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☆ China just showed off its answer to America's F-35 stealth fighter — the new J-35A
▼ + stars: | 2024-11-12 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

China showed off its new stealth aircraft, including the fifth-gen J-35A. AdvertisementChina just debuted its newest fifth-generation stealth aircraft, which appears to be its answer to the American F-35. Related storiesFor stealth fighters, the US has the F-22 Raptor and F-35, and the latter is used by allies around the world. Among stealth aircraft, there are also stealth bombers like the American B-2 Spirit and B-21 Raider and a number of stealth drones. Stealth aircraft have features to reduce or obscure their signature on radars, making them difficult to detect.

Persons: —, Lockheed Martin, Wang Yongqing, Wang, Maj, Gina Sabric, Roger Wicker, Eric Schmitt Organizations: Service, China International Aviation, Aerospace, People's Liberation Army News Communication, Shenyang Aircraft Design, Aviation Industry Corporation of China's Shenyang Aircraft Corporation, Pentagon, Air Force, Air and Space Forces Association's Air, Cyber Conference, 10th Air Force, Getty, US, US Air Force, Stealth, Taiwan Locations: China, Zhuhai, Russia, Pacific, Taiwan

☆ Former Chinese central banker took ‘extraordinarily massive’ bribes, state media says
▼ + stars: | 2024-01-11 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Fan Yifei, a disgraced former Chinese central banker, has admitted making a “huge mistake” in comments aired as part of a documentary by state broadcaster CCTV that alleges he accepted massive bribes from the beginning of his tenure. It described how he had received “extraordinarily massive” payments from executives of various companies in exchange for favors after taking up the PBOC’s second-highest position. “I wanted to possess great power, and at the same time, to be rich,” Fan said in the documentary. “I made a huge mistake.”According to CCTV, Fan accepted payments from businesspeople through his brother’s investment company. In addition to Fan’s case, the CCTV documentary exposed graft at a state-owned energy investment group and at the highest levels of Chinese sport.

Persons: Fan, Xi Jinping, “, Qian Long, Liu Liange, Wang Bin, Tang Shuangning, Tang, Wang Yongsheng, Wang, Li, China’s Organizations: Hong Kong CNN, People’s Bank of China’s, Central Commission, Xinhua, Communist Party, National Supervisory Commission, of China, China Life Insurance, China Everbright, China Development Bank, China Daily, soccer team, China’s Twitter Locations: China, Hong Kong, Xinhua, Weibo

☆ China weighs options to blunt U.S. sanctions in a Taiwan conflict
▼ + stars: | 2023-10-20 | by ( Eduardo Baptista | ) www.reuters.com time to read: +10 min

"In the context of intensified Sino-U.S. strategic competition and the Taiwan Strait conflict, we should be wary of the U.S. replicating this financial sanction model against China," wrote Chen Hongxiang, a researcher at a branch of the People's Bank of China (PBOC) in eastern Jiangsu province. Wang and several PBOC researchers wrote in articles that if the U.S. implemented Russia-style sanctions on China, Beijing should freeze U.S. investment and pension funds and seize the assets of U.S. companies. ENERGY AND ALLIANCESBesides financial sanctions, Russia's response to Western pressure on its oil, gas, metals, and chips industry has given food for thought to Chinese researchers. Chinese researchers also suggested Beijing exploit cracks within the European Union and between the U.S. and its allies. "The mutual penetration of the Chinese and American economies will inevitably weaken the willingness to impose financial sanctions," he wrote.

Persons: Thomas Peter, Chen Hongxiang, Xi Jinping, Yu Yongding, Yu, PBOC, Wang Yongli, Wang, Sun, Mou Lingzhi, Xia Fan, Ye Yan, Martin Chorzempa, Chorzempa, Chen, Eduardo Baptista, David Crawshaw Organizations: REUTERS, Rights, U.S, Moscow, China, People's Bank of China, Reuters, Senior U.S, People's Liberation Army, China National Knowledge Infrastructure, China International Futures, U.S ., China Center for International Economic, Shanghai Academy of Social Sciences, China Minmetals Corporation, London Metals Exchange, Oil and Gas Exploration, Development Company, European Union, Peterson Institute for International Economics, EU, Thomson Locations: Fuzhou, Taiwan, Matsu, China, Rights BEIJING, Russia, Ukraine, Jiangsu, Beijing, Russian, U.S, Hainan, Washington, United States

During her first day of meetings in Beijing, Treasury Secretary Janet L. Yellen criticized punitive measures the Chinese government has taken against American firms. I’ve made clear that the United States does not seek a wholesale separation of our economies. Ms. Yellen conveyed her objections to China’s top officials, including Premier Li Qiang, in what was the first visit to China by a Treasury secretary in four years. A Treasury Department official said Ms. Yellen had discussed the outlook for the economy in an informal discussion with her former counterparts that lasted more than an hour. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” Ms. Yellen said.

Persons: Janet L, Yellen, I’ve, Biden, Yellen’s, Li Qiang, Ms, “ I’ve, Mark Schiefelbein, Wang Yong, Wang, ”, Shi Yinhong, “, China’s, Michael Hart, “ We’ve, Mr, Hart, Liu He, Yi Gang, Li, Li’s, ” Claire Fu, Christopher Buckley Organizations: U.S, American Chamber of Commerce, Boeing, Bank of America, Cargill, Group, Bain & Company, Beijing, Biden, of, People, ., Center for American Studies, Peking University, “, Renmin University, U.S . State Department, Chamber of Commerce, Treasury, People’s Bank of China, Treasury Department Locations: Beijing, United States, China, American, Shanghai, U.S, States

☆ China eyes Blinken's visit this week with deep distrust toward the US
▼ + stars: | 2023-06-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“The coverage of Blinken’s visit in China is not nearly as extensive or enthusiastic as it has been in the West,” said Yun Sun, director of the China Program at the Stimson Center, a think tank in Washington. (Chinese experts say it was because the US failed to lift sanctions on Li, imposed in 2018 over China’s purchase of Russian weapons.) China cut off talks with US military commanders following former US House Speaker Nancy Pelosi’s visit to Taiwan last August. Zhao said China has adopted “a brinkmanship policy” to highlight the risk of military confrontation to the US. Wang, the expert at Peking University, said Blinken’s long-delayed visit is the “last chance” to repair ties with China before the US election next year.

Persons: Antony Blinken, Washington, Blinken, Qin Gang, State Department –, ”, Yun Sun, “, “ We’re, ” Daniel Kritenbrink, Trump, Wang Yong, Biden, Joe Biden, ” Wang, Tong Zhao, Lloyd Austin, Li Shangfu, Li, Nancy Pelosi’s, Zhao, ” Zhao, ‘, Blinken’s, Janet Yellen, John Kerry, Sun, ” lockdowns, Xi Jinping’s, Xi, Wang Organizations: Hong Kong CNN, China’s, State Department, Biden, China Program, Stimson, State, Peking University, Foreign Ministry, Carnegie Endowment, International, Defense Locations: China, Hong Kong, Beijing, Washington, East Asia, Taiwan, South China

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