Monthly Archives: July 2018

China shares drop, yuan falters on new U.S. tariff threats

  SHANGHAI (Reuters) – China’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest move, which comes just days after […]

China urges domestic firms to boost non-American imports as trade war with US escalates

Beijing has called on Chinese firms to substitute American imports with those from other countries in response to US trade tariffs. According to the Ministry of Commerce, China considered the substitution of imports and the overall impact on trade and investment while making up a list of US goods hit by import duties. “We encourage […]

China Thinks It Can Defeat America in Battle

But Beijing doesn’t seem to take into account U.S. submarines. The bad news first. The People’s Republic of China now believes it can successfully prevent the United States from intervening in the event of a Chinese invasion of Taiwan or some other military assault by Beijing. Now the good news. China is wrong—and for one […]

US should ‘destroy’ China’s military assets in South China Sea, Sen. Rubio says

US should ‘destroy’ China’s military assets in South China Sea, Sen. Rubio says Sen. Marco Rubio suggested in an interview last week that the U.S. should seek to “destroy” China’s new military outposts on various disputed island territories throughout the South China Sea. The senator said that neutralizing China’s dominance in the region is critically […]

Remarks on the 2nd Anniversary of the Arbitral Award (Kasarinlan Foreign Policy Forum) ~ Justice Antonio T. Carpio

Among coastal states in the South China Sea, the most important aspect of the Award is the ruling that China’s so-called historic nine-dashed line cannot serve as legal basis to claim any part of the waters or resources of the South China Sea. China, like all the other coastal states in the South China Sea, can only claim maritime zones not exceeding 350-NM from its coastline. The Award in effect affirmed the existence of high seas in the South China, comprising about 25 percent of the waters of the South China Sea, and all around these high seas are the EEZs of the adjacent coastal states. In the EEZs, all the fish, oil, gas and other mineral resources can be exploited solely, and exclusively, only by the adjacent coastal state.

Inside China’s Dystopian Dreams: A.I., Shame and Lots of Cameras

A video showing facial recognition software in use at the headquarters of the artificial intelligence company Megvii in Beijing.CreditGilles Sabrie for The New York Times ZHENGZHOU, China — In the Chinese city of Zhengzhou, a police officer wearing facial recognition glasses spotted a heroin smuggler at a train station. In Qingdao, a city famous for […]