The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
US Sold 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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US Sold Nearly 6 Million Barrels of Oil Reserves to China, Records Show
July 25, 2022
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Asia & PacificbidenBusiness & MarketsChinaChina Business & EconomyChinese RegimeeconomyenergyExecutive BranchFinance & Business TiesNational Securityoil reservePolicies & ImpactsPoliticsSinopecSpecial TopicsStrategic Petroleum ReserveunipecUSUS NewsWorld
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The Biden administration has sold nearly 6 million barrels of oil from the U.S. strategic reserve to an entity tied with the Chinese Communist Party, records show. From September 2021 to July, the Department of Energy (DOE) has awarded three crude oil contracts with a combined value of roughly $464 million to Unipec America, the…
Gates Foundation Funding China to Recruit Foreign Scientists
July 23, 2022
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The Bill & Melinda Gates Foundation is providing financial assistance to the Ministry of Science and Technology of China in its bid to tempt foreign scientists to the country, the National Pulse reported. The Grant The $100,000 grant served the purpose of organizing a forum on “pandemic preparedness and response,” which would focus on “leveraging…
$50 Billion: Wealthy Chinese Want to Leave China; More Banks Freeze Withdrawals in China
July 20, 2022
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Wealthy Chinese are leaving China—or at least planning on leaving—as they cannot stand the draconian COVID measures. But will Chinese leader Xi Jinping allow it to happen if that means billions of dollars in cash go out of China amid the contractions and poor economy? Meanwhile, more banks in China suspend bank withdrawals using various…
NZ Minister Concerned About Pacific Debt Levels to China
July 19, 2022
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New Zealand Foreign Minister Nanaia Mahuta has sounded a warning over debt levels among the Pacific nations, saying it is a key area of vulnerability that needs to be addressed. Speaking to TVNZ’s Q+A program on July 17 said she was concerned about the way development in the Pacific was being funded, particularly by China….
Chinese Military Using US Semiconductors to Train Combat AI, Report Says
July 18, 2022
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The Chinese military is purchasing semiconductors designed by U.S. companies and manufactured in Taiwan and South Korea to fuel its advancements in artificial intelligence (AI), according to a new report. The People’s Liberation Army (PLA) is making “significant progress” in adapting AI to its combat and support technologies, according to the June report (pdf), which…
Chinese Military Using US Semiconductors to Train Combat AI: Report
July 18, 2022
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AIarms raceAsia & PacificChinaChina Business & EconomyFinance & Business TiesmilitaryNational SecurityPLAsemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsWorld
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The Chinese military is purchasing semiconductors designed by U.S. companies and manufactured in Taiwan and South Korea to fuel its advancements in artificial intelligence (AI), according to a new report. The People’s Liberation Army (PLA) is making “significant progress” in adapting AI to its combat and support technologies, according to the June report (pdf), which…
Japan’s Defense Against ‘Paramount’ Leader Xi; Legal Expert: USAGM Nominee’s China Ties
July 14, 2022
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Japan is on the road to amending its constitution amid China’s military threat. We discuss how the Chinese regime’s leadership is pushing Japan to do so, with Taiwan as the focus. While Chinese leader Xi Jinping wants to become the paramount leader, he needs credible achievements. A new so-called People’s View says they will keep…
Shopping Invasion of America From China; Biden Sells Strategic Reserve Oil to China
July 13, 2022
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We discuss how China is using data theft and its commercialization in a shopping war on America. Amazon has a Chinese seller problem. Companies like Wish.com, Shein, and AliExpress out-compete American companies. All that is based on data that the Chinese Communist Party has gathered on Americans. I then speak with John McNabb, former co-founder…
China and Russia Want to Replace US Dollar With BRICS Currencies
July 11, 2022
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News Analysis BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar. The BRICS—an acronym for Brazil, Russia, India, China, and South Africa—held a summit on June 23. The meeting, chaired by Chinese leader Xi Jinping, was part of a lengthy series of BRICS cooperation events, which began on June 6 with…
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