I am sure it’s a totally unfounded rumor that the Central Intelligence Agency, the world’s most lavishly funded bastion of spooks, is about to shorten its name to “The Central Agency,” retiring the embarrassing and divisive word “intelligence.”
I don’t know how the rumor got started, but the news, reported on Oct. 16 by The Financial Times, that in August, the Chinese had successfully tested a nuclear-capable hypersonic missile, lit a fire under the rumor mill.
Joe Biden signed an executive order updating the United States’ list of blacklisted Chinese companies, dropping the ban on at least one company that was originally put on the list by President Donald Trump, the Washington Free Beacon reports.
Biden lifted the blacklist on the company Sugon, which was first banned by President Trump in November of 2020. The company is responsible for selling “supercomputers” to the Chinese military, for use in nuclear weapons research. Sugon also specializes in facial recognition software, cloud computing, and other surveillance technology that has been used by the Chinese Communist Party (CCP) against the Uyghur Muslim population.
Although Biden’s updated list still maintains bans on such companies as Huawei and Hikvision, the removal of Sugon was noted as “strange” by Michael Sobolik, a fellow with the American Foreign Policy Council.
Three major Chinese telecom companies will be removed from the U.S. stock market after President Donald Trump banned investing in companies that aid China’s military.
On Jan. 11, China Mobile, China Telecom and China Unicom will be removed from the New York Stock Exchange, CNN reported. The telecom companies are all major state-owned firms that the U.S. suspects are tied to the Chinese military.