China Watch

Jamie Dimon warned Trump would push allies to China. Greenland is reaching out now – The Independent

pgnewser May 28, 2025 0

JPMorgan Chase CEO Jamie Dimon warned Trump foreign policy would push allies to China. Greenland is reaching out now – Independent UK

Source Link

Excerpt:

Foreign governments, including Greenland, are currently considering investment alternatives to the U.S., such as China. This comes as JPMorgan Chase CEO Jamie Dimon warned that President Donald Trump’s foreign policy could isolate the U.S. under what he characterized as an “America alone” doctrine.

Dimon has stressed the need to keep in place strong economic and military ties, indicating that the CEO is frustrated with U.S. diplomacy as Trump’s foreign policy has prompted concerns at home and abroad.

Renaming the Gulf of Mexico to the Gulf of America and making threats of annexing Canada and Greenland are just some of the issues that have created consternation. The tariffs put in place by the Trump administration on allies and foes alike

Reports on China’s victory are greatly exaggerated– www.washingtonexaminer.com

pgnewser May 23, 2025 0

Source Link
Excerpt:

In the 1950s and 1960s, professor Paul Samuelson was arguably America’s preeminent economist. His textbook for introductory economics was used at colleges and universities across the United States. He was a close adviser to President John F. Kennedy.

In 1961, Samuelson predicted that the then Soviet Union would overtake the United States in economic size somewhere between 1984 and 1997. By 1980, he continued to suggest that the Soviet Union would become the world’s largest economy within a few decades.

Obviously, Samuelson was wrong. He did not understand that extreme authoritarianism and the rejection of free market capitalism would consign the Soviet Union to the dustbin of history.

Today, however, other respected academics are making Samuelson’s mistake in their assessments of Communist China. They opine that in the current century, China will become the dominant global economic power. One researcher from Princeton University wrote recently in the New York Times that the battle for global economic superiority is being “decisively” won by China and that the U.S. is becoming economically irrelevant.

 

China Is Hardly the Economic Juggernaut That Many Western Analysts Believe – PJ Media– pjmedia.com

pgnewser May 22, 2025 0

Source Link
Excerpt:

China is the original riddle wrapped in a mystery inside an enigma. A country striving for modernity but feudal in its treatment of its citizens, Beijing’s economic identity is a combination of Communist orthodoxy and crony capitalism. As you might expect, the two don’t work well together.

On the outside of the riddle, China is booming, the people are subservient and happy, and the government is looking to the future with confidence. This is the picture the Chinese Communists paint for the world to see. The reality is much different.

China is being crushed by debt, has become dependent on high levels of debt, and has created a bubble in several sectors, like housing and household goods.

One noted Chinese economist said in 2019, “Basically, China’s economy is all built on speculation and everything is over-leveraged.” He was proved right when the massive overbuilding of housing caused the market to collapse in 2021.

Rubio Unloads on China’s Fake Aid, Blows the Lid Off USAID Waste – PJ Media– pjmedia.com

pgnewser May 22, 2025 0

Source Link
Excerpt:

Secretary of State Marco Rubio didn’t just show up to Tuesday’s Senate Foreign Relations Committee hearing; he came loaded for bear. Ostensibly there to discuss the FY26 State Department budget, Rubio instead delivered a scathing indictment of China’s global con game and exposed shocking failures in America’s foreign aid system. What unfolded wasn’t routine testimony; it was a political thunderclap and a long-overdue reckoning.

As I’m sure you recall, Democrats have been having hissy fits over USAID cuts. They claim that the Trump administration was axing vital humanitarian aid when in reality, it was targeting waste, fraud, and abuse.

Just how bad is the waste, fraud, and abuse? Rubio revealed that under the old USAID model, only 12 cents of every dollar made it to the intended recipients. “That means that in order for us to get, you know, aid to somebody, we had to spend all this other money supporting this foreign aid industrial complex,” he said. In other words, U.S. taxpayers were funding bloated overhead while struggling nations got table scraps.

Foxconn builds AI factory in partnership with Taiwan and Nvidia– venturebeat.com

pgnewser May 22, 2025 0

Source Link

Excerpt:

Nvidia and Foxconn Hon Hai Technology Group today announced they are deepening their longstanding partnership and are working with the Taiwan government to build an AI factory supercomputer that will deliver state-of-the-art Nvidia Blackwell infrastructure to researchers, startups and industries.

Foxconn will provide the AI infrastructure through its subsidiary Big Innovation Company as an Nvidia Cloud Partner. Featuring 10,000 Nvidia Blackwell GPUs, the AI factory will significantly expand AI computing availability and fuel innovation for Taiwan researchers and enterprises.

The Taiwan National Science and Technology Council will use the Big Innovation Company supercomputer to provide AI cloud computing resources to the Taiwan technology ecosystem, accelerating AI development and adoption across sectors.

TSMC researchers plan to leverage the system to advance its research and development with orders-of-magnitude faster performance, compared with previous-generation systems.

“AI has ignited a new industrial revolution — science and industry will be transformed,” said Jensen Huang, CEO of Nvidia in a keynote talk at Computex 2025 in Taiwan. “We are delighted to partner with Foxconn and Taiwan to help build Taiwan’s AI infrastructure, and to support TSMC and other leading companies to advance innovation in the age of AI and robotics.”

China’s economy slows in April as trade war blues hit retail sales, housing and investment | World News– timesofindia.indiatimes.com

pgnewser May 22, 2025 0

Source Link
Excerpt:

China’s economy slows in April as trade war blues hit retail sales, housing and investment (Photo: AP)

China’s economy showed signs of slowing in April as President Donald Trump’s trade war took a toll, with retail sales, property and investment coming in weaker than economists had forecast. Industrial production slowed as Trump’s painfully high tariffs of up to 145 per cent, and 125 per cent retaliatory duties imposed by Beijing, took effect and shipments were curtailed. National Statistics Bureau spokesperson Fu Linghui said the general trend was positive though he pointed to “external shocks” that had gained intensity.

“It should also be noted that there are still many outside unstable and uncertain factors, and the foundation for the continued recovery and improvement of the national economy needs to be further consolidated,” Fu said. Here are a few key indicators reported Monday.

Retail sales Chinese consumers have been holding back after the shocks of a prolonged downturn in the housing market that is the source of much household wealth. Retail sales rose 5.1 per cent from a year earlier in April, below economists’ expectations for a 6 per cent increase. Fu said Beijing would continue to focus on supporting job creation and spurring more domestic demand.

China to cut key lending rates by 10 points, bank reserve requirement ratio by 50 points– www.cnbc.com

pgnewser May 7, 2025 0

Source Link
Excerpt:

China’s central bank and financial regulators announced sweeping plans on Wednesday to cut key interest rates in an effort to shore up growth in the face of trade worries.

China will cut interest rates by 10 basis points and lower the reserve requirement ratio by 50 basis points, the central bank governor Pan Gongsheng said at a press briefing on Wednesday.

Pan was speaking along with officials from the National Financial Regulatory Administration and the China Securities Regulatory Commission.

China Steps Up Its Game in the Global AI Race– geopolitics.co

pgnewser May 6, 2025 0

Source Link
Excerpt:

Late next month, Huawei will be testing its new powerful AI processor, the Ascend 910 D, even as by early May the previous 910C will start to be mass-delivered to scores of Chinese tech companies.

These serious breakthroughs are the next chapter of Huawei’s drive to counter Nvidia’s global monopoly in GPUs. The Ascend 910D is supposed to be more powerful than Nvidia’s extremely popular H100.

Huawei is pulling no punches in its race to manufacture a new generation of processors. Huawei has collaborated with SMIC – China’s largest semiconductor foundry – to apply Deep Ultraviolet Lithography (DUV) on what was previously only possible on EUV (Extreme Ultra-Violet technology). Once again, Huawei and SMIC defied the proverbial American “experts” with creative engineering solutions.

Harvard professor convicted for hiding ties to China gets new job in China– www.thecollegefix.com

pgnewser May 6, 2025 0

Source Link
Excerpt:

University has faced scrutiny for funding American colleges

A Chinese university which faced scrutiny for its ties to American colleges has hired a former Harvard University chemist convicted of hiding his connections to the country.

As reported by The Harvard Crimson, Charles Lieber “started his new role at Tsinghua Shenzhen International Graduate School, where he now holds the school’s highest faculty rank, in Shenzhen, China, on April 28.”

Lieber received two days in prison, six months house arrest, and a fine for hiding Chinese government affiliations and a $50,000 monthly salary and quietly retired from Harvard in 2023, as The College Fix previously reported.

NEW TODAY: House Unanimously Passes Bill Targeting China’s Persecution of Falun Gong– conservativeroof.com

pgnewser May 6, 2025 0

Source Link
Excerpt:

The House unanimously passed a bill on May 5 aimed at ending Beijing’s persecution of the spiritual group Falun Gong.

The bill, the Falun Gong Protection Act (H.R.1540), passed with broad bipartisan support and includes provisions to sanction individuals implicated in the forced harvesting of organs of Falun Gong practitioners.

The sanctions would draw from a list of foreign nationals that the president would supply to the relevant congressional committee within 180 days of the bill’s enactment into the law. The prescribed penalties include a civil fine of $250,000 along with criminal punishment of up to $1 million and 20 years in prison.

The sanctions would block an offender from entering the United States, invalidate their visa, and stop any immigration benefits the individual might otherwise enjoy.