Search Results for: china

Rare public demonstration in China

Protesters take to the streets of Qidong over industrial waste pipeline Riot officers called in after cars are overturned and government buildings are ransacked   These dramatic scenes show the moment a protester clashed with police in China as they were outnumbered by hoards of officers. Around 1,000 demonstrators marched …

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Apple products made with child labor – internal report

Child labor Apple

Apple Inc. used child labor in the making of its products by employing 106 underage workers across 11 facilitates in 2012, an internal audit revealed. According to a report, the company also discovered wage problems and forced pregnancy tests. Apple’s annual ‘Supplier Responsibility’ report, which includes nearly 400 audits, 72 per …

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China warns Soros against ‘declaring war’ on its currency

George Soros China

China’s official newspaper warned billionaire investor George Soros not to bet against the Yuan in a front-page opinion piece, as China tries to boost confidence in its home currency, also known as the renminbi, which has dropped 5 percent since August. “Soros’s war on the renminbi and the Hong Kong …

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China becomes world’s second largest stock market, overtaking Japan

China stock market

The capitalization of the Chinese stock market increased 33 percent in 2014 reaching $4.48 trillion, which makes the market second only to the US. Japan’s stock market declined 3.2 percent to $4.46 trillion in 2013, according to Bloomberg analysts. The Chinese market surge came hot on the heels of allowing …

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Russia & China sign currency swap deal worth $25 billion

Yuan China

The central banks of China and Russia have signed a 3-year ruble-yuan currency swap deal up to $25 billion, in order to boost trade using national currencies and lessen dependence on the dollar and euro. On Monday, China’s Central Bank announced the 150 billion yuan (815 billion ruble) currency swap …

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HSBC is broke; restricts large cash withdrawals

HSBC sign

Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer’s co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itself, news from the BBC that HSBC is imposing restrictions on large cash withdrawals raising a …

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$5 million worth of bitcoin vanish in China

China bitcoin

A Chinese bitcoin trading platform suddenly shut down and up to $5 million worth of bitcoin disappeared with it, a reminder of the great risk associated with the digital currency. Users were unable to log into the Chinese bitcoin platform Global Bond Limited (GBL) on October 26, and as much …

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China destroys multiple shipments of GM corn from US

GMO corn

Several large shipments of genetically-modified (GM) corn and corn seeds originating from the U.S. have been destroyed by the Chinese government after being discovered by import officials at numerous locations across the country. At least three shipments of GM corn detected at the Wanzai Port in Zhuhai City near Macau …

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China admits pollution brought about ‘cancer villages’

China pollution

A child drinks water near a stream in Fuyuan county. The Chinese government has admitted for the first time that so called ‘cancer villages’ exist, as decades of pollution take their toll on the health of Chinese citizens. For years environmental campaigners in China have said that cancer rates in …

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The Tiananmen Square “Tank Guy” was even braver than we knew

This is the iconic picture of the brave protester facing down tanks in Tiananmen Square: Here is another photo, with a slightly wider view: But this newly-surfaced photo with a much wider view shows that he didn’t face 4 tanks … but scores of tanks: And watch this incredible video of the …

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China, Russia, Norway, Brazil, Taiwan dump US treasuries

US treasuries being dumped

Five large purchasers of US Treasuries – China, Russia, Norway, Brazil, and Taiwan – have changed their minds. They’re dumping Treasuries, each for their own reasons that are now coinciding. And at the fastest rate on record. For the 12-month period ended July, sales of Treasuries by central banks around the world …

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iSlave: Foxconn workers strike over iPhone 5 demands

iSlave iPhone 5 Foxconn

Thousands of factory workers at Foxconn went on strike Friday to protest their working conditions on the iPhone 5’s production lines, according to a report from an independent workers’ rights organization. Workers at Foxconn’s plant in Zhengzhou, China, were furious after management enacted “overly strict demands” for production of Apple’s (AAPL, Fortune …

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Dollar no longer primary oil currency as China begins to sell oil using Yuan

oil pump man

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970’s, when Henry Kissinger forged a trade agreement with the Royal house of …

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Gold: Comex paper vs. Shanghai physical

Shanghai gold exchange

Chinese gold demand, from both individuals and central banks, garnered increasing attention as the gold price rose consistently in the last twelve years. When the gold price declined, many in the West declared the end of gold, but China (along with many other Asian nations) defiantly continued to buy gold and …

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Dollar collapse: 7 of 10 Asian countries turn to yuan

USD Dollar Yuan money

A “renminbi bloc” has been formed in East Asia, as nations in the region abandon the US dollar and peg their currency to the Chinese yuan — a major signal of China’s successful bid to internationalize its currency, a research report has said. The Peterson Institute for International Economics, or …

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Chavez condemns West for supporting ‘terrorists’ in Syria

Venezuelan President Hugo Chavez

Venezuelan President Hugo Chavez says Caracas backs Russia and China in dealing with the issue of Syria’s unrest, condemning the West for funding “terrorists to destabilize” the Middle Eastern country. Chavez made the remarks during a news conference upon his return from a trip to Brazil, stressing that Damascus should …

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China calls for world to ‘de-Americanise’

America

China’s official news agency has called for the creation of a “de-Americanised world”, saying the destinies of people should not be left in the hands of a hypocritical nation with a dysfunctional government. Heaping criticism and caustic ridicule on Washington, the Xinhua news agency called the US a civilian slayer, …

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