US Drug Enforcement Agency Closing 2 Offices in China
The U.S. Drug Enforcement Agency is shutting down two offices in China, in the cities of Guangzhou and Shanghai. It took years of requests before the Chinese regime even agreed for these offices to be opened. This closure could be a troubling sign that U.S. attempts to work with the Chinese Communist Party (CCP) to shut down the flow of chemicals used in drugs such as fentanyl may have hit a wall. And that brings up the key point in all of this: whether the CCP is actually willing to stop the drug trafficking crisis. Because the real problem is that the Chinese regime itself is involved in running the drug crisis. We’ll discuss this topic and more in this episode of Crossroads.
US Reclaims Airfields to Prepare for Potential War With CCP
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The United States is moving forward to prepare for a potential war with the Chinese Communist Party (CCP). Satellite photos show that U.S. troops are reclaiming a Pacific Island airfield from World War II. This aligns with recently announced strategies that the U.S. would establish a network of airfields in the region, and staff them with troops trained to fill multiple roles. This happens as global conflicts are expanding in the Middle East, in Latin America, in Europe, and elsewhere. We’ll discuss this and more in this episode of Crossroads.
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White House Plans to Close Loophole Used by Temu and Shein
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The days of cheap prices from Chinese e-commerce companies are likely coming to an end. The White House is moving to close a trade loophole being used by Chinese online marketplaces like Shein and Temu, which will eliminate the ability of these companies to sell at significantly reduced prices. We’ll discuss in this episode of Crossroads.
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US Firms in China Watch Profits Plunge to Record Lows
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U.S. companies working in China are now watching their profits plummet to record lows. And this is not just limited to those from the United States—even European ones are watching the downturn of their businesses in China. The latest development is dashing beliefs that the market could improve. But new Chinese Communist Party policies that favor domestic companies, a tumbling economy, and an expanding global trade war now appear to be taking their toll. The development could also accelerate the process of companies leaving the country, facing dimming profits, which could likewise have a ripple effect through investment and then to the economy overall. We’ll discuss in this episode of Crossroads.
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