Category: China

  • MIL-OSI: Artisan Partners Asset Management Inc. Reports May 2025 Assets Under Management

    Source: GlobeNewswire (MIL-OSI)

    MILWAUKEE, June 10, 2025 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management (“AUM”) as of May 31, 2025 totaled $170.9 billion. Artisan Funds and Artisan Global Funds accounted for $83.4 billion of total firm AUM, while separate accounts and other AUM1 accounted for $87.5 billion.

    PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2    
         
    As of May 31, 2025 – ($ Millions)    
    Growth Team    
    Global Opportunities   $19,683  
    Global Discovery   1,825  
    U.S. Mid-Cap Growth   10,615  
    U.S. Small-Cap Growth   2,719  
    Franchise   778  
    Global Equity Team    
    Global Equity   355  
    Non-U.S. Growth   14,263  
    China Post-Venture3   117  
    U.S. Value Team    
    Value Equity   4,960  
    U.S. Mid-Cap Value   2,486  
    Value Income   16  
    International Value Group    
    International Value   49,518  
    International Explorer   746  
    Global Special Situations   20  
    Global Value Team    
    Global Value   31,590  
    Select Equity   326  
    Sustainable Emerging Markets Team    
    Sustainable Emerging Markets   1,792  
    Credit Team    
    High Income   12,377  
    Credit Opportunities   318  
    Floating Rate   88  
    Developing World Team    
    Developing World   4,650  
    Antero Peak Group    
    Antero Peak   2,138  
    Antero Peak Hedge   254  
    International Small-Mid Team    
    Non-U.S. Small-Mid Growth   5,660  
    EMsights Capital Group    
    Global Unconstrained   930  
    Emerging Markets Debt Opportunities   1,070  
    Emerging Markets Local Opportunities   1,617  
         
    Total Firm Assets Under Management (“AUM”)   $170,911  

    1 Separate account and other AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds. Separate account and other AUM includes assets we manage in traditional separate accounts, as well as assets we manage in Artisan-branded collective investment trusts, and in our own private funds.
    2 AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $116.7 million in aggregate for which Artisan Partners provides investment models to managed account sponsors (reported on a lag not exceeding one quarter).
    3 The China Post-Venture strategy is currently in the process of being wound down.

    ABOUT ARTISAN PARTNERS
    Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners’ autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

    Investor Relations Inquiries: 866.632.1770 or ir@artisanpartners.com
    Source: Artisan Partners Asset Management Inc.

    The MIL Network

  • MIL-OSI: Globalink Investment Inc. Announces Charter and Trust Agreement Amendments

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 10, 2025 (GLOBE NEWSWIRE) — Globalink Investment Inc. (OTC Pink: GLLI, GLLIW, GLLIR, GLLIU) (“Globalink” or the “Company”), a special purpose acquisition company, announced today that its stockholders approved amendments to its charter and trust agreement to extend the deadline to complete its initial business combination and change the structure and cost of such extensions. Under the amended charter, Globalink may extend the deadline to complete its initial business combination by up to six (6) monthly extensions, from June 9, 2025 to December 9, 2025 by depositing $0.15 per public share into its trust account (the “Trust Account”) with Continental Stock Transfer and Trust Company (“Continental”).

    Globalink’s stockholders, at a special meeting of its stockholders held on June 4, 2025, approved an amendment to Globalink’s Amended and Restated Certificate of Incorporation, as amended (the “Charter Amendment”), and Globalink’s Investment Management Trust Agreement, as amended, originally entered into on December 6, 2021 with Continental (the “Trust Agreement Amendment”) to extend the deadline to complete Globalink’s initial business combination from June 9, 2025 to up to December 9, 2025 for up to six times of monthly extensions, by depositing into the Trust Account $0.15 per public share prior to each one-month extension.

    The Charter Amendment triggered a right of Globalink’s public stockholders to demand the redemption of their public shares out of funds held in the Trust Account. Holders of 204,910 public shares properly requested redemption leaving 72,601 public shares outstanding.

    As a consequence of the adoption of the Charter Amendment and the Trust Agreement Amendment and the redemptions, Globalink can now obtain up to six monthly extensions, or up until December 9, 2025, to complete its initial business combination at a cost of $0.15 per public share per extension.

    About Globalink Investment Inc.

    Globalink is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although there is no restriction or limitation on what industry or geographic region, Globalink intends to pursue targets in North America, Europe, South East Asia, and Asia (excluding China, Hong Kong and Macau) in the technology industry, specifically within the medical technology and green energy sectors.

    Cautionary Statement Regarding Forward-Looking Statements

    Certain statements in this press release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the negative of those terms or other comparable terminology. These statements are based on the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause future events to differ materially from those in the forward-looking statements, many of which are outside of the Company’s control. These factors include, but are not limited to, a variety of risk factors affecting the Company’s business and prospects, see the section titled “Risk Factors” in the Company’s Prospectus filed with the SEC on December 6, 2021 and subsequent reports filed with the SEC, as amended from time to time. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Globalink Contact:

    Say Leong Lim
    Globalink Investment Inc.
    Telephone: +6012 405 0015
    Email: limsayleong@hotmail.com 

    The MIL Network

  • MIL-OSI USA: Oregon State Parks and Recreation Commission meets June 17-18 in Independence

    Source: US State of Oregon

    NDEPENDENCE, Oregon — The Oregon State Parks and Recreation Commission will convene June 17 and 18 in Independence, Oregon to discuss rulemaking, small land purchases and legislative updates.

    On June 17, commissioners will take a water trail boat tour and then conduct a work session on the Salmonberry Trail and Central Business Services from 12:30 to 3:30 p.m. at Independence Event Center, 555 South Main Street.

    On June 18, commissioners will convene an executive session at 8:30 a.m. at Independence Event Center, 555 South Main Street to discuss real estate and legal issues. Executive sessions are closed to the public. A business meeting will begin at 9:45 a.m. and will be open to the public.

    Anyone may attend or listen to the business meeting; instructions on how to listen will be posted on the commission web page prior to the meeting. The business meeting includes time for informal public comment related to any items not on the agenda. Registration is required to speak at the meeting if attending online, and is available online at https://bit.ly/registerjuncommission. The deadline to register to speak at the meeting virtually is 5 p.m., June 16. No advance registration is required to speak in person at the meeting. Time per speaker is limited to three minutes. Please submit written public comments by 5 p.m. June 16 to OPRCpubliccomment@oprd.oregon.gov.

    The full agenda and supporting documents will be posted on the commission web page. Notable requests:

    • Request to adopt a proposed rule change (OAR 736-024-0015) to prohibit driving on the ocean shore in Manzanita as requested by the Manzanita City Council due to safety concerns.
    • Request to adopt a proposed rule update (OAR 736-015-0030) to expand the 25% out-of-state surcharge to parking permit fees for visitors who do not live in Oregon, which would increase daily parking permit fees by $2 for out-of-state visitors.
    • Request to open rulemaking for implementation prior to House Bill 3190, which reauthorizes the Special Assessment of Historic Properties program as a 10-year benefit for commercial, income-producing historic properties.
    • Request to open rulemaking contingent on the passage of Senate Bill 838B, which would provide OPRD a limited exemption from the state’s Public Contracting Code— to better serve park visitors and support local businesses based on the agency’s 24/7 operations schedule. The exemption does not apply to surplus property, information technology, photogrammetric mapping or telecommunications.
    • Request to purchase a 37-acre parcel of property next to Silver Falls State Park for $960,000. The land could provide needed staff housing, emergency response access and is located near the future Visitor Center near North Falls, which would provide easy access for staff.

    Anyone needing special accommodations to attend the meeting should contact Denise Warburton, commission assistant, at least three days in advance: denise.warburton@oprd.oregon.gov or 503-779-9729.

    The Oregon State Parks and Recreation Commission promotes outdoor recreation and heritage by establishing policies, adopting rules and setting the budget for the Oregon Parks and Recreation Department. The seven members are appointed by the Governor and confirmed by the Oregon Senate. They serve four-year terms and meet several times a year at locations across the state.

    MIL OSI USA News

  • MIL-OSI USA: Hagerty Introduces Trump’s Nominees Andy Puzder, Jacob Helberg

    US Senate News:

    Source: United States Senator for Tennessee Bill Hagerty
    WASHINGTON—Today, United States Senator Bill Hagerty (R-TN), a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, introduced Andy Puzder, President Donald Trump’s nominee to be U.S. Ambassador to the European Union, and Jacob Helberg, President Trump’s nominee to be Under Secretary of State for Economic Growth, Energy, and the Environment.

    *Click the photo above or here to watch*
    Remarks as prepared for delivery:
    Chairman Risch and Ranking Member Shaheen, thank you for holding today’s hearing.
    It is my honor to introduce two of my good friends this morning:
    Mr. Andy Puzder—President Trump’s nominee to be U.S. Ambassador to the European Union; and,
    Mr. Jacob Helberg—President Trump’s nominee to be Under Secretary of State for Economic Growth, Energy, and the Environment.
    Let me first speak to Andy’s qualifications.
    Andy is a patriot whose highly accomplished career in business, law, and public policy makes him an excellent candidate for this ambassadorial role.
    Andy is widely recognized for his leadership as the former CEO of CKE Restaurants, the parent company of Carl’s Jr. and Hardee’s.
    During his tenure, he led the company through a significant turnaround, growing CKE’s role as a major player in the global fast-food industry.
    Under Andy’s leadership, CKE expanded to over 3,800 restaurants across 45 states and 40 foreign countries, with more than 115,000 employees worldwide.
    His experience navigating international markets and cross-border business challenges gives him a practical, hands-on understanding of global commerce—an asset of particular relevance to a diplomatic post in Brussels that is focused on transatlantic economic relations.
    Yet his qualifications extend beyond the boardroom.
    Andy is a seasoned attorney, a published author, and a deeply respected voice in national debates over public policy.
    He has also been a vocal advocate for pro-growth economic policies, regulatory reform, and other efforts to strengthen American competitiveness in global markets—issues that are central to the ongoing relationship between the United States and the European Union.
    As the nominee to be U.S. Ambassador to the EU, Andy brings with him not only decades of executive leadership, but also a clear understanding of how economic policy affects real people, businesses, and international relationships.
    At a time when transatlantic cooperation faces both opportunities and challenges—from trade and technology to security—his experience and know-how will be critical to furthering ties between the United States and Europe in support of President Trump’s agenda.
    Let me now turn to Jacob Helberg, a nominee whose vision, intellect, and tenacity make him uniquely qualified for the role of Under Secretary of State for Economic Growth, Energy, and the Environment.
    His nomination comes at a pivotal moment.
    From economic coercion to critical mineral choke points to energy issues and the weaponization of advanced technologies, the challenges posed by adversaries to our nation are urgent and complex.
    To meet these challenges, we need fierce advocates for American competitiveness like Jacob at the State Department.
    Over the years I have known Jacob, I have found that he is a true visionary, with a rare ability to take big, strategic ideas and turn them into meaningful action.
    I remember when Jacob came by my office shortly after being nominated and I commented that his nomination was likely very unwelcome news in Beijing—and for good reason.
    Jacob’s ideas and publications have helped reframe how policymakers view China’s predatory trade practices and the strategic dimensions of emerging technologies in AI, space, and robotics.
    Jacob is a public servant, whose work as a commissioner on the U.S.-China Economic and Security Review Commission has driven U.S. policy toward a safer and more prosperous future.
    And Jacob is an internationally recognized leader, whose Hill and Valley Forum has become a preeminent venue for bringing Washington policymakers and Silicon Valley innovators together to address important economic and national security issues—the same issues that Jacob will tackle if confirmed as Under Secretary.
    At a time when authoritarian regimes like China exploit economic tools and emerging technologies to undermine our national interests, Jacob’s nomination reflects the urgent need for strategic, tech-savvy leadership of U.S. foreign policy.
    Jacob will bring to the role of Under Secretary not only a profound understanding of the global economy, but also a powerful grasp of the digital battlegrounds where this century’s great power competition is playing out.
    I have no doubt that Jacob will serve with integrity, focus, and a determination to strengthen America’s hand on the world stage.
    Mr. Chairman, thank you for the opportunity to introduce my friends Andy and Jacob this morning.
    I would also like to extend my regards to Ben Black, nominated to lead the U.S. International Development Finance Corporation, whose expertise in investment and development will be instrumental in advancing our nation’s global economic interests.
    We need these highly qualified leaders on the frontlines of American diplomacy, and I urge my colleagues to support their nominations.

    MIL OSI USA News

  • MIL-OSI USA: Tuberville Speaks with U.S. Navy Secretary and U.S. Marine Corps Commandant

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville
    WASHINGTON – Today,U.S. Senator Tommy Tuberville (R-AL) participated in a Senate Armed Services Committee hearing to receive an update on U.S. Naval operations. During the hearing, Senator Tuberville spoke with Secretary of the Navy John Phelan about the implementation of AI in shipbuilding. Additionally, he spoke with General Eric Smith, Commandant of the Marine Corps, about the mistreatment of an Alabama constituent.
    Read Sen. Tuberville’s remarks below or on YouTube or Rumble.
    ON IMPLEMENTING AI IN SHIPBUILDING
    TUBERVILLE: “Thank you, Mr. Chairman. Just a quick statement, Secretary Phelan. Everything we read obviously is China’s using AI on almost everything that they do. They can build a bridge in three months that takes us three years. I’m sure ship building is part of that. And your travels, hopefully, we’re getting into that. I don’t know how far and how impressed you have been with that. Any thoughts?”
    PHELAN: “So, Senator, thanks for that. We’re slowly adapting and getting there. I think that there is more that we need to do, and we’re focused in the public shipyards trying to get that done. You know, I saw at Fincantieri (Marine Group), actually, they have these 3D goggles where you can actually look at where they’re welding and how it matches up, versus the blueprint to make sure that they’re not off because the precision of this manufacturing is incredibly intense. I mean, these are very complicated things. So, we’re getting there, and I think implementing AI even just basically digital twinning of projects there are a number of things we have to do to get in and done that I think will speed up construction, make design faster. We spend way too much time in requirements and design. This needs to move much, much quicker. So, streamlining that, I think, will be helpful as well.”
    TUBERVILLE: “Just what I read, it looks like we’re just falling farther and farther behind, you know, the Chinese, and we can’t deal with that too much.”
    ON MISHANDLING INVESTIGATION OF ALABAMA MARINE
    TUBERVILLE: “General Smith, I’d like just to make a statement here and discuss [with] you about a constituent matter. Normally, this would be handled in the emails and conversations between our staffs. And after more than seven months of headquarters of the Marine Corps being evasive and unresponsive to my questions, here we are. A little over two years ago, we had an F-35 crash in Charleston, South Carolina. The pilot, an Alabama constituent who entered service from my state, had been selected for a very important command and was in the process of converting from another aircraft and staying current for his new job.”
    “This mishap got a lot of attention because the pilot ejected, the aircraft continuing to fly for an extended period of time before it eventually hit the ground. Of course, there was no way for the pilot to know that this would happen. If he had, he would have remained in the aircraft. What the pilot knew at the time was that the weather was bad. He had no visual reference with the ground and his primary and secondary instruments had completely failed. Disoriented by the cascading failures and [being] low to the ground he ejected.”
    […]
    “It is important to emphasize that all information on this mishap and the investigation had been available to headquarters of the Marine Corps for more than eight months by this point, and it was also available when this family was moved across the country. During the video call relieving him, this marine was told by the deputy commandant for aviation that ‘you’ve done nothing wrong, you’re doing a great job.’ But the commandant had decided ‘you could not stay in command.’ I wonder what the reasons were for this erratic and hasty decision. The officer who conducted the command investigation inappropriately offered his opinion.”
    […]
    “General Smith, I’d like you to get answers to these questions I’ve been asking since October. I’d prefer it to happen through normal means instead of a hearing. But I am chairman of the subcommittee on personnel, and we can arrange that. But to Tre and Jess Del Pizzo and their family, thank you for your many years of service and sacrifice to this great nation. I think you deserve much better here. There is no excuse to treat a Marine and his family this way. So, I look forward to hearing from you, General Smith. Thank you.”
    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News

  • MIL-OSI Russia: Chinese Foreign Minister Meets with Foreign Ministers of Several African Countries

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    CHANGSHA, June 10 (Xinhua) — Chinese Foreign Minister Wang Yi on Tuesday held separate meetings with a number of African counterparts who arrived in China to attend the ministerial meeting of the coordinators of the implementation of the Forum on China-Africa Cooperation (FCAC) to be held in Changsha, capital of central China’s Hunan Province.

    The African foreign ministers Wang Yi met with included Kenya’s Musalia Mudavadi, Senegal’s Yassine Fall, Tanzania’s Mahmoud Thabit Kombo, Namibia’s Selma Ashipala-Musawya, Botswana’s Penyo Butale and Angola’s Tete Antonio.

    At the meeting with Mudavadi, Wang Yi, also a member of the Politburo of the CPC Central Committee, said that China is willing to work with Kenya to implement the consensus reached by the heads of state of the two countries, firmly support each other, strengthen mutual trust, consolidate the political foundation of China-Kenya relations, and continuously inject strong impetus into bilateral cooperation.

    Noting that the ministerial meeting is a gathering of Chinese and African countries, the Chinese Foreign Minister expressed confidence that it will certainly strengthen the unity of the countries of the Global South.

    He added that China attaches great importance to Kenya’s role and influence and is willing to strengthen strategic communication and coordination to jointly safeguard the legitimate rights and interests of developing countries and the fundamental norms of international relations.

    M. Mudavadi, for his part, assured that strict adherence to the one-China principle is the cornerstone of Kenya’s foreign policy, and the Kenyan side will continue to firmly stand by China. The diplomat added that Kenya expects to further deepen Kenyan-Chinese cooperation for mutual benefit and common gain.

    During the meeting with Yi Fal, Wang Yi said that China is willing to continue to share new development opportunities with African countries, including Senegal, and promote the modernization of African countries.

    Wang Yi added that China is willing to work with Senegal to uphold the concept of multilateralism and the fundamental norms of international relations, as well as the legitimate rights and interests of developing countries, international fairness and justice.

    For her part, Ya. Fall assured that Senegal firmly adheres to the one-China principle and will defend the strong friendship between the two countries, as well as between Africa and China.

    Senegal hopes to strengthen high-level exchanges with China and promote quality improvement and renewal of bilateral cooperation, the diplomat said, adding that her country welcomes increased investment from China.

    At the meeting with M. T. Kombo, the Chinese diplomat noted that Tanzania has become one of the countries where the results of the Beijing FCAS summit are being implemented most effectively, and the Chinese side appreciates Tanzania’s understanding and support for China’s legitimate position on issues affecting its core interests.

    China hopes to work with Tanzania and Zambia to revitalize the Tanzania-Zambia railway and set a model for mutually beneficial cooperation between China and Africa, Wang said.

    M. T. Kombo, for his part, thanked China for its assistance in Tanzania’s national construction and development and for providing it with a zero customs duty regime, saying that China has become one of Tanzania’s most important trade and economic partners.

    The diplomat assured that Tanzania firmly adheres to the one-China principle and is firmly committed to friendship between the two countries.

    During the meeting with S. Ashipala-Musavi, Wang Yi expressed China’s willingness to work with Namibia to continue the fine traditions of mutual trust, mutual support and sincere attitude towards each other, and help China-Namibia friendship to radiate new vitality in the new era.

    The Chinese Foreign Minister also pointed out that the two sides need to strengthen the alignment of their development strategies, promote the improvement of quality and renew mutually beneficial cooperation so that Namibia can accelerate the industrialization process and bring more benefits to its people.

    S. Ashipala-Musavi, for her part, stated that Namibia looks forward to strengthening its engagement with China and expressed firm confidence that the current ministerial meeting of coordinators will yield significant results.

    At the meeting with P. Butale, Wang Yi recalled that this year marks the 50th anniversary of the establishment of diplomatic relations between China and Botswana, pointing out that China supports Botswana in seeking an independent and self-sufficient development path.

    Noting that China is willing to work with Botswana to achieve more significant results in mutually beneficial cooperation, Wang Yi noted that China intends to further open its market to Botswana and explore opportunities to expand cooperation in areas such as trade and economy, energy, manufacturing and health care.

    P. Butale, for his part, assured that Botswana firmly adheres to the one-China principle and strives to deepen cooperation within the framework of the Belt and Road.

    At the meeting with T. Antonio, Wang Yi said that China adheres to a consistent and stable policy towards Angola, providing assistance without any political conditions.

    Wang Yi said China supports Angola’s efforts to promote national development, encourages and supports Chinese enterprises to increase investment in Angola, and hopes that Angola will protect the legitimate rights and interests of Chinese enterprises and employees in Angola.

    T. Antonio, for his part, expressed gratitude to hundreds of Chinese companies for their contribution to the development of Angola and the construction of infrastructure, adding that his country is ready to strengthen multilateral cooperation with China and properly carry out its duties as the Chairman of the African Union. –0–

    MIL OSI Russia News

  • MIL-OSI USA: Senator Marshall Applauds FBI for Stopping Potential Billion-Dollar “Agroterrorism” Event Against Kansas’ Wheat Crops

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall
    Washington –U.S. Senator Roger Marshall, M.D. (R-Kansas) today issued a statement applauding the FBI’s recent arrest of two Chinese nationals, with alleged Chinese Communist Party (CCP) ties, who were caught smuggling the fungus Fusarium Graminearum into the United States. This fungus can cause ‘head blight’, which devastates wheat, barley, maize, and rice crops, and has caused billions of dollars in economic losses globally. When ingested, the toxins can cause liver damage, vomiting, and reproductive defects in both humans and livestock.
    “I want to thank FBI Director Kash Patel for saving Kansas’ economy and America’s food supply from potential ruin. Kansas, the largest wheat producer in America, faces the constant threat of wheat scab, a devastating disease that could wipe out a major portion of both Kansas’ and the United States’ economy,” said Senator Marshall. “I have long maintained that food security is national security, and the FBI’s arrest of two individuals with alleged ties to the Chinese Communist Party only reinforces the critical need to protect American agriculture from foreign influence, interference, and ownership.”
    Background:
    Senator Marshall previously introduced the Protecting American Agriculture from Foreign Adversaries Act, which would help prevent improper foreign interference and disruption to the U.S. agriculture industry.
    Senator Marshall has also continuously spoken out against the lies around COVID-19, both from China and the Biden-Harris Administration.  
    In 2024, Senator Marshall joined fellow Kansas U.S. Representative Tracey Mann (R-Kansas-01) in demanding that he stand up against a proposal before the United Nations’ Food and Agriculture Organization’s (FAO) Council that would alter governance and leadership arrangements at the FAO, strengthen China’s position in the organization, and weaken American agricultural leadership on the world stage.

    MIL OSI USA News

  • MIL-OSI USA: NIH Director Commits to Providing Detailed List of Total Staff Reductions at NIH By End of Day; Senator Murray Grills Director on Cuts to Clinical Trials, Grant Terminations

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ICYMI: Murray, DeLauro, Baldwin Blast Director Bhattacharya for Terminating Thousands of Active NIH Grants, Upending Research, Threatening Patient Treatment
    ***WATCH: Senator Murray’s exchange with Bhattacharya***
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, questioned National Institutes of Health (NIH) Director Dr. Jayanta Bhattacharya at a Senate Appropriations Labor, Health and Human Services, Education, and Related Agencies Subcommittee hearing on the president’s fiscal year 2026 budget request for NIH. Senator Murray secured a commitment from Dr. Bhattacharya to provide a detailed list of total staff reductions across NIH—by Institute, Center, and Job Function—under the Trump administration by the end of the day. Senator Murray also grilled Dr. Bhattacharya on the abrupt termination of at least 160 clinical trials and the delay and freezing of grant funding, which is disrupting lifesaving research across the country.
    In her opening comments, Vice Chair Murray said:
    “I am extremely proud of the work that I’ve done on a bipartisan basis to strengthen our investments in NIH, to support lifesaving research, and to really maintain American leadership in biomedical innovation. I’m not going to mince words today about how that progress is now being unraveled.
    “What the Trump administration is doing to NIH right now is, frankly, catastrophic. Over the past few months, this administration has fired and pushed out nearly 5,000 critical employees across NIH, prevented nearly $3 billion dollars in grant funding from being awarded, and terminated nearly 2,500 grants—totaling almost $5 billion dollars for lifesaving research that is ongoing—that includes clinical trials for HIV and Alzheimer’s disease.
    “Across the country, including in my home state of Washington, research institutions have been waiting for months to receive funding for grants they’ve already been awarded. Meanwhile, NIH is cutting down on grant awards—with thousands of fewer research grants this year, and almost 15,000 fewer next year if the administration has its way.
    “Because, to pile on to this destruction, you and the President are requesting that we now slash NIH’s budget by 40 percent, or $18 billion dollars. I cannot fathom to what end. The Trump administration is already systematically dismantling the American biomedical research enterprise that is the envy of the world—throwing away billions in economic activity in every one of our states, and jeopardizing the lifesaving work of researchers across the country.
    “This budget proposal would effectively forfeit our leadership in research innovation and competitiveness to China. It would mean we depend on China for the latest treatments for devastating diseases.
    “No one in America wants us to do less cancer research. No one is asking you to make it harder to research Alzheimer’s disease. And no one is asking you to cut lifesaving clinical trials.

    “We are hearing this from the experts themselves. You just received a letter signed by hundreds of your own staff who believe this administration’s actions risk breaking NIH and the lifesaving work it does. I really hope you heed their warning, and it should go without saying, but I expect none of them to face retaliation for raising those concerns.
    “Everyone on this dais wants NIH to succeed. And you’re going to need to see some major changes from what you are doing right now to get us back on the right path.”
    [STAFF PUSHED OUT ACROSS NIH]
    Senator Murray began her questioning by following up on points she raised on a phone call with Dr. Bhattacharya last week, and that her staff has been asking for answers to for months: “We spoke on the phone last week, I appreciate that, I want to follow up on those questions and what I’ve been trying to get answers from you for months. You told me 25 staff have been fired from the NIH Clinical Center out of the 1,445 who have been fired across the entire agency. But that does not include staff leaving after being offered buyouts or threatened with future layoffs. I want to know, what is the total number of employees who left the Clinical Center and the entire agency as a result of the Trump Administration’s personnel actions in total?”
    “The numbers I have in front of me are for the Reduction in Force, that’s the 25 I mentioned in our conversation. We’ll get those numbers for the retirements to you,” said Dr. Bhattacharya.
    “Well, I told you I was going to ask for this [information] over the phone, I requested this multiple times, how come you do not have that for us today?” said Senator Murray.
    “My misunderstanding, I thought you were asking for the Reduction in Force numbers,” said Dr. Bhattacharya.
    “No. I was being very clear,” said Senator Murray. “I want to know, by the end of the day, can I have a detailed list of reductions in staff by Institute, by Center, by job function—not just the RIFs, but total staff reductions. Can I have that by the end of the day?”
    “Yes,” Dr. Bhattacharya committed.
    “Okay. Those are really basic questions, and I want to see that by the end of today,” Senator Murray said.
    [GRANT CANCELLATIONS FOR CLINICAL TRIALS]
    Senator Murray continued her questioning by asking Dr. Bhattacharya about NIH cuts to, and termination of, hundreds of clinical trials over the past few months: “Now I am also particularly concerned, as I told you, about cuts to clinical trials—which are harming patients’ care nationwide, and the chance for better treatments and cures. NIH has now terminated at least 160 clinical trials. In addition to terminating grants, you are also delaying grant awards and freezing, or significantly delaying, institutions from being able to draw down their grant funding, which is disrupting clinical trials—to say nothing of other research that it is now threatening. How many clinical trials across the country have been impacted by the grants you have terminated, frozen, or delayed?”
    “Senator, I don’t have the number for the specific numbers of trials,” Dr. Bhattacharya replied. “We’ve worked to make sure that no patients enrolled in the clinical trials are, have any delay in their care as a result of the—in 2020, the NIH terminated a very large number of clinical trials.”
    “Well I’m asking you about today, under your direction,” SenatorMurray said.
    Dr. Bhattacharya responded, “I don’t have specific numbers, and a lot of that is subject to negotiations. I’ve set a process where people can appeal for, if there’s any decisions made regarding grant pauses and terminations and we’re actively working to make sure that that appeals process is going. The numbers are in flux, and I’m happy to get some of those numbers to you later.”
    Senator Murray said, “Well we do know that patient care is being impacted, at your own Clinical Center and in more than 100 clinical trials in the country.”
    “On May 30th, you terminated a 23-year research effort to develop an HIV vaccine, just as scientists, including at the Fred Hutch Center in Seattle, are on the cusp of a functional cure for HIV. Terminating those HIV vaccine trials now cuts off access to treatment for 6,000 patients in the network. You canceled a clinical trial evaluating new evidence-based interventions for Type 2 Diabetes in rural communities in Appalachia. You terminated a clinical trial studying immunotherapy in combination with monoclonal antibodies to treat women with recurrent ovarian cancer. That is what has already happened. So now you are coming to us today, proposing to cut NIH funding by 40 percent next year. Tell us how many fewer clinical trials would you fund in the next fiscal year with a budget cut of $18 billion dollars from NIH?” Senator Murray asked.
    “Senator, can I just address HIV, because I am absolutely committed—in 2019, President Trump issued a challenge for us to eliminate the threat to HIV in this country,” Dr. Bhattacharya said. “And we’ve had a 22 percent reduction in HIV transmission since then. We now have the technological tools to do that, and I’ve been working on developing a program to actually implement this vision, so we can use—”
    “But you did terminate the HIV research at Fred Hutch that, again, was on the cusp of a treatment for 6,000 patients nationwide. You did do that?” Senator Murray pushed back.
    “I don’t—I’d have to get back to you on that,” Dr. Bhattacharya replied.
    “You did do that,” SenatorMurray said.
    “Senator, I think we actually have now the chance, with the existing technologies, Lenacapavir and other treatments, to actually address—” Dr. Bhattacharya hedged.
    “I’m delighted to hear that, but I’m just telling you what clinical trials have been terminated and I’m asking you this because we have to write an appropriations bill,” SenatorMurray replied.“How many fewer clinical trials will you fund in the next fiscal year with an $18 billion dollar cut? That’s your budget request.”
    “Senator, the budget request is a work of negotiation between Congress and the administration. President Trump has issued a letter to Secretary Kratsios committing the United States to be the leading nation—” dodgedDr. Bhattacharya.
    “Well you’re not answering the question. We need to know how many fewer clinical trials, can you get that number back to me please? You’re asking for a budget, we’re trying to figure out what that will fund. That’s our job,” SenatorMurray said.
    “The number depends on what the requests we get for proposals from all across the country. The budget itself would be dependent on what you all do, as well as what the administration does,” Dr. Bhattacharya responded.
    Senator Murray pressed, “Well I know, but we are trying to write a budget with the knowledge that you have, with the request that you have, I’m asking a question, how many fewer clinical trials—we need an answer back to that.”
    Dr. Bhattacharya again said, “It’s hard to give an answer back to that because I don’t know what the proposals are going to be.” To which Senator Murray replied: “You came here today to ask for a budget that reduces NIH significantly. I would expect as Director, you would know the impacts of that. We need to know what the impacts are in order to fund that budget.”
    “Senator, I mean it’s hard to say what the researchers of the country are going to do in response, for a hypothetical budget—” repliedDr. Bhattacharya.
    “Would you say there’s going to be MORE clinical trials under that? Under an $18 billion dollar, 40 percent cut?” Senator Murray asked.
    “It seems unlikely,” Dr. Bhattacharya admitted. “But I will say this, that the budget itself is a negotiation between the administration and Congress. Congress allocates the funds. I am absolutely committed to making sure that, whatever the allocation goes, that we address the health—
    “You are asking us for a significant reduction. It will impact the health of the United States of America. This committee has an obligation to know how you are spending that money,” Senator Murray concluded.
    ___________________________________
    Senator Murray has been a leading voice in Congress raising the alarm over HHS’ unilateral reorganization plan and slamming the closure of the HHS Region 10 office in Seattle and the CDC’s National Institute for Occupational Safety and Health (NIOSH) Spokane Research Laboratory. Senator Murray has sent oversight letters and hosted numerous press conferences and events to lay out how the administration’s reckless gutting of HHS is risking Americans health and safety and will set our country back decades, and lifting up the voices of HHS employees who were fired for no reason and through no fault of their own.
    In particular, Senator Murray has been leading the charge against the Trump administration’s efforts to gut lifesaving research at NIH and push out nearly 5,000 NIH skilled scientists, grants administrators, and other employees at the agency. Senator Murray released a statement decrying the Trump administration’s all-out assault on the NIH upon meeting with Bhattacharya in February, and at his nomination hearing in March, she pressed Mr. Bhattacharya on the Trump administration’s efforts to cut billions from biomedical research through an illegal cap on indirect costs, and their unprecedented halt on NIH Advisory Council Meetings, among other issues.
    When the Trump administration attempted to illegally cap indirect cost rates at 15 percent, Senator Murray immediately and forcefully condemned the move, led the entire Senate Democratic caucus in a letter decrying the proposed change, and introduced amendments to Senate Republicans’ budget resolution to reverse it, which Republicans blocked. Murray has led Congressional efforts to boost biomedical research. Previously, over her years as Chair of the Labor-HHS Appropriations Subcommittee, Senator Murray secured billions of dollars in increases for biomedical research at NIH, and during her time as Chair of the HELP Committee she established the new ARPA-H research agency as part of her PREVENT Pandemics Act to advance some of the most cutting-edge research in the field. Senator Murray was also the lead Democratic negotiator of the bipartisan 21st Century Cures Act, which delivered a major federal investment to boost NIH research, among many other investments. 
    Senator Murray forcefully opposed the nomination of notorious anti-vaccine activist RFK Jr. to be Secretary of HHS, and she has long worked to combat vaccine skepticism and highlight the importance of scientific research and vaccines. Murray was also a leading voice against the nomination of Dr. Dave Weldon to lead CDC, repeatedly speaking up about her serious concerns with the nominee immediately after their meeting. In 2019, Senator Murray co-led a bipartisan hearing in the HELP Committee on vaccine hesitancy and spoke about the importance of addressing vaccine skepticism and getting people the facts they need to keep their families and communities safe and healthy. Ahead of the 2019 hearing, as multiple states were facing measles outbreaks in under-vaccinated areas, Murray sent a bipartisan letter with former HELP Committee Chair Lamar Alexander pressing Trump’s CDC Director and HHS Assistant Secretary for Health on their efforts to promote vaccination and vaccine confidence.

    MIL OSI USA News

  • MIL-OSI Video: Myanmar: violence, humanitarian crisis, path to self-destruction – Special Envoy’s briefing | UN

    Source: United Nations (Video News)

    Briefing by Julie Bishop, Special Envoy of the Secretary-General on Myanmar, at the informal meeting of the General Assembly, 79th session.

    “I am deeply saddened to report to distinguished delegates, that the fighting across Myanmar continues and that the humanitarian crisis impacting its people is far worse than when I briefed the General Assembly last October.

    There has been no end to the violence, let alone any significant pause in the conflict between the warring parties, and the scale of the conflict has escalated over the four years since the military takeover in February 2021.

    There has been no end to the violence, even though thousands have been killed and thousands more injured;

    Even though civilians, women and children have been targeted in what should be safe spaces – schools, hospitals and places of worship.

    There has been no end to the violence, even though towns, villages, markets and other infrastructure have been bombed;

    Nor because of the immense humanitarian needs of over 20 million people, nor because the health system is collapsing, foreign direct investment is evaporating, and the economy is floundering.

    There has been no end to the violence, notwithstanding the calls of neighbouring countries and ASEAN, or the appeals of the General Assembly and the Security Council.

    Alarmingly, there has been no end to the violence even after the country was struck by a massive 7.7-magnitude earthquake that devastated not only parts of Nay Pyi Taw, Mandalay and Sagaing, but was so powerful that it impacted Thailand, China and other neighbouring nations.

    What will it take to end the violence? What will it take to cease hostilities in Myanmar so that we can begin a journey to peace and reconciliation?

    For if there is no end to the violence, Myanmar is on a path to self-destruction”.

    https://www.youtube.com/watch?v=4HBgrpCSsZ4

    MIL OSI Video

  • MIL-OSI Russia: Some Chinese crew members rescued, two missing after container ship explodes off Indian coast

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    NEW DELHI, June 10 (Xinhua) — There were 14 Chinese crew members, including six from China’s Taiwan region, on board the container ship that exploded in waters off the coast of Kerala, India, on Monday, the Chinese Embassy in India confirmed on Tuesday.

    The diplomatic mission noted that two sailors from Taiwan are still missing.

    “We thank the Indian Navy and Mumbai Coast Guard for their prompt response,” a spokesman for the Chinese Embassy in India wrote on social media, wishing the rescue operation a successful outcome and a speedy recovery to the injured.

    The Maritime and Port Authority of Singapore said in a press release on Monday that a fire had broken out on a Singapore-registered container ship with 22 crew members on board.

    According to Indian media, the cargo ship left the Sri Lankan capital Colombo on June 7 and was due to arrive in Mumbai, India on June 10. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Azerbaijan signed a contract with the German company SEFE to increase gas supplies to Europe

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Baku, June 10 (Xinhua) — Azerbaijan’s state oil and gas company SOCAR and Germany’s state energy company SEFE (Securing Energy for Europe) have signed a 10-year contract on natural gas supplies, SOCAR said on Tuesday.

    According to the document, SOCAR will supply natural gas to Europe for SEFE. The volume of supplies will gradually increase to 15 terawatt-hours /TWh/ annually, which is about 1.5 billion cubic meters of gas.

    The agreement will support investment in production and infrastructure, including gas compressors, which will increase pipeline gas supplies to Europe and strengthen the region’s energy security.

    “This long-term contract underlines the strong partnership between Germany and Azerbaijan. It opens up a new route for significant volumes of gas to Europe, diversifying our portfolio and increasing security of supply for customers,” said SEFE CEO Egbert Lege.

    SOCAR President Rovshan Najaf, for his part, stressed: “The agreement is an important step in strengthening Europe’s energy security. The supply of significant volumes of SEFE gas strengthens cooperation between Azerbaijan and Germany, contributing to energy diversification and sustainable development in Europe.” –0–

    MIL OSI Russia News

  • MIL-OSI: ACM Research Announces the Publication of ACM Shanghai’s 2024 ESG Report

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., June 10, 2025 (GLOBE NEWSWIRE) — ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today announced the availability of an English version of the 2024 Environmental, Social, and Governance (ESG) report prepared by its principal operating subsidiary ACM Research (Shanghai) Inc. (“ACM Shanghai”). The English version is now available here on ACM’s website under the ESG Reports section. The original Chinese version of the report was published here in February 2025 by ACM Shanghai on the Shanghai Stock Exchange website.

    Dr. David Wang, President and Chief Executive Officer of ACM, said, “With the rise of AI to the forefront of consumers’ minds, we expect increased public attention on the environmental impact of semiconductor chip manufacturing. ACM is committed to improved ESG performance for both our internal operations, and in the tools we design. Innovations such as the Tahoe hybrid cleaning system, which significantly reduces sulfuric acid usage, reflect ACM’s dedication to enabling a circular economy and advancing a more sustainable semiconductor ecosystem.”

    Highlights from ACM Shanghai’s 2024 ESG report include:

    • Recorded key ESG metrics to establish a carbon reduction baseline for future greenhouse gas (GHG) emissions targets.
    • Established company target to achieve 75% pure water purification rate by 2030.
    • Recycled 2,800 kg of plastic crates and 1,200 kg of wooden crates in 2024 under circular economy initiatives.
    • ESG risk screening system for suppliers is under development for planned launch in 2025
    • Achieved continued ISO 14001 and ISO 9001 certifications across key facilities.
    • ACM’s Ultra C Tahoe hybrid cleaning tool delivers enhanced cleaning performance with up to 75% reduction in chemical consumption. ACM estimates cost savings of up to $500,000 per year from sulfuric acid alone, with additional environmental and cost benefits from reduced sulfuric acid treatment and disposal requirements.
    • ACM’s Frame Wafer cleaning tool effectively cleans semiconductor wafers during the post-debonding cleaning process. Its innovative solvent recovery system provides significant environmental and cost benefits, achieving nearly 100% solvent recovery and filtration efficiency, thereby reducing chemical consumption during production.

    In addition, ACM reported that it completed its inaugural CDP Climate submission in 2024, establishing a foundation for enhanced climate risk disclosure and environmental transparency.

    About ACM Research, Inc.
    ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com.

    © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, this trademark appears in this press release without a ™ symbol, but that practice does not mean that ACM will not assert, to the fullest extent under applicable law, its rights to such trademark.

    For investor and media inquiries, please contact:

    In the United States: The Blueshirt Group
    Steven C. Pelayo, CFA
    +1 (360) 808-5154
    steven@blueshirtgroup.co
       
    In China: The Blueshirt Group Asia
    Gary Dvorchak, CFA
    gary@blueshirtgroup.co

    The MIL Network

  • MIL-OSI NGOs: Resisting Dependency: U.S. Hegemony, China’s Rise, and the Geopolitical Stakes in the Caribbean

    Source: Council on Hemispheric Affairs –

    By Tamanisha J. John

    Toronto, Canada

    Introduction

    The Caribbean region is an important geostrategic location for the United States, not only due to regional proximity, but also due to the continued importance of securing sea routes for trade and military purposes. It is the geostrategic location of the Caribbean that has historically made the region a target for domineering empires and states. As both geopolitical site and geostrategic location, U.S. foreign policy articulations of Caribbean people and the region have been effectively contradictory, but the contradiction has allowed the U.S. to maintain its hegemonic position: Caribbean peoples in U.S. foreign policy are rendered backwards, unstable, and dangerous or targets of xenophobic harassment; while the physical region is rendered as a place where U.S. foreign policy must maintain one-sided power relations, lest these sites come under the influence of other states that the U.S. views as impinging upon its sphere of influence. One can most readily look to Haiti to see these contradictory dynamics at play. Haiti has not had democratic elections for two decades and instead has been under United Nations (UN) sanctioned “tutelage” or occupation via the CORE group, of which the U.S. is a part.[i] Over the past two decades, Haiti has been subject to a massive influx of U.S. manufactured weapons that fuel gun violence and murder in the country.[ii] Meanwhile those Haitians fleeing this violence to the U.S. have been met with whips at the U.S.-Mexico border, deportation flights from the U.S., and dehumanizing mythological hysteria accusing Hatians of  “eating pets.”[iii]

    Given the domineering impact of the U.S. and its allies in Canada and Europe in the Caribbean region, states in the region remain deeply dependent on foreign investment and tourism from these powers. ‘Foreignization’ of Caribbean economies makes it hard for the peoples of the region to make a living. Many Caribbean governments, neoliberal in orientation, willingly support this dependent development scheme by promoting migration for remittances, service industries for tourism, and temporary foreign worker schemes abroad due to lack of worthwhile opportunities at home. A large part of what maintains this dependent relationship—that many would find to be demeaning in most circumstances—is the securitization of the Caribbean region by the U.S. and its allies, as well as the invocation of “shared cultures,” rooted in colonial histories which continue to impose multiple hierarchies of domination on Caribbean peoples.

    Washington’s aim of permanent hegemony in the region is being challenged by an increasingly multipolar world, and this accounts for the US attempt to limit China’s influence in the Caribbean. For example, U.S. tariff assaults on the People’s Republic of China (PRC) stems from U.S. insecurities about China’s economic growth alongside its manufacturing and technological developments.[iv] China’s extension of infrastructural, technological, and other tangible material developments to states lower down on the global value chain, and at smaller costs to them is referred to by the U.S. and other western policy makers as “China’s growing influence.” This includes states in the Caribbean, which have not only become consumers of products from China but have also increased their exports to China since the 2010s. Unsurprisingly, the U.S. fears that China is gaining too much influence in the Caribbean given its developmental hand there. Although the U.S. is not directly competing with China on development initiatives, Washington’s reluctance to support meaningful progress in the Caribbean—where U.S. corporations continue to profit from structural underdevelopment—has led it to pursue strong-arm diplomacy as a symbolic stand against China instead.

    China’s alternative to dependent development challenges Western Hegemony in the Caribbean

    Western capitalist modernity, as an ideological, political, and socioeconomic project, is threatened by improvements to the global value chain. The issue at hand is that the U.S. and the Western-led capitalist system have long relegated states of the ‘Global South’ to lower positions on the global value chain. This has rendered development elusive for many states, to the sole benefit of Western corporations and their allies. Lack of development in places like the Caribbean, Africa, Asia, and Latin America actually benefits capitalist enterprises headquartered in the ‘Global North’ which extract surplus value by exploiting cheap natural resources, labor, and land in these regions. China’s accelerated advancement within the global value chain—alongside the rise of other partner states positioned lower on that chain—has not depended on economic or political subordination to the west. This trajectory is actively interpreted as eroding Western hegemonic dominance—even as the improved developments of states like China within the global value chain, have expanded global capitalism. Since 2018, the U.S. tariff assault on China, which has intensified under the second Trump administration, is a direct response to China’s economic growth propelled by China’s added value to the global value chain. In essence, the fear is China’s rise, while not reliant on the west, has made the West more reliant on importing cheap products and manufactured goods from China.

    After the global 2007/8 financial crisis, China’s expressed strategy was to diversify its exports and import markets through helping other states improve their own conditions in the global trade value system. This of course, was due to the negative impacts felt by China in its export markets from the 2008 global financial crisis. Since then, China has increased the internal demand within China for Chinese goods, which also saw the purchasing power of Chinese citizens rise. This helped the growth of a middle class in China, and also allowed the Communist Party of China (CPC) to think more broadly about its continued growth strategy. By the early 2010s China sought to develop a wider external market that was not dependent on the U.S. and the other Western states. As China began formulating a broader development strategy, the growing purchasing power of Chinese citizens made the U.S. and other Western countries increase demands on China to have unfettered access to China’s internal market. The 2010s thus became rife with false accusations by Western commentators of China manipulating its currency to amass reserve wealth, and maintain competitive exports[v] – which helped to spark Trump’s trade assault on China in 2018, and again during the second Trump administration in 2025.

    While conversations in the West hinged on conspiracy, the CPC acknowledged that neither internal consumption nor reliance on the U.S. and Western markets would promote long-term sustainable development and growth of China’s economy. Greater emphasis was placed on increasing and improving relations with other developing states. In essence, helping the development of states lower down on the global value chain would be necessary—in order to make them consumers (thus importers)—of products from China. This became part of China’s long-term strategy to diversify its import and export markets. Thus, after the 2008 global financial crisis and especially after 2010, China’s investment in places like the Caribbean had a marked and noticeable increase. A decade later, this strategy has proven beneficial to China’s growth and development – as well as to growth and development of other developing countries in Africa, Asia, Latin America and the Caribbean with more states engaging in, and pursuing trade and other relations with, China.

    The impact of U.S. tariffs and fees on the Caribbean

    Despite growing U.S. security concerns over China’s engagement in the Caribbean, the region remains largely dependent on the United States, and Caribbean states consistently run trade deficits in favor of the U.S. These trade deficits usually come at the expense of local Caribbean growers, producers, and artisans. According to Sir Ronald Sanders, Antigua and Barbuda’s Ambassador to the United States: “In 2024, the United States ran a $5.8 billion trade surplus with CARICOM as a whole. For a tangible illustration, Antigua and Barbuda’s imports from the U.S. exceeded $570 million, while its exports in return were a mere fraction of that total.”[vi] Given Caribbean regional economic dependence on the U.S., Canada and Europe, many Caribbean people seeking employment and/or asylum opportunities typically see the U.S. as a destination of choice, contributing to the large Caribbean diasporic communities in North America and Europe. These Caribbean diasporic communities not only send remittances and goods back to their home countries to support family, friends, and communities – but also facilitate Caribbean state’s exports into the U.S. It is important to underscore these dynamics, as the longstanding U.S.-Caribbean relationship—rooted in dependency—remains firmly entrenched, despite growing investments in the region from China.

    The U.S. tariff assault on China extended into a wider tariff assault by the U.S. against multiple countries, including states in the Caribbean. By April 3, 2025 the U.S. had imposed tariffs on 24 Caribbean countries: a 10% tariff on 23 of them,[vii] and a 38% tariff on Guyana[viii]—a Caribbean nation with extensive relations with China[ix]—excluding its exports of oil (dominated by U.S. and other foreign corporations), gold, and bauxite. The U.S. tariffs on Caribbean states—levied amid fragile post-pandemic recovery and lingering hurricane damage—underscores a troubling, though not surprising indifference to the region’s economic vulnerability and ongoing efforts toward stabilization and renewal.[x] During this time, the U.S. introduced a series of tariff increases on China, peaking at a 145% tariff after April 10, 2025, before settling on a 10% rate through an agreement reached on May 13, 2025.[xi] In addition to the tariffs that Washington placed on China, the U.S. also announced that it would issue port fees on Chinese built ships entering U.S. ports. In all, these tariffs and fees being imposed by the U.S. meant that there would likely be negative impacts borne by Caribbean states that import U.S. goods, and Caribbean states that export goods to China. The overall impact of the tariffs and fees would be two-fold: First, U.S. consumers of goods imported from the Caribbean would have to pay more to access those goods. Second, increased costs accrued to Caribbean state’s importing U.S. goods due to port fees, would make it more cost effective for those Caribbean states to import more goods directly from China. However, in the immediate term, Sino-Caribbean trade, lacking established relationships on a wide range of import products, has the potential to lead to import shortages – particularly of food and other essential imports from the U.S.—in the Caribbean. Given global backlash from the shipping industry, the U.S. revised and changed its decision regarding port fees a week later,[xii] and three weeks later, on April 28, it reduced the tariff on Guyana to 10%.

    Political commentators recognize, contrary to the denials by the Guyanese government, that the initially high tariffs placed on Guyana were motivated by U.S. tensions with China. According to former Guyanese diplomat, Dr. Shamir Ally,[xiii] and Guyanese political commentator, Francis Bailey, Guyana “is caught in a geopolitical battle between the US and China. Or more specifically – Washington objects to Beijing’s “very strong foothold” in Guyana.”[xiv] This was made clear, when prior to the Trump administration’s announcement of the tariff’s on Guyana, Guyanese President, Irfaan Ali, pledged that the U.S. would “have some different and preferential treatment” from Guyana[xv]— given a shared stance between the two countries in relation to Venezuela.[xvi] This pledge by Guyana’s president took place within the context of the U.S. Secretary of State Marco Rubio’s visit to the Caribbean, during which Rubio chastised the construction of infrastructure in Guyana that he deemed subpar, and alleged must have been built by China, even though it was not.[xvii] These kinds of geopolitical posturing by Washington stoke antagonisms, ignoring the negative impacts of Caribbean dependency, including that of Guyana. Caribbean economic dependency on the U.S. (Europe and Canada) will not be completely ameliorated by China, and neither will China be able to fill the role of the West for Caribbean exporters who, given histories of enslavement, indentureship, and colonialism, rely on diasporic taste and preferences for ‘niche’ exports (e.g., artisan goods, arts, entertainment). Given the high degree of U.S., Canadian, and European ownership in the Caribbean’s industrial and manufacturing sectors, the region’s capacity to produce “finished products” on an exportable scale remains limited. Despite the continued dependency relation of Caribbean states on U.S. markets, however, China can positively impact Caribbean economies by helping to diversify their trading partners, and by increasing local opportunities for people within Caribbean states, based on the kinds of new (or improved) infrastructure typically developed in partnerships with China.

    Though on the rise, the trade relationship between China and states in the Caribbean is still quite limited. Caribbean states that are a part of the Caribbean Community (CARICOM) saw a notable increase in their exports to China, from less than 1% of their total exports in the 1990s and 2000s, to between 1% and 6 % of exports going to China after the 2010s.[xviii] The majority of exports from the Caribbean to China from the 2010s forward have been agricultural and mineral in nature. Alongside the growing export potential of CARICOM states to China since the 2010s, there has also been an increase in Caribbean states importing Chinese goods. States such as Antigua and Barbuda, Dominica, Guyana, Jamaica, and Suriname import about 10% of their goods from China. On the other hand, states like the Bahamas, Barbados, Grenada, Trinidad and Tobago import less than 10% of their goods from China. The overall trend, then, is that CARICOM states have added some diversification to their trading partners since the 2010s but continue to remain firmly within the Western trading bloc. Given the structured dependency of Caribbean economies, they tend to import more from their trading partners than they export to them. However, as political analyst Daniel Morales Ruvalcaba points out, as a trading partner, China’s commitment to South-South partnerships has meant that trading disparities between itself and CARICOM states are “offset by investments flowing from China to the Caribbean […] broadly categorized into three key sectors: port infrastructure development, resource extraction, and the tourism industry.”[xix] This way of tending to the trade disparity has had beneficial impacts—that can also be seen very visibly by those who live and visit states in the Caribbean. Additionally, China’s investments have not been limited to CARICOM states, or to states that recognize China and not Taiwan. For instance, China invests in Belize, Haiti, St. Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines—these are Caribbean states that recognize Taiwan.[xx]

    While China does not play a dominant import-export role in the Caribbean, given the system of dependency into which the Caribbean is already integrated, it also does not pose a security threat to the Caribbean region, despite Washington’s portrayal of China as a “bad actor.” The PRCs commitment to non-interference makes it extremely unlikely that China would use the Caribbean as a springboard for a security confrontation with Washington and its NATO allies. China does, however, have a strategic partnership with Venezuela, largely limited to a defensive posture given its relations with other states in the region, including the Caribbean. Further, with the large security presence of the U.S. and its allies in the Caribbean, China would have nothing to gain from an offensive military posture in the region. Though self-evident, this explains why the U.S has chosen to frame China’s presence in the Caribbean not in economic terms, but as a technological and geopolitical “threat”—going so far, on multiple occasions, as to allege that China is constructing covert surveillance facilities in Cuba to conduct espionage on the U.S.[xxi]

    The China-Caribbean “threat” from the U.S. Perspective

    In 2018, Washington signaled its intent to limit Chinese investments in infrastructure, energy, and technology abroad; by 2023, U.S. Southern Command identified the Caribbean as a key region where China’s growing economic footprint should be restrained. In its effort to push China out of the Caribbean tech sector, the U.S. has allowed U.S. and other Western companies to develop 5G networks in Jamaica at virtually no cost in the short term—effectively subsidizing the infrastructure to block Chinese involvement and investments in the sector. This campaign has gone so far as to include veiled threats of sanctions toward Jamaica and other regional nations should they pursue connectivity projects with China.[xxii] Since the 1940s, the U.S. has viewed government-controlled economies as threats to the Western capitalist order—a label that readily applies to China. In 2025, the trade offensive against China is markedly more severe, driven by Washington’s explicit goal of curbing the spread and stalling the advancement of China’s high-tech industries—an effort aimed at preserving U.S. dominance in the sector, which is increasingly seen as under threat. The trade war, which began openly during Trump’s first term, has only intensified in his second—driven in part by the growing influence of high-tech capitalists closely aligned with his administration. China’s advances in artificial intelligence, seen with the public release of DeepSeek AI, has only accelerated the U.S. assault.

    According to  U.S. and other pro-Western security analysts who view China as a “threat” in the Caribbean, this threat manifests in three primary ways. First, they point to China’s development of internet-based infrastructure in Caribbean nations which they claim enables Chinese espionage operations that target the U.S. from within the region. Second, they highlight the fact that most Caribbean states recognize the People’s Republic of China, rather than Taiwan, under the One-China policy—a position they attribute to questionable dealings with Beijing, rather than to the exercise of Caribbean political agency in matters of state recognition. And lastly, the Belt and Road Initiative (BRI) is portrayed as a nefarious development scheme that allows China to assert its influence globally. Notably, these accusations that form the “threat” narrative amongst U.S. and other pro-Western security advocates don’t hold up against the slightest scrutiny.

    First, there is no evidence that there are “Chinese spy bases” in Cuba or in any other country in the Caribbean—despite these accusations being levied by both Trump White Houses, and various U.S. Republican politicians in Florida.[xxiii] Second, the PRC does invest in, and maintain diplomatic relations with, Caribbean states that recognize Taiwan.[xxiv]  This suggests that the PRC does not force a One-China policy on states in the Caribbean with which it has cooperative relations. Commenting on Sino-Caribbean relations, Caribbean leaders themselves often note that the recognition of China and not Taiwan is due to support for China safeguarding its sovereignty and territorial integrity, of which they include national reunification.[xxv] Ultimately, the alleged “nefarious” nature of the Belt and Road Initiative stems from its core premise: that developing countries receive meaningful support from China to pursue their own development goals. Such efforts inevitably draw scrutiny from the U.S. and the Westbroadly, as genuine development in the ‘Global South’ is often perceived as a challenge to Western capital and hegemony. The BRI also encourages signatory states to build greater regional relationships with their Caribbean neighbors. It reflects a highly agentic approach, in stark contrast to the traditional way U.S. and other Western initiatives are typically implemented.

    Ultimately, the BRI is seen as a threat by Western policymakers because they would prefer China not pursue its own global initiatives. Given that the BRI also supports states in developing technological infrastructure and other advancements—with backing from China—these efforts are viewed by the U.S. as a strategic threat, ensuring the initiative will remain a target of sustained opposition. In the Caribbean, the U.S. push to end their tech relations with China comes off as brash, given that U.S. technology investments in the region have declined since the mid-1990s, while China technology investments have increased.[xxvi] In fact, the U.S. (and its Western allies) seem to only understand China’s investments, including the BRI, as lost market share. In essence, Washington and its Western allies seek to control economic development in the region. Two years ago for COHA, John (2023) argued that the U.S. and its allies were increasing their “diplomatic” presence in the Caribbean to maintain geostrategic influence, given China’s growing economic investments there.[xxvii] John maintained that the dismal track record of capitalism—led first by the Western European powers and later by the United States—has entrenched Caribbean states in a position of structural dependency within the global capitalist system. Key features of this dependency include persistently high levels of unemployment, underemployment, poverty, and a heavy reliance on labor exportation. This dependence made the region very receptive to Chinese investment.

    John (2023) concluded that influence is gained only where it aligns with local interests—and that investments from the PRC stood in stark contrast to Western strategies, which for decades have indebted Caribbean states, privatized their economies in ways that deepened foreign control, and consistently disregarded regional calls for reparations. This track record, it was argued, would only lead to increased militarization in the Caribbean by the U.S. and its Western allies, who have no tangible goal of helping Caribbean states to develop—but want confrontation with China. Two years later and the concluding remarks still stand.

    Concluding Remarks: Dependent Development is the price of Western Capitalism in the Caribbean

    In the Caribbean, the U.S. and its Western allies have long profited from—and perpetuated—the notion that foreignization is the norm. This extends beyond economic structures to encompass both domestic and foreign policies that effectively surrender the state, and its people, to massive  exploitation by foreigners. Some governments and local elites have been brought on as “shareholders” to maintain this backwards dependent status. That is because imperialism, especially in the Caribbean, has always been intent on establishing what Cheddi Jagan called “a reactionary axis in the Caribbean.”[xxviii] U.S. ‘influence in the Caribbean region has historically centered around controlling the “backwardness” and “unstableness” of its people, in order to keep U.S. geostrategic and geopolitical interests intact. This is done in conjunction with Caribbean political elites, who subject their own Caribbean populations in perpetual servitude to Western capital. Caribbean neoliberal states have a disregard for the rights of their citizens (and diaspora), favoring almost exclusively (and predominantly) Western foreign corporations and wealthy individuals. Cuba, however, stands out as an exception to this trend, and this is why it has been under relentless attack by Washington for more than 62 years.  It is important to point this out, given that some in the Caribbean political elite classes also share the same regressive rhetoric from the Westabout the “threat of China” to produce reactionary mindsets and views amongst large swaths of Caribbean people— so that their hand in maintaining Caribbean dependency is not critiqued.

    Caribbean people struggling to improve their societies for the better are continuously warned by the U.S. and its Western and Caribbean allies that they must maintain themselves in a dependent position. The truth is: So long as the majority of individual Caribbean states are importing finished products and agricultural goods from the U.S., Canada, and Europe—and to a smaller extent now China—the Caribbean will never have trade surpluses with these states. Lack of local businesses and the foreignization of Caribbean economies compound this contradiction that is perpetuated by the entrenched Western-led economic system. Political elites in the Caribbean frequently disregard local protests and locally developed alternatives that could threaten Western foreign corporations and investment. There is a real need for enhanced regional integration for Caribbean people, not only states, to improve their lot within the prevailing system. People will continuously be let down by formations like CARICOM, so long as these associations are dominated by Western development frameworks and have individual member states who care more about aligning their security interests with the West instead of their own region. While neoliberalism in the Caribbean is often attributed to structural constraints and the limited capacity of states to regulate foreign capital, such explanations fail to account for the extent to which Caribbean governments have themselves normalized and actively advanced neoliberal policy frameworks. The promotion of neoliberal policies both prolongs, and makes systemic, foreign dependence and domination.

    U.S. fear mongering about China in the Caribbean is propaganda. It only serves to prevent people from questioning why Caribbean states are dependent and why there is rampant foreignization of Caribbean economies. Who owns these corporate entities that make life hard in the Caribbean? The “threats” from the U.S. perspective boil down to the fact that China, in the Caribbean, is taking advantage of Western policies that make the Caribbean exploitable. It is often noted—and indeed observable—that China imports its own labor for development projects in the Caribbean. However, this practice is neither new nor unique; countries such as the United States, Canada, and various European powers have long employed similar strategies. Understandably, this reliance on imported labor has generated frustration among Caribbean populations, particularly given the region’s high levels of unemployment and underemployment. Many local workers are both willing and able to acquire the necessary skills and trades to work on infrastructure and development projects that come to the region. Local Caribbean firms and entrepreneurs would also seize the opportunity to participate in these projects—including local sourcing of materials. But this beneficial type of development is not presently feasible given how Western capitalists have integrated Caribbean states into the global capitalist system.

    The efforts of the Trump administration to cast China as a security threat in the Caribbean and to portray doing business with China as a security risk, have largely been unsuccessful. In the Caribbean, China simply takes advantage of Western policies that have made the region highly favorable and open to foreign investment, foreign entrepreneurs, and government dealings—in the form of Memorandums of Understanding (MOU) and Letters of Agreement (LOA)—with other states and corporations. The acceptance of these MOUs and LOAs receive minimal, to no input from Caribbean citizens. Debt traps have been normalized in the Caribbean by the Western capitalist system, making the Caribbean one of the most highly indebted regions in the world. Today, propagandists tend to invoke the myth of the  “Chinese debt-trap” to attribute to China this false label of being engaged in “debt trap diplomacy”—a term popularized in 2018 during the first trade assault against China.[xxix] In response to this myth, progressive commentators tend to highlight that China forgives a lot of debt, and has even helped Caribbean states to restructure debts owed to various financial institutions.[xxx] However, the biggest elephant in the room is that even if China ceased to exist in the Caribbean region, the region would still be one of the most indebted within the Western capitalist system. The debt-trap narrative not only deflects attention from the significant role Western powers have played in producing Caribbean indebtedness, but also unjustly shifts the burden onto China to forgive obligations for which Western capital is responsible.[xxxi] Lack of transparency in investment agreements and investor tax benefits, including profit repatriation, in the Caribbean has been normalized by laws first written by various European empires and later by Western capitalists that crafted structural adjustment policies. Yet, such arrangements, historically established by U.S. and Canadian capital interests, are often rebranded as evidence of corruption within the China–Caribbean relationship. Those concerned with the persistence of Caribbean dependency should critically engage with its structural causes and actively challenge Western propaganda regardless of the source from which it emanates.

    Endnotes

    [i] Pierre, Jemima. 2020. “Haiti: An Archive of Occupation, 2004-.” Transforming Anthropology 28(1): 3–23. doi: https://doi.org/10.1111/traa.12174.

    [ii] Kestler-D’Amours, Jillian. “‘A Criminal Economy’: How US Arms Fuel Deadly Gang Violence in Haiti.” Al Jazeera, March 25, 2024. web: https://www.aljazeera.com/news/longform/2024/3/25/a-criminal-economy-how-us-arms-fuel-deadly-gang-violence-in-haiti.

    [iii] Mack, Willie. Haitians at the Border: The Nativist State and Anti-Blackness. Carr-Ryan Commentary. Harvard Kennedy School, 2025. web: https://www.hks.harvard.edu/centers/carr-ryan/our-work/carr-ryan-commentary/haitians-border-nativist-state-and-anti-blackness.

    [iv] Ziye, Chen, and Bin Li. “Escaping Dependency and Trade War: China and the US.” China Economist 18, no. 1 (2023): 36–44.

    [v] Wiseman, Paul. “Fact Check: Does China Manipulate Its Currency?” PBS News, December 29, 2016. https://www.pbs.org/newshour/world/fact-check-china-manipulate-currency.

    [vi] Loop News. “More Caribbean Countries Respond to New US Tariffs,” April 4, 2025, sec. World News. https://www.loopnews.com/content/more-caribbean-countries-respond-to-new-us-tariffs/.

    [vii] TEMPO Networks. “Here Are All The Caribbean Countries Hit By Trump’s New Tariffs.” Tempo Networks, April 3, 2025, sec. News. https://www.temponetworks.com/2025/04/03/here-are-all-the-caribbean-countries-hit-by-trumps-new-tariffs/.

    [viii] Grannum, Milton. “Oil, Bauxite, Gold Exempt from US Tariff.” Stabroek News, April 4, 2025, sec. Guyana News. https://www.stabroeknews.com/2025/04/04/news/guyana/oil-bauxite-gold-exempt-from-us-tariff/.

    [ix] Handy, Gemma. “Was China the Reason Guyana Faced Higher Trump Tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [x] John, Tamanisha J. 2024. “Hurricane Unpreparedness in the Caribbean, Disaster by Imperial Design.” Council on Hemispheric Affairs (COHA). The Caribbean. https://coha.org/hurricane-unpreparedness-in-the-caribbean-disaster-by-imperial-design/.

    [xi] Grantham-Philips, Wyatte. “A Timeline of Trump’s Tariff Actions so Far.” PBS News, April 10, 2025, sec. Economy. https://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-far.

    [xii] Saul, Jonathan, Lisa Baertlein, David Lawder, and Andrea Shalal. “United States Eases Port Fees on China-Built Ships after Industry Backlash.” Reuters, April 17, 2025, sec. Markets. https://www.reuters.com/markets/global-shippers-await-word-us-plan-hit-china-linked-vessels-with-port-fees-2025-04-17/.

    [xiii] Credible Sources interview on February 26, 2025. Guyana in U.S.-China Crossfire? Ex-Diplomat Weighs In, 2025. https://www.youtube.com/watch?v=UtCNBiKdj-0

    [xiv] Handy, Gemma. “Was China the reason Guyana faced higher Trump tariff?” BBC, April 28, 2025. https://www.bbc.com/news/articles/cjeww5zq88no.

    [xv] Chabrol, Denis. “Guyana Pledges ‘Preferential’ Treatment to US.” Demerara Waves, March 27, 2025, sec. Business, Defence, Diplomacy. https://demerarawaves.com/2025/03/27/guyana-pledges-preferential-treatment-to-us/.

    [xvi] John, Tamanisha J. “Guyana, Beware the Western Proxy-State Trap.” Stabroek News, December 25, 2023, sec. In The Diaspora. https://www.stabroeknews.com/2023/12/25/features/in-the-diaspora/guyana-beware-the-Western-proxy-state-trap/.

    [xvii] Foreign Ministry Spokesperson Guo Jiakun’s Regular Press Conference on April 3, 2025. Beijing Says That Road in Guyana Criticised by Rubio Is Not Built by China, 2025. https://youtu.be/6gljwDyW1qk?si=2QXhDUythljBsIcJ.

    [xviii] Morales Ruvalcaba, Daniel. 2025. “National Power in Sino-Caribbean Relations: CARICOM in the Geopolitics of the Belt and Road Initiative.” Chinese Political Science Review 10: 28–48. doi: https://link.springer.com/article/10.1007/s41111-024-00252-4.

    [xix] Ibid.

    [xx] Ibid. 

    [xxi] Qi, Wang. “Hyping Chinese ‘spy Bases’ in Cuba Slander; Shows US’ Hysteria: Expert.” Global Times, July 3, 2024. https://www.globaltimes.cn/page/202407/1315376.shtml.

    [xxii] Pate, Durrant. “US Warns Jamaica against Chinese 5g.” Jamaica Observer, October 25, 2020. https://www.jamaicaobserver.com/2020/10/25/us-warns-jamaica-against-chinese-5g/.

    [xxiii] Belly of the Beast. Investigative Report. May 30, 2025. Big Headlines, No Proof: Inside the Hype Over “Chinese Spy Bases”  https://www.youtube.com/watch?v=CF87JJp8WIo

    [xxiv] Bayona Velásquez, Etna. “Chinese Economic Presence in the Greater Caribbean, 2000-2020.” In Chinese Presence in the Greater Caribbean: Yesterday and Today, 599–661. Santo Domingo, Dominican Republic: Centro de Estudios Caribeños (PUCMM), 2022.

    [xxv] Loop news. “T&T, Caribbean countries pledge support for One China policy.” May 6, 2022. https://www.loopnews.com/content/tt-caribbean-countries-pledge-support-for-one-china-policy/

    [xxvi] Ricart Jorge, Raquel. “China’s Digital Silk Road in Latin America and the Caribbean.” Real Instituto Elcano, April 21, 2021, sec. Latin America. https://www.realinstitutoelcano.org/en/commentaries/chinas-digital-silk-road-in-latin-america-and-the-caribbean/.

    [xxvii] John, Tamanisha J. 2023. “US Moves to Curtail China’s Economic Investment in the Caribbean.” Council on Hemispheric Affairs (COHA). https://coha.org/us-moves-to-curtail-chinas-economic-investment-in-the-caribbean/.

    [xxviii] Jagan, Cheddi. “Alternative Models of Caribbean Economic Development and Industrialisation.” In Caribbean Economic Development and Industrialisation, 3 (1):1–23. Hungary: Development and Peace, 1980. https://jagan.org/CJ%20Articles/In%20Opposition/Images/3014.pdf.

    [xxix] Chandran, Rama. “The Chinese “Debt Trap” Is a Myth.” China Focus, August 26, 2022,  http://www.cnfocus.com/the-chinese-debt-trap-is-a-myth/

    [xxx] Hancock, Tom. “China renegotiated $50bn in loans to developing countries: Study challenges ‘debt-trap’ narrative surrounding Beijin’s lending.” Financial Times, April 29, 2019, https://www.ft.com/content/0b207552-6977-11e9-80c7-60ee53e6681d

    [xxxi] Kaiwei, Zhang and Xian Jiangnan. “So-called “debt trap” a Western rhetorical trap.” China International Communications Group (CN) , September 14, 2024, https://en.people.cn/n3/2024/0914/c90000-20219659.html

    Featured image: Chinese Foreign Minister Wang Yi (centre) poses for a group photograph with representatives from the Caribbean countries that share diplomatic relations with China, May 12, 2025, at the Diaoyutai State Guesthouse, Beijing
    (Source: Chinese State Media)

    Tamanisha J. John is an assistant professor in the Department of Politics at York University and a member of the US/NATO out of Our Americas Network zoneofpeace.org/ 

    MIL OSI NGO

  • MIL-OSI USA: Ricketts Discusses Unleashing American Energy for Strengthening American Diplomacy

    US Senate News:

    Source: United States Senator Pete Ricketts (Nebraska)
    WASHINGTON, D.C. – Today, during a Senate Foreign Relations Committee hearing, U.S. Senator Pete Ricketts (R-NE) discussed the role of American energy production in international diplomacy. Ricketts underscored the importance of energy production for success in the competition with Communist China.
    “Last month, I hosted a bipartisan tabletop exercise with Senator Coons, simulating a Communist Chinese energy quarantine of Taiwan,” said Ricketts. “That exercise confirmed one of Taiwan’s biggest vulnerabilities, which is energy insecurity. But it’s not just about Taiwan, this is something that applies to all our allies in the region, who are nearly just as vulnerable in relying on seaborne energy imports in such a crisis… The most immediate answer to this problem for us is to increase our exports of LNG. We are the world’s top exporter with clean and reliable gas, it’s already helping our allies replace coal, reduce their emissions, and increase their energy resilience.”
    Click here to watch more.
    The hearing considered the nominations of Jacob Helberg, to be Under Secretary of State for Economic Growth, Energy, and the Environment; Paul Kapur, to be Assistant Secretary for South and Central Asian Affairs; Andy Puzder, to be Ambassador to the EU; Benjamin Black, to be CEO of DFC; and Howard Brodie, to be Ambassador to Finland.
    BACKGROUND:
    Earlier this month, Senator Ricketts led a congressional delegation (CODEL) trip to Singapore for the Shangri-La Dialogue conference with Senator Tammy Duckworth (D-IL). Last month, Senator Ricketts led a congressional delegation trip to Taiwan and the Philippines with Senators Chris Coons (D-DE) and Ted Budd (R-NC). Senators Ricketts and Coons are working as chairman and ranking member of the Senate Foreign Relations East Asia Subcommittee to support our allies and partners in the region against Communist China’s aggression, including conducting a recent tabletop exercise and introductions of the PORCUPINE Act and COUNTER Act.

    MIL OSI USA News

  • MIL-OSI Canada: Bank of Canada holds policy rate at 2¾%

    Source: Bank of Canada

    The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.

    Since the April Monetary Policy Report, the US administration has continued to increase and decrease various tariffs. China and the United States have stepped back from extremely high tariffs and bilateral trade negotiations have begun with a number of countries. However, the outcomes of these negotiations are highly uncertain, tariff rates are well above their levels at the beginning of 2025, and new trade actions are still being threatened. Uncertainty remains high.

    While the global economy has shown resilience in recent months, this partly reflects a temporary surge in activity to get ahead of tariffs. In the United States, domestic demand remained relatively strong but higher imports pulled down first-quarter GDP. US inflation has ticked down but remains above 2%, with the price effects of tariffs still to come. In Europe, economic growth has been supported by exports, while defence spending is set to increase.  China’s economy has slowed as the effects of past fiscal support fade. More recently, high tariffs have begun to curtail Chinese exports to the US. Since the financial market turmoil in April, risk assets have largely recovered and volatility has diminished, although markets remain sensitive to US policy announcements. Oil prices have fluctuated but remain close to their levels at the time of the April MPR.

    In Canada, economic growth in the first quarter came in at 2.2%, slightly stronger than the Bank had forecast, while the composition of GDP growth was largely as expected. The pull-forward of exports to the United States and inventory accumulation boosted activity, with final domestic demand roughly flat. Strong spending on machinery and equipment held up growth in business investment by more than expected. Consumption slowed from its very strong fourth-quarter pace, but continued to grow despite a large drop in consumer confidence. Housing activity was down, driven by a sharp contraction in resales. Government spending also declined. The labour market has weakened, particularly in trade-intensive sectors, and unemployment has risen to 6.9%. The economy is expected to be considerably weaker in the second quarter, with the strength in exports and inventories reversing and final domestic demand remaining subdued.  

    CPI inflation eased to 1.7% in April, as the elimination of the federal consumer carbon tax reduced inflation by 0.6 percentage points. Excluding taxes, inflation rose 2.3% in April, slightly stronger than the Bank had expected. The Bank’s preferred measures of core inflation, as well as other measures of underlying inflation, moved up. Recent surveys indicate that households continue to expect that tariffs will raise prices and many businesses say they intend to pass on the costs of higher tariffs. The Bank will be watching all these indicators closely to gauge how inflationary pressures are evolving.

    With uncertainty about US tariffs still high, the Canadian economy softer but not sharply weaker, and some unexpected firmness in recent inflation data, Governing Council decided to hold the policy rate as we gain more information on US trade policy and its impacts. We will continue to assess the timing and strength of both the downward pressures on inflation from a weaker economy and the upward pressures on inflation from higher costs.

    Governing Council is proceeding carefully, with particular attention to the risks and uncertainties facing the Canadian economy. These include: the extent to which higher US tariffs reduce demand for Canadian exports; how much this spills over into business investment, employment and household spending; how much and how quickly cost increases are passed on to consumer prices; and how inflation expectations evolve. 

    We are focused on ensuring that Canadians continue to have confidence in price stability through this period of global upheaval. We will support economic growth while ensuring inflation remains well controlled.

    Information note

    The next scheduled date for announcing the overnight rate target is July 30, 2025. The Bank will publish its next MPR at the same time.

    MIL OSI Canada News

  • MIL-OSI Russia: China to Build National Heritage Route Along Ancient Silk Road

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    LANZHOU, June 10 (Xinhua) — China plans to build its first national heritage route along the historically significant Hexi Corridor in northwest China within the next 10 years, part of its goal to strengthen the protection, preservation and utilization of cultural and natural heritage.

    The plan was announced on Tuesday at a press conference by the people’s government of Gansu Province in northwest China.

    According to He Xiaozu, head of the provincial department of culture and tourism, a series of projects will be implemented in Gansu focusing on heritage protection and utilization, infrastructure construction, tourism facility distribution, and international exchanges and cooperation. They will cover a total of 52 representative cultural and natural heritage sites and 20 national-level intangible cultural heritage projects along the Hexi Corridor, he said.

    The total investment to support the implementation of 120 specific tasks related to the construction of the route will amount to 610 million yuan (US$84.9 million), He Xiaozu said.

    For many years, China has carried out large-scale work to preserve and rationally utilize the cultural heritage in the Hexi Corridor. Thus, the Chinese government has invested a total of 540 million yuan in preserving the cultural heritage of the relevant section of the Great Wall of China and has facilitated the implementation of more than 110 protection and restoration projects.

    The Hexi Corridor, part of the ancient Silk Road and stretching for nearly 1,000 km across Gansu Province, is home to five UNESCO World Heritage Sites and 53 grottoes.

    “The national heritage route will be built in strict accordance with the principle of minimal interference and will become an important platform for China to share cultural achievements with the rest of the world and promote exchanges and mutual learning among civilizations,” said Qiu Jian, head of the Gansu Provincial Cultural Heritage Administration. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: World Bank cuts global growth forecast due to trade barriers and political uncertainty

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    NEW YORK, June 10 (Xinhua) — The World Bank on Tuesday cut its global economic growth forecast, citing rising trade tensions and political uncertainty.

    The economic turmoil has led to lower growth forecasts for nearly 70 percent of economies across all regions and income groups, according to the bank’s latest semi-annual Global Economic Prospects report, released on Tuesday.

    The report cut its global economic growth forecast for 2025 to 2.3 percent from 2.7 percent projected in January, and its growth forecast for 2026 to 2.4 percent from 2.7 percent.

    Advanced economies are expected to grow by 1.2 percent in 2025, down from the previously forecast 1.7 percent, while emerging market and developing economies have seen their growth forecast cut by 0.3 percentage points to 3.8 percent.

    In particular, in 2025, US GDP is expected to grow by 1.4 percent, which is 0.9 percentage points less than the previous forecast and only half of the 2.8 percent growth recorded in 2024.

    Growth in the eurozone and Japan is expected to be 0.7 percent this year, down 0.3 and 0.5 percentage points respectively from previous estimates, while China’s growth forecasts for 2025 and 2026 remain unchanged.

    The report notes that the global economy is once again facing turbulence, although just six months ago it seemed that it was entering a “soft landing” trajectory.

    “Without a rapid course correction, the damage to living standards could be profound,” the report’s authors warn.

    “Outside Asia, the developing world is becoming a development-free zone,” said Indermit Gill, chief economist and senior vice president for development economics at the World Bank Group. –0–

    MIL OSI Russia News

  • MIL-OSI USA: IAM Union Applauds House Freshmen for Supporting Fair Trade Policies

    Source: US GOIAM Union

    IAM Union International President Brian Bryant recently expressed his appreciation to a coalition of House Freshmen for signing a letter supporting fair trade practices, including a renegotiation of the United States-Mexico-Canada Agreement (USMCA) and the reauthorization of the U.S. Department of Labor’s Trade Adjustment Assistance (TAA) program.

    “On behalf of the 600,000 active and retired members of this very diverse union, I want to thank these House Freshmen who understand the importance of fair trade policy,” said IAM Union International President Brian Bryant. “U.S. trade policy has led many news headlines in recent months, and this letter underscores the importance of renegotiating the USMCA to protect domestic manufacturing in areas like aerospace, reauthorizing the U.S. Labor Department’s TAA program, and enacting strategic tariffs that punish bad actors and protect U.S. jobs.”

    Rep. Josh Riley (NY-19) and Rep. Lateefah Simon (CA-12) led 18 of their colleagues in a letter to President Trump and U.S. Trade Representative Jamieson Greer calling for a trade policy that strengthens America’s middle class, rebuilds the U.S. industrial base, and safeguards family farms and small businesses.

    “For too long, bad trade deals have been written in Wall Street boardrooms and rubber-stamped in political backrooms—while towns from Endicott to Ellenville got sold out,” said Rep. Josh Riley. “I came to Congress to give blue-collar towns a real voice in trade talks. I’ll work with anyone from any party who wants to rethink trade in a way that supports American farmers, builds American factories for American workers, and strengthens national security.”

    “I’m proud to represent the Port of Oakland, the largest refrigerated cargo export port in the United States,” said Rep. Lateefah Simon. “Tariffs are not inherently bad, but President Trump’s chaotic, self-imposed tariff war has been a disaster for the U.S. economy. That’s why I am leading my freshman colleagues to call on the president to fix U.S. trade policy to support workers, small businesses, and the environment.”

    The members outlined four key areas of proposed collaboration:

    1. Improving the U.S.-Mexico-Canada Agreement (USMCA):

    • Include stronger labor and environmental standards.
    • Close China’s USMCA backdoor into U.S. markets.
    • Fix digital trade provisions.

    2. Investing in American Manufacturing:

    3. Reauthorizing Trade Adjustment Assistance (TAA):

    • Support and improve TAA for communities impacted by past trade policies.

    4. Pairing Strategic Tariffs with Pro-Worker Laws:

    • Implement tariffs with anti-price gouging and pro-labor reforms.

    Read the full text of the letter here

    The IAM continues advocating for trade agreements prioritizing U.S. labor standards, environmental protections, and domestic production.

    The post IAM Union Applauds House Freshmen for Supporting Fair Trade Policies appeared first on IAM Union.

    MIL OSI USA News

  • MIL-OSI Russia: Representatives from over 130 countries and territories will take part in SPIEF-2025

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    St. Petersburg, June 10 /Xinhua/ — Representatives from over 130 countries and territories have already confirmed their participation in the St. Petersburg International Economic Forum (SPIEF) this year, the forum’s press service reported.

    The foreign participants include heads of major international organizations, companies, government agencies, as well as representatives of the expert community. According to Anton Kobyakov, Advisor to the President of Russia and Executive Secretary of the SPIEF Organizing Committee, the forum has become a place for developing solutions that can respond to rapidly changing external circumstances.

    In 2025, the SPIEF will be held in St. Petersburg from June 18 to 21. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Russia’s positive foreign trade balance in January-April fell by 18.3 percent.

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, June 10 /Xinhua/ — Russia’s positive foreign trade balance in January-April 2025 decreased by 18.3 percent year-on-year to $42.4 billion, the Interfax news agency reported on Tuesday, citing data from the Russian Federal Customs Service.

    Exports of goods from Russia in January-April 2025 decreased by 5.9 percent year-on-year and amounted to $128.2 billion. Imports increased by 1.8 percent to $84.2 billion.

    The foreign trade turnover of the Russian Federation for the specified period amounted to 213.9 billion dollars, which is 2.9 percent less than for the same period a year earlier.

    In 2024, Russia’s foreign trade surplus amounted to $150.9 billion, which is 7.8 percent more than the 2023 figure. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Russian budget revenues for the first five months of 2025 increased by 3.1 percent to 14.7 trillion rubles — Russian Ministry of Finance

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, June 10 (Xinhua) — The volume of revenues of the federal budget of Russia in January-May 2025 amounted to 14.732 trillion rubles, which is 3.1 percent higher than the volume of revenues in the same period last year, according to data from the Ministry of Finance of the Russian Federation, published on the agency’s website on Tuesday.

    According to the Russian Ministry of Finance’s data, non-oil and gas revenues grew by 12.3 percent in five months compared to the same period last year, to 10.492 trillion rubles, which forms a “stable base for further accelerated growth in revenues.” “In general, the trajectory of non-oil and gas revenues in January-May of this year, along with the higher level of the tax base last year, create the preconditions for a significant excess of the dynamics laid down in the formation of the budget law,” the department said.

    At the same time, oil and gas revenues of the Russian budget from January to May amounted to 4.24 trillion rubles, which is 14.4 percent lower than the figure for the same period in 2024. This is mainly due to a decrease in the average price of oil, as well as a one-time receipt of additional payment for mineral extraction tax /MET/ on oil in February last year. “At the same time, the receipt of oil and gas revenues in January-May of this year was at a level exceeding their base amount, but there are risks of their reduction due to a weakening price environment,” the Russian Ministry of Finance clarified.

    The published data also shows that the volume of Russian budget expenditures for January-May 2025 increased by 20.7 percent compared to the same period in 2024 and amounted to 18.125 trillion rubles. The federal budget deficit, according to a preliminary estimate by the Russian Ministry of Finance, for the first five months amounted to 3.39 trillion rubles.

    “The dynamics of revenue receipts and financing of expenditures in January-May 2025 indicate that the federal budget is being executed in accordance with the target parameters of the structural deficit approved in the budget law,” the department’s materials note. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: Chinese authorities issue directive to deepen pilot comprehensive reform in Shenzhen

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 10 (Xinhua) — China will continue to push forward the comprehensive reform pilot in Shenzhen, south China’s Guangdong Province, deepening reform and innovation in the city and expanding its opening up, according to a guideline issued Tuesday.

    The document, jointly released by the General Offices of the Communist Party of China (CPC) Central Committee and the State Council, outlines a new series of reform measures for Shenzhen to overcome institutional barriers in education, science and high-skilled personnel training in a coordinated manner. It calls for strengthening the deep integration of innovation, industry, capital and talent chains, and exploring new paths, scenarios and platforms for cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area. The guideline also calls for pilot projects in areas such as building a modern, international and innovative city.

    As noted in the directive, Shenzhen will deepen reform and expand opening-up from a higher starting point, at a higher level and to achieve higher goals, creating more new practices that can be replicated and disseminated. The city will further enhance its role as an important driving force for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and a development hub in the national strategy, and contribute to and set a model for the all-round construction of a modern socialist country. –0–

    MIL OSI Russia News

  • MIL-OSI Russia: 10 killed in Austrian school shooting

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    VIENNA, June 10 (Xinhua) — At least 10 people were killed in a shooting at a school in Austria’s second-largest city of Graz, local media reported on Tuesday.

    As local media reported, citing law enforcement agencies, the incident also resulted in double-digit casualties, including injuries among students and teachers.

    According to Austria’s largest newspaper, Kronen Zeitung, the shooting took place at the BORG school on Dreierschützengasse in the Lend district at around 10:00 /08:00 GMT/ on Tuesday. Police confirmed that the suspect was a 22-year-old former student at the school. The shooter reportedly committed suicide.

    As Kronen Zeitung added, the incident is considered one of the most serious in Austrian history.

    Authorities have mobilized police forces in the region, including the deployment of a helicopter. The school has been evacuated and there is currently no threat, local police said on social media X.

    Graz, the capital of the federal state of Styria in southern Austria, is known as a student city, with four vocational schools and four universities located here. –0–

    MIL OSI Russia News

  • MIL-OSI Economics: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    Source: US Energy Information Administration – EIA

    Headline: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    June 10, 2025

    The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to fall to near $60 per barrel by the end of the year and to average about $59 per barrel in 2026. EIA expects the low price of crude oil to affect both U.S. crude oil production and retail gasoline prices in the short term.

    In its June Short-Term Energy Outlook (STEO), EIA forecasts U.S. crude oil production to average about 13.4 million barrels per day this year, just below the record highs earlier this year. For 2026, the forecast is slightly lower than 2025 levels. EIA expects U.S. retail gasoline prices to average below $3.10 per gallon through the end of 2026, which is about 6% lower than the 2024 average price.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $66 $59
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.4 13.4
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.00 $4.90
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 18%
    U.S. GDP (percentage change) 2.8% 1.4% 1.7%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.8
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025

    Some key highlights from the June STEO include:

    • Global oil supply, demand, and prices: EIA revised its 2025 global oil production forecast slightly upward and its global petroleum products consumption forecast slightly downward for both 2025 and 2026, leading to an expectation of growing global oil inventories. EIA expects oil inventories to grow by about 800,000 barrels per day in 2025 and 600,000 barrels per day in 2026. EIA’s expectations for inventory growth are the primary reason it expects oil prices to decline through this year and next year.
    • U.S. crude oil production: Domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. EIA expects U.S. crude oil production to decline from that high through the end of 2026 as oil producers respond to lower prices. Data from Baker Hughes shows the number of active drilling rigs declined last month by much more than EIA had expected. Fewer active rigs affect EIA’s forecast for how many wells U.S. operators will drill and complete throughout 2026. EIA expects U.S. crude oil production to average about 13.4 million barrels per day this year and just below that amount in 2026.
    • U.S. gasoline prices: Another effect of lower oil prices is that EIA expects lower average U.S. gasoline prices through 2026. Regular-grade retail gasoline prices average $3.10 per gallon in the third quarter of 2025 in EIA’s forecast, down 7% from the same period last year. EIA expects retail gasoline prices in the eastern part of the country to be below $3.00 per gallon for most of the next year and a half. On the West Coast, EIA expects refinery capacity reductions to cause a 4% annual price increase next year.
    • Natural gas prices: EIA expects the Henry Hub natural gas spot price to average about $4.00 per million British thermal units (MMBtu) in 2025 and $4.90/MMBtu in 2026, compared with $2.20/MMBtu in 2024.
    • Electricity demand: EIA revised its forecast for electricity demand growth in 2025 upward by about 1% to reflect greater expected demand growth in the commercial and industrial sectors, particularly from data centers and manufacturing operations. This growth in power demand is especially notable in regions managed by the Electricity Reliability Council of Texas and PJM independent system operators. EIA expects that U.S. commercial sector electricity consumption will grow by 3% in 2025 and by 5% in 2026.
    • Electricity generation: EIA expects total U.S. electricity generation this summer will be about 1% greater than last summer. EIA expects higher natural gas prices this summer to result in less generation from natural gas-fired power plants compared with last summer, which is expected to be offset by more generation from coal, solar, and hydro.
    • Trade policy assumptions: The U.S. macroeconomic outlook we use in the STEO is based on S&P Global’s macroeconomic model. S&P Global’s most recent model reflects the tariffs announced in April and includes the 90-day temporary suspension of tariffs granted to certain countries. However, the model was finalized before the ruling by the Court of International Trade on May 28th that temporarily halted all reciprocal tariffs. As a result, our macroeconomic forecast assumes lower tariffs on China’s products compared with last month’s STEO and 10% tariffs on countries subject to the 90-day temporary suspension. These differences in tariff rates likely have offsetting effects on the macroeconomic forecast.

    The full June 2025 Short-Term Energy Outlook is available on the EIA website.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI Economics

  • MIL-OSI USA: EIA expects low crude oil prices and declining rig count to affect U.S. crude oil production trends through 2026

    Source: US Energy Information Administration

    U.S. ENERGY INFORMATION ADMINISTRATION
    WASHINGTON DC 20585

    FOR IMMEDIATE RELEASE
    June 10, 2025

    The U.S. Energy Information Administration (EIA) expects the Brent crude oil price to fall to near $60 per barrel by the end of the year and to average about $59 per barrel in 2026. EIA expects the low price of crude oil to affect both U.S. crude oil production and retail gasoline prices in the short term.

    In its June Short-Term Energy Outlook (STEO), EIA forecasts U.S. crude oil production to average about 13.4 million barrels per day this year, just below the record highs earlier this year. For 2026, the forecast is slightly lower than 2025 levels. EIA expects U.S. retail gasoline prices to average below $3.10 per gallon through the end of 2026, which is about 6% lower than the 2024 average price.

    U.S. energy market indicators 2024 2025 2026
    Brent crude oil spot price (dollars per barrel) $81 $66 $59
    Retail gasoline price (dollars per gallon) $3.30 $3.10 $3.10
    U.S. crude oil production (million barrels per day) 13.2 13.4 13.4
    Natural gas price at Henry Hub (dollars per million British thermal units) $2.20 $4.00 $4.90
    U.S. liquefied natural gas gross exports (billion cubic feet per day) 12 15 16
    Shares of U.S. electricity generation       
    Natural gas 42% 40% 40%
    Coal 16% 16% 15%
    Renewables 23% 25% 27%
    Nuclear 19% 19% 18%
    U.S. GDP (percentage change) 2.8% 1.4% 1.7%
    U.S. CO2 emissions (billion metric tons) 4.8 4.8 4.8
    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025

    Some key highlights from the June STEO include:

    • Global oil supply, demand, and prices: EIA revised its 2025 global oil production forecast slightly upward and its global petroleum products consumption forecast slightly downward for both 2025 and 2026, leading to an expectation of growing global oil inventories. EIA expects oil inventories to grow by about 800,000 barrels per day in 2025 and 600,000 barrels per day in 2026. EIA’s expectations for inventory growth are the primary reason it expects oil prices to decline through this year and next year.
    • U.S. crude oil production: Domestic crude oil production reached an all-time high of 13.5 million barrels per day in the second quarter of 2025. EIA expects U.S. crude oil production to decline from that high through the end of 2026 as oil producers respond to lower prices. Data from Baker Hughes shows the number of active drilling rigs declined last month by much more than EIA had expected. Fewer active rigs affect EIA’s forecast for how many wells U.S. operators will drill and complete throughout 2026. EIA expects U.S. crude oil production to average about 13.4 million barrels per day this year and just below that amount in 2026.
    • U.S. gasoline prices: Another effect of lower oil prices is that EIA expects lower average U.S. gasoline prices through 2026. Regular-grade retail gasoline prices average $3.10 per gallon in the third quarter of 2025 in EIA’s forecast, down 7% from the same period last year. EIA expects retail gasoline prices in the eastern part of the country to be below $3.00 per gallon for most of the next year and a half. On the West Coast, EIA expects refinery capacity reductions to cause a 4% annual price increase next year.
    • Natural gas prices: EIA expects the Henry Hub natural gas spot price to average about $4.00 per million British thermal units (MMBtu) in 2025 and $4.90/MMBtu in 2026, compared with $2.20/MMBtu in 2024.
    • Electricity demand: EIA revised its forecast for electricity demand growth in 2025 upward by about 1% to reflect greater expected demand growth in the commercial and industrial sectors, particularly from data centers and manufacturing operations. This growth in power demand is especially notable in regions managed by the Electricity Reliability Council of Texas and PJM independent system operators. EIA expects that U.S. commercial sector electricity consumption will grow by 3% in 2025 and by 5% in 2026.
    • Electricity generation: EIA expects total U.S. electricity generation this summer will be about 1% greater than last summer. EIA expects higher natural gas prices this summer to result in less generation from natural gas-fired power plants compared with last summer, which is expected to be offset by more generation from coal, solar, and hydro.
    • Trade policy assumptions: The U.S. macroeconomic outlook we use in the STEO is based on S&P Global’s macroeconomic model. S&P Global’s most recent model reflects the tariffs announced in April and includes the 90-day temporary suspension of tariffs granted to certain countries. However, the model was finalized before the ruling by the Court of International Trade on May 28th that temporarily halted all reciprocal tariffs. As a result, our macroeconomic forecast assumes lower tariffs on China’s products compared with last month’s STEO and 10% tariffs on countries subject to the 90-day temporary suspension. These differences in tariff rates likely have offsetting effects on the macroeconomic forecast.

    The full June 2025 Short-Term Energy Outlook is available on the EIA website.

    The product described in this press release was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA’s data, analysis, and forecasts are independent of approval by any other officer or employee of the U.S. government. The views in the product and this press release therefore should not be construed as representing those of the U.S. Department of Energy or other federal agencies.

    EIA Program Contact: Tim Hess, STEO@eia.gov
    EIA Press Contact: Chris Higginbotham, EIAMedia@eia.gov

    MIL OSI USA News

  • MIL-OSI Russia: China welcomes more foreign companies to achieve win-win: MFA

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, June 10 (Xinhua) — China welcomes more foreign enterprises to take root in China and go global, and work together to achieve common goals and win-win outcomes amid China’s development of new productive forces, Foreign Ministry spokesperson Lin Jian said Tuesday.

    The diplomat made the remarks at a regular briefing for journalists, commenting on the consistent investment in China by foreign enterprises in recent times.

    “The fact that more and more foreign companies are betting on China shows that foreign public circles attach great importance to the stability of China’s high-quality development and the certainty of its high-level opening up to the outside world,” Lin Jian said, noting that this also clearly demonstrates the powerful impetus provided by China’s new-quality productive forces and scientific and technological innovation ecosystem.

    In order to accelerate its institutional opening-up, China has put forward an action plan to stabilize foreign investment in 2025 and revised and expanded the list of industries encouraged for foreign investment, he said.

    “These new stimulus measures cover sectors such as high-tech manufacturing, the digital economy and other advanced industries. In the first five months of this year, more than 73,000 foreign-invested enterprises imported and exported to China, a five-year high,” the official said.

    “At the same time, China is continuously achieving innovative breakthroughs and there is huge market demand for new industries and business formats, which is complemented by the country’s unique advantages such as a comprehensive industrial and supply chain system, rich human resources and a mature innovation ecosystem,” Lin Jian said, noting that all this encourages foreign businesses to invest in new-quality productive forces at an accelerated rate and integrate into China’s innovation chain.

    In addition, as the official representative noted, an increasing number of foreign companies prefer to carry out scientific research and development in China and export products from there to the world market, thereby creating a favorable circulation of markets, enterprises and resource factors.

    China’s development from a manufacturing outpost to an innovation engine will always be an opportunity for the world, Lin Jian said, adding that China will continue to steadily improve its business environment and provide foreign-invested companies with more policy benefits. -0-

    MIL OSI Russia News

  • MIL-OSI USA: Congressman Cohen Appointed to the Permanent Select Committee on Intelligence

    Source: United States House of Representatives – Congressman Steve Cohen (TN-09)

    WASHINGTON – Congressman Steve Cohen (TN-9) was appointed to the House Permanent Select Committee on Intelligence today. In his new role, he will be involved in the nation’s approach to a wide variety of threats to national security. In response, he made the following statement:

    “I am keenly aware of how important intelligence is during a time of wars in Gaza and Ukraine and ongoing cyber and other threats from Russia, China and around the world. I appreciate Leader Jeffries’ confidence in placing me on this very important committee.”

    Congressman Cohen, a senior member of the Judiciary Committee and the Ranking Member of the Helsinki Commission, is the first member of the Intelligence Committee from Memphis. Intelligence Committee appointments are unusual in that the Minority Leader, in this case, makes the decision exclusive of any caucus recommendations.

    # # #

    MIL OSI USA News

  • MIL-OSI Africa: 5 benefits Africa’s new space agency can deliver

    Source: The Conversation – Africa – By Scott Firsing, Senior Research Associate, University of South Africa

    The African Space Agency was officially inaugurated in Cairo’s Space City in April 2025. The event marked a milestone in a process that had been in the works since the early 2000s. Drawing inspiration from the European Space Agency, it unites African Union (AU) member states to harness space technology for development. This is in line with the AU’s Agenda 2063, aimed at advancing Africa into a prosperous future.


    Read more: Africa has ambitious goals for 2063: plans for outer space hold the key to success


    The agency’s goal is to:

    • coordinate and implement Africa’s space ambitions by promoting collaboration among the AU’s 55 member states

    • harness space technologies for sustainable development, climate resilience and socio-economic growth

    • oversee the African Space Policy and Strategy to enhance access to space-derived data

    • foster partnerships with international space agencies like the European Space Agency and others.

    Over 20 African countries operate space programmes and more than 65 African satellites have been launched. It is my view as a global space diplomacy expert that the agency can help ensure that Africa isn’t a bystander in the space economy. This sector is projected to be worth US$1.8 trillion by 2035.

    The space agency positions Africa to address pressing challenges and take advantage of opportunities in the global space economy. These include using satellite data, boosting connectivity, driving economic growth, fostering global partnerships and training future leaders.

    Five benefits

    Valuable eyes in the sky

    Space assets, particularly Earth observation satellites, offer a number of advantages. The continent faces significant climate risks like droughts, fires and floods. This is particularly problematic as the agricultural sector is approximately 35% of Africa’s GDP and employs about half of its people across over 1 billion hectares of arable land.

    Satellite data optimises crop yields, supports climate-resilient farming, and enhances sustainable fisheries and port modernisation. Nigeria’s National Space Research and Deveopment Agency, for example, has used satellites like the NigSat-2 to monitor crop health and predict yields.

    Beyond agriculture, satellites assist in project planning in cities across Africa. Kenya uses a satellite to track urban development trends and enhance municipal urban planning capacities.

    Satellites also keep an eye on Africa’s resource-abundant territories while tackling problems like armed conflict, deforestation, and illegal migration and mining.

    The African Space Agency will help provide access to AI-enhanced satellite data. This will enable even nations with constrained resources to tackle local needs. For instance, Côte d’Ivoire’s first locally made satellite, launched in 2024, shows how African nations are building their own capabilities.


    Read more: Côte d’Ivoire is launching its first satellite for Earth observation – and it’s locally made


    By making it easier to share data, the African Space Agency also positions the continent to generate revenue in the global space data market. That fuels innovation.

    Enhancing connectivity and enabling cutting-edge technology

    Africa’s digital divide is stark. Only 38% of its population was online in 2024, compared to the global average of 68%. The African Space Agency aims to bridge this gap through satellite-based communications. This technology can deliver broadband to remote regions where cell towers and undersea cables are impractical.

    Connectivity enables education, e-commerce and telemedicine.

    Satellite services, like those provided by SpaceX’s Starlink in 21 African countries, will drive digital inclusion. In turn this promises to reduce unemployment and help entrepreneurs.

    The African Space Agency is also positioning Africa to embrace new space technologies. Examples include Japan’s 2025 demonstration of beaming solar power from space, following a US achievement in 2023.

    This could revolutionise energy access. Space-based solar power captures solar energy in orbit via satellite and transmits it as microwaves to Earth. This offers a solution to Africa’s energy poverty. It could provide reliable power to remote areas without extensive grid infrastructure.

    The African Space Agency’s role in coordinating satellite launches and data sharing will make these technologies more accessible and cost-effective.

    Driving economic growth and innovation

    Africa’s space sector, now worth over US$20 billion, is growing rapidly. The industry has seen an increase of private companies and investor support, moving beyond sole dependence on government funding. Investment is being fuelled by 327 NewSpace firms, a term used for the new emerging commercial space industry in nations such as Egypt, Nigeria, and South Africa. These firms often excel in satellite communication, Earth observation and component manufacturing.

    But many African nations lack resources. The agency will lower barriers by fostering collaboration, coordinating national space programmes, and reducing duplication.For example, the African Space Agency’s efforts to streamline satellite development and launches will spur local manufacturing and tech hubs.

    This means that smaller economies will be able to participate.

    Strengthening regional and global connections

    Africa’s space sector relies on partnerships with space agencies and commercial space companies based in the “space powers”. These include the US, Russia, China, France, India, Italy, Japan, Israel and the United Arab Emirates. These institutions provide launch services, satellite development and ground stations.

    An example is Senegal’s GaindeSAT-1A, a CubeSat launched in 2024 via America’s SpaceX with French collaboration.

    Meanwhile, countries like South Africa are exploring local rocket programmes to enhance the agency’s self-reliance. Africa’s space ground stations are already located across the continent, supporting the European Space Agency and commercial missions. They will soon host a deep space ground station for America’s National Aeronautics and Space Administration.

    Funding remains a challenge. African nations allocated just US$426 million to space programmes in 2025. That’s less than 1% of global spending. The European Space Agency has an US$8 billion budget.

    However, initiatives like the €100 million Africa-EU Space Partnership Programme (2025–2028) aim to boost Africa’s space sovereignty and innovation.

    The agency’s vision extends beyond Earth, with an eye on the Moon. Some members, notably Angola, Nigeria and Rwanda, have already signed the US-led Artemis Accords for lunar exploration. For their part Egypt and South Africa are collaborating with China and Russia on the International Lunar Research Station.


    Read more: Outer space: Rwanda and Nigeria sign an accord for more responsible exploration – why this matters


    Training the next generation

    A skilled workforce is critical to Africa’s space industry. The Africa Space Agency Space City plans to host a training academy. It will build on Egypt’s programmes in space project management, satellite design, and orbital simulation.

    Partnerships like the Africa-EU programme offer scholarships, while private initiatives, such as the Pathways to Space programme by Boeing and the Future African Space Explorers STEM Academy, engage students in 63 schools in Ethiopia, Nigeria, and Tanzania.

    – 5 benefits Africa’s new space agency can deliver
    – https://theconversation.com/5-benefits-africas-new-space-agency-can-deliver-258098

    MIL OSI Africa

  • MIL-OSI Global: 5 benefits Africa’s new space agency can deliver

    Source: The Conversation – Africa – By Scott Firsing, Senior Research Associate, University of South Africa

    The African Space Agency was officially inaugurated in Cairo’s Space City in April 2025. The event marked a milestone in a process that had been in the works since the early 2000s. Drawing inspiration from the European Space Agency, it unites African Union (AU) member states to harness space technology for development. This is in line with the AU’s Agenda 2063, aimed at advancing Africa into a prosperous future.




    Read more:
    Africa has ambitious goals for 2063: plans for outer space hold the key to success


    The agency’s goal is to:

    • coordinate and implement Africa’s space ambitions by promoting collaboration among the AU’s 55 member states

    • harness space technologies for sustainable development, climate resilience and socio-economic growth

    • oversee the African Space Policy and Strategy to enhance access to space-derived data

    • foster partnerships with international space agencies like the European Space Agency and others.

    Over 20 African countries operate space programmes and more than 65 African satellites have been launched. It is my view as a global space diplomacy expert that the agency can help ensure that Africa isn’t a bystander in the space economy. This sector is projected to be worth US$1.8 trillion by 2035.

    The space agency positions Africa to address pressing challenges and take advantage of opportunities in the global space economy. These include using satellite data, boosting connectivity, driving economic growth, fostering global partnerships and training future leaders.

    Five benefits

    Valuable eyes in the sky

    Space assets, particularly Earth observation satellites, offer a number of advantages. The continent faces significant climate risks like droughts, fires and floods. This is particularly problematic as the agricultural sector is approximately 35% of Africa’s GDP and employs about half of its people across over 1 billion hectares of arable land.

    Satellite data optimises crop yields, supports climate-resilient farming, and enhances sustainable fisheries and port modernisation. Nigeria’s National Space Research and Deveopment Agency, for example, has used satellites like the NigSat-2 to monitor crop health and predict yields.

    Beyond agriculture, satellites assist in project planning in cities across Africa. Kenya uses a satellite to track urban development trends and enhance municipal urban planning capacities.

    Satellites also keep an eye on Africa’s resource-abundant territories while tackling problems like armed conflict, deforestation, and illegal migration and mining.

    The African Space Agency will help provide access to AI-enhanced satellite data. This will enable even nations with constrained resources to tackle local needs. For instance, Côte d’Ivoire’s first locally made satellite, launched in 2024, shows how African nations are building their own capabilities.




    Read more:
    Côte d’Ivoire is launching its first satellite for Earth observation – and it’s locally made


    By making it easier to share data, the African Space Agency also positions the continent to generate revenue in the global space data market. That fuels innovation.

    Enhancing connectivity and enabling cutting-edge technology

    Africa’s digital divide is stark. Only 38% of its population was online in 2024, compared to the global average of 68%. The African Space Agency aims to bridge this gap through satellite-based communications. This technology can deliver broadband to remote regions where cell towers and undersea cables are impractical.

    Connectivity enables education, e-commerce and telemedicine.

    Satellite services, like those provided by SpaceX’s Starlink in 21 African countries, will drive digital inclusion. In turn this promises to reduce unemployment and help entrepreneurs.

    The African Space Agency is also positioning Africa to embrace new space technologies. Examples include Japan’s 2025 demonstration of beaming solar power from space, following a US achievement in 2023.

    This could revolutionise energy access. Space-based solar power captures solar energy in orbit via satellite and transmits it as microwaves to Earth. This offers a solution to Africa’s energy poverty. It could provide reliable power to remote areas without extensive grid infrastructure.

    The African Space Agency’s role in coordinating satellite launches and data sharing will make these technologies more accessible and cost-effective.

    Driving economic growth and innovation

    Africa’s space sector, now worth over US$20 billion, is growing rapidly. The industry has seen an increase of private companies and investor support, moving beyond sole dependence on government funding. Investment is being fuelled by 327 NewSpace firms, a term used for the new emerging commercial space industry in nations such as Egypt, Nigeria, and South Africa. These firms often excel in satellite communication, Earth observation and component manufacturing.

    But many African nations lack resources. The agency will lower barriers by fostering collaboration, coordinating national space programmes, and reducing duplication.For example, the African Space Agency’s efforts to streamline satellite development and launches will spur local manufacturing and tech hubs.

    This means that smaller economies will be able to participate.

    Strengthening regional and global connections

    Africa’s space sector relies on partnerships with space agencies and commercial space companies based in the “space powers”. These include the US, Russia, China, France, India, Italy, Japan, Israel and the United Arab Emirates. These institutions provide launch services, satellite development and ground stations.

    An example is Senegal’s GaindeSAT-1A, a CubeSat launched in 2024 via America’s SpaceX with French collaboration.

    Meanwhile, countries like South Africa are exploring local rocket programmes to enhance the agency’s self-reliance. Africa’s space ground stations are already located across the continent, supporting the European Space Agency and commercial missions. They will soon host a deep space ground station for America’s National Aeronautics and Space Administration.

    Funding remains a challenge. African nations allocated just US$426 million to space programmes in 2025. That’s less than 1% of global spending. The European Space Agency has an US$8 billion budget.

    However, initiatives like the €100 million Africa-EU Space Partnership Programme (2025–2028) aim to boost Africa’s space sovereignty and innovation.

    The agency’s vision extends beyond Earth, with an eye on the Moon. Some members, notably Angola, Nigeria and Rwanda, have already signed the US-led Artemis Accords for lunar exploration. For their part Egypt and South Africa are collaborating with China and Russia on the International Lunar Research Station.




    Read more:
    Outer space: Rwanda and Nigeria sign an accord for more responsible exploration – why this matters


    Training the next generation

    A skilled workforce is critical to Africa’s space industry. The Africa Space Agency Space City plans to host a training academy. It will build on Egypt’s programmes in space project management, satellite design, and orbital simulation.

    Partnerships like the Africa-EU programme offer scholarships, while private initiatives, such as the Pathways to Space programme by Boeing and the Future African Space Explorers STEM Academy, engage students in 63 schools in Ethiopia, Nigeria, and Tanzania.

    Scott Firsing does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. 5 benefits Africa’s new space agency can deliver – https://theconversation.com/5-benefits-africas-new-space-agency-can-deliver-258098

    MIL OSI – Global Reports

  • MIL-OSI Russia: The policy of blockade and pressure is not capable of stopping the scientific and technological development of China – Consul General of the PRC in Yekaterinburg

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    Moscow, June 10 /Xinhua/ — The success of the Chinese language model DeepSeek proves that the American policy of blockade and pressure is not able to stop the scientific and technological development of China. This is stated in an article by the Consul General of the PRC in the Russian city of Yekaterinburg Luo Shixiong, published on Tuesday in the “Oblastnaya Gazeta” of the Sverdlovsk Region.

    As a breakthrough technology based on the Transformer architecture, DeepSeek not only provides a leap in algorithm efficiency and application scope, “but also promotes a paradigm shift in the development of artificial intelligence (AI) from ‘instrument support’ to ‘cognitive synergy’,” writes Luo Shixiong.

    According to him, DeepSeek’s success was made possible by China’s institutional advantages and large-scale talent training. “In China, technological innovation is regarded as a key driving force for high-quality development and is enshrined in the national development strategy. In recent years, China has consistently issued and steadily implemented such policy documents as the “New Generation Artificial Intelligence Development Plan”, “Three-Year Action Plan to Promote the Development of the Next-Generation Artificial Intelligence Industry /2018-2020/”, “National Guidelines for the Establishment of a Comprehensive Standardization System for the Artificial Intelligence Industry”, etc.,” the Chinese diplomat noted.

    The US government has already tightened export controls on semiconductors and semiconductor manufacturing equipment to China four times, and in January 2025, it introduced global restrictions on AI chip exports, seeking to increase pressure, cut off China’s access to high-performance chips and advanced computing power, and limit the development of Chinese AI technologies, Luo Shixiong recalls.

    In response, Chinese companies were forced to find alternative ways to train AI models. It was DeepSeek that developed a highly efficient AI model based on limited-performance chips, proving that the US technological blockade only encouraged China to breakthrough in independent innovation.

    DeepSeek’s success has become a powerful impetus for achieving global “tech equality,” the article says. DeepSeek has broken the US scientific and technological monopoly in this area, making AI accessible and applicable to all countries.

    The policy of blockade and containment will not only fail to reduce any threats, but, on the contrary, will undermine the global competitiveness of the United States, writes Luo Shixiong.

    “The US must realize that by setting a ceiling for other countries’ development, they are ultimately sealing their own growth space. If they really want to maintain their leading position in high-tech industries, they should accept and respect the principles of fair competition,” the Chinese diplomat emphasizes. –0–

    MIL OSI Russia News