Search Results for: 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 …

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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, …

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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 …

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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 …

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China devalues its currency for three days straight

Chinese yuan notes China

From Filip Karinja, for Birch Gold Group Former President George Bush is famous for once saying, “Fool me once, shame on you. Fool me… you can’t get fooled again.” Most of us know that it’s supposed to end, “Fool me twice, shame on me.” But what’s said when you get fooled …

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China fires back in currency war, devalues yuan for second day running

China Yuan note coins

China stunned the world’s financial markets on Wednesday by devaluing the yuan for the second consecutive day, triggering fears that the world’s second largest economy is in worse shape than investors believed. The move sent fresh shockwaves through global markets, pushing shares sharply lower and sending commodity prices further into reverse …

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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 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 builds first all robot factory, replacing humans

China robot factory

Having devoured many of the world’s factory jobs, China is now handing them over to robots. As part of a major push towards automation, the first robots-only factory is being built in China’s Dongguan manufacturing hub, reducing human employees to a bare minimum. The factory, owned by Shenzhen Evenwin Precision Technology …

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New Zealand and NSA plotted to cyber hack China

John Key Xi Jinping China NZ

New Zealand spies teamed up with National Security Agency hackers to break into a data link in the country’s largest city, Auckland, as part of a secret plan to eavesdrop on Chinese diplomats, documents reveal. The covert operation, reported Saturday by New Zealand’s Herald on Sunday in collaboration with The Intercept, …

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Japan overtakes China as largest US debt holder

Japan markets

Japan now officially holds more US debt than China, which has been America’s major creditor since 2008. In February Japan held $1.224 trillion in US government bonds compared to China’s $1.223 trillion. Both countries reduced their US debt investment, with China reducing its by $15.4 billion, and Japan by $14.2 …

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China is almost ready to replace the US dollar

Chinese Yuan world reserve currency

From Filip Karinja As the US dollar’s reign as global reserve currency appears to be ending, are we seeing the beginning of a new dawn in the east? Throughout history, global reserve currencies have proven to last for only so long. Before the United States’ currency reigned supreme, the currencies of …

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Chinese renminbi is now directly tradable with the euro

USD dollar Renminbi China

The Chinese central bank, People’s Bank of China, issued a press release announcing the authorization of direct trading between the renminbi and the euro on the inter-bank foreign exchange market. This is huge. The euro is the second most traded currency in the world, after the US dollar. The European Union is …

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Argentina and China sign $1b currency swap deal

currency swap China Argentina

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s …

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China warns Australia to choose “Godfather” – China or U.S.

america china

It is rare in diplomatic circles for governments to speak bluntly, particularly in the Orient, where manners are highly prized. The exceptions to this rule are retired military officers, who are often able to voice sentiments too impolitic for other channels. One of the more startling pronouncements in this vein …

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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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Air pollution in China reaches hazardous levels

China Beijing pollution smog

Beijing raised its pollution alert from yellow to orange, the second highest, Friday as pollution levels reached 20 times recommended limits. By 4pm Friday the Air Quality index in Beijing reached 470, with anything over 300 considered severe pollution, while in neighboring Hebei province Dangerous PM2.5 particles climbed above 500 …

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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: 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 will lose the trade war with China – Jim Rogers

US trade war China investor Jim Rogers

If the Trump administration puts sanctions on China, this would hurt America more because it just forces China and Russia and other countries to cooperate, says investor and financial commentator Jim Rogers. US Treasury Secretary Steven Mnuchin warned on Tuesday that the US could impose economic sanctions on China if …

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