News Analysis The Nasdaq Golden Dragon China Index fell for eight straight sessions—the longest losing streak in over a year—amid heightened tension between the United States and China. Meanwhile, threatened by the U.S. Holding Foreign Companies Accountable Act, Chinese companies have shifted large chunks of equity to Hong Kong. The Nasdaq Golden Dragon China Index,…
ANALYSIS: Nasdaq Golden Dragon Index Plunges as China Concept Stocks Retreat to Hong Kong
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina Concept Stocksgary genslerHK BusinessHong KongJanet YellenMarketsNasdaq Gold Dragon China IndexThe Holding Foreign Companies Accountable ActTsai Ing-wenUS-China relations
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Senators Will Look at Legislation Banning TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y) told reporters on May 3. Schumer made the comments during a press conference after unveiling a new Democrat proposal—dubbed “China Competition Bill 2.0“—aimed at deterring China’s communist regime from escalating conflict with Taiwan…
Senators Will Look at Legislation to Ban TikTok, Other Foreign-Controlled Apps: Schumer
May 4, 2023
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Business & MarketsChinaChina Business & EconomyChina NewsChuck SchumerCompaniesPolicies & ImpactsThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Senators will consider legislation aimed at increasing the Biden administration’s ability to crack down on Chinese-owned TikTok and other foreign-controlled applications, Senate Majority Leader Chuck Schumer (D-N.Y.) told reporters on May 3. Schumer made the comments during a news conference after introducing a Democrat proposal dubbed “China Competition Bill 2.0,” which is aimed at deterring China’s communist…
Biden’s Executive Assistant Didn’t Identify Classified Docs While Packing Office: House Democrats
May 4, 2023
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bidenBiden Documents ProbeChinaclassifiedcongressDemocratsExecutive BranchFeatured TopicsPenn Biden CenterPoliticsRepublicansUSUS NewsUS-China relations
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A May 3 Democratic memo alleges that House Oversight Chair James Comer (R-Ky.) distorted comments from an interview with Joe Biden’s executive assistant, Kathy Chung, from his time as vice president, claiming that Comer “promoted false, xenophobic, and racist conspiracy theories” about Chung from her testimony to the committee last month. In addition, portions of…
NATO to Open First Asia-Pacific Office in Japan: Reports
May 4, 2023
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Asia & PacificChinaChina-Australia RelationsInternationalInternational RelationsJapanJens StoltenbergNATOThreat from Communist ChinaUS-China relationsWorld
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NATO is reportedly planning to open a liaison office in Tokyo, the first in the Asia-Pacific region, as it moves to deepen ties with Asia-Pacific nations amid increasing concerns over the threat of China’s communist regime. Nikkei Asia reported that the regional office would allow the military alliance to conduct consultations with its key Asia-Pacific…
US Chamber of Commerce Warns of Heightened Risk for Firms Doing Business in China
The United States Chamber of Commerce has sounded the alarm about a dramatic increase in the hazards and uncertainties associated with conducting business in China due to the regime’s “increased official scrutiny” of U.S. corporations there. The influential business group said that it was “closely monitoring” the situation and noted that industries subject to “heightened…
US, Philippines to Share Military Intelligence on China
May 3, 2023
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Asia & PacificCCPChinaInternational RelationsmilitaryNational SecurityPhilippinesPolicies & ImpactsThreat from Communist ChinaUSUS-China relationsWorld
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The United States and the Philippines will share real-time intelligence about China’s military activities in the Pacific, the Pentagon said. U.S. Defense Secretary Lloyd Austin and his Philippine counterpart, Carlito Galvez, established the Bilateral Defense Guidelines on May 3. As part of that agreement, the two nations will increase their military coordination and interoperability, including…
China’s Crackdown on Foreign Firms Is Retaliation Against the West: Former US Intel Official
May 3, 2023
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Business & MarketsCCPChinaCompaniesespionageMintz GroupThreat from Communist ChinaUS-China relations
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As reports emerge that China is ramping up its official scrutiny of foreign firms operating in the country, it can be a retaliatory move against foreign entities to allegations of Chinese espionage abroad, according to former senior intelligence official and author Nicholas Eftimiades. On April 26, the communist regime passed its newly revised anti-espionage law,…
Chinese Secret Police Stations Part of ‘Systemic’ Infiltration: Congressman
May 3, 2023
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ChinaChinese RegimeChinese surveillanceHuaweiInfiltrating the WestNebraskaRegional & State Newssecret police stationSpecial TopicsState NewsThreat from Communist ChinaUSUS NewsUS-China relations
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National security officials, federal prosecutors, and lawmakers are on the lookout for secret police stations that they believe China has established on U.S. soil. In September, a report by Safeguard Defenders alleged agents of the Chinese regime had been covertly operating in several countries, using secret police stations as a base of operations to surveil…
China Steps up Use of ‘Exit Bans’ Against Chinese and Foreigners: Report
China’s communist regime has been increasing its use of exit bans against its targets—including dissidents, officials, and foreign executives—as part of its efforts to tighten controls over the country, according to the latest report by Spain-based rights group Safeguard Defenders. While it’s impossible to know how many individuals were targeted by the exit ban at…
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