Boasting $3.2 trillion in foreign currency reserves, China has created a new fund aimed at financing takeover bids abroad. The fund also seeks to boost China's currency in global financial markets.
In its drive to step up overseas investment, the Chinese government has set up a new fund worth 12 billion yuan ($1.9 billion), Shanghai International Group said in a statement Friday.
Shanghai International said it was responsible for running the fund, describing it as China's "biggest ever fund of its kind."
"The yuan-backed fund will help domestic companies go abroad in seeking more investment opportunities," China's central bank deputy governor Liu Shiyu was quoted by the official Shanghai Daily newspaper as saying.
My Hebrew is just about as fluent as is my Syriac (non-existent), but if Netnanyahu really said that the US is "... adopting policies that will favor Iran.", the US should immediately withdraw its ambassador from Tel Aviv, declare Prime Minister Netanyahu Persona Non Grata in the US, and immediately pull all military and financial aid to Israel.
I know that will only happen when pigs fly; however, Netanyahu's absolutely hubristically ungrateful dismissiveness of the US, which has bent over backwards to consistently support Israel, is a slight which cannot remain unaddressed, and should be addressed in the most concrete and meaningful ways possible, and in a language Israeli leadership will understand.
I do not know what kinds of threats or inducements Netanyahu will attempt to offer President Obama when they meet on 5 March to sign off on either a joint US/Israeli strike against Iran, and very soon, or simply a sign off on an Israeli strike, and very quickly.
But I do know that Pakistani, Russian, and Chinese leadership have recently publicly stated that should Iran be attacked, all three of these nuclear armed countries will enter the fray on the side of Iran.
So what we have here, is a potential global, thermonuclear war over an alleged Iranian weapons program which cannot, to date, be proven to exist.
And I would strongly caution Israeli Prime Minister Netanyahu regarding the following: the American people are sick, tired, and angry at the cost in American blood and American money which Israel consistently demands be sacrificed on the altar of ultimate Israeli hegemony in the Middle East. We, sir, have had it, and wish this to stop immediately, thank you very much.
So please, Mr. Prime Minister: I would honestly, and respectfully, ask that you be very, very careful what you wish for as to the ultimate outcome of a US/Israeli attack against Iran..