Part 6/8:
As the trade war simmers, security tensions have also surged, underscored by U.S. accusations that a Chinese satellite company, Chang Wang Satellite Technology Co. (CGSTL), has been aiding Iranian-backed Houthi rebels. This development has only exacerbated the already fraught relations, with Washington accusing CGSTL of supporting terrorist activities that threaten U.S. interests.
Concurrently, the U.S. House Select Committee on China is urging major banks to withdraw from a planned IPO for a battery giant linked to the Chinese military. This growing bipartisan scrutiny highlights the deepening concerns over the intersection of Chinese business interests and military objectives.