Sunday, August 20, 2017

Tag: China

China’s Army of Global Homebuyers Is Suddenly Short on Cash

China's escalating crackdown on capital outflows is sending shudders through property markets around the world. In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from...

War With China? Effects Of A U.S. Blockade In The South China Sea

“Chinese and Western experts” say a blockade by the U.S. in the South China Sea of China's artificial islands would be an “act of war” according to breathless Wall Street Journal reporters. The New York Times says unnamed “American Navy experts” are calling a blockade “tantamount to war”. Association of...

China’s Xi Jinping At Davos, World’s Most Powerful Beggar

Xi Jinping will address the World Economic Forum on Tuesday in Davos, the first time a Chinese leader has done so. Chinese state media tells us he will speak strongly in favor of globalization. That message will be difficult to accept, however, as his country is closing off its market,...

Xi Jinping’s Swiss visit to present positive Chinese message: ambassador

Chinese President Xi Jinping's upcoming Swiss visit will present a confident, open, responsible and positive Chinese voice to the world, Ma Zhaoxu, China's Permanent Representative to the United Nations Office at Geneva (UNOG) and Other International Organizations in Switzerland, wrote in a signed article published on People’s Daily on...

China’s Xi to promote globalization at Davos, not war and poverty

China's President Xi Jinping will promote "inclusive globalization" at this month's World Economic Forum (WEF) in Davos and will warn that populist approaches can lead to "war and poverty", Chinese officials said on Wednesday. This year's forum, from Jan. 17-20, is expected to be dominated by discussion of a surge...

China Reserves Hover Above $3 Trillion on Government Support

China's foreign currency holdings remained above $3 trillion in December even as the yuan capped its steepest annual decline in more than two decades. Reserves fell $41.08 billion to $3.01 trillion, the People’s Bank of China said in a statement Saturday. That matched a $3.01 trillion estimate in a Bloomberg survey...

China Considers Options to Back Yuan, Curb Outflows

China has studied possible scenarios for the yuan and capital outflows this year and is preparing contingency plans, according to people familiar with the matter. The offshore yuan surged the most in a year. The authorities have used stress tests, models and field research, said the people who asked not...

The Coming War on China

When I first went to Hiroshima in 1967, the shadow on the steps was still there. It was an almost perfect impression of a human being at ease: legs splayed, back bent, one hand by her side as she sat waiting for a bank to open. At a quarter...

Apple in line of fire if trade wars start

Trump's decision to scrap Trans-Pacific Partnership is a lost opportunity for tech. There aren’t many politicians in the US right now who are prepared to shed public tears over abandoned trade deals. So when president-elect Donald Trump declared this week that the US, under his administration, would drop its support for...

Whither the Iran Deal Under Trump?

How the president-elect might pick apart one of the Obama administration's signature accomplishments. In the aftermath of Donald Trump's upset victory, no foreign policy question looms larger than the fate of the Iran nuclear deal. That central component of President Barack Obama’s legacy was the focus of Trump's contempt on...

Abe looks to bolster U.S.-Japan alliance at next Trump meeting

NEW YORK – Prime Minister Shinzo Abe, who became the first foreign national leader to meet face to face with U.S. President-elect Donald Trump on Thursday, hopes to produce an agreement to strengthen the Japan-U.S. alliance when they meet next time, according to informed sources. To lay the groundwork for...

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $375 Billion In US...

One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number had dropped sharply, declining by over $22 billion in one week, one of the the biggest weekly declines since January 2015, pushing the total amount of custodial...

Trump And Iran: What The Next Administration Can Do

The United States’ relationship with Iran tops the list of foreign policy issues that will confront President-elect Donald Trump when he takes office in January. Like many of the other Republican presidential candidates, Trump was an early and staunch opponent of the Joint Comprehensive Plan of Action (JCPOA), the...

Bonds bloodied as Trump spending plans spur dollar

Routs in global bonds and emerging markets intensified, while the dollar climbed with base metals as investors positioned for the wave of fiscal stimulus that Donald Trump has pledged to unleash. The yield on 30-year Treasuries rose to the highest since January, with last week’s record debt selloff bleeding into...

Obama Administration Gives Up on Pacific Trade Deal

Congressional GOP leaders indicated they wouldn’t consider Trans-Pacific Partnership in lame-duck session. A sweeping Pacific trade pact meant to bind the U.S.and Asia effectively died Friday, as Republican and Democratic leaders in Congress told the White House they won’t advance it in the election’s aftermath, and Obama administration officials acknowledged...

Trump Hasn’t Mastered the Art of Killing the Iran Deal

The presidency-elect can’t kill the agreement directly – but he could undermine it from within. America has never known so little about a president-elect. After Trump ran a campaign almost completely void of substance, speculation about his positions regarding key national security issues is doomed to be based on nothing...

Trump National Security Team Includes Surprising Names

With many mainstream Republican defense experts having denounced his candidacy, President-elect Donald Trump is assembling a team of lesser known national security figures to staff his transition team, intelligence and military officials told NBC News. A number of prominent Republican former security officials have made it clear through words or...

Copper Price Climbs to One-Year High

Gains based on rise in U.S. infrastructure spending after Trump triumph and optimism over China demand. Copper rose to a fresh one-year high on Wednesday, boosted by bets on a rise in infrastructure spending and continued optimism over China demand. Copper for December delivery settled up 2.9% at $2.4480 a pound...

James Rickards: The Petro Dollar Is Dead, Dollar Devaluation, Pensions Lost, World Currency

James Rickards is the Editor of Strategic Intelligence, a financial newsletter, and Director of The James Rickards Project, an inquiry into the complex dynamics of geopolitics + global capital. He is the author of The New Case for Gold (April 2016), and two New York Times best sellers, The...

Malaysia-China sign historic 14 agreements worth RM144b

PM Najib Razak says it is the biggest ever recorded with his official visit overseas and a historic achievement for both countries. Malaysian and Chinese companies made history today with the signing of 14 agreements worth RM144 billion. Prime Minister Najib Razak said the amount was the biggest ever recorded in...

Malaysia to award $18.3b KL-Kelantan rail project to China

Malaysia is awarding a RM55 billion (S$18.3 billion) rail project to China Communication Construction Company (CCCC), just two weeks after Prime Minister Najib Razak made public the plan to build the Kuala Lumpur-Kelantan line. The 620km mega project will be the third involvement of China firms in major projects in...

China, Malaysia pledge to narrow differences on South China Sea

Kuala Lumpur also agrees to buy four Chinese naval vessels as part of Najib Razak’s visit to Beijing. China and Malaysia vowed to deepen cooperation on the ­disputed South China Sea on Tuesday as Malaysian Prime Minister Najib Razak met Premier Li ­Keqiang in Beijing. Li called on Malaysia and China...

Saudis, China Dump Treasuries; Foreign Central Banks Liquidate A Record $346 Billion In US...

One month ago, when we last looked at the Fed's update of Treasuries held in custody, we noted something troubling: the number dropped sharply, declining by over $27.5 billion in one week, the biggest weekly drop since January 2015, pushing the total amount of custodial paper to $2.83 trillion,...

Wikileaks Provides An Update On The Assange Internet Outage

It seems that the Obama administration's efforts to save the presidential candidacy of Hillary Clinton is finally starting to yield tangible results as WikiLeaks just provided the following update that Julian Assange was cut off from using the Internet at the Ecuadorian embassy in London effective Saturday evening. We can...

America’s Russia Policy Has Failed

By any number of measures, Washington’s Russia policy has failed. While ostensibly suffering from diplomatic and economic isolation under a U.S.-led international sanctions regime, Moscow has succeeded in challenging a wide range of American interests, most notably in Ukraine, Syria, and cyberspace. Coming up with a new approach on Russia should therefore be a top priority for either President Hillary Clinton or President Donald Trump soon after Jan. 20, 2017.

Russia Reads US Bluster as Sign of War

As U.S. politicians and pundits have fun talking tough about Russia and demonizing President Putin, they are missing signs that Moscow isn’t amused and is preparing for actual conflict, writes ex-CIA analyst Ray McGovern. During the Reagan administration, I was one of the CIA analysts assigned to present to White...

Philippines open for business with China, says finance minister

Opportunities for the two countries to cooperate on infrastructure, says Carlos Dominguez. The Philippines' new government plans to court Chinese investment to fund an ambitious infrastructure programme, the latest sign of warming ties between the two nations that have been at loggerheads over territorial claims in the South China Sea. “The...

First Cracks Appear in the U.S. Alliance With the Philippines

The Philippines' president has heaped abuse on the United States for weeks, but now Rodrigo Duterte is backing up his words with action. His defense minister said Friday the Philippines has suspended joint naval patrols with the United States in the disputed waters of the South China Sea. Manila’s announcement...

Piped supplies of Russian gas to China start in 4yrs

The Power of Siberia gas pipeline, or the so-called eastern route, which is to deliver Russian natural gas to China, will become operational by 2020, according to China National Petroleum Corporation (CNPC) Vice President Xu Wenrong. "The Russia-China gas pipeline will be put in operation in 2019, in 2020 at...

IMF Officially Gives China A Seat at the Adult Table of World Economies

China has the world’s second-largest economy, but its currency, the renminbi, has long been kept out of the International Monetary Fund’s elite club of the world’s strongest national tenders. That changed this weekend. After years of liberalization reforms, the IMF announced Saturday the renminbi would join the bank’s group of...

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