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Tag Archives: china
Putin Rejects More Korea Sactions, Warns US Risks “Global Catastrophe, Huge Loss Of Human Life”
Putin Rejects More Korea Sactions, Warns US Risks “Global Catastrophe, Huge Loss Of Human Life” After UN Ambassador Nikki Haley asked the security council to pass the “strongest possible” sanctions against North Korea following the isolated nation’s sixth nuclear test which took place over the weekend, Russia President Vladimir Putin has hinted that Russia may […]
China Slams Trump’s Trade Threat As “Unacceptable”
China Slams Trump’s Trade Threat As “Unacceptable” An angry China slammed President Trump’s threat on Monday to cut off trade with countries that deal with North Korea, as “unacceptable” and “unfair.” As a reminder, following Sunday’s nuclear test by North Korea, Trump threatened to increase economic sanctions and halt trade with any country doing business […]
China Battles “Impossible Trinity”
China Battles “Impossible Trinity” Just because something is inevitable does not mean it cannot be postponed. The popular name for this is “kicking the can down the road,” which is a perfectly good description. I prefer more technical terms such as dynamic systems in “subcritical” and “supercritical” state space, but it amounts to the same […]
China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold
China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian […]
China is going to hit a wall
China is going to hit a wall “There is probably no company that is more representative of the investment bubble than Evergrande. It’s the biggest pyramid scheme the world has yet seen”, says Anne Stevenson-Yang (Bild: James Wasserman ) Anne Stevenson-Yang, co-founder and research director at J Capital, warns that the monster bubble in the […]
China Slams White House For Latest Sanctions On “Close Ally” Venezuela
China Slams White House For Latest Sanctions On “Close Ally” Venezuela Shortly after the White House unveiled new sanctions last Friday against Venezuela while prohibiting U.S. trading in various bonds issued by the country (while exempting the notorious Goldman “Hunger Bonds”), Venezuela’s “close ally” China slammed the latest diplomatic crackdown and said on Monday that […]
My prediction: the coming collapse of China’s Ponzi scheme economy
My prediction: the coming collapse of China’s Ponzi scheme economy So much production in industries like steel is based on demand for more production, but should that demand falter, the whole system could come crashing down Friends who have a greater interest than I do in reading the tea leaves in Beijing tell me that […]
“Unloading Dollar Assets Would Be Most Effective” – Chinese State Media Unveils Trade War ‘Countermeasures’
“Unloading Dollar Assets Would Be Most Effective” – Chinese State Media Unveils Trade War ‘Countermeasures’ After President Trump declared “economic war” with China, seemingly following Bannon’s strategy to maintain hegemony… “We’re at economic war with China,” he added. “It’s in all their literature. They’re not shy about saying what they’re doing. One of us is […]
Forget OPEC, China Controls Oil Prices
Forget OPEC, China Controls Oil Prices U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by cutting production. Yet, there may be another factor that could bring down oil prices as soon as next year… […]
The Chinese Economy’s Fatal Flaws
The Chinese Economy’s Fatal Flaws Dr. Per Bylund’s recently published article poignantly states one of the core problems in the Chinese economy and its the state-manipulated Keynesian foundation. I do agree with his opinion. And if we dig deeper into the exact situation of Chinese economy, we will find that it’s a typical failing of the Keynesian, cronyist […]
Treasury Slaps Sanctions On China, Russia Entities And Individuals Over North Korea
Treasury Slaps Sanctions On China, Russia Entities And Individuals Over North Korea In a move that is certain to infuriate China further and result in another deterioration in diplomatic relations between Washington and Beijing, moments ago the United States slapped both Chinese and Russian entities and individuals with new sanctions in the Trump administration’s escalating […]
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties
China Warns Of “Looming Trade War” With India In Retaliation To Anti-Dumping Duties One of the more under-reported stories – at least among the Western press – are the growing tension between China and India. As reported over the weekend, in the latest escalation, Indian and Chinese soldiers, in addition to the ongoing tense military […]
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets
China’s Plunge Protection Team Holds $150 Billion In Stock, Claims “State Meddling” Stabilizes Markets It was two years ago, in June of 2015, when just as the Shanghai Composite was flirting with 5,000 and when literally the local banana stand guy was trading stocks, that the Chinese stock bubble burst, unleashing an unprecedented selling spree, […]
Video Emerges Showing Clashes Between Indian, Chinese Soldiers
Video Emerges Showing Clashes Between Indian, Chinese Soldiers Late last week, we reported that in the first documented clash between Chinese and Indian soldiers who have been piling up across the border between the two nations over the latest territorial dispute, “Indian and Chinese soldiers were involved in an altercation” in the western Himalayas on […]
Taking Nuclear War Seriously
Taking Nuclear War Seriously With remarkably little public debate, the U.S. government has raised the risk of a nuclear conflagration with face-offs against Russia and now North Korea, an existential issue that Dennis J Bernstein discusses with journalist John Pilger. Emmy-Award winning filmmaker John Pilger’s latest film, The Coming War on China, deals directly with […]
