20 Jun 2018

Chinese hackers breach satellite, defense companies

Security researchers at Symantec identified a major breach of satellite operators, defense contractors, and telecoms in the U.S. and southeast Asia by Chinese hackers. Symantec reported that the hack was likely driven by national espionage efforts working to intercept military and civilian communications. The hacks had the capabilities of changing

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20 Jun 2018

Space Force: China cautions against outer space arms race

Responding to President Trump’s executive order for the establishment of a “Space Force” within the US military, China warned that such a decision could result in an space arms race. US worries over Chinese and Russian development of powerful space technology and weaponry, mostly against satellites and GPS systems, have

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20 Jun 2018

US may be falling behind in the Arctic

New strategic shipping lanes and a number of natural resources have become accessible due to continued meltdown of the polar ice cap. And, while Russia and China have made the Arctic a strategic priority, the US did not mention it anywhere in its National Defense Strategy released in January. This

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19 Jun 2018

China’s Xi praises North Korea’s Kim for Trump summit, promises support

On his third trip to China this year, Kim met with Chinese President Xi Jinping where he received praise for the Trump summit and assurances of China’s continued friendship. “No matter the chances in the international and regional situation, China’s party and government’s resolute position on being dedicated to consolidating

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19 Jun 2018

China’s Belt and Road extends to space, too

China’s Belt-and-Road-Initiative (BRI) is a multi-trillion dollars investment in the infrastructure of Asia, Africa, and Europe, including oceans. Currently including around 70 countries, the project has begun reaching into space, as high tech satellites have begun to accompany infrastructure development projects in many countries. As a part of the BRI,

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18 Jun 2018

Google investing $550 million in Chinese e-commerce giant JD.com

Expanding its holdings in the competitive and fast-growing Asian market, Google is investing over half a billion dollars in the Chinese e-commerce giant JD.com. The Google-JD.com agreement is designed to promote JD.com products on Google’s shopping platform and expand the company into the U.S. and Europe from its regional base

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11 Jun 2018

China Hacked a Navy Contractor and Stole 600GB of Data

Chinese hackers breached a US Navy contractor in January and February, stealing information on naval technologies, weapons, and plans. While government officials have said all compromised data was unclassified, the breach underscores ongoing difficulties with contractors and agencies concerning the protection of sensitive data. The most significant breach in recent

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09 Jun 2018

China to see record number of corporate defaults this year, analysts say

A combination of a “credit crunch,” regulation, and decreased market confidence has driven a scenario likely to break negative records in the corporate bond market and drive record numbers of defaults this year. “As well as cutting their own holdings, Chinese banks have pulled back from lending to other firms

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09 Jun 2018

China’s exports to US rise while falling elsewhere

Data for the month of May shows increased trade deficit for the US vis-à-vis China, while decreasing for the rest of the world. This comes in the midst of the ongoing trade dispute that has raised uncertainty of future financial positions.  Source: China’s exports to US rise despite an overall

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06 Jun 2018

Inaugural China-Africa Defense Forum Announced

China has announced the first China-Africa Defense Forum, which will take place this summer in June and July. This step is the latest in a series of actions working to develop ties in new areas and develop more sustainable, mutually beneficial partnerships with African states as compared to its more

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