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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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Current price of oil as of June 23, 2026
China

China says it has no interest in a ‘new Cold War’ with U.S.

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August 6, 2020, 1:35 AM ET
Chinese Foreign Minister Wang Yi Holds Video News Conference
BEIJING, CHINA - MAY 24: Chinese Foreign Minister Wang Yi, located at the Great Hall Of The People, answers to the questions from the press located at the Media Center, during a video press conference on May 24, 2020 in Beijing, China. China opened its annual parliamentary gathering, known as 'Two Sessions' on May 21, after being postponed since March because of the Covid19 outbreak. (Photo by Andrea Verdelli/Getty Images)Andrea Verdelli—Getty Images
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China signaled it did not want relations with the U.S. to worsen and urged against the creation of a “new Cold War” as the world’s two biggest economies continue to clash on multiple fronts.

“We reject any attempt to artificially create a so-called ‘new Cold War,’” Chinese Foreign Minister Wang Yi said in an interview with the official Xinhua News Agency late Wednesday. “Anyone who tries to start a new Cold War in the 21st century will be on the wrong side of history and will only be remembered as the one who has upended international cooperation.”

Tensions between the U.S. and China have heightened in recent months over issues including trade, human rights, and the rise of Chinese technology companies, driving China to say that relations had hit multi-decade lows. Tit-for-tat forced closures of consulates in each country last month were followed by an announcement this week of the highest-level U.S. trip to Taiwan in more than 40 years, a move Beijing said it “firmly opposed.”

“China has no intention to fight a ‘diplomatic war’ with the U.S. as it will only hurt the interests of the two peoples even more,” Wang said. “If the U.S. is bent on going down the wrong path, China is ready to make due response.”

Wang also urged the U.S. to “reject decoupling and uphold cooperation,” saying the interests of both sides were deeply entwined. Secretary of State Michael Pompeo has urged U.S. companies to bar Chinese applications from their app stores, part of Washington’s push to banish Chinese technology from American computers and smartphones.

“Forced decoupling will inflict a lasting impact on bilateral relations, and endanger the security of international industrial chains and interests of all countries,” he said.

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