Category: Finance & Business Ties

Paraguay Seeks $1 Billion Investment From Taiwan to Help It Resists China’s Pressure

President Mario Abdo Benitez of Paraguay has said that his nation requires $1 billion in investment from Taiwan to help the Paraguayan government resist pressure to switch diplomatic recognition to China. Benitez said in an interview with the Financial Times on Sept. 29 that his government was working with Taiwan’s president Tsai Ing-wen to ensure that…


Paraguay Seeks $1 Billion Investment From Taiwan to Help It Resist China’s Pressure

President Mario Abdo Benitez of Paraguay has said that his nation requires $1 billion in investment from Taiwan to help the Paraguayan government resist pressure to switch diplomatic recognition to China. Benitez said in an interview with the Financial Times on Sept. 29 that his government was working with Taiwan’s president Tsai Ing-wen to ensure that…


TikTok Is ‘Everything That You Do Not Want in a Modern Democracy’: Tech Expert

Social media giant TikTok and its nebulous connections to the Chinese Communist Party (CCP) present a threat to U.S. national security, according to one expert. Geoffrey Cain, an independent investigative journalist and author of a book on the CCP’s efforts to build a totalitarian surveillance state, believes that TikTok’s troubled emergence, shadowy corporate structure, and…


Advanced Economies Have ‘No Confidence’ in China’s Xi Jinping: Global Survey

Public opinion of China has plummeted among the world’s most advanced economies under the reign of Chinese Communist Party (CCP) leader Xi Jinping. A new global survey by the Pew Research Center found that the opinions of large majorities in the world’s developed nations had turned “precipitously more negative” regarding China due to the leadership…


DeSantis Announces Actions to Confront CCP Influence in Florida

Florida Governor Ron DeSantis on Sept. 22 signed a new executive order and unveiled a package of legislative proposals to combat “malign foreign influence,” particularly from communist China. “The number one source of that influence, not just in the United States but really around the world, is the Chinese Communist Party,” DeSantis said during an…


Lawmakers Grill Big Banks’ China Ties Amid Concerns About Taiwan Invasion

Leaders of the nation’s largest banks came under scrutiny Wednesday as lawmakers sought to assert a tougher posture towards China’s communist government. The continued independence of Taiwan and the Chinese Communist Party’s (CCP) alleged genocide in Xinjiang were key issues discussed. During the hearing of the U.S. House Financial Services Committee, Rep. Blaine Luetkemeyer (R-Mo.) asked…


‘Naivety Toward China Is Over’: G7 Nations to Take Tougher Stance on China Trade

G7 Trade Ministers have said they will take a tougher stance on China over trade, after a two day meeting at Neuhardenberg Palace in East Berlin, Germany, on Sept. 15. Experts believe the change is because the countries have become increasingly alert to the Chinese regime’s aggressive behavior towards the international community. German Minister for…


Rick Scott, Ron DeSantis Warn of China’s Economic Threat

Sen. Rick Scott (R-Fla.) and Florida’s Gov. Ron DeSantis have warned of the danger of economic dependence on China at the National Conservatism Conference in greater Miami. “We should never buy a product that comes in a box that’s made in China. If we do, send it back,” Scott said. Scott made the comments during…


Biden Admin Bars Construction of ‘Advanced’ Semiconductor Factories in China for 10 Years

The Biden administration announced this week that technology companies that receive funds from the $280 billion CHIPS and Science Act will be barred from building advanced facilities in China for a period of 10 years. Secretary of Commerce Gina Raimondo announced the rule during a Sep. 6 press conference, framing the rule as an important…


SEC Chairman Warns Chinese Companies to Play by Rules or Face Delisting

The U.S. Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission, and the Ministry of Finance have reached an agreement on the audit supervision of Chinese concept stocks, which Chinese media described as “great news for investors.” However, the SEC chairman warned that Chinese companies still face the risk of delisting if they…