Katyusha News Reference ——March 22, 2021

1. The United States, the European Union, Britain and Canada imposed sanctions on CCP officials on Monday for human rights abuses in Xinjiang, the first such coordinated Western action against Beijing under new U.S. President Joe Biden. Beijing hit back immediately with punitive measures against the EU that appeared broader, including European lawmakers, diplomats, institutes and families, and banning their businesses from trading with China.

2. France won’t tolerate “threats and intimidation” from China, France’s junior minister for European affairs Clement Beaune said on Tuesday.

3. Australia and New Zealand’s foreign ministers said on Tuesday there was clear evidence of human rights abuses in Xinjiang in China, and said they welcomed the sanctions imposed on Chinese officials by other Western nations.

4. For the first time, the CCP are openly wondering if the coup might be bad for their business interests. China’s state-run Global Times reported Sunday that Chinese rare-earth companies are discovering they can no longer secure their supplies easily from Myanmar.

5. China and Russia on Tuesday confirmed that they will boost cooperation to counter attempts by the United States to build a group aimed at containing their military strength and human rights abuses.

6. NATO chief Jens Stoltenberg described China as “a rising power” that “doesn’t share our values” on Monday. At the same time, the NATO chief says Beijing’s rise might help to “open a new chapter in the relationship between North America — the United States — and Europe.”

7. North Korean leader Kim Jong Un stressed to Xi Jinping the need to strengthen unity and cooperation between the two countries, North Korean state media KCNA reported on Tuesday. Kim made the remarks in a verbal message to China’s Xi, following Xi’s earlier remarks.

8. France summoned China’s ambassador on Tuesday to underscore the unacceptable nature of insults and threats aimed at French lawmakers and a researcher, and Beijing’s decision to sanction some European officials, a French foreign ministry source said.

9. Xiaomi Corp was eligible to be included on indices again, S&P Dow Jones Indices said on Monday, after a federal judge suspended a U.S. investment ban in the company on the grounds it has ties to China’s military. The index provider added it would not consider mapping technology company Luokung Technology Corp, which is also suing its inclusion in the list, for addition to indices prior to May 8.

10. The political future of Hong Kong will be mapped out early next week when a high-powered committee of China’s top legislative body meets to decide the details of a controversial overhaul of the city’s electoral system. The revamp which is expected not only to reshape the composition of the city’s Legislative Council (LegCo), but order specific requirements for who can and cannot be nominated as a candidate.

11. The Federal Communications Commission (FCC) is reviewing a complaint from a Spanish nongovernmental organization (NGO) that alleges two Chinese-run TV channels CGTN and CCTV-4 are violating FCC rules by broadcasting forced confessions from prisoners who have been tortured.

12. AMAT-US, the largest U.S. chip maker, said on Monday that its $3.5 billion acquisition of Kokusai Electric, a semiconductor equipment supplier owned by KKR, failed to get approval from Chinese regulators, a deal that changed as a deadline approached.

13. The U.S. and China are tiptoeing toward cooperation on climate change despite recent and testy high-level talks. The U.S. climate envoy, John Kerry, will join his Chinese counterpart, Xie Zhenhua, at a virtual climate conference on Tuesday.

14. The president of messaging app provider Line Corp. said Tuesday all data of its users will now be transferred to Japan and stored in the country to better protect its customers’ personal information. The measure comes after Line, whose app is used by over 86 million of Japan’s 126 million people, said last week its users’ data had been accessed by technicians in China without users being informed as required by law.

15. State-owned Qatar Petroleum (QP) on Monday signed an agreement to supply China Petroleum & Chemical Corp., aka Sinopec, with 2 million tonnes (Mt) of liquefied natural gas (LNG) per year for a period of 10 years. On Sunday, Saudi Aramco to prioritise energy supply to China for 50 years. Communist China’s need for energy shows panic.

16.A U.S. Air Force RC-135U Combat Sent electronic intelligence aircraft flew a mission over the Strait of Taiwan this morning, supposedly approaching nearly 25 nautical miles from the coast of mainland China. The Beijing-based SCS Probing Initiative claims that today’s flight came closer to the Chinese coast than any other previously recorded.

17. The Ministry of Commerce of China announced on March 22 that it had completed the ratification of the Regional Comprehensive Economic Partnership (RCEP), becoming the first country to ratify the pact. The RCEP is made up of China, Japan, South Korea, Australia, New Zealand and the 10 members of the Association of Southeast Asian Nations (ASEAN). The 15 countries formally signed the agreement on November 15 last year.

18. The AAFA, FDRA, NRF, RILA, USFIA– representing a broad swath of the U.S. business community – applaud today’s announcement of a global approach to end the campaign of oppression against Uyghurs and other ethnic Muslim minorities in the Xinjiang Uyghur Autonomous Region (Xinjiang).

II World News

1. US Secretary of State Antony Blinken will launch a European charm offensive on his first official trip to Brussels on Tuesday, looking to rebuild ties with NATO allies and the EU.

2. The United States will engage with China and Russia toward achieving North Korea’s denuclearization, National Security Adviser Jake Sullivan said Monday, signalling an emphasis on multilateral diplomacy in dealing with Pyongyang.

3. President Joe Biden’s White House team is drafting a massive $3 trillion infrastructure spending deal, according to reports. Competing with the CCP for infrastructure is a strategy that will not pay off, and the Communist State’s infrastructure puts the economy into a trap of repeated debt.

Himalaya Moscow Katyusha(RU)YinHe

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