Biden hosts ASEAN leaders in Washington to confront Beijing

China 05/15/22, 06:36

President Biden welcomed ASEAN leaders to the White House for a two-day summit yesterday, May 12, establishing a bulwark against Chinese dominance in the area. The summit, which ends on Friday, will address various issues, including trade, human rights, and climate change. But it's Biden's team effort to highlight top priorities: ...

US Commerce Secretary: Beijing opposing chip bill, fears losing its edge

Tech 05/14/22, 06:11

According to Reuters, Commerce Secretary Gina Raimondo said on May 11 that China opposes the U.S. huge chip bill because it will give the world's largest economy a competitive advantage. On May 12, the U.S. will step up formal negotiations on a compromise measure that would invest 52 billion dollars in ...

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 ...

Japan to increase intelligence sharing with ‘Five Eyes’ to counter China threat

New York 05/13/22, 12:18

The Kishida government is trying to strengthen collaboration with the information-sharing partnership Five Eyes intelligence as China becomes more active in the Indo-Pacific and the Russia-Ukraine war is threatening global security. Japan's lack of a designated intelligence agency might stymie complete collaboration with the Five Eyes, including a group of English-speaking ...

The US considers lifting China Trade Tariff’s to tame inflation

Economy 05/13/22, 12:13

U.S. inflation has reached a record high since December 1981, and President Biden said dropping China tariffs could be an option to lower consumer prices. Trump imposed tariffs on China’s imported products to punish China’s allegedly unfair trade practices. The policy protects domestic business but is about to expire this July. ...

Beijing expert says U.S.-China ties are number one challenge

China 05/13/22, 11:12

U.S.-China relations have already deteriorated before the Russian invasion of Ukraine. But Beijing’s chance to rebuild its relationship with Washington is even more fragile as world powers watch its attitude to Moscow over the conflict. On May 5, the official media of the Chinese government Phoenix.com column program released the speech ...

11 more U.S.-listed Chinese companies face delisting risk

Economy 05/12/22, 02:21

The U.S. continues to threaten Chinese stocks on Wall Street with delisting if the Chinese government does not allow public accounting firms to audit their companies’ accounts. The U.S. Securities and Exchange Commission on May 9 added nearly a dozen of Chinese concept stocks to a list facing delisting risk. This is ...

Tech war: U.S. considers tougher crackdown on Chinese chipmakers

Tech 05/12/22, 02:01

According to the Information, the United States is considering a ban on the export of advanced equipment to Chinese chipmakers by American suppliers. China's technical self-sufficiency would be jeopardized by this decision.Besides Semiconductor Manufacturing International Corp. (SMIC), the potential ban will also affect state-owned Hua Hong Semiconductor, ChangXin Memory Technologies (CXMT), ...

U.S. business staff refuse to relocate to China

China 05/11/22, 00:46

China is now dealing with a more contagious COVID variant and waning public anger due to its 'Zero-COVID' policy. The business community is now also affected by the sweeping lockdowns across the country. According to Reuters, the American Chamber of Commerce in China (AmCham China) said on May 9 that American ...

Pentagon report details 8 cases revealing China’s infiltration into US companies

China 05/11/22, 00:16

A Department of Defense study has shown the Chinese government is making use of a U.S. government-program to serve their own interests. The Pentagon’s Small Business Innovation Research program aims at promoting innovation among small U.S. companies. The awards process is competitive. However, according to the Wall Street Journal, the report finds ...

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 ...

U.S.-China’s recent comments regarding nuclear war threat

China 05/08/22, 07:01

During May 6 press conference, China's foreign ministry spokesperson Zhao Lijian responded to Admiral Charles Richard's remarks. Previously, at a hearing on May 4, Richard said China was monitoring the war in Ukraine closely. He also stated that China would likely use nuclear coercion to their advantage in the future. Zhao ...

US regulators arrive in Beijing to discuss audit deal plan

In-depth Reports 05/08/22, 06:58

Reuters reported that officials from the U.S. Public Company Accounting Oversight Board (PCAOB) are in China to finalize a dispute over the auditing compliance of the U.S.–listed Chinese firms. PCAOB requests complete access to audit working papers of New York-listed Chinese entities stored in China. However, Beijing refused to let overseas ...