U.S. regulators on Thursday killed the politically sensitive sale of the Chicago Stock Exchange (CHX) to a group led by China-based investors, saying a lack of information on the would-be buyers threatened the ability to properly monitor the exchange after the deal. The move by the Securities and Exchange Commission (SEC) ends a two-year battle […]
Six U.S. Intelligence Agencies Warn Against Using Huawei Phones…
“We’re deeply concerned about the risks of allowing any company or entity that is beholden to foreign governments that don’t share our values to gain positions of power inside our telecommunications networks. That provides the capacity to exert pressure or control over our telecommunications infrastructure. It provides the capacity to maliciously modify or steal information. […]
FBI Director Wray Says the Whole of Chinese Society Is a Threat to the U.S….
FBI Director Christopher Wray reiterated a commonly held view on Tuesday that China is seeking to become a global superpower through unconventional means — but he framed the threat China poses to the US as not just a governmental one, but a societal one. Speaking before the Senate Intelligence Committee alongside the heads of other […]
Former CIA Officer Arrested for Retaining Classified Information…
Jerry Chun Shing Lee, aka Zhen Cheng Li, 53, a former Central Intelligence Agency (CIA) officer, was arrested last night on charges of unlawful retention of national defense information. Dana J. Boente, Acting Assistant Attorney General for National Security and U.S. Attorney for the Eastern District of Virginia, and Andrew W. Vale, Assistant Director in […]
Suspected of Compromising Chinese Informants…
Beijing Wants to Kick Bitcoin Out of China…
Chinese authorities are reportedly aiming to completely ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. According to an internal memo from a government meeting seen by Reuters, Beijing will continue to apply pressure to the virtual currency trade and prevent the growth of risks in that market. […]
China Reports Biggest-Ever Annual Trade Surplus With U.S….
China reported its largest-ever annual trade surplus with the U.S. last year while its overall imbalance with the world shrank, potentially strengthening the Trump administration’s case for tougher penalties and other trade actions against Beijing. A global recovery led by the U.S. provided a shot in the arm for Chinese exporters last year, boosting China’s […]
China Weighs Slowing or Halting Purchases of U.S. Treasuries…
China added to bond investors’ jitters on Wednesday as traders braced for what they feared could be the end of a three-decade bull market. Senior government officials in Beijing reviewing the nation’s foreign-exchange holdings have recommended slowing or halting purchases of U.S. Treasuries, according to people familiar with the matter. The news comes as global […]
Chinese Military Heads to North Korea Border…
People’s Liberation Army (PLA) forces are said to have been moving by night towards China’s river border with the North. And Chinese commanders are reported to have recently conducted the so-called “war ceremony” – urging their troops to be ready to fight. Columns of PLA trucks have been pictured on the move near Yanji City […]
China Offers Tax Incentives to Persuade U.S. Companies to Stay…
China said on Thursday that it would temporarily exempt foreign companies from paying tax on their earnings, a bid to keep American businesses from taking their profits out of China following Washington’s overhaul of the United States tax code. There is, however, a catch: To be eligible, foreign companies must invest those earnings in sectors […]
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