11-03-China Watch More News

‘China Wants to Get Rid of the US’: Beijing Spending Hundreds of Billions to Undermine America– www.cbn.com
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RIO DE JANEIRO, Brazil and NAIROBI, Kenya – China is aggressively expanding its global influence, specifically through control of key shipping ports.

It’s part of Beijing’s ongoing agenda to use economic, military, and infrastructure projects as leverage to overtake the United States as the world’s leading superpower. CBN News traveled to Brazil and Kenya for a closer look at China’s growing influence around the world.

What is clear from experts though is that China wants to dominate the high seas, and so far, it’s succeeding. Seven of the world’s largest shipping ports are in China, with the Port of Shanghai topping the list

It’s the ports outside of the country’s borders, though, that retired Rear Admiral Mark Montgomery tells CBN News concerns Washington and its allies the most.

“China’s primary goal is access,” said Montgomery. “Access for resource extraction, access to displace the United States position, access for future operations, but that access acts as the long-term goal of China displacing the United States as the economic partner of choice globally.”

‘Kill web’: China’s warship crushes US fleet in sci-fi-style drone war simulation – Interesting Engineering
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A Chinese simulation allegedly showed that a single Type 055 destroyer and escort could weather an Arleigh Burke-class destroyer missile bombardment. The war game was set in the western Pacific, just a few hundred kilometers east of Taiwan.

During the simulation, a single Type 055 was tested against no less than eight Arleigh Burke’s. The Chinese destroyer was not alone; it was accompanied by unmanned drone mothership vessels.

These motherships were equipped with 32 drones and 14 unmanned boats. During the simulation, the American ships launched 32 Tomahawk and LRASM stealth anti-ship missiles, all aimed at the Type 055.

President Donald Trump signed an order that creates a government-owned sovereign wealth fund which he suggests might be used for purchasing TikTok. The fund must be approved by congress as it is new federal spending as opposed to the allocation of resources already granted by congress.

Trump signs order to create sovereign wealth fund in United States, possibly to buy TikTok – UPI News
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President Donald Trump on Monday ordered the creation of a government-owned sovereign wealth fund of financial assets, which he said possibly could be used to buy TikTok.

Trump designated Treasury Secretary Scott Bessent and Commerce secretary nominee Howard Lutnick to create and lead such a fund. The new fund would take approval from Congresses, which normally approves federal spending, Axios reported.

A potential trade war 2.0 could be setting off between China and the U.S. as China has responded to President Donald Trump’s 10% import tariff on ALL Chinese goods with tariffs of their own.

These tariffs include a 15% tariff on U.S. coal and a 10% tariff on crude oil, farm equipment, and select vehicles. In addition to that, numerous investigations into U.S. companies have been announced, with Alphabet Inc being the biggest of those targeted companies.

China hits back with tariffs on U.S. goods– japantoday.com
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China on Tuesday slapped tariffs on U.S. imports in a swift response to new U.S. duties on Chinese goods, renewing a trade war between the world’s top two economies as President Donald Trump sought to punish China for not halting the flow of illicit drugs.

Trump’s additional 10% tariff across all Chinese imports into the U.S. came into effect at 12:01 a.m. on Tuesday.

Within minutes, China’s Finance Ministry said it would impose levies of 15% for U.S. coal and LNG and 10% for crude oil, farm equipment and some autos. The new tariffs on U.S. exports will start on Feb 10, the ministry said.

China also said it was starting an anti-monopoly investigation in Alphabet Inc’s Google, while including both PVH Corp, the holding company for brands including Calvin Klein, and U.S. biotechnology company Illumina on its “unreliable entities list”.

Separately, China’s Commerce Ministry and its Customs Administration said it is imposing export controls on tungsten, tellurium, ruthenium, molybdenum and ruthenium-related items to “safeguard national security interests”. China controls much of the world’s supply of such rare earths that are critical for the clean energy transition.

Under President Donald Trump, the DOJ arrested former senior Federal Reserve advisor John Harold Rogers, 63, for allegedly stealing trade secrets from the U.S. agency that controlled China’s access to U.S. markets. He took those trade secrets and gave them to his CCP handlers.

Former Federal Reserve Adviser Arrested for Allegedly Passing US Trade Secrets to China – NTD
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Prosecutors on Jan. 31 arrested a former senior Federal Reserve advisor, accusing him of stealing trade secrets from the agency that could allow China to manipulate the U.S. market.

John Harold Rogers, 63, worked for 11 years as a senior advisor for the international finance division of the Federal Reserve Board of Governors, the main governing body for the U.S. central bank.

A federal indictment alleged that Rogers began working with Chinese conspirators since at least 2018. The Chinese handlers worked for the Chinese intelligence and security apparatus and posed as graduate students at a Chinese university, according to the filing.

Rogers, in the collaboration, allegedly solicited trade-secret information that included proprietary economic data sets, China tariff deliberations, and briefing books for specific board governors. He also allegedly solicited internal discussions and forthcoming announcements from the Federal Open Market Committee (FOMC), a 12-member body consisting of the seven Federal Reserve board of governors, the New York Federal Reserve Bank president, and four of the remaining 11 Reserve Bank presidents that rotate on an annual basis.

With the inclusion of Elon Musk to President Donald Trump’s cabinet, it is no surprise to this writer that Trump appears to be softening his position on China. Musk, whose company Tesla recently lobbied the EU to protect China’s EV industry from tariffs, has a vested interest in U.S.-China relations remaining good. The one fly in the ointment might be Trump’s aggressive push to get China out of the Panama canal.

So far, Trump has softened his position on tariffs, though he continues to threaten China if they fail to stop delivering fentanyl to Mexico they will face daunting tariffs. China sent their VP, Han Zheng, to the inauguration, but the VP also met with Elon Musk to work out a deal between the CCP and Musk’s EV company, Tesla, which operates factories in China and hopes to sell to the China market.

China’s official meets with Elon Musk as Trump begins second term · TechNode– technode.com
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Chinese Vice President Han Zheng on Jan. 19 called on US businesses to help boost trade relations between the rival countries in a meeting with Elon Musk, chief executive of Tesla and a member of Trump’s incoming administration, in Washington.

Why it matters: The meeting came just a day before Donald Trump took office for his second term as President of the United States on Monday at the US Capitol.

  • Han, who represented China at Trump’s inauguration, used the visit to also meet with new US Vice President JD Vance, as well as business leaders from US companies such as FedEx and Visa, according to a Bloomberg report.
15 Ways Trump Is a China Dove, Part 2 | American Enterprise Institute– www.aei.org
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Commentary: China has invested billions in ports around the world. This is why the West is so concerned– www.channelnewsasia.com
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Billions of dollars in value were lost in the tech market, which also includes the Chinese tech market, after a Chinese-owned tech company released a powerful AI reasoning model called DeepSeek that is far cheaper and a little more powerful than current AI models like ChatGPT. The world’s richest 500 people lost over $100 billion after the market responded to the stunning news.

Marc Andreesen, who created Netscape Navigator, called the release “AI’s Sputnik moment,” referring to the shock in America when, in 1959, the Soviet Union successfully launched a space satellite called Sputnik at a fraction of the cost of then-current U.S. programs. Donald Trump said of the “Sputnik moment,” that it “should be a wake-up call for our industries that we need to be laser focused on competing to win.”

DeepSeek AI Triggers A Collective Loss of $94 Billion In Wealth Of Tech Billionaires, Mark Zuckerberg And Jeff – Times Now
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DeepSeek AI has taken the tech industry by storm with its cost and resource-effective advanced-language model. DeepSeek engineers claim that their open-source language learning model utilises fewer and cheaper chips to perform the same tasks as any other AI model out there at a ‘shoestring cost’ of $5.6 million. This has led many investors to rethink why a significant capital investment is required to build the strongest models when a competent AI model has been developed at a fraction of development costs.
DeepSeek AI is reportedly outperforming ChatGPT in areas such as mathematics and coding, positioning itself as a new competent AI model. The Chinese AI startup quickly emerged as the no.1 free app on the iOS app store, emerging as a free alternative against ChatGPT. DeepSeek performs all the functions of an open-source AI language learning model by utilising just 2000 chips, DeepSeek engineers reported. Whereas ChatGPT required 10,000 Nvidia GPUs to process its training data.
DeepSeek AI was founded in 2023, by Liang Wenfeng. Headquartered in Hangzhou, China, this new AI model is set to revolutionise the tech industry as it has successfully developed artificial general intelligence at a comparatively low cost…
As per a report by Bloomberg, billionaires tied to artificial intelligence suffered losses. Huang’s wealth decreased by $20.1 billion, a 20% decline, while Oracle Corp. co-founder Larry Ellison’s $22.6 billion loss was greater in absolute figures, yet only accounted for 12% of his total fortune, as per the Bloomberg Billionaires Index. Michael Dell of Dell Inc. saw a $13 billion decrease in his wealth, while Binance Holdings Ltd. co-founder Changpeng “CZ” Zhao lost $12.1 billion.

AI company proposes merger with TikTok giving US 50% stake– www.washingtonexaminer.com
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Startup Perplexity AI made its second bid to buy TikTok, this time with a proposal to have the U.S. government own 50% of the platform.

Lawmakers have long opposed TikTok’s algorithm since its parent company, ByteDance, is Chinese-owned. A ban went into effect as expected on Jan. 19, but the app was back online hours after TikTok stopped service in the United States.

The latest proposal was reported by a source who said they were unauthorized to speak on it publicly, per the Associated Press. Perplexity AI is suggesting an initial public offering of at least $300 billion in its second try to win over the platform.

The startup made an offer on Jan. 18 before the app temporarily went dark, but TikTok did not accept.