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Hu Xijin: The Netherlands, This “Petty Bandit,” Must Pay the Price for Its Action

Hu Xijin, formal chief editor of China’s state-run media Global Times, published an editorial
article following a court ruling of Netherlands on February 11, ordering a formal investigation
into the socalled “mismanagement” at Nexperia. Below is an excerpt of the article:

“A court of appeal in Amsterdam, the Netherlands, issued a ruling ordering a formal
investigation into the socalled “mismanagement” at Nexperia. The ruling also upholds the
Dutch government’s earlier decision to suspend the company’s Chinese CEO, Zhang Xuezheng,
and allows the European interim management team to remain in place. This is undoubtedly a
political ruling—using the law as a tool to legitimize what amounts to a ‘coup’ by the Dutch
government against Nexperia.

“The court stated that it had ‘sufficient grounds’ to question Nexperia’s policies and business
conduct, claiming there were ‘indications’ that CEO Zhang had ‘unilaterally changed the
company’s strategy’ in response to U.S. exportcontrol pressures. According to the court, under
Wingtech’s control, there were signs that Nexperia failed to comply with agreements made
with the Dutch Ministry of Economic Affairs and took steps to marginalize or dismiss European
managers.

“Wingtech Technology issued a statement expressing ‘extreme disappointment and strong
dissatisfaction’ with the ruling, emphasizing that it would continue to defend its rights through
all legal means.

“In recent months, many European countries and Canada have accelerated commercial
engagement with China, with visiting Western leaders signing trade agreements to stabilize and
expand economic ties. The U.S., after intense friction last year, has also entered a trade truce
with China and adjusted its strategy. However, the Dutch ruling pushes the Netherlands back
into confrontation with China, preventing the ‘Nexperia turmoil’ from settling. With several
Chinahawk politicians entering the new Dutch cabinet, the ruling is seen as a signal that the
Netherlands will continue its irrational China policy.”

The article argues that the Dutch government appears confused about its own interests and
how to defend them. “China’s scale is not in the same league as the Netherlands, and we have
experienced and seen far more. When dealing with the Netherlands, this ‘little bandit’ and
‘little bully,’ our capability and endurance are destined to be inexhaustible.” “The Netherlands,
will have to pay a price for its action.”

Source: Sina, February 12, 2026
https://www.sina.cn/news/detail/5265619327918245.html

CNA: Xinhua News Agency Released a New List of Prohibited Terms, Emphasizing Taiwan Is a Province of China

Xinhua News Agency recently released a new batch of prohibited terms, covering five major
categories: social life, legal matters, ethnic and religious issues, matters involving territorial
sovereignty and Hong Kong–Macau–Taiwan, and international relations.

In the category concerning territory, sovereignty, and Hong Kong–Macau–Taiwan, there are 13
prohibited expressions. Xinhua states that “Hong Kong and Macau are Special Administrative
Regions of China, and Taiwan is a province of China. In all written texts, maps, and charts,
special care must be taken not to refer to them as ‘countries.’” This is especially important
when listing multiple countries and regions together, where the phrase “countries and regions”
must not be omitted.

For the names of Taiwan’s governmental institutions, quotation marks should be used when
they cannot be avoided, such as Taiwan’s “Legislative Yuan,” “Executive Yuan,” “Control Yuan,”
and “Election Commission.” Terms such as “central,” “national,” or “Chinese Taipei” must not
appear; if they must be used, they should be placed in quotation marks, such as Taiwan
“Central Bank,” Taiwan “Premier,” or “Legislator.” Institutions like Taiwan “Tsinghua University”
and the Taiwan “National Palace Museum” should also be placed in quotation marks.
“It is strictly forbidden to refer to the leader of the Taiwan region as the ‘President (Vice
President) of the Republic of China,’ even with quotation marks.”

Other prohibited expressions include: Taiwan’s socalled “laws” should be described as “relevant
regulations of the Taiwan region.” In matters involving crossStrait legal affairs, terms from
international law such as “document authentication,” “judicial assistance,” or “extradition”
must not be used.

The two sides of the Taiwan Strait and Hong Kong must not be collectively referred to as “the
two sides of the Strait and the three regions.” The phrase “Hong Kong, Macau, and Taiwan
tourists traveling to China” should be expressed as “Hong Kong, Macau, and Taiwan tourists
traveling to the mainland.” “Taiwan” corresponds to “the mainland (or the motherland’s
mainland),” and “Hong Kong and Macau” correspond to “the mainland,” and these concepts
must not be confused.

Additional prohibited expressions include placing Taiwan, Hong Kong, or Macau alongside China
as parallel entities, such as “China–Hong Kong” or “China–Taiwan.” Instead, one should use
expressions like “the mainland and Taiwan” or “Fujian and Taiwan.”

Source: CNA, February 27, 2026
https://www.cna.com.tw/news/acn/202602270111.aspx

LTN: China Accuses United States of Seizing Global Cryptocurrency Assets in New Report

China has issued a new report on February 26 accusing the United States of using its
technological and regulatory power to “harvest” virtualcurrency assets from around the world.
The report, released by China’s National Computer Virus Emergency Response Center and a
cybersecurity research institute, claims that U.S. authorities have seized more than US$30
billion in global cryptocurrency holdings between 2022 and 2025.

According to the report, nearly half of the seized assets were tied to the highprofile case
involving Chen Zhi, founder of Cambodia’s Prince Group (太子集團). Chen was arrested in 2024
and later extradited to China, where he faces charges related to online fraud and money
laundering. U.S. prosecutors had previously charged Chen in New York and confiscated 12.7
million bitcoins from the accounts controlled by Chen, valued at roughly US$15 billion at the
time, marking one of the largest crypto seizures in American history.

Chinese authorities argue that the United States uses its dominance in global internet
infrastructure, financial networks, and blockchain analytics to monitor and confiscate digital
assets worldwide. The report alleges that these actions go beyond criminal enforcement and
amount to a strategic effort to strengthen U.S. control over emerging digital financial systems.

Source: LTN, February 26, 2026
https://news.ltn.com.tw/news/world/breakingnews/5352218

China’s 31 Provinces Embrace Austerity in 2026 Budget Plans

All 31 of China’s provinces have released their 2026 budget drafts, each echoing the central government’s directive for Party and government agencies to “live frugally” by cutting administrative and non-essential expenditures. The push reflects an intensifying fiscal squeeze that has been building for years, with some analysts arguing that curbing wasteful local government investment would yield even greater savings than trimming routine spending.

The “living frugally” policy generally refers to reductions in the so-called “three public expenses” — overseas official travel, official hospitality, and government vehicle costs — along with other non-urgent outlays. According to a report by Yicai on February 27, the approach has become a long-term policy directive, particularly as the gap between fiscal revenues and expenditures has widened in recent years.

Several provinces reported concrete results. Tianjin cut 5.87 billion yuan (approximately $806 million USD) in non-essential spending in 2025. Jiangxi saw its three public expenses fall 21 percent, large-scale provincial renovation spending drop 41.9 percent, and conference fees decline 36.4 percent. Shaanxi pledged to further slash budgets for festivals, trade shows, and forums, while Hebei committed to continued reductions across meetings, training, and outsourced service fees.

An anonymous local fiscal official noted that reining in ineffective and hastily launched investment projects — those started without adequate planning or assessment — would save considerably more public funds than cutting general administrative expenses.

The frugality drive traces back to March 2019, when President Xi Jinping explicitly linked government belt-tightening to improving ordinary citizens’ lives. The policy gained further urgency during the COVID-19 pandemic as local finances deteriorated. It was formally institutionalized in May 2025, when the Party and State Council issued a revised regulation on strict economy and opposing waste, moving the directive from a slogan into enforceable policy.

Source: Central News Agency (Taiwan), February 27, 2026
https://www.cna.com.tw/news/acn/202602270112.aspx

China Targets Japan’s Military Buildup With Export Controls

China’s Ministry of Commerce recently announced it is adding 20 entities involved in enhancing Japan’s military capabilities to its export control list, while placing another 20 Japanese entities on a watch list for failing to verify the end users and end uses of dual-use goods. Beijing framed the move as a matter of national security, non-proliferation obligations, and a direct response to what it describes as Japan’s accelerating “re-militarization.”

China argues that under the Cairo Declaration, the Potsdam Proclamation, and Japan’s Instrument of Surrender, Japan is legally prohibited from rearming. Yet major Japanese defense contractors — Mitsubishi Heavy Industries, IHI Corporation, and Kawasaki Heavy Industries — have continued producing warships, fighter jets, and missiles. China specifically cites Mitsubishi’s involvement in developing hypersonic glide weapons and shipbuilding contracts that it claims threaten stability in the East and South China Seas.

The article points to Japan’s rapid defense spending growth as evidence of a deepening military-industrial complex. Defense budgets have risen for 14 consecutive fiscal years from 2012 to 2026, more than doubling since 2022. Stock prices of major defense firms have surged dramatically since November 2022 — Mitsubishi Heavy Industries by over 650 percent, IHI by over 480 percent, and Kawasaki Heavy Industries by over 280 percent — even as Japan’s broader manufacturing sector grew at less than 1 percent annually over the same period.

Under Prime Minister Sanae Takaichi, the article claims, remilitarization has accelerated further, with plans for large-scale bond issuance and a special defense income tax to fund military expenditures, alongside the establishment of a national intelligence agency this year.

The piece also raises alarm over Japan’s nuclear ambitions, noting that Japan had stockpiled 44.4 tons of separated plutonium as of end-2024 — far exceeding civilian energy needs — and possesses the full technical infrastructure to produce weapons-grade material. China warns that if Japan crosses the nuclear threshold, the global non-proliferation framework would face a severe blow. The article concludes that China’s export controls are a lawful and necessary step to prevent militarism’s resurgence and to uphold the postwar international order.

Source: People’s Daily, February 28, 2026
http://paper.people.com.cn/rmrb/pc/content/202602/28/content_30142715.html

China’s Soft Power Play: Subsidized Tours Aim to Win Over Taiwan’s Youth

A report by Le Monde, filed from Beijing, details how China is using subsidized travel and youth exchange programs as a soft power tool to reshape how young Taiwanese perceive the mainland — with mixed results.

The article follows two Taiwanese university students, referred to by pseudonyms Mei and Lian, who traveled to China in January through an association offering heavily discounted trips specifically designed for Taiwanese youth. The pair paid only for their round-trip airfare plus a registration fee equivalent to roughly 100 euros (approximately $110 USD, or NT$3,700), with the remainder covered by subsidies from the Chinese government and provincial authorities — the same provincial bodies that house so-called “united front” departments tasked with cultivating support for Beijing’s agenda.

Over about ten days, the two visited Hangzhou — home to AI firms DeepSeek and Unitree, as well as Alibaba’s headquarters — before traveling to the Changbai Mountain region for snow scenery and then Harbin for its winter festival. Mei noted that China seemed more advanced than Taiwan in some respects, pointing to hotel robots that could navigate elevators and hallways to deliver food orders.

During the trip, the organizing association arranged meetings with Chinese peers of similar age. These individuals avoided aggressive political messaging and largely steered clear of direct discussions about unification — instead encouraging Mei and Lian to post photos of places they found beautiful or impressive on social media. With only around 1,000 followers each, the two were seen as authentic, unsponsored voices rather than obvious influencers.

The article concludes that the initiative was only partially successful. Both women came away impressed by China’s modernity, infrastructure, and scenery, but Mei’s sense of Taiwanese identity remained intact. “We want to keep our democracy,” she said. Her mother, for her part, refused to speak to her for two months after learning of the trip.

Source: Central News Agency (Taiwan), February 26, 2026
https://www.cna.com.tw/news/acn/202602260307.aspx

UDN: Panama President Ordered Takeover of Two Ports Operated by CK Hutchison Holdings

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that Panamanian President Jose Raul Mulino has ordered a temporary takeover of two ports operated in Panama by a subsidiary of CK Hutchison Holdings. Last month, the Panamanian Constitutional Court ruled CK Hutchison’s port concession contracts invalid.

Mulino said in a statement that the management and operation of the two ports located in the strategic Panama Canal have now been transferred to the National Maritime Authority in order to “ensure the ports operate continuously, safely and efficiently.” He stated that the takeover applies to movable equipment within the port and “does not mean a loss of ownership.” He indicated that once the cause of the takeover ceases to exist, the government will return the assets, including the cranes, to their rightful owners. Panama will pay appropriate compensation unless the equipment is sold to a new buyer.

CK Hutchison’s subsidiary in Panama stated that the takeover was illegal. CK Hutchison Holdings is a conglomerate founded by Hong Kong tycoon Li Ka-shing. In January, Panama’s Supreme Court revoked CK Hutchison’s port operating concession. The ruling was praised by Washington but drew criticism from Beijing.

Source: UDN, February 24, 2026
https://udn.com/news/story/6809/9341089

First time in 30 years, US Imports from Taiwan Surpassed Those from China

Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that, the latest import and export data released by the U.S. Department of Commerce showed that U.S. imports from Taiwan in December increased by approximately 144 percent year-over-year, reaching US$24.7 billion; while imports from mainland China decreased by nearly 44 percent year-over-year, falling to US$21.1 billion. This marks the first time in over three decades that U.S. imports from Taiwan have exceeded imports from mainland China.

Looking at the full-year data, the U.S. trade deficit with China decreased by nearly 32 percent to US$202.1 billion last year, the lowest level since 2005. Specifically, U.S. imports from China fell by nearly 30 percent to US$308.4 billion, the lowest since 2010; while exports to China decreased by nearly 26 percent to US$106.3 billion.

In the meantime, the U.S. trade deficit with Taiwan reached US$146.8 billion last year, an increase of 98 percent. Of this, U.S. imports from Taiwan increased by 73 percent to US$201.4 billion, while exports to Taiwan increased by 28 percent to US$54.6 billion.

After nearly 10 months of negotiations, Taiwan and the United States signed a reciprocal trade agreement on February 12. The significant growth in the supply of AI chips and servers is the reason for the surge in Taiwan’s exports to the United States.

Source: Lianhe Zaobao, February 20, 2026
https://www.zaobao.com.sg/news/china/story20260220-8602991