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
#TheEpochTimes_China
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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https://www.theepochtimes.com/article/why-us-businesses-cant-wait-to-get-out-of-china-5509617
#TheEpochTimes_China
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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The Epoch Times
Why US Businesses Can’t Wait to Get Out of China
After fueling China’s growth for decades, American businesses are now pulling out, as its political and business landscapes shift.
Executive: TikTok Parent Company Has Access to User Data
https://www.theepochtimes.com/epochtv/executive-tiktok-parent-company-has-access-to-user-data-5513650
#TheEpochTimes_China
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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https://www.theepochtimes.com/epochtv/executive-tiktok-parent-company-has-access-to-user-data-5513650
#TheEpochTimes_China
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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EpochTV
Executive: TikTok Parent Company Has Access to User Data
A TikTok senior executive confirmed that the video sharing app’s Chinese parent company has access to user data.
Fijian PM Proposes Pacific ‘Peace Zone’ Amid Beijing Aggression
https://www.theepochtimes.com/world/fijian-pm-proposes-pacific-peace-zone-amid-beijing-aggression-5513137
#TheEpochTimes_China
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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https://www.theepochtimes.com/world/fijian-pm-proposes-pacific-peace-zone-amid-beijing-aggression-5513137
#TheEpochTimes_China
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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The Epoch Times
Fijian PM Proposes Pacific 'Peace Zone' Amid Beijing Aggression
Fijian Prime Minister says he's more comfortable dealing with traditional friends, like Australia, with similar styles of government and democracy.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/us/newsom-headed-to-israel-china-for-discussions-says-worlds-fate-at-stake-5513738
#TheEpochTimes_China
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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The Epoch Times
Newsom Headed to Israel, China for Discussions, Says ‘World’s Fate’ at Stake
“I’ll be meeting with those impacted by the horrific terrorist attacks and offering California’s support,” California Gov. Gavin Newsom wrote Oct. 19 on X.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/world/labor-government-decides-against-cancelling-99-year-lease-to-chinese-company-5468895
#TheEpochTimes_China
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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The Epoch Times
Labor Government Decides Against Cancelling 99-Year Port Lease to Chinese Company
The government has accepted advice from the defence and intelligence departments that any security risk can be managed.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/world/china-dumps-us-debt-as-japan-other-countries-bolster-treasury-securities-5513776
#TheEpochTimes_China
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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The Epoch Times
China Dumps US Debt as Japan, Other Countries Bolster Treasury Securities
China sold billions in U.S. Treasury securities and equities while many countries scooped up more American assets.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/opinion/not-tearing-up-beijings-99-year-lease-on-the-port-of-darwin-is-a-grave-mistake-5513835
#TheEpochTimes_China
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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The Epoch Times
Not Tearing Up Beijing's 99-Year Lease on Port of Darwin Is a Grave Mistake
The fact that this decision has been released in the weeks before the prime minister visits Beijing raises legitimate questions.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/world/labor-government-decides-against-cancelling-99-year-lease-to-chinese-company-5468895
#TheEpochTimes_China
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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The Epoch Times
Labor Government Decides Against Cancelling 99-Year Port Lease to Chinese Company
The government has accepted advice from the defence and intelligence departments that any security risk can be managed.
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
#TheEpochTimes_China
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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https://www.theepochtimes.com/world/china-dumps-us-debt-as-japan-other-countries-bolster-treasury-securities-5513776
#TheEpochTimes_China
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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The Epoch Times
China Dumps US Debt as Japan, Other Countries Bolster Treasury Securities
China sold billions in U.S. Treasury securities and equities while many countries scooped up more American assets.
Australian MPs Attend Taiwan Inauguration, Says Beijing Can’t Dictate Australia
https://www.theepochtimes.com/china/australian-mps-attend-taiwan-inauguration-says-beijing-cant-dictate-australia-5650977
#TheEpochTimes_China
A pending visit to Taiwan by five federal Members of Parliament to attend the presidential inauguration ceremony has angered Beijing.After recent elections, Taiwan has a new president-elect, Lai Ching-te, regarded by Beijing as a supporter of the island’s independence, who will be inaugurated next week.Coalition MPs Claire Chandler and Scott Buchholz intend to be at the ceremony, as do Labor MPs Raff Ciccone and Luke Gosling.The Chinese Communist Party reiterated its claim over Taiwan immediately after Mr. Lai was elected in January.The announcement of the four-day visit prompted the Chinese embassy in Canberra to warn Australia that Taiwan was “an inalienable part of China’s territory.”...
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https://www.theepochtimes.com/china/australian-mps-attend-taiwan-inauguration-says-beijing-cant-dictate-australia-5650977
#TheEpochTimes_China
A pending visit to Taiwan by five federal Members of Parliament to attend the presidential inauguration ceremony has angered Beijing.After recent elections, Taiwan has a new president-elect, Lai Ching-te, regarded by Beijing as a supporter of the island’s independence, who will be inaugurated next week.Coalition MPs Claire Chandler and Scott Buchholz intend to be at the ceremony, as do Labor MPs Raff Ciccone and Luke Gosling.The Chinese Communist Party reiterated its claim over Taiwan immediately after Mr. Lai was elected in January.The announcement of the four-day visit prompted the Chinese embassy in Canberra to warn Australia that Taiwan was “an inalienable part of China’s territory.”...
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The Epoch Times
Australian MPs Attend Taiwan Inauguration, Says Beijing Can’t Dictate Australia
DFAT rejected Beijing’s ‘incorrect assertions,’ saying the visit is consistent with Australia’s one China policy.
KP.2 COVID-19 Variant Mutating and Spreading in China
https://www.theepochtimes.com/article/kp-2-covid-19-variant-mutating-and-spreading-in-china-5651006
#TheEpochTimes_China
The ruling Chinese Communist Party’s (CCP) health authorities recently reported that KP.2, the dominant COVID-19 strain currently spreading around the world, has been mutating in China.Meanwhile, members of the Chinese public across the country revealed to the Chinese-language edition of The Epoch Times that local COVID-19 outbreak situations were serious and that authorities were still concealing information about COVID’s toll.On May 14, the Chinese regime’s Center for Disease Control and Prevention (CDC) issued a notice stating that the KP.2 variant was detected for the first time in local cases in Guangdong on March 11. According to the state, as of May 12, a total of 25 KP.2 sequences have been reported across China....
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https://www.theepochtimes.com/article/kp-2-covid-19-variant-mutating-and-spreading-in-china-5651006
#TheEpochTimes_China
The ruling Chinese Communist Party’s (CCP) health authorities recently reported that KP.2, the dominant COVID-19 strain currently spreading around the world, has been mutating in China.Meanwhile, members of the Chinese public across the country revealed to the Chinese-language edition of The Epoch Times that local COVID-19 outbreak situations were serious and that authorities were still concealing information about COVID’s toll.On May 14, the Chinese regime’s Center for Disease Control and Prevention (CDC) issued a notice stating that the KP.2 variant was detected for the first time in local cases in Guangdong on March 11. According to the state, as of May 12, a total of 25 KP.2 sequences have been reported across China....
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The Epoch Times
KP.2 COVID-19 Variant Mutating and Spreading in China
Members of the Chinese public continue to report more severe cases and sudden deaths in the country despite the regime’s cover-up.
Yield Curve Prediction Is Not Powerful on Timing
https://www.theepochtimes.com/opinion/yield-curve-prediction-is-not-powerful-on-timing-5648199
#TheEpochTimes_China
CommentaryLast year, we discussed the yield curve predictability of recession. From past experience, yield curve inversion would be followed by a recession in 1.5 to 2 years. However, there is no academic consensus on such timing. Likewise, there is no consensus about the accurate time needed for monetary policy to be effective. Economic theories or models give the mechanism, while exact duration is purely empirical. Academics tend to avoid this kind of issue because the variation is indeed considerable; they tend not to assert something they are not confident in.However, the issue is important. This is like central bankers, who must have an idea of how far ahead they are targeting in formulating policies, even though academics dare not announce an accurate time range....
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https://www.theepochtimes.com/opinion/yield-curve-prediction-is-not-powerful-on-timing-5648199
#TheEpochTimes_China
CommentaryLast year, we discussed the yield curve predictability of recession. From past experience, yield curve inversion would be followed by a recession in 1.5 to 2 years. However, there is no academic consensus on such timing. Likewise, there is no consensus about the accurate time needed for monetary policy to be effective. Economic theories or models give the mechanism, while exact duration is purely empirical. Academics tend to avoid this kind of issue because the variation is indeed considerable; they tend not to assert something they are not confident in.However, the issue is important. This is like central bankers, who must have an idea of how far ahead they are targeting in formulating policies, even though academics dare not announce an accurate time range....
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The Epoch Times
Yield Curve Prediction Is Not Powerful on Timing
GOP Lawmakers Propose Bill to Boost US Drone Industry, Hike Tariffs on Chinese Drones
https://www.theepochtimes.com/us/gop-lawmakers-propose-bill-to-boost-us-drone-industry-hike-tariffs-on-chinese-drones-5651150
#TheEpochTimes_China
Rep. Elise Stefanik (R-N.Y.) has introduced legislation to target Chinese drones, support American drone manufacturers, and strengthen U.S. national security.The legislation titled “Drones for First Responders (DFR) Act” will impose more tariffs on China-made drones and establish a grant program from tariff revenue to support first responders, critical infrastructure providers, farmers, and ranchers in buying secure domestic and allied-made drones.Ms. Stefanik said the bill will stop the Chinese Communist Party’s (CCP) influence in the United States “and increase the competitiveness of U.S. drone manufacturers by establishing a revenue neutral grant program to help Americans purchase drones securely made by the U.S. and our allies.”...
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https://www.theepochtimes.com/us/gop-lawmakers-propose-bill-to-boost-us-drone-industry-hike-tariffs-on-chinese-drones-5651150
#TheEpochTimes_China
Rep. Elise Stefanik (R-N.Y.) has introduced legislation to target Chinese drones, support American drone manufacturers, and strengthen U.S. national security.The legislation titled “Drones for First Responders (DFR) Act” will impose more tariffs on China-made drones and establish a grant program from tariff revenue to support first responders, critical infrastructure providers, farmers, and ranchers in buying secure domestic and allied-made drones.Ms. Stefanik said the bill will stop the Chinese Communist Party’s (CCP) influence in the United States “and increase the competitiveness of U.S. drone manufacturers by establishing a revenue neutral grant program to help Americans purchase drones securely made by the U.S. and our allies.”...
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The Epoch Times
GOP Lawmakers Propose Bill to Boost US Drone Industry, Hike Tariffs on Chinese Drones
‘The United States should not be reliant on Communist China for drones that are critical to our nation’s first responder operations,’ Rep. Rob Wittman said.
House Committee Advances Bill to Restrict Chinese Biotech Firms’ Access to US Market
https://www.theepochtimes.com/us/house-committee-advances-bill-to-restrict-chinese-biotech-firms-access-to-us-market-5651163
#TheEpochTimes_China
The House has advanced a bipartisan bill aimed at preventing U.S. taxpayer dollars from flowing to Chinese biotechnology firms that pose a national security threat.The BIOSECURE Act (H.R. 8333) was approved by the House Oversight Committee on May 15 by a 40-to-1 vote. The bill would ban federal agencies from contracting any Chinese “biotechnology company of concern,” including Beijing Genomics Institute (BGI), MGI, Complete Genomics, WuXi Apptec, and WuXi Biologics.Meanwhile, U.S. pharmaceutical and health care companies have until 2032 to cut their ties with these Chinese companies.“The House Oversight Committee just sent a powerful, bipartisan message to the Chinese Communist Party: the United States will not sit idly by while the CCP steals our genetic data and seeks to control our biotech supply chains,” said Reps. John Moolenaar (R-Mich.), Raja Krishnamoorthi (D-Ill.), and Brad Wenstrup (R-Ohio) in a joint statement....
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https://www.theepochtimes.com/us/house-committee-advances-bill-to-restrict-chinese-biotech-firms-access-to-us-market-5651163
#TheEpochTimes_China
The House has advanced a bipartisan bill aimed at preventing U.S. taxpayer dollars from flowing to Chinese biotechnology firms that pose a national security threat.The BIOSECURE Act (H.R. 8333) was approved by the House Oversight Committee on May 15 by a 40-to-1 vote. The bill would ban federal agencies from contracting any Chinese “biotechnology company of concern,” including Beijing Genomics Institute (BGI), MGI, Complete Genomics, WuXi Apptec, and WuXi Biologics.Meanwhile, U.S. pharmaceutical and health care companies have until 2032 to cut their ties with these Chinese companies.“The House Oversight Committee just sent a powerful, bipartisan message to the Chinese Communist Party: the United States will not sit idly by while the CCP steals our genetic data and seeks to control our biotech supply chains,” said Reps. John Moolenaar (R-Mich.), Raja Krishnamoorthi (D-Ill.), and Brad Wenstrup (R-Ohio) in a joint statement....
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The Epoch Times
House Committee Advances Bill to Restrict Chinese Biotech Firms’ Access to US Market
‘This bill is a necessary step towards protecting America’s sensitive healthcare data’ from the Chinese regime, says Rep. James Comer.
Chinese Zoo Panned for Dying Dogs to Resemble Pandas
https://www.theepochtimes.com/china/chinese-zoo-panned-for-dying-dogs-to-resemble-pandas-5651084
#TheEpochTimes_China
A Chinese Zoo has been accused of “false advertising” after displaying two dogs dyed black and white to look like pandas.The Taizhou Zoo in Eastern Jiangsu Province advertised a “panda dogs” meet-and-greet session as one of the activities to attract visitors. However, some visitors found the two four-legged animals in the display area much smaller than pandas.“The Panda Dog is not a specific purebred dog, but rather a pet dog that looks like a panda,” read the introduction beside the exhibit.“This designation is often used to describe dogs that are trimmed in a specific style or are born with a coat distribution similar to that of a panda. They are typically characterized by a white undercoat with black markings, especially around the eyes and ears, mimicking the facial features of the panda.”...
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https://www.theepochtimes.com/china/chinese-zoo-panned-for-dying-dogs-to-resemble-pandas-5651084
#TheEpochTimes_China
A Chinese Zoo has been accused of “false advertising” after displaying two dogs dyed black and white to look like pandas.The Taizhou Zoo in Eastern Jiangsu Province advertised a “panda dogs” meet-and-greet session as one of the activities to attract visitors. However, some visitors found the two four-legged animals in the display area much smaller than pandas.“The Panda Dog is not a specific purebred dog, but rather a pet dog that looks like a panda,” read the introduction beside the exhibit.“This designation is often used to describe dogs that are trimmed in a specific style or are born with a coat distribution similar to that of a panda. They are typically characterized by a white undercoat with black markings, especially around the eyes and ears, mimicking the facial features of the panda.”...
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The Epoch Times
Chinese Zoo Panned for Dying Dogs to Resemble Pandas
The two “panda dogs” named “small soup dumplings” and “small beancurd strips” were actually dyed by Chow Chow dogs, said a staff at the zoo.
Biden Raises Solar Import Tariffs, Targeting CCP’s ‘Unfair Trade Practices’
https://www.theepochtimes.com/china/biden-raises-solar-import-tariffs-targeting-ccps-unfair-trade-practices-5651201
#TheEpochTimes_China
As the Biden administration rolled out new sanctions against China’s communist regime for what it calls “unfair trade practices,” protections were also announced specifically for America’s growing solar industry.Those protections, announced on May 15, come as President Biden looks to promote his “Investing in America” agenda, continue the clean energy transition in the United States, and define his position towards the Chinese Communist Party (CCP) in the face of another election against former President Donald Trump.The protections include a crackdown on solar imports from Asia, improvements to current tax credits, and the allocation of millions of dollars in additional funding....
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https://www.theepochtimes.com/china/biden-raises-solar-import-tariffs-targeting-ccps-unfair-trade-practices-5651201
#TheEpochTimes_China
As the Biden administration rolled out new sanctions against China’s communist regime for what it calls “unfair trade practices,” protections were also announced specifically for America’s growing solar industry.Those protections, announced on May 15, come as President Biden looks to promote his “Investing in America” agenda, continue the clean energy transition in the United States, and define his position towards the Chinese Communist Party (CCP) in the face of another election against former President Donald Trump.The protections include a crackdown on solar imports from Asia, improvements to current tax credits, and the allocation of millions of dollars in additional funding....
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The Epoch Times
Biden Raises Solar Import Tariffs, Targeting CCP’s ‘Unfair Trade Practices’
The protections include a crackdown on solar imports from Asia and improvements to current tax credits.
Russia, China Reaffirm ‘No Limit’ Partnership During Putin’s Visit to Beijing
https://www.theepochtimes.com/china/russia-china-reaffirm-no-limit-partnership-during-putins-visit-to-beijing-5651193
#TheEpochTimes_China
Russian President Vladimir Putin met with Chinese communist leader Xi Jinping on May 16, reaffirming their “no limit” partnership amid increasing pressure from the United States and European Union.Mr. Putin arrived in Beijing on the morning of May 16, beginning a two-day state visit at the invitation of the Chinese Communist Party (CCP) leader.It’s Mr. Putin’s first overseas trip since he commenced a new six-year term as president earlier this month. The move extended Mr. Putin’s 24 years of rule and put him on track to become one of Russia’s longest-serving leaders.At the beginning of their meetings, Mr. Putin described Moscow’s cooperation with Beijing in global affairs as one of the “main stabilizing factors on the international stage.”...
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https://www.theepochtimes.com/china/russia-china-reaffirm-no-limit-partnership-during-putins-visit-to-beijing-5651193
#TheEpochTimes_China
Russian President Vladimir Putin met with Chinese communist leader Xi Jinping on May 16, reaffirming their “no limit” partnership amid increasing pressure from the United States and European Union.Mr. Putin arrived in Beijing on the morning of May 16, beginning a two-day state visit at the invitation of the Chinese Communist Party (CCP) leader.It’s Mr. Putin’s first overseas trip since he commenced a new six-year term as president earlier this month. The move extended Mr. Putin’s 24 years of rule and put him on track to become one of Russia’s longest-serving leaders.At the beginning of their meetings, Mr. Putin described Moscow’s cooperation with Beijing in global affairs as one of the “main stabilizing factors on the international stage.”...
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The Epoch Times
Russia, China Reaffirm ‘No Limit’ Partnership During Putin’s Visit to Beijing
The visit took place amid heightening concerns among Washington and Brussels over China’s role in aiding Russia to rebuild its defense industrial base.
House Homeland Committee’s Hearing on ‘The Unprecedented Surge in Chinese Illegal Immigration’
https://www.theepochtimes.com/epochtv/house-homeland-committees-hearing-on-the-unprecedented-surge-in-chinese-illegal-immigration-5651221
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The House Homeland Security Committee Subcommittee on Oversight, Investigations, and Accountability holds a hearing on “Security Risk: The Unprecedented Surge in Chinese Illegal Immigration” at 2:00 p.m. ET on May 16.Simon HankinsonSenior Research Fellow, Border Security and Immigration Center, The Heritage FoundationTodd BensmanNational Security Fellow, Center for Immigration StudiesCraig SingletonSenior Fellow, Foundation for Defense of DemocraciesMeredith Owen, Ph.D.Associate Professor, Department of History, University of Maryland, Baltimore County...
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https://www.theepochtimes.com/epochtv/house-homeland-committees-hearing-on-the-unprecedented-surge-in-chinese-illegal-immigration-5651221
#TheEpochTimes_China
The House Homeland Security Committee Subcommittee on Oversight, Investigations, and Accountability holds a hearing on “Security Risk: The Unprecedented Surge in Chinese Illegal Immigration” at 2:00 p.m. ET on May 16.Simon HankinsonSenior Research Fellow, Border Security and Immigration Center, The Heritage FoundationTodd BensmanNational Security Fellow, Center for Immigration StudiesCraig SingletonSenior Fellow, Foundation for Defense of DemocraciesMeredith Owen, Ph.D.Associate Professor, Department of History, University of Maryland, Baltimore County...
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EpochTV
House Homeland Committee’s Hearing on ‘The Unprecedented Surge in Chinese Illegal Immigration’
The House Homeland Security Committee Subcommittee on Oversight, Investigations, and Accountability holds a hearing on “Security Risk: The Unprecedented Su...
Sen. Cruz Calls for DOJ, FBI to Investigate Whether Foreign Adversaries Are Behind Gaza War Protests in US
https://www.theepochtimes.com/world/sen-cruz-calls-for-doj-fbi-to-investigate-whether-foreign-adversaries-are-behind-gaza-war-protests-in-us-5651426
#TheEpochTimes_China
Sen. Ted Cruz (R-Texas) has called for U.S. federal authorities to investigate whether foreign actors are promoting contentions within the United States, including recent protests over the war in Gaza taking place on U.S. college campuses and other venues around the country.During a Wednesday, May 15 episode of his personal podcast “The Verdict,” Mr. Cruz noted a recent report by the Network Contagion Research Institute (NCRI) alleging connections between the the “Shut It Down for Palestine” (SID4P) movement and the Chinese Communist Party (CCP).The NCRI report specifically alleges that convenor organizations that formed the SID4P protest movement, People’s Forum, the International People’s Assembly, and ANSWER Coalition, “serve as the conduit through which CCP-affiliated entities have effectively co-opted pro-Palestinian activism in the U.S., advancing a broader anti-American, anti-democratic, and anti-capitalist agenda.”...
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https://www.theepochtimes.com/world/sen-cruz-calls-for-doj-fbi-to-investigate-whether-foreign-adversaries-are-behind-gaza-war-protests-in-us-5651426
#TheEpochTimes_China
Sen. Ted Cruz (R-Texas) has called for U.S. federal authorities to investigate whether foreign actors are promoting contentions within the United States, including recent protests over the war in Gaza taking place on U.S. college campuses and other venues around the country.During a Wednesday, May 15 episode of his personal podcast “The Verdict,” Mr. Cruz noted a recent report by the Network Contagion Research Institute (NCRI) alleging connections between the the “Shut It Down for Palestine” (SID4P) movement and the Chinese Communist Party (CCP).The NCRI report specifically alleges that convenor organizations that formed the SID4P protest movement, People’s Forum, the International People’s Assembly, and ANSWER Coalition, “serve as the conduit through which CCP-affiliated entities have effectively co-opted pro-Palestinian activism in the U.S., advancing a broader anti-American, anti-democratic, and anti-capitalist agenda.”...
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The Epoch Times
Sen. Cruz Calls for DOJ, FBI to Investigate Whether Foreign Adversaries Are Behind Gaza War Protests in US
Failure to Probe Chinese Cotton Imports ‘Would Lead to a Marketplace in Criminal Property,’ Court Is Told
https://www.theepochtimes.com/world/failure-to-probe-chinese-cotton-imports-would-lead-to-a-marketplace-in-criminal-property-court-is-told-5651417
#TheEpochTimes_China
Failure to investigate cotton imports with suspected links to Uyghur forced labour would lead to “a marketplace in criminal property,” the Court of Appeal has heard.In a two-day hearing on Wednesday and Thursday, lawyers representing human rights groups argued that the National Crime Agency (NCA) had based its decision not to investigate Chinese cotton imports on “legal errors.”The appeal came after the High Court in January rejected a claim brought by the World Uyghur Congress (WUC) that said the Home Secretary, HMRC, and the NCA had unlawfully failed to investigate cotton imports from China’s Xinjiang region using the Foreign Prison-Made Goods Act 1897 and the Proceeds of Crime Act 2002....
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https://www.theepochtimes.com/world/failure-to-probe-chinese-cotton-imports-would-lead-to-a-marketplace-in-criminal-property-court-is-told-5651417
#TheEpochTimes_China
Failure to investigate cotton imports with suspected links to Uyghur forced labour would lead to “a marketplace in criminal property,” the Court of Appeal has heard.In a two-day hearing on Wednesday and Thursday, lawyers representing human rights groups argued that the National Crime Agency (NCA) had based its decision not to investigate Chinese cotton imports on “legal errors.”The appeal came after the High Court in January rejected a claim brought by the World Uyghur Congress (WUC) that said the Home Secretary, HMRC, and the NCA had unlawfully failed to investigate cotton imports from China’s Xinjiang region using the Foreign Prison-Made Goods Act 1897 and the Proceeds of Crime Act 2002....
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The Epoch Times
Failure to Probe Chinese Cotton Imports ‘Would Lead to a Marketplace in Criminal Property,’ Court Is Told
Lawyers argued that the High Court’s dismissal of a Uyghur group’s claim would have a ’very chilling effect upon investigators.’