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Keyword: china

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  • Xi Jinping ‘doesn’t intend to follow through’ on trade war talks and local Chinese officials are

    07/18/2018 8:38:24 PM PDT · by Zhang Fei · 11 replies
    South China Morning Post ^ | Wednesday, 18 July, 2018, 10:58pm | Robert Delaney
    US President Donald Trump’s top economic adviser blamed China’s President Xi Jinping for stalling talks that could end the US-China trade war, and referred to local Chinese government officials as “mafioso dons”, in an interview on Wednesday. Larry Kudlow, director of the National Economic Council, made his remarks weeks after the last round of high-level talks between Trump administration officials and Chinese Vice-Premier Liu He that were aimed at averting punitive tariffs that went into effect on July 6. “I do not think President Xi, at the moment, has any intention of following through on the discussions we made …...
  • Apple iCloud Data In China Now Stored By State-Owned Company

    07/18/2018 8:21:12 PM PDT · by Enlightened1 · 8 replies
    Mashable ^ | 07/18/18 | Matt Binder
    A state-owned telecommunications company in China now stores the iCloud data for Apple’s China-based users. This is really bad news for dissidents and critics of the government. Fast forward to today: China Telecom, a government owned telco, is taking over the iCloud data from Guizhou-Cloud Big Data. This essentially means that a state-owned firm now has access to all the iCloud data China-based users store, such as photos, notes, emails, and text messages. Chinese state-run media is heralding the move as a win for consumers, but Chinese citizens have been extremely condemnatory of the decision. On Weibo, China’s Twitter clone,...
  • Caught in China’s cash crunch: Private companies are collapsing into a black hole of shadowy debt

    07/18/2018 10:55:29 AM PDT · by SeekAndFind · 24 replies
    South China Morning Post ^ | 07/18/2018 | Sidney Leng
    High-profile businessman Zhou Jiancan was last seen at the five-star Shangyu International Hotel on January 30, where he had been countless times before to host conferences and entertain clients in the small city in eastern China. But on that afternoon, the 55-year-old head of private firm Zhejiang Jindun Holding Group was alone and climbed to a great enough height in the 30-storey building to leap to his death, according to a police report. Zhou was the embodiment of wealth and success in Shangyu and just days before had been in talks with people from Bangladesh about a multibillion-dollar project to...
  • Could China’s Next Target Be the U.S. Housing Market?

    07/18/2018 8:16:29 AM PDT · by SeekAndFind · 20 replies
    Barron's ^ | 07/18/2018 | By Randall W. Forsyth
    There’s a flip side to the U.S. trade deficit that President Donald Trump rails against—the flow of capital from abroad that covers that gap. It leaves the U.S. vulnerable to other kinds of retaliation. As the world’s biggest debtor, the U.S. depends on investors abroad to continue to invest in America. And among the biggest investors is the country that Trump is targeting for its big bilateral surplus with the U.S. and its alleged unfair trade practices: China. As the largest holder of U.S. Treasury securities, China helps fund both legs of the so-called twin deficits—the budget shortfall as well...
  • Trump is winning the trade war because China has more to lose

    07/18/2018 8:01:42 AM PDT · by GonzoII · 10 replies
    The Hill ^ | 07/17/18 02:30 PM EDT | By Liz Peek, opinion contributor
    Don’t look now, but there are numerous signs that President Trump is winning the trade war with China. While the battle over tariffs and protecting intellectual property may eventually damage the United States’ economy, there are signs that China is already paying a price for its refusal to bend to Trump’s demands. One indicator of that price is the sharp plunge in China’s stock exchanges. Since the White House announced the first tariffs — on washing machines and solar cells on Jan. 22 — the Shanghai Index of Chinese stocks is down nearly 20 percent, while the S&P 500 is...
  • In a first, Chinese-ruled Hong Kong moves to ban separatist group

    07/17/2018 11:09:21 PM PDT · by Olog-hai · 3 replies
    Reuters ^ | July 17, 2018 3:18 AM | Venus Wu
    Hong Kong on Tuesday kick-started a process which could lead to a ban on a group that promotes secession from China, the first time since the former British colony’s return to Chinese rule in 1997 it has sought to outlaw a political organization. The move against the Hong Kong National Party comes at a time authorities have ratcheted up pressure on young democracy activists, some of whom have been jailed, and denounced any pro-independence action as an illegal challenge to Communist Party rulers in Beijing. The Security Bureau wrote a letter to the founder of the party, Andy Chan, telling...
  • FBI: Lisa Page Dimes Out Top FBI Officials During Classified House Testimony...

    07/17/2018 7:16:51 PM PDT · by Beave Meister · 91 replies
    True Pundit ^ | 7/17/2018 | Investigative Bureau
    Former top FBI lawyer Lisa Page testified during two days of closed-door House hearings, revealing shocking new Intel against her old bosses at the Bureau, according the well-placed FBI sources. Alarming new details on allegations of a bureau-wide cover up. Or should we say another bureau-wide cover up. The embattled Page tossed James Comey, Andrew McCabe, Peter Strzok and Bill Priestap among others under the Congressional bus, alleging the upper echelon of the FBI concealed intelligence confirming Chinese state-backed ‘assets’ had illegally acquired former Secretary of State Hillary Clinton’s 30,000+ “missing” emails, federal sources said. The Russians didn’t do it....
  • House Testimony; Bureau Bosses Covered Up Evidence China Hacked Hillary’s Top Secret Emails

    07/17/2018 9:00:42 AM PDT · by bitt · 60 replies
    TRUEPUNDIT ^ | 7/17/2018 | ADMIN
    Former top FBI lawyer Lisa Page testified during two days of closed-door House hearings, revealing shocking new Intel against her old bosses at the Bureau, according the well-placed FBI sources. Alarming new details on allegations of a bureau-wide cover up. Or should we say another bureau-wide cover up. The embattled Page tossed James Comey, Andrew McCabe, Peter Strzok and Bill Priestap among others under the Congressional bus, alleging the upper echelon of the FBI concealed intelligence confirming Chinese state-backed ‘assets’ had illegally acquired former Secretary of State Hillary Clinton’s 30,000+ “missing” emails, federal sources said. The Russians didn’t do it....
  • Why a American Man should Leave America (If just for a bit…)

    07/17/2018 12:51:33 AM PDT · by vannrox · 50 replies
    metallicman ^ | June 2018 | Editorial staff
    ...snip... I will have to be honest, it wasn’t until after I left America that I really began to appreciate it. As well as get really angry as to what it has become. Here's just a few of the things that I have come to miss... The first day of hunting season. A big garden full of tomato plants, peppers and onions. Football on lazy Sunday afternoons. The local sports section in the newspaper with photos of friends, relatives, and their kids. Fishing brook trout. A compound bow. A Ruben sandwich with real coleslaw. Rummaging around in a auto junkyard...
  • China's Trade Surplus With the US hits record high

    07/16/2018 5:34:11 PM PDT · by cba123 · 4 replies
    Express Newsline ^ | 7/16/2018
    Mr Juncker was accompanied by the President of the European Council, Donald Tusk, who warned that worsening trade tensions could lead to conflict. Instead of working with us to address a common problem, some of our trading partners have elected to respond with retaliatory tariffs created to punish American workers, farmers and companies. "It is the common duty of Europe and China, but also America and Russian Federation, not to destroy (the global trade order) but to improve it, not to start trade wars which turned into hot conflicts so often in our history", EU Council President Donald Tusk said...
  • Report: China Considers Economic Incentives to Make Couples Have Children

    07/16/2018 12:56:17 PM PDT · by Morgana · 11 replies
    Breitbart ^ | July 16, 2018 | Frances Martel
    Chinese state media noted on Wednesday that at least one province in the country is considering offering financial rewards to couples to incentivize them to have children, following an unsuccessful campaign to increase the country’s birth rate that began with a loosening of the previous one-child policy. Under Communist Party leader Xi Jinping, Chinese couples were formally allowed to have up to two children per family in 2015. Yet birth rates, expected to skyrocket with that announcement, have remained mostly stagnant and threaten to decline. According to an article in the Communist Party’s People’s Daily newspaper this week, China could...
  • RP – a Chinese province? (Philippines)

    07/16/2018 12:31:50 PM PDT · by 2ndDivisionVet · 14 replies
    The Daily Guardian ^ | July 17, 2018 | Modesto P. Sa-onoy
    THE government is investigating the source of the tarpaulins that suddenly appeared in several places in Manila proclaiming the Philippines as a Province of China. I don’t think this is a prank but that there are sectors in this country that want to call attention to the possibility that at the rate the Duterte government is handling the West Philippine Sea and Scarborough Shoal issues, this country will truly become a province of China. The idea of the Philippines as a Chinese province should not be seen as an impossibility. Even now the Chinese government is already engaged in clear...
  • If Only Hillary Had Won . . .(flashback)

    07/16/2018 9:31:53 AM PDT · by bitt · 15 replies
    National Review ^ | 5/2/2018 | Victor Davis Hanson
    <p>Leakers and lawbreakers rewarded with Clinton-administration jobs — and the American public none the wiser about deep-state corruption T here are lots of possible counterfactuals to think about had Hillary Clinton won the presidency as all the experts had predicted.</p>
  • EU pushes China on trade, saying it could open up if it wanted

    07/16/2018 2:40:11 AM PDT · by cba123 · 8 replies
    Reuters ^ | 7/16/2018 | By Christian Shepherd and Michael Martina
    BEIJING (Reuters) - China could open its economy if it so wished, European Commission President Jean-Claude Juncker said on Monday, with the European Union calling on countries to avoid a trade war even as pressure mounts on Beijing over its industrial policies. Playing host to Juncker and European Council President Donald Tusk, Chinese Premier Li Keqiang stressed the need to uphold free trade and multilateralism as the United States and China become increasingly mired in a trade dispute, with no sign of negotiations on the horizon. U.S. President Donald Trump has warned he may ultimately impose tariffs on more than...
  • North Korea to grant special amnesty in August. Why?

    07/15/2018 7:24:00 PM PDT · by rdl6989 · 28 replies
    Korea Times ^ | July 16, 2018
    North Korea plans to implement a general amnesty next month before celebrating its 70th founding anniversary on Sept. 9, Pyongyang's media said Monday. The Korean Central News Agency (KCNA) said that amnesty will be granted to those who were convicted of crimes against the country and people on the occasion of the North's 70th founding anniversary. The amnesty will take effect on Aug. 1, the report said, noting the cabinet and relevant organs will take practical measures to help the released people settle down to a normal working life.
  • China’s economic growth cools amid trade tensions

    07/15/2018 9:10:45 PM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Jul. 15, 2018 10:43 PM EDT | Joe McDonald
    China’s economic growth slowed in the quarter ending in June, adding to challenges for Beijing amid a mounting tariff battle with Washington. The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday. Even before the dispute with Washington erupted, forecasters expected growth to cool after Beijing started tightening controls on bank lending last year to rein in surging debt. Economic activity is expected to decline further as global demand for Chinese exports weakens and lending controls weigh on construction and investment, major contributors to growth. Beijing has responded to previous downturns...
  • "I think the European Union is a foe," Trump says ahead of Putin meeting in Helsinki

    07/15/2018 1:39:12 PM PDT · by tcrlaf · 64 replies
    CBS News ^ | 7-15-2018 | CBS
    Coming off a contentious NATO summit and a trip to the U.K. in which he seemed to undercut the government of America's closest ally, President Trump took aim at another Western institution just days before his high-stakes meeting with Russian President Vladimir Putin. In an interview with "CBS Evening News" anchor Jeff Glor in Scotland on Saturday, President Trump named the European Union -- comprising some of America's oldest allies -- when asked to identify his "biggest foe globally right now." "Well, I think we have a lot of foes. I think the European Union is a foe, what they...
  • Trump, NATO, and the emerging multi-order world?

    07/14/2018 11:25:39 PM PDT · by CondoleezzaProtege · 14 replies
    Asia Times ^ | Jul 2018 | Christina Lin
    Charles Kupchan – professor at Georgetown University- argues that Trump’s “America First” is essentially the original pre-World War II/Pearl Harbor version of “American exceptionalism.” Kupchan discussed the metamorphosis of American exceptionalism from one of spreading democracy by example, to one of spreading democracy by intrusion and invasion. He argued that prior to World War II, American exceptionalism meant insulating the American experiment from foreign threats and international entanglement, spreading democracy by example, embracing protectionism and fair trade... Kupchan believes that the US should shift its role as the world’s policeman to one of an arbiter of great power peace, emphasizing...
  • Cramer: I think Trump is winning the China trade war, and the US stock market backs me up

    07/13/2018 9:05:22 AM PDT · by 11th_VA · 20 replies
    CNBC ^ | July 13, 2018 | Matthew J. Belvedere
    President Donald Trump is beating China in a trade war that could soon escalate, CNBC’s Jim Cramer said on Friday. “I think we're winning," the "Mad Money" host argued. "The market is saying we're winning.” On Tuesday, the White House released a list of 10 percent tariffs on $200 billion in Chinese goods, following through on Trump’s threat of additional punitive measures. Tariffs of that magnitude, which now undergo a two-month review, would basically equal all the goods the U.S. imports from China, which promised retaliatory action and pledged to lodge a complaint with the World Trade Organization. Cramer said...
  • China: US ‘selfish’ about intellectual property rights

    07/13/2018 6:48:23 PM PDT · by ameribbean expat · 43 replies
    President Trump’s administration has a “selfish” attitude toward intellectual property rights, a Chinese diplomat said Friday amid the White House's crackdown on IP theft. “No one has the monopoly over the application of IPR to promote social and economic development,” Chinese Foreign Ministry spokeswoman Hua Chunying told reporters. “Innovation and IPR shall be harnessed for the progress and benefit of all mankind, instead of being reduced to a tool used by the U.S. to suppress others' development and serve its selfish interests.”