Home » Posts tagged 'global times'

Tag Archives: global times

Two major and relatable statements have been issued Wednesday on the question of US ties with Taiwan and China’s growing anger and increasingly bellicose rhetoric in response.

First, the notoriously hawkish editor-in-chief of China’s state-owned news tabloid the Global Times issued a threat, saying China should “fully prepare itself for war” with Taiwan in the event it restores diplomatic relations with the United States.

Hu Xijin wrote in his latest opinion piece that “We must no longer hold any more illusions. The only way forward is for the mainland to fully prepare itself for war and to give Taiwan secessionist forces a decisive punishment at any time.”

*AFP/Getty Images: China’s President Xi Jinping & former US Secretary of State Henry Kissinger at the Nov.2019 New Economy Forum at the Great Hall of the People in Beijing.*

The GT editor added that “As the secessionist forces’ arrogance continues to swell, the historical turning point is getting closer.” The secessionist forces he was specifically denouncing is the Taiwanese Kuomintang Party, or KMT, who he described as having “woken up on the wrong side of the bed. They have gone downhill and become vulgar.”

And the latest actions of its legislators is what he finds most alarming, according to his description:

The Kuomintang (KMT) group in Taiwan’s “Legislative Yuan” proposed two bills, asking the island’s authorities to request US assistance in resisting the Communist Party of China and to resume diplomatic ties with the US. The move is widely believed to checkmate the Democratic Progressive Party (DPP) and put the DPP in a difficult position.

…click on the above link to read the rest of the article…

China is killing the dollar

September 19, 2020

China is killing the dollar

In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of importing industrial materials to a more aggressive stance. In examining the rationale behind this move, this article concludes that while there are sound geopolitical reasons behind it the monetary effect will be to drive down the dollar’s purchasing power, and that this is already happening. More recently, a veiled threat has emerged that China could dump all her US Treasury and agency bonds if the relationship with America deteriorates further. This appears to be a cover for China to reduce her dollar exposure more aggressively. The consequences are a primal threat to the Fed’s policy of escalating monetary policy while maintaining the dollar’s status in the foreign exchanges.

Introduction

On 3 September, China’s state-owned Global Times, which acts as the government’s mouthpiece, ran a front-page article warning that

“China will gradually decrease its holdings of US debt to about $800billion under normal circumstances. But of course, China might sell all of its US bonds in an extreme case, like a military conflict,” Xi Junyang, a professor at the Shanghai University of Finance and Economics told the Global Times on Thursday”[i].

Do not be misled by the attribution to a seemingly independent Chinese professor: it would not have been the front page article unless it was sanctioned by the Chinese government. While China has already taken the top off its US Treasury holdings, the announcement (for that is what it amounts to) that China is prepared to escalate the financial war against America is very serious. The message should be clear: China is prepared to collapse the US Treasury market. In the past, apologists for the US Government have said that China has no one to buy its entire holding.

…click on the above link to read the rest of the article…

Discovery Of Coronavirus On Doorknob Of Infected Patient Sparks Transmission Concerns

February 4, 2020

Discovery Of Coronavirus On Doorknob Of Infected Patient Sparks Transmission Concerns

Until now, the prevailing conventional wisdom was that China’s coronavirus epidemic, which has spread to over 20,600 people around the globe as of February 3, did so by air or, according to some recent and unconfirmed speculation, human feces. That may be about to change.

*Worker disinfects the lobby of Beijing West Railway Station in Beijing, capital of China, Feb. 2, 2020*

According to the Global Times, new ways of transmitting the coronavirus have been reported, and virus nucleic acid has been detected outside human bodies, sparking public fears that the virus could be transmitted in unknown and undetected ways. Concerns emerged after scientists found coronavirus nucleic acid on the doorknob of a confirmed Guangzhou-based patient’s house, the first case of novel coronavirus detected outside the human body, Guangzhou Daily reported Monday. The finding was confirmed by China’s Health Commission, which said on Monday that the coronavirus can survive for five days maximum on smooth surfaces under suitable circumstances.

That would mean that mobile phone screens, computer keyboards, faucets and other household objects may indirectly transmit the virus, experts said.

A man from Northeast China’s Jilin Province, who was confirmed with coronavirus infection on Monday, shared his experience, saying he had used the same microphone with another confirmed patient during a meeting in January.

In another case, a 40-year-old man from North China’s Inner Mongolia Autonomous Region, who lives upstairs of a confirmed patient, was also diagnosed with coronavirus infection on Saturday. Aside from respiratory droplets and contact transmissions, the person has no clear contact histories with people from other cities, patients, or wild animals and has never been to a market, according to the local health authority on Sunday.

…click on the above link to read the rest of the article…

China Is Already Blaming A Slowdown In 2020 On The Coronavirus Epidemic

January 22, 2020

China Is Already Blaming A Slowdown In 2020 On The Coronavirus Epidemic

So much can change in just 24 hours.

It was just yesterday that China’s top twitter troll and Beijing propaganda voice to the west, Global Time Editor in Chief Hu Xijin was downplaying the risk from the coronavirus outbreak, comparing it to the SARS epidemic in 2003, and saying that “during SARS epidemic, even many medical staff contracted virus and died of it. It doesn’t look the same this time.”

✔

Chinese society is mobilizing to deal with the new coronavirus. But its risks of human-to-human transmission and fatality rate appear lower than SARS. During SARS epidemic, even many medical staff contracted virus and died of it. It doesn’t look the same this time. https://twitter.com/globaltimesnews/status/1219218357792075777 …

Oops, because just a few hours later, we got confirmation that at least 15 medical staff had in fact contracted the virus which now appears to be spreading human-to-human, as six people have died among 291 confirmed cases in China, eliminating any attempts to further downplay the significance of the coronavirus epidemic which has reportedly infected hundreds of people across China.

So in a dramatic 180-degree reversal, the same twitter troll now had an entirely different message to the word: not only is “the epidemic expanding” and “concerns are mounting”, but more importantly, “It is inevitable that people will cut their trips during Spring Festival and holiday consumption will be hit.“

✔

Coronavirus cases have been found in other places out of Wuhan, Hubei Province, indicating the epidemic is expanding. Concerns are mounting. It is inevitable that people will cut their trips during Spring Festival and holiday consumption will be hit.

…click on the above link to read the rest of the article…

“New Cold War” Unleashing “Geopolitical Chaos”: China Reacts To US Offensive Missiles In Asia

August 5, 2019

“New Cold War” Unleashing “Geopolitical Chaos”: China Reacts To US Offensive Missiles In Asia

China’s Global Times — the communist country’s hawkish, belligerent state tabloid — has responded to the Pentagon’s Friday announcement stating the US is looking to deploy intermediate range ballistic missiles to Asia “within months,” warning “it will certainly trigger an intense arms race in the region.”

Its editorial board, long understood as a mouthpiece of the state, has slammed remarks made by US Defense Secretary Mark Esper outlining the new mid-range ballistic missile deployment plans, crucially which came immediately on the heels of the formal collapse of the landmark US-Russia INF treaty, saying American greed and naked drive for hegemony will spark a dangerously unprecedented arms race which will fuel further “instability” across Asia. The Global Times commentary opens with:

The US is greedily pursuing an absolute and all-sided military superiority to consolidate its hegemony. It refuses to accept any relative balance of power. Such a stubborn and overbearing country has become the largest source of Asia’s instability.

The authors further warn US plans will “break the status quo” in Asia, unleashing “geopolitical chaos” by deploying offensive weapons, because “Any country accepting US deployment would be against China and Russia, directly or indirectly, and draw fire against itself.”

“Asian countries must collectively resist the US’ attempt in creating new crisis in this region and prevent it from provoking extreme arms races and forcing all countries to take sides,” the editorial urges further.

…click on the above link to read the rest of the article…

Beijing Threatens Damaging Rare-Earth Export Ban As Trade Fight Intensifies

May 29, 2019

Beijing Threatens Damaging Rare-Earth Export Ban As Trade Fight Intensifies

Once dismissed as a “nuclear option” that would only be invoked by Beijing as a last resort in the burgeoning trade war with the US, it’s looking increasingly likely that the Communist Party might impose an export ban on rare-earth metals, creating serious supply-chain issues for American producers of everything from microchips, to batteries, to night-vision goggles.

After Global Times editor and Trump Twitter foil Hu Xijin warned on Tuesday that a ban was being ‘seriously considered’ (which followed a visit by President Xi and Vice Premier Liu He to a rare-earth mine that was widely seen as a threatening gesture), China’s powerful state-planning body threatened to use rare earths as “China’s counter-weapon against the US’s unwarranted suppression”…while a host of state-controlled media organizations used rare threatening language intended to convey that Beijing isn’t playing around.

As BBG explained, an editorial published in the People’s Daily on Wednesday used the phrase “don’t say I didn’t warn you”, which is loaded with historical significance. That specific wording was used by the paper in the early 1960s before China fought a brief war with India; it was also used before conflict broke out between China and Vietnam.

The newspaper’s commentary included a rare Chinese phrase that means “don’t say I didn’t warn you.”The specific wording was used by the paper in 1962 before China went to war with India, and “those familiar with Chinese diplomatic language know the weight of this phrase,” the Global Times, a newspaper affiliated with the Communist Party, said in an article last April. It was also used before conflict broke out between China and Vietnam in 1979.
On rare earths specifically, the People’s Daily said it isn’t hard to answer the question whether China will use the elements as retaliation in the trade war.

…click on the above link to read the rest of the article…

Joint Russia-China Naval Drills Kick Off After 2 US Warships Enter Taiwan Strait

May 1, 2019

Joint Russia-China Naval Drills Kick Off After 2 US Warships Enter Taiwan Strait

Early this week Chinese media confirmed that Russian warships arrived in Qingdao, a port city in East China’s Shandong Province, at the start this week’s join China-Russia naval exercises.

The Russian fleet included the Varyag guided missile cruiser, a submarine, two anti-submarine ships, a corvette, a landing ship, a tanker and a rescue vessel, according to China’s Global Times

View image on Twitter

Russian submarine makes a visit to Qingdao Port in China.

The planned drills, called Naval Cooperation 2019 exercises, set to run April 29 to May 4 come amidst a general thawing and improvement of relations between Moscow and Beijing as both experienced heightened economic and military tensions with the United States of late.

For its part, the PLA Navy (People’s Liberation Army) will deploy a submarine, two guided missile destroyers, three guided missile frigates and a submarine rescue ship to participate in the exercises, according to an official PLA statement. Prior file photo of PLA crew members aboard the Russian missile cruiser Varyag last year. via China Daily

Official descriptions of the drills detail plans for joint training in maneuvering and communication, missile launches, artillery fire at sea, and naval aviation coordination, among other things.

Russia’s TASS news agency identified the ships in its fleet that are involved in the joint drills as follows:

A group of Pacific Fleet ships consisting of the flagship Guards Order of Nakhimov missile cruiser Varyag, the large anti-tank ships Admiral Vinogradov and Admiral Tributs, the corvette Sovershenny, the large landing ship Oslyabya, the rescue vessel Igor Belousov and the sea tanker Irkut arrived at the port of Qingdao on a business call several hours ago, and the official opening ceremony for the bilateral Russian-Chinese naval drills ‘Maritime Cooperation 2019’ was carried out.

…click on the above link to read the rest of the article…

Canada Secretly Collected Banking Information From 500,000 Canadians Without Their Knowledge

October 29, 2018

Canada Secretly Collected Banking Information From 500,000 Canadians Without Their Knowledge

As it turns out, Silicon Valley tech giants aren’t the only institutions surreptitiously collecting massive troves of sensitive data from unsuspecting consumers. On Friday, Canada’s the Global Times published a report exposing a recently launched data collection program adopted by StatCan, the Canadian government’s economic research agency, that the agency introduced to help it collect more accurate data about consumers’ spending habits. The agency has asked Canada’s nine largest banks to turn over all the transaction records and sensitive identifying financial information (including customer’s social insurance numbers) for 500,000 randomly selected Canadians. The agency will collect and crunch this data as part of its statistical research and then, at the end of the year, it will produce a new list of 500,000 Canadians, and perform all of the same operations with their data.

After being called out by Global News, the agency explained that the data would be anonymized shortly after being compiled (meaning that all identifying information, like consumers’ SINs, would be removed).

“Canadians should know we are not accessing all of the payments data for all Canadians. It’s a small sample relative to the total number of households,” he said. “Our access to this data is permitted through both the Privacy Act and the Statistics Act.”

But that’s not exactly true. The fact that it didn’t publicly disclose the plan has left some Canadians feeling uneasy. Given that Canada has a population of roughly 20 million people, the likelihood that any one individuals’ information will be collected. To be sure, the agency said in a letter to Canada’s privacy commissioner that the data would only be used for statistics purposes. But a former privacy regulator who spoke with GN said she was “shocked” to learn of the program.

…click on the above link to read the rest of the article…

China Launches Personal Attack At “Arrogant, Deceitful” Trump: “We Are Prepared To Fight To The End”

August 6, 2018

China Launches Personal Attack At “Arrogant, Deceitful” Trump: “We Are Prepared To Fight To The End”

All hope abandon ye who think the trade war with China has any hope of ending soon.

One month ago, Beijing ordered China’s state media “not to use aggressive language” for Trump. As of Sunday, that directive has clearly expired, and after a weekend of bluster by President Trump in which he proclaimed that he has the upper hand in the trade war with China, Beijing finally responded angrily through state media, saying the nation is ready to endure the economic fallout, and launched an “unusually personal attack” against Trump’s trade policies on Monday, saying Trump’s trade “extortion” would not work according to Reuters.

An editorial in the nationalist Global Times on Sunday evening declared that China is prepared for a “protracted war” and doesn’t fear sacrificing short-term economic interests, “considering the unreasonable U.S. demands, a trade war is an act that aims to crush China’s economic sovereignty, trying to force China to be a U.S. economic vassal.”

Separately, in a front-page editorial on Monday, the overseas edition of People’s Daily said Trump was “starring in his own carefully orchestrated street fighter-style deceitful drama” in which diplomacy had been reduced to nothing but a “trading game in which everything should follow the rule of America first”.

“To realise the goal of reviving the American economy, Trump has chosen a simple but crude way. He has bypassed the multilateral trading system of the WTO and started trade conflicts, forcing countries, including its traditional allies, to cede their interests to those of the United States,” the People’s Daily said.

…click on the above link to read the rest of the article…

“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs

June 3, 2018

“This Is A Red Line”: Beijing Warns Trump Trade Deal Is Off If US Imposes Tariffs

In a scathing editorial warning Trump to back off on his latest tariff threat, on Sunday China said that any trade deals between the US and China, and any progress and commitments made so far in bilateral negotiations would be withdrawn if President Donald Trump follows through with this threat.

“If the U.S. rolls out trade measures including tariffs, all the agreements reached in the negotiations won’t take effect,” the state-run Xinhua News Agency reported this morning, citing a statement from the Chinese team that met with a U.S. delegation led by Commerce Secretary Wilbur Ross, which arrived in China overnight.

*US trade delegation led by Commerce Secretary Wilbur Ross is in China to discuss bilateral trade relations, June 2-3*

Separately, China has continued to express growing frustration with the tactics deployed by the White House, and an editorial in the nationalist, state-run tabloid Global Times said that “the U.S. can’t have its cake and eat it too,” adding that the U.S. “needs to choose between tariffs and exporting more to China.”

China’s anger is the result of Trump’s revival of the simmering trade war between the two superpowers after Trump last week unveiled a plan to slap tariffs on $50 billion of Chinese imports, casting into doubt ongoing trade discussion about how to reduce China’s $375 billion goods-trade surplus with the U.S.

As Bloomberg clarifies, the Xinhua report came out on Sunday after Ross met with Chinese Vice Premier Liu He for talks that Ross called “friendly and frank, and covered some useful topics about specific export items.” At the same time as negotiators focus on technical steps to reduce the U.S. deficit, Trump’s aggressive reversals have rattled Beijing as it raises concerns about the possibility that any agreement made could be simply torn up by the president.

…click on the above link to read the rest of the article…

China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack”

April 5, 2018

China Declares Trade War Victory: Gloats At US “Suffering” After “Crushing Counterattack”

Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that – unlike US measures that mostly targeted obscure industrial products – actually struck at key industries like soybean farmers, automobiles and airplanes, the Communist Party crowed about what it already sees as its “victory” in the nascent trade war in an editorial published by the Global Times, China’s state-owned, English-language tabloid and extremely hawkish party mouthpiece.

In the editorial, China swatted away US claims – repeated most recently by Larry Kudlow during this morning’s interview with Fox Business’s Maria Bartiromo – that China has somehow victimized the US via its trade agreements while gloating about the leadership’s decision to strike at a “massive weak spot” for the US economy.

While the tit-for-tat tariffs could hurt both economies, the damage to China’s economy caused by the US’s Section 301 tariffs will “pale in comparison to the damage done to the US economy via China’s retaliations.”

And just to illustrate that point, literally, a Chinese cartoonist showed that another way Beijing will hurt the US is by a “stockmarket squeeze.”

Furthermore, in standing up to America’s “bullying tactics”, China warns that the pleasure the US had derived from its sanctions in the past “will now cause them suffering as their financial and political gains diminish to zero.”

This is Beijing’s clear show of retaliation toward the proposed tariff list on Chinese products from the US. Beijing showed an impressive response time for its retaliation efforts, taking less than 12 hours to announce its trade countermeasures. Chinese officials agree that its country’s countermeasures match those imposed by the US and that they showcase China’s determination to win this trade war.

…click on the above link to read the rest of the article…

China’s Official Military Newspaper Warns: “War Is Not Far”

January 12, 2018

China’s Official Military Newspaper Warns: “War Is Not Far”

“War is not far from us. Regional situations around China are complex and unstable, and dangers are hiding under the peace. China cannot afford a military failure, so we must be fully aware of potential crisis and be prepared for battle at all times. When the country is on the brink of becoming a great military power, it’s also stepping into a period with high risks to national security,” the official People’s Liberation Army (PLA) newspaper wrote according to China’s Global Times.

The article first headlined on Tuesday in the PLA daily: “A soldier without desire for war-preparedness is not a good soldier.” The newspaper warned that Chinese soldiers are not ready for combat because many refuse to believe war is imminent.

Military experts agree that the threat of a conflict around China has increased in recent years.

“In regions like the Korea Peninsula, China-India border area and the Taiwan Straits, the PLA needs to be prepared for all possibilities. Our overseas interests in regions like Africa and the Middle East are also under threat due to local instability,” said Xu Guangyu, a retired major general and senior adviser of the China Arms Control and Disarmament Association according to the Global Times.

Last week, President Xi Jinping kicked off the new year with a rare speech to the military urging soldiers to be ready for war and “don’t fear death.”

China’s soldiers should “neither fear hardship nor death,” Xi told thousands of troops during an inspection visit last Wednesday to the People’s Liberation Army’s (PLA) Central Theater Command in northern Hebei province, according to the official Xinhua news agency.

The People’s Liberation Army (PLA) has been conducting war drills at home and abroad involving most of its military branches.

…click on the above link to read the rest of the article…

China Warns Japan: “Get Used To Our Warplanes”, Sends Spy Ship Near Alaska

July 14, 2017

In an unexpectedly brazen rattling of sabers, just days after China deployed troops to its first foreign base in Djibouti, a move which the Global Times clarified is “about protecting its own security, not about seeking to control the world, Beijing made a less than subtle reversal, when it told Japan on Friday to “get used to it” after it flew six warplanes over the Miyako Strait between two southern Japanese islands in a military exercise.

It all started late on Thursday night, when Japan’s defense ministry issued a token statement describing the flyover by the formation of Xian H-6 bombers, also known as China’s B-52, earlier that day as “unusual”, while noting that there had been no violation of Japanese airspace.

The flyover was hardly surprising: the Chinese navy and air force have been carrying out a series of exercises in the Western Pacific in recent month, both as they hone their ability to operate far from their home shores, as well as a trial balloon to gauge the reactions of their increasingly more nervous neighbors.

What made this flyover different, is that usually following a formal protest by the “offended” country, Beijing would take note and issue a token statement of its own, “neither admitting nor denying” guilt, but certainly without assurances of further transgressions. But not this time. On Friday the Chinese defense ministry said it was “legal and proper” for its military aircraft to operate in the airspace and that it would continue to organize regular training exercises according to “mission requirements.”

…click on the above link to read the rest of the article…

China Mocks G7 As “Gathering Of Debtors”, Warns “Confrontation Will Be A Disaster For Europe”

June 16, 2015

China Mocks G7 As “Gathering Of Debtors”, Warns “Confrontation Will Be A Disaster For Europe”

Vladimir Putin didn’t get an invite to the Angela Merkel-hosted G7 Summit in Bavaria last week, which means the Russian President not only missed out on two days at the scenic Castle Elmau, but also on lederhosen shopping with US President Barack Obama who, judging from eyewitness accounts and a variety of amusing photo ops, channeled his inner Clark Griswold upon touching down in the Bavarian town of Krun. The G7 isn’t pleased with Russia’s ‘behavior’ in Eastern Europe and so, Moscow has been expelled from the cool kids club until such a time as the Kremlin agrees to uphold Western democratic values.

(Obama in Krun)

But the G7 is an equal opportunity exclusionist which means it’s not just former superpowers that aren’t welcome, but rising superpowers as well, which means you won’t be seeing Xi Jinping at the table either.

But “Big Uncle Xi” (as he is affectionately known in China) likely isn’t losing any sleep because in the eyes of Beijing, the G7 — much like the IMF and the ADB — is a relic of a global economic and political order that is well on its way to obsolescence if it isn’t there already.

(Xi Jinping; illustration: The New Yorker)

The Global Times (which, it should be noted, is owned by the ruling Communist Party’s official newspaper, the People’s Daily) has more on why the G7 is largely irrelevant in the modern world.

Via The Global Times:

The G7 summit concluded in Germany last week. Chinese scholars and media barely showed any interest to this outdated informal institution, except for a Declaration on Maritime Security issued by G7 foreign ministers. The declaration expressed their concerns on “unilateral actions” in the South China Sea, with China as the obvious target.

Judging from the agenda and outcomes of this year’s G7 summit, it has run counter to the global trend of peace, development and cooperation and become mere of a geopolitical tool.

…click on the above link to read the rest of the article…

Tag Archives: global times

Content

Post categories

Economic Links

Energy/Resource Links

Environmental Links

Geopolitical Links

Liberty Links

News Links

Other Links

Survival Skills

Post Archives by Category

Latest Posts