RUNGROJ YONGRIT / POOL

Chinese Foreign Minister Wang Yi accused the United States on Monday of "damaging legitimate rights and interests" of other countries, including China and South Korea, by adopting the CHIPS and Science Act and the Inflation Reduction Act.

Wang called on all countries to "jointly resist such outdated thinking of anti-globalization and unilateral bullying" and work on maintaining multilateralism.

Earlier, French President Emmanuel Macron reportedly also criticized Washington over "super aggressive" subsidies under the Inflation Reduction Act, while South Korea expressed concerns the bill could be in violation of the bilateral free trade agreement between Seoul and Washington.

Related News
Goldman Sachs trims 2025 Bund yield forecast
Goldman Sachs has revised its forecast for the yield of the 10-year German Bund while also expressing concerns about weakening growth projections, according to a note by George Cole and Williams Mashal.According to the strategists, although the European Central Bank may face inflationary pressures, fiscal expansion plans across the Eurozone will likely counterbalance those forces."Eventual fiscal loosening should keep Bund yields near current...
China continues drills near Taiwan, conducts live fire exercise
China continued its wide-scale military drills near Taiwan for a second day, carrying out live fire drills in the East China Sea on Wednesday. Shi Yi, a senior colonel and spokesperson for the Chinese People's Liberation Army (PLA) Eastern Theater Command, said that ground forces carried out "live-fire long-range strike drills" into the waters of the East China Sea. The "Strait Thunder-2025A" drills, which were not announced ahead of time, "involved precision strikes...
US: China's drills around Taiwan put region's security at risk
The United States criticized China for carrying out military drills around Taiwan and warned that the move puts the region's security "at risk." "Once again, China’s aggressive military activities and rhetoric toward Taiwan only serve to exacerbate tensions and put the region’s security and the world’s prosperity at risk," the US State Department said in a statement. "In the face of China's intimidation tactics and destabilizing behavior, the United States' enduring...
South Korean inflation up from 2% to 2.1% in March
The annual inflation rate in South Korea came in at 2.1% in March, rising from the 2% registered in February, according to Wednesday's data from Statistics Korea. The figure came in slightly higher than expected.On a monthly basis, the Consumer Price Index (CPI) rose 0.2% against a 0.3% rise seen in the previous month, matching expectations. The same index excluding fresh food and energy rose 1.9% year-on-year, compared to a 1.8% increase in...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.