Satellites: How China’s Beidou Will Affect the US and the World

<!–[CDATA[ VISION TIMES By June this year, China will send its final two satellites of the Beidou network into space, thus making the navigation system fully operational. This will take the total number of Beidou satellites orbiting earth to 35, overtaking the U.S. GPS satellite network, which has 24 in orbit.   China’s Beidou Back […]

Chinese Telecom to Pay US $892M for Violating Iran Sanctions

VOA News A Chinese telecommunications company has agreed to pay $892 million for violating U.S. sanctions on Iran, settling a case that resulted in increased tension between the U.S. and China. ZTE Corporation, one of the world’s largest telecommunications gear makers, pleaded guilty to signing contracts to sell hundreds of millions of dollars’ worth of […]

Hiring ‘Princeling’ Complicates Business in China for Global Banks

Fan Yu  |  Epoch Times Two of the biggest global banks, HSBC and Citigroup, announced they are under investigation by the U.S. Securities and Exchange Commission (SEC) for candidate hiring practices. It’s believed that the investigations focus on the banks’ hiring of so-called princelings, or children of state-owned enterprises or government officials, in Asia. Companies have […]