Tag: China

“They depend more on us than we depend on them … Fundamentally, the rise of China does not really continue from an economic perspective without access to Western markets, Western capital, and Western technology,” says Jonathan Ward. He is a China scholar, founder of the Atlas Organization, and author of “The Decisive Decade: American Grand Strategy for Triumph Over China.” ...

The Chinese regime is hiding trillions of dollars in “shadow reserves,” according to an economist and former Obama-era Treasury Department official. Mr. Brad Setser, who served on President Joe Biden’s 2020 transition Agency Review Team, recently warned that China possesses far more foreign exchange reserves than what the regime is reporting. He estimated in The China Project that Beijing likely ...

U.S. Treasury Secretary Janet Yellen is traveling to China this week for talks with senior Chinese officials, the Treasury Department said on Sunday. Yellen will be the second highest-ranking U.S. official to visit China in weeks as the United States attempts to improve ties with China’s ruling communist party. Yellen will travel to Beijing from July 6 to July 9 ...

Nearly two thirds of the countries in the world are now “exploring” central bank digital currencies (CBDCs) at one level or another, a new report says. The report, published on Wednesday by Washington-based think tank Atlantic Council, reveals that a total of 130 countries—representing 98 percent of global economy—are taking steps to convert their central bank money into digital form. ...

The United States is “asleep at the wheel” while communist China has grown into the “most dangerous foreign threat” that is now trying to displace the U.S.-based world order, according to former United Nations Ambassador Nikki Haley. In a speech at the American Enterprise Institute, the Republican presidential hopeful described the Chinese Communist Party as “the greatest threat to American ...

Secretary of State Antony Blinken stood by earlier comments from President Joe Biden calling Chinese leader Xi Jinping a dictator, saying “the president speaks for all of us.” Biden earlier referred to Xi as a “dictator” during a fundraiser event in California, just a day after Blinken reported having had a “robust conversation” with the Chinese Communist Party head in ...

In this episode of “ATL:NOW,” I sit down with China expert Gordon Chang to discuss Secretary of State Antony Blinken’s visit to China, growing fears of a Taiwan invasion, rumors of Americans being evacuated, and growing reports of large numbers of Chinese nationals—mostly male and unaccompanied by family members—coming through the U.S. southern border. ...

Commentary Despite a number of structural disadvantages, India will likely rival China in terms of global power. This year, India hosted the G-20 conference, which Indian leaders see as recognition that the nation has come of age and is ready to overtake China. India has already surpassed China in population and is hoping to eclipse China economically and militarily. Over ...

TikTok has admitted to storing some U.S. user data on China-based servers, which differs from its CEO’s previous testimony to Congress that “American data stored on American soil.” The Chinese video-sharing platform confirmed this in a letter dated June 16 made in response to questions raised by Sens. Richard Blumenthal (D-Conn) and Marsha Blackburn (R-Tenn) to TikTok CEO Shou Zi ...

Commentary In yet another sign of China’s economic and financial troubles, Beijing has dramatically diminished its financial presence in Southeast Asia. Once preeminent, China finds itself today eclipsed by others. If Xi Jinping and his colleagues in Beijing still dream of global dominance, it must look further away than ever as China retreats from its own backyard. A recent report ...

It’s the worst-kept secret in our national capital—the Chinese Communist Party’s most advanced technology comes from U.S. designs. And Americans elected to protect and advance the national interest won’t do anything about it. In fact, both parties are happy to facilitate the CCP’s assaults on our system, even exposing kids to the Party’s top spy tool, TikTok—provided they get a ...

The U.S. electricity grid is critically dependent on extra-high-voltage transformers made in China, says Tommy Waller, President of the Center for Security Policy. An expert on the U.S. grid, Waller also stars in the documentary “Grid Down, Power Up.” What are the greatest problems facing America’s electrical grid? Why is the industry allowing these vulnerabilities to exist? And what happens ...

A senator is sounding the alarm about China’s fashion retailer Shein, alleging it is using forced labor in its clothing supply chains and is lobbying to dismiss the claim. “I write to make you aware of actions by Shein, an apparel company founded in China that profits from Uyghur slave labor. Shein is hiring D.C. lobbyists to protect the trade ...

Commentary The two facts about China most important to the interests of freedom in the world (one, if you will, the enemy to the other) are: 1) the Chinese Communist Party (CCP) is succeeding in its stated goal to become the dominant power on the globe by midcentury; and 2) another Tiananmen Square massacre, the 34th anniversary of which was last week, is ...

U.S. Sens. Marsha Blackburn (R-Tenn.) and Mark Warner (D-Va.) on June 8 introduced bipartisan legislation aimed at preventing foreign-produced drones from flying over American skies. Known as the “Stemming The Operation of Pernicious and Illicit (STOP Illicit) Drones Act,” the bill (pdf) would ban the Federal Aviation Administration (FAA) from buying or using drones produced in China as well as a ...

The United States is unaware of the scope of its investment fund in China that is funding possibly harmful Chinese military and civilian technologies, according to Derek Scissors, a senior fellow at the American Enterprise Institute. According to Scissors’s report titled “What to Do About American Investment in China,” almost $800 billion in U.S. investments poured into China from 2016 to ...

CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing. “Last month, Director Burns traveled to Beijing where he met with Chinese counterparts and emphasized the importance of maintaining open lines of communication in intelligence channels,” one of the officials told Reuters. News of ...

Commentary There have arisen lately two rather interesting and contending schools of thought concerning China’s future as a great power. One says that China has reached its peak and is already settling into a slow process of possibly irrevocable decline. The other school takes the opposite stance, arguing that China’s rise is continuing and has not yet reached its prime. ...

Two suspected Chinese agents were recently indicted for attempting to bribe a public official with tens of thousands of dollars in a scheme targeting the persecuted faith group Falun Gong in the United States. John Chen, a 70-year-old U.S. citizen born in China, and Lin Feng, a Chinese citizen aged 43, were trying to get a Falun Gong-run entity stripped ...

Commentary China’s tech startup and venture capital boom over the last decade has produced some household names while stoking concerns that it would one day surpass innovation out of Silicon Valley. But that momentum has waned recently. Various reasons have dampened international funding into Chinese tech startups, including pandemic restrictions, the communist authority’s crackdown on tech, macroeconomic reasons such as ...