3 U.S. firms suspended allegedly for illegally exporting defense products to China

US-China 06/10/22, 00:41

The U.S. Department of Commerce, Bureau of Industry and Security, announced on June 8 that it had suspended three American companies for allegedly illegally exporting satellite and sensitive military prototypes to China.  Those products are subject to strict U.S. export controls because of their sensitivity and importance to U.S. national security. The ...

Didi announces its delisting from Wall Street

Economy 06/08/22, 04:07

China’s ride-hailing giant Didi Chuxing will say goodbye to the U.S. stock market in June, just one year after its public debut on Wall Street. According to Apollo News, Didi announced that it officially applied to the U.S. Securities and Exchange Commission on June 2. Ten days later, the company would ...

China plans to destroy Elon Musk’s Starlink

Insights 05/27/22, 16:53

Tesla CEO Elon Musk's SpaceX Starlink satellite can transmit super-fast internet data anywhere on Earth, and it also has potential military applications. Chinese military researchers have been developing a plan to destroy thousands of Starlink satellites. According to Business Insider, in an article from Modern Defense Technology magazine published in China ...

US would be willing to use force to defend Taiwan: Joe Biden

China 05/24/22, 22:27

According to Reuters, U.S. President Joe Biden said the U.S. would be willing to use force to defend Taiwan in a joint news conference with the Japanese leader on May 23. A reporter asked Biden if the U.S. would defend Taiwan if it were attacked. The U.S. President answered in the ...

Biden’s move to prevent Beijing from allegedly stealing American data

China 05/14/22, 06:02

According to Reuters, the Biden administration has drafted an executive order to empower the Department of Justice to block foreign opponents like China and Russia from accessing Americans' data. China's BGI purchased U.S. genomic sequencing firm Complete Genomics in 2013, and in 2015, Chinese WuXi Pharma Tech acquired U.S. firm NextCODE ...

Doctor Strange 2 to be banned in China due to a surprising detail

In-depth Reports 05/10/22, 09:15

According to Comic Book Resources (CBR), on April 29th, Chinese box office analyst and reporter Oliver Chen confirmed that the long-awaited Doctor Strange sequel has been officially banned in China.  No official reason has been provided. However, according to CBR, Doctor Strange in the Multiverse of Madness drew some heavy criticism ...

Strong dollar might cause big changes: Caixin Media chairman

Economy 05/06/22, 00:21

Xie Jinhe, chairman of Caixin Media, posted on Facebook on May 3 that with a strong dollar, there must be major events in the world. He said that the market preference for the U.S. currency would cause serious damage to vulnerable emerging economies. Besides, the global economy will certainly face ...

U.S.-China new battleground: China eyes global strategic choke point

US-China 05/05/22, 02:34

The recently signed security agreement between the Solomon Islands and China has alarmed the US and its allies, bringing concerns about China's military facility in the Solomon Islands. US-China tensions over a strategic choke point in the South Pacific Islands are part of a new tug of war between the ...

The U.S. has provided Chinese firms with about $1.8 billion in subsidies

Economy 04/29/22, 23:49

According to the watchdog Good Jobs First, which tracks companies receiving subsidies from the U.S., from 1991 to 2020, Chinese companies have received $1.8 billion from U.S. government bodies. The subsidies provided were tax credits, tax rebates, grants, loans, and property tax abatement. While most of the support came from the ...