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Lawmakers Seek Status of Report From Biden Administration on Chinese Crane Threats at US Ports
Sen. Rick Scott (R-Fla.) and Rep. Carlos Gimenez (R-Fla.) have asked the Biden administration for the progress on a report that addresses the national security risk posed by China-manufactured cranes at U.S. ports. In a letter dated May 31 to Maritime China’s $47.5 Billion Fund to Boost Semiconductor Industry Will Likely End in Failure: Analysts
Amid heightened U.S. technological controls over China’s chip and AI industries, the Chinese Communist Party (CCP) has launched its largest semiconductor investment fund to date. However, experts predict that this effort, much like the historical Great Leap Former Head of China’s Central Bank Suggests Policymakers Should Learn From Japan
Zhou Xiaochuan, former governor of the People’s Bank of China, the country’s central bank, called the latest downturn of China’s real estate market “unprecedented” and suggested that “policymaker[s]” should learn from Japan’s experience. The Chinese