Russia is easing its dependence on the U.S. dollar and quickly growing reliant on the Chinese yuan, which could turn out to be either a boon for Moscow or a substantial risk, experts warn. Over the last year, the Russian economy has been restricted from Western financial networks and has faced economic and political sanctions…
Russia Reducing Dollar Dependence by Relying on Chinese Yuan
March 1, 2023
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Business & MarketsChinaChina Business & EconomyChinese YuaneconomyenergyFinance & Business TiesMarketsOilRussiaSpecial TopicsUS
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House Panel Debates TikTok Ban
The House Foreign Affairs Committee debated a bill on Feb. 28 that would empower President Joe Biden to ban TikTok in the United States. The committee vote was deferred to Wednesday. The measure, if eventually adopted by Congress, would be the most sweeping government action to date against the popular social media app, which security…
Congresswoman Calls on State Department to Help Free Florida Family’s Loved One Detained in China
March 1, 2023
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Anthony BlinkenChinaChina Human RightsChinese RegimeFalun DafaFalun GongFloridaMaria Elvira SalazarRegional & State Newsreligious freedomSpecial TopicsState NewsUSUS NewsUS-China relations
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Rep. Maria Elvira Salazar (R-Fla.) is urging the State Department to do more to help a Florida family’s husband and father who has been detained in China for nearly two years for his faith. Zhou Deyong, a geological engineer, was arrested in a police sweep targeting Falun Gong practitioners and their family members in eastern…
Danish Parliament Urges to Remove TikTok Over Cybersecurity
COPENHAGEN, Denmark—The Danish parliament on Tuesday urged lawmakers and employees with the 179-member assembly against having TikTok on work phones as a cybersecurity measure, saying “there is a risk of espionage.” The popular video-sharing app, which is Chinese-owned, faces intensifying scrutiny from Europe and the United States over security and data privacy amid worries that…
Australia Should Push for US Nuclear Submarines Over UK Ones, Opposition Leader Says
March 1, 2023
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AUKUSAustraliaChinaChina-Australia RelationsInternational RelationsNational SecurityPat ConroyPeter DuttonUKUSUS NewsUS-China relationsWorld
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Australia should push to acquire the proven U.S. Virginia class nuclear-powered submarine rather than a pioneer British model, according to opposition leader Peter Dutton. Dutton, previously the defence minister, made the comments just days before an expected announcement between U.S., UK, and Australian leaders on which submarine model will be acquired by the Australian Defence…
Australian Treasurer Blocks Chinese Investment in Strategic Rare Earth Producer
February 28, 2023
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AustraliaBusiness & MarketsChinaChina-Australia RelationsChinese investmentcritical mineralsenergyFIRBInternationalInternational RelationsJim ChalmersPeter DuttonWorld
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A Chinese-backed company’s attempt to increase its stake in a strategically vital rare earth producer has been blocked by the federal government. Yuxiao Fund, a Singapore-registered company, sought to increase its ownership in Northern Minerals from 9.9 percent to 19.9 percent but the move was stopped by Australian Treasurer Jim Chalmers, who signed a prevention…
CCP Seeks to ‘Replace’ US With ‘Tech-Powered Dystopia’: Select Committee Testimony
February 28, 2023
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CCPChinaChina Business & EconomyChina Human RightsChinese RegimeDystopiaGlobal ExpansionInfiltrating the WestInternational RelationsmilitaryNational SecuritySelect CommitteeSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relations
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China’s communist regime is engaged in a concerted effort to undermine and replace the United States by weaponizing Americans against one another, according to testimony received by a new congressional committee focused on competition with the regime. The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) held…
China’s CCP Seeks to ‘Replace’ US With ‘Tech Powered Dystopia’: Select Committee Testimony
February 28, 2023
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CCPChinaChina Business & EconomyChina Human RightsChinese RegimeDystopiaGlobal ExpansionInfiltrating the WestInternational RelationsmilitaryNational SecuritySelect CommitteeSpecial TopicsTaiwanThreat from Communist ChinaUSUS NewsUS-China relations
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China’s communist regime is engaged in a concerted effort to undermine and replace the United States by weaponizing Americans against one another, according to testimony received by a new congressional committee focused on competition with the regime. The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) held…
Don’t Overestimate China’s Inflationary Impact
Commentary The so-called restart of the Chinese economy has largely just echoed the market. But some suggest this will give a new push to global inflation when strong demand from China drives the resource markets. However, maybe we should revisit the basics: Where does that strong demand for Chinese production come from? Isn’t China the…
COVID-19 Likely Came From Lab Leak: Energy Department
Did COVID-19 leak from the Wuhan virology lab? This question is back in the spotlight after the U.S. Energy Department concluded that the virus mostly likely came from a lab leak. The report comes from new intelligence. Plus, we have a recap of China’s infamous “bat woman” researcher from Wuhan and the lab’s ties to…
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