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National Security: On the eve of a visit by China's No. 2 ranking military officer, the Obama administration loosens export controls on technology that will benefit Chinese missile development. It's deja vu all over again.
China’s sovereign-wealth fund is investing $300 million as part of a complex transaction in which a Hong Kong-listed company is seeking to take over Russian oil producer Nobel Holdings Investments Ltd., according to statements from the Chinese fund a
China,a nation rebuilt by American taxes and paid for by you buying cheaper Chineese4s goods does not want the American government or people to revitalize America. China, Korea, Japan the rest of the Asian countries need to keep Amer
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With everyone lately focused on China's foreign reserve position, analysts have forgotten that America also has an International Reserve account consisting of foreign currency positions, as well as gold reserves and equivalents. And while the total c
Some ominous moves out of the Hang Send and the Shanghai Composite overnight which may have everything to do with the latest piece from Caijing, which notes that according to banking sources September lending by China's four largest banks was the low
China has cautioned U.S. legislators against intervening in China's domestic affairs, specifically in Tibet, Xinhua reported. The Tibetan spiritual leader, the Dalai Lama, on Tuesday received a U.S. Congress award in honor of the late U.S. human rig
More than a decade after former Treasury Secretary Robert Rubin made the “strong dollar” national policy, currency traders say the same words coming from the Obama administration have little meaning.
But other extraordinary moves in the capital markets suggest we should take this threat to the dollar’s position very seriously. For example, China has $2.3 trillion in currency reserves (about 70% in dollars), and China knows how to get its way.
Three nationals of the People’s Republic of China and two corporations were charged on October 1, 2009 in federal court with conspiring over a period of 10 years to illegally export defense articles, designated on the United States Munitions List, an
Mao Tse-tung -- one of the great monsters of history, whose human victims numbered in the tens of millions -- was long respected in the west for establishing order, and more strangely, for "restoring Chinese self-respect."
Powell, a long-time observer of the China-Africa relationship, was astounded by the sheer visibility of China on the continent. From television broadcasts to cultural projects, China’s presence in Africa has been rapidly increasing.
In an attempt to gain favor with China, the United States pressured Tibetan representatives to postpone a meeting between the Dalai Lama and President Obama until after Obama's summit with his Chinese counterpart, Hu Jintao, scheduled for next month,
Red and yellow lights shone from the top of the Empire State Building at dusk Wednesday, a tribute to communist China's 60th anniversary that protesters labeled "blatant approval" of totalitarianism and criticized as inappropriate for an icon in the
The Empire State Building in lights of yellow and red to commemorate Communist China's 60th Anniversary
Reporting from Beijing - For the first time in a decade, Beijing on Thursday will showcase its latest armored vehicles, ballistic missiles and fighter jets in a demonstration of military ambition meant to befit the nation's economic rise.
For 27 years, Chinese communists butchered one another.
It is the first time in Chinese history that artificial weather modification on such large scale has been attempted CHINA will make its biggest-ever effort to control the weather and prevent rain washing out festivities marking the 60th anniversary o
European and Asian markets fell Monday, shaken by news of a trade dispute between the US and China over tariffs on tires. Asian indexes lost as much as 2% and Wall Street was expected to fall later. Dow industrials futures were down 81 points at 9,45
China unexpectedly increased pressure on the United States in a widening trade dispute, taking the first steps toward imposing tariffs on American exports of automotive products and chicken meat in retaliation for President Obama’s decision to levy t
Sept. 14 (Bloomberg) -- China announced dumping and subsidy probes of chicken and auto products from the U.S., two days after President Barack Obama imposed tariffs on tires from the Asian nation. Chinese industries complain that they’re being hu
In the latest move toward China’s long-term strategy of internationalising its currency, the Chinese Ministry of Finance announced today it will issue government bonds valued at 6 billion yuan in Hong Kong.
China has issued what amounts to the “Beijing Put” on gold. You can make a lot of money, but you really can’t lose. I happened to see quite a bit of Cheng Siwei at the Ambrosetti Workshop, a gathering of politicians and global strategists at Lake Como, including a dinner at Villa d’Este last night at which he listened very attentively as a number of American guests tore President Obama’s economic and health policy to shreds. Mr Cheng was until recently Vice-Chairman of the Communist Party’s Standing Committee, and is now a sort of economic ambassador for China around the world — a charming man, by the way, who left Hong Kong for mainland China in 1950 at the age of 16, as young idealist eager to serve the revolution. Sixty years later, he calls himself simply “a survivior”. What he said about US monetary policy and gold – this bit on the record – would appear to validate the long-held belief of gold bugs that China has fundamentally lost confidence in the US dollar and is going to s
It's only a first step but, this is big. A new player has entered the ring to compete against the dollar and Treasury securities.China’s finance ministry said China will issue Rmb6bn ($879m) of bonds in Hong Kong on September 28, in a move to “improve the international status” of the currency and to help mainland companies raise funds in the offshore bond market, according to FT. Thank you Mr. Wenzel for keeping us informed! http://www.economicpolicyjournal.com/2009/09/alert-china-to-issue-renminbi-bonds.html
Chinese state media said that nuclear intercontinental ballistic missiles, conventional cruise missiles, and an array of medium and short range missiles would be put on public display for the first time. "These missiles are domestically designed and manufactured and have never been officially reported before," said a source from the Second Artillery Force. He added that the missiles were "second generation" and were all battle-ready.
The report, from the European Union Chamber of Commerce in China, covers the whole gamut of the Chinese economy, from industrial chemicals to mobile phones to banking. It paints a troubling picture of the Chinese business landscape, filled with discrimination against foreign companies, arbitrary laws and regulations, and abuses of China's World Trade Organisation obligations. Although China has repeatedly complained about protectionism in the United States and Europe, the report suggests that China is one of the most protectionist major economies. Joerg Wuttke, the president of the European Chamber, warned that "China needs Europe more than Europe needs China", and pointed out that the EU is a bigger market than the US for China, and exports to European countries make up 7pc of Chinese GDP. According to the World Bank, China ranks 83rd out of 181 countries in its annual assessment of how easy it is to do business. The emerging superpower scored lower than Kenya, Vanu
China called on the United States to reduce and eventually halt air and sea military surveillance close to its shores after a series of territorial disputes this year. Five times this year, Chinese vessels have confronted U.S. surveillance ships in Asian waters, the U.S. Defense Department said in May. China said the U.S. vessels had intruded its territory. There has since been a sixth incident.
MGI finds that a comprehensive program of reform would also enrich the global economy with $1.9 trillion a year in net new consumption, boosting China's share of the worldwide total to 13 percent—4 percentage points higher than its share without further effort. China's household income would also be 15% higher than current trends. Higher consumption will make China's growth sustainable. The implied increase in GDP would be 0.8-1.2% over the projected 7.7% from 2010 to 2025.MGI set out a wide range of policies that it said could raise the share of private household consumption to 45-50 percent of gross domestic product by 2025, or 6-11 percentage points more than the rate of 39 percent it is likely to reach on present trends. Consumption made up just 35.3 percent of China's GDP in 2008, according to the National Bureau of Statistics. Japan's consumption share is 55 percent and the United States' is 71 percent, MGI noted in a report.
China Construction Bank Corp. said excess cash in the banking system has led to asset bubbles, underscoring concern that the nation’s lenders will rein in credit after the Shanghai Composite Index’s 64 percent rally.
“There are uncertainties in the economy and bubbles in the capital market,” Guo Shuqing, chairman of the nation’s second- largest bank, told reporters in Beijing yesterday. “China’s banking system still has excessive liquidity.
