Day: May 10, 2025

Just another week of fires in China!

AFP: The Philippine military said today that there has been an incident involving the Chinese navy near Huangyan Dao in the South China Sea. The Philippines said that Chinese military vessels conducted “a high-risk maneuver.” What’s your response to that? Can you share more information?Lin Jian: The Philippines’ remarks disrespect facts and confuse right and wrong. Huangyan Dao has always been China’s territory. The Philippine military vessel attempted to intrude into waters of Huangyan Dao. China took necessary measures to handle the matter, which are legitimate, lawful, professional and restrained. The Philippines’ repeated infringement and provocation at sea is the root cause leading to the current tensions. China urges the Philippines to stop infringement and provocation at once, and refrain from challenging China’s firm resolve to safeguard the nation’s territorial sovereignty and maritime rights and interests.

Kao Family Office CIO Michael Kao joins ‘Making Money’ host Charles Payne to discuss the state of China’s economy.

China’s domestically made C919 passenger jet has been hit with another major setback from the European Union. On April 28, Florian Guillermet, the Executive Director of the European Union Aviation Safety Agency (EASA), said it would take the agency three to six years to certify the C919, which is produced by China’s COMAC.

Beijing is asking the United States to cancel its China tariffs two days ahead of trade talks. What did President Donald Trump say about the upcoming conversation?Treasury Secretary Scott Bessent is updating the House Financial Services Committee on the state of the global economy. We have the details on his upcoming order to go after Chinese entities involved in the fentanyl trade.In China, a rising number of protests are erupting across the country, largely over long overdue wages. We look at how the trade war is contributing to China’s social unrest.In a landslide vote for humanity, the U.S. House passed the Stop Forced Organ Harvesting Act by a vote of 406–1. We have the details on its impacts.00:00 Intro01:29 China Asks US to Cancel Tariffs Before Trade Talks03:55 Trump to Bring Up Jimmy Lai During China Trade Talks04:32 Bessent Testifies on US-China Trade Ahead of Tariff Talks06:45 Trade War Pushes Workers to Protest in China08:51 US House Passes Stop Forced Organ Harvesting Act12:17 US Typhon Missiles Target Beijing’s Ambition for Taiwan13:54 China’s Role in India-Pakistan Tensions15:28 New Moves in China-Russia Alliance Against US16:22 Perdue’s Ambassadorship on US-China Relations18:37 New US Envoy to China on Trade Tensions🔵Tiffany Meier’s documentary Hollywood Takeover – how Beijing is rewriting the script in America’s film industry: hollywoodtakeover.com

The United States Navy may be the most technologically advanced and broadly capable seafaring service on this planet, but in terms of sheer numbers, America’s globe-spanning Navy pales in comparison to the maritime juggernaut that is China. So, what can America do to turn the shipbuilding tide? Let’s discuss.

The goal of this video is not to cost these hardworking individuals their jobs but to shed light on a complex and multifaceted reality. The spark to film this video came after I watched a short video about Shein Village on Red, a Chinese social media platform. I noticed comments describing the unpleasant experiences of Shein’s suppliers and supply chain workers. Later, I discovered that The Wall Street Journal had also reported on labor exploitation at Shein. Wanting to verify these claims, I decided to visit the village myself.To be honest, the working conditions are not bad at all—they align with industry standards in China. The pay rate reflects the market price, and while hours are long, many workers are paid per piece, meaning the more they work, the more they earn. Overtime is sometimes mandatory due to rush orders, but there is no additional overtime pay—only piece-rate wages, which is a common practice in China’s garment manufacturing industry.These workers are not classified as Shein employees because they work for factories that handle Shein’s outsourced production. While filming, I felt deeply conflicted. On one hand, the workers and factory owners are grateful for the orders, as they rely on this work to support their families in a competitive urban economy. Many have no better alternatives but to endure situations mentioned in this video in silence. I am glad that Shein provides business opportunities for these workers, enabling them to make a living. However, because Shein is so dominant, it holds immense bargaining power, driving down the prices it pays to factories. This system undeniably exploits China’s low-cost labor. I do wish these workers were better compensated for their labor—but at whose expense? I don’t know….At 6:30 – Translation Note:The worker says in Mandarin that earning over 10,000 CNY/month requires working “shí jǐ gè xiǎo shí” (十几个小时, literally “ten-some hours”). The direct translation should be “over 10 hours of work.” My use of “12+ hours” was a personal interpretation of the phrase based on this specific context (“ten-some” in everyday usage often suggests a moderate addition, leans toward 12–18, sometimes excluding the extremes (11 or 19)). For full documentary accuracy, “over 10 hours” is the more neutral translation. I appreciate my audience’s effort in ensuring translation precision. 🙂 SHEIN Supplier Factory Wage Investigation Report: https://www.sheingroup.com/protecting…

The U.S.-China trade war reveals China’s urgency to negotiate due to economic pressures. Despite domestic propaganda claiming strength, the yuan’s weakness—hovering at 7.3 against a dollar index of 100—exposes vulnerabilities. China has made concessions, including $40 billion in U.S. tariff exemptions, softened rhetoric on reciprocal tariffs, and proposing fentanyl as a negotiation entry point. The EU’s fines on TikTok and scrutiny of Chinese exports add international pressure. U.S. Treasury Secretary Bessent’s hardline stance contrasts with Trump’s friendlier tone, yet China avoids retaliating against U.S. provocations, signaling a pragmatic shift. Historical data shows the yuan’s persistent decline, driven by weak fundamentals and reliance on state-owned banks to prop up its value. These developments underscore China’s prioritization of trade talks to stabilize its economy, despite domestic posturing.

‘The Big Money Show’ tackles the upcoming meeting between the Trump administration and China regarding tariffs and trade negotiations. #foxbusiness #foxbusiness #uschinatradewar #uschinatrade #trump