Tag Archives: China

House Committee Investigates BlackRock’s China Investments Amid National Security Concerns

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House Committee Investigates BlackRock’s China Investments Amid National Security Concerns

The House Select Committee on the Chinese Communist Party has initiated an inquiry into BlackRock, the world’s largest asset manager, and index provider MSCI, over allegations of enabling U.S. investments in blacklisted Chinese companies. Concerns have risen regarding the unintentional funding of Chinese firms involved in military activities, posing potential national security risks. Continue reading →

China Is Quietly Offloading US Treasury Bonds: Big Trouble for Wall Street?

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China Is Quietly Offloading Us Treasury Bonds: Big Trouble for Wall Street?

According to Globaltimes, China has been quietly reducing its holdings of US bonds to the lowest level since 2010 and may do so again soon. This represents a significant change from prior years when China was purchasing US Treasury bonds, which could be problematic for the US debt markets for… Continue reading →

For the First Time Since 2010 China’s Holdings of U.S. Debt Fall Below $1 Trillion

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For the First Time Since 2010 China’s Holdings of U.S. Debt Fall Below $1 Trillion

For the first time in 12 years, China’s holdings of U.S. debt have fallen below $1 trillion due to rising interest rates that may have made Treasury bonds less appealing. According to Treasury Department data released on Monday, China’s portfolio of U.S. government debt decreased to $980.8 billion in May,… Continue reading →

Nation-State Hackers Are Making a “Sustained Effort” to Target Journalists

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Nation-State Hackers Are Making a “Sustained Effort” to Target Journalists

The cybersecurity company Proofpoint described the numerous campaigns it claims were run by state-sponsored and state-aligned hacking groups against media professionals in a blog post on Thursday. In order to gain access to information deemed valuable by foreign governments, the hacking groups, also known as advanced persistent threat (APT) actors,… Continue reading →

As the COVID Outbreak Worsens, Macau Shuts Down All Casinos

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As the COVID Outbreak Worsens, Macau Shuts Down All Casinos

A weeklong closure of Macau’s casinos and non-essential businesses was announced on Saturday as the Chinese gambling hub battled its worst coronavirus outbreak to date. According to top city official Andre Cheong, Macau will go into “static management” for a week starting on July 11 and residents are required to… Continue reading →

Korea Spends Heavily in the Chip War to Stay Ahead of China

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Korea Spends Heavily in the Chip War to Stay Ahead of China

According to the Asia Times, in Wonsam, Yongin County, 40 kilometers south of Seoul, residents expect seismic changes after a chip cluster groundbreaking this month. Change is afoot. South Korean media say the cluster’s land area makes it the largest semiconductor project ever. SK hynix, one of South Korea’s two… Continue reading →

In 2022, the US Dollar Maintains Its Dominance, While China’s Yuan Gains Share of Global Currency Reserves

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In 2022, the Us Dollar Maintains Its Dominance, While China’s Yuan Gains Share of Global Currency Reserves

According to new data released Thursday by the International Monetary Fund, the US dollar has maintained its dominance as the world’s most widely held reserve currency. The dollar’s share of total allocated reserves was 59 percent in the first quarter of 2022, unchanged from the fourth quarter and slightly lower… Continue reading →

All Roads Lead To a Great Recession

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All Roads Lead To a Great Recession

Despite encouraging headlines about China loosening its covid policies, US stocks fell sharply from earlier highs after bleak consumer confidence data poured cold water on the month-end relief rally. That is in the range it was printing in during the 2015/16 downturn. It’s a difficult market to navigate these days:… Continue reading →

Shanghai Residents Spoke Out About China’s Zero-COVID Policy on Wechat

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Shanghai Residents Spoke Out About China's Zero-COVID Policy on Wechat

A six-minute video posted on WeChat depicted Shanghai’s latest COVID lockdown. Government censors removed the viral video. Reposted, then removed. Repeatedly. “Because there’s no obvious, reliable voice of authority, we get news through rumors or WeChat,” a Shanghai resident who lived through the lockdown told BuzzFeed News. “It’s fake. It’s… Continue reading →