Good morning. We’re covering Antony Blinken’s upcoming visit to Beijing and Japan’s booming stock market. |
| Haiyun Jiang for The New York Times |
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The U.S. makes overtures to China |
The visits could pave the way for a trip by China’s leader, Xi Jinping, to San Francisco in November for a summit of the Asia-Pacific Economic Cooperation group of nations that would include President Biden. |
Blinken, above, had canceled a planned trip to Beijing in early February when, on the day of his scheduled departure, a Chinese spy balloon flying over the U.S. was causing an uproar. Officials are still working out whether he will meet with Xi on Sunday or Monday. |
The Biden administration has been seeking to improve relations with China. Janet Yellen, the treasury secretary who may also make a trip to Beijing soon, told U.S. lawmakers this week that it would be a mistake to “decouple” from China and called for more cooperation with Beijing. |
During his talks, Blinken will discuss “the importance of maintaining open lines of communication to responsibly manage” the relationship between the two nations, the State Department said. |
Mideast diplomacy: Xi met yesterday with Mahmoud Abbas, the Palestinian leader, as Beijing pushes to expand its influence in the Middle East and cast China as an alternative to U.S. leadership in global diplomacy. |
| Japan’s economy, the world’s third largest, is basking in a postpandemic glow.Philip Fong/Agence France-Presse — Getty Images |
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Investors are flocking to Japan again |
The Nikkei has not been this high since the early 1990s, when Japan was slumping into what is known as the Lost Decade. |
Canon shareholders have demanded a diverse board of directors, Citizen Watch has said it would buy back up to a quarter of its shares, and the owner of Uniqlo has promised its workers raises of up to 40 percent. The Tokyo Stock Exchange has implored companies to be “conscious” of their share prices. Mix in a surprisingly solid economy this year, a weak currency and ultralow interest rates, and you have the world’s best-performing major stock market. |
Quotable: “The fundamental economic conditions in Japan, including corporate earnings, are better than in the U.S., Europe and China,” said a top executive at Nomura Asset Management in Tokyo. |
Politics: Reuters reports that Fumio Kishida, Japan’s prime minister, could move to solidify his power with a snap election in the coming days. |
In other business and economy news: |
| Imran Khan, center, leaving court in Lahore last week.K.M. Chaudary/Associated Press |
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Imran Khan’s allies leave in droves |
Pakistan’s military has launched a pressure campaign that aims to hollow out former prime minister Imran Khan’s political party ahead of general elections this fall. |
The strategy is part of the military’s standard playbook to preserve its hold on politics, and might be familiar to Khan: The military used the same tactics to help bring him to power in 2018. |
Analysis: Observers caution that Khan should not be written out of politics quite yet, but the sudden widespread defections are a stunning turnabout for Khan. |
| Rescue personnel marked danger zones on a beach near Karachi yesterday.Rehan Han/EPA, via Shutterstock |
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- U.S. support for Ukraine is beginning to fray as Republicans in Congress seek to cut spending.
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- Two allies of Aleksei Navalny, the Russian opposition leader, were sentenced to years in prison.
- Russian soldiers left graffiti in a bar in a once-occupied Ukrainian village. “It doesn’t count as a war crime if you had fun,” one wrote, above a smiley face.
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| Since 2005, it’s been illegal in South Korea to send food waste to landfills.Chang W. Lee/The New York Times |
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Food waste is one of the biggest contributors to climate change. When sent to landfills, it rots and releases methane, one of the most potent greenhouse gases. Not in South Korea. |
There, the vast majority of food scraps gets turned into animal feed, fertilizer and fuel for heating homes. The system keeps about 90 percent of discarded food out of landfills and incinerators, and has been studied by governments around the world, but never duplicated on the same scale. |
| Clashes in the streets of Dakar, one of the most stable and prosperous cities in West Africa.Leo Correa/Associated Press |
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Elian Peltier, our West Africa correspondent, spoke to grieving families and obtained evidence showing that several victims died of gunshot wounds, raising questions about the police’s use of force. He spoke about his reporting with Lynsey Chutel, a Briefings writer in Johannesburg. |
Senegal has been a stable country in a volatile region. What does the violence say about the country’s stability right now? |
Elian: The interior minister justified the use of force as a necessity to protect Senegal, which he called an “island of stability in a troubled region.” The government labeled protesters as rioters and said that the death toll could have been much worse had the police not shown restraint. On the ground at funerals in Dakar’s disadvantaged suburbs, it was a completely different story. There, the feeling is that the state killed a brother, a son, a nephew, a neighbor, a friend. |
The situation is calmer now, but there are definitely concerns that this could get out of hand as the presidential election, scheduled for February, gets closer. Some are optimistic and believe that Senegal will resolve this crisis just like it has resolved others. Others are more pessimistic and wonder if the country hasn’t reached a point of no return. |
| Christopher Testani for The New York Times |
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That’s it for today’s briefing. See you next time. — Amelia and Justin |
P.S. Christopher Clarey wrote about covering global sports for The Times for more than 30 years. It all started with a mistake on his first byline. |
“The Daily” is about Donald Trump’s arraignment. |
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