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☆ Pope Francis cements legacy, stamps Church future with new cardinals
▼ + stars: | 2023-09-30 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/5] Pope Francis attends the consistory ceremony to elevate Roman Catholic prelates to the rank of cardinal, in Saint Peter's Square at the Vatican, September 30, 2023. There are now 137 cardinal electors, about 73 percent of them chosen by Francis. This increases - but does not guarantee - the possibility that the next pope will share his vision of a more progressive, inclusive Church. They are known as cardinal electors. On October 4, he will open a month-long major meeting in the Vatican, known as a synod, that could chart the Church's future.

Persons: Pope Francis, Remo Casilli, Peter's, Francis, Bishop Stephen Chow Sau, Chow, Italian Bishop Pierbattista Pizzaballa, convokes, Philip Pullella, William Maclean 私たち Organizations: Vatican, REUTERS, CITY, Church, Catholic Church, Malaysian Locations: Saint Peter's, St, U.S, France, Italy, Argentina, Switzerland, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Venezuela, Portugal, China, Beijing, Italian, Europe

☆ Pence and other 2024 Republicans zero in on China to demonstrate foreign policy chops
▼ + stars: | 2023-09-18 | by ( Daniel Strauss | ) edition.cnn.com time to read: +5 min

“China is the greatest strategic and economic threat facing the United States in the 21st century,” Pence said in his speech at the Hudson Institute in Washington, DC. For months, China as a foreign policy adversary has been the favored topic of Republican primary candidates. Nikki Haley, who served as ambassador to the United Nations, made a point of spelling out how adversarial the relationship between the United States and China has become. “Yes, I view China as an enemy.”Haley has also used China as a way to frame Biden and Vice President Kamala Harris as weak and incompetent. During the worst days of the Covid-19 pandemic, Trump dug in against criticism directed at him for calling the coronavirus the “China virus.”Trump has used China to argue he has done more than other administrations.

Persons: Mike Pence, Joe Biden’s, ” Pence, Biden, it’s, ”, Scott Brown, Trump, “, Joe Biden, Ron DeSantis, ” DeSantis, Sen, Tim Scott of, ” Scott, I’ll, Nikki Haley, “ China’s, ” Haley, CNN’s Jake Tapper, Kamala Harris, They’ve, Dixon, Donald Trump, ” Trump, Maura Gillespie, ” Gillespie, Vladimir Putin, Putin Organizations: CNN, Hudson Institute, Republican, Florida Gov, Tim Scott of South Carolina, South Carolina Gov, United Nations, Union ”, America, Newsweek, GOP Locations: Afghanistan, China, “ China, United States, Washington ,, New Zealand, Samoa, Ukraine, New Hampshire, Florida, Tim Scott of South, “ State, Russia, Communist China

☆ Australian PM to visit China this year after 'progress' on ties
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +1 min

[1/2] Australian Prime Minister Anthony Albanese along with the Australian Foreign Minister Penny Wong smile during the 43rd ASEAN Summit in Jakarta, Indonesia, September 6, 2023. REUTERS/Willy Kurniawan/Pool Acquire Licensing RightsSYDNEY, Sept 7 (Reuters) - Australia and China have made progress in returning to "unimpeded trade" but more progress is needed, Australian Prime Minister Anthony Albanese said on Thursday as he met Chinese Premier Li Qiang at a regional summit in Indonesia. "The progress we have made in resuming unimpeded trade is good for both countries and we want to see that progress continue," Albanese said in his opening comments at the meeting. Li said he welcomed Albanese to visit China this year, and Albanese said he would. "I look forward to visiting China later this year to mark the 50th anniversary of Prime Minister Whitlam’s historic visit," Albanese said in a statement after the meeting, referring to the first visit to communist China by an Australian leader, then prime minister Gough Whitlam, in 1973.

Persons: Anthony Albanese, Penny Wong, Willy Kurniawan, Li Qiang, Albanese, Li, Whitlam’s, " Albanese, Gough Whitlam, Cheng Lei, Yang Hengjun, Kirsty Needham, Robert Birsel Organizations: Australian, Australian Foreign, ASEAN Summit, REUTERS, Rights, Thomson Locations: Jakarta, Indonesia, Australia, China

☆ US raises concerns by Micron, Intel with China
▼ + stars: | 2023-08-28 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

[1/3] U.S. Commerce Secretary Gina Raimondo delivers her speech at a reception with U.S. Industry and Chinese Government Officials hosted by U.S. Ambassador to China Nick Burns, in Beijing, China, August 28, 2023. Raimondo wants to address concerns from U.S. businesses that are having difficulties operating in China. Raimondo told reporters that she had discussed concerns over China's effective ban on purchases of Micron memory chips with her Chinese counterpart. Secretary Raimondo must stand up to our greatest adversary."

Persons: Gina Raimondo, China Nick Burns, Andy Wong, Wang Wentao, Raimondo, Biden, Raimondo's, Janet Yellen, Antony Blinken, Joe Biden, Marsha Blackburn, Export Enforcement Matthew Axelrod, We're, David Shepardson, Susan Heavey, Chris Sanders, Mike Harrison, Matthew Lewis Organizations: . Commerce, . Industry, Government, U.S, REUTERS Acquire, Rights, Intel, Micron Technology, Chinese Commerce, Commerce Department, Micron, Reuters, Republican, U.S . Commerce Department, Export Enforcement, Ministry of Commerce, Commerce, United, Thomson Locations: China, Beijing, Rights BEIJING, New York, Washington, Republican China, U.S, United States

LONDON, Aug 25 (Reuters) - In an investment world trumpeting new-found ethical and sustainability guidelines, the seeming indifference of markets to democratic credentials still remains stark. There's little doubt that emerging market risks are many and rising for Western investors. What's more, there were as many emerging economies in its sample with relatively low bond spreads in the group with very low V&A scores as the group with very high V&A scores. If you removed those two wipeouts, screening just for V&A democratic values made much less difference to the bottom line. "Taking heed of these geopolitical risks could be the crucial difference between securing your returns or ending up with nothing."

Persons: Morgan's, Eamon Aghdasi, Mina Tomovska, Saker Nusseibeh, Nick Macfie Organizations: U.S ., Hermes, Financial, Reuters, Thomson Locations: Brazil, Russia, India, China, South Africa, Saudi Arabia, Iran, UAE, Egypt, Argentina, Ukraine, Taiwan, Boston, Belarus, Washington

[1/3] Florida Governor and Republican presidential candidate Ron DeSantis speaks at the Republican Party of Iowa's Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. China is mentioned daily at campaign stops, in digital ads and in policy speeches by the various Republican candidates. Some 50% of Americans identify China as the greatest threat to the United States, according to a Pew Research poll released in late July. On the stump, they have said the United States must stand by Ukraine. If the United States does not confront Russia, they say, China will feel emboldened.

Persons: Ron DeSantis, Scott Morgan, Democratic Biden, DeSantis, Nikki Haley, Donald Trump, Tim Scott, Trump, Terry Sullivan, Marco Rubio's, Joe Biden, Pew, Haley, Scott, Jamieson Greer, King, Wendy Cutler, Mike Pence, Gram Slattery, David Lawder, Michael Martina, Ross Colvin, Alistair Bell Organizations: Florida Governor, Republican, Republican Party of Iowa's, REUTERS, Democratic, East, Newsweek, Justice Department, Pew Research, Trade, Spalding, U.S . Trade Representative, Trump, Heritage Foundation, Russia, China, American Enterprise Institute, Thomson Locations: Des Moines , Iowa, U.S, ROCHESTER , New Hampshire, China, United States, America, Communist China, Russia, Iran, Beijing, Washington, Ukraine

☆ Xi meets Kissinger the same week US climate envoy Kerry was in China
▼ + stars: | 2023-07-20 | by ( Nectar Gan | ) edition.cnn.com time to read: +1 min

CNN —Henry Kissinger, the 100-year-old former US Secretary of State who is in Beijing this week for a surprise visit, met with Chinese leader Xi Jinping on Thursday – a day after US climate envoy John Kerry wrapped up his trip to restart climate talks with China. Xi met Kissinger at the Diaoyutai State Guesthouse, a diplomatic complex in western Beijing where China’s leaders often receive foreign dignitaries, state broadcaster CCTV reported. The meeting comes after Kissinger met with China’s top diplomat Wang Yi and Defense Minister Li Shangfu, who has been under US sanction since 2018 over China’s purchase of Russian weapons. Kissinger’s meeting with Xi is indicative of how highly he is regarded by China’s leadership. His previously unannounced visit overlapped with Kerry’s high-profile visit to Beijing, which saw US and China resume climate talks that had been frozen for nearly a year.

Persons: CNN — Henry Kissinger, Xi Jinping, John Kerry, Xi, Kissinger, Wang Yi, Li Shangfu, Kerry, Joe Biden’s, ”, Nixon Organizations: CNN, CCTV, Wang Yi and Defense, China’s, State, Beijing “, Communist Locations: Beijing, China, Diaoyutai State, Communist China

☆ Pope approves Shanghai bishop as Vatican chides China for lack of consultation
▼ + stars: | 2023-07-15 | by ( Philip Pullella | ) www.reuters.com time to read: +1 min

VATICAN CITY, July 15 (Reuters) - Pope Francis has approved a new bishop of Shanghai as the Vatican chided China for transferring him there without consultation, in violation of bi-lateral accords. A Vatican statement on Saturday said the pope had named Bishop Joseph Shen Bin to head the vacant Shanghai diocese position. It is the latest dispute between the Vatican and China over the transfer of a bishop. In November, the Vatican accused Chinese authorities of violating the 2018 pact by installing a bishop in a diocese not recognised by the Holy See. For the first time since the 1950s, both sides recognised the pope as supreme leader of the Catholic Church.

Persons: Pope Francis, Bishop Joseph Shen Bin, Cardinal Pietro Parolin, Shen, Parolin, Philip Pullella, Frank Jack Daniel, Mike Harrison Organizations: CITY, State, Conservative, Catholic Church, Thomson Locations: Shanghai, Vatican, China, Haimen, Jiangsu province

☆ Pope Francis announces 21 new cardinals
▼ + stars: | 2023-07-09 | by ( Philip Pullella | ) www.reuters.com time to read: +1 min

Eighteen of the churchmen are under 80 and will be able to enter an eventual conclave to choose the next pope. The new cardinals come from countries including the United States, Italy, Argentina, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, and Portugal. Three of the new cardinals were recently named as heads of major Vatican departments, including Argentine Archbishop Victor Manuel Fernandez, head of the Vatican's doctrinal department. Another significant appointment was that of Bishop Stephen Chow Sau-Yan of Hong Kong. Reporting by Federico Maccioni and Philip Pullella; Editing by Alison Williams and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Francis, Victor Manuel Fernandez, Bishop Stephen Chow Sau, Chow, Federico Maccioni, Philip Pullella, Alison Williams, Sharon Singleton Organizations: Sunday, Church, Argentine, Catholic Church, Thomson Locations: St, United States, Italy, Argentina, South Africa, Spain, Colombia, South Sudan, Hong Kong, Poland, Malaysia, Tanzania, Portugal, China

☆ China's Trip.com will pay its workers $140 million to have kids
▼ + stars: | 2023-06-30 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s Trip.com, one of the world’s largest online travel agencies, is introducing new childcare subsidies worth 1 billion yuan ($138 million) to encourage its 32,000 employees to have kids. Trip.com’s announcement follows similar initiatives by smaller Chinese companies and comes as the country faces a demographic crisis. The country is now the world’s second most populous nation, having fallen behind India, according to the United Nations. Giving birth to a first or second child would lead to payments of 30,000 yuan ($4,130) and 60,000 yuan ($8,260) respectively, the reports said. Some 6.83 million couples married in 2022, according to data released by China’s Ministry of Civil Affairs earlier this month.

Persons: China’s, ”, James Liang, …, ” Liang, — CNN’s Simone McCarthy Organizations: Hong Kong CNN, Workers, Communist, United Nations, Beijing, Beijing Dabeinong Technology, China Securities, QiaoYin, QiaoYin City Management, China’s Ministry of Civil Affairs Locations: Hong Kong, Communist China, India, Trip.com, Beijing, QiaoYin City, China

China's top graft-busting watchdog earlier this year vowed to eliminate ideas of a Western-style "financial elite" and rectify the hedonism of excessive pursuit of "high-end taste". Industrial and Commercial Bank of China (ICBC) (601398.SS) and China Construction Bank Corp (CCB) (601939.SS) plan to cut some allowances of employees at the banks' headquarters from this year, two sources familiar with the matter said. Domestic rival China International Capital Corp (CICC) (3908.HK) last month cut this year's bonuses for investment bankers by 30%-50% from a year earlier, Reuters has reported, citing sources with knowledge of the matter. Besides anti-corruption crackdown and "common prosperity" drive, financial firms are also reining in the flashy lifestyle of their staff to make sure they are not violating the Communist Party's ideology, said industry officials. China's securities regulator and the central bank cut the budget allocation for employee salaries in 2023, following reforms ordered as part of a broader drive to reduce income disparity, Reuters reported last month.

Persons: Xi Jinping's, CCB, Xin Sun, Sun, Xie Yu, Julie Zhu, Selena Li, Ziyi Tang, Binbin Huang, Rong Ma, Sumeet Chatterjee, Lincoln Organizations: Industrial, Commercial Bank of China, China Construction Bank Corp, Securities, Reuters, China International Capital Corp, HK, Party, King's College London, Thomson Locations: China, HONG KONG, Beijing, Hong Kong, Shanghai

☆ China records fewest marriages in more than three decades as population crisis looms
▼ + stars: | 2023-06-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Some 6.83 million couples married in 2022, according to data released by China’s Ministry of Civil Affairs on Friday. That’s down around 10.5% from the 7.63 million marriage registrations in 2021 and marks a record low since 1986, when the ministry began releasing statistics, according to state media. Chinese officials see a direct link between fewer marriages and falling births in the country, where social norms and government regulations make it challenging for unmarried couples to have children. Efforts from Chinese officials in recent years to reverse trends of falling marriages and births have yet to see results amid the looming economic and social issues at play. The Ministry of Civil Affairs’ recent data release also showed a slight fall in divorce registrations, with 2.1 million couples divorced in 2022, down from 2.13 million couples the previous year.

Persons: That’s, – Organizations: Hong Kong CNN, China’s Ministry of Civil Affairs, Communist, United Nations, Authorities, Communist Party, Communist Youth League, China Family Planning, Ministry, Civil Affairs, China isn’t Locations: Hong Kong, China, Beijing, Communist China, India, Japan, South Korea

Kinmen, Taiwan CNN —As the sun sets over Taiwan’s Kinmen islands, the neon lights of mainland China dazzle in the distance just 2.5 miles away. That lingering potential for invasion might make it seem like an unlikely place to construct a bridge to mainland China. Anti-invasion spikes along the coast of Taiwan's Kinmen islands. During a recent trip to Kinmen, Taiwan Vice President and DPP presidential candidate William Lai said he recognized the sacrifices of the islanders during decades of conflict. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it,” he added.

Persons: John Mees, Ko Wen, ”, Xi Jinping, Ho Chih, Sam Yeh, Kinmen, Yang Chien, ” Yang, “, Yang, Yang Pei, Huang Li, cheng, Tsai Ing, William Lai, Wu Chia, chiang, Nancy Pelosi, Kevin McCarthy, Joseph Wu, ” Wu, Maestro Wu Tseng, Maestro Wu Organizations: Taiwan CNN —, Communist, People’s Liberation Army, CNN, Democratic Progressive Party, Taiwan’s Presidential, Mainland Affairs Council, Chinese Communist Party, CCP, Mainland Affairs, Russo, Getty, Communist China's, Tourism Association, Communist Party, Xi, United States, Taiwan’s, Taiwan Locations: Kinmen, Taiwan, China, Beijing, Taipei, Taiwan’s, Xiamen –, Xiamen, Chinese, Ukrainian, Russia, Taiwan's, AFP, Jinsha, “, Fujian, California, Beijing’s

☆ JPMorgan Chase CEO Jamie Dimon hints at future in politics
▼ + stars: | 2023-05-31 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Dimon has built a banking empire at JPMorgan Chase and his advice is sought by presidents, prime ministers and central bankers. Now that he’s conquered the business world, Dimon is signaling an openness to at least explore an eventual second act in politics. “I love what I do,” Dimon told Bloomberg, adding he’s “quite happy” in his current job. Since becoming CEO in 2005, Dimon has vaulted to the top of the business world. Dimon steered JPMorgan through the 2008 financial crisis, the Covid-19 pandemic and now the banking crisis.

Persons: Jamie Dimon, Dimon, he’s, “, ” Dimon, Sen, Elizabeth Warren, he’d, ”, Donald Trump, CNN’s Poppy Harlow, that’s, “ I’m, we’re Organizations: New, New York CNN, JPMorgan Chase, Bloomberg Television, JPMorgan, Bloomberg, Wall, Trump, Democrat, Republican, CNBC, Democratic, CNN’s, Republicans, Global China Summit Locations: New York, America, Shanghai, China

☆ Under Xi Jinping, China's military has become an untouchable nationalist symbol
▼ + stars: | 2023-05-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Yue’s alleged transgression: “uglifying” and “insulting” China’s military, the People’s Liberation Army (PLA). Under Xi, China passed a law in 2018 to ban the slander of national “heroes and martyrs,” a crime punishable by up to three years in prison. To outsiders, it may appear puzzling that China’s military, the largest and one of the most powerful in the world, would be so easily offended by a seemingly tame joke. Xi has staked his legitimacy on returning China to its former greatness, and a strong and powerful military plays a key role in driving that nationalist agenda. He has also ramped up China’s military posturing, sending fighter jets and warships to the Taiwan Strait and around the disputed islands with Japan.

☆ Big Promises From Vivek Ramaswamy
▼ + stars: | 2023-05-05 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

“We will use our military to annihilate the Mexican drug cartels.”While in Keene, N.H., on Wednesday, Mr. Ramaswamy mused about using a local precision-weapons plant to elaborate on his threat of military action against organized crime across the southern border in Mexico. And Mr. Ramaswamy has conceded that among some libertarian-minded voters, the promise sounds disconcertingly bellicose. It might also resonate with those who understand how lopsided the youth vote is in favor of Democrats. He would prevent American businesses from expanding into Chinese markets unless “our demands are met” by Beijing. Those include more intellectual property protections and an end to required joint ventures with state-controlled businesses.

☆ Jack Ma, who disappeared from public view in 2020, just accepted a teaching position in Japan. Here's how the Alibaba and Ant Group founder got started and amassed a huge fortune.
▼ + stars: | 2023-05-01 | by ( Madeline Stone | Avery Hartmans | Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Jack Ma, the billionaire founder of Alibaba and Ant Group, accepted a teaching role in Japan. Ant Group said Ma would give up control of the fintech company amid closer scrutiny from Beijing. Alibaba and Ant Group founder Jack Ma, who disappeared from public view in 2020 and resurfaced in Thailand in January, has accepted a teaching role in Japan. Ma is expected to conduct research on sustainable agriculture and food production, Tokyo College said in an announcement on May 1. Jay Fai restaurant in Bangkok, Thailand, posted a photo of Ma when he resurfaced.

☆ Senior US lawmaker says doing everything possible to speed up Taiwan arms deliveries
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +3 min

[1/5] Michael McCaul, Chairman of the U.S. House Foreign Affairs Committee, who is leading a delegation of US lawmakers visiting Taiwan, and Taiwan's Parliament Speaker You Si-kun, shake hands during a news conference at the parliament in Taipei, Taiwan April 7, 2023. REUTERS/Carlos Garcia RawlinsTAIPEI, April 7 (Reuters) - A senior U.S. lawmaker said on Friday he was doing everything possible to speed up the delivery of weapons to Taiwan, suggesting other countries that have the arms could sell them onto the island with U.S. government permission. Taiwan has since last year complained of delays to U.S. weapons deliveries, such as Stinger anti-aircraft missiles, as manufacturers turn supplies to Ukraine to support its defence against Russia. "On the weapons issue, I sign off on those deliveries and we are doing everything in our power to expedite this," he said, speaking at Taiwan's parliament where he met its speaker, You Si-kun. While China staged war games around Taiwan in August after then-Speaker Nancy Pelosi visited Taipei its reaction this time has been more muted.

☆ Republican Senator Rand Paul blocks bid to ban Chinese-owned TikTok
▼ + stars: | 2023-03-29 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

WASHINGTON, March 29 (Reuters) - U.S. Republican Senator Rand Paul on Wednesday blocked a bid to fast-track a ban of popular Chinese-owned social media app TikTok, which more than 150 million Americans use, citing concerns about free speech and uneven treatment of social media companies. Republican Senator Josh Hawley had sought unanimous consent for a TikTok ban bill. We're going to be just like China and ban speech we're afraid of?" Democratic Representative Alexandria Ocasio-Cortez in a TikTok video on Friday opposed a TikTok ban, calling it "unprecedented" and said Congress has not gotten classified TikTok briefings. Then President Donald Trump's attempts in 2020 to ban TikTok were blocked by U.S. courts.

TEGUCIGALPA, March 15 (Reuters) - Honduras' decision to seek official relations with China and cut them with Taiwan on Tuesday was about "pragmatism, not ideology," driven by rising debt and investment needs, Honduran Foreign Minister Eduardo Enrique Reina said on Wednesday. China does not allow countries to hold diplomatic ties with both itself and Taiwan as it claims Taiwan as its own territory with no right to state-to-state ties, which Taiwan disputes. Speaking on local television, Reina said Honduras was "up to its neck" in financial issues and debt - including the $600 million it owes Taiwan - and this had partly motivated Honduras' decision to open relations with China. Honduras' decision puts pressure on Taiwan ahead of a visit by Taiwan President Tsai Ing-wen to the U.S. and Central America. Honduras intends to keep trade ties with Taiwan, however, Reina added during his television appearance.

☆ China is scrambling to find pilots to fly from its growing aircraft carrier fleet
▼ + stars: | 2023-03-08 | by ( Michael Peck | ) www.businessinsider.com time to read: +5 min

China's fleet of aircraft carriers has grown quickly, expanding from one to three in a decade. To use that fleet effectively, China's navy also has to train pilots to operate carrier aircraft. "Starting in 2023, the Navy will select carrier-based aircraft pilots from fresh graduates from local ordinary colleges and universities," according to a Chinese navy brochure. Yet it takes more than ships to build an effective carrier fleet. In fact, the Chinese navy ended up copying a Russian carrier jet without permission to give its carrier program a boost.

☆ Communist China Party warns Musk against pushing Wuhan Covid lab leak
▼ + stars: | 2023-02-28 | 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 EmailCommunist China Party warns Musk against pushing Wuhan Covid lab leakCNBC's Eunice Yoon reports the risk of doing U.S. business in China.

☆ Democratic Rep. Judy Chu, the first Chinese American woman elected to Congress, blasts a Texas GOP congressman after he questioned her loyalty to the US: 'It is racist'
▼ + stars: | 2023-02-25 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

Judy Chu criticized Lance Gooden after he seemingly questioned her "loyalty" to the US on Fox News. "I think she has drug along the other Chinese American members to sign this letter. I very much doubt that he would be spreading these lies were I not of Chinese American descent." "Lance Gooden's slanderous accusation of disloyalty against Rep. Chu is dangerous, unconscionable and xenophobic," Jeffries said in a statement. Rep. Gooden accused Democrats of bringing up race after his criticism of Rep. Chu.

☆ Opinion: Why Beijing is cheering on the U.S. debt ceiling fight
▼ + stars: | 2023-02-02 | by ( Michael Farr | Dan Mahaffee | ) www.cnbc.com time to read: +1 min

The U.S. Capitol Building is seen on January 19, 2023 in Washington, DC. The contours of divided government in Washington are now clear: The main point of contention is the looming debt ceiling deadline, and the main area of agreement is addressing systemic competition with Communist China. Continued brinksmanship and extremism over the debt ceiling is only serving to undercut a key element of U.S. strength, as we call into question our very own financial and economic leadership. The 365-65 vote creating the House Select Committee on the Strategic Competition Between the U.S. and the Chinese Communist Party demonstrates this. Therefore, as the both sides in Washington seek to outdo each other on a tough-on-China approach, radicals on the debt ceiling are counterproductively undermining fundamental drivers of U.S. strength — the dominance of the U.S. dollar, U.S. financial institutions, and Wall Street.

☆ Elaine Chao, Trump-era transportation secretary and Mitch McConnell's wife, hits back at Trump for giving her the racist nickname 'Coco Chow'
▼ + stars: | 2023-01-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Former Transportation Secretary Elaine Chao has spoken out against Trump's attacks on her. Trump on Monday again referred to Chao as "Coco Chow" in a Truth Social post. Chao said the racist nickname said more about Trump "than it will ever say about Asian Americans." Chao released her statement after Trump in a Truth Social post on Monday once again referred to her by the nickname "Coco Chow." When approached for comment about Chao, Trump's spokesperson, Steven Cheung, told Politico: "People should stop feigning outrage and engaging in controversies that exist only in their heads."

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