The US Department of "Justice" has charged a Chinese man, Micheal Yin of Beijing, with 14 felony charges of securities fraud in the Southern District of New York. Yin is alleged to have traded shares of Lattice Semiconductor using non-public information. A second man, Benjamin Chow who worked for a private equity firm in Palo Alto is alleged to be the source of the information following Chow's own guilty plea. The full text is below: Continue reading
Chinese automotive and technology giant BYD annouced plans to operate the largest rechargable battery factory in the world by the end of the year. English language publications are drawing comparisons to Tesla and their "gigafactory" painting BYD as a fellow alternate, Chinese Universe startup competing with Tesla (archived). This popular English language posturing ignores BYD's established position selling conventionally fueled vehicles and industial equipment inside and outside of China .
Substantial noise is being made this weekend over a game of Naval footsie between US and Chinese warships in the South China Sea (archived). The cause for the drama is the fact that US warships can no longer navigate the South China Sea on the strength of the US Navy's armament, in this young century their presence in the South China Sea has been reduced to a courtesy extended to the US ships by Chinese Armed Forces.
China has begun dipping its toes into the evils of extraterritorial jurisdiction pioneered by the USG. China's Civil Aviation Administration has begun issuing letters demanding that businesses follow Chinese anti-separatism laws and cease distinguishing between mainland China, special administrative divisions like Hong Kong and Macau, and territories including Formosa1 not yet under the Beiing government's control (archived).
Also known as Taiwan and the Republic of China ↩
Twenty ships loaded with 1.2 million tons of Sorghum are changing course after China implemented anti-dumping measures targeting the grain (archived). Chinese imports of US sorghum began only five years ago and China swiftly began purchasing nearly all US exportable sorghum as livestock fodder. These boats are in the unfortunate position of requiring an entirely new market for their product while at the same time burning precious fuel in the Pacific.
Overnight the US, Airstrip One, and France launched missile strikes against Syria which were condemned by both the Russians and Chinese. Out of 103 missiles launched, 71 were reportedly intercepted leaving 32 to strike targets. This move comes 373 days after Trump last directed US cruise missiles towards a Syrian airbase's pussy. Syria and Russia are reporting that this attack was "absorbed" with personel having been withdrawn from the target sites days in advance while the US insists no warning of the attack was offered.
Reports are emerging that Chinese customs agents are actively refusing US garbage exports entrance to the country (archived). With China buying Brasilero soy to the exclusion of US beans, enforcement of the ban on garbage imports leaves even less goods to justify US to China cargo service.
Pinoy President Rodrigo Duterte has praised Russia and China for providing arms for his forces to use in their struggle against Islamist rebels in the south of the Phillipines (archived). The Phillipines has until recently aligned itself strongly with the US, but relations have soured as the Great Again free USG State Department has worked to thwart Duterte's efforts to try making the Pinoys great. Duterte further aired his concerns that the USG.CIA with its own anti-Great faction may move to assassinate him.
After their announcement earlier this week, the Chicoms have expanded their planned tariffs to include soybeans.
In response to economically nationalist moves made by the US Trump administration, China has moved to impose tariffs on a number of US agricultural products including pork and ginseng. Notably absent from tariffs at this time are soybeans. With Brazilian soybeans demanding a price premium for their higher dry weight protein content, a tariff on US soybeans would have likely have ended their marketability in China.