Andrew and Bill discuss Xi Jinping Thought on Party Building, MOFCOM and the Ministry of Finance announced restrictions on several dozen US firms, the global memory chip shortage is an opportunity for CXMT and YMTC, what to make of the U.S. government's scrutiny of ASML and Elon Musk's alarmism at the Westās China vulnerabilities.
The EU's goods trade deficit with China exceeds ā¬300 billion (US$342.76 billion). Brussels and Beijing do not view each other as existential security threats. China has moved rapidly up the value chain, showing world-class competitiveness in digital innovation and the ānew threeā green technologies. Europeās firms now face intense competition from Chinese companies both in the Global South and within the European single market itself. To manage this newly competitive dynamic, the EU and China should make a grand bargain.
The three-day "Building Resilient Democracies: Responding to Transnational Repression" workshop kicked off June 23 in Taipei City under the Global Cooperation Training Framework. It involves experts, law enforcement officials and nongovernmental organization representatives from 29 countries. Participants will focus on how authoritarian regimes are using digital technologies to influence democracies around the world.
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Hong Kong and mainland China are both expected to enter the top 10 for the worldās most ageing economies by 2050. South Korea, Japan, Poland, Spain, Italy, Germany, Austria and Portugal are also expected to remain or enter the list. Pharmaceutical and biotechnology sectors could end up the biggest winners from the demographic divide. Carmakers and technology hardware manufacturers may see fiercer headwinds.
Ola KƤllenius, Vorstandsvorsitzender von Mercedes-Benz, erklƤrte auf der Auto China 2026 in Peking. Arnd Franz, CEO des Stuttgarter Zulieferers Mahle, formuliert zugespitzt: āChina is unser Bootcampā The deutschen Industrie steckt nicht einfach in einer Konjunkturkrise.
Taiwan's Mainland Affairs Council (MAC) is concerned about China's recent activities in the waters east of Taiwan. China's Ministry of Natural Resources announced plans to conduct extensive marine environmental surveys in the area. MAC Deputy Minister Shen You-chung warned that Beijingās campaign against Taiwan has expanded across multiple fronts.
Treasury Secretary Scott Bessent says China surpassing the United States on artificial intelligence is the biggest risk to the technology. Bessen is the point person in terms of the economic relationship with China. China and the U.S. agreed to hold formal discussions on AI governance following talks between Donald Trump and Xi Jinping in Beijing last month.
Corporate leaders at the World Economic Forumās annual meeting in Liaoning province are talking about the need to rebuild after the recent war in the Middle East. The sense of urgency was accelerating long-delayed connectivity projects. However, the economic push faces steep geopolitical headwinds.
Debbie Stabenow is concerned about China taking advantage of the U.S. pharmaceutical industry. She is calling on Congress and the administration to take action to stop China from taking over the development of medicines in the United States. She also wants Congress to restrict investment in Chinese AI, quantum technology and branded pharmaceuticals.