Executive Summary: WuXi AppTec, a major Chinese biotechnology and pharmaceutical firm, claimed that the company has not, does not, and will not pose a national security risk to any country in response to new legislation introduced in the US Congress. The company's claims are undermined... MORE

Executive Summary: Russia’s increasing reliance on China for trade underscores potential vulnerabilities due to China’s economic woes and the yuan’s currency controls. This is prompting Russia to aggressively pursue the digital ruble. Despite Western sanctions, Russia-China trade has increased, enhancing bilateral commerce and financial cooperation.... MORE

Executive Summary: Liu Jianchao is expected to succeed Qin Gang as foreign minister, emphasizing a focus on maintaining positive relations and creating a market-oriented business environment. But questions have been raised about Liu's qualifications, as he lacks experience as an ambassador and is known for... MORE

Executive Summary: The PRC’s claims over Bhutanese territory have expanded over the years, including recent large-scale construction in disputed valleys, which contradicts the 1998 agreement to maintain the status quo, challenging Bhutanese sovereignty and raising strategic concerns for India. The PRC is pushing to resolve... MORE

Executive Summary: New National Security legislation, which emulates recent PRC laws, and the potential torture of a witness in the ongoing trial of Jimmy Lai, is characteristic of the erosion of legal norms in Hong Kong as it moves towards full unification with the CCP... MORE

Executive Summary: Russian officials have played up China’s interest in potentially investing in the Vostok Oil project, though significant challenges remain. The mega-project looks to enhance Moscow’s geopolitical ties with Asia, elevate the Northern Sea Route’s competitiveness with the Suez Canal, and promote economic growth.... MORE

Executive Summary: China has become Russia’s primary economic partner in helping the Kremlin circumvent Western sanctions, with bilateral trade turnover reaching $225 billion in 2023. Beijing’s supply of dual-use components and critical electronic equipment enhances Moscow’s defense production capabilities. Chinese banks play a key role... MORE

Executive Summary: Russia’s industrial sector has become full dependent on China for machine tools and parts critical to arms manufacturing. Moscow’s war against Ukraine, Western sanctions, and the inability to fully realize import substitution efforts has exacerbated Russia’s dependence on China. That reality signals a... MORE

Executive Summary The Ministry of Agriculture and Rural Affairs (MARA) recently approved 37 genetically modified (GM) corn varieties and 14 GM soybean varieties after a three-year trial, marking the first such announcement by the PRC government. The PRC's focus on improving food security is evident... MORE

Executive Summary The GBA, covering 56,000 square kilometers with 70 million people, aims to become a globally renowned economic and technological hub, comparable to bay areas like San Francisco, Tokyo, and New York. Its economic output surpasses 13 trillion RMB ($1.8 trillion) by 2022, exceeding... MORE