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Aug 09, 2022Read in browser | Subscribe

Biden signs CHIPS act

C-SPAN's coverage of the CHIPS and Science Act signing ceremony this morning
 

Aug 09 | AP
 

Act aims to boost U.S. tech competitiveness with China 

The Rose Garden ceremony included lawmakers, union officials, local politicians and business leaders as the president highlighted a new law that will incentivize investments in the American semiconductor industry in an effort to ease U.S. reliance on overseas supply chains for critical, cutting-edge goods. More

More on Our Radar

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Happenings on the Hill

New Legislation
 

S.4703 | sponsored by Sen. Tom Cotton (R-AR)
 

Securing America's Land from Foreign Interference Act

 

S.4714 | sponsored by Sen. Marco Rubio (R-FL)
 

Sanctioning Supporters of Slave Labor Act

 

S.4756 | sponsored by Sen. John Kennedy (R-LA)
 

Preventing Malign Chinese Influence on Academic Institutions Act

 

H.R.8636 | sponsored by Rep. Jim Banks (R-IN)
 

Preventing PLA Acquisition of U.S. Technology Act of 2022



THIS WEEK: Aug 06 - Aug 12
 

Congressional Calendar

The Senate is in a state work period. The House is in a district work period.
 

Biden Administration

 

Aug 09 | Reuters
 

U.S. accuses Chinese company of helping ZTE hide business with Iran

The Commerce Department accused Far East Cable, China's largest wire and cable manufacturer, of violating U.S. export controls related to shipments of ZTE telecommunications equipment to Iran. More
 

Aug 08 | Axios
 

Biden won't force African countries to choose U.S. or China, Blinken says

Speaking in South Africa, Secretary Blinken said one element of President Biden's Africa strategy is is not to force countries to choose between the U.S. and China or Russia. Blinken's remarks came four days after UN Ambassador Linda Thomas-Greenfield warned in Uganda that buying anything from Russia other than agricultural products could lead to sanctions. More
 

Aug 06 | Reuters
 

Blinken chides China's 'irresponsible' cut in U.S. communication

Secretary of State Antony Blinken accused China of "irresponsible steps" by halting key communication channels with Washington in eight key areas including defense, narcotics, transnational crime and climate change. More

Top News

Taiwan

 

Aug 08 | AP
 

China extends threatening military exercises around Taiwan

China said the extended exercises will include anti-submarine drills, apparently targeting U.S. support for Taiwan in the event of a potential Chinese invasion, according to social media posts from the eastern leadership of the People's Liberation Army. More


Aug 03 | NYT
 

Senator Menendez: This is how the U.S. will stand with Taiwan

The United States and its partners need to develop and put in place a new and more resilient strategy for Taiwan while there is still time. A robust and credible deterrence to preserve peace and stability across the Taiwan Strait requires clarity in word and deed, writes Senator Bob Menendez (D-NJ). More

Analysis

 

Aug 08 | ASPI
 

A blockade of Taiwan would hamstring China's economy

China's live-fire drills surrounding Taiwan over the weekend simulated an economic blockade, with Chinese forces positioned to halt access to the island nation's main ports. However, the demonstration of China's military prowess also served to underline China's own economic vulnerability. More
 

Aug 08 | Taipei Times
 

Taiwan's future

The steadier Taiwan's leaders are in this moment, the more likely that China's leaders will convince themselves of the brightness of China's future. By neither bowing to pressure nor provoking Beijing, President Tsai Ing-wen is a leader whose temperament and skill are fit for the current moment. More
 

Aug 07 | NYT
 

China's options narrow for winning over Taiwan

Beijing's shock and awe tactics may deepen skepticism in Taiwan that it can ever reach a peaceful and lasting settlement with the Chinese Communist Party, especially under Xi Jinping as its leader. More

Geopolitics

 

Aug 05 | NYT
 

U.S. seeks to reassure Asian allies as China's military grows bolder

The Biden administration says its commitment to the region has only deepened, but critics say the tensions over Taiwan show that Washington needs stronger military and economic strategies. More


Aug 04 | USIP
 

How should the U.S. respond to China's 'Global Security Initiative?'

The United States should take China's Global Security Initiative seriously for its potential significance both to the principles on which European and trans-Atlantic security cooperation rest but also for its implications for China's pursuit of so-called “core” security interests, particularly in the Taiwan Strait. More
 

Aug 02 | Xinhua, Chinese state media
 

China assumes UN Security Council presidency for August

Zhang Jun, China's permanent representative to the UN, said the country will prioritize facilitating dialogue and cooperation for common security and supporting Africa's capacity-building for sustaining peace. More

Intelligence & Influence

 

Aug 07 | AP
 

One year after Afghanistan, spy agencies pivot toward China

Over the last year, there's been a quiet pivot within U.S. intelligence agencies, which are moving hundreds of officers to China-focused positions, including some who were previously working on terrorism. More
 

Aug 04 | Bloomberg
 

Fake Rubio letter part of pro-China campaign

Cybersecurity firm Mendiant said it detected 72 news sites and several social media accounts that are part of an propaganda effort intended to “disseminate content strategically aligned with the political interests of the People's Republic of China.” In one instance, a Twitter account linked to the campaign posted a fabricated letter purporting to come from the office of Senator Marco Rubio. More

Business & Investment

 

Aug 04 | Nikkei Asia
 

China's top venture capital companies flock to Singapore

The move by Chinese VCs to make Singapore a springboard for other parts of Southeast Asia follows a record year of venture funding in the region. But China's zero-COVID policies and strict travel restrictions are hindering access to this growth. More
 

Aug 03 | WSJ
 

U.S. generals, diplomats want Chinese companies out of their retirement plan

A group of active and retired generals, diplomats and State Department officials have formed a group that is pushing to remove Chinese companies from the Thrift Savings Plan, a retirement fund for federal workers that has more than $700 billion in assets under management. More
 

Aug 02 | WSJ
 

Chinese investors still leery of U.S. acquisitions

Requests from China-based acquirers for clearance to buy U.S. companies in 2021 remained down from 2018, when the U.S. passed the Foreign Investment Risk Review Modernization Act, according to Cfius, which released its 2021 annual report last week. More

Climate & Energy

 

Aug 09 | WSJ
 

U.S. solar shipments are hit by Xinjiang import ban

Several Chinese solar-panel suppliers, among the world's largest, have had shipments to the U.S. detained or sent back during the past several weeks as customs agents enforce the Uyghur Forced Labor Prevention Act. It is likely six months before import challenges related to the new law are resolved. More
 

Aug 08 | E&E News
 

Why did Manchin limit the climate bill's EV tax credit? China.

During months of negotiations, Senator Joe Manchin made clear he would only support expanding the consumer EV tax credit if it included requirements for the cars to be made from supply chains controlled by the United States or its allies and without any products from China. More
 

Tech Competition

 

Aug 08 | WSJ
 

Two Chinese cities approve Baidu's unmanned self-driving taxis

China, seeking to catch up to the U.S. in autonomous driving cars, has been increasingly active in setting up regulations that allow such vehicles on public roads. More
 

Aug 03 | NPR
 

The U.S. made a breakthrough battery discovery — then gave the technology to China

In 2017 and later in 2021, federal agency allowed advanced battery technology and jobs to move overseas to China, violating its own licensing rules while failing to intervene on behalf of U.S. workers in multiple instances. Now, China is investing millions into the cutting-edge green technology that was supposed to help keep the U.S. and its economy out front. More  

Digital Currency

 

Aug 08 | WSJ
 

Lawmakers look to digital dollar to compete with China

A bipartisan group of House lawmakers are pushing the Federal Reserve to move swiftly toward issuing a digital dollar, to combat steps from China and others they say could one day threaten the U.S. status as the global reserve currency. More  

Space & Science

 

Aug 08 | SCMP
 

China and U.S. joint research output is changing, warns study

Sino-US co-publications, growing since 2017, saw a slight dip in 2021, report from publishers Elsevier and Pacific Rim universities body says. Last year, China published nearly 22% of the world's overall research, compared to just over 19% for the United States. More
 

Aug 05 | Reuters
 

China successfully launches a test reusable spacecraft, state media report

The unidentified spacecraft, which was launched from China's Jiuquan Satellite Launch Center, will return to a planned landing site after operating in the orbit for some time to provide technical validations for reuses, state media said. More
 

Inside China

 

Aug 09 | NYT
 

Why China's people no longer look up to America

After years of watching America's wars overseas, reckless economic policies and destructive partisanship, many Chinese citizens, including me, no longer see the United States as a shining beacon anymore, writes CCP member and a former chief opinion editor of The Global Times Wang Wen. More
 

Aug 06 | NYT
 

Xi builds a security fortress for China, and himself

As Mr. Xi prepares to claim a breakthrough third term as leader at a Communist Party congress this fall, he has signaled that national security will be even more of a focus. More
 

Aug 05 | SCMP
 

China can 'live with' slightly lower GDP growth if inflation stays low, says Premier Li Keqiang

The world's second largest economy has shown signs of recovery from a downturn in April and May. An unexpected contraction in China's factory activity in July, however, has highlighted the fragility of the recovery. More


Aug 04 | FT
 

China's bad banks complicate property crisis

While the world's most indebted developer China Evergrande has taken the spotlight in the country's spiraling property crisis, stress at the bad banks reveals Beijing's challenge to mobilize rescue options. More
 

Covid-19

 

Aug 02 | Bloomberg
 

China's Covid Zero could last for years because it works for Xi

As omicron sub-variants become ever-more infectious, Xi's resolve to avert virus fatalities is growing stronger – leading many experts to warn that Covid Zero could continue well beyond 2022. More
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