Liang Yongmei September 12, 2024
Some politicians in the US continue to promote the narrative of "China's overcapacity," despite it being inconsistent with economic principles and factual evidence. Such irresponsible rhetoric only serves as an excuse for advocating trade protectionism. China's competitive advantage in manufacturing new-energy products stems from the country's active technological...More
Shanghai-based Advanced Micro-Fabrication Equipment Inc. China (AMEC) announced that it has recently filed a federal lawsuit against the US Defense Department over its designation as a "Chinese Military Company." Another Chinese tech firm, Hesai Technology, reportedly succeeded in "forcing" the Pentagon to remove it from the blacklist through...More
A lightning bolt came from the US Bureau of Labor Statistics, which announced on August 21 that the total amount of new jobs created in the 12-month period from March 2023 had been overreported. The bureau stated that an estimated 818,000 announced new jobs in fact had not...More
The US may be on the brink of cutting interest rates, but the bigger challenges facing the US economy are only just beginning. The high-tech industry in the US has not fully shown its positive impact on the manufacturing sector, thereby constraining the overall growth potential of the...More
Former Harvard professor Charles Lieber, who was previously convicted for not disclosing ties to a Chinese institute-run science program, told the Global Times that he is exploring opportunities at several institutions, including those in Hong Kong and the Chinese mainland. Observers noted, on Sunday, that the US' suppression...More
In recent years, an unsettling trend has emerged in the US: Lawmakers seem more preoccupied with crafting proposals, legislation and bills aimed at countering China than addressing the pressing issues facing their own constituents. This phenomenon is not only evident but increasingly alarming. It underscores a troubling reality...More
Chinese semiconductor company Advanced Micro-Fabrication Equipment Inc. China (AMEC) announced on Friday that it has formally filed a lawsuit with a US court, suing the US Department of Defense (DOD) for its decision to include the company on the list of so-called "Chinese military companies" (CMC). AMEC asked...More
American political elite's rhetoric about China is increasingly incendiary. A bipartisan consensus has emerged that frames China as a "threat" to the US and its global status. A millenarian frame activates a war-like posture, in which politicians seek to out-muscle each other on who's the "toughest on China."...More
The US is confronting a political system facing a crisis of legitimacy. A major component of the crisis is structural and inherent to US governance. Politicians in the US do not succeed in politics because of their service to the people. They are first selected by a tiny...More
In order to contain China, the US must maintain military and economic primacy over China. Nevertheless, its ability to do this has come into question in recent years due to the continual rise and growing strength of China, and the demonstrated growing weakness of the US itself. Among...More
While the US policy of reshoring manufacturing has made progress, prioritizing the promotion of the US manufacturing industry completely over economic efficiency will inevitably pose challenges and uncertainties to the sustainability of its return. A Financial Times investigation revealed on Monday that $84 billion of the US manufacturing...More
Editor's Note: Leonard Peltier, the 79-year-old Indigenous activist who has spent nearly 50 years in prison for the 1975 murders of two FBI agents but has long maintained his innocence, was denied parole in early July, according to the CNN. Many are concerned that the ruling means that...More
While the US has ramped up efforts to discredit Chinese athletes with doping allegations, a media investigation report revealed on Saturday that a deeply entrenched doping industry has taken root in the US over recent decades, from athletes to coaches and agents, and from pharmaceutical companies to government...More
While aiming to expedite the reshoring of chip manufacturing, the US subsidy policy has actually exacerbated bubbles in the chip industry, causing turmoil in global financial markets. The US Commerce Department said on Tuesday that it plans to award SK Hynix up to $450 million in grants and...More
Through a series of provocative actions in the South China Sea in recent years, Japan, a country that does not have any claim in the region, has gradually revealed its ambitions to play a more influential role in the busy waterway. In its latest move, Japan and the...More