Tag: U.S. sanctions

British Universities Accepted £30 Million From Blacklisted Chinese 5G Giant Huawei

May 8, 2023
5g huaweiBusiness & MarketscambridgeCCPChina Business & EconomyChina FundingChina NewsCompaniesEurope-China RelationsFinance & Business TiesHuaweiInfiltrating the WestInternational RelationsMark SabahOxfordSpecial TopicstechnologyU.S. sanctionsUKUK universitiesUniversity of EdinburghWorld
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Blacklisted technology company Huawei has plunged at least £30 million into British universities via research grants and donations. The Epoch Times can reveal the telecom giant—deemed a national security threat by the United States government—is the biggest China-based donor to higher educational institutions in the UK. Over the past four years, Huawei and its advanced…

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Biden Clears Path for New Sanctions Amid Violence in Sudan

May 4, 2023
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President Joe Biden signed an executive order on May 4 that opened the door to new Sudan-related sanctions amid the ongoing power struggle between rival military generals in the African nation. The order authorizes future sanctions against individuals who threaten the “peace, security, or stability” of Sudan, impede the country’s democratic transition, or commit acts…

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US Announces Sanctions on Russia Over Detainment of WSJ Reporter

April 27, 2023
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The United States announced on April 27 sanctions against Russia’s security service, the FSB, in light of Moscow’s detainment of Wall Street Journal reporter Evan Gershkovich. The Biden administration also announced sanctions against Iran over wrongfully detaining Americans. “These actors in Russia and Iran have tried to use Americans for political leverage or to seek…

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Foreign Companies in China Face Increasing Obstacles

March 30, 2023
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Commentary Twelve years ago, China was one of the fastest-rising economies. Beijing welcomed foreigners, and foreign employees were excited to be working there. Now, the country is losing its appeal. Growth is plateauing. COVID-19 recovery is slowing the economy. And a lot of the foreigners and companies that left because of the lockdowns are not…

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US Treasury Sanctions Chinese Firm Supplying Intelligence to Russia

January 27, 2023
Chinachina-russia relationsChinese RegimeRussia-Ukraine WarU.S. sanctionsUS-China relations
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A Chinese satellite manufacturer was sanctioned by the U.S. Treasury Department on Thursday for supplying satellite imagery to Russia for the Ukraine war. A further investigation has revealed deep relations between the Chinese firm and the Chinese state-owned defense industry. Spacety, or Tianyi Space Science and Technology Research Institute Co. Ltd., has allegedly provided satellite images…

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US–China Strategic Rivalry Escalates Over Chips, Foreign Businesses Caution Investing in China

September 24, 2022
ChinaChina Business & EconomychipCHIPS Actforeign investmentsNational SecurityPolicies & ImpactssemiconductorU.S. sanctionsUSUS-China relations
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The United States has ramped up efforts to deny China access to advanced semiconductors and chipmaking technologies, thus, escalating the U.S.–China strategic competition. Following the passage of the U.S. CHIPS Act, on Sept. 6, the U.S. Department of Commerce released its “Strategy for the CHIPS for America Fund” (pdf), a $50 billion investment to catalyze…

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Iran to Join Asian Security Body Led by Russia, China

September 19, 2022
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DUBAI—Iran has moved a step closer toward becoming a permanent member of a central Asian security body dominated by Russia and China, as Tehran seeks to overcome economic isolation imposed by U.S. sanctions. Foreign minister Hossein Amirabdollahian said last Thursday that Iran had signed a memorandum of obligations to join the Shanghai Cooperation Organisation (SCO),…

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Hong Kong’s Prospective Chief Executive Seeks Only ‘Cash Donations’ for Election Campaign Amid US Sanctions

May 7, 2022
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John Lee Ka-chiu, the only candidate for Hong Kong’s next chief executive, revealed that he could only raise funds in cash due to U.S. sanctions, according to local media reports. Businesspeople interested in supporting Lee’s campaign were reportedly reluctant to donate using their real names for fear of becoming targets of further U.S. sanctions. The…

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South Korea’s Semiconductor Market Share Weakens, Samsung’s Leadership Called Into Question

April 30, 2022
Asia & PacificBusiness & EconomyCompaniesHuaweilee Jae-yongmemory chipSamsungsemiconductorSouth KoreaTSMCU.S. sanctionsWorld
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A recent South Korean study shows the country’s semiconductor market share in China shrunk 5.5 percent compared to 2018, citing the effect of U.S. sanctions on China. According to the Yonhap News Agency, the study was conducted by the Federation of Korean Industries (FKI), an economic association for domestic industries in South Korea. It analyzed…

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China Feels US Sanctions Heat and Claims Discrimination

June 20, 2021
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Commentary China is playing the “discrimination” card. When the United States tries to protect itself from China’s big tech, usually for reasons of data security, China replies that America is “discriminating” against the country, a charge that can be interpreted as racism, a violation of World Trade Organization (WTO) rules, or both. But China’s claim…

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