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Keyword: china

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  • Volatile Dow sheds nearly 500 points - Economic indicators suggest 'more to come'

    09/01/2015 9:39:23 PM PDT · by Perseverando · 8 replies
    WND ^ | September 1, 2015 | Jerome Corsi
    NEW YORK – On Tuesday, the Dow Jones Industrial Average resumed posting losses in the hundreds of points, dropping briefly in late afternoon trading under the threshold 16,000 level. The Dow closed at 16,058.35, having rebounded from market lows, but still 469.68 points down. Canada announced Tuesday the Canadian economy shrank at an annual rate of 0.5 percent in the second quarter, following a 0.8 percent decline in the first three months of the year, qualifying as a recession. Meanwhile, China’s official manufacturing purchasing-managers index fell to 49.7 in August from 50 in July, marking its lowest level since August...
  • N. Korea: Truth behind Kim's pass on China trip revealed

    09/01/2015 2:56:41 AM PDT · by TigerLikesRooster · 7 replies
    Daily NK ^ | 2015-09-01 | Choi Song Min
    Truth behind Kim's pass on China trip revealed Choi Song Min | 2015-09-01 17:38 North Korea’s Kim Jong Un is said to have backed out of attending a massive military parade in China, which will celebrate the country’s 70th anniversary victory in World War II, after Beijing refused to receive the leader with ‘highest respects’. Pyongyang specifically requested that Kim stand side by side with President Xi Jinping up on the official balcony overlooking Tiananmen Square but was turned down, Daily NK has learned. “Talk of the massive military parade in China and V-day celebrations that fall on the 3rd...
  • China explosion: City of Dongying rocked as huge blast rips through chemical factory (Again!)

    08/31/2015 9:33:37 PM PDT · by Company Man · 25 replies
    UK Mirror ^ | 8/31/2015 | Alex Wellman
    The massive blast was heard and seen from a great distance - just a fortnight after a different blast killed more than 100
  • Jeb Bush On The Attack, Claims There’s A Big Problem With Trump’s Wall Idea

    08/31/2015 7:10:17 PM PDT · by Helicondelta · 92 replies
    bizpacreview.com ^ | August 31, 2015 | Tom Tillison
    A large part of Republican presidential front-runner Donald Trump’s stance on immigration involves building a wall along the southern U.S. border — a wall the real estate tycoon insists will be paid for by Mexico. But not so fast says GOP rival Jeb Bush. The former governor of Florida said over the weekend Trump is promising to build “a wall that can’t be built,” the Washington Examiner reported. It’s a determination Bush said he made after talking to mayors and law enforcement on the Texas-Mexico border, who he said told him a wall can’t be built because of the rugged...
  • China explosion: City of Shandong rocked as huge blast rips through chemical factory

    08/31/2015 12:38:31 PM PDT · by Kartographer · 101 replies
    The Mirror ^ | 8/31/15 | Alex Wellman
    A massive explosion has ripped through a region in China. Bright flames and black smoke were seen from what is thought to be a chemical factory this evening. The explosion was seen and heard in the industrial zone of Lijin, Dongying City of Shandong, just before 11.30pm local time. It is not yet known if there are any injuries or fatalities. The explosion was reported by the People's Daily newspaper - the Communist Party-owned publication. No further details have yet been released. The blast comes just a fortnight after another huge explosion in the country killed dozens and injured hundreds.
  • China Crisis: China GDP Numbers Don’t Add Up, And That's A Problem For Anyone Doing Business There

    08/31/2015 1:44:51 PM PDT · by SeekAndFind · 14 replies
    International Business Times ^ | 08/31/2015 | By Angelo Young
    China’s official government statistics often raise eyebrows, whether it’s the health of state-owned enterprises run by bureaucrats or national unemployment figures that ignore up to 300 million internal migrant workers. But as the world's second-largest economy slows and threatens to drag the rest of the world with it, Beijing’s official gross domestic product numbers are once again under scrutiny inside and outside the country. Chinese billionaire, real estate magnate and Communist Party member Wang Jianlin was the most recent critic to tell Beijing to get real about growth. Jianlin's holdings include a stake in Spanish football club Atlético Madrid and...
  • China explosion: City of Shandong rocked as huge blast rips through chemical factory

    08/31/2015 11:49:43 AM PDT · by rdl6989 · 62 replies
    mirror.co.uk ^ | August 31, 2015 | Alex Wellman
    A massive explosion has ripped through a region in China. (snip) The explosion was seen and heard in the industrial zone of Lijin, Dongying City of Shandong, just before 11.30pm local time.
  • Communists Swindled China’s Working Poor With Stock Propaganda

    08/31/2015 6:06:07 AM PDT · by E. Pluribus Unum · 10 replies
    Breitbart ^ | 08/31/2015 | John Hayward
    One of the important lessons to take away from China’s stock market crash is a lesson nobody on Earth should need repeated: communists lie. Collectivists of every stripe devoutly believe that lying to the people in order to maintain power and further their righteous agenda is not only acceptable, but required. Knowledge is dangerous. Who knows what the Little People might do, if they have too much of it? Better to give them the illusion of freedom, and manipulate their choices by controlling the flow of information.The Washington Post ran a heartbreaking story over the weekend about how China’s stock market crash wiped out small investors...
  • Hundreds arrested as Beijing launches stock market crackdown

    08/31/2015 3:04:01 AM PDT · by SkyPilot · 15 replies
    CNN Money ^ | 31 Aug 15 | CNN staff
    Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China's stock market turmoil and a recent, deadly chemical factory explosion in Tianjin. Among the arrested is Wang Xiaolu, a journalist for financial publication Caijing Magazine, "who has been placed under 'criminal compulsory measures' for suspected violations of colluding with others and fabricating and spreading fake information on securities and futures market," according to Chinese state media. Government officials have also been placed under arrest, including Liu Shufan, an official with the China Securities Regulatory Commission, who has been accused of bribery, fraud and completing under-the-table deals. At...
  • It looks like China is through propping up its stock market

    08/31/2015 1:40:56 AM PDT · by TigerLikesRooster · 25 replies
    Business Insider ^ | Aug. 31, 2015 | David Scutt
    It looks like China is through propping up its stock market David Scutt, Business Insider Australia China’s government, through financial intermediaries, was actively supporting the nation’s stock market through large-scale purchases late last week, but it’s unlikely to last. According to the Financial Times, the government has apparently abandoned plans to boost stocks through continued widespread buying, instead focusing its attention on punishing those suspected of destabilizing stocks in order to boost flagging investor confidence. “China’s leaders feel they mishandled the stock market rescue efforts by allowing too much information to become public” stated the FT, citing a leaked document...
  • How China used more cement in 3 years than the U.S. did in the entire 20th Century

    08/30/2015 7:11:45 PM PDT · by Lorianne · 44 replies
    Washington Post ^ | 24 March 2015 ??? | Ana Swanson
    How China used more cement in 3 years than the U.S. did in the entire 20th Century China used more cement between 2011 and 2013 than the U.S. used in the entire 20th Century. It’s a statistic so mind-blowing that it stunned Bill Gates and inspired haiku. But can it be true, and, if so, how? Yes, China’s economy has grown at an extraordinary rate, and it has more than four times as many people as the United States. But the 1900s were America’s great period of expansion, the century in which the U.S. built almost all of its roads...
  • How farmers from rural China bet on the stock market and lost

    08/30/2015 7:02:14 AM PDT · by SkyPilot · 18 replies
    The Washington Post ^ | 29 Aug 15 | Emily Rauhala
    Nobody has seen the village chief. Just months ago, his courtyard home at the edge of the orchard was a makeshift trading floor where local farmers gathered to share tips and track the Shanghai Composite. Now, the gates are closed, a security camera stands watch, and nobody wants to talk about the stock-trading local party secretary. “Out for the whole day,” ventured a neighbor. “Who?” said another. “Maybe he flew away in a plane,” joked a third. It is a scene playing out across China. This spring, the country was gripped by stock fever, a frenzy of borrowing and...
  • The Chinese super-rich are about to flood the US real-estate market

    08/30/2015 6:58:19 AM PDT · by SeekAndFind · 53 replies
    Business Insider ^ | 08/30/2015 | Lucinda Shen
    After yet another drop in the Shanghai stock market and Hang Seng index on August 6, Daniel Chang heard his cell phone ping. The real-estate agent was on a business trip in Shanghai, and he was mid-bite during a dinner when he saw his phone light up from a message on his app, WeChat. It was a Chinese client concerned over a $6 million property she was about to buy in New York City. She was visiting New York at the time. "I don't know if I can do this," she told him over voicemail. "I might have to back...
  • Immigration shift shows India, China outpacing Mexico (AP context abuse)

    08/29/2015 6:55:59 PM PDT · by Olog-hai · 50 replies
    Associated Press ^ | Aug 29, 2015 6:03 PM EDT | Jamie Stengle
    Siddharth Jaganath wanted to return to India after earning his master’s degree at Texas’ Southern Methodist University. Instead, he built a new life in the U.S. over a decade, becoming a manager at a communications technology company and starting a family in the Dallas suburb of Plano. “You start growing your roots and eventually end up staying here,” the 37-year-old said. His path is an increasingly common one: Immigrants from China and India, many with student or work visas, have overtaken Mexicans as the largest groups coming into the U.S., according to U.S. Census Bureau research released in May. The...
  • [from August 2011] The China Threat That Isn't (Why China is NOT a threat to our manufacturing indus

    08/28/2015 5:32:52 PM PDT · by SeekAndFind · 42 replies
    Scott Lincicome ^ | 8/10/2011
    <p>There are few things these days on which both Main Street and Capitol Hill agree, but one of them is undoubtedly the idea that a flood of artificially cheap Chinese imports is bludgeoning the American economy and propelling China to the top of the global food chain, and that our elected officials must "get tough" on the Great Red Menace in order to stop the bleeding.</p>
  • Video: Sinkhole Swallows Five Pedestrians

    08/28/2015 3:25:43 PM PDT · by nickcarraway · 17 replies
    Emirates 24/7 ^ | Thursday, August 27, 2015
    Footage shows pedestrians walking on the pavement when it suddenly gave inA sinkhole in a northeastern Chinese city has swallowed five people in dramatic scenes that were captured on video. A provincial broadcaster says four people were injured in the Saturday incident in the provincial capital of Harbin.
  • China's workers abandon the city as Beijing faces an economic storm

    08/28/2015 11:36:02 AM PDT · by Lorianne · 11 replies
    Guardian UK ^ | 26 August 2015 | Tom Phillips
    Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future. On Thursday she will board a bus with her two young children and abandon her adopted home. “There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family. “My husband will stick around a bit longer to see if there is any more work to be found. I’m taking the kids.” “The...
  • The Great Fall of China

    08/28/2015 6:44:22 AM PDT · by TigerLikesRooster · 5 replies
    Economist ^ | Aug 29th 2015
    The Great Fall of China Fear about China’s economy can be overdone. But investors are right to be nervous Aug 29th 2015 | From the print edition ONCE the soundtrack to a financial meltdown was the yelling of traders on the floor of a financial exchange. Now it is more likely to be the wordless hum of servers in data centres, as algorithms try to match buyers with sellers. But every big sell-off is gripped by the same rampant, visceral fear. The urge to sell overwhelms the advice to stand firm. Stomachs are churning again after China’s stockmarket endured its...
  • Chinese 'Unicorn Woman' Grows Gigantic Horn In Middle Of Her Head

    08/28/2015 5:51:37 AM PDT · by ETL · 36 replies
    Yahoo News ^ | Aug 27, 2015
    An elderly Chinese villager has been dubbed “the unicorn woman” due to an abnormal growth on her head that looks like a large horn, it’s reported. Liang Xiuzhen started growing something that resembled a “black mole” on her head around eight years ago, according to her son Wang Chaojun. The 87-year-old, from Guiyan village in Ziyang City, Sichuan Province, was left stunned when two years ago it gave way to a finger-sized horn-like mass. Xiuzhen accidentally “broke” that small horn in February - and her current, much larger, horn - which is currently 13cm [5-1/8 in] long -began growing rapidly...
  • Chinese Oil Companies Brace for Turbulent Second Half

    08/28/2015 4:54:12 AM PDT · by thackney · 4 replies
    Wall Street Journal ^ | Aug. 26, 2015 | BRIAN SPEGELE
    Chinese oil companies say they are bracing for a turbulent second half and no relent of the low oil prices that have sent their earnings plunging. Amid weak global economic growth that is constraining demand for everything from oil to natural gas and iron ore, first-half results on Wednesday underscored the magnitude of a spending pullback by China’s oil majors. In releasing interim results, Chinese oil companies Cnooc Ltd. and Sinopec Corp. said they had little expectation for a sharp rebound in oil and natural gas prices. “There is little optimism in the world’s macro-economic environment,” Cnooc Chairman Yang Hua...
  • Dalai Lama's 'Middle Way Approach' Snubbed by Xi Jinping

    08/27/2015 11:22:57 PM PDT · by nickcarraway · 5 replies
    After the conclusion of the CPC Central Committee and State Council's 6th Forum on Tibetan Work, Chinese president Xi Jinping stated that the focus of policy towards Tibet should be centered on maintaining national integrity and unity among Chinese people, as well as ensuring the long-term peaceful governance of the region and to crackdown on separatism and maintain an unshakeable stance against the campaign of the Dalai Lama and his followers, according to Duowei News, a media outlet run by overseas Chinese. Xi also came up with a catchy 20-character summary of his Tibet policy which roughly translates as, "Rule...
  • Dow up as China admits propping up currency

    08/27/2015 5:52:47 PM PDT · by SkyPilot · 3 replies
    WND ^ | 27 Aug 15 | Jerome R. Corsi
    U.S. stocks rallied again Thursday, with the Dow Jones Industrial Average closing at 16,654.77, up 369.26 points, as the Chinese government admitted intervening in foreign currency markets to prop up the value of the yuan. The communist government also admitted simultaneously intervening in the Chinese stock market to halt further declines. The average investor got a second breather this week as the Dow gained back Wednesday and Thursday the 1,000 points lost in opening trading Monday in a roller-coaster market that shows no signs of stabilizing. Market Watch reported the Treasury market, a comfortable haven for many nervous investors,...
  • President Xi just changed the rules of the game in China — Makes things scarier for everyone

    08/27/2015 2:35:57 PM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 08/27/2015 | Linette Lopez
    The rules of engagement have changed in China. There was a time when loyalty to the party, and loyalty to President Xi Jinping, meant the government left you alone. But there is now a crisis on, and even those who thought they might be safe from the president's ongoing crackdown on corruption need to watch their backs. Someone has to take the fall for a crashing stock market, a slowing economy, and the 145 people killed as a result of an industrial accident in Tianjin earlier this month. And it's not going to be President Xi Jinping. On Thursday the...
  • Chinese Medicine Not Impressing Dr Copper

    08/27/2015 10:57:54 AM PDT · by blam · 4 replies
    Market Oracle ^ | 8-27-2015 | Dan_Norcini
    August 27, 2015 Dan_Norcini Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements. The red metal cannot sustain any upside action for long before sellers emerge to whack it again. This is number one of my THREE BIG C’s, Copper, Crude oil and Cotton. So what exactly are the other two C’s telling us? (snip)
  • The China Syndrome: 10% annual growth rate is one of the great frauds in global economic history

    08/27/2015 7:07:41 AM PDT · by SeekAndFind · 15 replies
    American Thinker ^ | 08/27/2015 | Greg Lewis
    The ongoing stock market meltdown is just the tip of the iceberg that is the dangerously precarious China economy. The back story -- the extraordinary market manipulation that has allowed the global economy to come to this potentially disastrous pass -- is what few commentators have yet spelled out. Here are some particulars. Most of the trillions of fiat dollars the Federal Reserve Bank has pumped into the U.S. economy as part of its Quantitative Easing (QE) strategy since 2009 have gone directly into the stock market, inflating the value of stocks to unsustainable levels. The Shiller Price/Earnings Ratio has...
  • CNN Tells Americans That The Stock Market Is Not Going To Crash

    08/26/2015 4:45:15 PM PDT · by SkyPilot · 26 replies
    The Economic Collapse ^ | 26 Aug 15 | Michael Snyder
    On Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever. That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis. This is a perfect example of what I wrote about yesterday. Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum. Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market....
  • It's The Final Meltdown...(economic collapse)

    08/26/2015 12:33:19 PM PDT · by SatinDoll · 20 replies
    The Market-Ticker ^ | August 28, 2015 | Karl Denninger
    Oh yes, remember the banks cleaned up their balance sheets and closed all those pesky derivative trades.... Right? "NEW YORK – This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished." “We saw strange things in the data,” said Chris Barnes, a former swaps trader now with ClarusFT, a London-based data firm." Except.... they didn't vanish. They went overseas, but are still there. Just remember, it was CDS and IR products that blew up the world last time, and you...
  • U.S. Stock Markets Close Up Sharply as Global Indexes Show Signs of Stability

    08/26/2015 1:09:51 PM PDT · by sparklite2 · 26 replies
    NY Times ^ | 8/26/2015 | NYT
    The Standard & Poor’s 500-stock index and the Dow Jones industrial average closed up nearly 4 percent, with the Dow gaining more than 600 points.
  • STOCKS GO NUTS, DOW GAINS 620

    08/26/2015 1:29:03 PM PDT · by blam · 61 replies
    BI ^ | 8-26-2015 | Myles Udland
    Myles Udland August 26, 2015The rally stuck. After markets surged early on Wednesday, the market started to give up its gains and a replay of Tuesday's action — when the Dow gained more than 400 points but closed down 200 — seemed in the cards. But in the final hour of trading stocks rocketed higher, finishing near their highest levels of the day. On a points basis, this was third-largest daily gain for the Dow ever, while the S&P 500 had its best day since November 2011. But the main story of markets in recent weeks — which is that...
  • Forget About The Market For A Second, And Remember The US Economy Is Kicking Butt

    08/26/2015 7:37:34 AM PDT · by blam · 37 replies
    BI ^ | 8-26-2015 | Bob Bryan
    Bob BryanAugust 26, 2015The stock market has been on a wild ride the past few days, but if you look beyond that, the US economy is doing just fine. There are numerous explanations for the sell-off in the markets, but none of them are because of the American economy. Unemployment is still down around its pre-recession levels, the housing market is still improving with more being built and increasing values, consumer confidence is very healthy, and gross domestic product is still growing. None of that has changed. In trying to explain the chaos, most analysts have noted that, for the...
  • US Federal Reserve still expected to raise interest rates

    08/26/2015 5:12:03 AM PDT · by expat_panama · 48 replies
    The Irish Times ^ | Wed, Aug 26, 2015 | Simon Carswell
    China’s stuttering economy might come more strongly into view from the Rocky Mountains at this week’s Jackson Hole meeting of central bankers following the chaos in the stock markets. Many economists still expect the Federal Reserve to stay the course and start raising interest rates this year. Despite the wild see-sawing of US stocks after China’s “Black Monday” meltdown, the bet is on the central bank to move soon and start weaning the US off rates that have stayed near zero since 2008. The annual policy conference in the Grand Teton National Park in Wyoming, starting onon Thursday, has traditionally...
  • Markets Are Surging

    08/26/2015 5:53:35 AM PDT · by blam · 20 replies
    BI ^ | Myles Udland
    Myles Udland August 26, 2015 For the second day in a row, US stock futures are surging. Near 7:15 a.m. ET, Dow futures were up 300 points, S&P 500 futures were up 39 points, and Nasdaq futures were up 84 points. Wednesday morning's rally in US futures follows an ugly day on Tuesday, which saw stocks rally sharply early in the day before a huge sell-off in the final hour of trading. All told, the Dow fell more than 600 points from its peak on Tuesday to the market close. On Tuesday, all three major US indexes closed in the...
  • Get a grip! The markets are a little nutso. Don’t you go there, too

    08/26/2015 5:33:24 AM PDT · by SeekAndFind · 6 replies
    Washington Post ^ | 08/26/2015 | Allan Sloan
    If you want to understand what’s going on in the stock market and what you should do with your own investments, don’t assume the past three trading days have been rational. And don’t talk about a market “correction.” Doing that will rot your brain. And don’t panic. Although this is an ugly market, this isn’t anything like the 2008-09 meltdown that wiped out millions of homeowners’ equity and put the world’s financial markets at risk. This is a stock market decline that, as we’ll see in a bit, has a serious impact on only a relatively small number of Americans....
  • China Stocks Are Higher

    08/26/2015 9:04:26 PM PDT · by blam · 15 replies
    BI ^ | 8-26-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015Chinese stocks have finished Thursday’s morning session sharply higher. At the mid-session the benchmark Shanghai Composite index is up by 1.55% following three days of savage losses. Despite the gain, the index is still down 15.26% for the week. All sectors are currently trading higher with industrials, up 2.8%, topping the list. (snip)
  • Birth tourism from China to the U.S. actually is a problem [Jeb Bush was right]

    08/26/2015 6:07:48 AM PDT · by SeekAndFind · 16 replies
    Hotair ^ | 08/26/2015 | Taylor Millard
    Jeb Bush is getting some heat for a comment he made in South Texas where he said his use of the term “anchor babies” didn’t involve Central Americans, but Asians. He’s actually right (and this is one of the few times I’ll write this). Here’s his comment: As I said in Spanish. My background, my life, the fact that I’m immersed in the immigrant experience. This is…this is ludicrous for the Clinton campaign and others to suggest that somehow, somehow, I’m using a derogatory term. What I was talking about was the specific case of fraud being committed where...
  • The Oldest Fallacy in Economics: Donald Trump and Bernie Sanders have fallen for it

    08/26/2015 5:29:57 AM PDT · by SeekAndFind · 66 replies
    Foundation for Economic Education ^ | 08/25/2015 | DONALD J. BOUDREAUX
    The quote of the day comes from pages 476-477 of the 5th edition (2015) of Thomas Sowell’s Basic Economics:At one time, it was believed that importing more than was exported impoverished a nation because the difference between import and exports had to be paid in gold, and the loss of gold was seen as a loss of national wealth. However, as early as 1776, Adam Smith’s classic The Wealth of Nations argued that the real wealth of a nation consists of its goods and services, not its gold supply.\ Too many people have yet to grasp the full implications of...
  • China's Rate Cut Failed To End The Market Chaos

    08/26/2015 4:16:06 AM PDT · by blam · 9 replies
    BI ^ | 8-26-2015 | David Scutt
    David Scutt, Business Insider Australia August 26, 2015Despite further monetary policy easing from the People's Bank of China and restrictions on some forms of futures trading, Chinese stocks fell yet again on Wednesday. Whatever word you choose to describe it — chaotic, wild, skittish, or others — the movements during the session were ridiculously rapid. Stocks opened higher, then tanked, then roared higher again before sliding into the close. It's truly head-spinning stuff, but increasingly familiar for those who have been watching closely. (snip)
  • Desperate Russia opens doors for foreign militaries

    08/26/2015 12:11:35 AM PDT · by sukhoi-30mki · 1 replies
    Business Standard ^ | August 26, 2015 | Ajai Shukla
    Russian President Vladimir Putin's foreign policy stance has invited damaging economic sanctions from the US and the European Union. These have squeezed the important sectors that earn most of Russia's money -- oil, banking services and defence exports. Battering the Russian economy further are plummeting oil prices, which are blocking Putin's 2010 pledge to spend some 20 trillion roubles -- about $650 billion then -- to revamp his ageing arsenal. After years of defence spending increases, Russia's 2015 budget has hit a roadwall. Moscow has scaled back plans for buying 500 warplanes from 2011-2016, as well as the new Armata...
  • Possible Troop Movements in China?

    08/25/2015 12:34:19 PM PDT · by RinaseaofDs · 62 replies
    http://www.foxbusiness.com ^ | 8/25/2015 | RinaseaofDs
    Watching the end of the trading day on Fox Biz when the market dropped from 300 to 103 in two minutes. Trader told Liz Claman that the rumor is going around the trading floor that there may be a coup underway in China, and troop movements are being reported in Beijing. It was funny watching a trader hand news to a journalist. Claman was caught flat-footed. Fox hasn't done anything about the rumor in the five minutes it was reported. Nothing on Drudge about China yet.
  • Behind China's crisis, consumers driven underground – literally

    08/25/2015 10:03:05 AM PDT · by Zhang Fei · 14 replies
    Globe and Mail ^ | Friday, Aug. 21, 2015 5:21PM EDT | Doug Saunders
    When 16-year-old Xie Junwen comes home from school, he steps off the bus in an industrial corner of southern Beijing, walks through the dilapidated courtyard of an apartment building, steps around the entrance, into a murky-smelling corner, and makes his way through a narrow alley that leads to an unlit service staircase. He follows this staircase down, and down, and down. There, four metres below the surface, is a warren of small rooms joined by a labyrinth of hallways. I step into Junwen’s. It’s the size of a typical 16-year-old’s bedroom in the West: nine by 16 feet. Bare fluorescent...
  • Wall Street set to bounce after historic selloff

    08/25/2015 6:15:14 AM PDT · by expat_panama · 52 replies
    Yahoo Finance ^ | Aug 25, 2015 | Jenny Cosgrave
    U.S. stock index futures pointed to a sharply higher open on Tuesday, recovering from the plunge seen in global stocks on Monday as mayhem in Chinese markets and interest rate fears dominated markets. Dow futures were up around 450 points in premarket trading, implying a 320 point bounce at the open and shrugging off deeper selling in China. Equity markets in China fell further in the final hour of trading on Tuesday, with the Shanghai Composite (Shanghai Stock Exchange: .SSEC) settling below the key 3,000 mark, to end the day down 7.6 percent. Read More More selling may be ahead,...
  • VIDEO: Chinese Wing Loong UAV carries out weapon drops

    08/25/2015 2:46:35 AM PDT · by sukhoi-30mki · 5 replies
    Flightglobal.com ^ | August 24, 2015 | BETH STEVENSON
    The state-owned China Central Television (CCTV) news channel has released a previously unseen video of Beijing’s AVIC Wing Loong unmanned air vehicle carrying out weapons testing. Conducted in the autonomous region of Inner Mongolia in northern China in July, the testing saw the UAV fire eight weapon types at targets to show the flexibility of the system, AVIC says. “[UAVs] that can both reconnoitre and attack have to function like this. It is unknown what kinds of targets are on the ground,” Li Yidong, deputy chief engineer of Wing Loong at AVIC’s Chengdu Engines, told CCTV. “You cannot use just...
  • When India sought covert United States help to tackle the ‘triple squeeze’ of 1965

    08/25/2015 2:37:02 AM PDT · by sukhoi-30mki · 4 replies
    The Indian Express ^ | August 25, 2015 | Sushant Singh
    At the peak of the 1965 war with Pakistan, India had asked the United States to covertly provide experts to work with Indian military officials to tackle the Chinese threat. This request was made to the US Embassy in Delhi by L K Jha, principal secretary to prime minister Lal Bahadur Shastri, on September 18, 1965, after India detected Chinese movements in battalion strength on the eastern border of Ladakh and in Chumbi Valley. Worried by indications that China was getting ready for military action against India to relieve the pressure on Pakistan, Jha stressed to the embassy that providing...
  • Shanghai Comp skids 7.63% to end at 8-month low

    08/25/2015 12:30:49 AM PDT · by TigerLikesRooster · 9 replies
    CNBC ^ | Aug. 25, 2015 | See Kit Tang
    Shanghai Comp skids 7.63% to end at 8-month low See Kit Tang | @SeeKit_T The mayhem in Chinese equity markets showed no signs of abating on Tuesday, with the benchmark Shanghai Composite index accelerating its downfall in the final hour of trading to settle below the key 3,000 mark. Japan's Nikkei 225 index was the second-biggest laggard in the region, closing down 4 percent, after turning negative in the afternoon trading session. Earlier in the session, the Tokyo bourse had staged a comeback, alongside most of the other regional stock indices, on the back of bargain hunting in beaten-down stocks...
  • Walker calls on Obama to cancel Chinese state visit

    08/24/2015 10:55:24 PM PDT · by Cincinatus' Wife · 44 replies
    The Hill ^ | August 24, 2015 | Katie Bo Williams
    Wisconsin Gov. Scott Walker, a GOP presidential contender, is calling on President Obama to cancel the upcoming state visit by Chinese President Xi Jinping. “Americans are struggling to cope with the fall in today's markets driven in part by China's slowing economy and the fact that they actively manipulate their economy," Walker said in a statement. “Rather than honoring Chinese President Xi Jinping with an official state visit next month, President Obama should focus on holding China accountable over its increasing attempts to undermine U.S. interests." His statement came on a turbulent day for markets after Chinese stocks tumbled, setting...
  • Donald Trump may be good news for India

    08/24/2015 9:05:16 PM PDT · by Jyotishi · 11 replies
    Niti Central, niticentral.com ^ | Tuesday, August 25, 2015 | Sitaramarao Yechuri
    There have been many news stories in recent days about Donald Trump's proposed policy on H1-B visas and how that would be bad for India. Trump has advocated raising the minimum wage for H1-B visas, lowering the H1-B visa cap and generally making H1-B visas more difficult to obtain. Trump points out that his competitor Florida Senator Marco Rubio has introduced a bill to triple the H-1B visas and Trump contends that this would lower the average wage because the H1-B workers are willing to work harder for a lower wage because they want to get a green card. News...
  • A 1,000-point Dow drop .... How an hour of panic unfolded as markets opened

    08/24/2015 8:39:34 PM PDT · by canuck_conservative · 107 replies
    National Post [Canada] / Bloomberg ^ | Monday August 24, 2015 | Lu Wang
  • Hero: Unable to carry on, woman chugs entire bottle of cognac at airport security

    08/24/2015 7:54:10 PM PDT · by Kaslin · 104 replies
    Hot Air.com ^ | August 24, 2015 | Guy Benson
    Consider this your evening palate cleanser, appropriately alcohol- and China-related in light of today’s drink-inducing rollercoaster ride on Wall Street. Sorry aspirants — this year’s Alcohol Olympics are over, and we have ourselves an undisputed gold medalist. Raise the flag and strike up the band: We’ve all been stopped at airport security with a forgotten bottle of water, which we can either toss away or drink quickly in front of airport security. But what happens if that liquid is not water, but an entire bottle of European cognac? For airline passenger Miss Zhao, there was only one solution: slam it...
  • China's stock markets opens sharply lower as rout shows no sign of let-up

    08/24/2015 6:54:40 PM PDT · by Pete from Shawnee Mission · 24 replies
    South China Morning Post ^ | Tuesday, 25 August, 2015, 9:18 pm EST | Enoch Yiu
    Shanghai shares crumbled from fresh selling on Tuesday as a rout shows no sign of slowing down in the market as investors flee the market. The Shanghai Composite Index opened at 3,004.13 point, down 6.41 per cent, or 205.87 points. The CSI300 index of Shanghai-Shenzhen large cap stocks opens at 3,070.01 , down 6.27 per cent or 205.52points. The Shenzhen Composite Index opens at 1,751.28, down 6.97 per cent or 131.18 points. The NASDAQ-style ChiNext Price Index dropped 6.94 per cent, or 149.30 points to open at 1,996.04..
  • BLACK MONDAY: The First Time EVER The Dow Has Dropped By More Than 500 Points 2 Consecutive Days

    08/24/2015 5:50:43 PM PDT · by SkyPilot · 84 replies
    The Economic Collapse ^ | 24 Aug 15 | Michael Snyder
    On Monday, the Dow Jones Industrial Average plummeted 588 points. It was the 8th worst single day stock market crash in U.S. history, and it was the first time that the Dow has ever fallen by more than 500 points on two consecutive days. But the amazing thing is that the Dow actually performed better than almost every other major global stock market on Monday. In the U.S., the S&P 500 and the Nasdaq both did worse than the Dow. In Europe, almost every major index performed significantly worse than the Dow. Over in Asia, Japanese stocks were down...