Dow jumps over 600 points to end wild week as investors shrug off China’s tariff retaliation
US stocks jumped Friday after the White House optimistically signalled a trade deal with China. This returned early in the morning with a 125% tax on US goods, but ended a very unstable week on Wall Street. The Dow Jones industrial average scored 619 points (1.6%) after plunging 1,014.79 the day before. The Blue Chip […]
China’s chip strategy is ‘Moneyball.’ Ours is ‘Sandlot.’
“Chip War” remains an important domain US-China competition. This clearly applies during the Biden administration, with semiconductor investment becoming the focus of the marquee law. And the emphasis on semiconductors and their competition with China remains under the Trump administration. The field is front and center Ministry of CommerceThe newly announced US investment accelerator. Still, […]
Trump Tariff Policy Could Crush China’s Slave-Linked Temu, Shein Shopping Apps
President Donald Trump's policies could drive increased duties and tariffs on products imported from China, announced Wednesday, experts warned. Shein, who specializes in cheap and inadequate women's clothing, and Temu, who sells clothing, household items and other muddy origins to Americans, both rely on the use of mobile phone apps to instantly access “fast fashion” […]
China’s Tron 1 robot hurdles over obstacles like they’re nothing
Chinese company Limx Dynamics has announced the Tron 1, a multimodal viped robot that turns its head in the world of robots. This compact powerhouse offers not just one, but three different modes of travel (walking, rolling, pivot) all in one refined package. Whether navigating rough terrain or zipping across various surfaces, the Tron 1 […]
China’s BYD says new EV charging system works in 5-8 minutes
Chinese energy and automotive giant BYD has announced an ultra-fast EV charging system that says it's almost as fast as it's pumping. China's largest EV maker, BYD, said Monday that it can provide a full charge to its latest EV within 5-8 minutes, similar to the time required for the Flash Charger to fill the […]
London Rally Demonstrates Against China’s ‘Mega-Embassy’
Thousands of people gathered in London on Saturday to meet with China's planned “Mega Embassy” project. The protesters called Chinese human rights abuses against oppressed groups like Uyghurs and Tibetans, saying mega embassy could become the headquarters for surveillance of overseas dissidents. China already has a fully functional embassy in London, but in 2018 the […]
Gold (XAU) Silver (XAG) Daily Forecast: Will China’s Stimulus Slow Precious Metals Rally? – FX Empire
Fed rate speculation and weak dollars continue to float in gold Economic data is increasingly uncertain, and the US dollar is under pressure and is trading near a few months' lows. The University of Michigan's Consumer Sensation Index fell to 57.9 in March. This is the lowest read since November 2022. Additionally, five-year consumer inflation […]
China’s influence targeted on multiple fronts by new slate of bills
First on FOX: China could face crackdown on US influence on multiple fronts if the new target bill passes slate. Senator James Lankford of R-Okla led the introduction of three bills this week aimed at reducing China's impact. The measure has taken particular action on China's acquisition of US farmland, predatory investments, and its relationship […]
China’s dominance over US in shipbuilding raises alarms in Congress
First on FOX: China's control over the United States from a shipbuilding perspective is to send alarms through Capitol Hill, future laws suggest. A bipartisan group of military veterans currently serving in the House of Representatives – R-Tenn, chairman of the Homeland Security Committee. , Rep. Jen Kiggans, R-Va. and Rep. Don Davis, DN.C. – […]
China’s Rubber-Stamp Legislature Braces for Trade War, Bets on AI
China's Rubber Stamp Congress, the National Congress (NPC), concluded its annual 10-day meeting in Beijing on Tuesday. The conference includes luxury promises from Chinese Communist Party leaders, boosting consumer spending, reviving the death-mo-death economy, and winning a trade war with the United States using artificial intelligence (AI) as a secret weapon. Technically, the only branch […]