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Keyword: redchina

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  • A Chinese landing craft with 1,000 marines for Syria

    09/28/2015 6:15:25 PM PDT · by Enlightened1 · 61 replies
    Debkafile ^ | 09/06/15
    Western naval sources reported Friday that a Chinese landing craft, the Jinggangshan, with a 1,000-strong marine battalion had reached the Red Sea en route for the Mediterranean off Syria. According to DEBKAfile, Beijing has already deployed a number of warships opposite Syria in secret. If the latest report is confirmed, this will be the largest Chinese deployment in the Middle East in its naval history.
  • Merkel: UN Security Council needs reform

    09/27/2015 7:07:57 AM PDT · by Olog-hai · 6 replies ^ | 26 Sep 2015 19:45 GMT+02:00 | (AFP)
    German Chancellor Angela Merkel joined leaders from Brazil, India and Japan on Saturday to push for seats in a revamped UN Security Council that they said would do a better job of addressing global crises. Meeting on the sidelines of a UN development summit, the so-called G4 said they were “legitimate candidates” to become permanent Security Council members and backed each other’s candidacy. […] There have been mounting calls for changes to the powerful UN council, which has been deeply divided over how to address the war in Syria, now in its fifth year with more than 240,000 dead. …
  • China vows billions of development dollars, debt forgiveness

    09/26/2015 2:41:15 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Sep. 26, 2015 4:36 PM EDT | Cara Anna
    China’s president on Saturday pledged billions in aid and said Beijing will forgive debts due this year in an effort to help the world’s poorest nations, as world leaders begin to seek the trillions of dollars needed to help achieve sweeping new development goals. President Xi Jinping spoke at a global summit that on Friday launched the non-binding goals for the next 15 years. Xi and others spoke as the U.N. gathering began to shift focus from development to the high-powered General Assembly meeting that begins Monday with speeches by Xi, President Barack Obama, Russian President Vladimir Putin and Iranian...
  • Obama’s personal ties with Xi yield mixed policy results

    09/24/2015 7:18:26 PM PDT · by Olog-hai · 4 replies
    Associated Press ^ | Sep. 24, 2015 9:20 PM EDT | Julie Pace
    President Barack Obama has invested more time building personal ties with Chinese President Xi Jinping than with most other world leaders. But as Xi arrived in Washington late Thursday for a grand state visit, it’s clear that Obama’s overtures have produced decidedly mixed results. During intimate walks and hours of private discussion around the world, Obama and Xi forged a historic breakthrough to combat climate change and collaborated on efforts to curb Iran’s nuclear program. But there’s been little progress on a pair of vexing security issues that will be at the forefront of their latest round of discussions: China’s...
  • Lobster on menu again for Obama’s 2nd China state dinner

    09/24/2015 1:09:01 PM PDT · by Olog-hai · 49 replies
    Associated Press ^ | Sep 24, 2015 3:30 PM EDT | Darlene Superville and Stacy A. Anderson
    Plenty of things will be different at Friday’s White House state dinner for China, ranging from the setting to the decor to the post-dinner entertainment. But in trying to figure out what to change, the White House decided to keep one thing the same: Maine lobster is back on the menu. The lobster will be poached in butter and served with traditional rice noodle rolls embedded with spinach, shiitake mushrooms and leeks when President Barack Obama and his wife, Michelle, welcome Chinese President Xi Jinping and his wife, Peng Liyuan to dinner in the East Room with a few hundred...
  • Boeing near deal to open 737 delivery center in China

    09/12/2015 8:17:42 PM PDT · by BenLurkin · 17 replies
    Final assembly of the 737 airframes will remain in Renton, which employs about 12,000 people, about half of those production workers. However, those jets destined for Chinese carriers — between a quarter and a third of all 737s built — will be flown empty to a new Chinese facility for installation of interiors, exterior painting, customer flight tests and delivery, according to the person familiar with the plan. Such a deal would create Boeing’s most significant overseas commercial-aircraft venture, granting it new leverage in the world’s biggest aviation market. Though Boeing has long had an extensive global supply chain, this...
  • Why China Plans To Land On Far Side of Moon

    09/12/2015 11:38:43 AM PDT · by BenLurkin · 55 replies
    coasttocoastam ^ | Chris Orcutt
    China plans to send an unmanned lunar lander similar to previous probes but with a much heavier payload to the far side of the moon. Due to communications issues with the Moon itself blocking transmissions, China will undoubtedly launch a relay satellite in geo-synchronous lunar orbit to transmit data back, scientists say. The Chinese mission is set to determine how much of the rare element Helium -3, which exists in very small quantities on Earth, can be extracted from the purported rich deposits located on the moon's far side. H-3 is a light non-radioactive gas that has the potential to...
  • 21,995,000 to 12,329,000: Government Employees Outnumber Manufacturing Employees 1.8 to 1

    09/08/2015 11:33:46 AM PDT · by Hojczyk · 87 replies
    CNS ^ | September 8, 2015 | Terence P. Jeffrey
    Those employed by government in the United States in August of this year outnumbered those employed in the manufacturing sector by almost 1.8 to 1, according to data published by the Bureau of Labor Statistics. There were 21,995,000 employed by federal, state and local government in the United States in August, according to BLS. By contrast, there were only 12,329,000 employed in the manufacturing sector. The BLS has published seasonally-adjusted month-by-month employment numbers for both government and manufacturing going back to 1939. In the first 50 years of the 76-year span since then, manufacturing out-employed government. But in August 1989,...
  • Okamoto condoms: objects of desire for Chinese tourists in Japan

    09/04/2015 9:34:02 AM PDT · by BenLurkin · 12 replies
    cnbc ^ | Monday, 31 Aug 2015 | 9:24 PM ET | Leo Lewis
    Okamoto share price spike has been driven by China: specifically the 2.8 million Chinese that have visited Japan so far in 2015 and overtaken South Koreans and Taiwanese as the biggest contingent of inbound tourists. Chinese trust in domestic condom brands is low, and foreign brands, of which Okamoto is among the most famous, are faked on an immense scale. Buying the famous Okamoto 0.03 condoms (named for their thickness in millimetres) in Japan, say the Chinese shoppers who throng Tokyo's drug stores, guarantees they are getting the real thing. Chinese spending in Japan has been so lavish that a...
  • China shows military might in victory over Japan celebrations

    09/03/2015 11:41:41 AM PDT · by BenLurkin · 21 replies
    The massive parade through the heart of Beijing commemorated Japan's World War defeat seven decades ago. But the event also underlined President Xi Jinping's determination to make China the pre-eminent Asian power. Although Xi said the 2.3-million-member People's Liberation Army would be cut back to about 2 million, it will still remain the world's largest standing military and the reduction comes at a time when growing technological capabilities reduce the need for large numbers of troops. ... Of special interest was the appearance of the DF-21D anti-ship ballistic missile, potentially capable of sinking a US Nimitz-class aircraft carrier in a...
  • European Central Bank ready to give eurozone more stimulus

    09/03/2015 7:56:02 AM PDT · by Olog-hai
    Associated Press ^ | Sep 3, 2015 10:47 AM EDT | David McHugh and Pan Pylas
    The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Market volatility, concern over the effects of a looming interest rate increase in the U.S. and a drop oil prices have spawned uncertainty over the global economy, leading the ECB to cut its inflation and growth forecasts for the eurozone. Draghi said the ECB can add to its €1.1 trillion ($1.2 trillion) program if needed to raise inflation or support growth. […] The stimulus is intended to...
  • Is Fear of China Selling Treasurys Overdone?

    09/02/2015 7:04:46 AM PDT · by BenLurkin · 4 replies
    WSJ ^ | Min Zeng
    China is stirring up the U.S. Treasury market’s pot again. Early last week, sales from China were blamed by traders on why the rally in long-term Treasury debt was muted despite a sharp plunge in global stocks and crude oil prices. Tuesday, the movements in bond market prices again raised speculation that China was in the market selling bonds again to keep in check the bond market’s price strength. While the sales help explain why long-term U.S. bond yields have failed to drop sharply over the past few weeks, analysts and traders don’t expect yields to rise significantly. The bond...
  • 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...
  • North Korean Escapees Report Solid Support for Dictator Kim

    08/26/2015 12:21:09 AM PDT · by ScottWalkerForPresident2016 · 16 replies
    The Wall Street Journal ^ | 08/26/2015 | Jeyup S. Kwaak
    SEOUL—North Koreans who fled the country last year said in a new survey that public support for dictator Kim Jong Un appears solid despite citizens’ frustrations about the poor state of the economy. The survey suggests grass roots capitalism continues to spread in North Korea to substitute for the failed state distribution system and is likely to continue its uncomfortable coexistence with the nation’s repressive regime. The Seoul National University Institute for Peace and Unification Studies each year surveys more than 100 North Koreans who defected in the previous calendar year. It provides firsthand insight into developments in the isolated...
  • Iran in Talks with China to Build New Nuclear Sites

    08/25/2015 3:02:17 PM PDT · by Olog-hai · 3 replies
    INN ^ | 8/25/2015, 9:25 PM | (Arutz Sheva Staff)
    After announcing construction on two new nuclear facilities in a southeast region on the Indian Ocean late last month, Iran continues to seek new nuclear sites after the nuclear deal that was struck last month. Atomic Energy Organization of Iran (AEOI) deputy chief and spokesperson Behrouz Kamalvandi on Tuesday revealed that his organization is currently holding negotiations with China to build several additional nuclear reactors, reports the semi-official Fars News Agency. […] The nuclear deal, which China was a partner to, stipulates that Iran will not build any new uranium enrichment facilities for a period of 15 years. While Iran’s...
  • China Resumes Slide, Leading Asian Shares Lower

    08/18/2015 7:55:14 PM PDT · by BenLurkin · 4 replies
    Wall Street Journal ^ | Aug. 18, 2015 10:01 p.m. ET | Chao Deng
    <p>Concerns about the health of China’s economy kept pressure on Asian markets and commodities Wednesday, a day after stocks in Shanghai tumbled more than 6%.</p> <p>The Shanghai Composite Index opened 2.7% lower at 3646.80 and the smaller Shenzhen Composite fell 3.1% to 2107.65.</p>
  • China Economic Data Underwhelms Once Again

    08/12/2015 9:08:11 AM PDT · by BenLurkin · 7 replies ^ | Aug. 12, 2015 6:14 a.m. ET
    Growth in industrial production, fixed-asset investment and retail sales all slowed in July, China’s National Bureau of Statistics reported, just days after releasing data showing that exports fell sharply. Economists said the latest figures, along with a stated desire to make exchange rates more market driven, fueled Beijing’s surprise decision to let the yuan fall by 2.8% over Tuesday and Wednesday. “All the numbers are very weak,” “China’s hitting a bit of an air pocket.” ... “We believe new stimulus is being prepared to contain the rising downside risk in the real economy, which otherwise could turn into a hard...
  • China devaluation sparks fear of currency war, angers U.S. lawmakers

    08/11/2015 4:31:24 PM PDT · by BenLurkin · 12 replies
    Reuters ^ | Tue Aug 11, 2015 7:00pm EDT | Pete Sweeney and Lu Jianxin
    The devaluation was condemned by U.S. lawmakers from both parties as a grab for an unfair export advantage and could set the stage for testy talks when Chinese President Xi Jinping visits Washington next month given acrimony over issues ranging from cybersecurity to Beijing's territorial ambitions. China's central bank set its official guidance rate down nearly 2 percent to 6.2298 yuan per dollar on Tuesday - its lowest point in almost three years - in what it said was a change in methodology to make the currency more responsive to market forces. It was the biggest one-day fall since a...
  • War in Space May Be Closer Than Ever

    08/11/2015 10:34:52 AM PDT · by BenLurkin · 31 replies ^ | August 10, 2015 | Lee Billings |
    Low- and high-Earth orbits have become hotbeds of scientific and commercial activity, filled with hundreds upon hundreds of satellites from about 60 different nations. Despite their largely peaceful purposes, each and every satellite is at risk, in part because not all members of the growing club of military space powers are willing to play by the same rules—and they don’t have to, because the rules remain as yet unwritten. ...Satellites race through space at very high velocities, so the quickest, dirtiest way to kill one is to simply launch something into space to get in its way. Even the impact...
  • Opinion: Why China probably has a lot more gold than it admits

    08/05/2015 8:48:17 PM PDT · by TigerLikesRooster · 8 replies
    Market Watch ^ | July 20, 2015 | David Marsh
    Opinion: Why China probably has a lot more gold than it admits By David Marsh Published: July 20, 2015 11:48 a.m. ET Transparency on holdings linked to review by the IMF on joining the special drawing right China has lifted a veil over its gold holdings and confirmed its interest in providing more up-to-date reserves data by announcing a near 60% jump in its official bullion assets since 2009. /snip The PBoC said its gold reserves were 1,658 tons against 1,054 tons in April 2009, which was the last time China declared its gold holdings. In 2009 the reserves total...
  • Chinese Company Replaces Humans With Robots, Production Skyrockets, Mistakes Disappear

    08/01/2015 8:00:38 PM PDT · by SeekAndFind · 64 replies
    Zero Hedge ^ | 08/01/2015 | Tyler Durden
    "I believe that anyone who has a job and works full time, they should be able to pay the things that sustain life: food, shelter and clothing. I can't even do that."That rather depressing quote is from 61-year old Rebecca Cornick. She’s a grandmother and a 9-year Wendy’s veteran who spoke to CBS News. Rebecca makes $9 an hour and her plight is representative of fast food workers across the country who are campaigning for higher pay. The fast food worker pay debate is part of a larger discussion as "states and cities across the country [wrestle] with the idea of...
  • Obama Wants 5-Year Plan: ‘I Guarantee You This Is Not How China’ Handles Its Infrastructure

    08/01/2015 4:53:39 PM PDT · by Olog-hai · 64 replies
    Cybercast News Service ^ | August 1, 2015 | 3:07 PM EDT | ( Staff)
    When President Obama signed a law yesterday funding federal transportation projects for the next three months, he lamented that the United States did not have a five-year federal plan for transportation—and warned Congress that “big, powerful countries” like the Peoples Republic of China did not do it the way the U.S. is doing it now. “I guarantee you this is not how China, Germany, other countries around the world—other big, powerful countries around the world—handle their infrastructure,” Obama said. …
  • How A Chinese Farmer Lost More Than Everything Trading Stocks

    07/28/2015 7:40:29 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/28/2015 | Tyler Durden
    Last night, just six weeks after one Chinese farmer Liu Jianguo invested his life savings in the Chinese market, proclaiming "it's a lot easier making money from stocks than farm work," we wondered if it was time for a sequel: It's time for the sequel: how the Chinese farmer bet on stocks and lost everything— zerohedge (@zerohedge) July 28, 2015 A few hours later we find out that it was because as CNBC reported in its sequel, another farmer has lost it all... and more. As CNBC's Eunice Yoon reports, just a few weeks after his glorious gamble...
  • [Red] China’s Market-Intervention Folly

    07/27/2015 5:36:52 PM PDT · by BenLurkin · 2 replies
    Wall Street Journal ^ | Burton G. Malkiel
    The biggest drop in Chinese stocks in eight years Monday is another sign that Beijing’s efforts to prop up prices have failed. Moreover, the interventions themselves have made China’s equity markets more volatile and damaged their credibility in the long run. To stabilize stock prices, Beijing has employed numerous techniques, including suspending trading for a time on well over half of listed A-shares. Short sales were banned, and major shareholders were prohibited from selling. New initial public offerings were disallowed. China needs more professional participants in its equities markets. But why should institutions buy when the government can control if...
  • [Red] China launches two satellites as it builds GPS rival

    07/27/2015 11:24:19 AM PDT · by BenLurkin · 4 replies ^ | Julhy 26, 2015
    The satellites are the 18th and 19th launched by China as it develops its domestic navigation system Beidou, or Compass. They take the total number launched this year to three. Beidou is currently centred on the Asia Pacific region but is slated to cover the whole world by 2020. "The successful launch marks another solid step in building Beidou into a navigation system with global coverage," the satellite launch centre was quoted by Xinhua as saying. Beidou—named after the Chinese term for the plough or Big Dipper constellation—was announced in 2012, joining the US's GPS, Russia's GLONASS and European Union's...
  • How Sony sanitized the new Adam Sandler movie to please Chinese censors

    07/24/2015 12:39:08 PM PDT · by BenLurkin · 16 replies ^ | July 24, 2015, 1:30 p.m. GMT | Baldwin and Kristina Cooke
    In a 2013 script for the movie “Pixels,” intergalactic aliens blast a hole in one of China’s national treasures – the Great Wall. That scene is gone from the final version of the sci-fi comedy, starring Adam Sandler and released by Sony Pictures Entertainment this week in the United States. The aliens strike iconic sites elsewhere, smashing the Taj Mahal in India, the Washington Monument and parts of Manhattan. Sony executives spared the Great Wall because they were anxious to get the movie approved for release in China, a review of internal Sony Pictures emails shows. It is just one...
  • China Commissions Second Advanced Destroyer

    07/24/2015 7:05:58 AM PDT · by pabianice · 6 replies
    USNI ^ | 7/24/15 | LaGrone
    China has commissioned its second Luyang III guided missile destroyer as part of the People’s Liberation Army Navy’s (PLAN) ongoing surface force expansion. The Type 052D Luyang III class guided missile destroyer Changsha (173) commissioned in the last several weeks according to images that have emerged on the Chinese language Internet and reported by Jane’s Defence Weekly. “Although launched only four months after first-of-class Kunming (172), it was commissioned 16 months later, suggesting an extensive program of trials,” wrote Jane’s. The 7,500 ton surface combatant is part of a planned class of ten ships that reflect trends in U.S. and...
  • Nuclear Arms Race: Saudi Source Reveals Plan for the Bomb

    07/21/2015 11:29:35 AM PDT · by ScaniaBoy · 19 replies
    Arutz Sheva ^ | 21 July 2015 | Ari Yashar
    Head of state-affiliated Saudi TV channel reveals Saudi Arabia will 'seriously try to get' nuclear weapons following Iran deal. While US President Barack Obama claimed he prevented a nuclear arms race in the Middle East when he presented the Iran deal last Tuesday, a key source in Saudi Arabia laid bare that claim by expressing the country's sense of urgency to acquire its own nuclear weapon. Jamal Khashoggi, head of the Saudi Al Arab news channel that is owned by a prince of the ruling Saudi royal family, and who previously was the media aide to Saudi Arabia's ambassador to...
  • UN Security Council unanimously approves Iran deal; EU Ministers Approve Pact Ahead of UN Vote

    07/20/2015 7:55:05 AM PDT · by SeekAndFind · 15 replies
    Times of Israel ^ | 07/20/2015 | BY MARISSA NEWMAN AND AP
    The UN Security Council on Monday unanimously adopted a resolution endorsing the Iran nuclear deal and paving the way to lifting longstanding sanctions on the Islamic Republic. The 15-0 approval of the Iran nuclear deal clears one of the largest hurdles for the landmark pact, which will now go before the US Congress where it may face an uphill battle for confirmation. The UN vote came shortly after the European Union approved the nuclear deal, okaying the pact between the five permanent members of the Security Council plus Germany and Iran that lifts punishing economic sanctions on Tehran in exchange...
  • China deports 20 foreigners for watching ‘terrorist’ videos

    07/18/2015 9:00:53 PM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jul 18, 2015 11:18 PM EDT
    China has deported 20 foreigners from Britain, South Africa and India for watching video clips that advocated terrorism and religious extremism, the official state media reported. Xinhua News Agency said late Saturday that the foreigners watched an unspecified documentary in a hotel room and later some of them watched video clips that advocated terrorism. Police also found similar clips on a cellphone belonging to one of the South Africans, Xinhua said. …
  • Japanese bills would expand military’s role

    07/14/2015 11:33:00 PM PDT · by Olog-hai · 13 replies
    Associated Press ^ | Jul. 15, 2015 1:57 AM EDT | Mari Yamaguchi
    A Japanese parliamentary committee approved legislation that would expand the role of Japan’s military Wednesday after Prime Minister Shinzo Abe’s ruling bloc forced the vote in the face of vocal protests from opposition lawmakers and citizens. Opposition lawmakers tried to stop the committee vote as hundreds of citizens protested outside. The unpopular legislation was crafted after Abe’s Cabinet adopted a new security policy last year that reinterpreted a part of Japan’s post-World War II constitution that only permitted the nation’s military to use force for its self-defense. The bills in question would allow Japan to also defend aggression against its...
  • Katherine Archuleta, Director of Office of Personnel Management, Resigns

    07/10/2015 9:49:44 AM PDT · by C19fan · 21 replies
    NY Times ^ | July 10, 2015 | Julie Hirschfield Davis
    Katherine Archuleta, the director of the Office of Personnel Management, will resign effective Friday, according to a White House official, one day after it was revealed that sweeping cyberintrusions at the agency resulted in the theft of the personal information of more than 22 million people. Ms. Archuleta went to the White House on Friday morning to personally inform Mr. Obama of her decision, saying that she felt new leadership was needed at the federal personnel agency to enable it to “move beyond the current challenges,” the official said. The president accepted her resignation.
  • Latin America’s Leftist Slide

    07/10/2015 7:16:09 AM PDT · by Sean_Anthony · 8 replies
    Canada Free Press ^ | 07/10/15 | Arnoild Ahlert
    Bad ideas take a long time to die Since the start of the 21st Century, the leftward lurch in Latin America has been unmistakable. By early 2008, the nations of Argentina, Bolivia, Brazil, Chile, Ecuador, Guatemala, Nicaragua, Paraguay, Uruguay, and Venezuela, and, to a certain extent, Mexico and Peru, have all embraced center-left political parties or movements. The reason for the tilt is a familiar one: the siren song of government-mandated wealth redistribution and increased levels of social spending have resonated with people with a long history of economic and development troubles. “I think it’s difficult for conservative candidates to...
  • Putin: Russia and China can overcome any difficulty together

    07/08/2015 12:40:06 PM PDT · by Olog-hai · 25 replies
    Associated Press ^ | Jul 8, 2015 2:14 PM EDT
    Welcoming China’s leader to two summits in a Russian city, President Vladimir Putin said Wednesday that Russia and China can overcome their countries’ difficulties by working together. Putin and Chinese President Xi Jinping both arrived Wednesday in the Russian city of Ufa for summits of the BRICS trade group and the Shanghai Cooperation Organization. The BRICS group also includes Brazil, India and South Africa, while the SCO, which also focuses on regional security and political issues as well as economics, includes the former Soviet Central Asian republics of Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan. Iran, India and Pakistan are observer SCO...
  • China to create $19B fund to support plunging stock market

    07/05/2015 3:20:44 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Jul 4, 2015 11:32 PM EDT
    More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the country’s free-falling stock market. The 28 companies, which had obtained permission from China’s securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would postpone them due to recent market fluctuations and refund money already paid, the official Xinhua News agency announced late Saturday. That followed reports that regulators were asking companies to postpone the IPOs. […] The Chinese stock market has been in free-fall for three weeks, losing 28 percent of...
  • Why Chinese stocks just took a massive nosedive

    06/26/2015 5:51:04 AM PDT · by BenLurkin · 12 replies
    Fortune ^ | June 26, 2015, 8:37 AM EDT | Stephen Gandel
    China’s Shanghai Composite index dropped 7.4% on Friday. That would be the equivalent of a more than 1,300-point drop in the Dow Jones industrial average. The Shenzhen Composite, which is dominated by tech stocks, ended trading down 7.9%. As always in market turns, it is unclear exactly what sparked the current sell-off. Some have pointed to the fact that regulators have recently been tightening rules on buying stocks with money borrowed from a broker, or “on margin.” Officials in China are particularly concerned about stock loans that have been coming from unregulated financial entities.
  • War ‘Inevitable’ Between US, China: Russian, Chinese Media

    06/25/2015 1:40:53 AM PDT · by Berlin_Freeper · 28 replies ^ | June 24 2015 | Sounak Mukhopadhyay
    Chinese and Russian media have started suggesting the possibility of a China-U.S. war. While the national news agency in China calls it “inevitable,” a Russian news agency listed a number of indications that it said “proved’ the two nations were heading toward a military conflict.
  • Biden Thanks China: ‘You’ve Awakened Us,’ We Were ‘Too Comfortable’

    06/23/2015 4:25:49 PM PDT · by Olog-hai · 20 replies
    MRC TV ^ | June 23, 2015 | Monica Sanchez
    During his opening remarks at the seventh U.S.-China Strategic and Economic Dialogue, Vice President Joe Biden said that China “awakened” an America that got “a little too comfortable in the last part of the 20th century.” […] “It awakened the competitive spirit that’s stamped into the DNA of every American, naturalized as well as native born,” he said. “A lot of them are Chinese, I might add.” […] “We do not fear China’s rise. We want to see China rise,” said Biden. “To continue to rise in a responsible way that will benefit you most, China, because you have an...
  • Biden: US, China must cooperate despite intense differences

    06/23/2015 9:56:42 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | Jun. 23, 2015 12:02 PM EDT | Matthew Pennington
    The U.S. and China will have intense disagreements, but the world is depending on the two powers to work together, Vice President Joe Biden said Tuesday, urging China to be a “responsible stakeholder” in international affairs. Biden was speaking at the start of the annual U.S.-China Security and Economic Dialogue, which takes place amid growing tensions over cybertheft and China’s island building in the South China Sea. Secretary of State John Kerry said he was looking forward to a “very frank” discussion on cybersecurity, Internet freedom, human rights and religious freedom. Chinese Vice Premier Wang Yang said neither China nor...
  • Did Hack Include Files of CIA and Military Personnel? OPM Director: ‘I Would be Glad to Discuss…’

    06/22/2015 11:11:29 AM PDT · by Olog-hai · 14 replies
    Cybercast News Service ^ | June 21, 2015 | 7:06 PM EDT | ( Staff)
    When Office of Personnel Management Director Katherine Archuleta testified in the House Oversight and Government Reform Committee last week she said that the personnel records of about 4.2 million current and former federal employees had been “compromised” by a “cyber intrusion” into the OPM’s computer systems. […] When Oversight Chairman Jason Chaffetz asked Archuleta whether this included the files on military and CIA personnel, Archuleta gave him an identical answer to each question. “I would be glad to discuss that in a classified setting,” she said. …
  • $50 billion canal in Nicaragua could allow Chinese submarines to cross from the Atlantic to…

    06/20/2015 9:27:08 PM PDT · by Olog-hai · 33 replies
    Daily Mail (UK) ^ | 13:15 EST, 19 June 2015 | James Dunn
    A $50 billion canal to be built by a Chinese tycoon in Nicaragua would be deep enough to allow submarines to pass through undetected. Billionaire Wang Jing has spearheaded what is one of the biggest engineering projects in the world and is three times the size of any other canal, yet shipping forecasters don’t anticipate a need for such a route in terms of trading. Many believe that Wang, who has not disclosed who his investors are, may be backed by the Chinese Government who hope to get a foothold in the continent where business has traditionally been dominated by...
  • China Bans Ramadan

    06/19/2015 11:22:56 AM PDT · by Olog-hai · 69 replies
    INN ^ | 6/19/2015, 5:38 PM | Hillel Fendel
    China has announced that fasting during the Muslim holy month of Ramadan will not be permitted in the largely-Muslim province of Xinjiang. This is not the first time such a ban has been imposed, but this year tensions are extra high because of recent attacks in the area carried out by Muslim extremists. With China’s leading role in world power-politics gradually mounting, decisions by the leaders of the giant country are of increasing interest to the rest of the world. China is the most populous country in the world and the 3rd largest in size. …
  • Hack the vote: Cyber experts say ballot machines easy targets

    06/11/2015 3:19:00 PM PDT · by Oldeconomybuyer · 9 replies
    FOX News ^ | June 11, 2015 | By Malia Zimmerman
    The recent cyber theft of millions of personnel records from the federal government was sophisticated and potentially crippling, but hackers with just rudimentary skills could easily do even more damage by targeting voting machines, according to security experts. In many cases, even the electronic ballots could be manipulated remotely, according to a new report. The report found that the AVS WINVote machines Virginia has used since 2002 have such flimsy security that an amateur hacker could change votes from outside a polling location. “This means anyone could have broken into the machines from the parking lot,” said Cris Thomas, a...
  • China to drop entry permit requirement for Taiwan residents

    06/14/2015 1:14:35 AM PDT · by Olog-hai · 5 replies
    Reuters ^ | Sun Jun 14, 2015 12:18am EDT | Paul Carsten
    China plans to drop the entry permit requirement for Taiwan residents visiting the mainland, the official Xinhua news agency cited a senior Chinese politician as saying on Sunday. Yu Zhengsheng, chairman of China’s National Committee of the Chinese People’s Political Consultative Conference, made the comments at an annual forum between the mainland and Taiwan, Xinhua said. The move is an inducement from China to Taiwan ahead of the island’s presidential election in January, offering to make life easier for the hundreds of thousands of Taiwanese who travel to the mainland for work or leisure every year. …
  • What’ll happen when China owns the U.S. and we’re the aliens?

    06/11/2015 8:49:43 AM PDT · by Oldpuppymax · 44 replies
    Coach is Right ^ | 6/11/15 | Suzanne Eovaldi
    The Obama administration is looking favorably at the plan by a Chinese economist to collateralize China’s enormous US debt with a huge swath of America’s Heartland which is, coincidentally, populated by a Conservative voting bloc. Our valuable real estate, infrastructure and profitable corporations, all in RED STATE territories, are now under the evil gaze of liberal operatives whose hatred for any and all things American is exceeded only by their greed and globalist nature. “Yu Qiao, a professor of economics in the School of Public Policy and Management at Tsighua University in Beijing proposed in 2009 the plan for the...
  • European businesses: China must better protect trade secrets

    06/09/2015 9:15:12 PM PDT · by Olog-hai · 8 replies
    Associated Press ^ | Jun 9, 2015 10:31 PM EDT | Ian Mader
    China needs to better protect trade secrets and fairly enforce business rules to ensure European investment and hiring at a time when Chinese leaders are trying to foster a more innovative economy, the biggest European business group in China said Wednesday. Optimism about continued profitability is waning and nearly a quarter of European companies doing business in China plan to cut staff, according to an annual survey by the European Chamber of Commerce. […] To ensure continued European participation during China’s economic slowdown and its “paradigm shift” toward more value-added industries, the government must more uniformly enforce business rules without...
  • Obama’s Response to Data Breach: ‘New Systems and New Infrastructure’

    06/08/2015 8:45:16 PM PDT · by Olog-hai · 29 replies
    Cybercast News Service ^ | June 8, 2015 | 11:00 AM EDT | Susan Jones
    “Part of the problem is that we’ve got very old systems,” President Obama said on Monday, in a response to a question about the recent hack attack on U.S. government computers. He said making U.S. cyberspace more secure is “going to be a big project,” requiring “new systems and new infrastructure.” The intrusion involving the Office of Personnel Management apparently compromised the personal, identifying information of four million current and former federal employees. […] Speaking at the conclusion of the G-7 summit in Germany on Monday, President Obama refused to say that China is responsible for the massive intrusion into...
  • China gets a new billionaire every week: Wealthy Chinese are getting even richer really fast.

    05/26/2015 10:03:17 PM PDT · by 2ndDivisionVet · 28 replies
    CNN Money ^ | May 26, 2015 | Sophia Yan
    A new billionaire was created almost every week in China in the first quarter of 2015, according to a report by UBS and PricewaterhouseCoopers. Wealth creation is booming for the Chinese -- supported by strong economic growth and robust capital markets -- and it's all happened in the last 15 years, said Francis Liu, a managing director at UBS Wealth Management. They're primarily pulling in the big bucks from real estate, technology, healthcare and other consumer industries, he said. In 2014, there were about 200 billionaires in China, versus 570 in the U.S., according to UBS. Chinese billionaires are also...
  • Chinese leader: Religions must be free of foreign influence

    05/20/2015 5:30:23 AM PDT · by Olog-hai · 35 replies
    Associated Press ^ | May 20, 2015 8:02 AM EDT
    President Xi Jinping has warned that religions in China must be independent from foreign influence as Beijing asks domestic religious groups to adapt to Chinese society and pledge loyalty to the state.China is ruled by the atheist Communist Party and Beijing tries to control a variety of religions and their spread. …
  • German firms eager to access Japan’s defense market

    05/14/2015 9:26:05 PM PDT · by Olog-hai · 12 replies
    Deutsche Welle ^ | 14.05.2015 | Julian Ryall
    Japan is hosting its first ever international defense industry trade exhibition and conference, further emphasizing the government’s sharp departure from a 70-year self-imposed ban on the export of defense-related equipment by Japanese firms as well as collaborations with foreign defense companies. […] Firms from the United States are much in evidence, inevitable given Japan’s close security alliance with its Pacific partner, but a number of German companies are testing the waters of a new and potentially lucrative market. […] Not all of Japan’s neighbors have welcomed what they claim is a return to the aggressive nationalism of the early decades...