China Dismisses Trump Tariffs With Astonishing $1 Trillion Surplus
China seems largely unaffected by the tariff policies of the Trump administration, boasting a record trade surplus exceeding $1 trillion annually as of November. Recent customs data released yesterday indicates that China’s exports climbed 5.9% year-on-year, reaching $330.3 billion, rebounding from a 1.1% drop in October. In the first eleven months this year, the total […]
AUD/USD remains steady around 0.6650 following positive China Trade Balance information, with attention on RBA policy.
AUD/USD Sees Continued Gains The AUD/USD pair has managed to extend its winning streak to 12 days as of Monday. It’s been trading confidently close to the 0.6650 mark, which is a high not seen in the last two months, particularly noted during late Asian trading on Friday. Recently, the Australian dollar has demonstrated considerable […]
$900B defense bill focuses on China with new investment limitations
Congress Introduces $900 Billion Defense Bill Congress has unveiled a significant $900 billion defense bill aimed at reshaping the economic and military landscape between the U.S. and China. Key measures include investment restrictions, a ban on various Chinese-made technologies in the Pentagon’s supply chain, and a boost in diplomatic and intelligence operations to monitor China’s […]
China Cautions Journalists, Promises Repercussions for Reporting ‘Misleading Information’ About Lethal Disaster
Chinese Officials Warn Media Against Reporting on Recent Fire On Saturday, Chinese officials issued a warning to foreign media about covering the November 26 fire in Hong Kong that resulted in at least 159 fatalities. The authorities are concerned that reports could cast Beijing in an unfavorable light. The Hong Kong Office for National Security […]
China Implements ‘Condom Tax’ to Increase Birthrate
China is reportedly set to introduce a tax on condoms starting in January in an attempt to address its declining birth rate, a situation heavily influenced by the former “one-child policy” that lasted from 1979 to 2015. Beginning in January, a 13% value-added tax will be applied to contraceptives, including condoms, as reported. This shift […]
John Cena remembers upsetting both China and the US over the Taiwan issue
John Cena Reflects on Controversial Apology to China Wrestler and actor John Cena shared some candid thoughts with Joe Rogan recently about a challenging moment in 2021. He found himself in hot water after referring to Taiwan as a country and then making a Mandarin apology to China, which, in turn, ruffled some feathers back […]
Emmanuel Macron of France Prioritizes China Over Ukraine During Visit to Russia’s Key Ally
Macron’s Visit to China: Focus on Trade Over Ukraine French President Emmanuel Macron wrapped up his trip to China on Friday. During this visit, he reportedly pressured Xi Jinping, who is closely aligned with Vladimir Putin, to halt the ongoing invasion of Ukraine. Western media outlets have mentioned that Macron attempted to convince Xi to […]
Trump’s plan on security focuses on large-scale migration and the challenge from China
Trump Declares “Era of Mass Immigration is Over” in New National Security Blueprint President Donald Trump has asserted that “the era of mass immigration is over” while unveiling a new national security plan that positions China as a primary threat to the United States. In a 33-page document released on Friday, Trump outlines a significant […]
Former New York Official Charged with Spying for China Claimed Hochul Was “More Compliant” Than Cuomo: Trial
A former New York state official, accused of acting as a spy for China, reportedly remarked that Governor Cathy Hochul was “much more compliant” than her predecessor, Andrew Cuomo. The New York Post revealed these comments from Linda Sun, who convinced Hochul, then Cuomo’s deputy, to record a Lunar New Year video for the Chinese […]
China Sends Strongest Indication Since 2022 to Curb Yuan’s Rise
China’s Yuan Value Set Lower than Expected China has established the daily benchmark rate for the yuan at a less favorable level than anticipated, indicating that the central bank is looking to curb its currency’s rise. The People’s Bank of China set the reference rate at 7.0733 to the US dollar, which is 164 pips […]