China Preparing to Expropriate Foreign-Held Tech Shares

“What do investors need to understand, for those investors that are thinking maybe I want to dip my toe in investing in Chinese companies?” asked Maria Bartiromo on July 14, during her Fox Business show, “Mornings with Maria.”

The answer is that Beijing is on the road to expropriating the shares held by foreigners in China’s tech companies. The complicated financial structures these companies have used to attract foreign investment are questionable under Chinese law and give Xi Jinping, the Chinese ruler, an excuse now to begin a confiscation campaign.

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China accused of cyber-attack on Microsoft Exchange servers

The UK and EU have accused China of carrying out a major cyber attack earlier this year.

The attack targeted Microsoft Exchange servers, affecting over a quarter of a million servers around the world.

The EU was the first to put out a statement saying the attack came from “the territory of China”, while the UK said Chinese state-backed actors were responsible. The US is expected to follow suit.

The countries have also said the Chinese Ministry of State Security was responsible for other espionage activity.

h/t DM

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Reasons to be fearful of China’s data-gathering

 

In her column (What does the Chinese military want with your unborn baby’s genetic data?, 10 July), Arwa Mahdawi suggested that the alleged involvement of the People’s Liberation Army (which is directly answerable to the Chinese Communist party) with BGI’s data-gathering (likewise answerable as a China-based company) is essentially equivalent to data-gathering by western companies. To suggest that the former case is worse, she argued, “smacks of Sinophobia”.

As a scholar of China, I cannot agree.

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How A ‘Green’ America Would Fuel China’s Growing Coal And Uyghur-Exploiting Solar Industries

President Joe Biden inherited an America that was a net energy exporter, something that had not been achieved even once in his 44 years in federal office. The GOP’s energy strategy was, quite simply, working. The results were not just lower energy prices and independence from unstable or adversarial countries; this also helped us lower carbon emissions.

As the International Energy Agency reported last year, the United States in 2019 led the world with the biggest one-year reduction in energy-related CO2 emissions, and since 2000 (our peak emissions year), we have had the greatest absolute drop in emissions reductions of any nation.

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False Labelling in COVID Origin Scrutiny Reminiscent of Climate Change Debate, Observers Say

Labelling of virus lab leak theory as a conspiracy was shaped by influential figures with a conflict of interest; some see that as a lesson for other scientific debates

The way the discussion on the origin of COVID-19 was derailed by conspiracy labelling reminds environmental economist Ross McKitrick of the debate around climate change.

“There are ideas that were never disproven and actually have a lot of evidence to support them, but for political reasons and cultural reasons within the university they just aren’t looked at,” McKitrick, a professor at the University of Guelph, said in an interview.

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China Threatens Nuclear War if U.S. Continues Investigating COVID-19 Origins

What is it Beijing’s leaders fear?

The Chinese are warning about an impending nuclear war if the United States does not cease its investigation into the origins of the COVID pandemic. They warn that the Americans must call off their probe into the sources of the disease — a warning which has prompted many American analysts to conclude that the leaders in Beijing fear discovery of the truth: that they — the Chinese Communists — are the source of the pandemic.

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Poll: 63% of Americans Believe China Should Pay Pandemic Reparations

Sixty-three percent of Americans believe the Chinese Communist Party (CCP) should pay pandemic reparations, according to a TIPP poll released Tuesday conducted for the Center for Security Policy.

“That number rises from 63 percent to 78 percent if investigations reveal that the Chinese government released the SARS-CoV-19 human coronavirus on purpose,” the survey results detailed.

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Afghan Withdrawal Opens the Way for China

The indecent haste with which the Biden administration has undertaken its military withdrawal from Afghanistan not only raises the prospect of handing control of the country over to the hardline Islamist Taliban movement. It also presents China with a golden opportunity to extend its influence over this strategically important Central Asian country.

China, which shares a tiny 47-mile-long border with Afghanistan, has long coveted developing closer ties with Kabul, not least because of the large, untapped reserves of mineral wealth that Afghanistan possesses.

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Beijing and the Taliban Are Friends, Brags Global Times Editor

As the United States withdraws its remaining troops from Afghanistan, the Chinese communist regime is starting to make moves to expand its influence in the war-torn country.

On July 6, U.S. Central Command announced that the U.S. troop withdrawal from Afghanistan was more than 90 percent complete. The Taliban then began to attack and capture territory. At the same time, the Taliban said publicly that it sees China “as a friend” for the reconstruction of Afghanistan.

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With China Producing Half the World’s New Energy Vehicles, Retired Batteries May Bring ‘Explosive Pollution’

As China’s new energy vehicle production grows rapidly, with half of global production now coming from China, the huge amount of retired batteries could bring “disastrous” environmental problems and “explosive pollution,” says state-owned media Xinhua.

According to Xinhua, the cumulative retired batteries in China will had reached 200,000 tons (about 25 GWh) in 2020 and will grow to 780,000 tons (about 116 GWh) by 2025.

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Tesla’s Struggle In China Is A Warning To All Western Companies

Last week, on the Communist Party’s 100th anniversary, Chinese state media Xinhua News posted a tweet featuring a quote from Chinese leader Xi Jinping’s, including his claim that China had eliminated poverty and “we are now marching in confident strides toward the second centenary goal of building China into a modern socialist country in all aspects.”

Many international users responded with sarcasm, questioning the CCP’s human rights record. Yet Elon Musk, CEO of Tesla and SpaceX, responded with a tweet, showering the CCP with over-the-top praise: “The economic prosperity that China has achieved is truly amazing, especially in infrastructure! I encourage people to visit and see for themselves.”

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The Latter Day Lord Haw Haw’s in China’s disinformation drive

The foreigners in China’s disinformation drive

Foreign video bloggers denouncing what they say is negative coverage of China on highly controversial subjects such as Xinjiang are attracting large numbers of subscribers on platforms like YouTube.

In recent years, the “vloggers” have been increasingly presenting themselves as China-lovers, spreading Communist Party disinformation.

YouTube labels Chinese state media like broadcaster CGTN as government-funded. But there is little policing when it comes to individuals promoting similar narratives.

Some vloggers are suspected of co-operating with state-owned outlets to spread China’s rhetoric to the world. But it’s far from clear what really motivates them, or how effective this strategy is.

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An alternative view about the threat China presents

An alternative view about the threat China presents

Yesterday, I wrote that China is giving every indication that it intends to go on the attack in the Pacific, against Taiwan, and even against America.  However, two things that I read provide a different way of looking at China’s huffing and puffing.  It may not actually be able to blow the world’s house down — although it still wins if the world responds as if China were, in fact, capable of that kind of destruction.

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