Category: Finance & Business Ties

South Dakota Gov. Noem Proposes Legislation to Restrict Chinese Purchase of US Farmland

South Dakota Governor Kristi Noem on Dec. 13 announced new proposed legislation to restrict farmland purchases by foreign countries, namely communist China. “With this new process, we will be able to prevent nations who hate us—like Communist China—from buying up our state’s agriculture land,” Noem said in a press release. “We cannot allow the Chinese…


Bipartisan Legislation Seeks to Ban ‘CCP Puppet Company’ TikTok from US

A bipartisan group of lawmakers is seeking to ban social media giant TikTok from operating in the United States. The effort follows extensive testimony from U.S. intelligence leaders that the app poses a threat to national security. Legislation seeking to ban the app was introduced into both houses of Congress on Dec. 13 by Sen….


DOE Funding CCP-Linked Company ‘Endangers Our National Security’: Barrasso

The Department of Energy is under fire for allegedly undermining U.S. national security by giving hundreds of millions of dollars to a company with ties to the Chinese Communist Party. At the heart of the controversy is the DOE’s decision to award $200 million to Microvast Holdings, a U.S.-based lithium battery company that does most…


Apple ‘Serving as Vassal for CCP’ Amid Anti-Authoritarian Protests, DeSantis Says

Amid intense and often chaotic protests in China over the regime’s authoritarian and punitive COVID-19 policies, California-based Apple Inc. is facing criticism for enforcing policies that make it harder for Chinese citizens to use certain Apple products to talk, text, and share content. Florida’s Gov. Ron DeSantis, who recently won reelection in his home state…


US Not Seeking to Fully ‘Decouple’ From China, Just Limit Ties in Core Areas That Threaten Security

Even though the United States is taking steps to protect the country’s military and tech prowess from Beijing, Washington is not looking to cut off ties with China, according to U.S. Secretary of Commerce Gina Raimondo. “We’re not seeking the decoupling from China. We want to promote trade and investment in areas that don’t threaten…


Bloomberg Apologizes for Boris Johnson Speech Criticizing Communist China

Michael Bloomberg, chair of the Pentagon’s advisory panel, apologized to attendees at an economic forum hosted by his company after former UK Prime Minister Boris Johnson’s speech that singled out the communist Chinese regime. Bloomberg issued the apology on Nov. 17 at the Bloomberg New Economy Forum hosted by his corporation in partnership with the…


UK Government Orders Chinese Firm to Sell Acquired Welsh Semiconductor Plant

The UK government on Wednesday ordered a Chinese company to sell most of a Welsh semiconductor plant it had acquired, ruling the takeover breached national security laws. The Department for Business, Energy and Industrial Strategy (BEIS) issued a notice of final order (pdf) telling Nexperia BV to sell at least 86 percent of Nexperia Newport Limited…


TikTok is a National Security Threat: FBI Director Wray

Social media giant TikTok presents a unique threat to U.S. national security due to its ties to communist China, according to FBI Director Christopher Wray. Speaking during a hearing of the House Homeland Security Committee, Wray said that TikTok, which is owned by Chinese company ByteDance, poses significant national security concerns to the United States….


‘Casino Loyale’: Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman

A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution. Shen Zhen New World I, a real estate firm owned by Chinese billionaire…


3 Arrested for Sending Military Secrets to China, Selling Chinese Items to DOD

Three people were arrested this week for their alleged involvement in a scheme to sell U.S. military secrets to China and to secretly bring Chinese goods into the U.S. defense supply chain. Phil Pascoe, Monica Pascoe, Scott Tubbs, and Quadrant Magnetics LLC were charged with wire fraud, violations of the Arms Export Control Act, and…