EVERYTHING You Need to Know About China & Xi Jinping | Aaron Bastani meets Olivia Cheung
“You are Chinese and a characteristic of being Chinese is embracing the Chinese Communist Party.”
https://www.youtube.com/watch?v=0K1INaqj1Ik
Tag: China
The Idea of China
On global public issues, China is taking positions based on what it thinks will benefit it most and hurt the West by propagandisticly appealing to the world.
https://www.youtube.com/watch?v=WNJ93FfWVBY
Why Taiwan Matters to the US and the World
Europe hoped for a nice China that would trade with the world and be satisfied. But China did not become that country. They steal territory and are preparing for war while helping Russia in their invasion of Ukraine.
https://www.youtube.com/watch?v=-Xj423eEY60
China showcases lunar reach as space powers meet without Russia
China showcases lunar reach as space powers meet without Russia
https://finance.yahoo.com/news/moon-race-private-competition-focus-040555551.html
China threatens Taiwan with more trade measures after denouncing president’s speech
“China, which views democratically governed Taiwan as its own territory, detests Lai as a “separatist”. Lai and his government reject Beijing’s sovereignty claims, saying only Taiwan’s people can decide their future.
On Thursday at his keynote national day speech, Lai said the People’s Republic of China had no right to represent Taiwan, but that the island was willing to work with Beijing to combat challenges like climate change, striking both a firm and conciliatory tone, drawing anger from China.
The Saturday announcement from China’s commerce ministry could portend tariffs or other forms of economic pressure against the island in the near future.
China’s Taiwan Affairs Office, which on Thursday said that Lai’s speech promoted “separatist ideas” and incited confrontation, responded to the announcement by saying the fundamental reason behind the trade dispute was the “DPP authorities’ stubborn adherence to the stance of ‘Taiwan independence'”.
“The political basis makes it difficult for cross-Strait trade disputes to be resolved through negotiation,” it added.
In May, China reinstated tariffs on 134 items it imports from Taiwan, after Beijing’s finance ministry said it would suspend concessions on the items under a trade deal because Taiwan had not reciprocated.
The Cross-Strait Economic Cooperation Framework Agreement (ECFA) between China and Taiwan was initially signed in 2010 and Taiwanese officials had previously told Reuters that China was likely to pressure Lai by ending some of the preferential trading terms within it.”
https://www.yahoo.com/news/china-threatens-taiwan-more-trade-075316245.html
The US Navy is burning through missiles in the Middle East that it would need in a war with China
“US Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats.
The Standard Missile-3 (SM-3), a key air-defense interceptor made by RTX and, for some variants, Mitsubishi Heavy Industries, was first used in combat in April to shield Israel from an unprecedented attack, and then it saw combat again in October when Iran attacked a second time. The weapons, which can cost between $10 million and almost $30 million depending on the variant, were fired by American destroyers in the area.
Navy leadership has said that it needs many more SM-3s to counter threats in the Pacific, like China, but it’s burning through these weapons in conflicts in the Middle East without sufficient plans to replace them.
Archer Macy, a retired Navy admiral, told Business Insider that the SM-3 is particularly important in a fight with China because the interceptor is designed to counter China’s “apparent preference for long-range theater weapons.””
https://www.yahoo.com/news/us-navy-burning-missiles-middle-080001046.html
Defining Success: Does the U.S. Need an ‘End State’ for its China Policy?
The U.S. needs to pull together its different resources in different domains to successfully compete against China, including not just militarily, but taking an active diplomatic and economic role in Asia.
https://www.youtube.com/watch?v=1shff8rVn-k
China’s weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Surely, Trump won’t dishonestly take credit for this.
“The oil market could see a major supply glut in 2025 thanks to booming production from non-OPEC states like the US and sagging demand in China, according to the International Energy Agency.
The IEA said in its November Oil Market Report that the world’s oil market is on track for a one-million barrel-a-day surplus next year.
The excess is largely being driven by a weakening economy in China. Demand for oil in the world’s second-largest economy contracted for six straight months in a row as of September, IEA data shows. This accounted for the “main drag” on demand this year, the report said.
Meanwhile, the agency is predicting strong oil production among non-OPEC producers led by countries like US, Guyana, Argentina, and Brazil.
Altogether, non-OPEC producers are on track to expand oil production by 1.5 million barrels a day, it estimated. That amount is more than the agency’s forecast for world oil consumption to grow by 990,000 barrels a day next year.”
…
“The US has become the largest oil producer in the world, pumping out more crude than any other country in history for the last six years in a row, according to the US Energy Information Administration. Domestic production hit a record 13.4 million barrels a day in August, according to data from the Energy Information Administration.”
https://www.yahoo.com/finance/news/chinas-weak-economy-record-us-042533492.html
Aftermath of Trump’s win eclipses Chinese solar project in Texas
“Trina Solar was in line to receive nearly $1.8 billion in tax credits under President Joe Biden’s climate law, as one of several Chinese solar businesses setting up factories in the United States to benefit from the incentives in the Inflation Reduction Act. But President-elect Donald Trump has vowed to dismember Biden’s climate agenda, and has called for taking a hard line against economic competition from China.
Trina said Trump’s victory had “nothing to do” with the sale of the factory near Dallas to the Georgia-based battery manufacturer Freyr.
“Rather, it is based on the company’s long-term growth in the country,” a spokesperson said in a statement.
But analysts said the news illustrated the impact of Trump’s victory on energy markets.”
https://www.politico.com/news/2024/11/11/chinese-solar-giant-america-biden-windfall-trump-00188598
Most Chinese E.V. Firms Are Unprofitable. Local Governments Keep Propping Them Up Anyway.
“most Chinese E.V. companies are still reliant on subsidies. As corporate earnings reports show, only BYD Auto has managed to make a profit.”
https://reason.com/2024/09/24/most-chinese-e-v-firms-are-unprofitable-local-governments-keep-propping-them-up-anyway/