Tag Archives: China

Trump tries to revive dead “intellectual property” parrot with threat of China fine

Source: The Epoch Times

“President Donald Trump said on Wednesday the United States was considering a big ‘fine’ as part of a probe into China‘s alleged theft [sic] of intellectual property [sic], the clearest indication yet that his administration will take retaliatory trade action against China. In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced U.S. companies to transfer their intellectual property [sic] to China as a cost of doing business there. … While Trump did not specify what he meant by a ‘fine’ against China, the 1974 trade law that authorized an investigation into China‘s alleged theft [sic] of U.S. intellectual property [sic] allows him to impose retaliatory tariffs on Chinese goods or other trade sanctions until China changes its policies.” (01/18/18)


Why is the US spying on China?

Source: Future of Freedom Foundation
by Jacob G Hornberger

“The federal government’s arrest of former CIA agent Jerry Chun Shing Lee for allegedly spying for China confirms, once again, that for the U.S. national-security branch of the federal government, the Cold War never ended. Yesterday, the New York Times reported that Lee is suspected of having revealed the existence to Chinese authorities of Chinese citizens who were serving as spies for the U.S. national-security establishment. Those Chinese citizens, not surprisingly, were subsequently executed by Chinese officials for serving as spies for the U.S. government. Wait a minute! Forgive me for asking a question that it doesn’t even occur to the mainstream media to ask: What in the world is the U.S. government doing spying on China?” (01/16/18)


Former CIA agent arrested, accused of outing US spies in China

Source: Newsweek

“A former CIA officer was arrested at a New York airport after authorities found two highly classified notebooks that contained information on undercover U.S. spies, the Department of Justice said yesterday. Jerry Chun Shing Lee, 53, a naturalized U.S. citizen who now lives in Hong Kong, was detained at JFK airport and charged with unlawful retention of national defense information on Monday. … Sources close to the case have said that Lee leaked the information to China and as a result, around 20 undercover U.S. agents have been killed or captured, NBC news reported.” (01/17/18)


Chinese scientists unveil plan to zap space junk with orbital lasers

Source: Engadget

“There have been more than a few proposals for eliminating space junk, such as grabbing it, gobbling it and blasting it from Earth. The latest idea, however, may be the most dramatic … and the most effective. Chinese researchers have successfully simulated an orbital laser station that would zap small debris (under 4 inches long). The system would zap targets with 20 bursts of light per second for 2 minutes, either deflecting the junk out of harm’s way or sending it to a fiery end in the atmosphere.” (01/16/18)


China: Regime escalates crackdown on cryptocurrency trading

Source: Bloomberg

“China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms.” (01/15/18)


Ask Huawei about the “coming” US-China trade war

Source: Cato Institute
by Daniel J Ikenson

“Speculation is rampant that President Trump will soon announce sanctions against China for its heavy-handed intellectual property and technology transfer policies, cavalierly thrusting us into a deleterious trade war. Huawei Technologies has news for these speculators: For over a decade, Washington and Beijing have been waging a tit-for-tat technology trade war, which is escalating and claiming victims as you read.” (01/10/18)


China: Regime officials recommend slowing or halting US bond purchases

Source: Reuters

“Officials reviewing China’s vast foreign-exchange holdings have recommended slowing or halting purchases of U.S. government bonds, seeing the market for them as becoming less attractive, Bloomberg News said on Wednesday. The report helped push yields of U.S. Treasuries to multi-month highs and caused the U.S. dollar to fall. China has the world’s biggest currency reserves, approximately $3 trillion, and is the biggest foreign holder of U.S. government debt, with $1.19 trillion in Treasuries as of October 2017, data from the Treasury Department show.” (01/10/18)


China: Regime reportedly orders crackdown on Bitcoin mining

Source: Sputnik News [Russian state media]

“A Chinese watchdog for internet financial risk has reportedly ordered local governments to implement measures to limit Bitcoin mining in the country. On Friday, a tweet was posted online which appears to show a notice from China’s Internet Financial Risk Special Rectification Work Leadership Team Office, the country’s online financial risk regulator. The order requests that local governments gradually force Bitcoin miners out of the business. Measures which local authorities are instructed to use include control of the power supply to Bitcoin mines, as well laws regarding tax, land use and environmental protection. More than two-thirds of the world’s processing power devoted to bitcoin mining is located in China, but authorities there want to clamp down on the sector. They fear that cryptocurrencies are used as a tool for speculation and thereby fuel financial risk. In addition, it is feared they may be used to finance illegal activities including money laundering.” [editor’s note: What is ACTUALLY feared is that the Communist Party will lose control of the movement of wealth in the country. That’s a rational fear for an authoritarian regime to have. It’s also going to happen no matter what crackdowns occur – TLK] (01/08/18)


Iranian oil tanker burns, 32 missing after collision off China’s coast

Source: Reuters

“A tanker carrying Iranian oil and run by the country’s top oil shipping firm was ablaze and spewing cargo into the East China Sea on Sunday after colliding with a Chinese freight ship, leaving the tanker’s 32 crew members missing, the Chinese government said. Thick clouds of dark smoke could be seen billowing out of the Sanchi tanker, engulfing the vessel as rescue efforts were hampered by bad weather and fire on and around the ship, Mohammad Rastad, head of Iran’s Ports and Maritime Organisation, told Iranian television.” (01/07/18)


Shadow armies: The unseen, but real US war in Africa

Source: Antiwar.com
by Ramzy Baroud

“There is a real — but largely concealed — war which is taking place throughout the African continent. It involves the United States, an invigorated Russia and a rising China. The outcome of the war is likely to define the future of the continent and its global outlook. It is easy to pin the blame on US President Donald Trump, his erratic agenda and impulsive statements. But the truth is, the current US military expansion in Africa is just another step in the wrong direction. It is part of a strategy that had been implemented a decade ago, during the administration of President George W. Bush, and actively pursued by President Barack Obama.”: (01/03/18)