Executive Summary: DeepSeek and its parent company, High-Flyer, are embedded in the vibrant—and heavily state-subsidized—“Hangzhou Chengxi Science and Technology Innovation Corridor,” which aims to create a Chinese answer to Silicon Valley in the companies’ hometown. DeepSeek claims that its models are not trained on GPUs... MORE

Executive Summary: Recent suspicious activities conducted by the merchant vessels Shunxing-39 and Vasili Shukshin in the vicinity of Taiwan in early 2025 suggest possible collaboration between Chinese and Russian merchant ships related to the reconnaissance and sabotage of undersea communications cables that connect Taiwan to... MORE

Executive Summary: The year 2024 witnessed sudden removals of high-level People’s Liberation Army (PLA) commanders, a continuation of the purge of 15 defense industry leaders and military commanders in 2023. Xi Jinping’s possible motivations include combating corruption, managing factional conflicts, asserting dominance as an aging... MORE

Executive Summary: Research collaboration between European and Chinese universities could be indirectly supporting Russia’s war against Ukraine. Over 20 agreements, partnerships, or newly published research articles have been announced between “Seven Sons of National Defense” universities and European entities between December 2024 and January 2025.... MORE

Executive Summary: New measures to control online information related to the People's Liberation Army (PLA) could be an indicator of imminent military operations, further purges, or other military activity. The measures are drafted by 10 military and state bodies, indicating that Beijing places enormous importance... MORE

Executive Summary: The Spring Festival Gala, which had 16.8 billion views across all media platforms this year, is the Chinese Communist Party’s (CCP) annual message to the Chinese people and is used to celebrate the last year’s achievements and list priorities for the new year.... MORE

Executive Summary: The People’s Republic of China (PRC) has officially approved a 60-gigawatt hydropower dam on the Yarlung Zangbo river in Tibet, estimated to cost over 1 trillion renminbi ($137 billion) and surpass the capacity of the Three Gorges Dam. The project aligns with national... MORE

Executive Summary: New deep-sea technologies, growing influence in the International Seabed Authority, and domestic legislation are part of the People’s Republic of China’s (PRC) ambitions to become a strong maritime power. The PRC is the world’s largest net importer of critical minerals, a potential vulnerability... MORE

Executive Summary: Talent flows uncovered between Taiwan Semiconductor Manufacturing Company’s (TSMC) operations in the People’s Republic of China (PRC) and several sanctioned PRC firms constitute risks to the company’s position at the leading edge of the global chip industry. TSMC’s transition to encompass other parts... MORE

Executive Summary: The PRC is tempering its criticisms of the United States and other powerful countries in the early part of the Trump administration in a seeming attempt to foster a stable external environment while it continues to enhance its national power. Official PRC media... MORE