China
Agency Of Ex-Intel Officers Behind Hunter Biden Letter Advising VC Large Pouring Hundreds of thousands Into China
Funding agency Sequoia Capital just lately employed Beacon World Methods, a agency led by former intelligence officers behind the notorious Hunter Biden laptop computer letter, to advise it on the right way to function in China because the enterprise capital big spends thousands and thousands funding the nation’s expertise sector, in accordance with The Info. […]
A person in China kidnapped his personal granddaughter for a $72,000 ransom so he might proceed playing: report
A 65-year-old man has been charged with extortion after kidnapping his granddaughter for ransom. He sought $72,000 from his daughter and son-in-law to repay his playing debt, per native media studies. The person, identified solely as Yuan, argued that the kidnapping ought to solely be thought of a household dispute. Loading One thing is loading. […]
‘Disastrous’: Janet Yellen Warns In opposition to Economically Decoupling From China
America has no want to economically decouple from China as it could have catastrophic penalties, Treasury Secretary Janet Yellen mentioned in a Thursday speech at Johns Hopkins College’s College of Superior Worldwide Research. China has just lately moved towards a extra government-guided economic system that has unfairly broken international locations across the globe; nonetheless, the […]
China Dominates EV Market As Biden Pushes To Section Out Combustion Engine
Chinese language electrical automobile (EV) makers proceed to develop sooner than their European and U.S. opponents in 2023, even because the Biden administration pushes guidelines that might ultimately finish the sale of gas-powered automobiles, in keeping with Semafor. Chinese language electrical automobile titan BYD has launched its automobiles in Germany this yr, whereas Chinese language […]
Elon Musk’s Tesla Doubles Down On China Funding
Tesla is growing a plant in Shanghai to fabricate its Megapack battery as tensions develop between the U.S. and China, the corporate and its CEO Elon Musk introduced on Twitter Sunday. This enlargement is going on as tensions between Washington, D.C. are rising and China experiences financial unpredictability, in response to The Wall Avenue Journal. […]
‘More and more Below Siege’: How Interventionist Overseas Coverage And A Rising China Threaten The Greenback’s Dominance
Latest strikes by the U.S. and overseas actors are more and more calling into query the greenback’s long-term standing because the world’s reserve forex, one thing that might scale back America’s affect on the worldwide stage, economists informed the Day by day Caller Information Basis. China has been taking steps to extend the worth of […]
American Traders Are Bankrolling China In The AI Arms Race: REPORT
U.S. institutional buyers, together with endowments, are not directly financing Chinese language synthetic intelligence (AI) startups which can be striving to turn into China’s variations of OpenAI, The Info reported. Chinese language enterprise capital (VC) corporations together with Sequoia Capital China, Matrix Companions China, Qiming Enterprise Companions, and Hillhouse Capital Administration, backed by U.S buyers, […]
TikTok Acknowledges Sure US Information Saved In China, Defends Earlier Claims
Widespread brief video platform TikTok has admitted to U.S. lawmakers that delicate knowledge from some Individuals is saved in China, in keeping with a letter the corporate despatched on Friday. Whereas TikTok acknowledged that American creator knowledge is saved in China, it defended earlier statements that claimed the corporate doesn’t retailer “protected person knowledge” exterior […]
REPORT: Lawmakers To Foyer Automaker CEOs To Lower Reliance On China After Blinken Visits Beijing
Lawmakers are gathering to foyer massive American automakers to chop their dependence on Chinese language auto elements following Secretary of State Antony Blinken’s go to to Beijing on Monday, in keeping with a report by Reuters. The Home of Representatives plans to ship 4 members to enchantment to CEOs of Ford, Common Motors, and a […]
CEO Of One Of America’s Largest Protection Contractors Says It’s ‘Not possible’ To Cease Relying On China
The top of a serious U.S. protection contractor stated his firm is simply too depending on Chinese language producers to ever break off all enterprise ties regardless of growing nationwide safety issues about Chinese language financial dominance, in accordance with the Monetary Occasions. Western producers can “de-risk” China-based operations, Greg Hayes, chief government officer of […]