Republican senators expressed concerns this week about the Biden administration’s Navy budget, saying that the proposed spending is not adequate to confront the threat posed by China’s expanding naval forces. “This administration’s budget request does not fully reflect the challenges identified in its own national defense strategy,” Sen. Susan Collins (R-Maine), vice chair of the…
GOP Senators Question Biden’s Navy Budget as China Projects Having 150 More Ships Than US by 2028
March 30, 2023
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Trump-Era Trends Could Have Yielded 850 Million More Barrels Under Biden: Expert
March 30, 2023
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…
Trump-Era Oil Trends Could Have Produced 850 Million More Barrels Under Biden: Expert
March 30, 2023
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Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…
China Ditches US Dollars in New Brazil Agreement, Settles First LNG Trade in Yuan
March 30, 2023
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China settled its first purchase of liquefied natural gas (LNG) in the yuan as the world’s second-largest economy continues to accelerate the currency’s presence in the international market. China National Offshore Oil Corporation (CNOOC), the country’s largest offshore oil and gas producer, acquired an LNG shipment from France’s TotalEnergies through the Shanghai Petroleum and Natural…
Chinese Ambassador Accuses the US of Being a Failing Democracy
March 29, 2023
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The Chinese ambassador to New Zealand, Wang Xiaolong, has sent a letter full of criticism of the U.S.-led democratic world to New Zealand MPs while claiming that China had a different system of democracy. Wang accused the United States of having a sense of superiority and spreading “false” narratives of democracy versus authoritarianism. He claimed…
China Spent $240 Billion Bailing Out ‘Belt and Road’ Countries, Study Shows
China spent $240 billion in bailing out 22 participating countries of its Belt and Road Initiative (BRI) by the end of 2021, a new study shows. The study published on Tuesday by AidData, a research lab at William & Mary, a public university in Virginia, notes the significant scale of China’s cross-border rescue lending: it says…
WeChat: The CCP’s Ultimate Tool to Control Chinese Americans
March 27, 2023
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While the world is awakening to the threat of TikTok, WeChat is another Chinese social media platform that is infiltrating and monitoring a huge population of Chinese people overseas. Lydia Liu is a Chinese American who found herself becoming a victim of the Chinese Communist Party’s (CCP) censorship through WeChat, a Chinese-owned social media video-sharing…
Empty Shipping Containers Pile Up in Chinese Ports as China’s Exports Continue to Decline
March 27, 2023
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Empty shipping containers used for export have been piling up in Shanghai, Ningbo, Guangdong, and other major Chinese ports since December, as China’s foreign trade continues to decline. The latest data from ContainerxChange, a global container trading platform, shows that in the sixth week of 2023 (February 5–11), the CAx (Container Availability Index) of Shanghai…
The CCP Consuming Russia in Its Desire for World Domination
March 26, 2023
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Commentary The recent visit by Chinese leader Xi Jinping to his “friend forever” in Moscow, Vladimir Putin, marks a new phase in Xi’s efforts to create a new world order dominated by authoritarian regimes. The ostensible reason for the visit was to promote China’s peace plan for the war in Ukraine, but the outcome of…
The Dragon Consumes the Bear in Its Quest for World Domination
March 26, 2023
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Commentary The recent visit by Chinese leader Xi Jinping to his “friend forever” in Moscow, Vladimir Putin, marks a new phase in Xi’s efforts to create a new world order dominated by authoritarian regimes. The ostensible reason for the visit was to promote China’s peace plan for the war in Ukraine, but the outcome of…
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