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China

The Best 'Chinese Spicy Fish Soup' Recipes

Forcing Chinese companies to open their books

February 18, 2024

Since the Enron and WorldCom scandals, the U.S. has allowed companies to publicly list their stocks only if they agree to let federal watchdogs review their auditors’ work. Yet for years, Beijing authorities, citing national security concerns, refused to allow U.S. inspectors to examine the books of China- and Hong Kong-based companies. Biden’s regulators finally forced their hand with the help of Congress and even former President Donald Trump.

Strengthening military ties to Asian allies

February 12, 2024

Biden came into office with the goal of countering China by rebuilding military alliances with Asian allies. In late 2022, a top Pentagon official promised to accelerate that effort, vowing that “2023 is likely to stand as the most transformative year in U.S. force posture in the [Pacific] region in a generation.”

Countering China with a new alliance between Japan and South Korea

February 11, 2024

South Korea and Japan have a mutual antipathy that goes back decades, linked to Japan’s brutal colonial rule of Korea from 1910-1945 as well as long-simmering territorial disputes in the East China Sea. That has fueled such acrimony in South Korea that until relatively recently public opinion polls in the country have rated Japanese leaders only slightly more popular than North Korea’s.

CNBC: Will China’s Real Estate Crisis Hit The Global Economy?

November 1, 2023

China’s real estate industry is collapsing in slow motion. Major developers like Evergrande and Country Garden remain stuck in spiraling debt problems. So-called ‘ghost cities‘ dot the Chinese countryside. And now the International Monetary Fund just cut its global growth forecasts for 2024 and called out China’s real estate crisis as a big reason why.

CNBC: How Micron’s Building Biggest U.S. Chip Fab, Despite China Ban

October 31, 2023

Micron, Samsung and SK Hynix are responsible for making 90% of the world’s DRAM memory chips, and Micron is the only one based in the U.S. That’s made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.

Analysis shows Russian and Chinese-backed efforts to sow division after Trump indictment

October 6, 2023

A week after the arraignment of Donald Trump, we’re learning new details about a covert effort by Russian and Chinese-backed actors aimed at sowing division among the American electorate and increasing distrust in institutions. Laura Barrón-López discussed the findings with Colin Clarke of the Soufan Center And Zach Schwitzky of the data science firm Limbik.