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Finance & Business Ties – XtremeCuztoms

Tag: Finance & Business Ties

Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game

Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In his recent interview with EpochTV’s “American Thought Leaders” program, he outlined a playbook to beat China at its own game through strategic decoupling, very much the same thing China has been doing to the…


US Venture Capital Firms Are Supporting China’s Military: House Panel

Leadership from the House Select Committee on the Chinese Communist Party (CCP) is launching investigations into several U.S. companies that it claims are funding China’s development of artificial intelligence (AI) and military modernization. Select Committee Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) sent letters to the leaders of four American venture capital…


US Sanctions Bite as China’s Largest Chipmaker Replaces Chairman for Second Time in Two Years

China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), announced the appointment of its new chairman on July 17. Vice chairman Liu Xunfeng replaced former chairman Gao Yonggang, who the company said had resigned due to “work adjustment.” SMIC did not offer any further explanation in it’s statement to the Hong Kong Stock Exchange. Mr. Gao was appointed…


‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…


[PREMIERING NOW] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…


[PREMIERING 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…


[PREMIERING 7/18, 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple

“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…


Every Foreign Company in China Accepts CCP as Business Partner: Rep. Gallagher

The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different. “There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.),…


Samsung Fights Back Against Beijing’s Tech Theft, Sues Chinese Firm BOE Over Patent Infringement

Amid escalating tension between South Korea and China, Samsung has drawn attention by pulling out of the Shanghai Mobile World Congress for the first time in six years and initiating its maiden patent lawsuit against Chinese company BOE. The moves come in the wake of repeated allegations of technology theft by China against Samsung’s technology. Samsung…


Performance and Reliability of China’s First Home-Grown Passenger Jet Is Yet to Be Determined: Experts

China’s first domestically produced passenger aircraft C919 was grounded temporarily on June 29 and 30, after it was in commercial operation for only one month. China Eastern Airlines (CEA) owns the C919 passenger jet, which is currently the only aircraft of its kind in commercial operation in China. The CEA replaced the flights with an…