What Follows Country Garden’s Dollar Bond Default?

https://www.theepochtimes.com/china/what-follows-country-gardens-dollar-bond-default-5513424

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News AnalysisCountry Garden (Cogard), once regarded as one of China’s most reliable property developers, missed the payment deadline on its dollar bond interest on Wednesday.The failure to deliver a $15.4 million coupon payment on an outstanding dollar bond resulted in cross defaults across Country Garden’s other bonds. Bondholders have been organizing discussions to urgently address the situation with the company, leaving stakeholders wondering what lies ahead.This failure could set off a chain reaction of defaults on Country Garden’s other overseas liabilities. According to official estimates, the company had over $15.2 billion in outstanding international debts and loans at the end of June. It is one of dozens of other Chinese property firms, including Evergrande, wobbling to stay afloat as its cash crunch worsens daily....

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Geopolitical Strategist Breaks Down Israel–Hamas War’s Impacts on Iran, Russia, and China

https://www.theepochtimes.com/world/geopolitical-strategist-breaks-down-israel-hamas-wars-impacts-on-iran-russia-and-china-5513638

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While the ongoing fighting between Israel and Hamas is part of a longstanding conflict between the Israeli and Palestinian people, foreign policy analyst Thomas F. Lynch III believes this latest episode in the conflict comes at a unique time for Iranian, Russian, and Chinese interests in the region and could sharply impact their broader Middle East ambitions.A 28-year U.S. Army veteran, Mr. Lynch served in a variety of command and staff positions as an armor and cavalry officer and as a uniformed politico-military analyst for the U.S. military’s Joint Chiefs of Staff. He now works as a distinguished research fellow for the Center for Strategic Research at the National Defense University (NDU) in Washington....

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Why US Businesses Can’t Wait to Get Out of China

https://www.theepochtimes.com/article/why-us-businesses-cant-wait-to-get-out-of-china-5509617

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Foreign investments are leaving China.Half of the $250 billion to $300 billion foreign bond investments since 2019 have exited, and U.S. private equity and venture capital investments in China have fallen by more than 50 percent, according to a JP Morgan report last month.Foreign direct investment into China in the second quarter of this year reached a 25-year low at $4.9 billion, with a year-on-year decline of 87 percent, according to Chinese official data.Bloomberg and fDi Markets data on new investment projects—a more telling indicator of whether foreign firms are still investing in the country—show a 40 percent drop, to $74 billion in 2020 from $120 billion in 2019, and an additional 45 percent decline to $41 billion in 2022—the lowest since 2010....

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Executive: TikTok Parent Company Has Access to User Data

https://www.theepochtimes.com/epochtv/executive-tiktok-parent-company-has-access-to-user-data-5513650

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A senior TikTok executive makes a confession.Two high-stake trips were made to China by two important Americans: Apple’s CEO and California’s governor. We take a look at the messages they brought with them.New U.S. sanctions have been placed on “secret” Hamas financiers as Washington backs Israel’s war against the terrorist group. Who’s on the list?Chinese leader Xi Jinping breaks his silence on the war in Israel, saying he wants it to end as soon as possible.Topics in this episode:Exec: TikTok Parent Company Has Access to User DataU.S. Sanctions Network for Iran’s Weapons ProgramsChina: Willing to Work with Egypt on Israel ConflictSequoia Faces Scrutiny Over China InvestmentsApple CEO Visits China Amid Rising ChallengesCA Governor Newsom to Visit China Next WeekJapan Demands China Release Arrested NationalS. Korea, Japan, U.S. to Hold First Aerial DrillBeijing Rule to Make Influencers Expose Real NamesChina Home Prices Drop at Fastest Pace in Months: DataLetter Urges Release of Falun Gong PractitionerJapan Welcomes Australian Defense Minister‘Warfare Without Rules’: Lee on CCP’s Manipulation of Narratives on Israel-Hamas WarViews expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times....

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Fijian PM Proposes Pacific ‘Peace Zone’ Amid Beijing Aggression

https://www.theepochtimes.com/world/fijian-pm-proposes-pacific-peace-zone-amid-beijing-aggression-5513137

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Fijian Prime Minister Sitiveni Rabuka has expressed a preference for continuing strong ties with long-standing allies like Australia, during a Oct. 18 visit to Canberra with Australian leader Anthony Albanese.The Fijian prime minister said he was “more comfortable dealing with traditional friends” that had a similar system of government and Westminster-inspired democracy amid ongoing competition in the region between the United States and Beijing.His comments come as the Chinese Communist Party (CCP) continues asserting its influence in the region.Pacific ‘Peace Zone’ PlanDuring a speech to the Lowy Institute in Sydney on Oct. 17, Mr. Rabuka advocated for the establishment of a “peace zone” in the Pacific....

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Newsom Headed to Israel, China for Discussions, Says ‘World’s Fate’ at Stake

https://www.theepochtimes.com/us/newsom-headed-to-israel-china-for-discussions-says-worlds-fate-at-stake-5513738

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California Gov. Gavin Newsom is “on the way” to Israel for discussions with locals and officials following recent incidents in the Middle East.“I’ll be meeting with those impacted by the horrific terrorist attacks and offering California’s support,” Mr. Newsom wrote Oct. 19 on X, formerly known as Twitter.Mr. Newsom’s office declined to comment, and other than the social media post, no official statement or press release was issued regarding the surprise trip.It is unclear how long the governor will be in the Middle East or if he will return to California before traveling to China for a week-long trip, where he is scheduled to lead a delegation starting Oct. 23....

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Labor Government Decides Against Cancelling 99-Year Port Lease to Chinese Company

https://www.theepochtimes.com/world/labor-government-decides-against-cancelling-99-year-lease-to-chinese-company-5468895

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The Australian Labor government has decided to not overturn a contentious 99-year lease held by Chinese company Landbridge over the Port of Darwin.The decision comes after a review by the Department of the Prime Minister and Cabinet, which said there were sufficient security measures to manage and protect the infrastructure.“The review found that there is a robust regulatory system in place to manage risks to critical infrastructure, including the Port of Darwin; existing monitoring mechanisms are sufficient and will be ongoing; and as a result, it was not necessary to vary or cancel the lease,” the Department said in a statement on Oct. 20....

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China Dumps US Debt as Japan, Other Countries Bolster Treasury Securities

https://www.theepochtimes.com/world/china-dumps-us-debt-as-japan-other-countries-bolster-treasury-securities-5513776

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In August, foreign holdings of U.S. Treasury securities rose for the third consecutive month to their highest level since December 2021, according to new data from the Treasury Department. But China captured the attention as it continued dumping U.S. assets by vast amounts.Total holdings of U.S. debt increased nearly 3 percent year-over-year to $7.707 trillion. This was also up from July’s total of $7.655 trillion.China reduced its holdings by more than $16 billion to $805.4 billion, down approximately 15 percent from the same time a year ago and the lowest since 2009. Chinese investors also offloaded about $5.1 billion in U.S. stocks in August, the highest on record....

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Not Tearing up Beijing’s 99-year Lease on the Port of Darwin Is a Grave Mistake

https://www.theepochtimes.com/opinion/not-tearing-up-beijings-99-year-lease-on-the-port-of-darwin-is-a-grave-mistake-5513835

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CommentaryThe decision by the Australian government not to cancel the 99-year lease of the Port of Darwin to a Chinese company is a worrying development.The Port of Darwin was leased to Landbridge Group by the Northern Territory Country Liberal government in 2015. The lease was priced at $506 million (US$320 million).The awarding of the contract to Landbridge came just a few years after the United States posted the first of an ongoing rotation of U.S. marines in Darwin. The U.S. presence in the Northern Territory has increased since then.The Northern Territory, Darwin in particular, is a critical element in Australia’s defence....

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Labor Government Decides Against Cancelling 99-Year Port Lease to Chinese Company

https://www.theepochtimes.com/world/labor-government-decides-against-cancelling-99-year-lease-to-chinese-company-5468895

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The Australian Labor government has decided to not overturn a contentious 99-year lease held by Chinese company Landbridge over the Port of Darwin.The decision comes after a review by the Department of the Prime Minister and Cabinet, which said there were sufficient security measures to manage and protect the infrastructure.“The review found that there is a robust regulatory system in place to manage risks to critical infrastructure, including the Port of Darwin; existing monitoring mechanisms are sufficient and will be ongoing; and as a result, it was not necessary to vary or cancel the lease,” the Department said in a statement on Oct. 20....

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China Dumps US Debt as Japan, Other Countries Bolster Treasury Securities

https://www.theepochtimes.com/world/china-dumps-us-debt-as-japan-other-countries-bolster-treasury-securities-5513776

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In August, foreign holdings of U.S. Treasury securities rose for the third consecutive month to their highest level since December 2021, according to new data from the Treasury Department. But China captured the attention as it continued dumping U.S. assets by vast amounts.Total holdings of U.S. debt increased nearly 3 percent year-over-year to $7.707 trillion. This was also up from July’s total of $7.655 trillion.China reduced its holdings by more than $16 billion to $805.4 billion, down approximately 15 percent from the same time a year ago and the lowest since 2009. Chinese investors also offloaded about $5.1 billion in U.S. stocks in August, the highest on record....

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Lawmaker, Scholars Call for Accountability Over CCP Propaganda Books Used by US Universities

https://www.theepochtimes.com/china/lawmaker-scholars-call-for-accountability-over-ccp-propaganda-books-used-by-us-universities-5735058

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An American lawmaker and scholars have called for increased transparency and accountability regarding Chinese language textbooks used in U.S. colleges, following the exposure of a popular textbook containing propaganda from the Chinese communist regime.Cynthia Sun, a researcher at the Falun Dafa Information Center who has extensively studied Chinese state-funded Confucius Institutes in Western universities and the Chinese Communist Party’s (CCP’s) transnational repression campaign, recently identified that “Discussing Everything Chinese,” a textbook used in Chinese language classes at many universities across the United States, contains CCP propaganda against Falun Gong practitioners. Falun Gong, also known as Falun Dafa, was introduced to the public in 1992 by Li Hongzhi. It’s a traditional meditation practice rooted in Buddhist traditions, following the principles of truth, compassion, and forbearance. Due to its effectiveness in improving physical and mental health, it spread rapidly across China. There were 70 million to 100 million practitioners in China by the end of the decade, according to estimates at the time....

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Two Chinese Men Sentenced for Defrauding Apple in $2.5 Million iPhone Scheme

https://www.theepochtimes.com/us/two-chinese-men-sentenced-for-defrauding-apple-in-2-5-million-iphone-scheme-5735135

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Two Chinese nationals living in Maryland have been sentenced for defrauding Apple out of millions of dollars worth of iPhones, the U.S. Department of Justice (DOJ) announced on Thursday.Sun Haotian, 34, of Baltimore, was sentenced to 57 months in prison and three years of supervised release. He was ordered to pay Apple over $1.07 million in restitution and a forfeiture money judgment of $53,610.Xue Pengfei, 34, of Germantown, was sentenced to 54 months in prison and three years of supervised release. He was ordered to pay $397,800 in restitution to Apple and a forfeiture money judgment of $19,890.According to court documents, the men and their co-conspirators devised a scheme to exploit Apple’s one-year warranty policy for new phones....

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Vietnam, Philippines Protest Chinese Assault in South China Sea

https://www.theepochtimes.com/world/vietnam-philippines-protest-chinese-assault-in-south-china-sea-5735367

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The Vietnamese government on Oct. 2 reported that Chinese law enforcement officers had beaten and taken fishing equipment from a Vietnamese fisherman on a boat operating near the Paracel Islands three days prior on Sept. 29.Vietnam lodged a protest with the Chinese communist regime, and on Oct. 4 the Philippine government issued a statement condemning the Chinese enforcers’ “unjustified assault” on Vietnamese fishermen.The Paracel Islands are a small archipelago, near equidistant off the coasts of Vietnam and Hainan, China. Both countries claim the territory as their own, as the Chinese Communist Party (CCP) claims all of the South China Sea as its territory, a claim the international Permanent Court of Arbitration in the Hague has rejected as legally meritless....

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Lawmaker Urges US College to Cut Ties With China; Texas Sues TikTok

https://www.theepochtimes.com/epochtv/lawmaker-urges-us-college-to-cut-ties-with-china-texas-sues-tiktok-5735659

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The chair of a House committee is calling on U.S. higher education to shut down partnership with Chinese universities, after a growing number of Chinese espionage cases were brought to light.Top U.S. officials lay out their biggest concern: election interference from China, Russia, and Iran.Texas is taking TikTok to court. Why does it say the Chinese-owned app violated the privacy rights of American children?And, the European Commission confirms it has enough votes to impose higher tariffs on Chinese-made electric cars after a vote. What does it mean for the bloc and its high-stakes trade relations with Beijing?...

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RCMP Dropped Chinese Money-Laundering Probe Due to Limited Impact, Resources

https://www.theepochtimes.com/world/rcmp-dropped-chinese-money-laundering-probe-due-to-limited-impact-resources-5735238

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An investigation into China-linked foreign interference and money laundering operation was dropped due to concerns it would have little impact, highlighting broader issues of resource limitations within law enforcement, a senior RCMP official says.RCMP Deputy Commissioner Mark Flynn was made aware of a “money laundering network connected to organized crime and [People’s Republic of China foreign interference] activity,” according to a summary of his closed-door testimony at the Foreign Interference Inquiry released this week.Flynn, who oversees federal policing, testified that he “queried what impact a successful financial crime investigation would have on the larger problem.”“Because multiple backup networks could be used for money laundering activities, it was felt that a successful financial crime investigation would have no significant impact,” the summary stated....

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The Red Guard Spirit Still Haunts China and Its Current Leadership

https://www.theepochtimes.com/china/the-red-guard-spirit-still-haunts-china-and-its-current-leadership-5735386

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News AnalysisThe most famous Red Guard during China’s Cultural Revolution, a decade of violence and chaos from the mid-1960s to 1970s, died last month at the age of 77.However, experts told The Epoch Times that the spirit of Cultural Resolution is far from dead in China.Members of the current Chinese communist leadership received high school and college education during that period and still bear the Red Guard marks shown in their policies and behaviors, experts said, such as the infamous “wolf warrior” diplomacy and the relentless pursuit of unifying Taiwan with force.Shi Shan, a China expert and contributor to The Epoch Times, said these behaviors continue the Cultural Revolutionary tradition of aggression without compromise....

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Two Men, Including Ex-parliamentary Researcher, Deny Spying for China

https://www.theepochtimes.com/world/two-men-including-ex-parliamentary-researcher-deny-spying-for-china-5724902

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Christopher Cash, 29, from Whitechapel, east London, and Christopher Berry, 32, of Witney in Oxfordshire, both denied the offence of spying under the Official Secrets Act at the Old Bailey on Friday.Cash worked as a parliamentary researcher and was closely linked to senior Tories including Conservative leadership candidate Tom Tugendhat.The charge alleges that between Dec. 28, 2021, and Feb. 3, 2023, they “for a purpose prejudicial to the safety or interests of the State, obtained, collected, recorded, published or communicated to any other person articles, notes, documents or information which were calculated to be, might be, or were intended to be, directly or indirectly, useful to an enemy.”...

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Truss Warns West Is Too Soft on Beijing, Calls for ‘Economic NATO’

https://www.theepochtimes.com/world/truss-warns-west-is-too-soft-on-beijing-calls-for-economic-nato-5735839

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BRISBANE, Australia—Former UK Prime Minister Liz Truss has warned democratic governments have been far too soft on the Chinese Communist Party, which she says is “actively seeking to undermine” overseas societies.Truss made the comments to The Epoch Times in an exclusive interview on the sidelines of the Conservative Political Action Conference in Brisbane, Australia, on Oct. 5.The former British leader said the most effective way to challenge the Chinese Communist Party (CCP) is in the economic realm.“I’ve called for the idea of an ‘economic NATO,’ where countries like the U.S., the UK, and Australia work together to have a common economic policy towards China, to stop China undermining our industry, to stop exporting any technology that could be used against us. I think we need to get much tougher,” the former leader said....

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‘State Organs’ Film Exposes Forced Organ Harvesting in China

https://www.theepochtimes.com/china/state-organs-film-exposes-forced-organ-harvesting-in-china-5735859

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On Oct. 3, dozens gathered at Lewes Public Library in Lewes, Delaware, for the screening of “State Organs,” a documentary exposing one of the darkest human rights abuses of our time—forced organ harvesting in China.The screening, co-sponsored by advocacy groups including Doctors Against Forced Organ Harvesting (DAFOH) and Delaware Medical Freedom Alliance (DMFA), also featured a panel discussion with experts and Cheng Peiming, the first known survivor of forced organ harvesting.The 76-minute documentary, produced by Peabody Award-winner Raymond Zhang and scored by Emmy Award-winning composer Daryl Bennett, follows the haunting search of two families for their missing loved ones in China, revealing evidence of state-sanctioned forced organ harvesting....

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