Wealthy Chinese Move Money to U.S. Banks | China in Focus

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Chinese elites are moving their wealth to U.S. banks as Beijing tightens its tax crackdown. With the economy faltering, authorities are digging into decades-old financial records and targeting overseas income.
The U.S. is cracking down on Chinese tech again. This time, it’s targeting devices containing chips linked to Huawei, citing national security concerns.
Elon Musk floats a merger between SpaceX and Tesla, sending shares up 8 percent. The deal could create one of the world’s most valuable companies—but China could stand in the way.
A viral topic in China is exposing a major gap in the country’s social safety net. More than 130 million people lack social insurance, including healthcare, pensions, and unemployment benefits. Who’s being left behind?
The Pentagon is boosting U.S. firepower with a 10-year deal with Lockheed Martin for at least 850 F-35 fighter jets.

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