Tag Archives: china

China experiences second biggest stock market crash, -8.48%

China stock market crash

After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China‘s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, ...

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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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Chinese stock market goes into free fall

China Chinese stock market Shanghai

Editor’s note: as we predicted 18 days ago – China’s stock market is about to collapse. China’s stock exchange regulator has imposed severe limits on stock market selling, having earlier warned of panic in the market as a range of recent government measures failed to prevent stocks plummeting a further 6%. After ...

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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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China to launch yuan gold fix by end of 2015

China gold shop yuan

China plans to launch a yuan-denominated gold fix by the end of 2015 via the Shanghai Gold Exchange (SGE), in a move aimed at giving the world’s biggest bullion producer and consumer more influence over pricing. The first public confirmation made by an exchange official comes after Reuters cited sources ...

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China’s stock market is about to collapse

China stock market crash

It’s been an ugly week for Chinese equities, but today’s performance is a whole other level of ugly: Today marked the fourth largest decline of the Shanghai Composite in two decades. We’ve discussed the insane valuations on the Shanghai and Shenzen stock-exchange before. As our regular readers will know, today’s fireworks have been a long ...

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China’s petroyuan set to knockout the petrodollar

Yuan Petroyuan dollar USD

From Filip Karinja, for Birch Gold Group This week the petrodollar was struck with a mighty blow. Russia’s third largest oil producer, Gazprom, announced that it will settle all crude sales to China in yuan, and thus officially ditch the dollar. With relations between China and Russia growing stronger by the day, ...

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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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US preparing for war with China and Russia to save the banks

Obama Putin Xi Ping

The United States is preparing for a possible war against China and Russia aimed at preventing the collapse of the Western banking system, an American political commentator and activist says. Michael Billington, Asia editor for the Executive Intelligence Review and author of Reflections of an American Political Prisoner: the Repression and Promise of ...

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United States is already at war with China, Russia and Iran

USA cyber command

Top economic and political experts say we’re drifting towards World War 3. And see this. We noted in March that we’re already at war with Russia. Many experts agree… Former White House official Dr. Philippa Malmgren – former presidential adviser and member of the U.S. President’s Working Group on Financial Markets – said last December ...

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