Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

China is supplying Russia with weapons to fight in Ukraine

Published

on

An unclassified U.S. intelligence report reveals that China is likely aiding Russia in circumventing Western sanctions and supplying Moscow with military and dual-use technology for use in Ukraine

The assessment, conducted by the Office of the Director of National Intelligence (ODNI) and published by the U.S. House of Representatives Permanent Select Committee on Intelligence, highlights China’s alleged involvement in supporting Russia during the ongoing conflict.

Despite China repeatedly denying any military equipment shipments to Russia since Moscow’s invasion of Ukraine in February 2022, the report claims that China is providing dual-use technology that aids Moscow’s military efforts in Ukraine, despite international sanctions and export controls.

The ODNI report specifically cites customs records showing state-owned Chinese defense companies shipping navigation equipment, jamming technology, and fighter jet parts to Russian government-owned defense companies that are under sanctions.

Chinese partnership

Furthermore, the report indicates that China has become an increasingly important partner for Russia following the invasion of Ukraine, with both nations increasing the share of bilateral trade settled in China’s yuan currency.

Additionally, Chinese and Russian financial institutions are expanding their use of domestic payment systems, further solidifying their economic ties. The report also points out that China has augmented its importation of Russian energy exports, including oil and gas rerouted from Europe.

The ODNI relies on media reports for much of the information presented in the report, and it acknowledges a lack of sufficient reporting to determine whether Beijing is intentionally hindering U.S. government export control end-use checks, including interviews and investigations, in China.

Notably, earlier in the month, French President Emmanuel Macron’s top diplomatic adviser had suggested that China was delivering items that could be used as military equipment to Russia, though not on a large scale.

While U.S. officials have expressed concern about transfers of “dual-use equipment” from China to Russia, they maintain that they have not yet seen concrete evidence of the transfer of lethal assistance from China to be used by Russia on the battlefield.

In conclusion, the intelligence report raises serious concerns about China’s involvement in supplying technology to Russia amid ongoing tensions in Ukraine and the international sanctions imposed on Russia. The findings add to the complex geopolitical dynamics between China, Russia, and Western countries, and may have implications for future diplomatic and security relations in the region.

 

Continue Reading

News

The EV transformation expands to legacy vehicles

Published

on

This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

Continue Reading

News

The degree dilemma, income shifts, debt, and dream homes

Published

on

As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

Continue Reading

News

President Biden signs TikTok bill – what’s next?

Published

on

TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now