Day: July 6, 2025

The United States and Vietnam just sealed a major trade deal with new tariffs. One key measure targets goods sneaking into the United States through Vietnam—and it’s got Beijing on edge.Are trade tensions easing? The United States is lifting export restrictions on advanced chip-design software to China. Three industry giants confirm they’ve received the green light.Chinese leader Xi Jinping will skip this year’s BRICS summit—his first absence in 12 years in office. What does this say about his grip on power?Taiwan is preparing both soldiers and civilians in its largest annual military drill. Preparations kicked off this week amid growing threats of a possible invasion from China.Flood season is hitting southern China. A five-story building under construction suddenly collapsed into a river. We take a look at the dramatic footage.France is slapping tens of millions of dollars in fines on Chinese online retailer Shein. The company faces accusations of misleading consumers through deceptive business practices.00:00 Intro01:41 Trump Announces US Trade Deal With Vietnam04:30 US Imposes 40 Percent Tariff on Vietnam Transshipped Goods05:31 US Lifts Chip Export Restrictions to China06:22 Xi to Miss BRICS Summit for First Time in 12 Years08:11 Taiwan Tests Urban Readiness in Largest Military Drill09:15 US Envoy in Taiwan Reaffirms Support at July 4 Event11:12 Five-Story Building Collapses Into River in Southern China11:59 Observers Say Xi Jinping’s Exit Could Be Imminent15:07 French Antitrust Agency Fines China’s Shein $47 Million15:54 China Not in UK Government’s Top Tier Threat List

00:00 Introduction00:19 Debt Crisis: 30 Trillion Dilemma04:35 China Slams US-Vietnam Trade Deal 08:58 Beijing Attacks CIA

Twenty-two thousand reservists and a newly-acquired HIMARS unit are gearing up for Taiwan’s largest military drills, the Han Kuang exercises.

Recently, the topic of the failed internationalization of the RMB has become a hot topic in public opinion. On June 19th, SWIFT released the latest RMB Tracker data, showing that in May 2025, the RMB’s share in global payments by value was only 2.89%, ranking sixth, which even falls behind the Canadian Dollar’s 3.11%. This figure has significantly dropped from 4.13% in March and 3.5% in April.Join this channel to get access to perks:

Is China’s leader still calling the shots? Mike Baker sits down with Gordon Chang, author of Plan Red: China’s Project to Destroy America, to break down the swirling rumors that Xi Jinping has lost control of the Chinese military—and possibly more. They explore what Xi’s unusual absences and recent internal shakeups could mean for the future of the Chinese Communist Party.

In 2015, China set out on an ambitious 10-year plan – dubbed “Made in China 2025” – to achieve self-reliance, innovation and strength in the manufacturing industry. At the time, the nation was known as the “world’s factory” and stood at the lower end of the global industrial value chain. A tech war between the US and China significantly impacted the plan. But despite geopolitical tensions, more than 86 per cent of Beijing’s goals have been met, with several remaining targets likely to be completed by the end of 2025.