China resolutely opposes foreign intervention in Taiwan

China 03/07/22, 21:17

The Fifth Session of the Thirteenth National People's Congress of the People's Republic of China was held in Beijing on March 5, 2022. Chinese Premier Li Keqiang (李克強) made the same general statement regarding cross-strait relations in his government work report as he did last year but added the words ...

Estonia Foreign Intelligence Service reveals ‘masterfully crafted facade’ relationship between China and Russia

China 03/07/22, 19:43

In February, the Estonian Foreign Intelligence Service released the report “INTERNATIONAL SECURITY AND ESTONIA 2022”. Besides talking about Russia, the 77-page report has a chapter devoted to China. The report stated the Russia-China partnership was "a clever facade hiding the inequality and mutual distrust between the two superpowers." Mikk Marran, Director ...

Taiwanese raise vigilance against China amid Russia’s invasion of Ukraine

China 03/06/22, 18:12

The Ukraine war has aroused the determination of the Taiwanese people to defend themselves, and the sentiment has increased significantly in a short time. Technology entrepreneur Schee Tzu-han told the Wall Street Journal that the civil defense topic has reached "tsunami levels," saying over 200 people had contacted him for a ...

Beijing to raise defense budget this year by 7.1% to $229 billion

China 03/06/22, 18:00

The Chinese Ministry of Finance has released its next year's military expenditure figure in its annual report at the National People's Congress held in Beijing on March 5. In detail, China will spend around $229 billion on military expenses in the coming year. According to a Bloomberg calculation, China plans a ...

Russian firms open hundreds of Chinese bank accounts as sanctions bite

Insights 03/06/22, 01:53

Russian companies now want to open new accounts with the Chinese bank since its businesses face troubles as Western countries impose sanctions after it invaded Ukraine. After at least four of the most prominent Russian banks were removed from the SWIFT global financial messaging system, a Chinese bank received hundreds of ...

Ruble slumps against Yuan imposing pressure on Russia

Insights 03/06/22, 01:42

The sudden spike of the Yuan against the Ruble is imposing pressure on Russia when dealing with China, its most important trading partner. According to Chinese customs data, the total trade between Russia and China increased 35.9% last year to a record high of $146.9 billion. Since international sanctions were imposed on ...

US introduces bill to sanction China in case of Taiwan invasion

China 03/05/22, 21:19

On Wednesday, March 2, several U.S. senators proposed a bill to protect Taiwan from China's military threat by using financial sanctions to restrain Beijing's attempt to unify Taiwan by force. Lawmakers said in a statement: "Passing this bill will make clear to General Secretary Xi that if he mimics Putin's invasion, ...

Pompeo visits Taiwan to talk about freedom

China 03/05/22, 21:14

Former U.S. Secretary of State Mike Pompeo is visiting Taiwan and will participate in events organized by the Vision Foundation: delivering a speech in the morning and attending a press conference in the afternoon on Friday (March 4), local time. During Pompeo's visit, from March 2 to 5, the Vision Foundation ...

US to initiate new trade tool against China on economic, industrial policy

Insights 03/05/22, 19:57

According to the Wall Street Journal, the Biden administration is considering a tougher economic stance toward China, including using Section 301 of the Trade Act to initiate additional probes into vital industries funded by China. Sources closed to the White House also told to the newspaper that the government was considering ...

$140 billion in Chinese bonds may be lifeline to Russia

Insights 03/05/22, 19:13

According to Australian and New Zealand Banking Group (ANZ) estimates, Russia's central bank and sovereign wealth fund may have $140-billion worth of Chinese bonds. Given global sanctions, Russia may seek to obtain Chinese bond assets to get out of trouble. In a report on Wednesday, analyst Raymond Yeung at ANZ pointed ...

The Chinese regime’s army and the mythical seven-headed beast

Human Rights 03/05/22, 19:03

The People's Liberation Army (PLA), under the orders of the Chinese communist regime, has ventured into so many controversial fields that it brings to mind the Hydra. This mythical seven-headed beast plagued the seas of Ancient Greece.  While nations have traditionally boasted of their armies to allies and enemies alike, such ...