Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

Hi, what are you looking for?

slide 3 of 2
THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Schumer confirms US Senate trip to China, Japan, and South Korea

U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bi... U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson
U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bi... U.S. Senate Majority Leader Chuck Schumer (D-NY) addresses a press conference during a break in a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators at the U.S. Capitol in Washington, U.S., September 13, 2023. REUTERS/Julia Nikhinson

Listen to the article now

According to the office of Senate Majority Leader Chuck Schumer, a bipartisan delegation from the U.S. Senate will go to China, Japan, and South Korea in October. Republican Mike Crapo, whose office previously stated that the trip is scheduled for next week and that the senators intend to meet with Chinese President Xi Jinping, will co-lead the delegation of six senators.

Earlier this year, Schumer encouraged senators to start new legislation addressing concerns about the second-largest economy in the world. Schumer has consistently urged the United States to take a tougher stance on China. The journey comes after a string of trips by Biden administration representatives, including Gina Raimondo, the secretary of commerce, in August.

According to Schumer’s office, the trip aims to boost American economic and national security interests. It will include discussions with each country’s government and business community officials and representatives from American firms doing business there.

Schumer “will focus on the need for reciprocity in China for U.S. businesses that will level the playing field for American workers, as well as on maintaining U.S. leadership in advanced technologies for national security,” according to his office.

Republicans Bill Cassidy and John Kennedy, as well as Democrats Maggie Hassan and Jon Ossoff, are among the other senators traveling. According to a statement released by the Chinese foreign ministry on Wednesday, China welcomes Schumer’s visit and believes it would enhance the U.S. Senate’s “objective” understanding of China and encourage discussions between the two countries’ legislative bodies.

In August, Raimondo said that American businesses had complained to her that China had become “uninvestable,” citing fines, raids, and other steps that had made doing business there unsafe.

She said that companies face “exorbitant fines without any explanation, revisions to the counterespionage law, which are unclear and sending shock waves through the U.S. community; raids on businesses – a whole new level of challenge and we need that to be addressed.” “For U.S. business in many cases, patience is running thin, and it’s time for action,” she said.


Comment Template

You May Also Like

Business

MSG Networks has returned to Optimum after a nearly two-month blackout, restoring Knicks and Rangers coverage for frustrated fans. The new deal places MSG...

Business

Alphabet has introduced **Premium Lite**, a lower-cost YouTube subscription offering ad-free videos (excluding music). This move aims to expand YouTube’s subscriber base and reduce...

Business

India has been named the best solo travel destination for 2025 by Kensington, thanks to its rich culture, history, and diverse experiences. From the...

Business

Warren Buffett's Berkshire Hathaway has aggressively sold stocks, amassing a record $334 billion in cash. Major divestments include Apple and Bank of America, while...

Notice: The Biznob uses cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our Cookie Policy.

Ok