First it was Evergrande, then it was Country Garden, now China’s #2 property developer by sales volume is in trouble. On Monday, Vanke’s was downgraded to junk status by Moody’s. Moody’s said on Monday it withdrew Vanke’s ‘Baa3’ rating which is the lowest of Moody’s investment grade ratings, and assigned ‘Ba1’ corporate family rating (CFR). […]
A number of influential conservatives warned a bill that could ultimately ban the social media app TikTok in the U.S. could have unintended consequences after it was passed in the House of Representatives on Wednesday. One went as far as to describe the bill as a “Trojan horse” for other unforeseen bans. The bipartisan Protecting […]
By an overwhelming margin, the House on Wednesday passed legislation that would require TikTok to separate from its China-based ownership or face a potential ban in the U.S. The vote was 352-65, with one member voting present and 14 members not voting. Fifteen Republicans and 50 Democrats opposed the measure. Republicans voting against the bill […]
In today’s national defense news, China is building a fourth aircraft carrier while the U.S. Navy’s procurement remains stalled and the U.S. Air Force will shrink this year to its smallest size ever. Let’s take these items one at a time. The South China Morning Post reported last week […]
The House of Representatives voted on Wednesday to pass bipartisan legislation on the Chinese-owed app TikTok. Reps. Mike Gallagher, R-Wis., and Raja Krishnamoorthi, D-Ill., introduced the Protecting Americans from Foreign Adversary Controlled Applications Act on March 5. Gallagher and Krishnamoorthi are the chairman and ranking member, respectively, of the House Select Committee on the Strategic Competition Between the […]
The president of a tech company planning a factory in Kansas near two military bases said some of its parent company employees are members of the Chinese Communist Party. Shawn Montgomery, president of Cnano USA, confirmed the CCP links on March 4 before the Kansas House Committee on Commerce, Labor, and Economic Development. Montgomery was […]
Last month, the administration announced a $5 billion program to replace Chinese-made port cranes with domestically manufactured ones. The initiative was part of a $20 billion package to upgrade security at American ports. As it turns out, the decision to replace the Chinese cranes was necessary. A House investigation […]
What follows is a lightly edited transcript of the Republican response to President Joe Biden’s State of the Union address, as delivered Thursday night by Sen. Katie Britt, R-Ala. Good evening, America. My name is Katie Britt, and I have the honor of serving the people of the great state of Alabama in the United States […]
President Joe Biden discussed some of the biggest issues on the minds of Americans, from border security to abortion and the economy, in his State of the Union address Thursday night. But what issues did Biden ignore that he should have talked about? Were there any unifying moments? And how did members of Congress in […]
President Joe Biden delivered his 2024 State of the Union address in the House Chamber of the U.S. Capitol on Thursday night. During the 67-minute speech, frequently interrupted by applause from fellow Democrat senators and members of Congress, Biden spoke on a wide range of issues, from border security and the economy to abortion and […]
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