SHENZHEN, China—From an office in Shenzhen’s sprawling electronics district, an engineering team is prototyping a bioreactor that will one day produce “cultivated meat”, discussing component sizes in a video call with scientists sitting in kitchens and bedrooms in the UK. It’s a complicated conversation about precision parts that would ordinarily need a hands-on meeting in…
West Bolsters Global Infrastructure Investment in Bid to Counter China’s BRI
August 5, 2021
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News Analysis Western nations are increasing global infrastructure cooperation in a bid to counter Beijing’s massive “New Silk Road” project, also known as the Belt and Road Initiative. As allied democracies reassess their commitment to infrastructure investment plans, experts warn that their budgets are insignificant compared with Beijing’s global infrastructure spending. Chinese leader Xi Jinping…
GOP Senators Unveil Bill to End Lending to Chinese Regime From Multilateral Development Banks
August 5, 2021
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Eighteen Republican senators introduced legislation on Wednesday to end lending to China from multilateral development banks, including the World Bank and the Asian Development Bank. The new bill (pdf), S. 2587, would establish that it is U.S. policy to oppose any additional loan, extension, or technical assistance from multilateral development banks to China. Multilateral banks were created to…
Businesses Need to Ensure Supply Chains Free From Chinese Goods: Former Prime Minister
July 28, 2021
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Former Australian Prime Minister Tony Abbott has called on business leaders not to focus on short-term gains, but instead, work towards minimising Beijing’s influence on supply chains. In a speech to Policy Exchange, a right-leaning think tank in the United Kingdom, the former prime minister also conceded that his government was too naïve in its…
Growing Crackdown Sparks Foreign Exodus From Chinese Stocks
July 27, 2021
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WASHINGTON—China has escalated its regulatory crackdown on its private sector, sending shockwaves across the global markets. The move, which wiped out more than $765 billion of value from U.S.-listed Chinese companies in the past few months, sends a stark message to dozens of domestic firms that seek to tap into U.S. capital markets. Beijing’s crackdown…
US-Listed Chinese Companies Must Disclose Government Interference Risks–SEC Official
July 27, 2021
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WASHINGTON—Chinese companies listed on U.S. stock exchanges must disclose the risks of the Chinese government interfering in their businesses as part of their regular reporting obligations, a top U.S. Securities and Exchange Commission (SEC) official said on July 26. Democratic commissioner Allison Lee’s comments are the first by an SEC official since Chinese regulators launched…
Dutch Data Protection Authority Fines TikTok Over Privacy
July 22, 2021
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THE HAGUE, Netherlands—The Netherlands’ Data Protection Authority said Thursday it has fined TikTok 750,000 euros ($885,000) for not offering a privacy statement in Dutch, saying many children who use the popular video sharing app would be unable to understand the information. The agency said that by not offering a Dutch-language privacy statement, “TikTok failed to…
‘They Are Our Enemies’: Rep. Roy’s Bill Seeks to Block CCP Members From Buying US Land Over National Security
July 20, 2021
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Rep. Chip Roy (R-Texas) says that his bill that blocks members of the Chinese Communist Party (CCP) from acquiring U.S. land is necessary to protect the nation’s national and economic security. The bill (pdf), named the Securing America’s Land from Foreign Interference Act, was introduced on July 9. It would block members of the CCP from…
Exposing the Red Elites Behind China’s Uber (Part 1)
July 19, 2021
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China’s largest online ride-hailing platform, Didi Chuxing, was listed on the New York stock exchange at the end of June. Days later, a cybersecurity review followed along with the removal of all its apps, resulting in its share price plunging. It was a massive reversal of fortunes which also resulted in the exposure of some red power…
US Senate Passes Bill To Ban All Xinjiang Goods Over CCP’s Rights Abuse
July 15, 2021
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The U.S. Senate unanimously passed a bill on Wednesday that would block the import of all products from China’s northwestern region, where at least 1 million Uyghurs and ethnic minorities are being held in secretive “political reeducation” camps. The Uyghur Forced Labor Prevention Act, a bipartisan measure, would create a “rebuttable presumption” assuming goods manufactured…
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