U.S. fines Deloitte’s Chinese affiliate $20 million for violating audit regulations

China 10/01/22, 11:49

The U.S. securities regulator has imposed a fine on a subsidiary of Deloitte in China with allegations of violating audit regulations. Deloitte is one of the "Big Four" accounting companies worldwide. According to Reuters, the U.S. Securities and Exchange Commission on September 29 ruled that Deloitte's Chinese subsidiary allowed some Chinese corporate ...

Chinese military firms slammed with US sanctions, need to become self-reliant

China 10/01/22, 10:37

According to Nikkei Asia, Chinese military-industrial companies are now looking for new investors after being struck by U.S. sanctions. The measures forbid U.S. investors from selling their stakes without Washington's permission. It is meant to cut these black-listed firms off the American capital they needed to develop.  Nikkei Asia reported on September ...

Is China starting to crack? Experts analyze four signs

Trending 09/30/22, 16:45

Currently, the international situation is rapidly changing. China, and the Russia-Ukraine conflict, have become the two main focal points in the world. Over the past few days, rumors and strange things have appeared in China that have attracted the outside world. According to experts' analysis, there are four main ...

Chinese and Russian warships entered US waters

Japan 09/30/22, 13:29

Days ago, the media reported that on September 19, a formation of Chinese and Russian-flagged warships sailed into US territorial waters near Alaska, in the Bering Sea. A U.S. Navy patrol ship, a 400-foot cruiser named Kimball, discovered three Chinese naval vessels and four Russian naval vessels sailing 85 miles north ...

Latent threat? Chinese lab plans to do animal experiments in Florida

Trending 09/30/22, 12:56

In July, a vast parcel of agricultural land in Levy County, Florida, was acquired by a company with strong ties to the Chinese military. They plan to set up an experimental primate laboratory, causing great concern in the country. The Beijing-based JOINN laboratory has purchased 1,400 acres, for $5.5 million, ...

‘He who laughs last laughs best’: UK responds to CCP taunts

Japan 09/28/22, 16:10

The UK responded sharply to the Chinese regime after it mocked its expansion of relations with Japan, "to address the strategic threat posed by China," announced in New York on the occasion of the 77th UN General Assembly.  On the one hand, Prime Minister Liz Truss met with Japanese Prime Minister ...

Professor, NASA researcher pleads guilty to hiding Chinese links

China 09/28/22, 02:33

According to AP News, a NASA researcher and Texas A&M University professor pleaded guilty to concealing connections with a state-sponsored Chinese university and other Chinese programs while taking U.S. federal funding. During a hearing in federal court on Thursday, September 22, Zhengdong Cheng pleaded guilty to two counts, violating NASA regulations ...

The ‘Made in China’ era is over!

Corruption 09/27/22, 16:55

"Made in China 2025" was first revealed in May 2015. It aimed to use regime subsidies, mobilize state-owned enterprises, and pursue intellectual property acquisition to catch up and surpass the West's technological prowess in advanced industries by 2049. However, about seven years after Beijing launched the plan, policymakers and security officials ...

40% Americans think China considers itself at war with US, report

China 09/22/22, 18:28

According to a new national survey, a growing number of American voters believe the Chinese regime considers itself to be at war with the U.S.  About 40% of possible U.S. voters think that the Chinese Communist Party (CCP), which controls China, regards itself to be at war with the United States.  The ...

U.S. to formalize export curbs of advanced semiconductors to China: Report

China 09/22/22, 16:46

According to Reuters, the U.S. government will expand restrictions on U.S. shipments of semiconductors for artificial intelligence and chipmaking tools to China.  The U.S Department of Commerce plans to release new regulations based on letters that communicated to three American firms, including KLA Corp., Lam Research Corp., and Applied Materials Inc. The ...

Wall Street mogul confesses his misjudgment about China

China 09/22/22, 16:45

A Wall Street tycoon who used to advocate investing in China has recently confessed that he misjudged the world’s second largest economy. Stephen Roach is former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. According to the Liberty Times, Roach has been an optimist who never retreated from the ...