• TwoTigers24, New York
  • October 19, 2026

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Chinese and Japanese vessels are facing off in disputed waters near Taiwan, as China cancels 40 percent of scheduled flights to Japan. Tensions between two of Asia’s biggest economies are rising fast. Marine Col. Grant Newsham joins us to unpack what this means for the region:”The Chinese are constantly testing, constantly probing, to see what the Japanese will do to defend themselves, and, as importantly, what the Americans will do to step in to help the Japanese,” he says. “[One possibility is] a standing headquarters where Japanese and American forces and officers conduct the necessary patrols and exercises, ready to defend the area, and, if necessary, to push back, or even to shoot back, if fired upon. We don’t have that. Amazingly enough, the Japanese seem to be wanting to do it themselves, and it doesn’t appear the Americans have actually talked to the Japanese and said, ‘Look, let’s do this together.'”The poor quality of Chinese goods is also back in the spotlight after a devastating fire in Hong Kong. Counterfeit goods cost one Chinese businessman millions of dollars in losses. He shares his firsthand experience: “These counterfeit goods aren’t just made by one company—they’re part of a nationwide, systematic problem.”FBI Director Kash Patel tells The Epoch Times that fentanyl traffickers are struggling as critical precursors from China dry up. But will the Chinese regime honor its side of the fentanyl deal with America?00:00 Intro00:22 Japan Expels 2 Chinese Ships From Disputed Waters01:36 China Cuts 40 Percent of December Flights to Japan03:28 Newsham on China–Japan Tensions and the Senkaku Islands04:09 Beijing Escalates Claims Over Japan’s Senkaku Islands05:12 China Risks Clash While Escalating Tensions With Japan07:09 Lack of Joint Defense Leaves Senkaku Islands Exposed10:10 China Eyes Senkaku to Secure Taiwan Flank11:50 Hong Kong Vows Reform After Fire Kills 15615:06 Fake Goods Are a ‘State-Backed’ Industry in China17:06 Patel: Cartels ‘Scrambling’ After China Fentanyl Cutoff

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YNOT — Two Tigers Consulting From Building Bridges to Watching China About 15 years ago, I founded a small company called Two Tigers Consulting with a relatively simple idea: help American and Chinese businesses work together. At the time, China represented one of the greatest business opportunities in the world — a rapidly expanding economy, extraordinary manufacturing capabilities, and ambitious entrepreneurs eager to build relationships with American companies. Two Tigers Consulting was created to help bridge that gap. For a while, it worked. We attended trade shows, arranged meetings, and introduced companies across both cultures. But after one particularly promising trade show, several Chinese businesspeople we had met were reportedly arrested upon returning to China — apparently for traveling without proper authorization. That experience taught me something important: in China, being a successful entrepreneur doesn't necessarily mean being free to conduct business. As Xi Jinping consolidated power and the political environment shifted, we concluded the potential rewards of doing business in China no longer justified the risks. Rather than abandon our knowledge entirely, Two Tigers evolved into a platform for following, discussing, and analyzing developments inside China — its economy, political leadership, and increasingly complicated relationship with the United States. I want to make absolutely clear that I have tremendous respect for the Chinese people — their entrepreneurs, engineers, and workers are extraordinarily capable. But I also believe China's political system creates fundamental contradictions: enormous private fortunes can be accumulated, yet ultimate political authority remains firmly concentrated, making relationships based on mutual trust and predictable rules extremely difficult to sustain. Today, Two Tigers is an independent publication examining China's achievements, challenges, ambitions, and contradictions — where they intersect with the United States and the broader world. What began as a small business venture now attracts roughly 10,000 visits a day. Understanding China is no longer optional: what happens there affects businesses, economies, and people throughout the world. And that is why Two Tigers continues.

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