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Keyword: redchina

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  • 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...
  • 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...
  • North America, China power GM to record $9.7b annual profit

    02/03/2016 10:09:04 AM PST · by Olog-hai · 6 replies
    Associated Press ^ | Feb 3, 2016 12:25 PM EST | Tom Krisher
    If you're an automaker, especially one from Detroit, conditions probably aren't going to be better for you to make a lot of cash. For General Motors, that's what happened last year as the company posted a record $9.7 billion net profit. [...] Yet even with the earnings, GM gets no respect from the stock market. Its shares were down 3.5 percent at midday Wednesday to $28.61. Investors haven't been kind to auto stocks for years. GM shares are down more than 15 percent in the past year, and are more than $4 below the company's initial public offering price of...
  • Tsai Ing-wen Elected President of Taiwan

    01/16/2016 5:44:23 PM PST · by RitchieAprile · 23 replies
    NY Times ^ | JAN. 16, 2016 | AUSTIN RAMZY
    TAIPEI, Taiwan - Tsai Ing-wen was elected Taiwan’spresident on Saturday, becoming the first woman to win the office. Voters gave her Democratic Progressive Party, which is skeptical of closer ties with China, control of Taiwan’s legislature for the first time, giving her broad authority to enact her policies in office. "The results today tell me the people want to see a government that is willing to listen to people, that is more transparent and accountable and a government that is more capable of leading us past our current challenges and taking care of those in need,” she said in a...
  • 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...
  • When North Korea Tests a Nuke, Assume It's Iran's as Well

    01/16/2016 2:18:49 AM PST · by Olog-hai · 11 replies
    Clarion Project ^ | Wed, January 13, 2016 | Ryan Mauro
    North Korea briefly reclaimed the global press' attention again by claiming to have tested a hydrogen bomb. While coverage focused on whether that was an exaggeration, the press missed a much more important question: Was this test only for Kim Jong-Un or was it also for the Iranian regime? The North Korean and Iranian nuclear and ballistic missile programs should be seen as a single entity, as should be their shared cyber warfare programs. The advance of one is an advance of the other. Differences in their activity should be seen as a common-sense division of labor. Gordon Chang, a...
  • 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...
  • China busts 35 restaurants using opium poppies as seasoning

    01/21/2016 10:52:40 PM PST · by Olog-hai · 31 replies
    Associated Press ^ | Jan 22, 2016 1:04 AM EST
    Thirty-five restaurants across China, including a popular Beijing hot pot chain, have been found illegally using opium poppies as seasoning, one of the more unusual practices bedeviling the country's food regulators. Five restaurants are being prosecuted while 30 others, ranging from Shanghai dumpling joints to noodle shops in southwestern Chongqing, are under investigation, said the China Food and Drug Administration. Cases of cooks sprinkling ground poppy powder, which contains low amounts of opiates like morphine and codeine, in soup and seafood are not new in China, though it is unclear whether they can effectively hook a customer or deliver a...
  • Daughter not buying Hong Kong publisher's "confession"

    01/18/2016 8:03:55 AM PST · by BenLurkin · 5 replies
    cbs/ap ^ | 01/18/2016
    Gui Minhai is one of five missing people who are associated with the publisher Mighty Current, which specializes in gossipy books on political scandals involving China's Communist leaders and other sensitive topics that are banned in the mainland. Their disappearances raised concerns Beijing is eroding the "one country, two systems" principle that has preserved freedom of the press and other rights in Hong Kong since China gained control of the city from Britain in 1997. The official Xinhua News Agency reported that Gui said while in detention that he surrendered in October, 10 years after he fled China after killing...
  • China's Haier buys GE's appliance unit for $5.4 billion

    01/15/2016 7:53:48 AM PST · by Leaning Right · 32 replies
    CNN ^ | January 15, 2016 | Charles Riley
    General Electric has sold its appliance business to Haier for $5.4 billion, a deal that will greatly expand the Chinese firm's footprint in the U.S. Haier is best known as a manufacturer of household goods including washing machines, refrigerators and microwaves. In recent years, it has sought to expand into new international markets, including the U.S.
  • Jeb Bush is Prepared to Restore American Leadership (Barf)

    01/09/2016 10:46:56 AM PST · by Kaslin · 50 replies
    Townhall.com ^ | January 9, 2016 | David Shedd
    These are perilous times. Americans are scared; concerned about the direction our country is headed, and the dangers we face. We need a leader who has the experience and vision to create a freer, safer, and stronger America - and that leader is Governor Jeb Bush. The collapse of hard-won order and stability in the Middle East has unleashed sectarian conflict and the growing threat of radical Islamic terrorism. Iran's bid for regional hegemony, support for terrorism, and pursuit of a nuclear weapons capability has fueled regional tensions and poses a growing threat to America's interests and those of our...
  • Vietnam, Philippines protest Chinese test flight on disputed reef

    01/03/2016 4:35:42 PM PST · by BenLurkin · 8 replies
    marketwatch.com ^ | 01/03/2016 | te-ping chen
    [Red] China said it landed a test flight on a newly completed airfield in the disputed Spratly Islands in the South China Sea, a sign of its growing military capabilities in the region. The flight drew a quick protest from Vietnam, which said China had “seriously violated” its sovereignty. A Philippines foreign ministry spokesman said Manila, another claimant in the Spratlys, also planned to lodge a protest with the Chinese.
  • China expels French reporter who questioned terrorism

    12/26/2015 1:01:56 PM PST · by Olog-hai · 13 replies
    Associated Press ^ | Dec. 26, 2015 5:15 AM ET | Didi Tang
    China said Saturday that it will not renew press credentials for a French journalist, effectively expelling her following a harsh media campaign against her for questioning the official line equating ethnic violence in China's western Muslim region with global terrorism. Expecting the move, Ursula Gauthier, a longtime journalist for the French news magazine L'Obs, said late Friday night that she was prepared to leave China. ...
  • Americans in Beijing warned of terrorism threat; parts of city locked down

    12/24/2015 6:50:56 AM PST · by BenLurkin · 5 replies
    L A Times ^ | 12/24/2015 | By Jonathan Kaiman •
    The U.S. Embassy in Beijing on Thursday morning warned citizens of a Christmastime terrorism threat against Westerners in one of the city's most popular expat districts. Beijing authorities put swaths of the city under lockdown, stationing armed guards on street corners and in pedestrian plazas. "The U.S. Embassy has received information of possible threats against Westerners in the Sanlitun area of Beijing, on or around Christmas Day," the embassy said in an email to American citizens living in Beijing. "U.S. citizens are urged to exercise heightened vigilance. The U.S. Embassy has issued the same guidance to U.S. government personnel." The...
  • Nevada governor signs $335M deal to lure electric carmaker (Faraday Future; backed by Red China)

    12/20/2015 5:37:16 PM PST · by Olog-hai · 10 replies
    Associated Press ^ | Dec 19, 2015 9:15 PM EST | Michelle Rindels
    Nevada Gov. Brian Sandoval approved a $335 million incentive package to attract upstart electric carmaker Faraday Future's billion-dollar factory to a hard-hit Las Vegas suburb, even though the company has yet to unveil a concept car or bring a product to market. The move came shortly after the Legislature voted overwhelmingly to support the deal Saturday, after a four-day special session in Carson City. Lawmakers learned last week that Chinese billionaire Jia Yueting was backing the secretive California-based company, which employs some former Tesla Motors executives, and that Faraday plans to bring 4,500 direct jobs to Nevada. ...
  • Russia and China's "Enhanced Human Operations" Terrify the Pentagon

    12/18/2015 10:18:01 PM PST · by Olog-hai · 26 replies
    Popular Mechanics ^ | Dec 16, 2015 | Eric Tegler
    U.S. adversaries are already working on something America is reluctant to: Enhanced Human Operations (EHO). EHOs entail modifying the body and the brain itself, creating what some have called "super soldiers." At a press conference laying the Defense Department's future research and development strategy on Monday, Deputy Defense Secretary Bob Work warned that America would soon lose its military competitive advantage if it does not pursue technologies such employing artificial intelligence. "Now our adversaries, quite frankly, are pursuing enhanced human operations, and it scares the crap out of us," Work said. Altering human beings from the inside to more effectively...
  • 'It would be shame if a plane fell from the sky and it happened to be Australian': China...

    12/16/2015 12:20:53 PM PST · by naturalman1975 · 21 replies
    Daily Mail (Australia/UK) ^ | 17th December 2015 | Nelson Groom
    A Chinese state-owned newspaper has sent a thinly veiled threat to Australia after an RAAF plane was detected patrolling above the South China Sea. The ominous Global Times editorial appeared to warn Australia its planes could be shot down if they continue their surveillance flights of the region, reports ABC. The article comes after the pilot of an RAAF P-3 Orion aircraft patrolling above the area was detected telling the Chinese navy via radio communications they were 'exercising international freedom of navigation rights.'
  • Chinese company Landbridge to operate Darwin port under $506m 99-year lease deal (Australia)

    12/16/2015 2:14:07 AM PST · by Olog-hai · 4 replies
    A Chinese company has won the bid to operate the Port of Darwin under a 99-year lease deal worth $506 million, NT Chief Minister Adam Giles has announced. Mr. Giles announced the Port of Darwin will have a new operator under an agreement signed today with the Landbridge Group worth $506 million, in a deal he described as "a fantastic outcome for the Territory". ...
  • China's Alibaba pays $266M for influential HK newspaper (South China Morning Post)

    12/13/2015 8:13:44 PM PST · by Olog-hai · 3 replies
    Associated Press ^ | Dec. 13, 2015 10:54 PM EST | Kelvin Chan
    E-commerce company Alibaba is buying Hong Kong's South China Morning Post for 2.06 billion Hong Kong dollars ($266 million), it said Monday, in a deal that's stirred concern the English-language paper's reporting may be softened under new Chinese owners. The Chinese e-commerce giant is paying cash for the newspaper and the SCMP Group's other media assets, including magazines, outdoor advertising and digital media, the company said in a filing to the Hong Kong stock exchange. The deal was announced on Friday but no amount was given for the transaction. ...
  • Miss World Canada prevented from reaching China pageant

    11/26/2015 10:37:14 AM PST · by BenLurkin · 13 replies
    Reuters ^ | Tyrone Siu
    Canada's China-born Miss World contestant was stopped in Hong Kong on Thursday and denied permission to board a flight to the beauty pageant finals in China, a move she said was punishment for speaking out against human rights abuses in the country. Anastasia Lin, a 25-year-old Toronto actress who was crowned Miss World Canada in May, was unable to obtain a visa in advance of her arrival for the contest finals this week in Sanya, on the southern Chinese resort island of Hainan. But she said she attempted to enter the country anyway based on a rule that allows Canadian...
  • China Quietly Expands Military Influence in Africa

    11/20/2015 9:34:36 PM PST · by Olog-hai · 13 replies
    Washington Free Beacon ^ | November 10, 2015 5:00 am | Daniel Wiser
    A senior Chinese military official toured a Chinese warship docked in Djibouti during the weekend and met with the country's president, according to China's defense ministry, underscoring Beijing's efforts to expand its military operations in Africa. Djibouti, an East African country located near vital shipping lanes and terrorism hotspots in Yemen and Somalia, also hosts military bases for the United States and France. Some security analysts have raised concerns that China, which is reported to be in talks about constructing a base in Djibouti, could be seeking to exert more influence in the strategic country, a move that could disrupt...
  • [SecDef Ash] Carter says Russia, China potentially threaten global order

    11/07/2015 6:00:45 PM PST · by Olog-hai · 31 replies
    Associated Press ^ | Nov 7, 2015 5:20 PM EST | Robert Burns
    Defense Secretary Ash Carter on Saturday accused Russia of endangering world order, citing its incursions in Ukraine and loose talk about nuclear weapons, and said the U.S. defense establishment is searching for creative ways to deter Russian aggressive and protect U.S. allies. [...] Carter said Russia is undertaking "challenging activities" at sea, in the air, in space and in cyberspace. "Most disturbing, Moscow's nuclear saber-rattling raises questions about Russian leaders' commitment to strategic stability, their respect for norms against the use of nuclear weapons, and whether they respect the profound caution nuclear-age leaders showed with regard to the brandishing of...
  • 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
    TheLocal.de ^ | 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 others 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
    Chinas president on Saturday pledged billions in aid and said Beijing will forgive debts due this year in an effort to help the worlds 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...
  • Obamas 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, its clear that Obamas 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 Irans nuclear program. But theres been little progress on a pair of vexing security issues that will be at the forefront of their latest round of discussions: Chinas...
  • Lobster on menu again for Obamas 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 Fridays 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 Boeings most significant overseas commercial-aircraft venture, granting it new leverage in the worlds 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 News.com ^ | 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 markets 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 markets 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 dont 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 Chinas 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. Theres 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. Im 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
    SEOULNorth 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 nations 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 Irans...
  • 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 Chinas 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
    WSJ.com ^ | Aug. 12, 2015 6:14 a.m. ET
    Growth in industrial production, fixed-asset investment and retail sales all slowed in July, Chinas 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 Beijings surprise decision to let the yuan fall by 2.8% over Tuesday and Wednesday. All the numbers are very weak, Chinas 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
    scientificamerican.com ^ | 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 rulesand they dont 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. Shes a grandmother and a 9-year Wendys 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 | (CNSNews.com 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 transportationand 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 worldother big, powerful countries around the worldhandle 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 http://t.co/l1EEAHFiEg 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] Chinas 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 Beijings efforts to prop up prices have failed. Moreover, the interventions themselves have made Chinas 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
    phys.org ^ | 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. Beidounamed after the Chinese term for the plough or Big Dipper constellationwas 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
    reuters.com ^ | 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 Chinas 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 Peoples Liberation Army Navys (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 Janes 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 Janes. 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...