Nvidia stops making its H20 chip in China following pushback from Beijing
Nvidia has put a halt on the production of its H20 AI chip amid growing tensions, particularly after Beijing encouraged Chinese firms to move away from US hardware due to security concerns. This week, Nvidia instructed its suppliers, including Samsung Electronics and Amkor Technology, to stop production. This decision followed China’s intensified scrutiny on processors […]
Navy sailor found guilty of selling military secrets to China faces life in prison
Navy Sailor Found Guilty of Selling Secrets to China A navy sailor may spend the rest of his life in prison after being convicted in San Diego for selling military secrets to China. Jinqiao “Patrick” Wei, 25, was found guilty on multiple charges, including spying and conspiracy. His actions took place while he worked as […]
China Satisfying Its Huge Oil Needs Through Illegal Shipments from Russia, Iran, Venezuela
Global Oil Smuggling Network Exposed On Wednesday, the Financial Times reported, in collaboration with a research group known as C4ADS, about a complex international operation that is circumventing sanctions to ship significant amounts of oil from Russia, Iran, and Venezuela to China. Essentially, this operation was initiated by an Iranian accountant working for a Panama-based […]
China criticizes US military presence near Venezuela in light of rising tensions
China Criticizes US Military Presence Near Venezuela On Thursday, China strongly condemned the presence of US troops near Venezuela, which it associates with the Trump administration’s campaign against drug cartels. Officials in Beijing accused the US of meddling in foreign affairs. During a press briefing, Foreign Ministry spokesperson Mao Ning addressed inquiries about the naval […]
Trade deal with China may feature significant sale of 500 Boeing aircraft
Boeing’s CEO, Kelly Ortberg, along with GE Aerospace’s CEO, Larry Culp, extended their gratitude to President Trump for facilitating a historic $96 billion order from Qatar Airways. The aerospace leader is currently engaged in talks to sell as many as 500 airplanes to China, a move that is reportedly a central component of the trade […]
Sailor Convicted of Selling Military Secrets to China
US Navy Sailor Convicted of Selling Secrets to China A US Navy sailor has been found guilty in federal court for selling military secrets to China, as announced by the Department of Justice (DOJ) on Wednesday. Jinchao Wei, a 25-year-old sailor who used to be stationed at the San Diego Naval Base, faces potential life […]
Howard Lutnick’s ‘offensive’ comments regarding Nvidia’s H20 chips upset China, according to a report.
On Thursday, a report highlighted concerns among Chinese authorities regarding remarks made by Howard Lutnick about Nvidia’s H20 computer chip. During an interview with CNBC on July 15, Lutnick minimized the significance of the Trump administration’s recent decision to lift additional export controls that would have restricted sales of the H20. “We don’t sell them […]
Our goal is to ensure China faces consequences for purchasing Russian oil, and the next focus is separating from minerals.
During an appearance on Fox Business Network’s Morning with Maria, former President Donald Trump stated his intention to hold China accountable for its oil purchases from Russia, particularly in relation to India’s purchasing decisions. Maria Bartiromo questioned whether Trump would truly hold China responsible given the intertwined supply chains, especially since China is heavily involved […]
China Considers Stablecoins Tied to the Yuan in Shift on Crypto Policy
China is reportedly mulling over the possibility of using the yuan to support various initiatives, some of which may seem rather outlandish. This information comes from a report by Reuters, which indicates a significant shift in China’s approach to digital currencies. It seems that the National Council, China’s Cabinet, might evaluate this roadmap later this […]
China Criticizes Swatch for ‘Slanted Eyes’ Advertisement
Swatch Apologizes for Controversial Ad in China On Saturday, Swatch, a Swiss watch company, created a stir with an advertisement featuring a model who used his fingers to pull back his eyes. Despite the model being Asian, many Chinese social media users found the ad offensive. The company addressed the situation via a post on […]