Executive Summary: The People’s Republic of China (PRC) has been relying on middlemen to obtain US technology for military programs, including hypersonic weapons. These intermediaries provide a flimsy cover for direct sales to military end-users, with some even openly listing military clients on their websites.... MORE

Executive Summary: Ant Group’s strategy since the fallout from its canceled IPO in 2020 and subsequent crackdown on the fintech sector has seen it seek opportunities while capturing projects within the People’s Republic of China (PRC) that are aligned with government priorities. Key markets for... MORE

Executive Summary: In June, the first pilot production line for photonics microchips in the People’s Republic of China (PRC) was launched at Shanghai Jiao Tong University’s Chip Hub for Integrated Photonics Xplore (CHIPX), as the country explores new approaches to chip design. The PRC sees... MORE

Executive Summary: Translation forms a crucial part of People’s Liberation Army (PLA)-directed research. This is done to support influence operations, enhance cooperation with the Russian military, and even understand US policy discussions on social media. Recent research from institutions such as the PLA Strategic Support... MORE

Executive Summary: The OpenAtom Foundation supports open-source technology in areas such as RISC-V architecture and Electronic Design Automation. These efforts are part of a strategy by the People’s Republic of China (PRC) to navigate and overcome technological containment by the United States, showcasing the foundation’s... MORE

Executive Summary: The Commercial Aircraft Corporation of China (Comac) will likely take many years developing into a veritable world-class aircraft enterprise. Over 1,200 orders have been placed for the new C919, primarily from domestic state-owned airlines. Comac has delivered 5 single-aisle planes to domestic airlines... MORE

Executive Summary: Russia announced in early April that nearly all domestic financial transactions are now being conducted through the Financial Transaction System, which was created as an alternative to SWIFT. The development of new financial systems is part of a broader desire for greater independence... MORE

Executive Summary: Xi Jinping is unequivocal that US-China AI cooperation is contingent on Western AI technology flowing into the People’s Republic of China (PRC). Broken promises from past US-China technology transfers suggest the PRC will once again use US technology to strengthen censorship and surveillance... MORE

Executive Summary: Despite the Chinese Communist Party's restrictions on decentralized virtual currencies, the PRC has maintained a significant underground cryptocurrency industry, with investors posting $1.15 billion in gains in 2023. PRC investors are driven to digital assets by practical considerations amid limited traditional investment opportunities... MORE

Executive Summary: The PRC’s potential to interfere in elections with deepfakes has been noted, with strategies including creating false narratives around candidates and misleading information on electoral processes. Advanced AI tools could further sophisticate these interference efforts, impacting democratic processes worldwide. Beijing appears to have... MORE