China's new ambassador to the U.S. arrives to 'safeguard' Beijing's interests

China's caller ambassador to the U.S. arrived successful New York Tuesday with a telephone to "safeguard the interests of China," according to a merchandise from the country's embassy successful the U.S.

Xie Feng assumes bureau aft a play of astir six months successful which China has had nary ambassador to the U.S. He was astir precocious a vice overseas minister.

Xie said Tuesday the bilateral narration faces "serious difficulties and challenges," and his ngo is to "enhance China-U.S. exchanges and cooperation," the merchandise said successful English.

The U.S. Department of State did not instantly respond to a CNBC petition for comment.

The anterior ambassador, Qin Gang, was promoted successful December to go China's caller overseas minister. Earlier this month, Qin met U.S. Ambassador to China Nicholas Burns successful Beijing for the archetypal time.

Tensions betwixt the 2 countries escalated successful February aft the U.S. changeable down an alleged Chinese spy balloon implicit American airspace. U.S. Secretary of State Antony Blinken had planned to sojourn Beijing astir that time, but decided to postpone the trip aft the balloon incident.

Over the weekend, U.S. President Joe Biden said those tensions would "begin to thaw precise shortly."

"We're not looking to decouple from China, we're looking to de-risk and diversify our narration with China," Biden told reporters pursuing the Group of Seven gathering successful Hiroshima, Japan, according to a White House transcript.

He did not sermon potential caller rules limiting U.S. businesses' concern successful precocious Chinese technology.

"The astir optimistic script for a 'thaw' is simply a halt successful the diminution of relations," Gabriel Wildau, managing manager astatine consulting steadfast Teneo, said successful a note. "For fiscal markets and multinational companies operating successful China, however, specified a halt would beryllium significant."

"Even absent factual argumentation changes, a wide consciousness that the downward spiral has stopped could trim hazard perceptions and unlock caller investment."