U.S. officials were acutely aware that Beijing was trying to obtain America’s premiere nuclear reactor technology, including through illicit hacking, months before Hunter Biden and his business partners sought to arrange a quiet sale of an iconic U.S. reactor company to a Chinese firm, according to court records and national security experts.
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While his father was still vice president, Hunter Biden and his business partners tried unsuccessfully to help a Chinese energy firm acquire one of the United States’ premier nuclear technology companies in a secret attempt to “control” the global market, according to new evidence turned over to Congress in President Joe Biden’s impeachment inquiry.
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A bill to require the Chinese company Bytedance to divest its stake in TikTok within 165 days or face a ban on the popular smartphone application in the U.S. passed on the House floor in a bipartisan vote on Wednesday.
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A GOP-led House committee has unanimously passed a bill that attempts to ban TikTok nationwide on all electronic devices.
The bill passed the House Energy and Commerce Committee on Thursday and could get a final vote as early as next week, amid concerns about the China-based owner of the popular, short-form video platform giving user data to the Chinese Communist Party.
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Chinese investors are racing to put funds in offshore assets as Beijing fails to successfully prop up the country’s ailing economy, according to Reuters.
China’s Qualified Domestic Institutional Investor program, which serves as an avenue for investors in the country to buy foreign securities, jumped 50% in January year-over-year, butting up against the $165.5 billion limit that Beijing has set on the fund, according to Reuters. Li Qiang, China’s premier, announced on Tuesday steps to transform the country’s development model and increase growth that has failed to pick up since the COVID-19 pandemic, with factors like deflation, poor household consumption and huge real estate debts dragging down the economy.
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The Biden administration announced Thursday it will investigate Chinese-made “smart cars,” citing national security risks and surveillance concerns.
The investigation will center around concerns that Beijing could use Chinese smart cars inside the U.S. to collect information on the driver and the area surrounding the vehicle, according to the White House. U.S. intelligence agencies have warned that China has capabilities allowing it access to a score of key infrastructure systems, which could potentially be exploited in the event of a global emergency.
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An Alliance for American Manufacturing report called for tariffs to protect the U.S. electric vehicle market from an “extinction-level event” caused by Chinese competitors.
The report follows Chinese EV maker BYD, the world’s largest EV maker, releasing a $14,000 EV in February that could “demolish” domestic EVs, often $40,000 more expensive.
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Republican lawmakers and a former immigration official are sounding a new alarm about the national security threats facing the U.S. at the U.S.-Mexico border.
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The recessions currently plaguing several major countries around the world could be what drags the U.S. into an economic downturn of its own, experts told the Daily Caller News Foundation.
Germany announced on Monday that it fell into a technical recession in the fourth quarter of 2023, after reporting its second month in a row of negative growth, following several other top nations experiencing economic difficulties. While the U.S. has managed to avoid a recession due to its size and diverse industries, foreign economic malaise may drag the U.S. economy down through changes to trade and global inflation that would lead to a loss for American businesses, experts told the Daily Caller News Foundation.
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A politically-connected Midwestern nonprofit focused on “building bridges” with China has extensive ties to groups and individuals who are affiliated with the Chinese Communist Party’s (CCP) influence arm, the Daily Caller News Foundation has found.
The Missouri-based United States Heartland China Association (USHCA), a 501(c)3 bipartisan organization, characterizes its mission as “building bridges and promoting opportunities” between U.S. officials and businesses in Midwestern states and China. USHCA runs a number of U.S.-China programs, including agricultural roundtables, business seminars, student forums and political junkets to China.
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