Home » Posts tagged 'china' (Page 122)
Tag Archives: china
We have to stop filling and killing the oceans with plastic
We have to stop filling and killing the oceans with plastic Eight million tonnes. That’s how much plastic we’re tossing into the oceans every year! University of Georgia environmental engineer Jenna Jambeck says it’s enough to line up five grocery bags of trash on every foot of coastline in the world. A study published by Jambeck and […]
China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21
China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21 And then there were 21. Hours ago on Saturday, the country whose currency is largely pegged to the dollar which itself is now anticipating a rate hike in the coming months, surprised the world by confirming its economic slowdown yet again […]
China Just Sided With Russia Over The Ukraine Conflict
China Just Sided With Russia Over The Ukraine Conflict When it comes to the Ukraine proxy war, which started in earnest just about one year ago with the violent coup that overthrew then president Yanukovich and replaced him with a local pro-US oligarch, there has been no ambiguity who the key actors were: on the […]
Ancient landscapes point to dramatic climate change
Ancient landscapes point to dramatic climate change Scientists believe Chinese civilisation could have been founded by climate refugees after the collapse of an Inner Mongolian culture over 4,000 years ago. LONDON, 26 February, 2015 − Chinese and US scientists have uncovered prehistoric evidence of mass migration triggered by climate change. Something occurred 4,200 years ago – […]
China and the Dragon Tail of Marx
China and the Dragon Tail of Marx The dragon tail of Marx’s end-game of overcapacity and finance capital is about to shred China’s fantasy that the state can micro-manage both capitalism and financialization with no contradictions or consequences. Longtime readers know my one expertise is annoying the entire ideological spectrum in 1,000 words or less. Today […]
Housing Crash in China Steeper than in Pre-Lehman America
Housing Crash in China Steeper than in Pre-Lehman America China has long frustrated the hard-landing watchers – or any-landing watchers, for that matter – who’ve diligently put two and two together and rationally expected to be right. They see the supply glut in housing, after years of malinvestment. They see that unoccupied homes are considered […]
The post-1945 geopolitical settlement is now crumbling
The post-1945 geopolitical settlement is now crumbling “Stare into the abyss for long enough” wrote Nietzsche, “and it will stare back at you.” In 1945, Europe seemed caught in the abyss’s basilisk gaze. Tens of millions were dead; millions more were refugees. Cities were shattered; with them, economies. Many of the inhabitants of countries which […]
Global Cooling Alert: Brazil Headed For Worst Economy Since 1930-1931
Global Cooling Alert: Brazil Headed For Worst Economy Since 1930-1931 For all the debt crises, hyperinflation and boom-and-bust cycles Brazil’s economy has suffered in recent decades, the country hasn’t posted two consecutive years of contraction since the Great Depression. But if 2014’s fourth quarter was as bad as many economists think and their expectations for […]
De-Dollarization: Russia Ratifies $100 Billion BRICS Bank
De-Dollarization: Russia Ratifies $100 Billion BRICS Bank A BRICS Bank – as an IMF alternative and to enable nations to become less dependent on the global reserve currency – was originally discussed at The BRICS Summit in 2012. Thenat the 2014 BRICS Summit, the framework for The BRICS Bank was approved as “a system of measures that would help prevent […]
WAR & PETROLEUM RESERVES
WAR & PETROLEUM RESERVES In the interest of analytical balance, we would do well to consider the possibility of war strategies when it comes to the global stockpiling of petroleum reserves. In the years leading up to the German invasion of Poland, the world witnessed dramatic decreases in the price of oil as well as […]
Meet the bureaucrat who had the courage to tell the truth (and probably won’t have a job tomorrow)
Meet the bureaucrat who had the courage to tell the truth (and probably won’t have a job tomorrow) It’s not very often that you hear a senior government official refer to their economic situation using the word ‘crisis’. Yet with uncharacteristic bluntness of any government official anywhere, at least one senior Chinese government official is […]
How Many More “Saves” Are Left in the Central Bank Bazookas?
How Many More “Saves” Are Left in the Central Bank Bazookas? Very few, it seems The master narrative of the global economy shifted six years ago from “China will push global growth for decades to come” to “the central banks can push global growth for decades to come.” Time after time we’ve witnessed enfeebled global […]
The invisible network that keeps the world running
The invisible network that keeps the world running It’s been just over 45 years since the Apollo Moon landings, and some would have it that we are failing to build big anymore; that we’ve since become too fascinated with the small, too impressed by our tablet computers, games consoles, and smartphones that we don’t invest in […]
China’s ‘Marshall Plan’ Will Not Solve Overcapacity in China’s Economy
China’s ‘Marshall Plan’ Will Not Solve Overcapacity in China’s Economy The majority of industries in China face severe overcapacity, which seriously threatens the smooth functioning of China’s economy. Despite China’s high hopes, “the road map for launching an Asian Investment Bank” remained only a plan at the APEC summit this year. In addition, the Mexican […]
Will China’s Currency Peg Be the Next to Fall?
Will China’s Currency Peg Be the Next to Fall? I suspect China’s leadership is wary of unpegging the RMB for one reason: the FX market is too large to manipulate for long. What is China’s currency the renminbi (RMB, a.k.a. yuan) really worth? Nobody knows, because price discovery has been thwarted by the RMB’s peg to the […]
