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Tuesday, January 26, 2021
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US Revokes Chinese Graduate Student Visas On Fears Of Research Theft

The Trump administration confirmed in a statement Wednesday that it is "blocking" many students from China from obtaining visas to America, specifically graduate students focusing on research in scientific and medical fields over fears they could steal sensitive research. Citing the acting head of the Department of Homeland Security (DHS), Chad Wolf, Reuters reports:  “We are blocking…

Over 100,000 Chinese Evacuated As Floods Continue Pressuring Three Gorges Dam

Since early summer, devastating floods have wreaked havoc in southern China due to torrential rains caused by the rainy season, with most of the flooding observed around the Yangtze basin and its tributaries. Local officials are calling the latest flooding a "once in a century" event, with a typhoon making landfall Wednesday.  China's largest river, the Yangtze, continues to rise…

Chinese Econ Data Dump Unexpectedly Bombs As Industrial Production, Retail Sales Miss

Was that it for China's miraculous recovery? While China's economic releases long ago lost any "data" significance and simply represent whatever the politburo wants it to represent, moments ago we had the traditional monthly data dump and it was extremely ugly, with the key items missing badly, and making one wonder if Beijing is no…

As US Bans ‘WeChat’, Chinese Turn To ‘Signal’, But Decentralization Is The Answer

Authored by Mathew Di Salvo via DeCrypt.co, Signal could help worried Chinese based in the US look for solutions to the ban on Chinese apps TikTok and WeChat. A decentralized platform could be the best option... President Donald Trump this week announced his intentions to ban US companies from transacting with Chinese payment and messenger…

Chinese National Arrested Illegally Entering The US With Over $28,000 Worth Of Gold Bars

If one goes by the official Chinese data, whereas in the summer of 2015 there was a massive capital outflow in the aftermath of the sudden yuan devaluation, recent months have been a paragon of stability despite the yuan trading on the wrong side of 7 for much of the past five months, and according…

Chinese Banks Bar Clients From Buying Precious Metals

In an attempt to avoid another retail-driven momentum meltup similar to what happened with Chinese stocks earlier this month when government-media first encouraged Chinese investors to buy stocks only to backtrack days later when local markets soared sparking fears of another stock bubble on the mainland, Reuters reported that Chinese regulators and major banks have…

Chinese Banks Urged To Switch From SWIFT And Drop USD In Anticipation Of US...

Even as the market does its best to ignore the unprecedented upheavals in US-Sino relations in everything from trade, to diplomacy, to financial relations, the truth is that there are tectonic shifts tearing apart decades of established norms between the two superpowers, and one doesn't even have to dig too deep to see it. Consider…

Chinese Ambassador Struggles To Explain Shocking Footage Of Handcuffed & Blindfolded Uighurs Loaded Onto...

During a Sunday morning BBC news program, China’s ambassador to the UK Liu Xiaoming was in a rare segment asked point blank about viral footage which purports to show a terrifying scene from Xinjiang province of Muslim minority Uighurs being handcuffed and loaded onto train cars.  While the footage, which appears to have been secretly caught via drone, appears…

Chinese Military Exercises Threaten To Invade Taiwan

Authored by Lawrence Franklin via The Gatestone Institute, China's People's Liberation Army (PLA) is currently staging a military exercise across from the Taiwan Strait that looks as if it plans to culminate in an amphibious assault on an island in the South China Sea. Taiwan's military -- evidently fearing, with good reason, that the exercise…

How Do You Say (Way) Off-Balance-Sheet In Chinese?

Authored by Jeffrey Snider via Alhambra Investments, Where central banks are concerned, it’s not conspiracy theory so much as the term “off-balance sheet.” There’s a reason Enron kicked off that mass-migration into the footnotes. For monetary officials, there’s the choice to be like Montagu Norman and what he thought of good practice at central banks.…

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