Search Results for: china

US pressing for war with China in the South China Sea

US navy South China Sea

The US is in a tough spot militarily. In Syria, Russia and Iran have taken advantage of the fact that the plan hatched by the West and its regional allies to destabilize the Assad government took far too long to develop. The idea was to foment discord and provide covert support …

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Before and after images of Chinese military bases in South China Sea

Fiery Cross Reef after

There’s been no shortage of coverage both in these pages and elsewhere of China’s unprecedented land reclamation efforts in the Spratlys. While China isn’t the first country to create new territory in the disputed waters of the South China Sea, the scope of Beijing’s development (some 3,000 acres) sets it …

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China: America has lost face and is sick

China vs USA

Only hours ago the US government announced that a Chinese fighter jet had intercepted an American military patrol plane over international waters east of China’s Hainan Island. A Pentagon spokesman called China’s actions “unsafe and unprofessional”, and blasted such unprovoked aggression. There was no mention as to why a US …

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US trade deficit with China hits record high

China imports

Americans bought record amounts of goods from China in September, pushing the trade gap between the world’s largest economies to a historic high, according to U.S. Commerce Department data published Tuesday. September imports from the Asian giant hit $44.9 billion, up nearly 13% on the month, as the U.S. economy gained steam. The import and …

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China rocked by 3rd major explosion in a month

China explosion Shandong

Another huge blast at a chemical facility has reportedly occurred in the Chinese province of Shandong. The explosion, located in an industrial zone in Lijin, Dongying City, happened late on Monday, China‘s People’s Daily reported. The blast was so massive it could be seen and heard from a great distance. …

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4th unexplained explosion rocks China

Explosion in China industrial chemical plant

A fourth industrial explosion has rocked China, this time in the Zhejiang province. When the Tianjin explosion happened right after China’s currency devaluation (i.e. currency war), we were told by Chinese dissidents that the United States was engaged in “kinetic retaliation” against China for its cyber warfare attacks and currency moves. Naysayers insisted …

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China dumps record amount of US treasuries

Great Wall of China United States flag

On Friday, alongside China‘s announcement that it had bought over 600 tons of gold in “one month”, the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We then put China’s change in FX reserves alongside the total Treasury holdings …

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China is set to make waves in the gold market

Gold market China

From Filip Karinja, for Birch Gold Group With the recent launch of its yuan gold fix, China is making waves in precious metals markets. Traditionally, gold fixing was done at the London Bullion Market Association (LBMA). But finding themselves on the outside looking in, with gold prices dictated solely by the west, China …

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We should write the global economic laws, not China – Obama

Obama Xi Jinping China

The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China’s influence is growing. Washington hopes a Pacific free trade pact will curb Beijing’s investment bank. “When 95 percent of our potential customers …

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China claims gold reserves at end of 2016 a massive 12,100 tonnes

Chinese gold reserves 2016

China’s proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported on Monday quoting an official with the national gold association. China has been the world’s biggest gold producer for 10 years and the largest consumer of the metal for four years, it …

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IMF: China overtakes US as world’s largest economy

China vs USA

Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund. Chris Giles at the Financial Times flagged up the change. He also alerted us back in April this year that it was all about to happen. Basically, the method used by the IMF …

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China approves the creation of BRICS bank

China brics bank

The Chinese Parliament has ratified the creation of the BRICS Development Bank. The New Development Bank was conceived as a counterbalance to such Western-led financial institutions as the World Bank and the IMF. The new bank will provide money for infrastructure and development projects in BRICS countries, that is Brazil, …

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United States is facing global economic isolation

From Filip Karinja, for Birch Gold Group Just this week, former Treasury Secretary Larry Summers wrote an eye-opening and scathing op-ed outlining where America stands in the rapidly changing global economy. Titled ‘Time U.S. leadership woke up to new economic era’, the piece looks at the many ways in which the United …

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China’s plan to dominate the global gold market

China dominate global gold market

Status as one of the world’s biggest bullion importers, participation in the gold fix at the London exchange and a plan to establish a jewelry gold investment center in Shanghai has turned China into one of the leading players in the global gold market in 2016. Gold entered the New …

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Two explosions in China, one at US military base in Japan

Aftermath explosion China

To anyone who still doesn’t believe the world’s largest nations are already engaged in a global covert war involving kinetic weapons, currencies and cyber warfare, add this event to your list of things to ponder. Less than one day after another massive explosion destroyed a portion of Shandong, China, another explosion has …

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China wants to strengthen military ties with Iran

Iran and China military alliance

China wants to strengthen its military ties with Iran, the nation’s Defense Minister said today, confirming Beijing’s commitment to expand diplomatic and political connections with Tehran despite concerns over the Islamic Republic’s nuclear program. The Defense Minister of the People’s Republic of China Chang Wanquan said that the two nations’ …

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China passes law to protect whistleblowers who expose corruption

Whistleblower China

Chinese authorities have said, for the first time, that whistleblowers will receive legal protection amid the country’s ongoing fight against corruption. The Supreme People’s Procuratorate, the country’s top prosecuting body, said in a Tuesday statement that new regulations outline legal rights for those exposing corruption and other malpractice. It urged …

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5 trends that show China is about to redefine the gold market

China gold market

Apple spent about five years developing the iPhone, which has changed the smartphone market forever. Until the release, however, nobody could imagine what impact the iPhone would have on the market. And most consumers didn’t know about it at all. The same thing is happening with China and gold right …

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China slams G7 and its ‘authoritarian rule’

G7 leaders 2015

The Global Times, an official mouthpiece for China’s ruling Communist Party, has slammed the G7 for engaging in “authoritarian rule” and sidelining the importance of major developing countries. The leaders of the Group of Seven industrialized countries are currently meeting at the luxury Elmau Castle in Schloss Elmau, Germany. The …

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