Former President Donald Trump’s indictment in New York City is a “sad day for American justice” and should be dismissed on legal grounds, according to legal analyst, Paul Kamenar. Kamenar is the lead counsel for the National Legal and Policy Center. He joins Larry Elder to discuss the Trump indictment. The charges brought by Manhattan…
Will the Trump Indictment Survive a Motion to Dismiss? | The Larry Elder Show | Ep. 149
April 6, 2023
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Chinese Yuan Far From Dethroning US Dollar as Global Reserve Currency, Expert Says
April 5, 2023
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Although Brazil and China reached an agreement to conduct trade in their own currencies rather than the U.S. dollar, the Chinese yuan is far from becoming a global reserve currency, according to Milton Ezrati, chief economist at Vested, a New York-based communications firm. Beijing hails the agreement as a step toward global de-dollarization and an…
EU Leaders Head to China for Delicate Talks on Ukraine, Trade
April 4, 2023
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BEIJING—European Union executive head Ursula von der Leyen and French President Emmanuel Macron are to land in China on Wednesday seeking to “reset” ties with an important economic partner while broaching thorny issues like Ukraine and trade risks. Macron last visited China in 2019 while it will be von der Leyen’s first trip since becoming…
Chinese Banking Fraud Victims Strive to Have Their Voices Heard
April 4, 2023
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Customers of Henan’s rural banks are continuing to seek access to their bank deposits, which have been frozen since April of last year. They are also searching for ways to let the outside world hear them voice their frustrations. On April 2, hundreds of Chinese deposit-holders gathered on a busy overpass in Zhengzhou city, Henan…
China’s Brazil Deal Could Topple US Dollar in Region, Create Supply Chain Bottlenecks: Analysts
On March 29, Brazil’s government announced it would start using local currency and China’s yuan for financial transactions between the two nations. While pragmatic on the surface, some say the move indicates China’s push to end the U.S. dollar’s dominance, particularly in the Americas. The decision occurred in lockstep with Beijing’s increased demand for commodities from the…
China’s New Premier Reiterates ‘Opening-Up’ Policy at International Forum, But Outside World Skeptical
April 3, 2023
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China’s new Premier Li Qiang reiterated the ruling Chinese Communist Party (CCP)’s new “reform and opening-up” policy at the Boao Forum a few days ago. However, observers believe that the CCP’s fundamental policy and economic situation won’t experience significant changes as long as the CCP is around, despite the leadership’s change in tone. Li Qiang…
Beijing Can’t Continue Its Deceitful Trade Practices If China Loses ‘Developing Country’ Status: Expert
April 2, 2023
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News Analysis U.S. House lawmakers have unanimously voted to revoke China’s “developing country” status. China experts believe that the passage of this bill will make it difficult for the Chinese Communist Party (CCP) to continue its deceitful trade practices in the international community. On March 27, the U.S. House of Representatives passed a bill to…
Saudi Arabia Joins Shanghai Cooperation Organization as Ties With China Grow
April 2, 2023
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RIYADH—Saudi Arabia’s cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization, as Riyadh builds a long-term partnership with China despite U.S. security concerns. Saudi Arabia has approved a memorandum on granting the kingdom the status of a dialogue partner in the Shanghai Cooperation Organization (SCO), the state news agency SPA said. The…
Stifled by Politics, Beijing and Shanghai Fall in Rankings of International Financial Centers
March 31, 2023
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Shanghai and Beijing have both fallen sharply in the latest ranking of the world’s most competitive financial centers. The dynamism of China’s financial sector has waned markedly in part due to the Chinese Communist Party (CCP)’s recent policies, and the trend is intensifying. With the outbreak of the pandemic in early 2020, CCP authorities implemented…
Shenzhen Becomes China’s Largest Industrial City as Shanghai Declines
For many years, China’s top three industrial cities were Shanghai, Shenzhen, and Suzhou, in that order. However, as Shanghai implemented Beijing’s draconian zero-COVID policy last year, the city’s GDP by industry fell, and Shenzhen overtook Shanghai to become the No. 1 industrial city in China. According to China’s recently released 2022 GDP ranking of the top…
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