Category: China
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Chinese Yuan depreciated sharply, prompting an urgent repurchase by the Central Bank
The recent significant drop in the value of the Chinese Yuan has caught the attention of the global financial sector. The Yuan fell to a 16-year low of 7.32 against the dollar before bouncing back to 7.26. This depreciation, while advantageous for exporters by reducing the cost of their goods overseas, has ignited worries about…
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US Senate panel expands investigation into BMW China components
The head of the US Senate Finance Committee has expanded an investigation of BMW after the car maker was found to have imported vehicles to America that contained banned Chinese parts. In a letter to BMW North America, Senator Ron Wyden, asked whether it had stopped importing components suspected of being made by people from…
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US Prohibits Imports From Three Chinese Companies Due to Connections to Forced Labor
The Department of Homeland Security on Tuesday added three Chinese companies to a list of firms whose products can no longer be exported to the United States, as part of what it described as an escalating crackdown on companies that aid in forced labor programs in Xinjiang. The companies include a seafood processor, Shandong Meijia…
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Conviction of 14 pro-democracy activists in one stroke yet another nail in the coffin of democracy in Hong Kong
In a move to quash political dissent in the former British colony of Hong Kong, the Chinese authorities have convicted 14 of the most prominent pro-democracy activists in a farcical trial before a Hong Kong court. These activists now face prison sentences, some possibly for as long as life. “The message from the authorities is…
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Convictions of 14 Hong Kong rights activists expose Beijing’s contempt for democracy
China’s intention of imposing the controversial National Security Law in Hong Kong has again become clear as daylight after the city convicted 14 activists in the largest-yet National Security trial. Recently, a Hong Kong court has convicted 14 pro-democracy activists and former elected officials, including an Australian citizen, under the draconian National Security Law,…
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Global economy to hurt badly if China attacks Taiwan
The world faces threats of huge economic losses in case China attacks Taiwan. There is a high possibility of major powers drawing into the conflict, which would disrupt global trade and cost the world its 10 percent of GDP.[1] The Taiwan Strait is crucial for global cargo transport as over 50 percent of cargo ships…
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Arrest of Chinese national in the US exposes rising threat from Beijing’s cyber-attack empire
Cyber-attacks linked to China-sponsored or its state-run intelligence agencies have been increasing rapidly. Countries like the United States and India as well as some European nations are reporting Beijing-backed cyber-attacks on an almost regular basis, calling the country a “threat for global cyberspace and cyber security”. In addition to the list of China-sponsored…
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What is US’ Island-Chain Strategy? Can it protect Taiwan from China’s aggression?
China’s aggression is at its peak as it sends bombers on May 24, 2024 to rattle Taiwan and warn its newly-elected President Lai Ching-te. A day before China had stationed 19 warships around Taiwan’s perimeter, 16 marine police vessels, and 49 warplanes, of which 35 crossed the medium line, all part of China’s war games…
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The Relentless Deception: China’s Underhanded Tactics In The South China Sea
The Chinese Communist Party’s brazen attempts to undermine the Philippines’ sovereignty in the South China Sea have taken an insidious new turn. Recent allegations that Chinese diplomats secretly recorded conversations between Filipino officials and then leaked doctored transcripts reek of Beijing’s signature tactics – deception, interference, and bullying. Filipino officials have rightly condemned these actions…
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Time for China to be transparent
That the Chinese economy has been suffering from a barrage of problems is known. The burst of the property bubble had eroded the savings of the common people, impacted consumer confidence, took away revenue sources of city governments and overburdened banks with trillions of dollars of bad debts. One-fourth of the nation’s GDP became vulnerable. Add to…