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Keyword: redchina

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  • 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
    ibtimes.com ^ | 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 | (CNSNews.com 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 · 4 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...
  • Exxon Mobil is no longer the world's largest oil company

    05/14/2015 8:32:41 AM PDT · by SeekAndFind · 1 replies
    Business Insider ^ | 05/14/2015 | JOHN MANFREDA, OILPRICE.COM
    PetroChina just surpassed Exxon Mobil to become the largest energy company in the world, on a market cap basis. PetroChina was able to accomplish this despite Exxon’s growth of 1.5 billion barrels of oil equivalent (BOE) in reserves. These new reserves are located at the Permian Basin in West Texas and the Kearl Oil Sands project in Canada. PetroChina’s primary operations are located in China. This may not seem like a major oil hub to the average investor, but China is actually the 5th largest oil producing country in the world. Now the question becomes: can PetroChina retain its status...
  • Russia and China Pledge Not to Hack Each Other

    05/10/2015 10:59:47 PM PDT · by Olog-hai · 20 replies
    Wall Street Journal ^ | 8:32 am ET May 8, 2015 | Olga Razumovskaya
    If the U.S. intelligence community believes that Russia poses a greater cyber spying threat than China, what will it make of this? Russia and China signed a cyber-security deal on Friday, which experts say could firm up Russia’s ties with the east and may become a foundation for binding cyber security ties in the future. According to the text of the agreement posted on the Russian government’s website on Wednesday, Russia and China agree to not conduct cyber-attacks against each other, as well as jointly counteract technology that may “destabilize the internal political and socio-economic atmosphere,” ”disturb public order” or...
  • US concerned China behind cyberattack on US sites

    05/08/2015 2:06:47 PM PDT · by Olog-hai · 12 replies
    Associated Press ^ | May 8, 2015 4:29 PM EDT | Matthew Pennington
    The United States voiced concern Friday over a report that China manipulated international Internet traffic intended for a major Chinese Web service company and used it for a cyberattack on U.S. sites. State Department spokesman Jeff Rathke’s comments follow complaints from anti-online censorship group Greatfire.org that Chinese authorities carried out denial-of-service attacks in late March that intermittently shut down San Francisco-based Github, a U.S.-based computer-code sharing site that hosts some of Greatfire’s data. Greatfire.org said it was a direct target of similar attacks earlier that month. […] The Chinese Embassy in Washington did not immediately respond to a request for...
  • Chinese province to ban rooftop Christian crosses (Chekiang)

    05/07/2015 9:02:44 AM PDT · by Olog-hai · 7 replies
    Associated Press ^ | May 7, 2015 11:52 AM EDT | Didi Tang
    A Chinese province where authorities have forcibly removed hundreds of rooftop crosses from Protestant and Catholic churches has proposed a ban on any further placement of the religious symbol atop sanctuaries. The draft, if approved, would give authorities in the eastern province of Zhejiang solid legal grounds to remove rooftop crosses. Since early 2014, Zhejiang officials have toppled crosses from more than 400 churches, sometimes resulting in violent clashes with congregation members. They have said the crosses violate building codes, but critics say the rapid growth of Christian groups have made the ruling Communist Party nervous.“The authorities have attached great...
  • China Forces Muslims to Sell Alcohol to ‘Weaken Islam’

    05/05/2015 10:56:39 AM PDT · by Olog-hai · 26 replies
    INN ^ | 5/5/2015, 4:29 PM | Ari Yashar
    China has employed an unusual method in trying to crack down on Muslim violence and attacks by Uyghurs in the western Xinjiang region—in a new notice, it has ordered Muslim merchants to sell alcohol prominently to “weaken” Islam, which forbids the consumption of alcohol. In the Xinjiang Uyghur Autonomous Region separatist Sunni Muslim Uyghur factions have conducted numerous attacks, including those with guns and explosives. China has cracked down in response and is trying to have them blacklisted as terrorists, although much of the international community has denounced the Chinese actions accusing the state of repression. In its latest move,...
  • Pro-life Activist: In 35 Years of China’s One-Child Policy, 360 to 400 Million Babies Aborted

    05/04/2015 8:49:11 PM PDT · by Olog-hai · 9 replies
    Cybercast News Service ^ | May 4, 2015 | 3:16 PM EDT | Penny Starr
    A Chinese attorney who escaped house arrest in his home country for his efforts to protect women from forced abortion for violating the government’s one-child policy said on Thursday that in the 35 years since the practice hundreds of millions of babies have been killed. “Over the past 35 years, China has killed a total of 360 to 400 million young lives as a result of its inhumane and violent birth control policies,” Chen Guangcheng, now senior fellow at Catholic University of America said at a hearing of the Congressional Executive Commission on China. “During a six-month period of 2005,...
  • Hillary channels Madame Mao: 'deep-seated cultural codes, religious beliefs and structural biases...

    04/26/2015 4:54:47 PM PDT · by markomalley · 24 replies
    American Thinker ^ | 4/25/15 | Thomas Lifson
    Barack Obama was a piker when he wrote about audacity. Hillary Clinton seems to be calling for nothing less than a Great Proletarian Cultural Revolution in the United States, mimicking Mao Zedong’s wife Jiang Qing, who sought to overturn millennia of Chinese culture in order to impose a communist paradise through the Cultural Revolution. But of course, Hillary was urging the rejection of our religious and cultural heritage in order to facilitate the killing of unborn children. Kerry Pickett of The Daily Caller reports: Democratic presidential candidate Hillary Clinton took a feminist tone on Thursday. She told attendees at the...
  • HSBC looks at moving HQ from Britain as tax and regulations bite (also “Don’t leave EU!”)

    04/25/2015 8:46:51 AM PDT · by Olog-hai · 2 replies
    Reuters ^ | Fri Apr 24, 2015 11:34pm BST | Steve Slater and Sinéad Cruise
    HSBC, Europe’s biggest bank, has ordered a review into whether it should move its headquarters out of Britain and potentially back to its former home in Hong Kong, threatening London’s reputation as a global hub for finance and investment. The announcement from HSBC, founded in Asia but a key part of the British establishment, prompted a warm response from Hong Kong, where it is revered as “The Bank”, and silence from the British government. The commitment to the review comes less than two weeks before British parliamentary elections on May 7 and poses challenges for both Prime Minister David Cameron...
  • Syria and Iraq Are Awash With Russian, Iranian and Chinese Weapons

    04/09/2015 4:07:27 PM PDT · by Olog-hai · 4 replies
    Business Insider ^ | Apr. 7, 2015, 1:36 PM | Jeremy Bender
    As ISIS first blitzed across northern Iraq in June 2014, the militants seized large quantities of US arms and vehicles from the fleeing Iraqi forces. Over the almost past year of fighting, however, ISIS has gone from fielding large quantities of US weapons to using a mixture of Iranian, Chinese, Russian, Soviet, and Sudanese ammunition. According to a fact sheet from the Forum on Arms Trade, citing the Conflict Armament Research (CAR) and the Small Arms Survey, ISIS was largely able to acquire this ammunition from the constantly shifting battle lines of the Syrian civil war. A large amount of...
  • Washington State Governor Jay Inslee Flies Communist Flag Over State Capitol

    04/07/2015 8:00:06 AM PDT · by afraidfortherepublic · 33 replies
    Breitbart ^ | 4-7-14
    Just U-N-B-E-L-I-E-V-A-B-L-E !! (HatTip Gateway Pundit) In “honor” of his meeting with China Ambassador Cui Tiankai, Washington Governor Jay Inslee has posted the Chinese flag between the American flag and the state flag at the capitol building in Olympia. Hat Tip State Rep. Elizabeth Scott On Saturday – A small group of people arrived at the capitol in the morning and removed the Communist flag. They were assisted by an officer from the Washington State Police. Video, courtesy of activist Maria Bosworth.
  • The Russian Roots of Terrorism

    04/07/2015 6:16:53 AM PDT · by GodGunsGuts · 16 replies
    Accuracy in Media ^ | Ciff Kincaid
    We have heard repeatedly about Americans and Europeans fighting for ISIL, but little attention is being devoted to the Russian-speaking foreign fighters that make up the group. Their numbers are estimated at 500 or more. Omar al-Shishani is usually described as a prominent Islamic State fighter who is Chechen. In fact, he was born in the former Soviet republic of Georgia and was trained there. Some reports suggest these fighters are opposed to the Russian-backed Assad regime in Syria and Russia itself. But if this is the case, then why is Russia opposed to U.S. bombing of these terrorists? NBC...
  • Washington State Flies Communist Flag at State Capitol – Patriots Come Out & Take It Down (VIDEO)

    04/05/2015 9:12:23 PM PDT · by sheikdetailfeather · 31 replies
    Gateway Pundit ^ | 4-5-2015 | Jim Hoft
    In “honor” of his meeting with China Ambassador Cui Tiankai, Washington Governor Jay Inslee has posted the Chinese flag between the American flag and the state flag at the capitol building in Olympia. Hat Tip State Rep. Elizabeth Scott On Saturday - A small group of people arrived at the capitol in the morning and removed the Communist flag. They were assisted by an officer from the Washington State Police. Video, courtesy of activist Maria Bosworth.
  • Forget Iran. The Real Nuclear Threat Lies East [China, India and Pakistan]

    04/02/2015 3:52:53 PM PDT · by SeekAndFind · 28 replies
    RCW ^ | 04/02/2015 | David Brewster
    While the world focuses on the dangers that a nuclear-armed Iran could present in the Middle East, a potentially more dangerous and unstable nuclear proliferation is occurring in the Indian Ocean. In the coming years India, Pakistan, and perhaps China will likely deploy a significant number of nuclear weapons at sea in the Indian Ocean. This could further destabilise already unstable nuclear relationships, creating a real risk of a sea-based exchange of nuclear weapons. Observers have long seen India-Pakistan nuclear rivalry as the most unstable in the world, and South Asia as the most likely location of nuclear conflict. This...
  • China says Taiwan welcome to join AIIB with appropriate name

    04/02/2015 11:16:23 AM PDT · by kevin_in_so_cal · 12 replies
    Reuters ^ | Wed Apr 1, 2015 | Ben Blanchard, J.R. Wu
    Most countries, including the United States, do not recognise Taiwan due to pressure from China. Taiwan is not a member of the United Nations, the World Bank or the International Monetary Fund. However it is a member of the Asian Development Bank under the name of Taipei, China. China views Taiwan as a renegade province and has not ruled out the use of force to bring it under its control. However, since Taiwan's current president Ma Ying-jeou took office in 2008, enmity has declined considerably and the two sides have signed a number of trade and investment deals. The AIIB...
  • Taiwan to join China-led regional bank, Japan says not now

    03/31/2015 2:41:52 PM PDT · by Olog-hai
    Associated Press ^ | Mar 31, 2015 5:24 PM EDT | Elaine Kurtenbach
    Japan is not planning to join the China-led Asian Infrastructure Investment Bank, its government spokesman said Tuesday, while Taiwan announced it would apply for membership, joining dozens of countries in signing up to an initiative opposed by Washington. Chief Cabinet Secretary Yoshihide Suga told reporters that Japan, the world’s No. 3 economy, is still seeking answers about how the regional financing institution would be governed. “As of today, Japan will not join AIIB and a clear explanation has not been received from China,” Suga said. The U.S. has found itself isolated in its resistance to the bank, with more than...
  • China ‘deeply worried’ over Saudi attacks on Yemen

    03/27/2015 10:18:01 AM PDT · by Rusty0604 · 19 replies
    Press TV ^ | 03/26/2015 | Press TV
    “The Chinese side has noticed that (Saudi Arabia has launched airstrikes against Yemen) and is deeply worried about the situation in Yemen that is getting worse,” Chinese Foreign Ministry spokesperson, Hua Chunying, said at a weekly press briefing on Thursday. Expressing hope that the crisis could be resolved “through political dialogues”, Hua said, “We hope that all parties will act in accordance with relevant resolutions of the UN Security Council… and restore national stability and order at an early date.” Saudi-led attacks: widely condemned The Saudi invasion of Yemen drew condemnation from Iran, Russia, the Lebanese resistance movement Hezbollah, Syria,...
  • North Korean envoy says his country has nuclear missiles

    03/20/2015 9:26:37 AM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Mar 20, 2015 12:24 PM EDT
    A North Korean envoy says his country has developed nuclear missiles and is prepared to use them at any time. North Korean Ambassador to Britain Hyun Hak Bong said in a recent interview with British broadcaster Sky News that his government would use the missiles in response to a nuclear attack by the United States. Asked whether North Korea has the ability now to launch a nuclear missile, Hyun replied, “Any time. Any time. Yes.” “If the United States strike us we should strike back,” he said. …
  • Germany joins China development bank

    03/17/2015 10:10:58 AM PDT · by Olog-hai · 14 replies
    TheLocal.de ^ | 17 Mar 2015 11:38 GMT+01:00
    Finance Minister Wolfgang Schäuble confirmed on Tuesday that Germany has agreed to join the China-led Asian Infrastructure Investment Bank (AIIB), despite pressure from the US.Germany, France and Italy “want to bring our long experience … to help the bank build a solid reputation,” Schäuble said at a joint press conference in Berlin with Chinese vice-premier Ma Kai. “We want to make a contribution to the positive development of the Asian economy, in which German companies are actively taking part,” he said. France and Italy have also agreed to become members of the $50-billion institution, seen as a rival to the...
  • Hillary Can’t Delete This [Another In The "Congenital Liar" Series!]

    03/15/2015 9:31:19 PM PDT · by Steelfish · 4 replies
    Wall St. J. ^ | March 15, 2015 | DAVID FEITH
    Hillary Can’t Delete This As Secretary of State, Clinton says she stopped at nothing to get a blind dissident out of China. That’s not what he remembers. By DAVID FEITH March 15, 2015 This book won’t help Hillary Clinton’s campaign for president. Its author, Chen Guangcheng, is the blind Chinese human-rights lawyer who in April 2012 escaped rural house arrest and sought refuge at the U.S. embassy in Beijing. The ensuing diplomatic tussle over his fate was a high drama that Mrs. Clinton touts as an accomplishment of her tenure as secretary of state. It reminded her of the “responsibility...
  • Currency Wars Continue As IMF Concedes End To Dollar Hegemony

    03/10/2015 9:07:39 AM PDT · by Olog-hai · 36 replies
    GoldCore ^ | March 9, 2015 | Mark O’Byrne
    Currency wars and the growing trend away from dollar dominance in international finance, particularly in emerging markets, was highlighted in an interesting CNBC article this morning entitled “Is the Dollar Losing its Clout Among EMs?” It refers to the deliberate and stated policy of “de-dollarization” around the world, the decline in the use of the dollar in international trade and as a reserve currency, and the emergence of the new BRICS bank. The article quotes best-selling author and Pentagon insider, Jim Rickards. Rickards says that the status of the dollar as a reserve currency is still solid despite its decline...
  • Lawmakers urge UK to be more outspoken on Hong Kong

    03/06/2015 9:22:35 AM PST · by Olog-hai
    Associated Press ^ | Mar 6, 2015 8:05 AM EST
    A British parliamentary committee is urging the British government to be more outspoken in support of democracy in Hong Kong. In a report Friday, the Foreign Affairs Committee said British officials have failed to clearly state their position on democratic developments in the Chinese territory, and warned that it could damage Britain’s reputation there. They stressed that Britain “can and should take a position” on democracy in the Chinese territory. …
  • Official says China to boost military budget by 10 percent

    03/03/2015 8:00:47 PM PST · by Olog-hai · 9 replies
    Associated Press ^ | Mar 3, 2015 10:58 PM EST
    China’s legislative spokeswoman says the country’s military budget will grow by about 10 percent in the coming year. […] Fu Ying, spokeswoman for the National People’s Congress, says this year’s military budget figure—to be confirmed Thursday—is in line with an overall increase in government spending of about 10 percent. …
  • US says China is expanding its outposts in South China Sea

    02/26/2015 9:15:51 AM PST · by Olog-hai · 13 replies
    Associated Press ^ | Feb 26, 2015 11:58 AM EST
    The director of national intelligence for the United States says China is expanding and accelerating its buildup of outposts in the South China Sea. James Clapper tells the Senate Armed Services Committee that those outposts now include stationing for ships and potential airfields. …
  • Hawaiian Independence Movement Attracts Chinese Interest

    02/10/2015 6:29:57 AM PST · by shove_it · 16 replies
    FreeBeacon ^ | 10 Feb 2015 | Bill Gertz
    HONOLULU—China has suggested arming Hawaii’s independence activists in retaliation for U.S. arms sales to Taiwan and recently threatened to challenge American sovereignty by making legal claims to the Pacific islands as its territory. Chinese threats to back several groups of Hawaiian independence activists who want to restore the islands’ constitutional monarchy, ousted in a U.S.-backed coup over a century ago, has raised concerns that military facilities on the strategic central Pacific archipelago are threatened at a time when the Obama administration is engaged in a major shift toward Asia as part of its military and diplomatic rebalance. Michael Pillsbury, a...
  • Obama hails Dalai Lama as ‘good friend,’ despite China warning

    02/05/2015 7:54:35 PM PST · by Olog-hai · 21 replies
    Deutsche Welle ^ | 02.05.2015 | [rc/kms (AFP, Reuters, AP)]
    US President Barack Obama has had a first public meeting with the Dalai Lama, hailing the Tibetan religious leader as a “good friend.” Even before the encounter took place, Beijing had expressed its disquiet. Obama greeted the Dalai Lama at a National Prayer Breakfast in the US capital on Thursday, marking the pair’s first ever public encounter. As the Tibetan spiritual leader was formally introduced to the audience, the US president smiled and clasped his hands together in a bow-like gesture, before offering a more informal wave to the exiled Tibetan spiritual leader. The Dalai Lama gave a wave of...
  • Are U.S. rivals hacking the American electoral system? Why it’s impossible to know.

    01/22/2015 3:10:25 AM PST · by Olog-hai · 16 replies
    Reuters ^ | January 21, 2015 | Meredith McGehee
    The Chinese government hacked into U.S. defense systems. What makes Americans think that the Chinese—or the Russians, the Iranians or other foreign interests—are not also hacking into U.S. elections? They may well be doing it on a large scale. But Americans have no way to know. We have certainly made it easy for them, especially after the U.S. Supreme Court’s Citizens United ruling, handed down five years ago. U.S. law prohibits foreign nationals from making a contribution or donation in connection with any federal, state or local election. The prohibition includes contributions to candidates and political action committees, as well...
  • China says its colleges must champion core socialist values

    01/19/2015 11:34:21 PM PST · by Olog-hai · 20 replies
    Associated Press ^ | Jan 20, 2015 12:33 AM EST | Jack Chang
    China’s leadership has issued guidelines requiring universities to strengthen ideological controls in classrooms and telling professors to champion Marxism, traditional culture and socialist core values. The orders come as President Xi Jinping tightens his grip on political power and cracks down on the encroachment of supposed Western values such as press freedom and civil society groups. […] … Willy Lam, a political analyst at Chinese University in Hong Kong, said other professors were reporting tighter controls, including government monitors filing covert reports on classroom lectures. Control over professors has significantly tightened since Xi took power in late 2012, Lam said....
  • China eases controls on rare earths after WTO complaint

    01/04/2015 10:57:44 PM PST · by Olog-hai · 6 replies
    Associated Press ^ | Jan 5, 2015 1:55 AM EST
    China has scrapped its export quotas for rare earths, minerals used in mobile phones and other high-tech products, after losing a World Trade Organization case brought by Washington and other trading partners over controls that alarmed global technology producers. The change was included in the Ministry of Commerce’s trade guidelines for 2015 but there was no separate announcement. Under the new guidelines, rare earths will require an export license but the amount that can be sold abroad will no longer be covered by a quota. China’s curbs, imposed in 2009, prompted concern about supplies for global technology producers. They led...
  • China tightens church control ahead of Christmas

    12/24/2014 9:43:09 PM PST · by Olog-hai · 2 replies
    Associated Press ^ | Dec 25, 2014 12:29 AM EST | Didi Tang
    Two days before Christmas, members of a rural Christian congregation in the eastern city of Wenzhou welded some pieces of metal into a cross and hoisted it onto the top of their worship hall to replace one that was forcibly removed in October. Within an hour, township officials and uniformed men barged onto the church ground and tore down the cross. […] That means that the worshippers in Wenzhou, like many Christians in the eastern Chinese province of Zhejiang, will worship this Christmas under a cross-less roof. Provincial authorities have toppled crosses from more than 400 churches, and even razed...
  • China’s leader is telling the People’s Liberation Army to prepare for war

    12/23/2014 10:48:43 AM PST · by Olog-hai · 35 replies
    The Week ^ | December 22, 2014 | Kyle Mizokami
    Over the last several months, Chinese leader Hsi Chin-p’ing and the Chinese Communist Party have repeatedly exhorted the People’s Liberation Army to “be ready to win a war.” Hsi has repeatedly called for greater military modernization, increased training, and enhanced overall readiness of the Chinese army, navy, and air force. These repeated calls have alarmed China’s neighbors from New Delhi to Washington. The question on everyone’s mind: what is all this preparation for? Is the Chinese leadership preparing for something? Are they gearing up for a military operation, or merely the option to carry one out? Or is there a...
  • Melancholic Milestones: China's pulling ahead, and we don't seem interested in catching up.

    12/23/2014 6:19:34 AM PST · by SeekAndFind · 7 replies
    American Thinker ^ | 12/23/2014 | Gary Jason
    The U.S. has recently reached three major turning points, all of them worrisome. The first is the news report that China has now officially overtaken the U.S. as the largest economy on Earth, and indeed in all of history.  The International Monetary Fund now calculates that the Chinese national output of goods and services this year will be $17.6 trillion (measured in real purchasing power, or purchasing power parity), compared with ours of $17.4 trillion.  In terms of share of the global economy, China is 16.5% of the world’s economy, compared to 16.3% for the U.S. It is also...
  • Now Pope Francis looks toward Communist China

    12/22/2014 12:23:37 PM PST · by cleghornboy · 7 replies
    La Salette Journey ^ | December 22, 2014 | Paul Melanson
    Now that Pope Francis has done his part to ensure that U.S. sanctions against the murderous regime in Cuba have been removed, the Holy See is already looking toward thawing relations with another brutal Communist regime: China. See here. Back in October, Matt Hadro, writing for the Catholic News Agency, explained that: "The state of religious freedom in China is moving from bad to worse, said U.S. Rep. Chris Smith (R-N.J.), responding to a new report by the Congressional-Executive Commission on China. 'There’s a huge gulf now' between China and the Catholic Church, Smith stated during an Oct. 9 conference...
  • Shinzo Abe sets sights on Japan’s pacifist constitution after election win

    12/19/2014 10:13:43 PM PST · by Olog-hai · 17 replies
    Manchester Guardian ^ | Tuesday 16 December 2014 00.22 EST | Justin McCurry
    Japan’s re-elected prime minister, Shinzo Abe, has said he is determined to rewrite the country’s pacifist constitution—drawing an immediate sour response from China. A day after securing another four years in office with Sunday’s landslide election victory, Abe signaled he would pursue his long-cherished goal of changing the US-authored constitution. Abe, a conservative, has made no secret of his desire to remove what he regards as unfair constraints on Japan’s military, seven decades after its surrender at the end of a war that saw it occupy neighbors, including China, and attack countries further afield in the Pacific. …
  • Chinese lawyer detained for invoking constitution

    12/12/2014 9:30:59 AM PST · by Olog-hai · 22 replies
    Associated Press ^ | Dec 12, 2014 6:17 AM EST
    At least 260 Chinese lawyers signed an open letter of protest on Friday after a fellow attorney was detained by police for defying a judge by invoking the constitutional rights of free speech and religion in court.Zhang Lei, a lawyer who drafted the open letter condemning the police action in the northeastern province of Jilin, said Zhang Keke was hauled away from the court on Thursday and detained for six hours over his statements in court while defending a member of the banned spiritual group Falun Gong. “How can a lawyer not speak of law in court? We have found...