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Tag Archives: china
China Urges ‘Calm And Restraint’ After US Kills Top Iranian General
China Urges ‘Calm And Restraint’ After US Kills Top Iranian General Agence France-Presse (AFP) is reporting China on Friday has requested restraint from all sides, “especially the United States,” after the U.S. killed Iranian General Qasem Soleimani in an airstrike at Baghdad international airport. “China has always opposed the use of force in international relations,” Chinese […]
China Quietly Ramps Up Oil Production In Iran
China Quietly Ramps Up Oil Production In Iran The supergiant Azadegan oil field, comprising major north and south sites, is as important to Iran’s overall strategic plan to survive the current sanctions environment and to prosper when they are lifted as the flagship South Pars supergiant gas field and the added-value products of its petrochemicals […]
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report
China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report China is at last planning to conduct the first real-world test of its central bank digital currency (CBDC), fresh reports claim. According to local news outlet Caijing on Dec. 9, the initial pilot for the CBDC is set for the city of Shenzhen before the end of […]
The Next Pearl Harbour? China’s Gold-Backed Crypto Currency Will Blindside US Dollar
The Next Pearl Harbour? China’s Gold-Backed Crypto Currency Will Blindside US Dollar “A date which will live in infamy.” Indeed, this weekend marks the 78th anniversary of the attack on Pearl Harbor in Hawaii, which opened the door for the United States to enter World War II. Turn on your TV and you will see military mavens rambling […]
Living On Borrowed Time
Living On Borrowed Time How soon until the consequences of our excesses catch up with us? The laws of physics are governed by cause and effect. But there can exist a time lag between the two. For instance: Note how the speed of both the bullet and the retracting latex far exceed that of the […]
Trade Wars Just Getting Started
Trade Wars Just Getting Started Markets are eagerly awaiting the conclusion of the so-called “phase one” trade deal between the U.S. and China. Both parties are trying to reach a mini-deal involving simple tariff reductions and a truce on new tariffs along with Chinese purchases of pork and soybeans from the U.S. The likely success […]
China Will Use Millions Of Zimbabwe Citizens To Improve Facial Recognition Accuracy
China Will Use Millions Of Zimbabwe Citizens To Improve Facial Recognition Accuracy As China spreads its economic footprints across multiple continents with The Belt and Road Initiative, and exercises more and more control over the lives of its subjects via a combination its Social Credit Score system and vast surveillance state, it appears Beijing’s Big […]
Russian Gas Mega-Pipeline To China Goes Online As Putin & Xi Hail Closer Ties
Russian Gas Mega-Pipeline To China Goes Online As Putin & Xi Hail Closer Ties Late Monday Chinese President Xi Jinping and Russia’s Vladimir Putin jointly launched the major unprecedented cooperative project that had been years in the making called the ‘Power of Siberia’ gas pipeline. The China-Russia east-route pipeline is now providing China with Russian natural gas, which according to […]
China: Man Interrogated For Criticizing Police on Social Media
China: Man Interrogated For Criticizing Police on Social Media Social credit score coming to the west soon. A video out of China shows a man being called in and interrogated by authorities for the crime of criticizing the police on social media. The clip shows the man handcuffed to a metal chair as he is […]
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise
China Braces For December D-Day: The “Unprecedented” Default Of A Massive State-Owned Enterprise Something is seriously starting to break in China’s financial system. Three days after we described the self-destructive doom loop that is tearing apart China’s smaller banks, where a second bank run took place in just two weeks – an unprecedented event for a country where until […]
A $20 Trillion Problem: More Than Half Of China’s Banks Fail Central Bank Stress Test
A $20 Trillion Problem: More Than Half Of China’s Banks Fail Central Bank Stress Test In our latest look at the turmoil among China’s small and medium banks, which included not only the recent bailouts and nationalizations of Baoshang Bank , Bank of Jinzhou, China’s Heng Feng Bank, but also the two very troubling bank runs at China’s Henan Yichuan […]
China Central Bank Warns Downward Pressure On Economy Increasing
China Central Bank Warns Downward Pressure On Economy Increasing Several weeks ago, the People’s Bank of China (PBOC) said it would “increase counter-cyclical adjustments” to prevent downward pressure on the economy. Now the PBOC is warning that it might not be able to ward off these downward pressures in the short term, reported Reuters. The PBOC’s […]
China’s ‘Official’ Virtual Currency Could Be Arriving “Quite Soon” To “Challenge The U.S.”
China’s ‘Official’ Virtual Currency Could Be Arriving “Quite Soon” To “Challenge The U.S.” As if the trade war – and soon to be currency war – between China and the U.S. needed another wrench thrown in its gears… China sent cryptocurrencies tumbling on Friday after re-cracking-down on exchanges that are operating illegally against authorities’ ban. […]
The Phantom Mania
The Phantom Mania There’s nothing of substance underlying the current market melt-up Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since […]
In Landslide Vote, US House Joins Senate In Defying China, Backing Hong Kong Protesters
In Landslide Vote, US House Joins Senate In Defying China, Backing Hong Kong Protesters One day after the Senate unanimously passed a Bill backing Hong Kong’s pro-democracy protesters, and spawning a wave of complaints and threats from China which warned it would retaliate, moments ago the U.S. House of Representatives followed in the footsteps of […]
