Suggesting Finance
No Result
View All Result
  • Login
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
Subscribe For Alerts
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto
No Result
View All Result
Suggesting Finance
No Result
View All Result
Home Economy

US-China science pact renewal ‘not a given’ -US envoy

News Room by News Room
January 10, 2024
Reading Time: 2 mins read
0
US-China science pact renewal ‘not a given’ -US envoy

By Michael Martina and David Brunnstrom

WASHINGTON (Reuters) – U.S. Ambassador to China Nicholas Burns said on Friday he had started talks with Beijing on renewing a landmark scientific cooperation agreement, and while the deal needed to be modernized, prospects for a new one were uncertain.

Controversy over the renewal of the U.S.-China Science and Technology Agreement (STA) – the first accord between the two countries signed in 1979 after the official establishment of diplomatic ties – has grown amid U.S. accusations of China’s theft of U.S. scientific and commercial achievements.

The U.S. State Department in August sought a six-month extension to the pact that was set to expire that month in order to negotiate strengthened provisions with Beijing, which has eagerly expressed its desire for renewal.

Burns told an audience at Washington’s Brookings Institution that the agreement was the “bedrock” of U.S.-China cooperation, but it did not account for advances such as artificial intelligence, biotechnology, machine learning and quantum mathematics.

“I met with the new (Chinese) minister of science and technology just a couple of weeks ago in Beijing and we are beginning a discussion with them on whether or not to extend it, to have a new agreement, and what would be the issues involved, and I think it’s complicated,” Burns said.

“We put down our expectations that it had to be modernized, that it’s not a given that we’re going to agree. I think that both sides agree on that,” he said, adding that negotiations would proceed over the “next couple of months.”

U.S. proponents of renewing the deal argue that without it the U.S. would lose valuable insight into China’s technological advances.

However, some Republicans in the U.S. Congress have said it should be scrapped, citing concerns about industrial espionage, forced technology transfers and other tactics that could fuel China’s military modernization.

Many analysts say at the very least the agreement must be reworked to safeguard U.S. innovation in a time of heightened strategic competition with China.

U.S. President Joe Biden and China’s leader Xi Jinping agreed at a summit in San Francisco in November to step up communication between their two governments after diplomatic relations sank to their lowest point earlier in the year, but the countries remain geopolitical rivals.

Read the full article here

ShareTweetSendSend

Related Posts

Coal plants step up as historic winter storm pushes US power grid to the brink
Economy

Trump admin ramps up effort to revive coal industry as power demand surges

February 27, 2026
US businesses shift away from China under Trump tariffs
Economy

US businesses shift away from China under Trump tariffs

February 26, 2026
Fed's favored inflation gauge showed consumer price growth remained elevated in December
Economy

Fed's favored inflation gauge showed consumer price growth remained elevated in December

February 25, 2026
US economy grew slower than expected in fourth quarter
Economy

US economy grew slower than expected in fourth quarter

February 24, 2026
Deadliest jobs in America revealed
Economy

Deadliest jobs in America revealed

February 23, 2026
Will refunds be issued after Supreme Court ruling on Trump tariffs?
Economy

Will refunds be issued after Supreme Court ruling on Trump tariffs?

February 22, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Suggesting Finance

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Visit our landing page to see all features & demos.

LEARN MORE »

Recent Posts

  • FHFA chief says Trump deployed $200B to slash mortgage rates, impact was immediate
  • American Express to build 55-floor tower at World Trade Center site
  • Trump admin ramps up effort to revive coal industry as power demand surges

Categories

  • Banking
  • Business
  • Credit Cards
  • Crypto
  • Economy
  • Finance
  • Investing
  • Loans
  • Markets
  • Mortgage
  • Real Estate
  • Saving
  • Taxes
  • Uncategorized
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact

© 2023 Suggesting Finance. All Rights Reserved.

No Result
View All Result
  • Home
  • Business
  • Finance
  • Mortgage
  • Banking
  • Credit Cards
  • Investing
  • Loans
  • Saving
  • Taxes
  • More
    • Markets
    • Economy
    • Real Estate
    • Crypto

© 2023 Suggesting Finance. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.