Tesla and its rival electric vehicle manufacturers in China signaled a truce after a months-long price war and agreed to a “socialist values” pledge. Tesla CEO Elon Musk, who is also the owner of Twitter and SpaceX, and Chinese automaker CEOs, agreed to adhere to a “core socialist values” pledge and to compete fairly in…
Tesla and Chinese Rivals May Sign Truce After EV Price War With Socialist Values Pledge
July 6, 2023
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Pull British Judges From Hong Kong Courts and Stop China Visits, Government Told
July 6, 2023
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The government has been urged pull all British judges from Hong Kong courts after Beijing’s $1 million bounty threat to UK-based pro-democracy activists. The call was made in the House of Lords on Tuesday as peers demanded action against the ongoing transnational threat from the Chinese Communist Party. In the Commons, Foreign Secretary James Cleverly…
Australia’s Biggest Wine Producer Shuts Down Victorian Winery Amid Increasing Costs
Australia’s biggest wine producer will shut down one of its Victorian wineries, leaving about 60 vintners and staff out of a job. ASX-listed Treasury Wine Estates announced it would sell its Karadoc winery by mid-2024, saying the change would allow the company to focus on its luxury and premium wine portfolios. The move comes amid…
China Appoints New Central Bank Leader Amid Economic Woes
July 6, 2023
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Chinese leaders appointed a new Communist Party chief at the People’s Bank of China (PBOC) on July 1, a surprise move that some experts say is a desperate attempt to revive China’s flagging economy. Pan Gongsheng, 59, deputy governor of the PBOC, would eventually replace Yi Gang, the central’s bank current governor, who has held…
Senator Oh Took More Sponsored Trips to China Than Any Other Parliamentarian Over Past Decade
Senator Victor Oh has taken more sponsored trips to China over the past decade than any other Canadian senator or MP, parliamentary records show. Since his appointment to the Senate in January 2013, Mr. Oh has made seven trips to China with expenses paid by various sponsors that included three provincial governments in that country….
Yellen Arrives in China for Talks as Beijing’s Unfair Trade Practices Come Under Scrutiny
U.S. Treasury Secretary Janet Yellen arrived in China on Thursday for a four-day visit, a trip that has drawn concerns over the Biden administration’s continued effort to engage Beijing. According to China’s state-run media, Ms. Yellen was greeted by Chinese officials led by Yang Yingming, director general of China’s Finance Ministry’s international cooperation department, as…
White House Pushes Back on Court Injunction Limiting Federal Government Interaction with Tech Companies
The Biden administration is now limited from talking to social media companies. What led to the new judge order, and how is the White House reacting? Missouri Sen. Eric Schmitt joins us to discuss the lawsuit he filed against the Biden administration over online censorship. Treasury Secretary Janet Yellen is headed to Beijing Wednesday, the…
China’s Military Intelligence Presence in Cuba: What’s Next?
Commentary With growing evidence of communist China’s expanding intelligence operations against the United States, this may be a good time to learn something about Beijing’s military intelligence agency that is planning and directing those activities—the People’s Liberation Army Strategic Support Force (PLASSF). Established in December 2015 as one of the first steps in Chinese leader…
Iran Joins Rapidly Expanding Eurasian Bloc Led by Moscow, Beijing
July 5, 2023
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Iran has become a full-fledged member of the Shanghai Cooperation Organization (SCO), a formidable bloc of Eurasian states that’s led by Moscow and Beijing. Tehran’s accession to the SCO was formalized at a July 4 virtual summit hosted by SCO member India, which currently holds the organization’s rotating presidency. While addressing participants, Iranian President Ebrahim…
Foreign Business Looks Less Favorably on China
Commentary Rhetoric—whether from corporate executives or government officials—seldom comports with reality. And seldom is the gap as wide as on the subject of foreign investment in China. Beijing says that it is open for business and welcomes foreign investment when, in reality, it has made doing business in China more difficult than ever. Corporate executives…
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