The president of Russia, Vladimir Putin, has arrived in China on his first official visit abroad after his recent inauguration. He was received by his Chinese counterpart, President Xi Jinping, with whom he held talks agreeing to deepen mutual political trust and contribute to global security and stability.
For a Just and Multipolar World Order: Russia and China Strengthen Alliance
Related:
Xi Agrees To Deepen China-Russia Military Ties, Brushing Off US Warnings
Lawmakers raising national security concerns and seeking to disconnect a major Chinese firm from U.S. pharmaceutical interests have rattled the biotech industry. The firm is deeply involved in development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V. and other illnesses.
Chinese Company Under Congressional Scrutiny Makes Key U.S. Drugs
Latest:
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Chinese reunification with Taiwan to devastate US, Commerce Sec. says
Raimondo, showcasing that the US is only interested in Taiwan’s “security” because of its importance in the microchip sector, highlighted the critical role of Taiwan in microchip supply and production, stressing the decades-long collaboration between Taipei and Washington in this domain.
Hypocrisy thrives where double standards prevail.
Earlier, I stupidly tweeted out an article about the Jones Act and shipbuilding and Colin Grabow, from the Cato Institute, liked it (he was quoted in the article). I looked him up and decided to listen to this video on the shipbuilding competition between China and the US, where he and a lawyer for United Steelworkers were on the panel. China is eating their lunch, and it’s the ruling elites’ own fault, yet they scapegoat China for it. The double standards over China’s “unfair economic practices” AKA the subsidizing of their shipbuilding industry irritates me (liars irritate me even more). States give subsidies, grants, and tax breaks to corporations, all the time. Fincantieri Marinette Marine is just one example, but Wisconsin had done the same for Foxconn. Foxconn received tax breaks and $3B in subsidies, which was “the largest ever subsidy provided by a state to a foreign company”, despite not living up to their promises.
Colin Grabow wants to end the Jones Act. I’ve made at least three video clips regarding the Jones Act, two with Sal Mercogliano from What’s Going On With Shipping and one from the government-funded CSIS (I’ve posted them, below). Spoiler alert: Sal says that the problem isn’t the Jones Act. Meanwhile, both CSIS and the Cato Institute (part of the Atlas Network) blame the Jones Act. Deregulation is a wet dream of big corporations (which fund both the Cato Institute and CSIS).
Read More »Related:
Trump’s attacks on Chinese cars strike a chord — with both parties
“Ohio knows all too well how China illegally subsidizes its companies, putting our workers out of jobs and undermining entire industries from steel to solar manufacturing,” Brown said in a statement. “We can’t wait for China to run this same playbook in the auto industry — we need strong rules, including but not limited to tariffs, to stop a flood of Chinese electric vehicles that threaten Ohio auto jobs.”
…
He said the average price gap between a Chinese vehicle and its U.S.-made counterpart ranges from 44 percent to 179 percent. “That is a massive gap,” the executive said. “Tariffs alone aren’t going to take care of that.”
Reuters: Mexico yields to US pressure on incentives for Chinese car makers
He said that such incentives have declined during the government led by President Andrés Manuel López Obrador, who took office in late 2018, although they have been offered to large investors such as Audi.
Hypocrisy, Thy Name is the United States:
Read More »Biden wants to hike tariffs on imports of Chinese steel and aluminum
Chinese steel imports account for less than 1% of U.S. demand, officials told reporters. But Chinese subsidies and programs mean its steel prices are 40% lower than U.S. prices, and the Biden administration is worried that there could be a surge of exports.
Related:
Trump’s tariffs are equivalent to one of the largest tax increases in decades
New Democrat Coalition Trade Task Force Statement on Section 301 Tariffs Announcement
We no longer hear much about the Uyghur issue, which Arab and international media outlets often promoted as a narrative to tarnish the reputation of the Chinese government and pressure it. This issue has always been framed through the lens of “generality” implying that “China is persecuting Muslims within its borders,” which is certainly not true, since the Uyghurs are not the only Muslim ethnic group in China; there are ten Muslim ethnicities in China.
Why Is Arab Media Silent About the Uyghur Separatists Supporting “Israel”?
The heightening tension between the Philippines and China over the disputed West Philippine Sea (WPS) could impede the entry of foreign investors into the country.
WPS Tension Affecting Entry Of Foreign Investors In PH
Related:
US, European Companies pour Investments to Neutral Malaysia instead of Western-ally Philippines
Vietnam’s “bamboo diplomacy” has allowed Hanoi to carefully enter strategic partnerships with the U.S. and China while maintaining its own independence and security, its foreign minister said Tuesday at a Brookings Institution event.
Hanoi’s ‘Bamboo Diplomacy’ Preserves Vietnamese Independence, Says Foreign Minister
The Philippines is going all in with the United States and bracing itself against lost Chinese largesse. President Ferdinand Marcos Jnr will fly to Washington next month to attend the US-Japan-Philippines trilateral leaders’ summit. It will be his fourth visit to the US since taking office as president less than two years ago.
South China Sea: Philippines must softly manage disputes or miss out economically
Previously:
PH: Compared To China, US Trade, Investment Offers Laughable + More
Ms. Cat’s Chronicles 
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