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Keyword: redchina

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  • China's workers abandon the city as Beijing faces an economic storm

    08/28/2015 11:36:02 AM PDT · by Lorianne · 10 replies
    Guardian UK ^ | 26 August 2015 | Tom Phillips
    Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future. On Thursday she will board a bus with her two young children and abandon her adopted home. “There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family. “My husband will stick around a bit longer to see if there is any more work to be found. I’m taking the kids.” “The...
  • North Korean Escapees Report Solid Support for Dictator Kim

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

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

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

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

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

    08/11/2015 10:34:52 AM PDT · by BenLurkin · 31 replies
    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 rules—and they don’t have to, because the rules remain as yet unwritten. ...Satellites race through space at very high velocities, so the quickest, dirtiest way to kill one is to simply launch something into space to get in its way. Even the impact...
  • Opinion: Why China probably has a lot more gold than it admits

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

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

    08/01/2015 4:53:39 PM PDT · by Olog-hai · 64 replies
    Cybercast News Service ^ | August 1, 2015 | 3:07 PM EDT | (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 transportation—and warned Congress that “big, powerful countries” like the Peoples Republic of China did not do it the way the U.S. is doing it now. “I guarantee you this is not how China, Germany, other countries around the world—other big, powerful countries around the world—handle their infrastructure,” Obama said. …
  • How A Chinese Farmer Lost More Than Everything Trading Stocks

    07/28/2015 7:40:29 AM PDT · by SeekAndFind · 15 replies
    Zero Hedge ^ | 07/28/2015 | Tyler Durden
    Last night, just six weeks after one Chinese farmer Liu Jianguo invested his life savings in the Chinese market, proclaiming "it's a lot easier making money from stocks than farm work," we wondered if it was time for a sequel: It's time for the sequel: how the Chinese farmer bet on stocks and lost everything 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] China’s Market-Intervention Folly

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

    07/27/2015 11:24:19 AM PDT · by BenLurkin · 4 replies
    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. Beidou—named after the Chinese term for the plough or Big Dipper constellation—was announced in 2012, joining the US's GPS, Russia's GLONASS and European Union's...
  • How Sony sanitized the new Adam Sandler movie to please Chinese censors

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

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

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

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

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

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

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

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

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

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

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

    06/25/2015 1:40:53 AM PDT · by Berlin_Freeper · 28 replies
    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 · 5 replies
    Reuters ^ | Sun Jun 14, 2015 12:18am EDT | Paul Carsten
    China plans to drop the entry permit requirement for Taiwan residents visiting the mainland, the official Xinhua news agency cited a senior Chinese politician as saying on Sunday. Yu Zhengsheng, chairman of China’s National Committee of the Chinese People’s Political Consultative Conference, made the comments at an annual forum between the mainland and Taiwan, Xinhua said. The move is an inducement from China to Taiwan ahead of the island’s presidential election in January, offering to make life easier for the hundreds of thousands of Taiwanese who travel to the mainland for work or leisure every year. …
  • What’ll happen when China owns the U.S. and we’re the aliens?

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

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

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

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

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

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