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Keyword: china

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  • 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 · 18 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.”
  • Air China Will Fire Pilots Who Caused 25,000-Foot Drop by Smoking in Cockpit

    07/13/2018 11:18:22 AM PDT · by Simon Green · 27 replies
    The Points Guy ^ | 07/13/18
    The captain and first officer of an Air China 737 that plunged 25,000 feet after one of them starting vaping in the cockpit will be fired, the carrier said Friday. “After an investigation to verify the incident, the decision is to suspend the related crew from flying and terminate the contracts in accordance with the law,” Air China said in a statement. “The crew members who are responsible for the incident have been seriously dealt with.” The airline has asked the Chinese aviation authority to revoke the pilots’ flying licenses as well. Flight CA106 was about half an hour out...
  • Chinese hotel denies raising rates for Americans amid trade war

    07/13/2018 8:21:39 AM PDT · by cba123 · 11 replies
    Reuters ^ | 7/13/2018 | By Sue-Lin Wong
    SHENZHEN, China (Reuters) - A hotel in the southern Chinese city of Shenzhen on Friday denied a report that it would charge U.S. guests an extra 25 percent amid an escalating trade war between Washington and Beijing. However, three staff members who declined to be identified told Reuters that a discriminatory rate policy had indeed been posted at the hotel as of Thursday but had since been removed. The Global Times, a hawkish tabloid published by the ruling Communist Party's People's Daily, said in a report dated Thursday that the Modern Classic Hotel Group had put up a notice at...
  • US import prices unexpectedly drop in June

    07/13/2018 7:38:08 AM PDT · by GonzoII · 14 replies
    CNBC ^ | 2 hours ago | Terri Cullen
    U.S. import prices unexpectedly fell in June after rising sharply a month earlier. Import price fell 0.4 percent in the month. Import prices were forecast to rise 0.1 percent in June, after climbing 0.6 percent a month earlier. This is breaking news. Please check back for updates.
  • The U.S. is 'winning' the trade war, says Mohamed El-Erian

    07/13/2018 6:39:34 AM PDT · by GonzoII · 21 replies
    CNBC ^ | Published 7:29 AM ET Tue, 10 July 2018 | Kellie Ell
    •As trade tensions continue, Mohamad El-Erian, chief economic advisor at Allianz, says the U.S. "will win the trade war." •Investors have been on edge with some fearing that Trump has gone too far with his nontraditional negotiating tactics. •"One of the upside risks, is that you may end up changing, the global landscape in a way that favors the U.S.," he says. As trade tensions continue, Mohamed El-Erian told CNBC that the U.S. is winning the trade war. "In relative terms, we are winning and we will win the trade war," El-Erian, chief economic advisor at Allianz, said Monday on...
  • Chinese hotel bumps up rates for Americans by 25 per cent amid trade war (Shenzhen, China)

    07/13/2018 1:59:55 AM PDT · by cba123 · 54 replies
    Business Times ^ | Fri, Jul 13, 2018 - 3:44 PM
    [BEIJING] A hotel in the Chinese city of Shenzhen plans to charge its US guests an extra 25 per cent amid a trade war between Beijing and Washington, according to the Global Times, a tabloid published by the ruling Communist Party's People's Daily. The Modern Classic Hotel Group had put up a notice at its hotel informing guests of the extra charge on American guests, the paper said in a report dated Thursday. "We put up the notice last Friday. Our boss was really angry about the endless tariffs the US planned to impose on China, so we decided to...
  • China trade surplus with US widens unexpectedly (again)

    07/13/2018 12:34:43 AM PDT · by cba123 · 14 replies
    DW Deutsche Welle ^ | Today, one hour ago
    China's surplus with the United States has hit a fresh record, adding to the current trade conflict between the world's two largest economies. Beijing blamed the imbalance on structural problems in the US. Beijing announced Friday that China's surplus with the US hit an all-time high of $28.97 billion (€24.85 billion) in June, with exports reaching a record $42.62 billion in June. The news came as the two economic superpowers stand on the brink of an all-out trade war that would have a huge negative impact globally. Please see link for full article...
  • As Trade War Persists, Mnuchin Says China Talks Have 'Broken Down'

    07/12/2018 8:44:38 PM PDT · by cba123 · 7 replies
    New York Times ^ | 7/12/2018 | By Alan Rappeport and Jim Tankersley
    WASHINGTON — The trade war between the United States and China showed no signs of yielding on Thursday, as Steven Mnuchin, the Treasury secretary, told lawmakers there was no clear path to resolution and Beijing blasted the administration over its approach. (whaah) Trump is doing great. The first US President, who I dare say that about.
  • Trash piles up in US as China closes door to recycling

    07/12/2018 8:59:18 AM PDT · by yoe · 47 replies
    AFP ^ | July 12, 2018
    For months, a major recycling facility for the greater Baltimore-Washington area has been facing a big problem: it has to pay to get rid of huge amounts of paper and plastic it would normally sell to China. Beijing is no longer buying, claiming the recycled materials are "contaminated."For sure, the 900 tons of trash dumped at all hours of the day and night, five days a week, on the conveyor belts at the plant in Elkridge, Maryland -- an hour's drive from the US capital -- are not clean.[snip]But since January, China has closed its borders to most paper and...
  • Sen. Feinstein failed to disclose husband’s Facebook stock before Zuckerberg testified: report

    07/11/2018 7:55:15 PM PDT · by artichokegrower · 20 replies
    San Jose Mercury ^ | July 11, 2018 | Seung Lee
    Sen. Dianne Feinstein, D-Calif., failed to disclose that her husband owned more than $100,000 in Facebook shares before Facebook CEO Mark Zuckerberg testified to the Senate in April, according to a new report Wednesday.
  • US pork and beef out of Chinese market(Shanghai news report-English)

    07/11/2018 7:52:14 PM PDT · by Rebelbase · 35 replies
    Liveleak ^ | 7/11/18 | Shanghai news
    English language news report from Shanghai TV talking about American Beef and Pork being pulled from the menu and substituted with Beef from Australia. Watch to the end of the report as it looks like the tariffs might crash the pig head market. Video here.
  • Oldest Tools Outside Africa Found, Rewriting Human Story

    07/11/2018 5:31:47 PM PDT · by simpson96 · 52 replies
    National Geographic ^ | 7/11/2018 | Micheal Greshko
    Modern humans' distant relatives left Africa earlier than previously thought—rewriting a key chapter in humankind's epic prequel, according to a discovery unveiled on Wednesday in Nature. Nearly a hundred stone tools found at the Shangchen site in central China may push back the spread of our ancient cousins—hominins—out of Africa by more than a quarter million years. The toolmakers lived at Shangchen on and off for 800,000 years between 2.1 and 1.3 million years ago, leaving behind tools that are unprecedented outside of Africa. The site's oldest tools are roughly 300,000 years older than Dmanisi, a 1.8-million-year-old site in the...
  • Chinese citizens urged to ‘eat a bug and save a tree’ as summer cicada glut threatens greenery

    07/11/2018 6:20:18 PM PDT · by EdnaMode · 31 replies
    South China Morning Post ^ | July 11, 2018 | Sidney Leng
    Eat a bug and save a tree: that is the message being sent to the residents of an east China city where an annual explosion in cicada numbers is having a devastating effect on the local greenery. The earnest appeal was made by Sun Xiaoping, the official in charge of green spaces in Hangzhou, capital of Zhejiang province, according to a report by local newspaper Dushi Kuaibao. Cicadas reproduce in huge numbers in July and August, with the average female producing about 100 eggs at a time. When the young insects emerge they gorge on the sap of the willow...
  • China 'shocked' by $200 billion tariffs (Youtube of CNBC clip)

    07/11/2018 5:15:03 PM PDT · by cba123 · 32 replies
    Youtube / CNBC ^ | June 11, 2018 | Eunice Yoon
    This is a video clip. From CNBC. With yet more whining from China, about our great president. :D Donald is turning into a great, great, president. Best ever.
  • FBI charges former Apple employee with stealing trade secrets from self-driving car project

    07/11/2018 1:29:06 PM PDT · by Governor Dinwiddie · 20 replies
    The Verge ^ | Jul 10, 2018 | Sean O'Kane
    An engineer who worked on Apple’s secretive autonomous car project allegedly stole trade secrets for a Chinese car startup backed by Alibaba, according to new charges filed by the FBI. Xiaolang Zhang, who worked for Apple from December 2015 until May 2018, has been charged in federal court with stealing trade secrets, and faces 10 years imprisonment and a $250,000 fine. Zhang was arrested trying to leave the country this past weekend. The news was first reported by The Mercury News. “Apple takes confidentiality and the protection of our intellectual property very seriously,” a spokesperson for the company said in...
  • Former detainees recount abuse in Chinese re-education centres

    07/11/2018 11:24:43 AM PDT · by Heartlander · 10 replies
    The Globe and Mail ^ | July 3, 2018 | Nathan VanderKlippe
    ‘It is about Xi as the leader of the world’: Former detainees recount abuse in Chinese re-education centres Authorities in China’s far western Xinjiang province have made loyalty to President Xi Jinping a central part of an extensive political re-education campaign that requires detainees to swear allegiance to the Communist Party while forswearing a Muslim faith that they are told to repeat is “stupid.”Large numbers – researchers estimate the total in the hundreds of thousands – of people have been placed in Chinese facilities known as re-education centres, where they are forcibly indoctrinated. Many of those detained are Muslim Uyghurs...
  • Elon Musk Announces China Tesla Plant After Paying Lip Service to Trump’s Trade Campaign

    07/11/2018 9:47:06 AM PDT · by stars & stripes forever · 15 replies
    Breitbart ^ | 7/11/2018 | Joshua Caplan
    CEO Elon Musk said the plant, whose plans have reportedly been in the works for a year, would eventually have an annual production capacity of 500,000 cars, adding that he hoped it would be “completed very soon.” A joint announcement released by Shanghai’s government said a preliminary agreement had been signed to build the plant in the commercial hub’s Lingang district.“Shanghai will be the location for the first Gigafactory outside the United States,” said Musk. “It will be a state-of-the-art vehicle factory and a role model for sustainability. We hope it will be completed very soon.” The announcement has raised...
  • China 'shocked' by US actions in trade dispute

    07/11/2018 8:04:16 AM PDT · by GonzoII · 27 replies
    BBC ^ | July 11, 2018
    China said it is "shocked" after the US announced plans for fresh tariffs, escalating a trade war between the two countries. The US listed $200bn (£150bn) worth of additional products it intends to place tariffs on as soon as September. The move comes just days after the two countries imposed tit-for-tat tariffs of $34bn on each other's goods. Beijing described Washington's latest threat as "totally unacceptable," saying it would harm the world. "The behaviour of the US is hurting China, hurting the world and hurting itself," a spokesperson for China's commerce ministry said in a statement. The spokesperson also said...