Stocks Tumble As China Challenges US’ AI Dominance
China’s new artificial intelligence (AI) model, DeepSeek, spooked investors Monday, sparking a $1 trillion withdrawal from stocks in the United States and Europe.
China
House Report Reveals Surge in Chinese Espionage and Dissident Repression in U.S.
Chinese espionage activities are on the rise, with the Communist regime systematically targeting overseas dissidents in the U.S. and increasing cases of sensitive information theft and intelligence gathering, according to a House subcommittee report.
China Could Soon Threaten US From Space, General Warns
The commander of America’s military space operations has warned that Communist-run China’s space military could soon threaten its capabilities.
IMF: China and US Levels of Borrowing May Have “Profound” Effect on Global Economy
The International Monetary Fund has warned that the US and China should each ensure they start borrowing less as their respective debt levels may have a “profound” effect on interest rates paid by other countries and on the economy worldwide, the Wall Street Journal reports.
China: Evangelical Leaders Threatened With Prison For Printing Devotional Materials
Amid an ongoing systematic crackdown on Christians in China, the ruling Chinese Communist Party has threatened evangelical church leaders in Guangdong Province with prison and seizure of property for printing devotional materials, Christian Daily reports.
Moody’s Downgrades Eight Chinese Banks; Hongkong Also Rated Negative
China, the world’s second-largest economy, faced more hurdles Thursday as Moody’s Investors Service cut its outlook for eight Chinese banks to “negative” from “stable” following the same downgrade to China’s government.
China: Police Raid Christian Mission Center, Arrest and Detain Leaders
Police in China raided a long-persecuted Christian mission center in Chengdu, Sichuan province earlier this month, arresting a number of church leaders and continuing to detain two of them, China Aid reports.
US President Calls China’s Counterpart Dictator
U.S. President Joe Biden still believes Chinese President Xi Jinping is “a dictator,” prompting a rebuke from Beijing after the two leaders initially reported progress during their meeting in the United States.
China: Police and government officials raid Church graduation ceremony and arrest Christians
A long-persecuted evangelical Early Rain Covenant Church (ERCC) in China’s Sichuan province suffered a police raid on a graduation ceremony it was holding, and a number of church members were taken away, the China Aid Christian advocacy group reports.
Beijing and Havana in talks about joint military base in northern Cuba
China and Cuba are in talks over building a joint military training facility in northern Cuba that could lead to Beijing having permanently stationed troops close to the United States, thus also expanding the scope for espionage activity, the Wall Street Journal reported on Tuesday. The facility would be located just 100 miles from the US mainland.
US Foreign Secretary In China To Avoid Cold War
U.S. Secretary of State Antony Blinken met China’s Foreign Minister Qin Gang in Beijing as part of efforts to ease military and political tensions.
China: Changsu city to pay public sector workers entirely in digital yuan
As part of a new phase in promoting China’s currency, the Chinese city of Changsu in Jiangsu province has confirmed it will start paying its public sector employees entirely in digital yuan, Asia Nikkei reports.
NATO: China to triple its nuclear arsenal ‘within a few years’
China will have a stockpile of 1,500 nuclear warheads “by 2035,” according to Western officials who worry that technological advances and geopolitical acrimony have raised the potential for nuclear conflict.
Leaked documents show China could quickly establish air superiority over Taiwan during an invasion
Recently leaked classified US intelligence documents show that China is expected to quickly establish air superiority over Taiwan in any future Chinese invasion of the small island nation, the Guardian UK reports. The documents were found to have been among those leaked by US air national guardsman Jack Teixeira, who has since been arrested and taken into custody by the FBI.
China completes 3 days of military drills simulating blockades around Taiwan
China announced Monday it “successfully completed” a three-day military exercise during which it practiced installing naval and aerial blockades around Taiwan, i24 News reports. The drill began on Saturday, causing some consternation amid ongoing fears that China is edging toward an invasion of self-ruled Taiwan, which Beijing considers part of the Chinese mainland.
China sends military helicopter and three warships close to Taiwan
China sent an anti-submarine helicopter and three warships disturbingly close to Taiwan, the Taiwanese Ministry of National Defence said in a statement Thursday, Reuters/AFP report. Successive Chinese regimes have considered the independent island nation of Taiwan to be part of China, and the US-supported Taiwanese have long lived under the threat of invasion by their giant neighbor.
China land-buying push targets U.S. agriculture, farm acreage
China’s government is systematically buying U.S. farmland as part of a strategy to meet soaring domestic demand and bolster an agricultural sector beset by decreasing arable land and polluted water.
Brazil, China Ditch US Dollar
Brazil and China have ditched the U.S. dollar and agreed to trade in their currencies as the greenback rapidly loses its status as the world’s reserve currency.
Chinese military has deployed hundreds of satellites with which to attack US satellites in future, Russia not far behind
The commander of the US Space Force warned this week that China’s military has deployed hundreds of satellites with which it could attack American satellites in future, the Washington Times reports.
US-UK-Australia Submarine Plans Move Ahead; China Has Said it Reveals ‘Cold War Mentality’
The U.S., Britain, and Australia have unveiled a multi-decade plan designed to boost Western security in the Asia Pacific at a time of growing Chinese power, by enabling Australia to buy nuclear-powered submarines from the U.S., and eventually build its own.