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Xi Jinping’s iron grip on power brings new form of corruption, China experts tell US congressional advisory panel

Chinese leader Xi Jinping’s tightening grip on power over the last decade has created a new form of corruption in his country’s government as officials compete to show their loyalty to him above all else, a congressional advisory body on US-China relations was told at a hearing on Thursday.Experts on Chinese politics at the elite and local levels warned that Xi, who abolished presidential term limits and is widely expected to stay in power when his second term ends this year, has wrung out from… …

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Bitcoin ‘gives back gains’ after Fed comments ‘add downside risks’ to crypto markets

Analysts foresee prolonged weakness in BTC and altcoins following hawkish comments from the Federal Reserve. Bitcoin (BTC) price continues to flash mixed signals, raising uncertainty among investors and negatively impacting asset prices across the market.Data from Cointelegraph Markets Pro and TradingView shows BTC price pinned below $36,000 and even though crypto and equities markets underwent a brief relief rally on Wednesday, comments from the recent FOMC meeting appear to be settling in as investors internalize the fact that interest rate hikes are on the way.BTC/USDT 1-day chart. Source: TradingViewHere’s a look at what analysts and traders are saying…

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Chinese scientists develop 6G technology for hypersonic weapons communication and tracking: paper

Chinese scientists say they have proved that a hypersonic weapon could use 6G technology for communication and target detection, solving some of the blackout problems that occur at five times the speed of sound or faster.The breakthrough has implications for the effectiveness of weapons and defence systems and could lead to “critical improvement in China’s near-space defence”, according to the team led by Professor Yao Jianquan, one of China’s top laser scientists.Their paper on the experiment… …