China successfully launched its first space lab module into orbit in an impressive nighttime display today (Sept. 29). The unmanned Tiangong 1 module lifted off on a Chinese Long March 2F rocket at 9:16 p.m. Local Time (1316 GMT/9:16 a.m. EDT) fro
"It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels." Deutsche Bank CEO Josef Ackerman
As the Chinese launch their first supercarrier and begin deploying their Dong Feng 21D (DF-21D) designed to destroy US supercarriers, the power brokers in Beijing issued a not-so-subtle warning to the United States of America through the organ of a m
China has called for major strategic concessions from Europe before agreeing to rescue the eurozone, chilling hopes for immediate purchases of Italian bonds.
Premier Wen Jiabao said on Wednesday China will continue to expand its investment in the eurozone and called on Western countries facing a crippling debt crisis to "put their houses in order". As Europe's struggling economies look to cash-rich Chi
In a bid to offset the superiority of the US Navy, China has deployed of a new class of missiles specifically designed to destroy US supercarriers. The move is seen by military experts as a desire by Beijing to broaden China's power in...
"China's increased gold reserves will thus act as a model and lead other countries towards reserving more gold. Large gold reserves are also beneficial in promoting the internationalization of the RMB."
Kathryn Wylde: Chinese leadership is fed up with U.S. policies and politics that discourage foreign investment in business and real estate, at the same time their country is holding much of our national debt.
Footage of a Chinese general discussing sensitive spying cases has been leaked onto Google Inc.'s video sharing site YouTube, in what appears to be an embarrassing failure of secrecy for the usually tightlipped military. It wasn't clear when or wh
Paid with US treasury notes.
Bowing to Chinese pressure, the U.S. will deny Taiwan's request for 66 new F-16C/D fighter aircraft, a Taiwan Ministry of National Defense (MND) official said. "We are so disappointed in the United States," he said.
The US would like China to explain why it needs an aircraft carrier amid broader concerns about Beijing's lack of transparency over its military aims. "We would welcome any kind of explanation that China would like to give for needing this kind of
Many parents and grandparents in this mountainous region of terraced rice fields have long known to grab their babies and find the nearest hiding place whenever family planning officials show up. Too many infants have been snatched by officials, neve
Inflation in China accelerated last month to its fastest pace in three years, with consumer prices up 6.5 percent from a year earlier mainly as a result of rising food prices. Producer prices were 7.5 percent higher in July than a year ago.
Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said, adding that Asian exporters faced special risks.
Communist China owns over $1.1 trillion of US treasury debt and it is not a happy camper! As the largest holder of US treasury debt of all non-US countries, Communist China has a large stake in the future viability of the US economy. Similarly
The days when the debt-ridden Uncle Sam could leisurely squander unlimited overseas borrowing appeared to be numbered as its triple A-credit rating was slashed by Standard & Poor's (S&P) for the first time on Friday.
"The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official Xinhua news agency said in a commentary.
China called for a new stable global reserve currency."The U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone," China's official
China has demanded the US stop spy plane flights near the Chinese coast, saying they have “severely harmed” trust between the two countries. 2 Chinese fighter jets attempted to scare off an American U2 reconnaissance plane that was collecting intelli
What do a rusting Russian aircraft carrier, two top-ranking military officers, mounting trade deficits and half a trillion dollars in potential oil and gas in the South China Sea have to do with world peace?
China raised interest rates for the third time this year on Wednesday, making clear that taming inflation remains a top priority even as the growth pace of its vast economy gently eases. The 25-basis-point increase in lending and deposit rates und
Along with its massive high-speed rail network, China has officially surpassed the United States in yet another piece of transportation infrastructure: the world’s longest sea bridge.
The rmb has actually risen by all of 5 percent against the dollar over the last year--doesn’t get the job done, because the dollar’s gone down against other currencies and there’s been virtually no change in the trade-weighted strength of the rmb. Th
China plans to build 20 cities a year for the next 20 years. The unacknowledged problem is finding buyers for those hundreds of millions of new homes.
The bill would clear the way for the U.S. government to consider currency undervaluation as a subsidy that can be offset with U.S. countervailing duties on Chinese goods. While only a small portion of Chinese exports to the United States would lik
Chinese children suffering lead poisoning from polluting smelters and factories have been denied testing, effective treatment and even basic information by officials who downplayed health threats, a human rights advocacy group said on Wednesday. T
AN eruption of protests throughout China has sent armoured vehicles into town centres, prompted an internet blackout by the government and left thousands across the country blogging about "crazy" violence on the streets.
The program grants foreigners permanent U.S. residency in exchange for helping create U.S. jobs.” This prong will facilitate the immigration of Chinese nationals into the United States for the purpose of establishing a Chinese industrial beachhead...
In other words, QE2 appears to have been taken advantage of by the Chinese and other foreigners to dump some Treasury securities, rather QE2 being a bailout of the PIIGs and it had little to do with the U.S.).