CHINA | WHAT REALLY HAPPENED


CHINA

Feb 06 15:08

CHINA'S NEW CUTTING-EDGE TANK DETAILS SURFACE

Feb 06 10:48

Money from thin air: British breezes sells for £80 a pop in China

A UK businessman is making a fortune selling British air to wealthy Chinese buyers for £80 ($115) a bottle.

Leo De Watts, 27, harvests fresh air from rural locations across the UK, including Dorset, Somerset, Wales, Wiltshire and Yorkshire.

His team use specially adapted fishing nets and run through fields to collect the breeze. The nets are left for 10 minutes to absorb the local aroma, before being bottled in 580ml containers.

Webmaster's Commentary: 

Some people have waaaaay too much money and no common sense.

Feb 06 10:27

Chicago Stock Exchange Says It’s Being Sold to Chinese-Led Group

The Chicago Stock Exchange said a Chinese investor group agreed to acquire it, giving the buyer entry into the intensely competitive U.S. equity market. Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the company, according to a statement Friday. The deal values the Chicago Stock Exchange at less than $100 million, according to a person familiar with the matter, who asked to not be identified because the terms weren’t disclosed publicly. The exchange expects the deal to close in the second half of the year, though that will require regulatory approval.

Feb 05 18:36

Strange Times: Pentagon Talks up Conflicts with Iran, Russia, China, North Korea

It could happen today or tomorrow. Maybe in the years to come. But potential conflicts with Russia, China, North Korea and Iran are inevitable. That’s what the Pentagon says in its new budget request from the US Congress!

Feb 05 09:44

SocGen claims China is only months away from burning through its currency reserves

China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months, forcing the government to wave the white flag and float the yuan, says Société Générale global strategist Albert Edwards.

Webmaster's Commentary: 

Money has been weaponized!

Feb 04 12:12

Chinese Investors Ponzi'd - American Style!

Feb 04 09:50

Pettis: China's Debt Reckoning Is Upon Us

Feb 04 08:15

Beijing Vs DC: The Battle for Southeast Asia

By Tony Cartalucci

The Straits Times published an opinion piece by the London-based Rob Edens. Wishfully titled, “South-east Asia fast becoming unfriendly territory for China,” it attempts to portray Southeast Asia as increasingly pivoting West toward Washington, coincidentally just as Washington was “pivoting” East toward Asia...

Feb 04 08:10

Epic Battle: Hedge Funds Versus China

Feb 03 21:18

The Art of War Quotes

He who knows when he can fight and when he cannot will be victorious!

For to win 100 victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.

Feb 03 09:43

BREAKTHROUGH OF CHINA TO THE MIDDLE EAST

Beijing is preparing a free trade agreement with the countries of the Persian Gulf, and with Iran plans to increase trade to $ 600 billion a year, linking up with the states required for the new Silk Road...

Feb 02 15:30

US Air Force Bolsters Space Defense to Counter Russian, Chinese 'Threats'

As global powers prepare for the increased role of outer space in future conflicts, the US Air Force has announced the creation of a new team whose sole purpose is to protect American space assets – primarily against Russian and Chinese "aggression."

Webmaster's Commentary: 

"CHINA IS BUILDING A DEATH STAR! CHINA IS BUILDING A DEATH STAR! " -- Official White Horse Souse

Feb 02 14:50

Donald Trump Is Not the Only One Demonizing China

One day recently, the New York Times, following Donald Trump’s lead,
ran two articles that demonized China-although the elite newspaper did so much
more subtly than the crudities of “the Donald.”

Feb 02 08:47

Chinese Investors Find Out They Got Fleeced By A $7 Billion Ponzi Scheme

On Monday we got the latest “big” news out of China when Beijing announced it had arrested 21 people over a $7.6 billion P2P fraud Ezubao. 900,000 people were defrauded, making the fiasco the biggest ponzi scheme in history by number of victims.

Feb 02 08:44

Hong Kong Housing Bubble Suffers Spectacular Collapse: Sales Plunge Most On Record, Prices Crash

Two months ago, we observed the record plunge in Hong Kong home sales when according to Land Registry data, a paltry 2,826 registered residential transactions were record, down 14.4% from October and what we thought was an amazing 41.7% less than in November last year. This was the lowest print in the history of the series.

Little did we know just how bad it would get just two months later.

Feb 01 14:44

Meet China's Latest $1.8 Trillion "Problem"

The powers that be in Beijing aren’t particularly keen on allowing the banking sector to report “real” data on souring loans - especially given the fragile state of the country’s economy. In some cases, the Politburo will pressure banks to simply roll over bad debt, effectively kicking the can.

In addition, banks carry around 40% of their credit risk outside of “official loans.” Here’s what Fitch had to say last year:

Feb 01 08:38

Monday Mandarin Manufacturing Meltdown

Feb 01 04:46

Asian Markets Close Mixed: Weak PMI Data Weighs on China

Asian markets traded mixed on Monday with China taking the biggest hit to close in the red. The weak Chinese PMI manufacturing data coupled with decline in oil prices, drove the equity stocks in the region to close mix.
***
SSE Composite index in China closed down 1.78% on Monday after PMI index disclosed contraction in manufacturing and services sector of the country. The Purchasing Managers’ Index (PMI) for manufacturing sector in January dropped to 49.4, its lowest level in three years, from December’s 49.7, according to National Bureau of Statistics (NBS).
***
>The People’s Bank of China (PBOC) also injected around $1.5 billion in cash in the country’s financial system
>China’s Energy sector performed poorly during today’s trading session.
>Hang Seng in Honk Kong closed down 0.45%, erasing early gains.
>Oil prices plunged on Monday during Asian trading hours

Jan 31 09:45

Gloria Macapagal-Arroyo sold the Spratly Islands to China

Webmaster's Commentary: 

Bump to the top

Jan 31 09:45

China strongly condemns US for sending warship near island

China strongly condemned the United States after a U.S. warship deliberately sailed near one of the Beijing-controlled islands in the hotly contested South China Sea to exercise freedom of navigation and challenge China’s vast sea claims.

Jan 30 08:01

China protested because of the actions of U.S. destroyer in the South China sea

The defense Ministry of China expressed strong protest to the United States because of the patrolling destroyer of the U.S. Navy in the district near the Paracel Islands archipelago. Earlier, Pentagon spokesman captain Jeff Davis said that the Navy destroyer USS Curtis Wilbur approached the Triton island of Paracel archipelago for a distance of 12 nautical miles in operation for the protection of freedom of navigation... He also added that the operation "was a challenge to China, Taiwan and Vietnam, which trying to limit the rights and freedoms of navigation". The representative of the Ministry of defense of China: the actions of the US destroyer violate the laws of China, and the Navy of China immediately after the incident has taken the necessary response and warned the USS Curtis Wilbur to leave the territorial waters of the country.

Jan 29 16:13

A “Death Spiral” for the Chinese Yuan?

Jan 29 13:49

Beijing Plans Aircraft Carrier Patrols in Disputed South China Sea

The Chinese Navy will likely deploy an aircraft carrier for permanent operations in the South China Sea, where China and other countries in the region are feuding over competing territorial claims, an expert said.

Professor Chu Shulong, the director of the Institute of International Strategic and Development Studies at Tsinghua University in Beijing, told IHS Jane’s that the deployment will likely occur when the Chinese People's Liberation Army Navy's second aircraft carrier is fully operational.

"For the Northern Sea, Yellow Sea, and Eastern Sea, China does not need an aircraft carrier. Chinese land-based [aircraft] are capable of reaching places like the Diaoyu Islands," Chu said, in reference to the territories also claimed by Japan and known in Tokyo as the Senkaku Islands.

Webmaster's Commentary: 

A short memo to the US government; playing "chicken" with a Chinese aircraft carrier, to express your "displeasure" over China potentially patrolling these waters, is not a sane or sound strategy here.

Jan 29 13:12

US and Japan shouldn't interfere in Spratly dispute

Grigory Lokshin, leading research fellow at the Centre for the Study of Vietnam and ASEAN, RAS Institute of Far Eastern Studies told Pravda.Ru how the conflict of interests around the South China Sea would develop. 'The dispute, which is going on between China and countries of the region, is their inner affair. We stand for their meeting and settling everything by means of negotiation without use of force and threats'. What about common ground on the Spratly, the expert said, that 'it's a very difficult question on the sovereignty and it can't be settled without a mutual compromise, as globally important communications and trade routes lie here. The parties should sit down to talk without any outer non-regional forces, especially the US and Japan, that shout most loudly. The problem is that none of the countries, neither China, nor Vietnam or the Philippines consider that their national interests can be achieved by oppressing the interests of another party.

Jan 29 12:54

Vietnam lashes China for suspicious activity on Spratly Islands

Vietnam expressed its protest in connection with China's use of runways built on Fiery Cross Reef (Spratly Islands)... Vietnam's official Foreign Ministry spokesman Le Hai Binh said that China's actions violated Vietnam's sovereignty over the Spratly Islands and came contrary to the agreement between the top leaders of the two countries and the 2002 Declaration on the Conduct of the Parties in the East Sea ??(the declaration was signed between the Association of Southeast East Asia, ASEAN and China - ed.). According to the Vietnamese official, China's actions in the area of the Spratly Islands threaten peace and stability in the South China Sea. These actions, according to Hanoi, cause damage to the political trust between the two countries and negatively affect the traditionally good relations between the peoples of Vietnam and China. The Philippines joined the protest.

Jan 28 18:51

Silk Dragon Takes Persian Road by Pepe Escobar

china makes deals

snip: Translation: business, business, business. And no Chinese interference in fractured Middle East politics.

Xi’s diplomatic offensive, a spin-off of One Belt, One Road, seeks no less than reconfigure the Non-Aligned Movement (NAM) – for which China is a global champion – in the context of emerging new financial architecture, centered on the globalization of the yuan.

That includes the push for the yuan to become one of the world’s reserve currencies; and mechanisms such as the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund, much more attuned to the needs of the developing world than the IMF, the World Bank and even the Asian Development Bank (ADB).

Jan 28 15:23

Controversial French comedian Dieudonné denied entry to Hong Kong, Cyberport shows cancelled

A controversial “hate-speech” comedian with links to the far-right was on a plane back to Paris last night after being denied entry to Hong Kong where he had hoped to perform two shows.

French comic Dieudonne M’bala M’bala was detained by immigration officials at Hong Kong International Airport shortly after 7:30am yesterday after arriving on a flight from Bangkok following a trouble-free show in the Thai capital.

The block on Dieudonne’s entry came after high-level diplomatic interventions by Israel and France, who warned that his planned appearances – at a Cyberport venue last night and tonight – could have led to disorder and even violence if they went ahead.

Jan 28 14:16

Red Ponzi Ticking

Jan 28 10:44

Will America go to war for the Philippines?

In places like the Middle East, where the United States is perceived to be engaged in a gradual strategic retreat, China is on the offensive. The Asian powerhouse has been reaching out to key American allies such as Saudi Arabia and Egypt. as well as to post-sanctions Iran, which is expected to play an even more consequential role in creating a post-American order in the region.

Webmaster's Commentary: 

The spin is that China is "invading" our turf, but the US is a collapsing empire and it is natural for other nations to move into the vacuum created by the fall of the US.

Jan 28 10:40

China claims successful monkey head transplantation, op on human scheduled for 2017

Chinese scientists claim they’ve carried out the first successful head transplant on a monkey.

Jan 28 09:24

Good Relationship With Russia, China ‘Would Be Great' for US - Trump

US presidential hopeful Donald Trump said that it would be great if Washington had a good relationship with Russia and China.

Webmaster's Commentary: 

Trump is the only candidate who will pull the US back from the brink of war with Russia and China. All the other candidates want to shove us over that edge.

Jan 27 10:52

THE MYTH OF CHINESE TRANSITION EXPLODED

Jan 26 17:41

China warns George Soros against going to 'war' on its currency

China has officially issued a warning to George Soros: Beware of going to "war on the renminbi." The message comes in a piece published in China's People's Daily titled "Declaring war on China's currency? Ha ha." People's Daily is the Communist Party's mouthpiece.

Jan 26 13:40

China Warns Soros Against Starting A Currency War: "You Cannot Possibly Succeed, Ha, Ha"

George Soros may have broken the BOE and may well have been at least partially to blame for the Asian Financial Crisis, but he will not win an FX battle with the PBoC. At least that’s Beijing’s message to the billionaire, as conveyed via a characteristically hilarious “op-ed” in the People’s Daily entitled “Declaring war on China’s currency? Ha ha”

Webmaster's Commentary: 

Soros has his little fun and the rest of the world suffers for it.

Jan 26 10:58

New Beijing-Tehran Axis in the Making

The strategic relationship that matters is Beijing-Tehran – from the energy sphere to Eurasia integration via One Belt, One Road. But Beijing also needs Saudi oil

Jan 26 08:58

CHINA READIES DIGITAL CURRENCY

Jan 26 03:13

China Will Get Iranian Oil

China Will Get Iranian Oil After Obama Lifted Sanctions

China could reap the benefits of President Barack Obama’s lifting of sanctions on Iran after the two countries agreed Saturday to increase their oil trade over the next decade.

Jan 25 17:59

First Monkeys with Autism Created in China

Scientists in China say they used genetic engineering to create monkeys with a version of autism, an achievement that could make it easier to test treatments but that raises thorny practical and ethical questions over how useful such animal models will be. Neuroscientist Zilong Qiu of the Shanghai Institutes for Biological Sciences says his team has generated more than a dozen monkeys with a genetic error that in human children causes a rare syndrome whose symptoms include mental retardation and autistic features, such as repetitive speech and restricted interests.

Jan 25 13:48

ECUADOR TO SELL A THIRD OF ITS AMAZON RAINFOREST TO CHINESE OIL COMPANIES

Ecuador is planning to auction off three million of the country’s 8.1 million hectares of pristine Amazonian rainforest to Chinese oil companies, Jonathan Kaiman of The Guardian reports. The report comes as oil pollution forced neighbouring Peru to declare an environmental state of emergency in its northern Amazon rainforest. Ecuador owed China more than $7 billion — more than a tenth of its GDP — as of last summer.

Jan 25 10:25

Good News, World! You Can Stop Worrying About the South China Sea!

I guess it’s understandable. A more accurate characterization of the South China Sea as “a useful but not indispensable waterway for world shipping whose commercial importance, when properly exaggerated, provides a pretext for the United States to meddle in Southeast Asian affairs at the PRC’s expense” is excessively verbose and fails to convey a sense of urgency.

The kicker, of course, is that the lion’s share of the $5 trillion is China trade, and most of the balance passes through the South China Sea by choice and not by necessity.

In other words, the only major power with a vital strategic interest in Freedom of Navigation in the South China Sea is the People’s Republic of China. And the powers actually interested in impeding Freedom of Navigation down there are…pretty much everybody else, led by the United States.

Jan 25 07:49

China's 'Collapsing' Economy Grew 6.9% in 2015

Doubtlessly the number is inflated by misallocated boom growth and accounting tricks, but even just half the reported number still puts Beijing growth well ahead of any major economy

Jan 25 07:45

Chinese Furious after Saudi Crown Prince Shuns Meeting with President Xi

Being concerned about operation of the terrorist groups in the region, the Chinese president was interested in holding a meeting with the Saudi crown prince - who is also in charge of the country's domestic security as interior minister - but arrangements for the meeting failed, a source said today.

During the first day of his visit to Riyadh on January 19, President Xi met with Deputy Crown Prince Mohammad bin Salman who is also Saudi Arabia's Defense Minister.

President Xi Jinping also met Saudi King Salman in Riyadh and then inaugurated a joint-venture refinery in Yanbu Industrial City on the Red Sea on Wednesday.

The source said arrangements for the meeting with the crown prince failed due to internal differences and rivalries between Mohammed bin Nayef and his deputy Mohammad bin Salman who is the King's son and has high aspirations to topple the Crown prince to replace him.

Jan 25 07:44

Chinese President Xi in Tehran

China is Iran’s largest trading partner, including oil and gas, along with billions of dollars in other products and services.

On Friday, President Xi Jinping arrived in Tehran, officially welcomed by Iranian President Hassan Rohani.

The visit was the first by a Chinese head of state in 14 years, Jiang Zemin the last one in 2002, early in the post-9/11 era, featuring endless US imperial wars, along with hostile anti-Russian/anti-Chinese policies.

Presidents Xi and Rohani seek closer ties, Xi signalizing a new chapter in bilateral relations. Iran’s IRNA news agency quoted him saying:

Jan 22 15:05

China prepares nuclear strikes against US

Lyle Goldstein, Associate Professor in the China Maritime Studies Institute at the U.S. Naval War College in Newport, Rhode Island, claims in his article for the National Interest that China is ready to deliver a nuclear strike on the US territory. One particular graphic of the Chinese ballistic missile strikes by nuclear-armed rockets against the United States, published in the Naval & Merchant Ships counts for a lot! There are even marked the best points for a hit in New York, that would make the Chinese nuclear arsenal more effective. The Chinese Navy is also being developed on a long-term horizon and is being equipped with nuclear capabilities. This data, according to the National Interest, confirms that Beijing works on some of its far-sighted nuclear plans to become a reality one day.

Jan 22 09:46

China braces for record cold snap with temperatures expected to drop to minus 30

SCHOOLS have been suspended and emergency workers put on standby in China as the country braces for historically cold weather, including 30-year lows in places, the government and state media said on Thursday.

Jan 22 07:14

Russian Navy to hold drills with China, Egypt, India this year — deputy commander

Russia’s Fleet will take part in a range of international naval exercises this year jointly with China, Egypt, India and other countries, the deputy commander-in-chief of Russian Navy said on Thursday.

"To continue work on strengthening ties with the naval forces of foreign countries in 2016 a number of joint drills have been planned: with the Navies of China, Egypt and India," Alexander Fedotenkov said.

Joint drills will also be held for the first time between Russia, Azerbaijan and Kazakhstan, he added.

Jan 21 19:28

China Wants to Issue Its Own Digital Currency

China’s central bank plans to issue its own digital currency “as soon as possible,” according to Xinhua. The People’s Bank of China made the announcement at a conference on digital currency in Beijing.

Jan 21 15:33

Chinese Debt Bubble About to Burst

Economist James Henry and Ho-fung Hung say China's debt-to-GDP ratio above 240% is an indicator that there is a major disconnect between the market and the real economy.

Jan 21 09:57

Vietnam Warns China Not Drill for Oil in Disputed Area

Following a recent rig settlement by Beijing, Vietnam has demanded that China not drill for oil in disputed waters to avoid a repeat of the 2014 deadlock over resource exploration and extraction in the South China Sea.

Jan 21 09:00

Why America Should be Worried About China’s New Military Base in Africa

China’s plans to build a military base in Djibouti could be the first step toward Beijing’s deeper involvement in Africa – a strategy that should make the United States "very nervous," according to journalist James Poulos.

Webmaster's Commentary: 

Africa is the world's largest chunk of undeveloped resources; resources coveted by US corporations. So, hate the Chinese and say goodbye to your military age children!

Jan 21 08:50

WAR ON CASH ESCALATES: CHINA READIES DIGITAL CURRENCY, IMF SAYS "EXTREMELY BENEFICIAL"

Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recently here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."

These limits are broadly called “capital controls.”

WHY NOW?

WHY ARE GOVERNMENTS SUDDENLY SO KEEN TO BAN PHYSICAL CASH?

Jan 21 06:05

Every false flag in the making is detected ahead of time by somebody’s intelligence services

Every false flag in the making is detected ahead of time by somebody’s intelligence services—usually more than one country—because spying today is so effective and so universal. Officials in possession of this secret information often pass it on to the country that’s targeted, in the sincere belief that a heads-up will be appreciated.

But often the information isn’t welcomed—-because the fix is already in. Treasonous assets within the targeted country’s chain of command, who are prepared for the possibility of a leak, take measures to block the information from reaching those who might act on it in a meaningful way.

Jan 21 00:09

US attempts to put pressure on China hopeless

The United States demanded China should stop supplying oil to North Korea and terminate imports of anthracite from North Korea, the Japanese newspaper Asaji wrote. The US gave a reason for its requirements: sanctions for the fourth nuclear test that the Democratic People's Republic of Korea (North Korea) conducted on January 6... "China reacts very badly to ultimatums. One can only negotiate with China. As for anthracite, North Korea supplied 15.5 million tons of it to China in 2014 worth $115.5 million dollars. The shipments made up about 40 percent of the total volume of North Korean exports. Anthracite is coal. The Chinese provinces that are located close to North Korea, use coal in their industry. This is a matter of economic import only," said Sergey Lukonin. "If the Americans discuss this question instead of presenting their claims as an ultimatum, then this issue could be resolved," the expert added.

Jan 20 15:44

China Flexes Muscles At Shanghai Gold Exchange

The New Cold War between West and East has already become a Luke-Warm War , and it threatens to become a full-fledged “hot” war. After years of passively reacting to Western crime and aggression; both China and Russia have shown an increasing tendency to adopt a more proactive stance. On the economic front, China has leaped into the international gold market, suddenly and decisively .

Jan 20 15:42

China-led Asian Infrastructure Investment Bank Opens Without the US

Mark Weisbrot of CEPR says the institutions of global governance, especially the ones that have actual power, have historically been controlled by the United States - this bank marks a departure from that trend.

Jan 20 13:10

US Analysts Sweat Bullets as China Moves to Supplant Washington in Mideast

American observers are keeping an eagle eye on Chinese President Xi Jinping as he conducts his five-day tour of the Middle East, which includes stops in Saudi Arabia, Egypt and Iran. For their part, analysts speaking to The Washington Times warned that Beijing may be pushing to supplant Washington's influence in the region.

Webmaster's Commentary: 

The US' global influence is on the wane, collapsing along with the US economy, so it is inevitable that others will step in to fill the vacuum!

Jan 20 09:10

WHO OR WHAT IS CAUSING ALL THESE (6) CHEMICAL PLANT EXPLOSIONS IN CHINA?

Jan 20 08:13

China Plans Historic First Landing On Far Side Of The Moon

China’s space agency has announced plans to become the first to land on the far side of the moon, which is always hidden from us – a tricky task given that it is not possible to communicate directly with Earth from there. But if successful, the mission could shed light on many things we don’t know about the moon, such as what is going on deep beneath its thick crust.

Webmaster's Commentary: 

When US was at the top of the space business in the mid and late sixties of last century, China was considered a peasants country with minimum industrial base...Now China is proving to the world few centuries later that it's at the top of this game...

Jan 20 07:57

The U.S. Is At The Center Of The Global Economic Meltdown

By Brandon Smith

While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the past, the masses were so ill informed by the mainstream media during the Great Depression that most people had no idea they were actually in the midst of an “official” depression until years after it began. The chorus of economic journalists of the day made sure to argue consistently that recovery was “right around the corner.” Our current depression has been no different, but something is about to change...

Jan 19 23:29

Offensive propaganda or new propaganda offensives?

Obama administration announced new online initiatives to bolster its foreign policy narratives and as a means to counter others, for example, this network, RT.

Maybe a better course of action would be for the US State Department to ask itself why fewer and fewer people trust and believe it?

CrossTalking with Mark Sleboda, Don DeBar and James Carden.

Also see: Uncle Sam Got a Shiny New Propaganda Bullhorn for Christmas

Jan 19 23:25

Russian Red Scare No Longer Works

The EU has no-one else to blame for its present stresses and strains but itself, owing to its craven subservience to Washington's reckless policies.

The American and British governments are launching yet another media campaign to demonize Russia, with tall claims that the Kremlin is infiltrating European political parties and news media. The dastardly Russian aim, we are told, is to destroy the European Union.

Twenty-five years after the end of the Cold War and the dissolution of the Soviet Union, Washington and its trusty sidekick in London are desperately seeking to turn back the clock to the “good old days” when they could control their public through scare stories.

Jan 19 11:44

China holds sweeping military drills across the country

Thousands of soldiers from the Chinese People's Liberation Army (PLA) maneuvered across seven provinces with various types of combat equipment to conduct winter training.

Jan 19 08:42

China’s Chief "Stock" Regulator Quits

Jan 18 19:38

Interview: Arab-China ties "ideal", Xi's visit to Arab League "very important event": AL chief

"China has recently issued its first official paper on its policy with Arab states, reiterating "traditional friendship" with Arabs and vowing to enrich and deepen all-round, multi-layer, wide-ranging cooperation with the Arab world.
"I have read the paper with great admiration. I have to tell you that we circulated it among all the Arab countries. They all have read it and have seen the commitment of the Chinese side to increasing the level of cooperation and assistance to the Arab world," Araby told Xinhua.

Chinese president's Iran visit extraordinary event for bilateral ties: Chinese envoy
The belt and road initiative.....Iran was an ancient civilization along the ancient Silk Road, and is now China's key partner to promote the initiative, Pang said, adding that a number of key joint projects have been progressing steadily.

Jan 18 19:22

China economic growth slowest in 25 years

China's economy grew by 6.9% in 2015, compared with 7.3% a year earlier, marking its slowest growth in a quarter of a century.

Annual growth in the world's second-largest economy was in line with global expectations.

Jan 18 19:15

U.S. Justice Department declares a "national security emergency": corporate espionage perpetrated by the Chinese government against U.S. companies, massive in scope, has resulted in losses of "hundreds of billions of dollars ... and more than two million

If spying is the world's second oldest profession, the government of China has given it a new, modern-day twist, enlisting an army of spies not to steal military secrets but the trade secrets and intellectual property of American companies. It's being called "the great brain robbery of America."

Jan 18 15:09

US drive to war with China dominates Philippine presidential election campaigns

On January 10, the election season for the presidential election to be held on May 9 officially opened in the Philippines. At the center of all of the campaigns—characterized by corruption scandals and threats of electoral disqualification—is the threat of war with China.

Jan 18 12:53

China’s top market regulator may be resigning

The head of China’s top market regulatory agency, the China Securities Regulatory Commission (CSRC), has offered to step down, Reuters reports, citing market and political sources. Xiao Gang, 57, tendered his resignation last week, but it’s not clear whether it has been accepted, according to Reuters.

Jan 18 08:42

"China Banks Seem To Be Doing Whatever They Can To Avoid Paying Anyone In Dollars"

Chinese investors that have secured all necessary approvals to invest in American companies are not being allowed to actually make that investment. I mentioned this to a China attorney friend who says he has been hearing the same thing. Never heard this one until this month.

Jan 18 08:38

Paul Vernon, Cryptsy’s CEO, Seems To Have Flown To China

Bitcoin News Channel has just managed to dig up exclusive news regarding Cryptsy, the cryptocurrency exchange whose customers are currently unable to withdraw their coins out of its platform. Paul Vernon, the CEO of Cryptsy, seems to have just flown to Liaoning, China, according to an IP and geolocation report that has just been sent to Bitcoin News Channel BNC an hour ago.

Jan 17 18:21

Hang Seng drops 200 at open

Jan 17 11:49

This land is our land: American democracy, at a theater near you

Democracy has been projected on to a fictitious screen of good guy and bad guys. The people watch as impotent spectators, no longer even aware of the real story out there.

Ever since armed white ranchers took over federal property in Oregon the unfolding drama has resembled a parody of a Hollywood Western. Trouble is, no-one is quite sure who’s wearing the white hats as opposed to the black ones.

Jan 17 08:10

Banks give back China investment quotas as clients bypass the middlemen

***
While China's move to open up its capital markets and allow its currency to trade more freely has created opportunities for global banks, these developments are also threatening to kill off niches where they have acted as middlemen to give previously excluded foreign investors backdoor access to the mainland.

Several banks, including Barclays, Commerzbank , Norway's SEB and the Netherlands' ING , handed back just over $800 million in quota granted by Chinese authorities under the Qualified Foreign Institutional Investor (QFII) scheme between April and September 2015, public data shows.
***
The move does not reflect a waning appetite for investment in China, however, despite its slowing economy; overall quotas for QFII have quadrupled to about $81 billion since 2010.

Jan 15 10:16

China will not fight in Syria

The Washington Times recently reported that China could join Russia in its fight against ISIS in Syria. According to the news outlet, Beijing is very concerned about the growing number of militants of Chinese-origin that have joined the Islamic State. “The real question is – whose side will they be on,” one defense official familiar with the internal discussion of the Chinese role in the fight against ISIS told the newspaper. However, Russian military experts believe China's participation is unlikely. They note that China has enormous interests in Syria, in which Beijing has invested tens of billions of dollars. Additionally, China is very interested in maintaining good relations with Iran, Russia's partner in the coalition against ISIS. However, the Chinese also have close economic ties with a number of other regional players such as Saudi Arabia and Qatar. All of this likely will make China proceed with caution.

Jan 15 09:28

More Islamic State Terrorism in Jakarta, Indonesia? Who is Pulling the Strings?

And why? Where does Indonesia fit into the “Islamic State in Iraq and Syria?” According to the West’s official narrative, Indonesia doesn’t fit in at all except in the most abstract, ideological way imaginable.

But if you understand that:

1. The US and its allies created ISIS on purpose to fight its proxy wars in the Middle East, North Africa, Central, East, and Southeast Asia for it;

2. The US is NOT fighting ISIS by any means, and is only using the organization’s existence in Syria and beyond to justify extraterritorial military aggression and meddling across the globe;

3. Indonesia has been defying US pressure to join Washington’s proxy conflict with China in the South China Sea and;

4. Indonesia has been fostering closer economic and military ties instead with China itself …

…then ISIS attacking Indonesia’s capital of Jakarta makes perfect sense.

Webmaster's Commentary: 

ISIS is the Frankenstein monster, created by a US foreign policy, which is wielded like a club against any country which would dare to take steps to distance itself from American hegemony.

Jan 15 09:15

Philippines urges patrols with U.S. amid sea dispute with China

The Philippines has asked the United States to hold joint naval patrols, a defense ministry spokesman said on Thursday, amid a territorial dispute with China in the South China Sea.

Foreign and defense ministers from the United States and the Philippines met in Washington this week for the second time in more than three years to discuss trade and security, focusing on the South China Sea.

"We are suggesting that we also patrol the area together," Peter Paul Galvez told reporters in Manila. "There is a need for a more collaborative presence in the South China Sea."

U.S. Navy Secretary Ray Mabus underscored the importance of the U.S.-Philippine relationship, but declined to comment on the Philippine request for joint patrols.

A Pentagon spokesman, Commander Bill Urban, said the United States engaged "in numerous joint defense activities" year round with its ally, including exercises, capacity building, training, and intelligence sharing.

Webmaster's Commentary: 

These joint patrols would be a poke in the eye to China; and there is only so far it can be provoked without the government believing that it has to respond, perhaps militarily.

Unfortunately, just because a tactic is potentially the most ham-fistedly, pig-headedly stupid thing the US government can do, is absolutely no guarantee that it will not do it.

Apparently, with a stock market in flux, and the economy collapsing ( the Dow Jones average is below 400 as I type this), the Administration is looking for a war, any war, with which to deflect the anger of Americans about the horrific economic mismanagement, courtesy of the Fed, which has led to this horrendous moment in the US economy.

When Wall Mart is closing 154 stores in the US (as was announced today), you know that the financial excrement is about to hit the ventilation system, and in an industrial-strength way.

Jan 15 08:58

Can China and Russia Challenge the Dominance of the U.S. Navy?

The reduction in the budget of the USA means that, when faced with a challenge, the U.S. Navy will not be able to solve problems based on the purchase of weapons. With regard to the development of the Chinese Navy, the American military party naturally focused on the simultaneous leap in quantity and quality in recent years. With regard to quantitative indicators, in accordance with the data of the "Report on security strategy for the Maritime areas of the Asia-Pacific region", in 2015 the total number of Chinese warships had increased to 303. According to the American military, the number of Chinese warships does not only exceeded this figure in all other Asian countries, but they surpassed the American naval forces on the same day, when the U.S. Navy unveiled the latest report, "Associated Press" quoted a military source that said currently they have 272 warships, so the U.S are already behind China...

Jan 15 08:35

Chinese spacecraft Chang'e-4 to be the first to fly to far side of the Moon

Chinese scientists have officially started preparations for a new stage in the development of the Moon, representatives of the state management of defense, science, technology and industry of the People's Republic of China said. Reportedly, the Chang'e-4 spacecraft is to land on the far side of the moon in 2018. According to Xinhua, the far side of the Moon that is not visible from Earth due to forces of gravitation has never been explored. The Chang'e-4 mission will be the first mission to the far side of the Moon in the history of mankind. Chinese officials added that China was proud to demonstrate a high degree of scientific knowledge and technologies needed for the project.

Jan 15 08:18

China will support UN SC resolution on North Korea’s nuclear test — foreign ministry

"China will support UN Security Council’s response to North Korea’s latest nuclear tests," Hong said. "The resolution should focus on denuclearizing the Korean Peninsula, countering the expansion of nuclear weapons and ensuring peace and stability in North-East Asia," the spokesperson said.

Jan 15 08:13

A Towering Chinese Debt Mountain Looms Over Markets

Lost in all the Chinese stock and currency market gyrations, policy missteps and mixed data is this economic reality: The government is constrained by a credit bubble that has ballooned to $28 trillion in an economy growing at its slowest pace in 25 years.

Policy zig-zags have left investors divided over how wedded President Xi Jinping and Premier Li Keqiang are to financial sector reform and shifting their $10 trillion-plus economy from one powered by investment and exports to one more focused on consumption and services.

China has appeared to backtrack on pledges to make its management of the yuan more market driven and there’s uncertainty over the government’s willingness to remove stock price supports imposed during a $5 trillion sell-off last summer. Amid the confusion, the benchmark CSI 300 Index, down 14 percent in 2016, has revisited the lows of last year’s rout and pressure on the currency continues.

Jan 13 18:43

Hang Seng Index opens down 400

Jan 13 14:06

Military Minds: China's People Carrying Drone Disturbs US Media

Soon after Chinese drone-maker Ehang Inc unveiled the world’s first passenger drone, there is debate in US media about whether Beijing will use it for carrying soldiers into battle, especially as Washington still lacks the technology to do so...

Jan 13 11:51

Japan Threatens East China Sea Stability, Plans to “Drive away Chinese Naval Ships”

Japan plans to use Self-Defense Force units to drive away “Chinese naval ships” from waters near the disputed Diaoyu Islands, a move that experts say will break the currently controlled status-quo and may lead to escalated tensions or even open confrontation in the East China Sea.

Analysts have also said that Japan may want to play up East China Sea tensions to suppress the domestic opposition before its controversial security bill comes into effect in March.

Responding to Japan’s warning, China’s foreign ministry spokesperson Hong Lei said Tuesday that China’s resolve in upholding territorial sovereignty is unswerving when it comes to the Diaoyu Islands but urged Japan to exercise restraint.

“An escalation of tensions in the East China Sea is the last thing we want to see. We are willing to properly manage and settle the relevant issue through dialogue and consultations,” Hong said.

Webmaster's Commentary: 

I would really like to hope that cooler heads in Japan's Abe government will prevail.

Yes, I understand that there is a defense treaty between the US government and that of Japan; unfortunately, however, the US military cannot guarantee a positive outcome to a conventional war against China, because it does not have the troop strength, the manufacturing, or the money to insure such an outcome.

I hope the Japanese leadership thinks about this very seriously before they embark on such a tactic.

Jan 13 11:24

Pentagon Cheers as Philippines High Court Approves US Deployments

Pentagon officials are touting a great victory today as the Philippines Supreme Court voted 10-4 to approve a deal that will allow the return of US troops and weapons to military bases inside the Philippines. This ruling was related to a 2014 deal on the return of US forces, which had been challenged in court.

The agreement was related to territorial disputes between the Philippines and China in the South China Sea, with the Philippine government hoping to use US military forces to enforce their claim. Already, Philippines military officials are calling for US deployments to the contested islands, citing “flashing flights” from China as a military challenge.

Webmaster's Commentary: 

Yet another poke in the eye to China, I see.

Jan 12 12:57

CHINESE (AND OTHER) BILLIONAIRES "MISSING"

Jan 12 10:17

The China Syndrome: The Coming Global Financial Meltdown

once China's slowdown starts impacting the American economy, the mainstream financial media trundles out the usual pundit suspects to declare that the U.S. and Chinese economies are decoupled, so a meltdown in China will have little impact on America--and vice versa.

The rationalizations for this decoupling are many--and specious. Exports are actually only 10% of China's economy, we're assured, so any slowdown in China will be modest and of little relevance to the U.S. economy.

Various experts also assure us that China's vast stash of foreign reserves and U.S. Treasuries will enable it to quickly smooth over any spot of bother in its currency (RMB/yuan) resulting from capital flight out of China.

None of these rationalizations change the fact that China is integral to the global financial markets, and so its slowdown and capital flight are toppling carry trade and other risk-off financial dominoes.

Jan 12 08:51

Should China Be Blamed for the Market Collapse? Michael Rivero - January 11, 2016

Jan 11 18:53

China Unveils World’s First Autonomous Passenger Drone

By Activist Post

China has become fully involved in the global drone arms race kicked off by the United States. While much of the race has so far been focused on keeping up with the latest high-tech war drones, as well as counter-drone technology, there is a commercial aspect as well … and China seems poised to take the lead in this area...

Jan 11 10:20

Fear of Wounded Pride Drives Our China Policy

Right-wing mass media, for instance, Fox and its publications, has demonstrably affected public opinion. Progressive sentiment is frozen out, but sometimes it does find its way into centrist or once conservative media. An example is the once conservative, now more centrist, New York Daily News featuring front page after front page attacking gun advocates. In that setting progressive media is probably capable of having its greatest impact.

Jan 11 07:46

China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper

"Growth" meet "mal-investment boom-bust" In a perfect example of the smoke-and-mirror-ness of China's credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, "having been left unused for too long."

Jan 10 13:35

CHINESE MEGADRONE UNVEILED IN LAS VEGAS

Jan 10 11:14

China Has a Crazy Number of Ghost Cities

Jan 10 10:44

Chinese Naval Power

Jan 10 09:55

U.S. Flies B-52 Bomber Over South Korea In Show Of Force Against North Korea

The United States deployed a B-52 bomber on a low-level flight over its ally South Korea on Sunday, a show of force following North Korea's nuclear test last week.
North Korean leader Kim Jong Un maintained that Wednesday's test was of a hydrogen bomb and said it was a self-defensive step against a U.S. threat of nuclear war.
North Korea's fourth nuclear test angered both China, its main ally, and the United States, although the U.S. government and weapons experts doubt the North's claim that the device was a hydrogen bomb.
The massive B-52, based in Guam and capable of carrying nuclear weapons, could be seen in a low flight over Osan Air Base at around noon (0300 GMT). It was flanked by two fighter planes, a U.S. F-16 and a South Korean F-15, before returning to Guam, the U.S. military said in a statement.

Webmaster's Commentary: 

This flyover was not only a message to North Korea; it was also, primarily, a message to China to yank North Korea's leash over this kind of activity.

Jan 10 09:27

Amid Stock Market Panic, Dozens of Chinese Billionaires Are Mysteriously Disappearing

By John Vibes

Amid stock market panic in China, many of the country’s most prominent billionaires are disappearing without a trace. This week, Zhou Chengjian, the chairman of the clothing company Metersbonwe became the most recent wealthy Chinese businessperson to go missing. Metersbonwe said in a statement on Thursday that it would be suspending its shares on the Shenzhen Stock Exchange and that they were unaware of Chengjian’s whereabouts.

According to Bloomberg, as many as 36 companies reported executives missing from January to September...

Jan 10 09:08

China Building Its First Aircraft Carrier Using Soviet Plans

China will construct the vessel according to the Soviet blueprint the Chinese navy obtained when it bought its Liaoning aircraft carrier from Ukraine's Black Sea Shipyard in 1998. Construction began on the Kuznetsov-class carrier for the Soviet fleet in 1985; it was first called the Riga, then the Varyag, and was launched to sea in 1988. In 1992, the cash-strapped Ukrainian government decided to sell the ship when it was two-thirds built; the unfinished vessel was eventually bought by China in 1998 for more than $20 million, or $25 million according to some reports. For comparison’s sake, the USS Harry S. Truman, which was commissioned in 1998, cost $4.5 billion, or 225x that amount. As part of the deal, the Chinese navy also received 40 tons of Soviet blueprints for the carrier's construction.

Jan 09 17:29

China Goes Full Keynesian-tard: Demolishes Never-Used Just-Built Skyscraper

"Growth" meet "mal-investment boom-bust" In a perfect example of the smoke-and-mirror-ness of China's credit-fueled expansion, a 27-storey high-rise building which was completed on November 15th 2015 was just demolished, "having been left unused for too long."

Jan 09 10:10

46 Months Of Accelerating Deflation Mean Beijing Is Now Trapped

It may be Saturday, but there is no rest for the onslaught of negative data from China, which overnight reported the latest, December, consumer and producer price inflation numbers, with the former printing at 1.6% Y/Y, matching consensus estimates, and a tiny increase from the 1.5% in November: the modest pick up was due to one-time items, primarily vegetable prices. For all of 2015, CPI rose 1.4%, down from 2.0% in 2014, and the slowest annual increase since 2009 and well below Beijing's goal of keeping last year's inflation below 3%.

Jan 08 17:02

RAF jets may head for Japan as UK seeks Asia influence

It seems there is conflicted governance in the bankrupt little island called England. The Empire wants the UK in the China Sea aggravating China while at the same time the Banksters of London want to get their blood funnel into the money pool of the Asian Infrastructure Investment Bank (AIIB).
So while "Defense" is threatening China the Banksters will be here.

Chinese top leaders to attend AIIB opening activities

Jan 08 13:57

Another 19 tonnes for China in December

Jan 08 09:30

U.S. Prods China on North Korea, Saying Soft Approach Has Failed

In a striking public rebuke of China, Secretary of State John Kerry warned Beijing on Thursday that its effort to rein in North Korea had been a failure and that something had to change in its handling of the isolated country it has supported for the past six decades.

“China had a particular approach that it wanted to make, and we agreed and respected to give them space to be able to implement that,” Mr. Kerry said a day after North Korea’s latest nuclear test, after a phone call with his Chinese counterpart, Wang Yi. “Today in my conversation with the Chinese I made it clear: That has not worked, and we cannot continue business as usual.”

Webmaster's Commentary: 

Translation: The White House is desperate for a bloody war on which to blame the coming economic crash and doesn't care who that war is with any more!

Jan 08 04:22

The logic behind escalating tensions in the Middle East

The escalating tension between Saudi Arabia and Iran is the story of a declining state desperately seeking to reverse the balance of power shifting in favor of its rising rival.

Jan 07 18:20

CHINA PREPS FOR SPACE WARFARE

Jan 07 13:48

Recent Big Moves In CNY (RMB)

Jan 07 12:15

China lands more planes on its man-made island in the disputed South China Sea, sparking fears it will impose an 'air defence zone' over the area

China drew further condemnation today after landing two civilian planes on an artificial island in the disputed South China Sea.

The test flights touched down yesterday on the Fiery Cross Reef in the Spratly Islands chain four days after its first landing on the 3km runway sparked an international outcry.

Jan 07 09:56

Another Chinese Billionaire is Missing

Jan 06 13:54

Chinese President to Visit Iran in Coming Weeks

Chinese President Xi Jinping is slated to visit Iran at the head of a senior politico-economic delegation in late January. President Jinping's visit will take place on January 23 and at the invitation of the Iranian government.

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