China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), announced the appointment of its new chairman on July 17. Vice chairman Liu Xunfeng replaced former chairman Gao Yonggang, who the company said had resigned due to “work adjustment.” SMIC did not offer any further explanation in it’s statement to the Hong Kong Stock Exchange. Mr. Gao was appointed…
US Sanctions Bite as China’s Largest Chipmaker Replaces Chairman for Second Time in Two Years
July 19, 2023
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Worrying About CCP Interference, Australian Councillor Calls for Severing Sister-City Relations With Chinese City
July 19, 2023
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A Western Australian city is considering severing its sister-city relationship with its Chinese counterpart amid concerns that Beijing is using the ties for foreign interference. On July 12, Albany city councillor Thomas Brough sent a notice of motion, calling on Albany to terminate its sister city relationship with Linyi City, Shandong Province in China, which…
‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
[PREMIERING NOW] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
Chinese Fast-Fashion Retailer Sued in US for Racketeering, Copyright Infringement
July 18, 2023
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Chinese fast fashion e-commerce company Shein has recently been sued again in the United States for racketeering and plagiarizing the work of three independent designers. The plaintiffs accused Shein, a Chinese company that recently changed its headquarters’ address to Singapore, violated the Racketeer Influenced and Corrupt Organizations Act (RICO), as the company has engaged in…
Haley Says She’s Open to Labeling China a Currency Manipulator
July 18, 2023
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Republican presidential candidate Nikki Haley said on July 17 that she is open to designating communist China as a currency manipulator. When asked by The Epoch Times during a press gaggle shortly before taking the stage at Christians United for Israel’s annual summit in Arlington, Virginia, why the only condition of China’s normal trade status…
[PREMIERING 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 18, 2023
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
Treasury Secretary Yellen Doesn’t Expect a Recession in US
July 18, 2023
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U.S. Treasury Secretary Janet Yellen said during an interview that the U.S. economy would not be hit by a recession. While Ms. Yellen was in attendance at a G-20 summit in Gandhinagar, India, she told Bloomberg on July 17 that the United States was making good progress in bringing inflation down this year. Ms. Yellen…
Higher Wages Attract Young Chinese to Africa
July 17, 2023
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China’s economic downturn has prompted many young Chinese to go to Africa to make a living. After overcoming fears of poverty and cultural differences, many found they could prosper. “Many stuff Americans buy in stores are made by Chinese companies, but they’re not made in China but in Africa,” said Sun Yuan, author of the 2017…
[PREMIERING 7/18, 7:30PM ET] ‘A Fool’s Bargain’—Robert Lighthizer on the US-China Trade Relationship and How to Strategically Decouple
July 17, 2023
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American Thought LeadersBusiness & MarketsChinaChina Business & EconomyChina Newseconomic policieseconomyEpochTVFinance & Business Tiesfree tradeLive VideosRobert LighthizerSpecial TopicsTech CompetitionUS-China relationsUS-China TradeVideo
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“The economic growth of China is largely a wealth transfer from the United States,” says Robert Lighthizer. “You’re transferring the wealth of our children and grandchildren and their children overseas.” Mr. Lighthizer served as the U.S. Trade Representative in the Trump administration and also served as deputy trade representative in the Reagan administration. In this…
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