New Delhi, July 15 (IANS) There is no escape from the US dollar for China even as Beijing propagates a ‘de-dollarisation’ campaign to promote its own currency, the renminbi, to settle payments in international trade and debt repayments.“China’s export-driven economy is built on access to dollar markets, dollar denominated demand and a global payments and settlement infrastructure that is still overwhelmingly US-centric. For China, a sudden or radical break from the US dollar would not be an …
Latest Chinese Communist Party News & Updates
Washington, July 10 (IANS) Two senior Republican lawmakers have urged the US Justice Department and FBI to investigate whether China was linked to the vandalism of a Tiananmen Square memorial museum in California.Representatives Chris Smith of New Jersey and John Moolenaar of Michigan made the request in a letter to Acting Attorney General Todd Blanche. Smith co-chairs the Congressional-Executive Commission on China, while Moolenaar chairs the House Select Committee on China.Unknown individuals …
New Delhi, July 9 (IANS) China’s major technology companies have trimmed nearly 1.3 lakh jobs over the past year as rapid adoption of artificial intelligence (AI) and corporate restructuring reshape the sector, with a new report criticising the Chinese Communist Party (CPC) for remaining silent over the large-scale workforce disruption.The report from Sri Lanka-based Daily Mirror said Alibaba, Tencent, ByteDance, Meituan and Baidu have announced tens of thousands of job cuts with some divisions …
Taipei, July 8 (IANS) National Endowment for Democracy President and CEO Damon Wilson has said that the Chinese Communist Party (CCP) poses a big challenge to democracy and accused it of using political, economic and technological tools to reshape the global order as per its own interests, local media reported on Wednesday. In his address at China In The World (CITW) Summit in Taipei on Tuesday, Wilson said that China’s negative influence has been a key driver of 20-year consecutive decline in g…
Beijing, July 5 (IANS) The Chinese Communist Party (CCP) has been carrying out a pressure campaign against Japan through espionage, maritime aggression, and economic coercion, and the nation and its allies must act decisively, as China is testing Tokyo’s resilience and the credibility of its alliance with the US, as per a report. Japan’s most advanced industries, including semiconductors and robotics, have faced attacks from Chinese intelligence networks. Cyber intrusions and insider recruitment…
Brussels, July 4 (IANS) China’s use of Buddhism reflects hollowing out of faith, turning temples into tourist attractions, monks into state employees, and scriptures reshaped to promote obedience to the Chinese Communist Party (CCP). The pursuit of spiritual enlightenment has given way to the pursuit of political loyalty. This “distortion” is most evident in Tibet with Buddhism not only tightly managed but also weaponised against those who hold it sacred, a report has stated.”China’s paradoxical…
Beijing, July 3 (IANS) China’s new Ethnic Unity and Progress Promotion Law, which came into effect on July 1, is pushing the ethnic minorities to integrate with Chinese identity and mandating that parents guide their children to “love” the Chinese Communist Party (CCP). The law also “bans acts that ‘undermine ethnic unity or create ethnic division’ among China’s 56 officially recognised ethnicities, which include a Han Chinese majority that makes up over 90 per cent of the country’s …
New Delhi, July 2 (IANS) China’s President Xi Jinping has repeatedly emphasised at high-level meetings with world leaders and corporate heads that his country is keen to attract foreign investments, even though recent events have brought into question the safety and viability of those potential investments, according to an article in The Diplomat.It highlights that world’s top business leaders that Jinping has addressed at meetings in recent months include Elon Musk of Tesla and SpaceX, Jens…
Washington, July 2 (IANS) A bipartisan group of senior US lawmakers has sharply criticised China’s newly enacted Ethnic Unity and Progress Law, saying it would further erode the rights of ethnic and religious minorities while expanding Beijing’s ability to target critics beyond its borders.The statement was led by Senate Foreign Relations Committee Chairman Jim Risch and Ranking Member Jeanne Shaheen, along with Senators John Curtis, Jeff Merkley, Jacky Rosen, Ted Budd, Tim Kaine, Tammy Duckwort…
Rome, July 1 (IANS) A recent seminar in Beijing underscored the evolution of China’s Sinicisation of Islam — a campaign which requires religious groups to align their doctrines, customs and moral values with Chinese culture. Increasingly, the initiative has shifted beyond cultural adaptation to become a political programme that expects religious leaders to internalise and promote Chinese Communist Party’s (CCP) doctrine, according to a latest report. The prominence of Chinese President Xi Jinp…