Tag Archives: china

China joins Russia, Syria in fight against western backed ISIS

China aircraft carrier ISIS Syria

China will be helping out the Syrian government in the fight against Islamic State (IS, formerly ISIL/ISIS) by sending “military advisers,” media reports have claimed. “The Chinese will be arriving in the coming weeks,” a Syrian army official told the Lebanon-based news website Al-Masdar Al-‘Arabi. The report claims that a Chinese naval …

Read More »

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 …

Read More »

China to dump the US dollar in oil trade

China crude oil yuan

China is planning to launch its own oil benchmark in October, similar to Brent and WTI, striving for a more important role in establishing crude prices. Unlike the Western benchmarks, the Chinese contracts will be nominated in the yuan, not the US dollar. Shanghai International Energy Exchange sent a draft …

Read More »

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 …

Read More »

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. …

Read More »

Citigroup braces for global recession, calls for QE in China

China QE Chinese yuan

China has bungled its attempt to slow the economy gently and is sliding into “imminent recession”, threatening to take the world with it over coming months, Citigroup has warned. Willem Buiter, the bank’s chief economist, said the country needs a major blast of fiscal spending financed by outright “helicopter” money …

Read More »

Stock market set for more volatility as China dumps US bonds

Stock market volatility US

From Filip Karinja, for Birch Gold Group Stock markets around the world faced immense volatility this past week. To begin the week, Wall Street was down 1,000 points on Monday’s opening bell. And trading in the single session was halted 1,200 times alone! In a market that typically only experiences a handful of halts per …

Read More »

Fake Goldman Sachs bank found in China

Goldman Sachs China

Famous for making fake iPhones, Louis Vuitton bags and Rolex watches, China managed to surprise the world once again. A Goldman Sachs (Shenzhen) Financial Leasing Company was found operating in the country without any connection to the US investment giant. “We don’t have any connection with the US Goldman Sachs, …

Read More »

China’s central bank cuts interest rates

China flag central bank PBOC

China took fresh moves to free up money for its slowing economy, after global investors expressed concerns over Beijing’s management of the world’s No. 2 economy. The country’s central bank said in a statement on Tuesday that it cut interest rates by one-quarter of a percentage point and reduced bank-reserve requirements …

Read More »

China’s stock market crashes another 8%

China stock market crash Shanghai

China‘s benchmark Shanghai Composite index is down more than 8 percent in Monday trading. The market is now down 37 percent from its June peak. Over the last month, the Chinese government has taken extreme measures to reverse the stock market‘s decline. The decline in Shanghai was part of a …

Read More »