The markets have shown China’s leader Xi Jinping that embracing authoritarian leadership and surrounding oneself with obsequious “yes” men tends not to encourage investor confidence. On Monday, the stock prices of some of China’s leading outward-looking companies like Alibaba and Tencent sunk by 11 percent in a single day. From Oct. 24 to Oct. 25,…
Xi Jinping Sinks Chinese Stocks
October 26, 2022
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Chinese Markets Fall as Xi Stacks CCP With Loyalists
October 24, 2022
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News Analysis News that Chinese communist leader Xi Jinping would assume a third term in power sent markets into a dive on Oct. 24, marking a broader pessimism that the leader’s policies will have negative consequences for the global economy. Investors in the Chinese market wiped nearly 10 percent off the value of internet giants…
TikTok Failed to Prevent 90 Percent of Election Misinformation: Report
October 21, 2022
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2022 Midterm ElectionsBusiness & MarketsChinaCompaniesdisinformationElection IntegrityelectionsFeatured TopicsFinance & Business TiesGlobal ExpansionInfiltrating the WestmisinformationNational Securitysocial controlSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaTikTokUSUS NewsUS-China relations
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Social media giant TikTok approved most political advertisements containing false and misleading information about U.S. elections despite assurances from the company that it had a robust mechanism for detecting such content, a new report has found. TikTok approved 90 percent of advertisements that featured misleading and outright false information about the upcoming 2022 U.S. midterm…
EU Leaders Harden Position on China, Move to Break Technology Dependency
October 21, 2022
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Leaders from the European Union jointly expressed trepidation this week about Europe’s increasing economic dependence on China. The foreign policy service of the EU said in a prepared statement that China’s communist leadership should be considered a competitor promoting “an alternative vision of the world order.” The hardening stance of European leaders against China comes…
Biden Administration’s Semiconductor Export Controls Face Mounting Hurdles
October 19, 2022
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The Biden administration’s recent move to limit semiconductor exports to China is facing several hurdles that could negatively impact the effort and place additional strain on international supply chains. The administration issued sweeping new export controls on Oct. 7 in an effort to hamstring the Chinese Communist Party’s (CCP’s) military modernization. Among those rules is a…
CCP Views US as Enemy, Not Competitor: Former Telecom Executive
October 18, 2022
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China’s ruling communist regime considers the United States to be more of an outright enemy than an economic competitor, according to one former telecommunications executive. The Chinese Communist Party (CCP) and its leader Xi Jinping believe that the United States is an adversary of China and are pursuing policies accordingly, said Jon Pelson, former chief…
Texas Teachers’ Retirement System Moves to Distance Pensions From Chinese Stocks
October 14, 2022
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The largest public retirement system in Texas is moving to remove Chinese companies from the list of stocks it invests in as part of its pension fund for teachers. The Teacher Retirement System of Texas (TRS) gained approval last month to move forward with a new benchmark that proportionally mixes two emerging markets indexes, including…
White House, Pentagon Officials Traded Chinese Stocks While Mulling Blacklist: Report
October 11, 2022
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ChinaChina Business & EconomycorruptionDODeconomyFinance & Business TiesInternational RelationsmilitaryNational SecurityPentagonSpecial TopicsstocksThreat from Communist ChinaUSUS NewsUS-China relationsWhite House
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High-ranking Pentagon and White House officials traded in Chinese stocks even as their offices were tasked with considering the companies for blacklisting, according to a new report. More than 2,600 government employees owned or traded stocks whose prices would rise or fall depending on their actions, according to a new investigative report by The Wall…
Biden Admin Unveils Tough Restrictions on Semiconductor Exports to China
October 7, 2022
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arms racebidenCCPChinaChina Human RightsExecutive BranchFinance & Business TiesInternational RelationsPoliticssemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS NewsUS-China relations
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The Biden administration unveiled sweeping new export controls Oct. 7, in an effort to hamstring the military modernization of an increasingly hostile China. Among the new export rules is a measure that will cut communist China off from certain semiconductor chips that are made with U.S. technologies, regardless of whether the chips were manufactured in…
Pentagon Blacklists Drone Giant DJI as ‘Chinese Military Company’
October 6, 2022
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arms raceblacklistCCPChinaChinese RegimedroneFinance & Business TiesInternational RelationsmilitaryNational SecurityPentagonSpecial TopicsTech CompetitionThreat from Communist ChinaUSUS-China relations
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The Pentagon has blacklisted a Chinese drone manufacturer, which Ukrainian officials previously accused of providing military support to Russia. DJI Technology, the world’s largest consumer drone manufacturer, was added to a Department of Defense (DOD) list of 60 “Chinese military companies” operating in the United States, the Pentagon announced on Oct. 5. Adding DJI to the…
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