Tag: China

NEWS

US Lawmakers Move To Reevaluate US Policy Towards China

WASHINGTON — A congressional reassessment of American policy towards China is expected to get underway in earnest early next month. In a 365-65 vote, the U.S. House of Representatives passed a resolution Tuesday creating a special Select Committee on China. House Speaker Kevin McCarthy has tapped Republican Representative Mike Gallagher to chair the committee’s work. “A lot of people are interested. […]

NEWS

China Arrests BBC Journalist Covering COVID Protests

LONDON — The BBC has said one of its journalists in China was arrested and beaten by police while covering protests on Sunday against the country’s zero-COVID policy. Hundreds of people took to the streets in China’s major cities on Sunday in a rare outpouring of public anger against the state. “The BBC is extremely concerned about the treatment of our […]

NEWS

UK Trade Minister Heads to Taiwan for Talks, Sparks China Rebuke

TAIPEI, TAIWAN — Britain announced Monday that a trade minister was heading to Taiwan for the first in-person talks since the coronavirus in a bid to strengthen ties with the island, a trip that sparked a rebuke from Beijing. Trade Policy Minister Greg Hands will co-host annual talks and meet with Taiwanese President Tsai Ing-wen during his two-day visit, the Department […]

NEWS

Analysts Fear Philippines May Be Drawn Into Taiwan-China Conflict

TAIPEI, TAIWAN — The Philippines would face difficult choices during a Taiwan-China conflict that could pit its growing interest in Chinese investment against its long-term relationship with its treaty ally, the United States, according to analysts. Manila might also find itself drawn into a conflict, whether it chooses to or not, due to the country’s proximity to Taiwan, they say. The […]

BUSINESS

Oil Prices Take A 3% Dip

Oil prices took a three percent dip at the close of last week as global recession fears and weak oil demand, especially in China, outweighed support from a large cut to the OPEC+ supply target. Brent crude futures dropped $2.94 to settle at $91.63 a barrel. U.S. West Texas Intermediate crude futures fell $3.50 to $85.61. Support The Readers Bureau […]

NEWS

Taiwan Says War With China ‘Absolutely’ Not An Option, But Bolstering Defenses

TAIPEI — War between Taiwan and China is “absolutely not an option,” Taiwan President Tsai Ing-wen said on Monday, as she reiterated her willingness to talk to Beijing and also pledged to boost the island’s defenses, including with precision missiles. Democratic Taiwan, which China claims as its territory, has come under increasing military and political pressure from Beijing, especially after Chinese […]

BUSINESS

China’s Yuan Sees Lowest Decline In Years

According to press reports, China’s yuan hits record lows against the surging U.S. dollar in recent trading. The internationally-traded yuan fell to its lowest level since data first became available in 2011. China’s domestic currency also reached its weakest point since the 2008 global financial crisis. It comes as the dollar continues to rise in value against other major currencies […]

NEWS

With New Sanctions, US Vows To ‘Severely Restrict’ Iran Oil Sales

The Biden administration explicitly links a fresh round of US sanctions to failure to restore the 2015 Iran nuclear agreement. Washington, DC – The Biden administration has announced a new round of sanctions against Iran, vowing to impose financial penalties on a “regular basis” in an effort to “severely restrict” Iranian oil and petrochemical exports. The measures announced on Thursday […]

NEWS

Pew Survey: Global Opinion Of China Has Deteriorated Under Xi 

WASHINGTON — As Chinese President Xi Jinping prepares to accept a precedent-breaking third term in office at a Communist Party summit in October, a new study of global public opinion trends shows how views of China in the United States and other advanced economies have declined throughout his tenure. In recent years, those declining views worsened following Beijing’s mishandling of […]