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. […]
Beijing Wants to Kick Bitcoin Out of China…
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 […]
US Spy Satellite Captures Chinese Ships Illegally Selling Oil to North Korea…
It has long been known that China has helped North Korea evade international sanctions while professing faithful compliance with United Nations resolutions. Now, U.S. spy satellites reportedly captured photos of Chinese ships illegally selling oil to North Korean boats on dozens of occasions. China has again professed innocence. The Chosun Ilbo reported that the photos […]
Palestine Sends Delegates to China and Russia to Urge Greater Role in Peace Talks…
Palestinian President Mahmoud Abbas has sent delegations to China and Russia to ask them to take a more significant role in the peace process with Israel, an official said on Tuesday. The lobbying efforts come after Abbas said the US should no longer mediate talks in the wake of US President Donald Trump’s controversial recognition […]
Trump’s National Security Strategy Boldly Reasserts American Leadership…
In the Obama White House, the mantra of “leading from behind” was so deeply embedded that America’s allies were often left confused and disoriented when it came to U.S. foreign policy. President Barack Obama’s 2015 national security strategy was a curious mishmash of lofty idealism and outreach to dictatorial regimes such as Iran and Cuba, […]
Watch President Trump Deliver Remarks on the National Security Strategy…
President Trump has released his first national security strategy, a document that envisions confrontations with “revisionist” powers like Russia and China that are working against U.S. interests…
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