Thanks to new policies from the Trump administration aimed at cracking down at Beijing’s access to strategic US technologies, China has all but halted investments in US-based tech startups, according to Reuters. Venture funding out of China peaked last year at a record $3 billion according to the Rhodium Group, a New York economic research firm. […]
Bank of England Boss: China’s Renminbi Will Rival the Dollar as Global Reserve Currency…
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries […]
U.S., China Eye Higher-Level Talks After Discussing Tech Transfer…
U.S. and Chinese officials are working on arrangements for higher-level trade talks after mid-level officials this week discussed U.S. demands on issues that would require structural change in China to address such as intellectual property theft, forced technology transfers and other non-tariff barriers. People familiar with the three days of talks in Beijing said hopes […]
China Offered to Bail Out Troubled Malaysian Fund in Return for Deals…
Senior Chinese leaders offered in 2016 to help bail out a Malaysian government fund at the center of a swelling, multibillion-dollar graft scandal, according to minutes from a series of previously undisclosed meetings reviewed by The Wall Street Journal. Chinese officials told visiting Malaysians that China would use its influence to try to get the […]
China-Made Smartphone Weather App Stole Data from 10 Million Global Users…
TCL, a Chinese producer of consumer electronics, has been collecting data without permission from mobile phones that have downloaded its free weather forecast smartphone app. This app has been downloaded more than 10 million times by users around the world since it was released in December 2016. TCL is a listed company on the Hong […]
Chinese President Xi Jinping Gives Army Its First Order of 2019: Be Ready for Battle…
Chinese President Xi Jinping on Friday ordered the People’s Liberation Army to be ready for battle as the country faces unprecedented risks and challenges. Xi’s speech was made at a meeting of top officials from the Central Military Commission (CMC), which he heads, and broadcast later on national television. “All military units must correctly understand […]
Former NYT Editor Claims Publisher Drafted Letter “All but Apologizing” to China for Tough Story…
In her new book Merchants of Truth, former New York Times executive editor Jill Abramson claims that the news outlet’s publisher drafted a letter “all but apologizing” to the Chinese government for a tough investigative story about corruption in the country. The story went on to win a Pulitzer Prize. She claims that the publisher’s letter was drafted “with input […]
U.S., China Trade Talks To Start Next Week…
The United States and China will hold deputy-level trade discussions in Beijing for two days next week amid a trade war between the two countries that has rocked the international economy and thrown financial markets into disarray. Deputy U.S. Trade Representative Jeffery Gerrish will take a working team to the Chinese capital to carry out […]
Chinese Schools Monitor Students With “Smart Uniforms”…
Education facilities in China have rolled out “intelligent uniforms” embedded with microchips to better monitor students’ attendance and whereabouts, said the Global Times. Eleven schools in Southwest China’s Guizhou Province and Guangxi Zhuang Autonomous Region have introduced smart uniforms, which are developed and manufactured by Guizhou Guanyu Technology…
China’s Chang’e-4 Probe Soft-Lands on Moon’s Far Side…
China’s Chang’e-4 probe touched down on the far side of the moon Thursday, becoming the first spacecraft soft-landing on the moon’s uncharted side never visible from Earth. The probe, comprising a lander and a rover, landed at the preselected landing area at 177.6 degrees east longitude and 45.5 degrees south latitude on the…
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