American computer chip maker Intel issued an apology in Chinese text on Thursday for a previous statement in which it urged its Chinese suppliers to not source products from Xinjiang, a region where human rights experts say nearly every manufactured product is guaranteed to have been made by slaves.
A Harvard University professor charged with hiding his ties to a Chinese-run recruitment program has been found guilty on all counts.
Charles Lieber, 62, the former chair of Harvard’s department of chemistry and chemical biology, had pleaded not guilty to two counts of filing false tax returns, two counts of making false statements, and two counts of failing to file reports for a foreign bank account in China.
The jury deliberated for about two hours and 45 minutes before announcing the verdict after five days of testimony in Boston federal court.
The Chinese Communist Party paid a Washington, D.C., radio station $4.4 million over the past two years to broadcast propaganda, according to new federal foreign agent disclosures.
The Virginia-based Potomac Media Group detailed its lucrative contract with the Communist Party’s International Communication Planning Bureau in filings last Thursday with the Justice Department. As part of the deal, Potomac Media’s WCRW, an AM station, airs content from China Global Television Network and a series of talk shows that portray China in a positive light.
One of the sadder realities of modern business is seeing how China has managed to co-opt and make hostages of American capitalists dazzled by the riches of the Chinese market. Ray Dalio of Bridgewater Associates is just the latest financial titan to play the “Who am I to judge how another country runs itself?” card.
For Dalio, moral relativism is great for business.
LONDON, Dec 17 (Reuters) – Amazon.com Inc was marketing a collection of President Xi Jinping’s speeches and writings on its Chinese website about two years ago, when Beijing delivered an edict, according to two people familiar with the incident. The American e-commerce giant must stop allowing any customer ratings and reviews in China.
A negative review of Xi’s book prompted the demand, one of the people said. “I think the issue was anything under five stars,” the highest rating in Amazon’s five-point system, said the other person.
There is a hypocrisy at the heart of the West’s attitude to China: although we’re constantly warned about the threat from Beijing, our political and corporate elites seem intent on making this century a Chinese one. Unlike in the Thirties, this appeasement isn’t driven by fear and ignorance; it is motivated largely by greed.
And that greed could prove fatal.
Beijing has urged US business groups with interests in China to “speak out” and lobby the US government in its defence, warning that as bilateral relations deteriorate they cannot make money “in silence”.
The vice-foreign minister Xie Feng, in charge of managing China’s relationship with the US, also urged against political boycotts of the upcoming Beijing Winter Olympics, saying it harms the interests of athletes and was “unpopular”.
Key business groups including the American Chamber of Commerce in Shanghai and the US-China Business Council, met Xie at a virtual forum on Tuesday, according to a transcript of his address.
“We do business in 100 countries,” said Jamie Dimon to Fox News Channel’s Maria Bartiromo in early August. “And we do, we do it under the laws of those lands and under the law of America as they apply.”
“Foreign policy is set by the American government, not set by JPMorgan,” Dimon, the chairman and CEO of JPMorgan Chase, argued.
Dimon is correct. The U.S. government does not prohibit banks or other companies from doing business in China.
Yet doing business in China strengthens a horrific regime, so the issue is not about legality, as Dimon suggests. It is about morality.
Disney+, The Walt Disney Company’s online streaming service, has removed an episode of “The Simpsons” in Hong Kong that showed characters visiting Beijing and Tiananmen Square an features one character reading a sign that states “Tien An Men Square: on this site, in 1989, nothing happened,” according to multiple reports.
The episode, “Goo Goo Gai Plan” — which aired during the show’s 16th season in 2005 — also depicted a character heading over to a line of tanks, which is a nod to the well-known Tank Man photograph, taken during the protests that led to a state massacre of demonstrators, reports Bloomberg.
JP Morgan boss Jamie Dimon has apologised after saying his Wall Street bank would outlast China’s Communist Party.
The comments, made at a US event, sparked anger in China, with experts warning they could jeopardise the bank’s ambitions in the country.
Mr Dimon said: “I regret and should not have made that comment,” in a statement issued on Wednesday.
He added he was only to trying to “emphasise the strength” of the bank.
Academics suggested the quick apology was aimed at containing the fallout.
In August, JP Morgan won approval to become the first full foreign owner of a securities brokerage in China.
Boycott Israel, not Communist China.
The ‘Squad’ of Rep. Alexandria Ocasio-Cortez, Rep. Rashida Tlaib, Rep. Ayanna Pressley, Rep. Jamaal Bowman, and Rep. Cori Bush, already full-time members of the Hamas caucus, expanded their horizons by joining the Communist China appeasement caucus.
He said that we should ensure the U.S. corporate sector is acting in accord with American interests.
On Thursday, the National Counterintelligence and Security Center, which is part of the Office of Director of National Intelligence, issued a report warning American companies about the risks of doing business with Chinese firms in five critical industries: artificial intelligence, bioeconomy, quantum information science and technology, semiconductors, and autonomous systems.
” … For generations, business consultants have persuaded businesses large and small to move their production to China in search of cheaper costs. This has had a devastating effect, particularly in the United States, where between 2004 and 2017, the share of world manufacturing shrank from 15 to 10 percent while reliance on Chinese inputs doubled. The trade deficit with China, according to the Economic Policy Institute, has cost as many as 3.7 million jobs since 2000. The consequences have also been severe in the UK, which suffered 1.5 million job losses in manufacturing between 1997 and 2009, in part due to climate policies that threaten the last vestiges of heavy industry in the country that invented it.
In the face of these trends, the general response of the Western elites has been “Why worry?”
Good read.
US and Chinese scientists were planning to create a new coronavirus before the pandemic erupted, leaked proposals show.
Last month, a grant application submitted to the US Defense Advanced Research Projects Agency (Darpa) revealed that an international team of scientists had planned to mix genetic data of similar strains to create a new virus.
The grant application was made in 2018 and leaked to Drastic, the pandemic origins analysis group.
I think the China class should be rounded up.
While reading a New York Times story about the Justice Department plan to drop serious charges against a Chinese tech executive, I looked for the Hunter Biden angle. It wasn’t a long search.
After noting the 2018 arrest in Canada of Meng Wanzhou, the chief financial officer of Huawei Technologies, at the request of the Trump administration, the Times called the case a “symbol of the tumultuous relationship” between America and China.
Then came this: “The deal to release Ms. Meng could signal a more conciliatory approach in Washington’s stance toward Beijing under the Biden administration.”
