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Oct 12, 2022Read in browser | Subscribe
U.S. limits China's chip access

Oct 07 | NYT
 

U.S. clamps down on China's access to chip technology

Under the Biden administration's sweeping new limits, companies will no longer be allowed to supply advanced computing chips, chip-making equipment and other products to China unless they receive a special license. Certain shipments to facilities operated by U.S. companies or allied countries will be evaluated case by case. More

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Happenings on the Hill

Congressional Calendar

 

The House and Senate are out of session.

 

Congressional Actions

 

Oct 12 | WSJ
 

Senate pushes $847bn defense bill to meet China challenge

The Senate moved forward on the annual defense policy bill that sets spending levels and provides pay raises for the country's military, with lawmakers including provisions that would increase U.S. military and diplomatic support for Taiwan. More
 

Oct 04 | House Financial Services Republicans
 

McHenry calls on Biden administration to work with Congress on efforts to regulate outbound investment to China

Rep. Patrick McHenry's letter urged National Security Advisor Jake Sullivan to work closer with Congress to find a legislative solution rather than "acting unilaterally through executive order." More

More News

Chips

 

Oct 12 | Computer World
 

Will the CHIPS Act really bring back semiconductor production and tech jobs?

Micron Technology is just the latest of a half dozen companies to announce new semiconductor fabrication plants in the US, part of a US government effort to bring chip manufacturing back to American shores. But a lack of tech talent and long-term funding questions could derail the mission. More


Oct 05 | Bloomberg
 

Taiwan pledges to keep advanced chips from Chinese military

Taiwan, home to the world's largest semiconductor foundry, will keep its advanced chip development at home, while adopting measures to stop its tech from being used by the PLA, C.C. Chen, deputy minister of economic affairs, said last week. More
 

Business & Investment

 

Oct 05 | FT
 

Global accounting firms warned over use of local affiliates

The chair of the Public Company Accounting Oversight Board (PCAOB) said global accounting firms should expect tougher scrutiny by U.S. regulators of their overseas affiliates, amid concerns about lower standards in China and elsewhere. The Securities and Exchange Commission has also signaled it is paying closer attention to the issue of substandard audit work abroad, and last week took action against Deloitte's Chinese affiliate More  

Taiwan

 

Oct 10 | Nikkei Asia
 

Taiwan's Tsai warns China against conflict, touts defense buildup

During her national day speech, President Tsai Ing-wen underscored that her administration has been stepping up defense reform and increasing the defense budget to strengthen "capabilities and resilience." More


Oct 05 | NYT
 

U.S. aims to turn Taiwan into giant weapons depot

U.S. officials are determining the quantity and types of weapons sold to Taiwan by quietly telling Taiwanese officials and American arms makers that they will reject orders for some large systems in favor of a greater number of smaller, more mobile weapons. More
 

Military & Maritime

 

Oct 10 | The Economist
 

For Western democracies, the price of avoiding a clash with China is rising

As China's economic and military power have risen, so too have its expectations for global respect and support. Going forward, countries seeking to go against China's goals will find a difficult opponent. More


Oct 07 | SCMP
 

U.S. to get new hypersonic weapons 'test bed' amid race with China, Russia

The Pentagon said defense contractor Dynetics and a team of more than twenty industry partners would be part of a new testing program for hypersonic weapons, as it seeks to catch up with China and Russia in the arms race. More


Oct 05 | Defense Department
 

DOD releases list of People's Republic of China military companies

The Department of Defense released the names of “Chinese military companies” operating directly or indirectly in the United States in accordance with the statutory requirement of Section 1260H of the National Defense Authorization Act for Fiscal Year 2021. More
 

China-Russia

 

Oct 10 | NYT
 

India and China, which have refrained from criticizing Russia, call for de-escalation.

India and China, two powers that have offered Russia some relief in the face of Western sanctions, expressed tentative concern after Monday's deadly missile strikes across Ukraine and renewed calls for de-escalation and dialogue. More


Oct 07 | NYT
 

China is the wild card in the energy war with Russia

A sharp decline in demand by China is helping slow oil price rises sparked by Russian's invasion of Ukraine. China's slump in energy consumption is also offering an unintended assist to the U.S.-led efforts to choke off the enormous revenues Russia reaps as an energy exporter. More
 

Oct 06 | SCMP
 

China's yuan becomes most traded foreign currency on Russian exchange amid efforts to 'de-dollarize' economy

The yuan surpassed the U.S. dollar for the first time this week to become the most traded foreign currency on the Moscow exchange as tensions with the West push the Russian economy closer to China. A total of 64,900 yuan-ruble transactions were completed on Monday, with the volume of trading reaching 70.3 bln rubles ($1.17 bln). More
 

Geopolitics

 

Oct 10 | Anchorage Daily News
 

Biden releases Arctic strategy with emphasis on competition with China and Russia

The 15-page document, titled “National Strategy for the Arctic Region,” is intended to set the U.S. agenda for the Arctic until 2032. The strategy is focused on security, climate mitigation, economic development and international cooperation in the region. More


Oct 10 | NYT
 

In global slowdown, China holds sway over some countries' fates

Beijing was the lender of choice for many nations over the past decade, doling out funds for governments to headline infrastructure projects. As inflation has climbed and economies have weakened, China has the power to cut them off, lend more, or forgive portions of their debts. More
 

Oct 10 | The Economist
 

China wants to change, or break, a world order set by others

China is working to reshape the world order from within. When its efforts meet resistance, it pushes for vaguer rules whose enforcement becomes a question of political bargaining. All too often, it seeks to revive ways of running the world that put states first, at the expense of individual freedoms. More
 

20th Party Congress

 

Oct 11 | CNN
 

What is China's Communist Party Congress and why does it matter?

The Chinese Communist Party's National Congress, known simply as the Party Congress, is a roughly week-long conclave that meets once every five years to appoint new leaders, discuss changes to the party constitution and lay out a policy agenda for the country. Xi Jinping is expected to smash precedent at this year's meetings, taking on a third term as general secretary of the party. More


Oct 11 | NYT
 

One Nation Under Xi: How China's leader is remaking its identity

While appeals to the motherland have long been part of the party's tool kit, Mr. Xi has taken the imperative to new heights, calling for a unified “community of Chinese nationhood” as a bulwark against threats at home and abroad. In his vision, all Chinese people, regardless of ethnicity, are bound by cultural ties that reach back earlier than the first emperors. More
   

Covid-19

 

Oct 07 | NYT
 

Covid defies China's lockdowns, creating chaos ahead of top meeting

With daily cases more than doubled in the past week to around 1,400 last Friday, China's dynamic Covid policy is facing its toughest test yet. Provincial and local officials have vowed to stop the spread of the coronavirus from “spilling over” to Beijing, the capital, where the upcoming Party Congress will be held. More  

Hong Kong

 

Oct 05 | Politico
 

U.S. lawmakers slam U.S. corporate executives' Hong Kong trip plans

Reps Chris Smith (R-NJ), Blaine Luetkemeyer (R-MO), and Lance Gooden (R-TX) criticized U.S. executives for their upcoming attendance at a Hong Kong conference headlined by Hong Kong's leader John Lee Ka-Chiu. The Republicans say that corporate attendees are making a mockery of U.S. Treasury Department sanctions against Lee for his enforcement of Hong Kong's draconian National Security Law. More


Oct 05 | SCMP
 

New U.S. report outlines 'devastating effect' of national security law on Hong Kong

An influential panel that advises the US Congress on policy towards China has issued a report detailing how the enforcement of the 2020 national security law has “dismantled” Hong Kong's civil society. The study released by the Congressional-Executive Commission on China, “Hong Kong's Civil Society: From an Open City to a City of Fear,” draws on 42 interviews conducted between March and June. More
 

Xinjiang & Human Rights

 

Oct 06 | AP
 

UN rights body rejects Western bid to debate Xinjiang abuses

At the 47-member state Human Rights Council, 17 countries voted in favor, 19 against, and 11 abstained in a vote to hold a debate on Xinjiang at its next session in March. Had the vote been successful, the ensuing debate would have marked the first time that China's record on human rights would merit a specific agenda item at the council. More
 

Oct 07 | SCMP
 

As China's cotton harvest begins, Xinjiang 'forced labor' law and global recession fears hobble demand

The Uyghur Forced Labour Prevention Act and extreme weather in major planting areas have caused supply side disruptions in the global cotton industry. Weakening demand amid record high US inflation and global recession fears are also weighing heavily on the cotton market. More
 

Space & Science

 

Oct 06 | WSJ
 

China seeks a quantum leap in computing

A global race is on to create quantum computers that could in seconds solve problems that today would take thousands of years. An experimental device from China's Baidu marks the latest advance. More
 

Oct 04 | CSIS
 

China's growing space footprint in South America

China's space network in South America is part of a broader push by Beijing to establish itself as a leading global space power and partner of choice in space for middle-income economies. For the United States, China’s increasingly sophisticated foothold in South America poses a multifront challengeMore
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