Large Chinese Cyber Attack Reportedly Hidden
A report indicates that China intercepted extensive sensitive documents from the UK government, including those related to national security, over several years by acquiring relevant data centers. This situation was allegedly concealed through legal threats against former officials. Dominic Cummings, who was an advisor to the British prime minister during Boris Johnson’s administration, recounted being […]
UK Plans to Compensate Chinese Victims of $7 Billion Bitcoin Scam
Simply put Zhimin Qian deceived over 128,000 people with a fraudulent investment scheme, amassing $6.8 billion and converting it into Bitcoin. The British government confiscated the funds from 2018 to 2021 after Qian arrived in the UK, and is now weighing options for their future use. Prosecutors are considering establishing a compensation plan for victims, […]
Chinese SIM farms are influencing Americans and disrupting society, intelligence experts report.
Intelligence experts believe that advanced chatbots, largely originating from China and integrated into platforms like Reddit and Discord, are playing a significant role in radicalizing young Americans and intensifying political divides, potentially leading to violence. These chatbots can create millions of fake online identities, infiltrating discussions on social media and destabilizing American society. This is […]
Scott Bessent criticizes Chinese trade negotiator Li Chenggang
U.S. Trade Relations with China: Key Developments In a recent discussion, Treasury Secretary Scott Bessent criticized China’s chief trade negotiator, labeling the situation a “free-for-all.” He noted that the United States is implementing “price floors” and “forward buying” strategies to mitigate potential supply chain issues stemming from Chinese export limitations. This came shortly after President […]
Creative Disruption versus Chinese Disruption
The Nobel Prize Justifies Economic Nationalism, Part II: Why China’s Theft Kills Innovation In a recent review, Joel Mokyr highlighted how political divisions and national sovereignty can be drivers of innovation, focusing on Philippe Aghion and Peter Howitt’s theory of creative destruction. Their theory reveals how China’s ongoing intellectual property theft undermines the foundational aspects […]
Scott Bessent believes Trump’s meeting with the Chinese president will proceed despite the threat of a 100% tariff.
Trump’s Meeting with Xi Jinping Still on, Says Treasury Secretary In Washington, Treasury Secretary Scott Bessent mentioned on Monday that President Donald Trump’s meeting with China’s President Xi Jinping is still set to occur, despite Trump’s recent threats of imposing 100% tariffs. Trump expressed that there “seems to be no reason” for the summit, initially […]
Chinese stocks surge forward as changes put into effect.
Chinese Stocks Outperform Global Peers Chinese stocks are outperforming global markets by the largest margin in eight years, signaling that government efforts to stimulate the market are starting to pay off, although many foreign investors remain hesitant to jump back in. This year, the MSCI China index has climbed by 35%, while the MSCI World […]
Chinese coast guard collides with and damages Philippine ship near island in South China Sea
On Sunday, the Philippine Coast Guard reported that a Chinese coast guard vessel employed a strong water cannon to ram into a Philippine government ship that was anchored near an island inhabited by Filipinos in the contested South China Sea, resulting in minor injuries. Fortunately, there were no injuries among the crew of the BRP […]
Yang Hansen’s ‘Chinese Jokic’ comparison shines in NBA preseason performance.
Portland Trail Blazers’ Draft Choice and Rookie Performance The Portland Trail Blazers found themselves in a position where they couldn’t afford to draft solely for fit. This led to their decision to pick Yang Hansen, a center from China, during the first round of the 2025 NBA Draft, following another lottery center acquisition, Donovan Clingan. […]
Chinese battery stocks decline following new export restrictions on the supply chain
Chinese Battery Manufacturers’ Shares Plunge SHANGHAI, Oct. 10 – Shares in Chinese battery companies took a hit on Friday following China’s announcement of new restrictions on the export of lithium battery components. This decision is seen as a way to tighten control over technologies important for energy storage and electric vehicles. Previously, China had also […]