The Chinese Communist Party (CCP) has recently implemented two reductions in interest rates for U.S. dollar deposits in order to stabilize the exchange rate of the Chinese yuan. Analysts have raised concerns about the rapid depreciation of the yuan, which could lead to an increased outflow of funds from China and potentially heighten the risk…
US Calls for Freedom of ASEAN Countries to Choose Their Alliances
July 17, 2023
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U.S. Secretary of State Antony Blinken emphasized Friday the importance of ensuring the freedom of the Association of Southeast Asian Nations (ASEAN) to choose and forge alliances without facing coercion. Speaking to reporters following the ASEAN foreign ministers’ meeting in Indonesia, Blinken said the United States and the 10-member bloc have embarked on “a new…
ANALYSIS: China’s Economy Is Facing Its Biggest Challenge in Decades
July 16, 2023
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China’s economy is facing its biggest challenge in decades, and the authorities are running out of tools in their toolbox to address the issues, according to experts. The country’s latest macroeconomic data point to an economy on the verge of deflation. The June consumer price index was flat year on year and down by 0.2…
Yellen Visits India Again to Promote Closer Ties and Tackle Global Economic Problems
GANDHINAGAR, India—On the heels of a trip to Beijing, U.S. Treasury Secretary Janet Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Ms. Yellen told reporters…
IN-DEPTH: Argentina Starts Allowing Bank Accounts in Chinese Yuan, But Locals Prefer Dollars
July 16, 2023
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The ongoing shortage of U.S. dollars in Argentina has reached a new milestone, and officials are taking drastic steps to refill depleted foreign currency coffers. On June 29, Argentina’s Central Bank announced it would allow residents and businesses to hold accounts in China’s RMB yuan. The historic decision marks a departure from using solely the…
Taiwanese Groups Protest Against Service Trade Agreement With Communist China
July 16, 2023
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The Cross-Strait Service Trade Agreement has recently become a hot topic during Taiwan’s national election. Candidates from different parties have been urged to express their stance on it to the public. Professional groups have protested against the controversial agreement with China, which has been waiting for ratification by Taiwan’s Legislative Yuan for nearly a decade….
Senate Foreign Relations Committee Approves Transfer of Nuclear Submarines to Australia
July 16, 2023
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The U.S. Foreign Relations Senate Committee has triggered the start of the process of attaining U.S. Congressional approval for the United States to temporarily give Australia two nuclear-powered submarines, alongside other measures to deepen further defense sharing with members of the pro-liberty AUKUS defence alliance. In a bipartisan move on July 13, the committee authorized…
IN-DEPTH: Surging Child Sex Abuse Cases in China
July 16, 2023
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Child sexual assault numbers are increasing dramatically in China, according to recent Chinese Communist Party (CCP) statistics and data from Girls Protection Fund, a Chinese non-profit. There are some obvious factors for the rising numbers, including China’s one-child policy and the country’s registration system, which forces many rural parents to leave their families to work…
Biden’s China Policy Under Scrutiny as Kerry Is Set to Meet CCP Officials
July 16, 2023
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President Biden’s climate envoy John Kerry arrived in Beijing on July 16 for three days of talks, becoming the third U.S. official to travel to China in less than two months. While climate talks will dominate the discussions between Kerry and Chinese Communist Party (CCP) officials, it remains to be seen whether these talks will…
CCP Is Committing Genocide Against Falun Gong, Human Rights Lawyer Says
July 16, 2023
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The Chinese regime’s treatment of Falun Gong practitioners is another genocide, a human rights lawyer said of Beijing’s ongoing war against the spiritual discipline that has lasted for 24 years. David Matas, a human rights lawyer and Nobel Prize nominee, said Falun Gong adherents have been the target of a protracted “cold genocide” that’s harder…
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