Executive Summary: Predicting artificial intelligence (AI) firm DeepSeek’s recent successes within a highly competitive AI ecosystem may have been possible by observing factors such as government recognition, proximity to top-tier national research institutions, and a complex network of corporate affiliates with proven technology expertise. Indicators... MORE

Executive Summary Russian hybrid attacks targeting critical undersea infrastructure (CUI), particularly fiber-optic cables, have surged in the Baltic and Arctic regions since 2021. These disruptions threaten essential communication channels and expose the vulnerabilities of Northern Europe’s infrastructure. Incidents in 2023 and 2024 involving Chinese vessels... MORE

Executive Summary: Moscow’s need to supply its invasion forces in Ukraine, its rapid shift of trade away from Europe toward Asia due to sanctions, and slashed investments have put unprecedented strains on Russian railways. China will seek alternative routes for trade with Europe, using domestic... MORE

Executive Summary: Mercenaries have existed since ancient times but have evolved into modern private military and security companies (PMSCs) focusing on training, logistics, and protection, especially in Western practices. Russian private military companies (PMCs) and Chinese private security companies (PSCs), however, operate differently from both... 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

Executive Summary: The Trans-Caspian International Transport Route (TITR), or Middle Corridor, has evolved as a key alternative for trade between Europe and the People’s Republic of China (PRC) due to sanctions against Russia. The route bypasses Russia and transits through Central Asia, the Caucasus, and... MORE