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Showing posts with the label Global Economy

China Month in Review: China’s $495 Billion R&D Boom: Are They Outpacing the U.S.?

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As China expands its influence in technology, trade, and cybersecurity, tensions with Taiwan and global powers continue to escalate. Taiwan has seen an unprecedented surge in cyber-attacks, averaging 2.4 million daily incidents, with Chinese state-sponsored hackers targeting critical infrastructure. A severed submarine cable near Keelung Harbor further raises concerns about China’s covert tactics to disrupt Taiwan’s communications, reinforcing fears of an impending digital Cold War. Meanwhile, China continues to dominate AI and technology, with its R&D spending surpassing $495 billion in 2024. At CES 2025, Chinese tech giants like TCL and Hisense unveiled groundbreaking AI-driven innovations in smart home ecosystems. Additionally, China has expanded its global trade network with 23 new Free Trade Agreements, deepening its economic ties worldwide and solidifying its influence through the Regional Comprehensive Economic Partnership (RCEP). As the U.S. government debates banning TikTo...

Global Dynamics: Joint China-Russia Naval Drills, Technological Growth, and Expanding Belt and Road Ties

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China, Russia joint naval exercises routine drill, ministry says The recent joint naval exercises by China and Russia in the Gulf of Finland were part of routine military cooperation and complied with international law and standards, said Senior Colonel Zhang Xiaogang, a spokesperson for China's Ministry of National Defense, on Friday. He noted that the exercises were neither aimed at specific targets nor related to current regional situations. The exercises, held to mark the 328th anniversary of the Russian Navy, involved Chinese naval vessels Jiaozuo and Honghu alongside Russian ships. Linda Sun, the former aide to New York Governors Kathy Hochul and Andrew Cuomo, was charged with being an undisclosed agent of China. Linda Sun, a former aide to New York Governor Kathy Hochul, was arrested alongside her husband, Chris Hu, on charges related to acting as an undisclosed agent for the Chinese government. The indictment against them includes allegations of visa fraud, money laun...