Tag Archives: China

China Reports Record Trade Surplus With United States

The Wall Street Journal reports: China’s trade surplus with the U.S. hit a record last year, as robust American demand for Chinese goods undercut the Trump administration’s tariff offensive aimed at narrowing the countries’ lopsided trade gap. China recorded $323.32 billion in surplus with the U.S. in 2018, representing a 17% jump from the figure in the previous year, according …

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CHINA: Gay Dating App Blued Halts New Registrations After Reports Of Underage Users Contracting HIV

Singapore’s Straits Times reports: Chinese gay dating app Blued is halting new user registration for a week, it said on Sunday (Jan 6), following media reports that underage users caught HIV after going on dates set up via the world’s largest networking app for the LGBT community. On Saturday (Jan 5), citing academic research, financial magazine Caixin said juveniles were …

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State Department Issues Travel Warning For China

Issued today by the State Department: Exercise increased caution in China due to arbitrary enforcement of local laws as well as special restrictions on dual U.S.-Chinese nationals. Chinese authorities have asserted broad authority to prohibit U.S. citizens from leaving China by using ‘exit bans,’ sometimes keeping U.S. citizens in China for years. China uses exit bans coercively: to compel U.S. …

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China Lands First-Ever Rover On Far Side Of Moon

Space.com reports: Humanity just planted its flag on the far side of the moon. China’s robotic Chang’e 4 mission touched down on the floor of the 115-mile-wide (186 kilometers) Von Kármán Crater Wednesday night (Jan. 2), pulling off the first-ever soft landing on the mysterious lunar far side. Chang’e 4 will perform a variety of science work over the coming …

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Apple Lowers Revenue Forecast, Cites China Trade War

Business Insider reports: Apple CEO Tim Cook on Wednesday warned investors that the company expects to fall as much as $9 billion short of its earlier revenue target for the first fiscal quarter of 2019. In a rare guidance revision, Cook pointed to a struggling market in China as the biggest factor for the change. Cook added that “rising trade …

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DOJ Charges Chinese Hackers Of 45 US Tech Firms

CNBC reports: The Justice Department on Thursday announced charges against Chinese two nationals accused of conducting a global hacking campaign. The defendants, Zhu Hua and Zhang Shilong, are charged with conspiracy to commit computer intrusions and conspiracy to commit wire fraud as part of multiple years long campaigns to steal from numerous foreign governments and dozens of companies. Through a …

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Stocks Crater After Trump’s “I Am Tariff Man” Tweet

The New York Times reports: Stocks fell on Tuesday, after President Trump sowed confusion over the status of a truce in the trade war between the United States and China, while the bond market, often considered a safe haven for investors, sent a stark warning about expectations for an economic slowdown. The S&P 500 dropped more than 3 percent, with …

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Trump Announces 90-Day Trade War Truce With China

ABC News reports: President Donald Trump is hitting pause in the escalating trade war with China after a meeting with President Xi Jinping. Just a day after Trump threatened to bludgeon China by doubling U.S. tariffs on $200 billion worth of goods, the White House said a planned increase from 10 percent to 25 percent on Jan. 1 will not …

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Trump Threatens Up To 25% Tariff On Apple Products

Slate reports: President Trump signaled in a Wall Street Journal interview that he is expecting to place tariffs on all Chinese imports, including potentially the iPhone and other Apple products, if negotiations at the upcoming G20 summit with President Xi Jinping fall through. “I can make it 10 percent and people could stand that very easily,” Trump said of price …

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CHINA: Novelist Gets 10 Years For Gay Sex Scenes

The BBC reports: A Chinese writer has been given a 10 year sentence for writing and selling a novel which featured gay sex scenes. The writer, identified as Liu, was jailed by a court in Anhui province last month for producing and selling “obscene material”. Her novel, titled “Occupation”, featured “male homosexual behaviour including perverted sexual acts like violation and …

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REPORT: Chinese Spies Eavesdrop On Trump’s iPhone

The New York Times reports: When President Trump calls old friends on one of his iPhones to gossip, gripe or solicit their latest take on how he is doing, American intelligence reports indicate that Chinese spies are often listening — and putting to use invaluable insights into how to best work the president and affect administration policy, current and former …

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China To Launch “Artificial Moon” Satellite [VIDEO]

Agence France-Presse reports: China is planning to launch its own ‘artificial moon’ by 2020 to replace streetlamps and lower electricity costs in urban areas, state media reported Friday. Chengdu, a city in southwestern Sichuan province, is developing “illumination satellites” which will shine in tandem with the real moon, but are eight times brighter, according to China Daily. By reflecting light …

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Pence Accuses China Of Undermining Trump Campaign

NBC News reports: The White House is trying to make the case that China is taking new and more aggressive steps aimed at influencing U.S. elections, political debates and policies, even suggesting that Beijing wants to oust President Donald Trump. Vice President Mike Pence, in a speech Thursday, bluntly accused China of “meddling in America’s democracy” to an extent that …

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World’s First Flying Car Goes On Sale Next Month

Metro News reports: The world’s first flying car will be available to pre-order next month. A Chinese company called Terrafugia is preparing to unleash a vehicle called the Transition which can turn from an automobile into an aircraft in just a minute. The most striking aspect of the Transition is its folding wings, which extend to allow flight and can …

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Trump: Apple Prices May Rise Due To My Tariffs

Politico reports: President Donald Trump on Saturday warned that the prices of Apple products may climb as a result of a new round of proposed tariffs against China, and called on the technology giant to bolster production at home to avoid the consequences of an escalating trade war. The president on Friday threatened to impose tariffs on another $267 billion …

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Ford Cancels China-Made Import Because Trump

Bloomberg News reports: Ford Motor Co. is canceling plans to import a new crossover model from a plant in China after President Donald Trump’s tariffs undermined the business case for bringing the vehicle to the U.S. market. Trump’s move to slap China-built autos with an additional 25 percent levy in July undermined the profitability of the Focus Active that Ford …

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Trump Claims China Hacked Hillary’s Email Server

The Hill reports: President Trump tweeted early Wednesday that former Secretary of State Hillary Clinton’s emails were hacked and obtained illegally by China, warning that the Justice Department must act on the news or risk losing its credibility. The president’s tweet, which did not cite any evidence for the claim, comes following a report from The Daily Caller citing unnamed …

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Trump Administration To Pay $4.7 Billion In Relief To US Farmers Hurt By Trump’s Stupid Trade War With China

NPR reports: The Department of Agriculture will pay $4.7 billion to farmers growing soybeans, cotton and other products hit by tariffs in the Trump administration’s hard-line trade war with China, announcing the first batch of payments from a $12 billion government aid package. Starting next Tuesday, the agency will take applications from farmers who produce corn, cotton, dairy, hogs, sorghum, …

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Russia To Hold Largest War Games Exercise In Decades

Reuters reports: Russia will next month hold its biggest war games in nearly four decades, Defense Minister Sergei Shoigu said on Tuesday, a massive military exercise that will also involve the Chinese and Mongolian armies. The exercise, called Vostok-2018 (East-2018), will take place in central and eastern Russian military districts and involve almost 300,000 troops, over 1,000 military aircraft, two …

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China Retaliates As Billions In New US Tariffs Kick In

CNBC reports: A new round of U.S. tariffs on $16 billion worth of Chinese imports kicked in on Thursday, prompting Beijing to retaliate with its own levies on American goods worth the same amount. The latest trade escalation comes as officials from the world’s two largest economies meet for tariff negotiations in Washington. At 12.01 a.m. EDT on Thursday, the …

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