SVB Collapse: Would the US Help Chinese Drugmakers? | China In Focus

Adolf Goebbels
Published on Mar 24, 2023
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Silicon Valley Bank's #collapse is rippling into China. Thousands of Chinese companies are listed among the bank's #clientsâ€”with over $240 million in assets on the lineâ€”and 57 are on a special list belonging to the Chinese Communist Party. Those same companies fall under the "foreign depositors" category that the United States is set to protect. Sen. Marco Rubio (R-Fla.) penned a letter to Treasury Secretary Janet Yellen, expressing concern over handouts to the Chinese regime. Estimates say the bank had nearly $14 billion of uninsured foreign deposits.

00:00 Intro
00:47 SVB Collapse: Would the U.S. Help Chinese Drug Makers?
04:03 Witness: Chinese Police Trade Executed Prisoners' Organs
06:56 Wh: Chinese TikTok Owners Must Divest or App Will Face Ban in U.S.
09:18 U.S. Approves Missiles Sales to Australia
11:01 Japan, S. Korea Work to Soften Historic Rivalry
12:28 U.S. Welcomes Ice-Breaker Between Japan, S. Korea
13:52 U.S. Runs First Maritime Drills With West Africa Top Priority: Illegal Fishing by China

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