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China Says Taiwan 'Manipulating' Undersea Cable Cutting Incident Before Facts Clear

China's government has accused Taiwan of manipulating the latest severing of an undersea communications cable, claiming that the island is casting aspersions on China's involvement in the incident. The cut occurred near the Penghu Islands in the sensitive Taiwan Strait, which is a critical link for Taiwanese communications with the outside world. The Chinese government describes the damage to undersea cables as a common maritime accident.

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China Monitored Philippine Supply Run to Grounded Warship on Disputed Shoal Δ1.81

China monitored a Philippine civilian boat delivering daily provisions to the "illegally grounded" warship at the disputed Second Thomas Shoal on Tuesday, marking a resumption of tensions in the region. The move by China's coast guard signals a lack of progress in the countries' efforts to manage maritime disputes through cooperation and diplomacy. The Philippines has maintained its presence at the shoal, despite calls from China for it to leave.

China Will Work to Firmly Advance 'Reunification' With Taiwan, Premier Says Δ1.78

Chinese Premier Li Qiang has reiterated China's commitment to "firmly advance" reunification with Taiwan, opposing any external interference while appealing to the Taiwanese people as "fellow Chinese." The language used in this year's report marks a shift from previous statements, dropping the emphasis on "peaceful" reunification, reflecting China's increasing military pressure on the self-governing island. As tensions escalate, China's stance on Taiwan continues to prioritize economic relations, indicating that while reunification remains a key agenda, it may not be the primary focus amid broader geopolitical challenges.

China Vows Utmost Efforts for 'Peaceful Reunification' With Taiwan Δ1.77

China will exert utmost efforts to realise "peaceful reunification" with Taiwan, but will take all necessary steps to safeguard China's territorial integrity. Chinese President Xi Jinping has emphasized the importance of reunification, stating that Taiwan is an inalienable part of China. The Chinese government views Taiwanese identity as a threat to its national unity.

UK Concerned by Chinese Activity in South China Sea, Says Foreign Minister Δ1.76

Britain is concerned by China's "dangerous and destabilising" activity in the South China Sea, with British Foreign Minister David Lammy stating that the UK and world economy depend on these trade routes being safe and secure. The Philippines is particularly at risk, facing frequent challenges to freedom of navigation and international law. The situation has raised tensions in the region, with the US previously condemning a Chinese navy helicopter's manoeuvres that endangered a Philippine government aircraft.

Finland's Secret Service Says Frequency of Cable Incidents Is 'Exceptional'. Δ1.75

Finland's intelligence service has reported an "exceptional" rise in cable incidents within the Baltic Sea, attributing these breaches to heightened regional tensions following Russia's invasion of Ukraine. While ongoing investigations are probing specific incidents, the chief of Finland's security agency emphasized that state actors possess more sophisticated methods for underwater sabotage than simple anchor dragging. The situation has prompted increased military vigilance from NATO, highlighting the strategic significance of underwater infrastructure amid concerns of a Russia-backed "shadow fleet" operating in the area.

Taiwan Turns to Companies in Ukraine for China Contingency Planning Δ1.75

Taiwan is learning from companies in Ukraine that continue to provide critical services during wartime, including Uber and Microsoft, as it speeds up contingency planning amid heightened Chinese threats. The island is taking inspirations from Ukraine's experiences on incorporating supermarkets into the government's supply distribution network and utilizing taxi services for medical emergencies. Taiwan is revamping its air-raid alert and shelter systems, taking into account lessons from northern European countries and Baltic states.

Philippines Says Acts in National Interest in South China Sea Δ1.74

The Philippines' foreign ministry has asserted its independence and sovereignty in the South China Sea, emphasizing that its actions are driven solely by national interest. Manila's stance is a response to Chinese claims that it is being directed by external forces. The country's transparency initiative aims to shed light on China's actions in the region.

Panama to Request Legal, Financial Documents on CK Hutchison-BlackRock Port Deal Δ1.74

The Panama Maritime Authority will analyze the key transaction between CK Hutchison and a consortium backed by BlackRock to ensure protection of public interest in two ports strategically located near the Panama Canal. The deal has raised concerns about China's influence in the region amid pressure from U.S. President Donald Trump. The Panamanian government aims to safeguard the interests of its citizens amidst the changing ownership landscape.

Philippines to Scrutinize Donations by Suspected Chinese Spies Δ1.74

The Philippine government will scrutinize donations made by Chinese Communist Party-affiliated groups led by four Chinese nationals accused of espionage to determine if they were done in good faith, amid concerns about foreign influence and ulterior motives. The government has already arrested at least eight suspected Chinese spies, including the four accused of espionage, which has strained relations between the two countries. Presidential Communications Undersecretary Claire Castro emphasized the need for transparency and accountability in receiving donations from foreign sources.

US Lawmakers Press Chinese Telecoms Over Ties to Military, Government Δ1.74

US lawmakers have raised national security concerns in letters to top Chinese telecom companies, China Mobile, China Telecom, and China Unicom, citing the potential for these firms to exploit access to American data through their U.S. cloud and internet businesses. The lawmakers are seeking details on any links between the companies and the Chinese military and government by March 31, amid concerns about unauthorized data access, espionage, or sabotage. National security experts have warned that China Telecom's operations in the US could pose a significant risk to American telecommunications networks.

US Levy on China-Linked Ships Threatens Global Supply Chains Δ1.74

A plan by the US to levy fees on ships linked to China is likely to hurt global supply and industrial chains, undermining the interests of US companies. China's foreign ministry has dismissed the move as a misguided attempt to revitalise the US shipbuilding industry. The impact of the fee will be felt across industries reliant on international trade. The plan may also lead to retaliatory measures from Chinese companies.

China Imposes New Curbs on U.S. Firms as Trade Row Grows Δ1.73

China has imposed retaliatory tariffs and placed export and investment restrictions on 25 U.S. firms on national security grounds, targeting companies involved in advanced technologies and surveillance systems, amidst growing tensions between the two nations over trade and human rights issues. The move aims to restrict access to sensitive technology and limit U.S. influence in strategic sectors. China's actions reflect a broader effort to assert its sovereignty and protect domestic industries from foreign competition.

Tariffs on Taiwanese Chips Pose Global Supply Chain Risks Δ1.73

Enforcing tariffs on Taiwan would be difficult, and they wouldn’t necessarily be enough to meaningfully increase semiconductor manufacturing in the United States, experts told WIRED. The move could lead to disruptions in global supply chains, potentially affecting not just the US but also other countries reliant on Taiwanese chip exports. The outcome of this decision will depend on various factors, including the effectiveness of potential mitigation strategies.

Shipping Firms Pull Back From Hong Kong to Skirt US-China Risks Δ1.73

Companies are quietly moving out of Hong Kong and off its flag registry as concerns over potential sanctions and commandeering of vessels in a military crisis grow among shipping executives, insurers, and lawyers. The U.S. Trade Representative's office has proposed levying steep port fees on Chinese shipping companies operating Chinese-built vessels, further fueling unease across the industry. Beijing's emphasis on Hong Kong's role in serving Chinese security interests is causing concern that ships could be commandeered or hit with U.S. sanctions.

'Impossible' For US to Give Up Indo-Pacific, Taiwan Defence Minister Says Δ1.73

Taiwan's Defence Minister Wellington Koo has emphasized that the United States cannot abandon the Indo-Pacific region, asserting its significance as a "core national interest." Amid rising military pressure from China, Koo expressed concerns regarding U.S. security commitments to Taiwan, highlighting the necessity for deterrence to maintain regional stability. The relationship between Taiwan and the U.S. remains crucial, as Taiwan relies heavily on American support despite the absence of formal diplomatic ties.

China Suspends Imports of US Logs and Soybeans From Three Firms Δ1.72

China has halted soybean imports from three US entities, further ratcheting up trade tensions between the world’s two largest economies. Most American companies that export to China have been forced to suspend operations or scale back production in response to retaliatory tariffs imposed by Beijing in 2018. The move is likely to exacerbate the already strained US-China trade relationship.

China’s Government Hacks US Organizations for Financial Gain Δ1.72

The Department of Justice has criminally charged 12 Chinese nationals for their involvement in hacking over 100 US organizations, including the Treasury, with the goal of selling stolen data to China's government and other entities. The hackers used various tactics, including exploiting email inboxes and managing software, to gain access to sensitive information. China's government allegedly paid "handsomely" for the stolen data.

Asian Countries in the Cross-Hairs of Trump Tariffs Δ1.72

The U.S. trade tariffs targeting China, Mexico, and Canada have exposed Asian countries to increased risk due to their high export-to-GDP ratios with the United States. Countries such as Vietnam, Taiwan, and Thailand are particularly vulnerable to the impact of these tariffs, which could lead to delays and disruptions in global supply chains. The escalating trade tensions also pose a significant threat to the economic stability of nations with large trade surpluses with the U.S.

Iron Ore Extends Losing Streak on Sino-US Trade Tensions. Δ1.71

Dalian iron ore futures slid for a seventh consecutive session, with prices falling following reports that Chinese steel mills are reducing production to ease pollution levels ahead of the annual National People's Congress (NPC) meeting. The most-traded May iron ore contract on China's DCE closed down 1.14% at 781 yuan ($107.26) a metric ton, amidst ongoing trade tensions with the US. Tariff hikes on Chinese goods and restrictions on US firms are also affecting export outlooks.

China Tells Ai Leaders to Avoid Us Travel over Security Concerns Δ1.71

Chinese authorities are instructing the country's top artificial intelligence entrepreneurs and researchers to avoid travel to the United States due to security concerns, citing worries that they could divulge confidential information about China's progress in the field. The decision reflects growing tensions between China and the US over AI development, with Chinese startups launching models that rival or surpass those of their American counterparts at significantly lower cost. Authorities also fear that executives could be detained and used as a bargaining chip in negotiations.

China's Countermeasures Spark Market Uncertainty. Δ1.71

China has swiftly retaliated against fresh U.S. tariffs, announcing 10%-15% hikes to import levies covering a range of American agricultural and food products, and placing twenty-five U.S. firms under export and investment restrictions. The move aims to deescalate tensions by limiting the impact on its domestic market, but raises concerns about the potential for a prolonged trade war. As the situation unfolds, market participants are left wondering how long China will resist further escalation.

US Congressional Panel Urges Americans to Ditch China-Made Routers Δ1.71

A U.S. congressional committee has urged Americans to remove Chinese-made wireless routers from their homes, citing a security threat that could allow China to hack into critical infrastructure. The House of Representatives Select Committee on China is investigating China's TP-Link Technology Co, which is the top seller of WiFi routers internationally by unit volume. The Commerce Department is considering a ban on the sale of the company's routers.

TRADE WAR HEATS UP: China Requests WTO Dispute Settlement Consultations with US on Tariffs Δ1.71

China has submitted a revised request for dispute settlement consultations with the United States to address new U.S. tariffs applied on goods originating in China, according to the World Trade Organization. The Trump administration's latest tariff hike has heightened fears of a renewed trade war between the two largest economies. China's revised request comes after an extra 10% duty on Chinese goods took effect Tuesday, adding to the 10% tariff imposed by U.S. President Donald Trump on February 4.

US Charges Chinese Hackers Who Targeted Government Dissidents Δ1.71

The Justice Department has indicted 12 Chinese nationals for their involvement in a hacking operation that allegedly sold sensitive data of US-based dissidents to the Chinese government, with payments reportedly ranging from $10,000 to $75,000 per hacked email account. This operation, described as state-sponsored, also extended its reach to US government agencies and foreign ministries in countries such as Taiwan, India, South Korea, and Indonesia. The charges highlight ongoing cybersecurity tensions and the use of cyber mercenaries to conduct operations that undermine both national security and the privacy of individuals critical of the Chinese government.

China Hits US Soybean Firms, Halts Lumber Imports as It Steps Up Retaliation Against Trump Tariffs Δ1.71

China has suspended the import licenses of three U.S. soybean firms and halted U.S. lumber imports as part of its retaliation against recently imposed U.S. tariffs. This escalation follows the U.S. decision to levy additional duties on Chinese goods, prompting China to impose tariffs on a range of U.S. agricultural products. The actions reflect the ongoing trade tensions and highlight the vulnerabilities in agricultural trade, particularly affecting U.S. farmers who rely heavily on exports to China.