Two dozen Republican state financial officers have urged the U.S. Securities and Exchange Commission (SEC) to block Chinese companies—and others based in adversarial nations—from qualifying for Foreign Private Issuer (FPI) status on U.S. stock exchanges. The move aims to protect American investors and national security from the growing risks associated with opaque Chinese firms.
A former civilian contractor for the U.S. Department of Defense has been indicted in Germany for allegedly offering to spy for the Chinese government. Identified only as Martin D., the American citizen was arrested in Frankfurt in early November 2024. German federal prosecutors announced the indictment on Monday, citing national security concerns.
Nvidia, the world’s most valuable chipmaker, is quietly developing a new artificial intelligence chip for the Chinese market that complies with U.S. export restrictions but remains more advanced than products currently approved for sale.
T1 Energy and Corning have signed a supply agreement to produce a fully domestic solar panel manufacturing chain in an effort to distance the market from China.
China’s ambassador to South Korea, Dai Bing, publicly praised the leftist government of President Lee Jae-myung for targeting conservative and anti-communist voices. Dai’s remarks came after Lee labeled peaceful anti-China demonstrations as “hate rallies” and amid reports that police are investigating conservative activists for political expression.
China has imposed a 75.8 percent tariff on Canadian canola products, accusing Ottawa of “dumping” underpriced canola seed into the Chinese market to harm domestic farmers. The Chinese Ministry of Commerce announced the measure Tuesday, with implementation beginning Thursday. Beijing’s move is widely viewed as retaliation for Canada’s 100 percent tariff on Chinese electric vehicles (EVs) last year under then–Prime Minister Justin Trudeau.
China has announced sanctions against two Lithuanian banks, UAB Urbo Bankas and Mano Bankas AB, in retaliation for the European Union’s recent inclusion of Chinese financial institutions in its latest sanctions package against Russia.
