• TwoTigers24, New York
  • October 22, 2026

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Newly declassified FBI files reveal more about the relationship between former California Congressman Eric Swalwell and Chinese spy Fang Fang. Thirty U.S. academic institutions are under Pentagon scrutiny for possible ties with foreign entities, especially those with China and Russia. Researchers and a former U.S. defense official accuse a Chinese robotics giant of using innovations funded by the U.S. military. China is showcasing the future of humanoid robots. But can the industry actually turn a profit? We take a closer look at what’s at stake for these high-tech machines. The Navy is taking a major step to strengthen America’s long-range firepower. A new deal could push Tomahawk production above 1,000 missiles a year. China is seeing zero investment deals from 10 of the world’s biggest private capital firms this year, compared with a dozen deals just five years ago. What’s driving the sharp decline in foreign private investment? 00:00 Intro 01:16 FBI Files Detail Former Rep. Swalwell’s Ties to Chinese Spy 02:44 Pentagon Orders Audits of 30 Academic Institutions 03:35 China: Private Firms Must Serve Beijing’s Priorities 04:42 How US Military Funding Propelled China’s Robot Dogs 08:24 FCC Aims to Keep US Ahead in Next-Gen Tech 08:36 China’s Humanoid Robots Face Profitability Challenge 10:00 Waymo Imports China-Made Robotaxis Despite Tariffs 11:45 US Navy Signs $22.9 Billion Deal to Boost Tomahawk Output 13:14 Biggest Global Private Equity Firms Make No China Deals 16:07 China Faces Risk From Export-Driven Economic Growth 17:24 Trump Orders South Korea Drill Cuts 18:14 Iran Dispute Tests US–South Korea Ties

Source: New Details on Chinese Spy 'Honey Trap' | China in Focus

Author

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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