China’s communist regime is engaged in a concerted effort to undermine and replace the United States by weaponizing Americans against one another, according to testimony received by a new congressional committee focused on competition with the regime. The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) held…
CCP Seeks to ‘Replace’ US With ‘Tech-Powered Dystopia’: Select Committee Testimony
February 28, 2023
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White House Orders TikTok Purge from Government Devices
February 28, 2023
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The White House on Monday ordered the removal of the Chinese-owned TikTok app from all government devices and systems within 30 days in a bid to keep U.S. data safe. The Office of Management and Budget (OMB) said on Twitter that the Biden administration “has made advancing our nation’s cybersecurity a top priority.” “Today, OMB…
China Added to Its Money Supply in 2022
News Analysis China has reportedly added trillions of yuan to the money supply in 2022, the most in its history and equivalent to the combined amount from the United States, Japan, and the European Union. However, the move may have no way to boost the Chinese economy, given a sluggish trend in GDP and a…
Chinese Bank Says Missing Chairman Is Being Investigated by Authorities
BEIJING—China Renaissance Holdings said in an exchange filing on Sunday that its missing chairman and star dealmaker Bao Fan was currently cooperating with relevant Chinese authorities conducting an investigation. This is the first time the mainland China-based boutique bank has given a reason for the disappearance of its founder—who was reported missing 10 days ago—though…
TikTok Banned in European Union’s Governing Bodies Over Security Concerns
The Chinese-owned video-sharing app TikTok has been banned in the two biggest policy-making institutions of the European Union over concerns about cybersecurity and promotion of Beijing’s agenda overseas. TikTok, which is owned by Chinese company ByteDance, has been widely criticized for its toxic content and is banned by several countries as well as 25 U.S….
Intellectual Property Theft Enables China to Dominate EV Industry: Former US Intelligence Official
February 24, 2023
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Intellectual property theft allows China to dominate the world of electric vehicles (EV), according to former senior intelligence official and author Nicholas Eftimiades. From 2021 to 2022, the number of EVs sold annually in China grew from 1.3 million to 6.8 million, making 2022 the eighth consecutive year in which China was the world’s largest…
US Unveils New Sanctions, Tariffs on Russia on Ukraine War Anniversary
February 24, 2023
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The United States has announced sweeping new sanctions on Russia and its partners on the first anniversary of the invasion of Ukraine. The Biden administration said on Feb. 24 that it would implement increased tariffs and export controls against critical Russian sectors in order to break the regime’s ability to continue its war of conquest…
US to Target Chinese Companies in Upcoming Sanctions on Russia: State Department
February 24, 2023
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U.S. under secretary of state for political affairs Victoria Nuland revealed that an upcoming sanctions package targeting Russia on the one-year anniversary of the war in Ukraine will also target China-linked entities that are violating export bans against Moscow. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken…
US to Target Chinese Companies in Upcoming Sanctions on Russia
February 24, 2023
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U.S. Sanctions targeting Russia on the one-year anniversary of the war in Ukraine will also hit China-linked entities that are violating export bans against Moscow, according to the State Department. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken Moscow’s ability to finance and supply its military offensive…
Lawmakers Seek to Enhance Treasury and Commerce Departments Against China’s Wrongdoing
February 21, 2023
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Two senators are pressing the Biden administration to expand the authorities of the Treasury and Commerce Departments in order to prevent China’s communist regime from benefiting from U.S. innovation and investments. On Feb. 21, Senate Select Committee on Intelligence Chair Mark Warner (D-Va.) and Vice Chair Marco Rubio (R-Fla.) penned an open letter to Treasury Secretary…
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