While the Trump administration takes tough measures to limit Chinese state-run companies' access to U.S. technology and market, the European Union is in the final stages of signing a major investment pact with Beijing by the end of 2020.
Beijing wants a "reset" in U.S.-China relations when the "incoming" Democratic administration takes office, the Chinese foreign minister said.
China is the single biggest threat to the United States and the free world in our times, a leading U.S. intelligence official warned this week. "Beijing intends to dominate the US and the rest of the planet economically, militarily and technologically," U.S. National Intelligence director John Ratcliffe wrote in an op-ed for the Wall Street Journal on Thursday.
A day after congratulating Democratic candidate Joe Biden on his supposed "victory" in the U.S. presidential election, Communist China has escalated its trade war with Australia, a key American ally in the Asia-Pacific.
As President Donald Trump's first term comes to a close, his administration is stepping up pressure on the China's Military establishment. The White House has added four more China-based companies to the list of "Communist Chinese military companies," making them off-bounds for American investors and financial institutions.
With mainstream news outlets tripping over themselves to declare Democratic candidate Joe Biden the winner of the U.S. presidential election, rogue states, terrorists, and hostile foreign powers are breathing a sigh of relief. Ignoring President Donald Trump's legal challenge in several battleground states, they cheered the media-orchestrated coronation of the Biden-Harris ticket.
Japan is offering financial incentives to its companies willing to divest from China. Tokyo has "offered a group of 87 companies subsidies totaling US$653 million to expand production at home and in Southeast Asia," Hong Kong newspaper the South China Morning Post reported on Wednesday. China is getting increasingly worried "as Japan bankrolls exodus of firms," the daily added.
