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“#US lawmakers back $100 billion science push to compete with China” A bipartisan group of US lawmakers on Wednesday introduced legislation calling for $100 billion in government spending over five years on basic and advanced technology research and science in the face of rising competitive pressure from China. The measure, sponsored by Senate Democratic Leader…
“# China’s digital yuan could be a fatal blow for Macau casino junkets ” Beijing’s bid to better control money laundering and illicit transactions through a fully-traceable central bank digital currency could pose a threat to the country’s popular gambling hub Macau. A hotspot for tourists — of which 70% come from mainland China — the…
“#Wrong takes on Chauvin verdict and other commentary” Iconoclast: Wrong Takes on Chauvin Verdict The verdict against Derek Chauvin in George Floyd’s death “should increase confidence” in the justice system, writes Sean Collins at Spiked Online. Yet “those are not the conclusions being reached by liberal politicians” and activists. As the judge and jurors had…
“#Tesla apologizes for handling of customer complaint in China” Tesla offered a rare mea culpa in China after an angry customer’s unruly protest over the safety of its electric cars went viral this week. The dustup started Monday at Tesla’s booth at the Shanghai Auto Show. Video footage of the incident circulated on social media,…
“# Binance has appointed new head of ‘Greater China’ ” Following the high-profile appointment of Brian Brooks to CEO of Binance.US, it has come to light that the Malta-based parent company has reshuffled its executive leadership by appointing Terence Zeng as head of Greater China. Zeng reportedly graduated from John Hopkins University and possesses a…
“# Governments can stop Bitcoin by shutting down mining, says Electric Capital exec ” Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments. In a panel at the Collision web summit on Tuesday, Spencer said lawmakers are the ones giving Bitcoin…
“# China aims to let foreigners use digital yuan at Winter Olympics in 2022 ” China’s central bank is looking to enable foreign athletes and visitors to use the country’s digital currency during the Beijing Winter Olympics in 2022, according to a top central bank official. Li Bo, deputy governor of the People’s Bank of…
“# Did a massive Chinese power outage cause Bitcoin’s crash down to $50k? ” Woo noted reports identifying the blackouts were published late last week, with the power outages occurring to facilitate safety inspections in response to a recent flooding accident at a local coal mine that saw 21 miners temporarily trapped underground after power…
“#Athletes have good reason to beware Xi Jinping’s Winter Olympics” There are growing calls to boycott the 2022 Winter Olympics in Beijing or to relocate the event to a different nation. It isn’t hard to see why, given China’s aggression in the Indo-Pacific region, horrific human-rights abuses and crushing of rule of law in Hong…
“#Is your iPhone worth China’s tyranny?” To understand the troubled relationship between America and Communist China, it helps to tell the story of two Apples. The first story begins on a fishing boat, where a 12-year-old boy named Jimmy Lai hid as a stowaway to reach Hong Kong from Guangzhou, China, in 1951. Beginning as…