Category: Finance & Business Ties

China, Russia Trade Surges Amid Ukraine War

China’s export growth slowed in the January-February period but was propped up a high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The country’s output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on…


Chinese Communist Party Wants Isolated Russia to Become Dependent on Beijing: Expert

The Chinese Communist Party (CCP) hopes to capitalize on Russia’s current isolation by rendering it more dependent on Beijing, according to one expert. To achieve that goal, however, Beijing will need to provide Russia with assistance that flies under the radar of Western nations, which has leveled a slew of sanctions on Moscow over its…


Ukraine Invasion May Speed Up China’s Plan to Insulate Against US Dollar: Fed Chair

China could very well accelerate its plans to come up with alternatives to the world’s dollar-dominated international payments system, after seeing Russia becoming isolated economically, according to Federal Reserve Chairman Jerome Powell. Powell made the assessment on March 3 during a Senate Banking Committee hearing, when he was questioned by Sen. Jack Reed (D-R.I.), who…


‘All About Money’: GOP Lawmaker Slams US Corporations For Aligning with CCP’s Values

Rep. Brad Wenstrup (R-Ohio) said he has “tremendous concerns” that American corporations have aligned themselves with the values of the Chinese Communist Party (CCP). “You see some companies that tout all this social justice here in the United States, but they certainly turned their eye towards China,” said Wenstrup. “It’s all about money,” he said….


Chinese Communist Party Sends Mixed Signals on Russia Sanctions

The Chinese Communist Party (CCP) is sending mixed signals about its commitment to uphold international sanctions against Russia, following the latter’s invasion of Ukraine. The CCP regime has enacted some sanctions and lifted others. Two of China’s largest state-owned banks restricted financing for purchases of Russian commodities on Feb. 25, following an announcement of a…


DOJ Terminates Program Targeting Chinese Espionage Amid Accusations of Racism

The Department of Justice (DOJ) announced on Feb. 23 that it’s ending the “China Initiative,” an effort to combat economic espionage, trade theft, and technology transfer by the Chinese regime. The program will be replaced with a broader approach focused on countering espionage, cyberattacks, and other threats from a range of countries, a top DOJ…


‘Epidemic of Sellouts’: NBA Players’ Shoe Deals With Chinese Brands Linked to Forced Labor Draws Criticism

“If you don’t stand for something, you’ll fall for anything,” so wrote retired NBA player Dwyane Wade on Twitter in June 2020. The tweet, coming out amid mass protests over the death of George Floyd, pictured the basketball player holding a pair of black shoes with the slogan painted over in capital letters: “enough is…


Enes Kanter Freedom on Capitol Hill Details CCP Ties With the NBA

Recent Nobel Peace Prize-nominated NBA free agent Enes Kanter Freedom received a warm applause from Senators on Capitol Hill at an awards ceremony for his continued activism against the Chinese Communist Party’s (CCP) crimes against humanity, particularly the persecution of the Muslim Uyghur population, and forced organ harvesting in China. When it comes to the NBA,…


‘I Have No Regrets’: Enes Kanter Freedom, Ousted from NBA, Vows to Continue Speaking Out Against CCP’s Abuses

Enes Kanter Freedom, who was recently nominated for the Nobel Peace Prize and is newly without a team in the NBA, received a warm welcome from Senators on Capitol Hill at an awards ceremony last week for his continued activism against the Chinese Communist Party’s (CCP) human rights abuses. When it comes to the NBA, “you can…


Republican Lawmakers Call on Biden to Take Action on China’s Failure to Meet Trade Commitments

Sixty House Republican lawmakers are seeking answers from President Joe Biden after Beijing failed to meet its buying targets under the “phase one” trade agreement with the United States. The lawmakers are particularly concerned about how China failed to buy enough U.S. agricultural products. According to their letter (pdf) to Biden, China was nearly $16…