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Beijing Threatens “Severe” Retaliation Against Canada If Huawei CFO Is Not Released
Beijing Threatens “Severe” Retaliation Against Canada If Huawei CFO Is Not Released Canada’s extraordinary arrest one week ago of Huawei CFO Meng Wanzhou, the daughter of Huawei founder and billionaire executive Ren Zhengfei, and its decision to charge her with “multiple” counts of fraud – a preamble to her likely extradition to the US to […]
China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures”
China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures” So much for a trade war truce between China and the US, or a stock market Christmas rally for that matter. Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — […]
Five Academics Who Unleashed the “Demon” of Geopolitical Power
Five Academics Who Unleashed the “Demon” of Geopolitical Power Photo Source pedrik | CC BY 2.0 As Washington’s leadership fades more quickly than anyone could have imagined and a new global order struggles to take shape, a generation of leaders has crowded onto the world stage with their own bold geopolitical visions for winning international […]
G20 Summit, Top Agenda Item: Bye-Bye American Empire
G20 Summit, Top Agenda Item: Bye-Bye American Empire The G20 summits are nominally about how the world’s biggest national economies can cooperate to boost global growth. This year’s gathering – more than ever – shows, however, that rivalry between the US and China is center stage. Zeroing in further still, the rivalry is an expression […]
“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis
“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis On November 8, China shocked markets with its latest targeted stimulus in the form of an “unprecedented” lending directive ordering large banks to issue loans to private companies to at least one-third of new corporate lending. The announcement sparked a new round […]
Sino-Russian interdependence will be based on oil
Sino-Russian interdependence will be based on oil Although Beijing is Moscow’s largest trading partner, while Russia only ranks in the second ten among China’s importers, the Kremlin is strategically the most important contractor because it supplies the most desirable product – oil – and Chinese demand for this raw material is growing. It appears that […]
Natural Gas Skyrockets As China Pledges Huge Supply Boost
Natural Gas Skyrockets As China Pledges Huge Supply Boost With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday. The company, one of three state-run oil majors, said that it will supply 24.6 billion cubic meters […]
The “Nightmare Scenario” For Beijing: 50 Million Chinese Apartments Are Empty
The “Nightmare Scenario” For Beijing: 50 Million Chinese Apartments Are Empty Back in 2017, we explained why the “fate of the world economy is in the hands of China’s housing bubble.” The answer was simple: for the Chinese population, and growing middle class, to keep spending vibrant and borrowing elevated, it had to feel comfortable […]
“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia
“The Real Economic Shock Is Yet To Come” – Trade War Deepens Across Asia The last chance to avoid a full-blown 2019 trade war may come later this month when President Trump is scheduled to meet with Chinese President Xi Jinping at the G-20 Buenos Aires summit in the city of Buenos Aires, Argentina. It […]
The New Global Tinderbox: It’s Not Your Mother’s Cold War
The New Global Tinderbox: It’s Not Your Mother’s Cold War When it comes to relations between Donald Trump’s America, Vladimir Putin’s Russia, and Xi Jinping’s China, observers everywhere are starting to talk about a return to an all-too-familiar past. “Now we have a new Cold War,” commented Russia expert Peter Felgenhauer in Moscow after President Trump […]
China’s President Orders Military To “Prepare For War”
China’s President Orders Military To “Prepare For War” China’s President Xi Jinping ordered the military region responsible for monitoring the South China Sea and Taiwan to “assess the situation it is facing and boost its capabilities so it can handle any emergency” as tensions continue to mount over the future of the South China Sea […]
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00
“The Central Bank Will Intervene”: PBOC Said To Sell Reserves If Yuan Drops Below 7.00 According to the latest data from China’s SAFE, net FX outflows from China picked up to US$21BN in September (vs. US$11BN in August) and the highest since mid-2017 with Goldman noting that “outflow might have increased moderately further in October, but […]
Top Communist Party Official Threatens Military Intervention Over Pence’s Support For Taiwan
Top Communist Party Official Threatens Military Intervention Over Pence’s Support For Taiwan With the on-again-off-again trade war detente back in “off again” mode as China is once again refusing to bow to the US’s demands for concessions, and with military tensions simmering in the background as the US seriously considers withdrawing from the INF, the […]
The Taiwan Strait Getting Hot, Hot, Hot…
The Taiwan Strait Getting Hot, Hot, Hot… We posted the following in July after President Trump threw Montenegro under the bus. Taiwan may be about to get hot, hot, hot in the next year after last night’s Commander in Chief’s ambiguous message on defense treaties. – GMM One of GMM‘s most excellent followers, who we very much […]
Pence v. China: Cold War 2.0 May Have Just Begun
Pence v. China: Cold War 2.0 May Have Just Begun U.S. Vice President Mike Pence announced what could already be described as the beginning of World Cold War II, with Washington and Beijing as the first belligerents but soon the stage will be global. Pence spoke at the Hudson Institute, a think tank specializing in […]
