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Keyword: china

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  • Exclusive: U.S. and India consider joint patrols in South China Sea - U.S. official

    02/10/2016 1:49:07 AM PST · by sukhoi-30mki · 3 replies
    Reuters ^ | Feb 10, 2016 | SANJEEV MIGLANI
    The United States and India have held talks about conducting joint naval patrols that a U.S. defence official said could include the disputed South China Sea, a move that would likely anger Beijing, which claims most of the waterway. Washington wants its regional allies and other Asian nations to take a more united stance against China over the South China Sea, where tensions have spiked in the wake of Beijing's construction of seven man-made islands in the Spratly archipelago. India and the United States have ramped up military ties in recent years, holding naval exercises in the Indian Ocean that...
  • Chinese Fund Offers $1.2b for Norway's Opera Web Company

    02/10/2016 12:44:40 AM PST · by nickcarraway · 14 replies
    The Local ^ | 10 Feb 2016
    Norway's Opera Software, which makes the popular Opera web browser, said on Wednesday that China's Golden Brick Silk Road investment fund had offered 10.5 billion kroner ($1.2 billion) to buy the company.Norway fund blacklists China's 'corrupt' ZTE (07 Jan 16) The Opera board unanimously recommended the offer, saying that at 71 kroner per share, it represents a 56-percent premium on the average price over the last 30 days. The company had made no secret of its desire to find a buyer and its shares were suspended on the Oslo stock exchange on Friday pending an announcement.
  • Nuclear Fusion Breakthrough: China Heats Hydrogen Plasma to 50 Million Degrees

    02/09/2016 1:41:50 PM PST · by Reeses · 42 replies
    Futurism.com ^ | Feb 9 2016 | Futurism
    Physicists in China have sustained hydrogen plasma at 49.999 million degrees for 102 seconds, beating Germany's recent record (which was just a quarter of a second). SUSTAINING THE HEAT Barely a week after Germany's latest Stellerator reactor was able to sustain a cloud of hydrogen plasma for a quarter of a second at 80 million degrees Celsius, news from China indicated that Germany might now have new competition on the block. Chinese physicists have announced that their own nuclear fusion reactor, called the Experimental Advanced Superconducting Tokamak (EAST), has produced and sustained hydrogen plasma at 49.999 million degrees Celsius for...
  • Hold on Ex-Im nomination keeps cronyism crimped

    02/09/2016 4:29:56 AM PST · by Cincinatus' Wife · 1 replies
    The Hill ^ | February 9, 2015 | Diane Katz
    The president has nominated attorney J. Mark McWatters for the bank board. However, Sen. Richard Shelby (R-Ala.), chairman of the Committee on Banking, Housing and Urban Affairs, has said he's "in no hurry" to hold a hearing or a vote on the nomination. Other pending confirmations take precedence, he said.The last of the 2015 lobbying reports are in, and the top corporate spender turns out to have been the Boeing Company, at $21.9 million. Not coincidentally, the aerospace giant also outranks thousands of other firms in profiting from the subsidies doled out by the Export-Import Bank. Last year, Boeing benefitted...
  • How the Chinese Basketball Association Became the Hot Destination for NBA Talent

    02/08/2016 9:50:14 PM PST · by Zhang Fei · 8 replies
    Bleacher Report ^ | Oct 29, 2013 | Jared Zwerling
    Now in its 19th season, the Chinese Basketball Association (CBA) season will tip off next week with its most prized class of Americans. Many have played in the NBA and are still young and talented enough to return to the world's top hoops league. The groundwork for the popularity of today's CBA was laid in the mid-1990s, under sometimes difficult conditions. Since then, everything from the league's rising salaries to Stephon Marbury to the 2011 NBA lockout to the struggling European economy to the NBA's new collective bargaining agreement have made China the top overseas option for American players. In...
  • Hong Kong’s New Year night of ‘rioting’ leaves Mong Kok in lockdown after street hawker...

    02/08/2016 4:45:14 PM PST · by TigerLikesRooster · 23 replies
    SCMP ^ | February 09, 2016
    Hong Kong's New Year night of 'rioting' leaves Mong Kok in lockdown after street hawker crackdown descends into ugly street battles between police and protesters Police: 'Radical elements' with 'makeshift weapons and shields' set fires set as they ran out of control creating a 'riot' PUBLISHED : Tuesday, 09 February, 2016, 1:37am UPDATED : Tuesday, 09 February, 2016, 8:27am One of Hong Kong's busiest districts is in virtual lockdown this morning after a night of violence which saw the police open fire with two ''warning shots'' as protesters launched missiles and set fires as a crackdown on illegal street food...
  • Trump: I 'very much agree' with Sanders on trade

    02/07/2016 3:43:57 PM PST · by 2ndDivisionVet · 71 replies
    The Hill's Ballot Box Blog ^ | February 7, 2016 | Bradford Richardson
    Republican presidential hopeful Donald Trump on Sunday said he and Democratic primary candidate Bernie Sanders "very much agree" on trade. "Well it's very interesting that you say that, because the one thing we very much agree on is trade," Trump said on CNN's "State of the Union." "We both agree that we're getting ripped off by China, by Japan, by Mexico, by everybody we do business with." Asked how he would differentiate himself with the Vermont senator to New Hampshire independents who may be torn, the billionaire businessman said he will actually be able to do something to correct trade...
  • Exclusive: Iran wants euro payment for new and outstanding oil sales - source

    02/07/2016 9:36:26 AM PST · by BenLurkin · 21 replies
    rueters ^ | 02/05/2016 | Nidhi Verma
    Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros, too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief. A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil. "In our invoices we mention a clause that buyers of our oil...
  • China Builds Schools in Tanzania as Sino-Africa Ties Deepen

    02/06/2016 9:16:36 PM PST · by piasa · 24 replies
    Xinhua ^ | February 4, 2016
    ARUSHA, Tanzania, Feb.3 (Xinhua) -- The Chinese influence in Tanzanian soil is increasingly becoming big and bold. This can be seen after the Asian nation built two ultra-modern primary schools in Tanzania. The schools have been built in Tanzania's University of Dar es Salaam (UDSM) and University of Dodoma (UDOM) campuses. China built the two schools under the Sino-Africa Friendship Primary Schools Project worth 3.23 million U.S. dollars. The schools are fully furnished with all modern teaching and learning facilities, and students enrolled in those schools will have chance of learning Chinese language and culture from Standard One to Standard...
  • Interview with Kevin D. Freeman on Economic Warfare and Terroism

    02/06/2016 7:12:44 AM PST · by Randall_S · 6 replies
    USA Transnational Report ^ | February 6, 2016 | USA Transnational Report
    USA Transnational Report for February 6, 2016 Interview with Kevin D. Freeman begins at 25:30 - Kevin D. Freeman is a NY Times bestselling author and considered one of the world's leading experts on the issues of Economic Warfare and Financial Terrorism. His research has been presented in critical DoD studies and he has been asked to brief or present to the FBI, DIA, ONA, SEC, Naval War College, HASC, Naval Postgraduate School, DARPA, IARPA, and a host of government agencies tasked with protecting America. We discuss economic warfare, cyberattacks, Russia, China, Syrian hackers, market volatility, and yesterday's announcement that...
  • 'Armani Communist' divides China (Communist Party Rich)

    02/05/2016 6:41:42 PM PST · by goldstategop · 2 replies
    BBC Trending Blogs ^ | 02/06/2016 | bbctrending
    However wealthy Liu's parents may or may not be, it is clear that this is a boy who is no stranger to attention. He is known as a child star who acts and sings. More than 20,000 people follow his Weibo page. He's famous for appearing on a local Shenzhen-based show called "Family Show". Some admirers have condoned Liu Bo's choice of suit and complimented him on his appearance. "Please make this Armani wearing youth's clothing be the whole countries' primary and secondary school uniform" said one Weibo post which received more than 10,000 likes. During the years of the...
  • BREAKING NEWS: 'Hundreds' of people feared trapped in collapsed buildings...(Taiwan)

    02/05/2016 2:24:09 PM PST · by amorphous · 54 replies
    Daily Mail ^ | 5 Feb 2016 | Flora Drury
    Hundreds of people are feared trapped in collapsed buildings after a 6.4 magnitude earthquake struck Taiwan. 'Multiple' buildings - including at least one residential block - are said to have fallen following the quake which shook the island at about 4am on Saturday. Reports emerging suggest Tainan, on the south-west coast, was the worst affected, with pictures of buildings partially or completely destroyed circulating on social media, while video footage shows rescue workers wading through water after the mains burst.
  • The Joy of The LORD[ Charismatic Caucus]

    02/05/2016 7:40:47 AM PST · by Jedediah · 2 replies
    The pursuit of happiness is to enter into obedience and not leave. Many of My children are doing their own thing which truly has nothing to do with My Kingdom or The Father's will and in such manner have heaped upon themselves coals of futility weighing themselves down with yokes of bondage. However where My Spirit is there is freedom and in this place you will find My Vessels filled from My Spring of Life within them for there is a well flowing freely that need not be dug again. . . 2 Corinthians 3:17 17 Now the Lord is...
  • The Chicago Stock Exchange is being sold to a Chinese-led investor group

    02/05/2016 11:04:19 AM PST · by HarleyLady27 · 44 replies
    Business Insider ^ | Feb. 5, 2015 | Portia Crowe
    CHICAGO--The Chicago Stock Exchange, Inc. (CHX) is pleased to announce that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (the 'Casin Group'). The Board of Directors of CHX has unanimously approved the transaction, which is subject to regulatory approvals. The acquisition is expected to close in the second half of 2016. Terms of the transaction have not been disclosed.
  • Chinese-led investors plan to buy Chicago Stock Exchange

    02/05/2016 10:51:16 AM PST · by Olog-hai · 9 replies
    Associated Press ^ | Feb 5, 2016 1:44 PM EST | Joseph Pisani
    The Chicago Stock Exchange, founded more than a century ago, said it has agreed to be acquired by a Chinese-led investor group. The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. The exchange needs the cash from the buyout to launch its new trading products and platforms, Kerin said. Terms of the deal were not disclosed. Kerin will continue as CEO after the deal closes. Leading the investor group is Chongqing Casin Enterprise Group, a holding company...
  • SocGen claims China is only months away from burning through its currency reserves

    02/04/2016 8:39:07 PM PST · by Zhang Fei · 48 replies
    Marketwatch ^ | Feb 4, 2016 1:47 p.m. ET | Sue Chang
    China is burning through its foreign-currency reserves at such a blistering pace that the country will run down its cushion in a few months, forcing the government to wave the white flag and float the yuan, says Societe Generale global strategist Albert Edwards. "The market remains content that massive firepower remains to support the renminbi. It does not," Edwards, a perma-bear with a propensity for doom-and gloom-prognoses, said in a report published Thursday. Societe Generale, using the International Monetary Fund's rule of thumb on reserve adequacy, estimates that China's foreign-currency reserves are at 118% of the recommended level. But that...
  • Hackers break into more than 20 million accounts on China's largest marketpla

    02/04/2016 8:22:29 PM PST · by aimhigh · 1 replies
    Mashable ^ | 02/04/2016 | Victoria Ho
    One of China's largest web companies suffered a massive hacking attack last year, its owner said Thursday. Hackers managed to gain access to 20.59 million user accounts on Taobao. The attack on China's largest marketplace happened in October last year, where criminals managed to obtain a database of 99 million usernames and passwords for Taobao, according to Reuters. Taobao is the 12th most popular site in the world, and ranks third in China. It has an estimated 265 million registered users, and is China's equivalent of eBay.
  • Closing In: Russia, Iran, Assad "Encircle" Syria's Largest City As Peace Talks Collapse In Geneva

    02/04/2016 10:06:01 AM PST · by Nachum · 9 replies
    zero hedge ^ | 2/4/16 | tyler durden
    Back in October, we previewed the “promised” battle for Aleppo, Syria’s largest city prior to the war. By the time Russia began constructing an air base at Latakia, the city - which is immensely important both from a strategic and psychological perspective - was controlled by a hodgepodge of rebels and militants including al-Qaeda, the Free Syrian Army, and ISIS. As we noted four months ago, if Russia and Hezbollah manage to recapture the city, it would effectively restore the Assad government in Syria even if the east of the country is still controlled by Islamic State. In many ways,...
  • Chinese Defector Reveals Beijing’s Secrets

    02/04/2016 10:57:46 AM PST · by Zhang Fei · 24 replies
    Washington Free Beacon ^ | February 3, 2016 5:00 am | Bill Gertz
    A defector from China has revealed some of the innermost secrets of the Chinese government and military, including details of its nuclear command and control system, according to American intelligence officials. Businessman Ling Wancheng disappeared from public view in California last year shortly after his brother, Ling Jihua, a former high-ranking official in the Communist Party, was arrested in China on corruption charges. Ling Wancheng, the defector, has been undergoing a debrief by FBI, CIA, and other intelligence officials since last fall at a secret location in the United States, said officials familiar with details of the defection who spoke...
  • Telling tales: brother of disgraced Chinese presidential aide Ling Jihua defects to US and reveals..

    02/04/2016 2:21:48 AM PST · by TigerLikesRooster · 20 replies
    SCMP ^ | February 04, 2016
    Telling tales: brother of disgraced Chinese presidential aide Ling Jihua defects to US and reveals state secrets, says report American news website Washington Free Beacon also claims undercover mainland agents in the US have been trying to capture or kill Ling Wancheng, who has been hiding in the country PUBLISHED : Thursday, 04 February, 2016, 11:52am UPDATED : Thursday, 04 February, 2016, 12:48pm The younger brother of the disgraced former Chinese presidential aide Ling Jihua has reportedly defected to the United States and revealed some of the mainland’s most confidential intelligence to the American government. The American news website Washington...
  • Details Emerge on China’s New ‘Mountain Tank’

    02/04/2016 2:16:57 AM PST · by sukhoi-30mki · 9 replies
    Epoch Times ^ | February 3, 2016 | Leo Timm
    A recently-unveiled photo of the Chinese military’s new light tank is the first to show details of the vehicle from the front, including explosive reactive armor blocks. On Jan. 20, China’s Sina Military Network published a report confirming speculated information about the tank, which first appeared in blog photos in 2011. Dubbed “ZTQ” (ZTQ being the generic designation for Chinese light tanks) by some bloggers, the armored vehicle has a turret similar to that of the heavier ZTZ-99A2 main battle tank, which is currently China’s most advanced model. The ZTQ carries a 105-millimeter main cannon. Sina says that the gun...
  • Chinese Billionaire Zhang Xin: 'The Old Model Doesn't Work Anymore'

    02/03/2016 11:49:30 AM PST · by Zhang Fei · 34 replies
    Der Spiegel ^ | January 22, 2016 – 07:59 PM | Bernhard Zand
    SPIEGEL: After the stock market turbulences, does it surprise you that people have started to worry? Zhang: China has consistently surprised us. When I returned from the United States 20 years ago, it was unimaginable that we would end up where we are now. What China has achieved defies all logic. I credit this to the hard work and enterprising spirit of the Chinese people. SPIEGEL: Can you give an example? Zhang: I am a runner. Last October, there was a marathon here in Beijing. I didn't participate this time, but friends told me that the run wasn't prepared too...
  • China releases incredible images of the moon's surface

    02/03/2016 4:27:49 AM PST · by WhiskeyX · 20 replies
    Fox News ^ | February 02, 2016 | Fox News
    China’s National Space Administration has released a slew of stunning moon images taken by its Chang'e 3 lander and Yutu rover. The Planetary Society has posted a number of the color HD images on its website. The pictures show, for example, the Yutu rover driving across the moon’s surface and the Chang'e 3 lander in an incredible moonscape.
  • GLADYS AYLWARD Small Woman, Big Heart, Great Faith (and brought Ingrid Bergman to Christ)

    02/02/2016 3:29:01 PM PST · by robowombat · 17 replies
    Intervarsity Christian Fellowship ^ | November 18, 2007 | Jack Voelkel
    November 18, 2007 By Jack Voelkel GLADYS AYLWARD Small Woman, Big Heart, Great Faith The half-starved Chinese prisoners in Yangcheng were rioting. In the center was a man with a large bloody kitchen meat cleaver. All were shouting. Several men had already collapsed on the ground, mortally wounded. The warden called to A-Weh-Deh, “Go in and stop them!” The woman known to foreigners by her English name, Gladys Aylward, stood trembling at the entrance. “Why me?” she gasped. The warden challenged, “You tell us your God is all powerful. Is He or is He not?” “He is,” she declared, seeking...
  • China announcing 400,000 steelworker job cuts

    02/02/2016 12:42:44 PM PST · by Lorianne · 42 replies
    World Socialist Website ^ | 01 February 2016 | Samuel Davidson
    Three million [more] workers in the steel, coal, cement, aluminum and glass industries are expected to lose their jobs in the next few years as these industries seek to cut production by 30 percent.
  • A BEATIFUL REFRESHING IS HERE[Charismatic Caucus]

    02/02/2016 10:11:08 AM PST · by Jedediah · 8 replies
    bible,The Joshua Chronicles ^ | 2-2-16 | Holy Spirit, bible
    I saw a huge waterfall pouring over a beautiful rock formation and the water looked like liquid glass so pure and transparent you could see all the rocks behind it . All around the base of the waterfall were people and they were enjoying the refreshing spray and droplets covering them as a beautiful misty spray and the droplets just seemed to hang in the air effortlessly and the sound of the waterfalls was the roar of His Voice. As I looked over where the water goes over the falls I saw Jesus with his bare feet standing in the...
  • Brazil is the New Greece

    01/18/2016 3:47:26 PM PST · by SeekAndFind · 10 replies
    Business Insider ^ | 01/18/2016
    Brazil is the new Greece, and 90% of government spending cannot be cut by law: At 70% of GDP, public debt is worryingly large for a middle-income country and rising fast. Because of high interest rates, the cost of servicing it is a crushing 7% of GDP. The Central Bank cannot easily use monetary policy to fight inflation, currently 10.5%, as higher rates risk destabilising the public finances even more by adding to the interest bill. Brazil therefore has little choice but to raise taxes and cut spending. Too often, at the popular level, there is a confusion between "austerity...
  • Donald Trump Promises to Build New White House Ballroom

    01/31/2016 8:27:53 PM PST · by EveningStar · 92 replies
    Time Magazine ^ | January 31, 2016 | Tessa Berenson
    In his final speech before Iowa caucus day, Donald Trump renewed his old promise to build a lavish White House ballroom and pay for it himself. "Every time the top people come over from China ... they put up a tent at the White House," he said, during his final event Sunday in Sioux City, Iowa. "We'll have a ballroom at the White House."
  • Sand-Covered Huns City Unearthed

    10/10/2002 5:43:05 PM PDT · by blam · 106 replies · 5,985+ views
    China Daily ^ | 10-8-2002
    Sand-covered Huns city unearthed 10/08/2002 XI'AN: Chinese archaeologists recently discovered a unique, ancient city which has lain covered by desert sands for more than 1,000 years. It is the first ruined city of the Xiongnu (Huns) ever found, said Dai Yingxin, a well-known Chinese archaeologist. The Xiongnu was a nomadic ethnic group, who for 10 centuries were tremendously influential in northern China. The unearthed city occupies 1 square kilometre in Jingbian County, in Northwest China's Shaanxi Province, adjacent to the Inner Mongolia Autonomous Region in the north of the country. It is believed that the city was built by more...
  • Clinton: GOP disbelieves climate change because Koch brothers tell them to

    01/31/2016 4:29:14 AM PST · by Libloather · 54 replies
    The Hill ^ | 1/30/16 | Mark Hensch
    Democratic presidential candidate Hillary Clinton said late Saturday that most Republicans are skeptical of climate change because billionaire donors David and Charles Koch tell them to be. "Most of them are not that ill-informed," she said during a campaign rally in Cedar Rapids, Iowa. "They just have to do what the Koch brothers tell them. They say, 'don't believe your lying eyes - listen to us.' " Clinton warned America's economy would slip behind other nations if lawmakers keep debating climate change instead of acting. "Some country is going to be the 21st Century clean energy superpower," she said. "I...
  • China strongly condemns US for sending warship near island

    01/30/2016 8:20:03 PM PST · by BenLurkin · 3 replies
    Washington Post ^ | 01/30/2016
    The missile destroyer USS Curtis Wilbur sailed within 12 nautical miles (22 kilometers) of Triton Island in the Paracel chain "to challenge excessive maritime claims of parties that claim the Paracel Islands," without notifying the three claimants beforehand, Defense Department spokesman Mark Wright said Saturday in Washington.. China, Taiwan and Vietnam have overlapping claims in the Paracels and require prior notice from ships transiting what they consider their territorial waters. The latest operation was particularly aimed at China, which has increased tensions with the U.S. and its Southeast Asian neighbors by embarking on massive construction of man-made islands and airstrips...
  • 4 Chinese miners rescued after 36 days underground

    01/29/2016 1:58:29 PM PST · by DUMBGRUNT · 6 replies
    BBC ^ | 29 Jan 2016
    Rescuers on Friday pulled out four miners who had spent 36 days trapped underground in a collapsed mine in eastern China. The mine collapsed on Christmas Day, killing one and leaving 17 missing, including the four survivors. According to CCTV, one of men at the time could be heard saying, "I feel relieved and secure now. We will remember you (rescue team) forever."
  • Not Top Gun Yet: China Struggles With Warplane Engine Technology

    01/29/2016 9:39:11 AM PST · by sukhoi-30mki · 30 replies
    Reuters ^ | January 29, 2016
    BEIJING: China has built a potent military machine over the past 30 years but is struggling to develop advanced engines that would allow its warplanes to match Western fighters in combat, foreign and Chinese industry sources said. The country's engine technology lags that of United Technologies unit Pratt & Whitney, General Electric and Rolls-Royce, said Douglas Barrie, senior fellow for military aerospace at the International Institute for Strategic Studies in London. China's Defence Ministry, in a brief statement to Reuters, said there was a "definite gap" between Chinese military technology and some developed countries, adding Beijing would continue to strengthen...
  • Trump's Got It Right on Trade

    01/28/2016 5:12:03 PM PST · by Kaslin · 57 replies
    Townhall.com ^ | January 28, 2016 | Peter Morici
    Donald Trump has been savaged by economists and media aligned with establishment candidates for tough positions on trade—including a 45 percent tariff on imports to force China to the negotiating table. Actually, he's got it right. Establishment Democrats and Republicans embrace free trade because it puts free markets first with benefits any decently trained economist should extoll. Unfortunately, trade with China and many nations is hardly market-driven. It hurts U.S. growth and victimizes America's families. Obama's six-year expansion has averaged 2.2 percent annual economic growth and added 13.6 million jobs. Coming off a similar bout with double-digit unemployment, Reagan delivered...
  • So What Would It Mean to ‘Beat China’ on Trade?

    01/28/2016 9:28:47 AM PST · by Theoria · 8 replies
    The New York Times ^ | 28 Jan 2016 | Josh Barro
    If you were Donald Trump, you would probably summarize the academic paper's finding as follows: China is beating us. A new working paper from the economists David Autor, David Dorn and Gordon Hanson argues that trade with China is having persistent, negative effects on parts of the American labor market. Research from the same authors, published in 2013, found that the American workers most exposed to Chinese trade have experienced material declines in wages, higher unemployment and an increased likelihood of receiving government benefits like disability payments."The idea that trade competition with China has hurt various workers and communities is...
  • In Search of the First Rocket Man

    01/27/2016 2:19:45 PM PST · by LibWhacker · 25 replies
    Centauri Dreams ^ | 1/27/16 | Paul Gilster
    In Search of the First Rocket Manby Paul Gilster on January 27, 2016 If you're interested enough in space to be reading this site, you've probably run into the name of Wan Hu. He's the subject of a tale that may well be spurious, but it's certainly lively. It seems that some time around the year 1500 AD, Wan Hu took his fascination with rocketry to the logical limit by building a chair equipped with 47 gunpowder rockets. Lit by 47 attendants, the combined rockets took Wan Hu somewhere, but just where is unknown, as he is said to have...
  • George Soros in China’s Crosshairs After Predicting Tough Economic Times Ahead

    01/27/2016 4:46:31 AM PST · by TigerLikesRooster · 4 replies
    WSJ ^ | Jan 27, 2016 | James T. Areddy
    George Soros in China's Crosshairs After Predicting Tough Economic Times Ahead China is putting a face on the economic pessimism it accuses of helping weaken the yuan and the economy: billionaire investor George Soros. A front-page commentary published in some editions of People's Daily on Tuesday appeared to warn Mr. Soros would lose any bets he made based on a recent prediction that hard economic times for China are "unavoidable." Other state media followed suit. Denouncing "radical speculators," China's official Xinhua News Agency dismissed the famed currency trader's view as "the same prediction several times." The Global Times, in its...
  • China warns Soros against ‘declaring war’ on its currency

    01/26/2016 2:07:18 PM PST · by SaveFerris · 70 replies
    http://www.marketwatch.com ^ | Published: Jan 26, 2016 4:02 p.m. ET | by Sue Chang
    Not long after billionaire George Soros forecast a so-called hard landing for the Chinese economy, Beijing fired back by calling out the high-profile investor, warning him of betting against its currency, according to media reports Tuesday. “Soros’ challenge against the renminbi and Hong Kong dollar is unlikely to succeed, there is no doubt about that,” said a government official in an opinion piece widely cited by several media outlets. The article headlined, ”Declaring war on China’s currency? Ha ha,” was published by the People’s Daily, the official newspaper of the Chinese Communist Party which is widely viewed as Beijing’s propaganda...
  • China pours 67bn into financial system before the holiday

    01/26/2016 5:13:23 AM PST · by EBH · 4 replies
    AFP ^ | 1/26/2016
    Shanghai (AFP) - China's central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges. The injection through the regular open market operations of the People's Bank of China (PBoC) was the largest since 2013, Bloomberg News reported. Chinese companies typically pay salaries and bonuses before the holiday, which falls in early February this year. People also traditionally exchange cash and gifts during the period. The PBoC last week flooded the financial system with more than 1.5 trillion...
  • Chinese shares see steep losses on Tuesday

    01/26/2016 1:25:39 AM PST · by Berlin_Freeper · 18 replies
    bbc.com ^ | January 26, 2016 | bbc
    Chinese markets saw steep losses in late trade on Tuesday as investors worried about oil prices, and despite an injection of liquidity into the mainland market by the central bank. The benchmark Shanghai Composite closed down 6.42% at 2,749.79. Hong Kong's Hang Seng shed 2.48% to 18,860.8 points in afternoon trade. Elsewhere, markets in Asia followed US stocks lower as further falls in the price of oil continued to unsettle investors.
  • China's on-off relationship with The Simpsons

    01/25/2016 10:51:11 PM PST · by Citizen Zed · 5 replies
    bbc ^ | 1-26-2016 | Helier Cheung
    The most controversial episode, as far as China is concerned, is one in season 16, where the Simpsons fly to China to help a relative adopt a baby. This involves the family passing through Tiananmen Square, where they see signs saying: "On this site, in 1989, nothing happened", and later encounter a tank - both references to the 1989 Tiananmen massacre. Homer also makes fun of Mao Zedong's embalmed body - whom he likens to "a little angel who killed 50 million people" and poses as a Buddha to enter an orphanage. China's authorities were also unlikely to be amused...
  • Survey Reveals Bankers in China Fearing High Credit Risk

    01/25/2016 5:00:14 PM PST · by TigerLikesRooster · 3 replies
    CBN ^ | January 25, 2016 | Faraz Haleem
    Survey Reveals Bankers in China Fearing High Credit Risk By: Faraz Haleem Published: January 25, 2016 at 06:56 am EST The recent slowdown in the world's second largest economy has created several economic challenges, such as industries overcapacity and decline in manufacturing activities. The situation has mounted pressure on banking sector, owing to the rise in credit and default risks. China Banking Association (CBA) and PwC jointly released a survey; showing that 82% bankers believed that credit risk is high in industries with excess capacity. The industries include steel, iron, shipping, and cement, according to "China bankers' survey report (2015)",...
  • Two Chinese killed in 'bomb' blast in Laos: Xinhua

    01/24/2016 10:28:48 PM PST · by BeadCounter · 11 replies
    Reuters via Channel News Asia ^ | 25 Jan 2016 | Unattributed
    Two Chinese nationals were killed and another wounded in a suspected bomb blast in Laos, Chinese state media said on Monday. BEIJING: Two Chinese nationals were killed and another wounded in a suspected bomb blast in Laos, Chinese state media said on Monday, the latest incident in which Chinese citizens have been killed abroad as the country's economic footprint grows. China's embassy in Laos confirmed the blast, which occurred on Sunday morning. The victims had been travelling in a vehicle on the mountain roads of Xaysomboun province, the official Xinhua news agency said. ... Chinese workers have increasingly come under...
  • Chinese president declares support for Palestinian state

    01/22/2016 12:06:20 PM PST · by Objective Scrutator · 14 replies
    Ynetnews ^ | 1/22/16 | Ynetnews
    China supports the creation of a Palestinian state along the 1967 borders, Chinese President Xi Jinping said on Thursday during an Arab League convention in Cairo. The Palestinian issue "should not be marginalized," Xi said, according to Xinhua, China's official news agency. "We are in favor of putting in place a new mechanism to promote peace as to the Middle East question, and support efforts made by the Arab League and the Organization of Islamic Cooperation toward this end," said the leader of the world's most populous country and its second-largest economy. Xi declared that that Beijing "firmly supports the...
  • All Good & Well to B--ch about Outsourced Jobs, but Don't Shop at Wal-Mart

    01/22/2016 10:09:16 AM PST · by CharlesOConnell · 56 replies
    Freep | 1/22/2016 | CharlesOconnell
    When China attacks, maybe Wal-Mart employees can go on unemployment in the City of San Pedro, home of the Port of Los Angeles.
  • China, Egypt sign deals to boost ties

    01/22/2016 8:10:56 AM PST · by Eddie01 · 2 replies
    Shanghai Daily,上海日报 ^ | January 22, 2016 | Staff Writer
    CHINA signed a raft of economic deals with Egypt yesterday during a visit by President Xi Jinping, including US$1.7 billion in loans to the banking sector. After arriving late on Wednesday from Saudi Arabia, Xi held talks with Egypt’s President Abdel Fattah al-Sisi and was scheduled to address the Cairo-based Arab League. State television broadcast the live signing of the agreements at a presidential palace in Cairo in the presence of the two leaders. “The two sides have agreed to undertake 15 projects ... mainly in sectors like electricity, transport and infrastructure,” Xi said in a joint statement with Sisi....
  • Steel crisis: Tories reveal new warships could be Clyde built.. with steel from China

    01/22/2016 5:35:31 AM PST · by sukhoi-30mki · 10 replies
    Daily Record and Sunday Mail ^ | 22 JAN 2016 | BEN GLAZE
    A TORY minister yesterday admitted Royal Navy warships being built on the Clyde could be made from foreign steel. With the British steel industry already reeling from closures and massive job cuts, Defence Minister Philip Dunne’s admission was greeted with outrage. Eight T-26 Global Combat Ships are to be built at BAe on the Clyde to replace the Navy’s 13 ageing Type 23 frigates. Work is due to begin this year with the first ship scheduled to enter service in the early 2020s. David Cameron has said at least another five general purpose frigates will be built on the river....
  • Note to US: Pakistan’s insatiable appetite for F-16s

    01/22/2016 5:30:05 AM PST · by sukhoi-30mki · 38 replies
    THE EXPRESS TRIBUNE, PAKISTAN ^ | Naveed Ahmad | Naveed Ahmad
    The Congress has recently blocked the White House-approved sale of eight F-16 fighter jets to Pakistan. The deal is viewed to have no relevance to Pakistan’s war against terror besides being used in offensives against India, Washington’s recent ally with a staunch lobby. Last March, the US House Committee on Foreign Affairs blocked sale of cutter vessels worth $150 million to the Pakistan Navy on the same pretext. Defense purchases from the US have rarely been upfront commercial transactions. The White House never shies away from taking political and diplomatic mileage, thereof. High performance Despite its plan to induct at...
  • CHINA TRANSLATED: Entertaining Politics; Politicized Entertainment

    01/22/2016 4:43:56 AM PST · by TigerLikesRooster · 3 replies
    The Epoch Times ^ | January 20, 2016 | James Yu
    CHINA TRANSLATED: Entertaining Politics; Politicized Entertainment By James Yu, Epoch Times January 20, 2016 Last Updated: January 21, 2016 8:22 pm /snip Best of Weibo On the Chou Tzu-yu incident @MyDF: "China's politics looks pretty entertaining, and the entertainment industry looks pretty political." --Qiwenlu @ResetTor: "One of the most ridiculous things about China is the following fact: From Party officials to common people, almost everyone chooses to emigrate if given the opportunity. In the meantime, they like to forcibly impose what they think on foreign people, and sometimes even force others to admit 'they are Chinese.' Such nationalist behavior is...
  • China’s PLA forces carry out landing drills near Taiwan outpost days after elections

    01/21/2016 5:16:44 AM PST · by TigerLikesRooster · 5 replies
    SCMP ^ | 21 January, 2016 | Minnie Chan and Reuters
    China's PLA forces carry out landing drills near Taiwan outpost days after elections PUBLISHED : Thursday, 21 January, 2016, 8:22pm UPDATED : Thursday, 21 January, 2016, 8:28pm The People's Liberation Army based in the Fujian provincial city of Xiamen - 10km opposite one of self-ruled Taiwan's outposts - has carried out live-fire exercises and landing drills just days after the pro-independence opposition party won elections in Taiwan. Military experts said the drills were aimed at sending a "political warning" to Taiwan's president-elect Tsai Ing-wen, chairwoman of Democratic Progressive Party, that Beijing would never give up using "non-peaceful means" to solve...