Mar 23 04:55

The shocking moment a cargo plane crashed in flames at Tokyo's international airport

The accident happened as the Federal Express plane arrived at Narita international airport, near Tokyo, from Guangzhou in China.
Japan's public broadcaster NHK showed dramatic footage of the plane bouncing as it landed on the runway, then bursting into flames.

Mar 21 15:44

US warships head for South China Sea after standoff

A potential conflict was brewing last night in the South China Sea after President Obama dispatched heavily armed American destroyers to the scene of a naval standoff between the US and China at the weekend.

Mr Obama’s decision to send an armed escort for US surveillance ships in the area follows the aggressive and co-ordinated manoeuvres of five Chinese boats on Sunday. They harassed and nearly collided with an unarmed American vessel.

Washington accused the Chinese ships of moving directly in front of the US Navy surveillance ship Impeccable, forcing its crew to take emergency action, and to deploy a high-pressure water hose to deter the Chinese ships. Formal protests were lodged with Beijing after the incident.

Mar 20 04:50

Rapid Declines in Manufacturing Spread Global Anxiety - Total Collapse

The New York Times World Business Nelson D. Schwartz Manufacturing has fallen off the cliff, and it’s certainly the biggest decline since the Second World War,” said Dirk Schumacher, senior European economist with Goldman Sachs in Frankfurt.

The pattern of manufacturing and trade ominously recalls how the financial crisis of 1929 grew into the Great Depression: tightening credit and consumer fear reduced demand for manufactured goods in one country after another, creating a downward spiral that reduced global trade.

Mar 15 20:00

Beijing raises stakes with tit-for-tat deployment in South China Sea

Beijing has increased tension in a disputed part of the South China Sea by sending a patrol ship to protect fishing boats after the United States deployed a destroyer in the area. The American move was in response to alleged Chinese harassment of one of its surveillance vessels.

Mar 13 14:38

Destroyer to Protect Ship Near China

Mar 13 10:44

China 'worried' about US Treasury holdings

China's premier didn't say it in so many words, but the implied warning to Washington was blunt: Don't devalue the dollar through reckless spending.

Webmaster's Commentary: 

... like that AIG and GM thing ...

Mar 13 10:41

China Finally Diversifying Out of the Dollar?

Everyone knows that China has $2 trillion in foreign reserves. Two-thirds of those reserves are said to be denominated in dollars.

But - after years of speculation - there are increasing signs that China is diversifying out of the dollar.

Webmaster's Commentary: 

Is this why the US is trying to provoker China; as a warning that the US is willing to attack China if China dumps the dollar?

Mar 10 12:56

Analysis: so much more than a naval water fight

No shots were fired, no one was injured, and the most potent weapon employed was a water hose. By the standards of modern war, Sunday's encounter between a US surveillance vessel and a group of Chinese naval ships, was a drop in the ocean — but 48 hours later the ripples were still spreading.

Webmaster's Commentary: 

Was the US hoping for a new USS Pueblo incident?

Mar 10 05:19

China Reports Falling Prices

The New York Times KEITH BRADSHER March 10, 2009 HONG KONG — Most economists still do not expect the Chinese economy to suffer a broad decline in prices this year, but statistics released on Tuesday did provide disturbing whiffs of possible deflation.

Consumer prices were 1.6 percent lower last month than a year earlier, the first decline since December, 2002, the National Bureau of Statistics announced in Beijing. February’s result represented a precipitous drop from an inflation rate of 8.7 percent in February of last year, when rising prices were a top priority for the Chinese government.

Mar 02 08:25

Chinese coin counterfeiter legal in China

Isn’t he worried that the Secret Service or some other U.S. government agency will come after him for making counterfeit U.S. coins? After all, the coins struck by the U.S. Mint, regardless of date, are all still legal tender, and thus subject to U.S. coin counterfeiting laws. It is illegal for him to sell these coins in the United States, even via eBay.

Jinghuashei responds by claiming that he is operating within the confines of the Hobby Protection Act, a U.S. law that requires all nongenuine numismatic items produced after 1973 to be permanently and conspicuously counterstamped with the word COPY. When informed that his eBay auctions are not in compliance with this law, because he is using a punch that says REPLICA, he seems unconcerned.

Webmaster's Commentary: 

The situation is worse for collectors of ancient coins. There are no laws to prevent crooks from creating fake ancient Roman and Greek coins for sale to collectors. Oddly enough, however, certain historically important known fakes have become more valuable than the originals.

Mar 01 14:53

Recent history: US to China tech/intel transfers to continue?

US, China Agree to Joint Military Exercises
By Al Pessin, 16 July 2008
Admiral Timothy Keating says the understanding was reached during a dinner he hosted in Washington for the commander of China's Guangzhou Military Region, General Zhang Qinsheng.
Part 4 by Sherman H. Skolnick 11/13/02
Did Bush Sell A Top Secret Spy Plane To China?
Aries II down: Another technology transfer to China
By Al Martin
April 5, 2001—In the continuing effort to make China the bogeyman of the 21st century, Washington has scored yet another coup–the loss of the EP-3E Aries II surveillance aircraft.

Mar 01 14:42

After Clinton's visit, US/China military sharing re-newed

Updated Sunday, March 1, 2009 1:11 am TWN, By Marianne Barriaux, AFP
China, U.S. to resume high-level military ties
BEIJING -- China and the United States agreed to resume high-level military exchanges during talks here that a senior U.S. defense official described Saturday as his best ever.
US admiral's visit to boost ties
By Cao Desheng (China Daily)
Updated: 2008-01-14 06:54
US Pacific Command Commander-In-Chief Timothy Keating Sunday started his second visit to China in less than a year - a trip Chinese observers say would help strengthen military ties between the two countries.

Feb 28 13:39

US Gives China Eminent Domain Over US Property

US Gives China Eminent
Domain Over US Property
Beyond High Treason
A. True Ott, PhD, ND

"BEIJING, China -- Sources at the United States Embassy in Beijing China have just CONFIRMED that the United States of America has tendered to China a written agreement which grants to the People's Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China's continued purchase of US Treasury Notes and existing US Currency reserves.

The written agreement was brought to Beijing by Secretary of State Hillary Clinton and was formalized and agreed-to during her recent trip to China."

Feb 24 15:05

Superficial calm follows rioting over lack of aid for Sichuan earthquake victims

Feb 24 08:39

China bars foreigners from Tibet

Foreign tourists planning to visit Tibet have been told by travel agencies that the region has been closed to outsiders until the end of March.

The month marks the 50th anniversary of the escape into exile of the Tibetan spiritual leader, the Dalai Lama.

In March last year, Tibet witnessed a wave of violent anti-China protests - the worst unrest there for 20 years.

Webmaster's Commentary: 

Maybe the Tibetans don't like living under occupation any more than the Palestinians.

Feb 23 17:42

Obama Sells US To China Inc

Obama Sells US To China Inc
By Cliff Kincaid
AIM Column

With Hillary Clinton having signaled to the Chinese dictators that we will beg for their money and ignore unfair trade practices and even human rights violations, it will be left up to President Obama to seal the deal.

The truth is starting to seep out. Because of the need for more money to finance the latest bailout-the Obama economic stimulus plan-America is going further in debt to the Chinese Communists. Our country is officially being sold to the highest bidder. And we have striking confirmation of this fact from Secretary of State Hillary Clinton.

Feb 23 09:21

Russia defends sinking cargo ship

Russia has expressed its regret over the deaths of eight Chinese and Indonesian sailors whose ship was fired on by Russian forces.

But Moscow blamed last week's incident squarely on the ship's captain.

Feb 22 12:05

Clinton wraps Asia trip by asking China to buy US debt

"Because our economies are so intertwined the Chinese know that in order to start exporting again to its biggest market, the United States had to take some very drastic measures with this stimulus package," Clinton said.

Clinton added: "The US needs the investment in Treasury bonds to shore up its economy to continue to buy Chinese products."

Webmaster's Commentary: 

I think the word "asked" in the headline should probably been replaced by the word "begged". And it is apparent that Clinton didn't really get an answer to that for the Chinese leaders with whom she met.

Feb 19 15:08

Eight feared dead after Russia sinks Chinese cargo ship

Eight crew were feared dead after Russian Coast Guard vessels fired on a Chinese ship that was fleeing port after a dispute over a rice cargo, Chinese and Russian sources said Thursday.

Feb 13 07:34

World Bank gives China $710 million for rebuilding Sichuan

The magnitude 7.9 quake cantered on Sichuan province was China's worst in a generation, leaving almost 90,000 people dead or missing and another 5 million homeless. China suffered USD123 billion in direct economic losses.

Feb 09 17:08

Washington Post: The Chinese stole the design secrets to all -- repeat, all -- U.S. nuclear weapons.

I can make a very good guess as to helped them to our nuclear secrets.

Feb 09 11:04

Witness: Top of Beijing luxury hotel 'exploding'

A massive fire engulfed a newly constructed, unoccupied luxury hotel in central Beijing on Monday night as crowds watched a nearby fireworks display to celebrate the end of Lunar New Year.

Webmaster's Commentary: 


Any minute that sucker will collapse just like WTC-7.

Any minute.

Any minute now.


Any minute now.

Gonna come right down.


Let's go get a beer or something.

Feb 04 08:25

China to count Abortions as Carbon off-set Credits. EU and UN Approve Applaud

Feb 04 08:03

Chinese earthquake may have been man-made, say scientists

The 511ft-high Zipingpu dam holds 315 million tonnes of water and lies just 550 yards from the fault line, and three miles from the epicentre, of the Sichuan earthquake.

Now scientists in China and the United States believe the weight of water, and the effect of it penetrating into the rock, could have affected the pressure on the fault line underneath, possibly unleashing a chain of ruptures that led to the quake.

Jan 29 09:28

Commentary: Will Obama see sense about nuclear threat?

THE possibility that, in an Obama administration, science will drive rational public policy provides an unprecedented opportunity to deal with a gnawing yet persistently neglected threat to the world: nuclear weapons.

No government is likely to declare how many strategic nuclear warheads it has, but the US and Russia are thought to possess at least 5000 apiece. The 2002 Strategic Offensive Reductions Treaty required each nation to have no more than 2200 "operationally deployed" strategic warheads by 2012, yet this represents no real progress towards disarmament, as the target number is essentially identical to that proposed at the 1997 summit on nuclear arms reduction between Bill Clinton and Boris Yeltsin in Helsinki, Finland.

Jan 25 13:15

China dams reveal flaws in climate-change weapon

The hydroelectric dam, a low wall of concrete slicing across an old farming valley, is supposed to help a power company in distant Germany contribute to saving the climate — while putting lucrative "carbon credits" into the pockets of Chinese developers.

Jan 25 12:09

China fears riots will spread as boom goes sour

Today millions will leave the cities to return to their rural family homes for the new year celebrations. But this year Beijing hopes the newly jobless revellers will stay there - to prevent a fresh wave of unrest in the cities

Jan 22 08:26

Chinese milk scam duo face death

Two men have been given the death penalty for their involvement in China's contaminated milk scandal.

Webmaster's Commentary: 

I think we need that kind of consumer protection here in the US!

Jan 17 04:00

China becomes third largest economy

China overtook Germany to become the world’s third-largest economy in 2007 after the Chinese authorities revised upwards the figures for growth during that year.

Jan 15 19:49

FLASHBACK - U.S. Arms Sales to Israel End Up In China, Iraq

From the most sophisticated warplanes to tank engines, artillery systems and armored vehicles, the United States is Israel's one-stop shopping center. Last year alone the U.S. sold one hundred top-of-the-line F-16s to Israel for a total of over $3 billion. That same year Israel purchased 9 of the newest Apache helicopter version equipped with the Longbow Radar system. The helicopter-buying spree didn't end with the Apaches. Israel bought fifteen Cobra attack helicopters last year along with twenty-four Black Hawk transport helicopters.


Webmaster's Commentary: 

With friends like these ...

Jan 14 12:19

Report: Iran signs oil deal with China

Iran's official news agency says the country has signed a $1.76 billion deal with China to develop the North Azadegan oil field in southwestern Iran near the Iraq border.

Webmaster's Commentary: 

So, an attack on Iran means war with China.

Jan 08 08:38

China doesn't want our debt either

The American economic boom couldn't have happened without China's willingness to buy up American debt. While the American economy has hit a road bump (or maybe a pothole), China has been able to avoid the same market turmoil. Until now. With a downturn in its own economy, China isn't interested in acquiring any more American debt and that is having a profound impact on our ability to borrow.

Jan 06 22:29

Yuan-settlement test to start

CHINA'S central bank said yesterday that it plans to implement a pilot program that would settle overseas trade with the Chinese currency instead of the US dollar.

Those moves are expected to facilitate overseas trade, as Chinese exporters might face losses if they continue to be paid in US dollars, analysts said.

Jan 04 08:48

Rising desperation as China's exports drop

At the docks here, the stacks of shipping containers that used to loom above the highway overpass are gone. Logistics managers say they negotiate deeper discounts every week on ships that are leaving half empty.

In nearby Guangdong Province, so many factories are closing without paying employees that some workers are resigning pre-emptively and demanding immediate pay before their employers go bankrupt.

Webmaster's Commentary: 

The whole world is a victim of the Ponzi scheme known as the federal Reserve.

Jan 04 08:21

China employs army of piece-rate ‘netizens’ for online thought control

Members of the 50 Cents Party are an acknowledged cyberpolice force: they serve as the eyes and ears of the Communist Party, act as its attack dog against “unacceptable” online content on politically sensitive issues, and steer bulletin board and blog debates with posts that reflect the opinions of the Communist Party, the report said.

Webmaster's Commentary: 

Gee, I wonder who they got that idea from!

Dec 29 09:28

China calls for immediate halt to Gaza attacks

Dec 27 08:28

Thousands evacuated after quakes hit SW China

Three earthquakes jolted China's southwestern provinces on Friday, injuring 19 people and forcing the evacuation of tens of thousands more, state media said, citing local authorities.

Dec 23 08:58

China to crack down severely on pyramid sales, illegal banks

China plans to crack down on pyramid schemes and illegal banking services more severely as the nation's senior legislators on Monday began to discuss a law draft targeting such scams.

Dec 21 09:20

All roads lead out of Afghanistan

It is hard to tell exactly what is going on, but Russia and Iran seem to be bracing for a countermove in the event of the Obama administration pressing ahead with the present US policy to isolate them or cut them out from their "near abroad".

Dec 21 07:37

“Be Nice to the Countries That Lend You Money”

Americans know that China has financed much of their nation’s public and private debt. During the presidential campaign, Barack Obama and John McCain generally agreed on the peril of borrowing so heavily from this one foreign source. For instance, in their final debate, McCain warned about the “$10 trillion debt we’re giving to our kids, a half a trillion dollars we owe China,” and Obama said, “Nothing is more important than us no longer borrowing $700billion or more from China and sending it to Saudi Arabia.” Their numbers on the debt differed, and both were way low.

Dec 20 14:39

U.S. debt approaches insolvency

In the United States, the danger of debt insolvency is growing, putting at risk the currency reserves of foreign countries, China chief among them.

Dec 17 09:55

China; Review the old and deducing the new makes a teacher

The remedies proposed by Governments the world over are not working as every real economic indicator confirms. The eternal corrupting influence of Money on Government policies and planning have all but guaranteed that whatever methods are employed to redeem the economy from the whale’s mouth, they will be like drops of rain meeting a river. The one overwhelming factor that does not seem to be factored in to the equation is that to get oneself out of a financial mess one needs financial resources. Not the borrowed kind but the saved kind. This is where China holds an Ace.

Dec 16 10:08

Swiss watch found in 400-year-old tomb

Local experts say they are confused as they believe the tomb had been undisturbed since it was created during the Ming dynasty 400 years ago.

Webmaster's Commentary: 

I'm not confused. The site is obviously contaminated.

Unless the site has been tampered with, I would suggest that some burrowing animal found the watch-ring and took it into his burrow ... above the tomb.

Dec 14 08:58

China, Russia vow to step up military ties: report

Chinese President Hu Jintao has called for stronger military ties with Russia in talks with visiting Defence Minister Anatoly Serdyukov, state media reported.

"As the strategic partnership between China and Russia develops, the relationship between the two militaries has also continued to become more consolidated and stronger," Xinhua news agency quoted Hu as saying.

With next year's 60th anniversary of the establishment of bilateral relations approaching and economic relations between them at historic highs, the two nations should also advance ties in other areas, Hu said.

Webmaster's Commentary: 

Translation: "We better get ready, the US is dying and likely to start shooting in all directions in its final death throes!"

Dec 13 23:34

China arrests dozens after riot

POLICE in northern China have detained dozens of people who rioted because they were angry about the compensation paid for the death of a local man, Xinhua news agency said on Saturday.

Dec 11 07:35

Deflation Approaches for China

China looks like it will soon slip into deflation. But will it be the good kind or the bad kind?

Dec 11 07:22

China to Tax Virtual Worlds

Dec 04 12:19

Chinese wealth fund turns back on western banks

China Investment Corporation is to put the brakes on making investments in western banks until governments come up with coherent policies to cope with the global economic downturn.

Lou Jiwei, the chairman of the sovereign wealth fund, said today: "Right now, we do not have the courage to invest in financial institutions. We have to wait for the time when there won't be massive collapses of financial institutions."

China had lost confidence in many financial institutions, Lou said, because foreign governments seemed to be changing their policies "every week".

Dec 04 08:13

MAP OF THE PNAC PLAN (Large graphic; heavy download)

Dec 04 07:19

China Urges U.S. to Counter Crisis, Prepares for ‘Worst Case’

Chinese officials urged the U.S. to do everything possible to restore calm to financial markets and said they are preparing for a “worst-case scenario” as the global crisis deepens.

Dec 03 06:50

China to Shun West’s Finance Sector

The chairman of China’s sovereign wealth fund said on Wednesday that China had no plans for further investments in Western financial institutions, nor did it have any plans to “save” the world through economic policies.

Dec 02 07:52

China reveals 300,000 children were made ill by tainted milk

Nearly 300,000 children were made sick and six may have been killed by milk tainted with the toxic plastic melamine, Beijing has said in a major revision of numbers of those affected by China's worst recent health scare.

...but melamine in US baby formula is safe. Really.

Dec 01 08:48

China's currency falls by record against U.S. dollar

China's currency staged a record loss against the U.S. dollar Monday, falling to the lower end of its daily trading limit, in what some analysts said is a policy shift as authorities let the yuan depreciate against the greenback in an effort to help bolster the decelerating economy.

Nov 30 09:07

China official daily says don’t rule out Hindu radicals

The Chinese Communist party’s mouthpiece — the People’s Daily — has carried a news article, indicating involvement of Hindu radicals in the Mumbai Terror attacks. The article has based its argument on a “red thread” worn by the attackers on their wrists.

Nov 23 08:43

Buddha's sarira cranium believed to be in discovered pagoda

The pagoda is believed to contain a sarira of Sakyamuni Buddha, a bone section of Buddha's cranium.

Webmaster's Commentary: 

Dead-beat dad!

Nov 23 07:54

2 engineers sentenced for espionage

Two Silicon Valley engineers from China have been sentenced to prison for stealing chip designs and attempting to smuggle them back into their native country

Nov 21 07:37

China's hackers stealing US defence secrets, says congressional panel

Webmaster's Commentary: 

The servers used may be in China, but that does not mean the hackers are all Chinese.

PS This is what happens when you send all your IT work to India.

Nov 20 09:55

Chinese Automakers may buy GM and Chrysler

A take-over of a large overseas auto maker would fit perfectly into China’s plans. As reported before, China has realized that its export chances are slim without unfettered access to foreign technology. The brand cachet of Chinese cars abroad is, shall we say, challenged. The Chinese could easily export Made-in-China VWs, Toyotas, Buicks. If their joint venture partner would let them. The solution: Buy the joint venture partner. Especially, when he’s in deep trouble.

Webmaster's Commentary: 

If the US Congress allows such a deal to move forward, it would be a another example of China's "horizontalization" of its economy, as was the move of Hutchinson/Whampoa taking over the management of the Panama Canal some years ago.

And with China propping up so much of America's debt at this point, one has to wonder just how Congress could say no to this deal, were it to be consummated.

Nov 19 09:40

Chinese Automakers May Buy GM and Chrysler

Nov 19 09:26

China Passes Japan as Biggest U.S. Treasuries Holder

China surpassed Japan in September to become the biggest foreign holder of U.S. Treasuries, as foreign investors sought the relative safety of government debt as stocks plunged 9.1 percent that month.

Nov 18 09:15

China's Hu strikes deals in Cuba

President Hu Jintao of China is set to meet Cuban leader Raul Castro later in the day as part of his multi-stop tour of the US and Latin America.

The two nations are agreeing multiple deals on trade and loans as China bid to strengthen its links with Latin American and Caribbean nations.

Nov 17 09:29

US's road to recovery runs through Beijing

English author G K Chesterton rhymed about "the night we went to Bannockburn by way of Brighton Pier", and it may seem no less whimsical to argue that the United States' road to recovery, as well as Barack Obama's path to presidential greatness, run through China.

Nov 14 10:08

As factories close, Chinese workers suffer

Wang Denggui, father of three, arrived more than a year ago in the palm-lined streets of this southern Chinese town with a single goal: toil in a factory to save for his children's school tuition.

But the plans of Wang and thousands of co-workers unraveled at noon on Nov. 1, when the Taiwan chairman of their ailing shoe factory climbed over a factory wall to flee the country and his debts. That left several U.S. shoe companies with unfilled orders and 2,000 workers without jobs.

"He just ran without telling anyone," Wang said.

Nov 12 08:52

Iraq Signs $3.5 Billion Deal for China to Develop Oil Field

North Oil, an Iraqi-owned company, has signed a contract with a Chinese state-owned oil corporation, CNPC, that was first negotiated during Saddam Hussein’s government, an official in Iraq’s Oil Ministry said Tuesday.

Webmaster's Commentary: 

"But, but, but, that's OUR oil, dammit! Why do you think we invaded? Why do you think we killed Saddam? Yeah, Israel told us to, but we also did it to grab your damned oil, and now you guys are NOT COOPERATING!!!" -- Official White Horse Souse

Nov 10 09:01

China's stimulus package to be felt worldwide

China's announcement of a stimulus package that will pour more than half a trillion dollars into its economy will have repercussions far beyond its borders in a time of global crisis, economists say.

Nov 10 07:24

China announces $586 billion stimulus plan

China unveiled a $586 billion stimulus package Sunday in its biggest move to inoculate the world’s fourth-largest economy against the global financial crisis.

Nov 09 09:46

Hu, Obama discuss China-US relations: state media

Beijing and Washington should "accommodate each other's concerns," Chinese President Hu Jintao told US president-elect Barack Obama in a phonecall that stressed good Sino-US ties, state media said Sunday.

Nov 06 09:07

China - Instead of Decoupling - is Crashing, Further Hurting World Economy

Many people argued that China would "decouple" from Western economies, weather the financial crisis relatively unscathed, and thus help to give the world economy some stability.

Nov 04 08:17

Some owners deserting factories in China

Tao Shoulong burned his company's financial books. He then sold his private golf club memberships and disposed of his Mercedes S-600 sedan.

And then he was gone.

And just like that, China's biggest textile dye operation -- with four factories, a campus the size of 31 football fields, 4,000 workers and debts of at least $200 million -- was history.

Nov 01 12:46

Chinese news exposes the Rand Corporations plans to start World War III

Chinese news outlets are frantically discussing a recent meeting between the Rand Corporation and the Pentagon.

The Rockefeller - Ford/Carnegie Foundation controlled Rand Corp. suggests that a war with a major world power will revitalize the economy helping the current banking elite to maintain their control over America.

Nov 01 08:39

China And Russia Hint At Dropping US Dollar

Reports from the Russian media suggest that the country is on the verge of an agreement with China to renounce the US dollar and stop using it in international settlements.

“The recent meeting between Russian Prime Minister Vladimir Putin and his Chinese counterpart, Wen Jiabao, created a financial sensation,” reports RIA Novosti.

“Wen said that the two nations could withstand the global financial crisis if they joined forces; Putin urged him to go farther and stop using U.S. dollars in Russian-Chinese settlements.”

Oct 31 20:32

Watch out for bad Choco-coins

Pirate’s Gold Milk Chocolate Coins, made by Sherwood Brands, have just joined the ever-expanding list of recalled, made-in-China products containing the contaminant melamine.

Oct 29 08:59

Bailouts Continue; China Does It Differently

Alan Greenspan and Ben Bernanke will go down in history as two of the most incompetent Federal Reserve chairmen our country has ever had. Like Mr. Magoo, they blindly drove the stock market and then the real estate market into some of the biggest bubbles our world has ever seen.

Oct 28 14:27

USA Food Supply TAINTED? . . . . .Halloween Candy? Melamine + Toxins?

Oct 27 00:57

Meet the World's New Reserve Currency: The Chinese Yuan

By Mike Whitney

Oct 26 07:33

China gets a jump on US in space

While Western space experts may be divided over the exact purpose of the BX-1 mission, it is clear that China has every intention of driving its dynamic "dual use" space agenda as far as it will go. BX-1 could well be little more than a peaceful probe merely engaged in "close proximity" operations with cameras and transmission equipment aboard. Or it could be a prototype satellite attack dog, a space surveillance and Space Situational Awareness (SSA) platform with anti-satellite (ASAT) capabilities, all rolled into a single menacing platform ready to pounce.

Oct 24 12:31

U.S. has plundered world wealth with dollar: China paper

Oct 24 11:58

Taiwan Dumps Fannie, Freddie. And Uncle Sam?

Oct 24 08:57

Southern China to shed millions of jobs as economic crisis bites

At least 2.7 million factory workers in southern China could lose their jobs as the global economic crisis hits demand for electronics, toys and clothes, according to industry estimates.

Oct 22 07:47

China less likely to buffer world crisis as its economy slows

China's powerful economic machine is losing steam, raising significant concerns for many businesses that are counting on the Asian nation to help them ride out the global financial crisis.

Oct 21 10:50

US irked by China, Pakistan nuclear ties

The US says it has discussed NPT issues with China and Pakistan amid reports that Beijing is aiding Islamabad in building new nuclear reactors.

Oct 21 09:34

China Shipping's Traffic May Plunge as Exports Slow

China Shipping Container Lines Co. forecast traffic will decline for the first time in at least four years as the global economic slowdown and a stronger yuan curb demand for Chinese-made toys, electronics and clothing in North America and Europe.

Oct 16 09:40

House demands DOJ probe

At issue in the lawmakers' demands was the DEA's operation where 147 of 187 arriving passengers on a Shanghai Airlines flight were subjected to intensive body searches at the Saipan International Airport. Tour operators report that agents corralled the passengers-all Chinese-into a small room and searched even the most private parts of their bodies, in addition to checking every piece of luggage they carried.

Webmaster's Commentary: 

This obviously comes from the "You Can't Make This Stuff Up" Department of US Governmental Blunders"

One has to wonder whether the DEA was simply trying to create a nasty international incident, or if they were simply honing their skills on foreign nationals to use on each and every air passenger flying in the US.

Oct 11 08:26

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

According to a British Broadcasting Corporation (BBC) report, China denied reports that it would buy up to $200 billion worth of U.S. Treasury bonds to partially finance the Bush Administration’s $700 billion rescue package.

Webmaster's Commentary: 

Why would anyone buy t-bills when the rate of inflation exceeds the rate of return?

Oct 11 07:45

China stiffing America for $100 billion in debt

While Chinese companies are in line to benefit directly from U.S. taxpayers' $700 billion-plus bailout of Wall Street, Fannie Mae, Freddie Mac and other financial institutions, Beijing is stiffing the U.S. for $100 billion or more in unpaid debt.

The status of the Chinese economy, including its repudiated debt, has prompted one analyst to warn of an "ominous threat" involving China's finances and suggest the possibility of "a dramatic reversal" for the "so-called Chinese Miracle."

Oct 10 07:20


I received an email this morning from a reader in China. He cannot access my Blog any longer because it is on WordPress….

In his own words…. “The main reason why I suspect it’s not available in China is that all of is blocked here, almost certainly because that website hosts anti-China websites. China used to do that for geocities too, but recently I’ve noticed that I can get some geocities sites from here.”

Webmaster's Commentary: 

Anyone in China reading this, please let me know!

Oct 09 13:06

Bank of China buys into Rothschild bank

BEIJING: Bank of China Ltd. is buying a stake in French bank LCF Rothschild and says the two will develop private banking and asset-management services for China's newly rich.

China's fast-growing banking industry is eager to expand its foreign ties, and the latest deal announced late Thursday came despite industry turmoil following the failure of Wall Street house Lehman Brothers.

Oct 08 06:57

China state paper lashes US monetary policy

The "tsunami" in the US financial system was touched off by short-sighted monetary policy and lax regulation, a leading Chinese state ne
wspaper said on Wednesday. The front-page commentary in the overseas edition of the People's Daily is the latest in a stream of critical articles that have lashed US policy even as the Chinese central bank has said it endorses a Washington bailout plan.

Oct 07 12:54

Judge orders Chinese Muslims freed from Gitmo

WASHINGTON (CNN) -- A federal judge has ordered the immediate release into the United States of a group of 17 Chinese Muslims who have been held in the U.S. military facility at Guantanamo Bay, Cuba, for several years.

WHY NOT FREE THEM ALL? have any charges been filed? gheesh.

Oct 07 10:53

China cancels, postpones military exchanges with US: Pentagon

China has canceled or postponed several military exchanges with the United States in protest against a proposed 6.5 billion dollar arms sale to Taiwan, a Pentagon spokesman has said.

“The Chinese reaction is unfortunate and results in missed opportunities,” said Major Stuart Upton.

Upton said senior level visits and exchanges involving humanitarian assistance, and disaster relief issues that had been scheduled to take place before the end of November, were canceled or postponed.

Oct 07 06:32

China cuts military ties with the US

China has abruptly cancelled several military agreements with the United States in protest at a decision by the US to sell $6.5 billion (£3.7 billion) of arms to Taiwan.

Oct 05 09:49

China warns on U.S. arms package for Taiwan

Oct 04 07:21

The new masters of the universe?

"Can you save us? We're here to be rescued!"

That, in a nutshell, was the collective cry of a swarm of American (and European) bankers, auditors, consultants and industrialists that thronged the cavernous halls of the colossal convention centre in Tianjin at the weekend.

Oct 03 09:45

The Bailout is for China?!?!

Oct 02 09:16

China holds aces as US loses face

AMID chaos on Wall Street, the question looms — who wins? Increasingly, eyes are flickering towards China.

Oct 01 07:49

FLASHBACK - U.S. dollar facing imminent collapse? Fed in bind as Paulsen, Bernanke head to China

Even as the stock market is hitting new record highs almost every day, the Federal Reserve and Treasury Department are quietly coordinating a devaluation of the dollar that the Bush administration hopes will be a slow decline rather than a dollar collapse.

This week, in an unusual move, the Bush administration is sending virtually the entire economic "A-team" to visit China for a "strategic economic dialogue" in Beijing Dec. 14 and 15.

Sep 28 07:33

China's spacewalk astronauts return as heroes

Three Chinese astronauts landed safely back on earth on Sunday after a 68-hour voyage and space walk that showcased the country's technological mastery and were hailed as a major victory by its leaders.

Sep 26 02:04

China banks told to halt lending to US banks

BEIJING, Sept 25 (Reuters) - Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.

Sep 22 09:00

Pakistan's Chief of Army Staff General Pervez Ashfaq Kayani leaves for China tonight

According to military sources, during his five-day official tour to China he would meet with his Chinese counterpart People Liberation Army Chief Gen Chen Bingde in which matters related to enhancing Pak-China Defense and military cooperation would be discussed. Besides this Gen Kayani would also meet with Chinese President Hu Jintao who is also the commander in chief of the PLA.

Webmaster's Commentary: 

So, continued US aggressions against Pakistan risks open war with China.

Sep 21 09:09

Hundreds of Lehman investors protest in Hong Kong

Hundreds of angry Lehman Brothers investors rallied in Hong Kong on Sunday to demand the government help secure their money after the U.S. investment bank collapsed this past week.

The investors, many of them nearing or at retirement age, waved investment papers and chanted slogans outside the territory's government headquarters as they accused regulators of not doing enough to safeguard their interests.

Sep 19 22:12

China Blames Wall Street Meltdown On Fed Overissuance Of Currency

China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to justify increased control over the global economy.

Sep 19 13:50

China - Hair Bands Made From Used Condoms

BEIJING (AFP) - Used condoms are being recycled into hair bands in southern China threatening to spread sexually-transmittable diseases they were originally meant to prevent, state media reported Tuesday.. Errr.. Recycling anybody?

Sep 19 00:36

America and China Joined at the Hip


18/9/08 "Counterpunch" -- - With the government now having spent over $800 billion in less than a year shoring up tottering financial companies that had become little more than casinos (and rigged ones at that), America is looking increasingly like China, a country where the state has been gradually getting out of the business of directly owning companies.

Sep 13 08:52

China may cut its dollar holdings

China, which holds a fifth of its currency reserves in Fannie Mae and Freddie Mac debt, may cut the portion held in US dollars, according to China International Capital Corp (CICC), one of the nation's biggest investment banks.

Sep 10 09:23

Israeli Olympian calls Chinese 'shits'

Israel's sole medallist at the 2008 Olympics stirred a diplomatic row after describing the Chinese as shits, complaining they had funny accents and grumbling he could not buy hummus in China.

Webmaster's Commentary: 

Not that we are being racist or anything tacky like that.

Sep 08 08:32

China frets at US risk after Fannie/Freddie bailout

The U.S. Treasury's takeover of Fannie Mae and Freddie Mac is good news in the short term for China, the biggest holder of the giant mortgage lenders' debt, but Beijing's huge U.S. exposure still poses a serious risk, a prominent government researcher said on Monday.
China owned $376 billion of debt issued by U.S. government agencies, principally Fannie and Freddie, as of mid-2007.

Sep 05 08:04

Main Bank of China Is in Need of Capital

China’s central bank is in a bind.

It has been on a buying binge in the United States over the last seven years, snapping up roughly $1 trillion worth of Treasury bonds and mortgage-backed debt issued by Fannie Mae and Freddie Mac.

Webmaster's Commentary: 

Well, there's your problem right there!

Aug 28 07:17

China agrees $3bn Iraq oil deal

Iraq and China have agreed the terms of a $3 billion oil service contract, Iraq's oil minister says, announcing the first major oil contract with a foreign firm since the fall of Saddam Hussein.

Webmaster's Commentary: 

"But, that's OUR oil, dammit!!!!" -- Official White Horse Souse

Aug 28 07:16

China, Iraq Reach $3 Bln Oil Service Deal

China and Iraq have signed a $3 billion deal revising an earlier agreement for China's biggest oil company to help develop the Ahdab oil field, an official at the Iraq's Oil Ministry said Thursday.

Aug 28 07:15

Russia wins backing from China

RUSSIA today won support from China and Central Asian states in its standoff with the West over the Georgia conflict as the European Union said it was weighing sanctions against Moscow.

Aug 11 07:52

China to overtake US as largest manufacturer

China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy.

Webmaster's Commentary: 

Considering all the incentives the US government gives to encourage companies to offshore their manufacturing, it's almost amazing that it's taken this long to happen.

Aug 10 18:16

Iraq to revive oil deal with China

-Iraq and China are set to revive a $1.2 billion oil deal that was canceled after the 2003 U.S.-led invasion, the Iraq's oil ministry said Sunday.

Webmaster's Commentary: 

"But, but, but, that's OUR oil! We worked for it! We killed for it! We conquered for it! WE bankrupted the taxpayers for it!" -- Official White Horse Souse

Aug 09 19:16


The largest US/EU naval armada assembled since the start of Gulf War I now is taking up station just outside and inside the Persian Gulf, with significant battle groups just coming off an extensive joint military exercise timed to end just now. America never will be more ready to take on Iran, or so it thinks.

The US has announced its intention to emplace a naval blockade of Iran. That, in itself, is an act of war under international law. Never mind that Iran has done nothing to deserve this. Neither Russia nor China, strategic trading partners of Iran's will take this lying down.

Aug 08 09:06

Bush Hails US-China Ties

Webmaster's Commentary: 

Right after he lambasted China for its human rights record barely 24 hours before, and China told him, in essence, to "stick it where the sun don't shine"??

Is this man completely stupid, criminally incompetent, or both?

Aug 06 09:13

Beijing sends Mugabe packing

ZIMBABWE'S President, Robert Mugabe, has been forced to return home following intense political pressure from the Chinese Communist Party not to attend Friday night's opening ceremony of the Beijing Olympic Games.

Aug 06 08:52

Bush To Speak Out Against China Policies On Day He Arrives For Olympics

Webmaster's Commentary: 

Can this man not put his feet so firmly down his throat when he speaks that he's tapdancing on his tonsils?!?!

Does he have any clue about how much US paper money China holds, and what would happen to the US economy (already poised to jump off a cliff) if China starts to dump dollars??

Aug 06 08:38

China revokes visa of gold medalist, Darfur activist Cheek

Olympic gold medalist and outspoken Darfur activist Joey Cheek has had his visa revoked by the Chinese embassy, hours before the speedskating champion was set to fly to China. And he wasn't even planning on wearing a mask when he got there.

Webmaster's Commentary: 

In ancient times, the Olympics were held in such high respect that wars would stop for the duration of the games, and competitors from the opposing sides would meet on the athletic fields, have the games, and while it would be too much to expect they would be friends, they were at least cordial according to contemporary records.

These degenerate times every government on Earth seems to feel that the Olympics exist solely either to make money or political points, and the athletes are just stands on which to hang medals to be admired, or pawns to be discarded if they fail to produce the required political results.

Aug 05 08:25

Beijing Olympics security: theater of the absurd

So much for the Olympic spirit. The Summer Games aren't much fun and games for those rights activists, public critics of the government and outspoken freethinkers like Yu who aren't welcome at the party, are under watch or have been driven out of town.

Jul 26 17:08

Terror Threats to Olympic Games

Webmaster's Commentary: 

How very convenient for the war hawks if something happens.

Especially since the CIA is behind these central Asia "terror" groups.

Jul 24 07:29

Bush will revive arms sales

US-Taiwan Business Council chairman Paul Wolfowitz told a gathering of the American Chamber of Commerce in Taipei yesterday that he believed the administration of US President George W. Bush would recommence arms sales to Taiwan before Bush leaves office in January.