Thursday, August 16, 2018

How Beijing Is Responding To A Soaring Dollar, And Why QE In China Is...

While the topic of China's slowing economy has been a prominent fixture over the past week, first with the latest Chinese rate cut last weekend, followed by the announcement that China is once again lowering it target growth rate to 7% for the 2015 and onward, coupled with a...

Chinese leader in Belarus to sign multibillion dollar deals

MINSK, Belarus (AP) — Chinese President Xi Jinping traveled Sunday to Belarus for a three-day trip to sign deals worth billions of dollars as Beijing looks to build greater inroads into Europe's economy. Xi said Sunday that Belarus could become a key hub for China's much-vaunted Silk Road vision —...

Obama’s quiet nuclear deal with China raises proliferation concerns

It seemed like a typical day for President Obama. He taped a TV interview on trade, hosted the champion NASCAR team on the South Lawn and met with the defense secretary in the Oval Office. Not so typical was something that didn’t appear that day on the president’s public schedule: notification to...

Foreign Ministry Spokesperson Hua Chunying’s Remarks on the US Defense Department’s Report 2015

Q: The US Department of Defense issued a report of Military and Security Developments Involving the People's Republic of China 2015, which once again plays up "China's military threat and the lack of transparency in military strength", and expresses concerns about China's military development. It also accuses China of...

Japan, Philippines to hold first naval drill in South China Sea

Japan and the Philippines will hold their first joint naval drill this month in the South China Sea near a disputed shoal claimed by Beijing, sources in Tokyo and the Philippines said. The May 12 maritime safety exercise, which will practice the code for unplanned encounters at sea, known as...

China Cuts Interest Rates, Takes Number Of Central Banks Easing In 2015 To 21

And then there were 21. Hours ago on Saturday, the country whose currency is largely pegged to the dollar which itself is now anticipating a rate hike in the coming months, surprised the world by confirming its economic slowdown yet again following a recent rate cut just this past November...

China has right to seek regional influence, says Modi ahead of trip

NEW DELHI: India's Prime Minister Narendra Modi has played down fears over China's growing regional clout ahead of his landmark trip to Beijing, saying the rival Asian powerhouse has a "right" to seek greater influence. While ties between the nuclear-armed nations have long been strained over a bitter border dispute,...

China has crossed a major investment threshold that is going to change the entire...

Back in October, the Financial Times wrote that China's outbound investment will soon surpass the amount invested inside the country, marking a new step in the rise of this new economic power. "This is just a matter of time; if it doesn’t happen this year then it will happen in...

Turmoil in Hong Kong, Terrorism in Xinjiang: America’s Covert War on China

China is facing increasing pressure along two fronts. In its western province of Xinjiang, terrorists have been stepping up destabilization and separatist activities. In China’s southeast Special Administrative Region of Hong Kong, protests have disrupted normality in the dense urban streets, with protest leaders seeking to directly confront Beijing while...

US govt bans Intel from selling chips to China’s supercomputer boffins

Xeon, Xeon Phi processors slapped on trade block list. The US government has blocked Intel from shipping high-end Xeon processors to China's supercomputer builders – and other American chip giants are banned, too. Intel confirmed to The Register last night it was refused permission to sell the chips to the Middle Kingdom's defense...

U.S. urges allies to think twice before joining China-led Asian Infrastructure Investment Bank

(Reuters) - The United States urged countries on Tuesday to think twice about signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies...

Venezuela receives $5 Billion funding from China

Cash-strapped Venezuela has received $5 billion in financing from China, President Nicolas Maduro announced Sunday as his country struggles with an economic crisis. "We just received $5 billion more in financing for development," Maduro said in a radio and television address. He did not provide further details on the loan from...

With Development Bank, China Challenges Japan’s Role in Asia

Support for the Asian Infrastructure Investment Bank is growing, but Japan remains wary. China’s plans for a new development bank to fund infrastructure in Asia pose a challenge to Japan, which has been a major donor in the region and controls a decades-old institution with a similar remit. Beijing’s efforts to...

Revising U.S. Grand Strategy Toward China

"China represents and will remain the most significant competitor to the United States for decades to come. As such, the need for a more coherent U.S. response to increasing Chinese power is long overdue," write CFR Senior Fellow Robert D. Blackwill and Carnegie Endowment for International Peace Senior Associate...

Iran approved to join China-backed infrastructure bank

Shanghai (AFP) - Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme. Tehran's application was backed by other founding members on Friday, China's Ministry of Finance...

A Bank Too Far?

The Asian Infrastructure Investment Bank (AIIB) has gained a boost with the announcement that at least four Group of Seven countries have agreed to become founding members, drawing surprise and alarm from Washington. The Beijing-backed bank appears to be gaining momentum for its expressed goal of addressing wide infrastructure...

China, Vietnam pledge peaceful resolution for sea dispute

(Reuters) - China and Vietnam have pledged to look for a peaceful resolution to their dispute in the South China Sea via talks, following a meeting between China's president and the head of Vietnam's Communist Party, state news agency Xinhua said on Wednesday. A joint communique carried by Xinhua said...

IMF, ADB add to supporters for China-led development bank

BEIJING (Reuters) - China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of the IMF and ADB, speaking at a...
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Global Conflict and the Geopolitics of US-China Relations: Michel Chossudovsky

With reports emerging that China has signed on to Russia’s military coalition in Syria at the same time that the Chinese are signing new cooperation agreements with the US, the question is once again being raised: What is the nature of China-US rivalry? Michel Chossudovsky talks about the forces in...

Taiwan to Apply to Join China-Led Development Bank

Questions over Taiwan’s membership name could complicate any deal; Japan, Canada allow deadline to pass. TAIPEI—Taiwan said it would opt in while Japan and Canada stayed on the sidelines as a deadline passed Tuesday for joining a China-led development bank, though signals from Taiwanese officials that Taipei would set conditions...

Pentagon weighs sending planes, ships near disputed South China Sea reefs

The Pentagon is considering sending U.S. military aircraft and ships to assert freedom of navigation around rapidly growing Chinese-made artificial islands in the disputed South China Sea, a U.S. official said on Tuesday. Defense Secretary Ash Carter requested options that include sending aircraft and ships within 12 nautical miles (22...

Britain Joins China’s Asian Infrastructure Investment Bank Despite U.S. Concerns

In Face of Interest, Alliance Sometimes Fragile. Despite concerns voiced by its close ally the United States, Britain, a conventional Atlantic force, will become the first major Western economy to join a China proposed financing mechanism, which will explore investment opportunities in, mainly, Asia. Downing Street believes its decision to apply to...

The dragon’s new teeth

At a meeting of South-East Asian nations in 2010, China's foreign minister Yang Jiechi, facing a barrage of complaints about his country's behaviour in the region, blurted out the sort of thing polite leaders usually prefer to leave unsaid. “China is a big country,” he pointed out, “and other...

China Goes Prospecting for World’s Gold Mines

Hunt by Chinese companies for overseas deals could make China an even bigger player in the global gold market. Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply. Though gold prices have risen by more than 16%...

China: Global Political Shift

I have been to China over the years more than a dozen times. I have spoken with people at all levels of policy-making, and one thing I have come to realize is that when Beijing makes a major policy change, they make it carefully and with great deliberation. And...

Washington’s Nightmare Comes True: The Russian-Chinese Strategic Partnership Goes Global

The Russian-Chinese strategic partnership (RCSP), indoctrinated in 1996, is Eurasia’s geopolitical anchor in the 21st century, shaping its evolution and entrance into the Multipolar World. No other political relationship between the two continents’ actors even comes close, with the RCSP’s only formidable rival being the US via its privileged...

Japan tops China in US govt debt holdings

WASHINGTON — There’s a new king of U.S. government debt. Japan edged China in February as the largest foreign holder of U.S. government securities, the Treasury Department reported late Wednesday. The agency released its monthly report on foreign holdings of U.S. government longer-term debt and it showed that Japan in...

China Readies $46 Billion for Pakistan Trade Route

Beijing plans to pour $46 billion into infrastructure projects, open new trade routes. Chinese President Xi Jinping is set to unveil a $46 billion infrastructure spending plan in Pakistan that is a centerpiece of Beijing’s ambitions to open new trade and transport routes across Asia and challenge the U.S. as the dominant...

In Odyssey for Chinese, Greece Sells Its Fabled Port of Piraeus

With the sale, China’s state-owned COSCO aims to turn a once-sleepy port into the “dragon’s head” of the New Silk Road. Beijing’s ambitions to build a modern-day “Silk Road” connecting China, Central Asia, and Europe took a big step forward Friday when Chinese state-owned shipping giant COSCO finally sealed a...

Japan Says It Could Join China-Led Asian Infrastructure Investment Bank

Australia to decide Monday; concerns about governance, transparency remain. Japan indicated it could join a China-backed development bank, despite territorial and economic rivalry between the two neighbors, and another U.S. ally, Australia, signaled it is ready to join the bank Washington has expressed concerns about. Australia was to decide Monday, and...

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