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☆ House Democrats probe SpaceX over alleged illegal export and use of Starlink by Russia
▼ + stars: | 2024-03-07 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +3 min

House Democrats Robert Garcia, D-Calif. and Jamie Raskin, D-Md, sent a letter to SpaceX demanding transparency from the defense contractor following reports of potentially illegal purchases and use of Starlink satellite internet equipment by Russia in occupied territories of Ukraine. The congressmen also announced a probe of SpaceX by the Democratic House Committee into the company's safeguards and procedures for preventing illegal exports and use of its Starlink equipment and services. The Washington Post first reported on the probe and March 6 letter to SpaceX president and chief operating officer Gwynne Shotwell. In a statement on Thursday, the congressmen wrote, "Russia's use of Starlink satellite terminals would be in contravention of U.S. export controls that prohibit Russia from acquiring and utilizing U.S.-produced technology." The new probe by House Democrats follows news on Wednesday that a man in New Jersey was arrested on charges of allegedly trafficking 675 SpaceX Starlink terminals which were purchased with stolen credit card accounts or hacked Starlink billing accounts.

Persons: Robert Garcia, Jamie Raskin, Gwynne Shotwell, Elon Musk, Musk, Starlink, Walter Isaacson, —, Volodymyr Zelenskyy, GUR, Mike Gallagher, Gallagher Organizations: SpaceX, Democratic, Committee, Washington Post, Netflix, Directorate of Intelligence, Russian, Democrats, House, Department of Defense, CNBC, House Democrats, Police Locations: Ukraine, Warsaw, Poland, Russia, Crimea, Russian, Kyiv's, Ukrainian, Donetsk, House China, Taiwan, Starlink, New Jersey

The House Select Committee on the Chinese Communist Party sent a letter on Saturday to Elon Musk demanding that U.S. troops stationed in Taiwan get access to SpaceX's Starshield, a satellite communication network designed specifically for the military. The letter, obtained by CNBC and first reported by Forbes, claimed that by not making Starshield available to U.S. military forces in Taiwan, SpaceX could violate its Pentagon contract, which requires "global access" to Starshield technology. The letter requests that Musk provide the House committee with a briefing on its Taiwan operations by March 8. Taiwan has been governing itself independently of China since the island split from the mainland during the 1949 civil war. "I think I've got a pretty good understanding as an outsider of China," Musk said on the All-In Podcast.

Persons: Elon Musk, Tesla, Forbes, Mike Gallagher, Gallagher, Tsai Ing, Lai Ching, Musk, I've, Jaushieh Joseph Wu Organizations: Fratelli, Chinese Communist Party, Elon, CNBC, SpaceX, Pentagon, U.S ., Rep, CCP, Starshield, Russia, U.S, Tesla, Foreign Locations: Italy, Rome, Taiwan, China, American, Shanghai, Hawaii

☆ Top House China hawk to retire, opening seat in battleground Wisconsin
▼ + stars: | 2024-02-10 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

His seat in Wisconsin's 8th congressional district is particularly valuable, given the state's battleground status and House Republicans' current rail-thin majority. Despite occasional resistance to his party, Gallagher is still an essential GOP vote representing a key swing state. Trump won Wisconsin in 2016 but lost it to President Joe Biden in 2020. In 2022, Gallagher won roughly 72% of the vote against several third-party candidates but no formal Democrat opponent. He was also appointed to the helm of the House's high-profile China committee, which was created at the start of last year.

Persons: Mike Gallagher, Gallagher, Alejandro Mayorkas, Donald Trump's, Trump, Joe Biden, Gallagher's, Kristin Lyerly, Christopher Wray Organizations: U.S, Capitol, Chinese Communist Party, Marine Corps, House Republicans, Homeland, Trump, Wisconsin, Badger, Democrat, Democratic, GOP, CCP Locations: Wisconsin's, Wisconsin, Washington, China

☆ One country dominated clean energy growth this year, and it isn't the US, UK, or Germany. It's China, by a landslide.
▼ + stars: | 2023-12-27 | by ( Associated Press | ) www.businessinsider.com time to read: +11 min

In the United States, California continues to have the most solar energy, followed by Texas, Florida, North Carolina, and Arizona. China was one of the few growing markets this year for wind, the Global Wind Energy Council said. Faster permitting and other improvements in key markets such as Germany and India also helped add more wind energy. The top three markets this year are still China, the United States, and Germany for wind energy produced on land, and China, the United Kingdom, and Germany for offshore. The analysts are predicting that the global industry will rebound next year and make nearly 12% more wind energy available worldwide.

Persons: Mohammed bin Rashid Al Maktoum, Joshua A, Bickel, it's, Michael Taylor, IRENA, Karim Shahi, Rafiq Maqbool, Daniel Bresette, Bresette, Abigail Ross Hopper, Wood, Wood Mackenzie, Julia Nikhinson Construction, John Hensley, Seth Wenig, Hau Dinh, Evan Hartley, Paul Braun, John Eichberger, Daan Walter Organizations: Service, International Energy Agency, Business, IEA, United Arab Emirates, Climate, AP, International Renewable Energy Agency, Arizona . Workers, Energy Limited's, Energy, Environmental, Energy Study Institute, Solar Energy Industries Association, Global Energy Monitor, Wind Energy, Clean Power, Workers, Atlas Public, Benchmark Mineral Intelligence, Benchmark, University of Illinois, Panasonic, Toyota, Health, General Motors Co, LG Energy, Transportation Energy Institute, Rocky Mountain Institute Locations: Germany, Spain, Mohammed, Dubai, United, Bickel China, Europe, United States , California, Texas , Florida, North Carolina, Arizona, Karim, Khavda, Bhuj, India, Pakistan, Gujarat, China, Wood Mackenzie, Montauk Point , New York, Asia, United States, State, New London, Conn, United Kingdom, Hai Phong, Vietnam, Kansas, Ohio

☆ US lawmakers seek probe of Chinese drone maker Autel Robotics
▼ + stars: | 2023-11-30 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

An Autel Robotics Dragonfish Pro drone, with an 18-mile range, is displayed during CES 2022 at the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2022. REUTERS/Steve Marcus/File Photo Acquire Licensing RightsWASHINGTON, Nov 30 (Reuters) - A bipartisan group of 11 U.S. House lawmakers on Thursday asked the Biden administration to investigate and potentially sanction Chinese drone maker Autel Robotics, citing national security concerns. The Pentagon said it would respond to the lawmakers' letter. Another signer of the letter, Republican Representative Elise Stefanik, said, "Autel drones made in Communist China present an unacceptable national security risk and should not be allowed to operate in America." Over 50% of drones sold in the United States are made by DJI, and they are the most popular drones in use by public safety agencies, Republican lawmakers said earlier this year.

Persons: Steve Marcus, Biden, Mike Gallagher, Raja Krishnamoorthi, Autel, Elise Stefanik, Gallagher, Krishnamoorthi, David Shepardson, Chris Reese, Mark Porter Organizations: Las Vegas Convention, REUTERS, Rights, House, Republican, Commerce , Defense, Treasury, Autel Robotics, Technology, Robotics, China's People’s Liberation Army, PLA, Pentagon, Commerce, Commerce Department, U.S . Interior Department, Thomson Locations: Las Vegas , Nevada, U.S, House China, Communist China, America, China, Xinjiang, Ukraine, The U.S, United States

☆ How the U.S. courted the Philippines to thwart China
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +14 min

What followed was two trips to the United States in less than a year for Marcos, and visits to the Philippines by high-ranking Biden administration officials. Marcos’ predecessor, the populist firebrand Rodrigo Duterte, was openly hostile to the United States and attempted to bring his country closer to communist China during his six-year term. For the United States, cementing alliances in the Asia-Pacific region is likewise crucial to keeping China in check. China’s Foreign Ministry, in a statement to Reuters, characterized China and the Philippines as “close neighbors across the sea” with a common interest in friendship. At the time, he said the cancellation of his visa was the latest in a list of “gripes and disrespect” by the United States.

Persons: Ferdinand “ Bongbong ” Marcos Jr, Joe Biden, Marcos, Gregorio Maria Araneta III, “, ” Araneta, Biden, Kamala Harris, Antony Blinken, Defense Lloyd Austin, Julio Amador III, Marcos ’, Rodrigo Duterte, China’s, Xi Jinping, ” Marcos ’, Ferdinand Marcos Sr, ”, Marcos family’s, Washington, Duterte, China “, Becca Wasser, Wasser, Barack Obama, Xi, “ I’ve, ” Duterte, Ronald “ Bato, dela Rosa, Dela Rosa, gripes, Toribio Adaci, hadn’t, Blake Herzinger, Herzinger Organizations: Reuters, U.S, Defense, ., Party, China, U.S . State Department, ” Reuters, Philippine, United, Foreign Ministry, ” ‘, People’s Liberation Army, Center, New, New American Security, CNAS, U.S . Department of Defense, U.S ., Initiative, Philippines National Economic Development Authority, United States, Philippine National Police, Washington, Forces, VFA, Mutual, China’s, U.S . Pacific Fleet, Cooperation Locations: Philippines, Philippine, Manila, United States, U.S, China, America, Asia, Taipei, Taiwan, Beijing, South, East Asia, Pacific, Washington, Hawaii, South China, It’s, American, Japan, South Korea, Australia, New American, Taiwan . U.S, Duterte, China’s, Guangdong

☆ House China cmte. chair Rep. Gallagher on Apple letter: We just want to understand what happened
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse China cmte. chair Rep. Gallagher on Apple letter: We just want to understand what happenedHouse Select Committee on China Chairman Rep. Mike Gallagher (R-Wis.) joins 'Squawk Box' to discuss the committee's letter to Apple CEO Tim Cook questioning the reasons behind the cancellation of Jon Stewart's show on the company's streaming platform, the fallout from Chinese President Xi's dinner with top American CEOs, and more.

Persons: Gallagher, Mike Gallagher, Tim Cook, Jon Stewart's, Xi's Organizations: Email, China, Apple Locations: China

Top business leaders in the U.S. meet Chinese President Xi Jinping in San Francisco, California on Nov. 15, 2023. Apple CEO Tim Cook, Tesla chief Elon Musk and Blackrock's Steve Schwarzman were among the guests Wednesday night at a gala reception and dinner in San Francisco for visiting Chinese President Xi Jinping. San Francisco Mayor London Breed also had a spot at the head table. According to the place cards, Cook was seated next to Chinese Minister of Commerce Wang Wentao. Event organizers said Musk attended the VIP reception, but did not stay for the dinner.

Persons: Xi Jinping, Tim Cook, Elon Musk, Steve Schwarzman, Xi's, Joe Biden, Biden, Xi, Marc Benioff, Stan Deal, Raj Subramaniam, Ryan McInerney, Ray Dalio, Albert Bourla, Janow, Larry Fink, Gina Raimondo, Nicholas Burns, Kurt Campbell, San Francisco Mayor London Breed, Cook, of Commerce Wang Wentao, Musk Organizations: Apple, Tesla, U.S ., China Business Council, National Committee, U.S, China Relations, United, Boeing, FedEx, Visa, Bridgewater Associates, Pfizer, Mastercard, BlackRock, Commerce, White House, San Francisco Mayor London, of Commerce Locations: U.S, San Francisco , California, San Francisco, United States, China, White House China

"These investments are being made in areas with very high growth," Christel Bories, Eramet's chair and CEO, told Reuters. "Lithium is not tied to world economic growth, it's tied to the development of batteries and the energy transition." A $400 million deal with Glencore (GLEN.L) to market lithium from the project's first stage will mostly cover Eramet's financing needs for the next tranche, Bories said. In Chile, meanwhile, the group said it had acquired for an initial $95 million a 120,000-hectare lithium concession in the Atacama region. Reporting by Gus Trompiz, Editing by Charlotte Van Campenhout and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Ivan Alvarado, it's, Bories, Eramet's, Gus Trompiz, Charlotte Van Campenhout, Louise Heavens Organizations: National Reserve, REUTERS, Rights, Reuters, Centenario, BASF, Koniambo, SAS, Thomson Locations: Antofagasta region, Chile, Argentina, Indonesia, Centenario, Atacama, Gabon, China, New Caledonia, SLN

HONG KONG/BEIJING, Sept 28 (Reuters) - China Evergrande Group's (3333.HK) founder is being investigated over suspected "illegal crimes", the embattled developer said on Thursday, as creditors become increasingly concerned about the group's prospects amid an uncertain debt revamp plan and liquidation risk. Evergrande has been working to get creditors' approval for restructuring its offshore debt. The offshore debt restructuring plan now looks set to falter and the risks of the company being liquidated are rising, some analysts said. An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. "We believe that Evergrande's debt turmoil has had a great turmoil and negative impact on the global economy, and the things behind it are not simple."

Persons: Hui Ka Yan, Evergrande, Hui, Gary Ng, Ng, Florence Lo, They've, Christopher Beddor, Yan Yuejin, Saxo, Redmond Wong, Upasana Singh, Donny Kwok, Scott Murdoch, Ziyi Tang, Anne Marie Roantree, Sumeet Chatterjee, Kim Coghill, Shri Navaratnam, Lincoln, Miral Fahmy, Susan Fenton Organizations: HK, Trading, Asia Pacific, Reuters, REUTERS, Evergrande, China Research, Development Institution, Buyers, China Market, Thomson Locations: HONG KONG, BEIJING, China, Asia, Beijing, Evergrande, Shanghai, Bengaluru, Hong Kong, Sydney

The sources said other senior Russian energy officials would also be in the delegation. Gazprom, the world's biggest natural gas producer, and Rosneft, Russia's biggest oil producer, did not immediately reply to requests for comments. The proposed pipeline would bring gas from the Yamal peninsula fields in western Siberia to China, the world's top energy consumer and a growing gas consumer. China and Russia have yet to agree on the terms of gas deliveries via the route, including pricing. Negotiations are complex, in part because China is not expected to need more gas until after 2030, industry analysts said.

Persons: Vladimir Putin, Rosneft Igor Sechin, Yuri Trutnev, Alexei Miller, Igor Sechin, Vladimir Putin's, Putin, Xi Jinping, Sechin, Xi, Vladimir Soldatkin, Gareth Jones, Guy Faulconbridge, Barbara Lewis Organizations: Zvezda, Gazprom, Reuters, China's, Moscow, Thomson Locations: Bolshoy Kamen, Vladivostok, Russia, Ukraine, MOSCOW, China, Beijing, Moscow, Russian, Asia, Europe, Siberia, Mongolia

☆ Nanjing scraps home-buying curbs in China's latest property boost
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +3 min

China's authorities in recent weeks have rolled out a series of measures, such as easing borrowing rules, to support the debt-riddled property sector, which accounts for one-quarter of China's economic activity, but analysts say the steps are unlikely to reverse the slide. China's property sector has been on a downward spiral since 2021, when the government took steps to stop developers from accumulating debt. Nanjing's move indicates property easing will continue, playing an important role in stimulating home-buying and changing expectations in the sector, Yan said. Many smaller locales have eased home-purchase curbs over the past two years, but major cities - traditional targets of speculative buying - had held off. Nanjing also cut the maximum down payments for first home purchases to 20% from 30% for commercial mortgages, state broadcaster CCTV said on Thursday, compared to 30% to 35% in most major cities.

Persons: Tingshu Wang, Yan Yuejin, Yan, Liangping Gao, Ryan Woo, William Mallard Organizations: REUTERS, Garden Holdings, Reuters, China Research, Development Institution, Thomson Locations: Tianjin, China, BEIJING, Nanjing, Beijing, Shanghai, Shenzhen

☆ Four more Chinese developers get refinancing approval
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, June 28 (Reuters) - Four more property developers listed in mainland China said they have received approval to refinance via share placements totalling 19.9 billion yuan ($2.8 billion), in a sign of the regulatory effort to improve liquidity in the embattled sector. Tuesday's announcements of fundraising approval came as investors expect Beijing to unveil more stimulus to revive the crisis-hit property market as part of its broader goal of shoring up the economy. State-owned China Merchants Shekou Industrial Zone (001979.SZ) was the first to receive such approval on June 16. According to state media, for developers traded on the Shanghai bourse alone, 12 companies have announced plans to seek approval for equity refinancing totalling 40 billion yuan. ($1 = 7.2277 Chinese yuan renminbi)Reporting by Clare Jim; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Yan Yuejin, Clare Jim, Stephen Coates Organizations: China Merchants, Developments, Holdings, Greattown Holdings, Hubei Fuxing Science, Technology, D Institute, Shanghai bourse, Thomson Locations: HONG KONG, China, Beijing, State, Shanghai, Shenzhen, Hubei

☆ China's slower home price growth, deepening investment slump signal more easing
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +3 min

New home prices in May rose 0.1% month-on-month, slower than a 0.4% gain in March, according to Reuters calculations based on National Bureau of Statistics (NBS) data. Additional easing measures are needed to revive the industry, economists say, adding to expectations Beijing will deliver stimulus such as further easing home purchase curbs in first-tier cities. Beijing's broad-based stimulus measures to prop up the embattled property market since late last year had boosted sentiment in the wake of the abrupt end of COVID-19 curbs in December. In annual terms, prices rose slightly for the first time since April 2022, up 0.1% last month after a 0.2% drop in April. China's central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday.

Persons: Yan Yuejin, Goldman Sachs, China's, Liangping Gao, Qiaoyi Li, Ryan Woo, Sam Holmes, Christopher Cushing Organizations: National Bureau of Statistics, China Research, Development Institution, Thomson Locations: BEIJING, Beijing, China, COVID

☆ House China committee targets top clothing brands in forced labor inquiry
▼ + stars: | 2023-05-03 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

A shopper carries a bag of Nike merchandise along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. WASHINGTON — A House committee examining the U.S. government's economic relationship with China is asking some of the world's largest clothing companies for information about the use of forced labor during production — a potential violation of U.S. trade law. Lawmakers asked retailers Temu, Shein, Nike and Adidas North America about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of China, according to letters sent to company leaders on Tuesday. Such practices would constitute violations of the 2021 Uyghur Forced Labor Prevention Act, according to the lawmakers. The inquiries also follow a March hearing of the committee that included an expert assessment finding that U.S. companies finance "state-sponsored forced labor programs in the Uyghur region."

☆ China developer Sunac shares plunge after year-long suspension ends
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, April 13 (Reuters) - Chinese property developer Sunac China Holdings Ltd's (1918.HK) shares fell 45% on Thursday morning after resuming trade following a suspension of more than a year as it looks to restructure its debt after a default. The share slump comes a day after the company said in a statement to the Hong Kong stock exchange that it was to resume trading and was implementing a debt restructuring plan. Shares were down by nearly 60% in pre-market trading but trimmed losses after the market opened. Sunac is among many Chinese developers that defaulted last year as the property sector reeled under a debt crisis. Earlier this month, the Hong Kong stock exchange cancelled the listing of Chinese developer Cinic Holdings after it failed to meet trading resumption requirements in the time allotted.

☆ Tim Cook and Bob Iger to meet with House China committee members
▼ + stars: | 2023-04-05 | by ( Brian Fung | ) edition.cnn.com time to read: +3 min

L to R: Microsoft President Brad Smith, Apple CEO Tim Cook, Disney CEO Bob Iger. Lawmakers will also dine with entertainment producers and screenwriters who have been critical of the industry’s approach to wooing Chinese viewers, the source said. On Friday, lawmakers will have conversations with former Defense Secretary James Mattis as well as Apple CEO Tim Cook. China is Apple’s third-largest geographic business segment after the Americas and Europe, accounting for more than $74 billion in company revenues last year. “This committee was set up to build out the bipartisan consensus on the CCP and the actions we need to take to defend ourselves,” the source said.

☆ China's Xi speaks with Saudi crown prince, supports Saudi-Iran talks
▼ + stars: | 2023-03-28 | by ( ) www.reuters.com time to read: +2 min

BEIJING, March 28 (Reuters) - China's President Xi Jinping spoke by phone with Saudi Crown Prince Mohammed bin Salman Al Saud, discussing a wide range of subjects including supporting follow-up talks between Saudi Arabia and Iran, state media CCTV reported on Tuesday. Xi recently helped broker a surprise deal between Iran and Saudi Arabia, Middle East rivals, earlier this month to restore diplomatic ties, in a display of China's growing influence in the region which is being warily watched by the United States. Prince Mohammed, who is also the kingdom's prime minister, voiced appreciation for China's initiative to support "efforts to develop good neighbourliness" between Sunni Muslim Saudi Arabia and Shi'ite Iran, Saudi state news agency SPA said. The two leaders stressed the importance of strategic ties between Saudi Arabia, the world's top oil exporter, and economic powerhouse China, a main trade partner of Gulf states, it added. Saudi Arabia and other Gulf states have voiced concern about perceived disengagement by main security guarantor the United States from the region and have moved to diversify partners with an eye on national economic and security interests.

☆ China's property sector draws closer to exit from protracted slump
▼ + stars: | 2023-03-15 | by ( Liangping Gao | Ryan Woo | ) www.reuters.com time to read: +3 min

BEIJING (Reuters) -China’s embattled property sector made new progress in its climb out of a months-long slump as official data on Wednesday showed much narrower declines in home sales, developer investment and construction starts in January-February. Property investment by developers fell 5.7% in January-February, improving from a 12% slump in December and a 10% decline for the entire 2022. Analysts expect property sales to be the first indicator to turn positive soon and see property investment rebounding in the second half of 2023. “The figures are a good start to the recovery of the property market for 2023, and will further boost confidence,” said Yan Yuejin, analyst at the E-house China Research and Development Institution in Shanghai. At the beginning of the annual meeting of China’s parliament this month, the government made guarding against risks to top property developers one of its top priorities this year, but added that it would prevent disorderly expansion by developers.

☆ China to guard against risks among property developers - Premier Li
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +3 min

Premier Li Keqiang made guarding against risks to top property developers one of the government's priorities this year, amid still cautious buyer sentiment, following through on the work done at a key economic meeting in December. "There are more potential risks in the real estate market and some small and medium-sized financial institutions are exposed to risks," Li said in the government's work report for 2023. "Only when consumer demand for housing is boosted can other real estate problems, including the problem of financial risks of leading housing companies, be truly resolved." Premier Li said the government would resolve housing issues for young people and support the needs of homebuyers. China will ensure developers deliver pre-sold properties and expand the supply of affordable rental housing, the planner said.

☆ Peace proposal for Ukraine: China had Europe and the 'Global South' in mind, advisory firm says
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeace proposal for Ukraine: China had Europe and the 'Global South' in mind, advisory firm saysPaul Haenle, chairman of Teneo, who served as White House China director on the National Security Council from 2007 to 2009, discusses China's 12-point peace proposal for the Russia-Ukraine war, and says the country probably had Europe and the "Global South" in mind more than the United States.

☆ The 'action-reaction cycle' between the U.S. and China is a problem, professor says
▼ + stars: | 2023-03-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe 'action-reaction cycle' between the U.S. and China is a problem, professor saysSusan Shirk, research professor at the University of California San Diego, discusses the U.S. House China panel.

☆ Watch live: U.S. House China panel holds first hearing after lawmakers push seven bills targeting Beijing
▼ + stars: | 2023-02-28 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

Gallagher and Rep. Raja Krishnamoorthi, D-Ill., ranking member of the select committee, called the balloon a "violation of American sovereignty" in a joint statement. The administration's move prompted the advancement of several bills designed to bolster U.S. national security against China. Seven out of 10 bills passed by the House Financial Services Committee Tuesday addressed China or its neighbor, Taiwan. The Select Committee will not allow the CCP to lull us into complacency or maneuver us into submission." Matthew Pottinger, former U.S. Deputy national security adviser; former U.S. National Security Adviser H.R.

☆ Top-ranking Democrat on House China committee says TikTok probably won't be banned in the US but there are serious questions about its data being 'controlled by an adversarial regime'
▼ + stars: | 2023-02-26 | by ( Sarah Al-Arshani | ) www.businessinsider.com time to read: +2 min

A top democrat on the House China committee said it's unlikely TikTok will be banned. The concerns stem from the Chinese governments ability to potentially access user data. —Face The Nation (@FaceTheNation) February 26, 2023He added: "All we're saying is, if TikTok is gonna operate here, don't have that user data and algorithms controlled by an adversarial regime." The EU also banned staff members from having TikTok on their personal devices if those devices access corporate services. More than half of US states have banned TikTok from government devices, Insider previously reported.

☆ Taiwan is bolstering military exchanges with U.S., President Tsai says
▼ + stars: | 2023-02-21 | by ( Sarah Wu | ) www.reuters.com time to read: +2 min

[1/4] Taiwan President Tsai Ing-wen meets U.S. Representative Ro Khanna (D-CA), a member of the U.S. House China Select Committee, and other members of the U.S. delegation at the presidential office in Taipei, Taiwan, in this handout photo released February 21, 2023. TAIPEI, Feb 21 (Reuters) - Taiwan is bolstering its military ties with the United States and will cooperate even more closely with it and other friendly nations to deal with "authoritarian expansionism", President Tsai Ing-wen told visiting U.S. lawmakers on Tuesday. While the United States no longer maintains military bases in Taiwan, the two have a good military relationship that has become closer as China steps up pressure to try and force Taiwan to accept Chinese sovereignty. "Taiwan and the United States continue to bolster military exchanges, and going forward Taiwan will cooperate even more actively with the United States and other democratic partners to confront such global challenges as authoritarian expansionism and climate change," Tsai told the lawmakers at her office in Taipei. In August, China staged military exercises near Taiwan to express anger at then-U.S. House Speaker Nancy Pelosi's visit to Taipei.

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