Category: Finance & Business Ties

Treasury Secretary Yellen and Chinese Vice Premier Liu to Meet Amid Competition for African Influence

Officials from the United States and communist China will meet in Switzerland this week to discuss economic development and work to increase communication between the two nations on economic issues. U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Zurich on Jan. 18 as part of an attempt to ease tensions…


State Governments ‘Weakest Link’ in Protecting America From ‘Enemy’ Cyberattacks

United States federal agencies and the Pentagon over the last decade have imposed a matrix of restrictions on purchasing technology from companies owned or influenced by China’s ruling Chinese Communist Party (CCP), but few of the nation’s 50 states have taken similar precautions. In fact, many state governments apparently aren’t aware—or haven’t publicly acknowledged—how potentially…


Rep. Palmer Calls Out White House For Opposing Ban on Oil Sales to China

President Joe Biden is drawing criticism from lawmakers after the White House made negative comments about a bipartisan effort to curb the flow of U.S. oil to China. The House of Representatives approved a measure on Jan. 12 that would block exports from the nation’s Strategic Petroleum Reserve (SPR) to China and prohibit the sale…


Biden Document Questions: What Is TS/SCI, and Where Is the Chain of Custody?

Revelations keep unfolding in regard to the classified documents from President Joe Biden’s vice presidency that have been discovered at multiple locations. Yet, for many people following the story, it’s easy to get lost in intelligence jargon and an alphabet soup of agencies. For example, what is top secret sensitive compartmented information (TS/SCI)–and what does…


Hunter Biden, China Ties Should Be Top Focus for Biden Special Counsel: Gingrich

The newly appointed special counsel to investigate President Joe Biden’s handling of classified documents should dig into the University of Pennsylvania’s connections with China and any potential role of Hunter Biden, said former House Speaker Newt Gingrich. Files with classified markings from the Obama-Biden administration have so far been found in two locations linked to…


Disney, NBA Execs ‘Have to Testify’ Before New House Panel on CCP Ties: Rep. Gallagher

The new House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) will call on executives from the Walt Disney Company and the NBA to publicly testify and defend their ties to China’s communist regime. Rep. Mike Gallagher (R-Wisc.), who will chair the committee, made the announcement during a…


Foreign Affairs Committee Chair Sounds Alarm Over ‘Stealth’ Chinese Purchase of Cambridge Chip Startup

Foreign Affairs Committee Chair Alicia Kearns on Wednesday wrote to Business Secretary Grant Shapps, calling for a review into the Chinese take over of a UK semiconductor company. She said the investment into Cambridge University start-up Flusso wasn’t reviewed under the National Security and Investment Act because the name of the acquirer was not mentioned…


DeSantis Eyes Ban on China-Based Entities From Purchasing Florida Property

Florida Gov. Ron DeSantis is mulling a move to ban Chinese entities from purchasing property in the state due to the economic and security risks posed by  China’s communist regime. “If you look at the Chinese Communist Party, they’ve been very active throughout the Western Hemisphere in gobbling up land and investing in different things,”…


‘Carry Water for Beijing’: Rubio Sounds Alarm on JP Morgan’s Partnership With TikTok’s Chinese Owner

Sen. Marco Rubio (R-Fla.) has raised “strong concern” over banking giant JP Morgan Chase’s decision to partner with China-based ByteDance to develop its next-generation payment systems. ByteDance is the parent company of social media giant TikTok, and has drawn heightened scrutiny over its ties with the Chinese Communist Party (CCP), which rules China as a…


MPs Push for Tighter Rules on UK Public Procurement From Hostile States

The UK is facing “Huawei-level decisions on a range of security measures,” Alicia Kearns, chair of the Foreign Affairs Committee, said on Monday as she and a number of MPs called for tighter rules around public procurement. The government “took too long” to strip Huawei—a Chinese telecommunications giant—from the UK’s 5G network, the Conservative MP said…