CHINA | WHAT REALLY HAPPENED


CHINA

Apr 07 06:52

China, holding Treasuries, keeps 'nuclear option' in U.S. trade war

In a tit-for-tat response to the Trump administration’s plan for 25 percent duties on $50 billion of Chinese imports, China hit back with its own list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals. But officials signaled no interest for now in bringing their vast holdings of U.S. Treasuries to the fight.

China held around $1.17 trillion of Treasuries as of the end of January, making it the largest of America’s foreign creditors and the No. 2 overall owner of U.S. government bonds after the Federal Reserve. Any move by China to chop its Treasury portfolio could inflict significant harm on U.S. finances and global investors, driving bond yields higher and making it more costly to finance the federal government.

Apr 07 06:45

China launches massive navy drills with 40 warships in the South China Sea as three US aircraft carrier battle groups sail by

CHINA launched a massive navy drill in the South China Sea with 40 warships in an overt display of military muscle- as three US carrier battle groups passed by.

Chinese state media says the exercises are centred on the aircraft carrier Liaoning, with warships combining from the North, East and South Sea fleets.

Apr 07 06:44

Here Are China's Five Options For "Nuclear" Trade War

After Trump ordered the USTR to consider an additional $100BN in tariffs, something we said on Wednesday would happen if the market was dumb enough to allow Trump to think he had a trade war victory by closing green...

...China has suddenly found itself in a quandary: as we showed first thing this morning, if Beijing were to continue responding to the US in a "tit-for-tat", it would be unable to retaliate to the latest Trump salvo of a total $150 billion in tariffs for the simple reason that the US does not export $150 billion in products to China.

Apr 07 06:42

US Deploys Three Carrier Battle Groups To Face-Off Against Chinese Aircraft Carrier In South China Sea

Last week, we reported that satellite images had captured China’s only aircraft carrier in deployment, the Liaoning, flanked by 40 other warships and submarines, conducting unprecedented live-fire drills in the South China Sea. This massive Chinese naval exercise was observed for the first time, with China watchers pointing out that such a forceful display of deterrence was highly unusual for the People’s Liberation Army Navy. Perhaps in light of recent events, it was merely a warning.

Li Jie, a Beijing-based naval specialist, said, “it was the first time the Liaoning had taken part in live-fire drills. This will test the Liaoning’s real combat strength as well as joint-operations skills between the aircraft carrier and warships from other fleets.”

Apr 07 06:31

Petro-Yuan To Launch Renminbi As Global Currency & Kneecap Petro-Dollar

Yuan-backed oil futures can shatter the US dollar dominance on the crude market, according to experts polled by RT. However, the greenback will not give up the top spot easily.

“The question number one is whether China will be able to make the oil market its demand market, and not the oil supply market traded in dollars, which it is now,” Vladimir Rozhankovsky, Global FX Investment analyst, told RT. China has recently overtaken the US as the world's number one oil buyer.

The question number two is trade wars ... ">>>
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“The trade war between the US and China has already begun. China has plans to promote the renminbi as a reserve currency and there is no better move than to purchase raw materials in its national currency. It can save money on the currency conversion and become less dependent on the US dollar,”
Stanislav Werner, head of the analytical department of Dominion, told RT
>>>

Apr 07 05:45

DOES TRUMP EVEN HAVE AN ENDGAME IN TRADE WAR WITH CHINA ?

Cooler heads could still prevail, but it seems unlikely as Beijing and Washington up the stakes in a tit-for-tat spat that could play havoc with the world

Back in 2003, at the start of America’s disastrous invasion of Iraq, then Major General David Petraeus, commanding the US 101st Airborne Division driving toward Baghdad, famously asked my Washington Post colleague Rick Atkinson: “Tell me how this ends.”

That phrase – both a question and a plaintive plea – came to capsulate the entire unplanned and ill-fated Iraq misadventure, from which the US is still struggling to extricate itself. But the question is equally applicable today, as America once again seems bent on blindly stumbling into a new conflict with inadequate preparation, unclear goals and with no clear exit strategy – a possible trade war with China.

I say “possible” because, despite all the huffing and puffing, common sense could still prevail and the US and China could pull back from the brink. But that would require a remarkable public climbdown by US President Donald Trump>>>

Apr 07 05:32

China Should Hit US ‘So Hard It Remembers The Pain’

As trade dispute grows, China’s state media says Beijing should hit US so hard ‘it remembers the pain’
Communist Party mouthpiece People’s Daily says White House has ‘completely lost its sense of reality’

China’s state media has rallied against the United States, warning its trade protectionism actions would end in defeat and that the only option now was to hit the US hard enough so it would “remember the pain”.

“If the US says that it will pay any price, it must be firmly attacked,” Xinhua said on Saturday.

China warned on Friday it was ready with a “fierce counter strike” of fresh trade measures if Washington followed through on President Donald Trump’s threat to impose tariffs on an additional US$100 billion worth of Chinese goods.

>>>

Apr 07 05:22

US politicians break ranks over Trump’s trade moves on China 

US Republicans defy party line to denounce Donald Trump’s ‘nuts’ trade moves against China
‘This is the dumbest possible way to do this,’ Republican senator Ben Sasse said after the US leader threatened to levy a bigger set of tariffs on Chinese goods
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One of Trump’s critics from within the Republican camp, Nebraska Senator Ben Sasse, denounced the president’s new ploy as “nuts” and “dumb”.
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"He's threatening to light American agriculture on fire,” the senator said. “Let's absolutely take on Chinese bad behaviour, but with a plan that punishes them instead of us.
***
Straying from the traditional party view for the Democrats was Elizabeth Warren.

The Massachusetts senator, who is normally a fierce Trump critic>>>

Apr 06 19:16

Chinese navy carries out live-fire drills with more than 40 warships in the South China Sea as three US aircraft carrier battle groups prepare for their own exercises

The Chinese navy has launched a navy drill in the South China Sea involving 40 ships to put on a show of strength as three U.S carrier battle groups pass by.

According to its state media, are centred on the aircraft carrier Liaoning, with warships combining from the North, East and South Sea fleets.

The exercises for the first time also involve its only aircraft carrier, the refurbished Soviet era vessel Liaoning, taking part in live-fire drills.

Apr 06 13:18

Stocks Tumble As China Urges Americans To Rise Up Against "Unscrupulous" President

The war of words between President Trump and 'everyone else' continues to heat up, with market conniptions managed for now by Kudlow's "good cop" headlines to Trump's "bad cop" histrionics.

China, which is a great economic power, is considered a Developing Nation within the World Trade Organization. They therefore get tremendous perks and advantages, especially over the U.S. Does anybody think this is fair. We were badly represented. The WTO is unfair to U.S.

But it appears China's Xinhua news - unofficial mouthpiece of the Party - has sparked some more concerns as an op-ed calls for open rebellion against President Trump...

Webmaster's Commentary: 

A war of words can escalate, very quickly, into a shooting war, and the US military is singularly and spectacularly unprepared for a war against China.

Apr 06 12:58

IS CHINA THE BLACK SWAN ?

Apr 06 11:47

'IF MY PLANE EXPLODES, ASK THE CIA’ – DUTERTE AFTER REQUESTING ARMS FROM RUSSIA & CHINA

Philippines President Rodrigo Duterte isn’t ruling out that the US might be very annoyed and consider his decision to procure weapons from China and Russia a threat, after Washington refused to supply Manila with arms.
The Philippines has been seeking modern weapons and small arms to step up combat against ISIS-linked Islamists, ever since Duterte assumed office in June 2016. However, Washington’s refusal to sell assault rifles, over concerns about the country’s human rights record amid the ongoing war on drugs, has forced Duterte to seek new suppliers. Manila, which has long depended on the US for weapons, turned to China and Russia to fill the gap.

READ MORE: Philippines ‘very seriously’ concerned that US intelligence tags Duterte a ‘threat to democracy’

Webmaster's Commentary: 

Duterte has a very clear grasp of how the United States government deals with governments it does not like.

Apr 06 09:28

Stocks Tumble As China Urges Americans To Rise Up Against "Unscrupulous" President

"We are fully able to inflict as same losses on the US as those on China. The US will have to repay whatever loss and harm it has caused on China with huge economic and political cost... [Americans] must choose whether to support Trump's unscrupulous move or to hold the president accountable."

Apr 06 08:38

Russia to Join U.S.-China South China Sea Face Off After Vietnam Pact

Russia has agreed a new military cooperation roadmap with Vietnam, which could bring Moscow into the ongoing power struggle between the China and the U.S. in the South China Sea.

The deal was signed by Russian Defense Minister Sergei Shoigu and his Vietnamese counterpart General Ngo Xuan Lich in Moscow on Wednesday, Russian news agency TASS reported.

The agreement—signed on the sidelines of the seventh Moscow Conference on International Security—set out the details of military cooperation between the two countries from 2018 until 2020. Gen. Ngo told Shoigu he was pleased that Russia and Vietnam were taking steps to increase their military and naval coordination.

Apr 06 08:30

US Considering Additional $100B in Tariffs on Chinese Imports

United States President Donald Trump expressed more intense interest in taxing goods imported from China on Thursday "in light of China's unfair retaliation" to tariffs Trump announced earlier this week.

Apr 06 08:14

flashback: The Young Jet Li, President Nixon, and the White House

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The highlight of this special delegation came in the Rose Garden when Jet Li put on a wushu demonstration in front of a prestigious audience, which included former President Richard Nixon and Secretary of State Henry Kissinger.

After the performance, an impressed President Nixon approached him and asked, “Young man, your kung fu is very impressive. How about being my bodyguard when you grow up?” Without much hesitation, the young Li blurted, “No, I don’t want to protect any individual. When I grow up, I want to defend my one billion Chinese countrymen!”

His response stunned everyone, and it was Kissinger who broke the silence by allegedly saying, “Heavens, such a young boy and he already speaks like a diplomat!” Needless to say, the Chinese government was very pleased with his response>>>

Apr 06 07:37

Russia And China Stress Closer Ties In Face Of US ‘Unilateralism’

Foreign Minister Wang Yi says Moscow and Beijing must ‘bring common sense to those who think they can do anything theylike’

China and Russia have denounced what they described as America’s unilateralism as both sides sought to flag up their increasing rapport.

They have pledged to deepen their political and military ties at a time when Moscow is facing international isolation over the poisoning of a former spy and his daughter in Britain, and China is becoming embroiled in a tit-for-tat over trade with the US.

Chinese State Councillor and Foreign Minister Wang Yi visited Moscow this week for talks with his Russian counterpart and both sides used the opportunity to criticise the US while highlighting their closer military and political cooperation.

>>>

Apr 06 06:57

How would Trump’s extra US$100 billion tariffs affect Hong Kong?

Commerce minister identifies three areas that may indirectly affect Hong Kong, while economist describes Trump’s actions as ‘all sizzle and no steak’

Hong Kong could be indirectly affected by a further US$100 billion tariffs on Chinese imports, the city’s commerce minister has said, after US president Donald Trump threatened to escalate the trade war on Friday morning

Secretary for Commerce and Economic Development Edward Yau Tang-wah identified three areas where Hong Kong could be hit by the new proposals: entrepot trade, investment in Chinese-made products and the financial market

Trump accused China of “unfair retaliation”>>>


(*what 'unfair retaliation' looks like when Western style boxing challenges Chinese style martial arts)

Apr 06 06:43

Look closely, Trump has zero ammo in trade war with China

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Curiously, however, the US seems to be at a loss to explain why or how China’s technology transfer policies and practices amount to a legal violation of its international treaty obligations, notably of its related commitments to the WTO Trips (Trade-related Aspects of Intellectual Property Rights). At a WTO Dispute Settlement Body (DSB) meeting in Geneva barely five days after issuing the Section 301 report, the US representative let it be quietly known that on the first, third and fourth counts, China’s practices involving technology or intellectual property transfer did not implicate any specific WTO TRIPS-related obligation. In other words, China’s policies and practices were entirely compliant with its international treaty commitments.

>>>

Apr 06 06:24

China To Launch Remote Sensing Satellites For Pakistan In June

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The satellite will monitor ocean wind and waves.

>>>

(*but our intelligence services are still capable of turning it into something for the masses to fear , right ?
whitehorse souce)

Apr 06 06:11

Taiwan Official's Remarks On Independence Dangerous: mainland spokesperson

-- A Taiwan official's recent remarks on independence are dangerous and presumptuous, said Ma Xiaoguang, a spokesperson for the Taiwan Affairs Office of the State Council, on Monday.

Ma made the comment in response to remarks advocating "Taiwan independence" by the island's executive head, Lai Ching-te.

The spokesperson said Lai's words harm peace and stability across the Taiwan Strait and the fundamental interests of compatriots on both sides, especially Taiwan compatriots.

Ma reiterated that the Chinese mainland and Taiwan belong to one and the same China.>>>

Apr 06 05:44

Trade dispute escalates as Trump threatens $100 billion more in China tariffs

***
"This is what a trade war looks like, and what we have warned against from the start," said National Retail Federation President and CEO Matthew Shay.

"We are on a dangerous downward spiral and American families will be on the losing end," Shay added in a statement, urging Trump "to stop playing a game of chicken with the U.S. economy."

>>>

(*well , it's plain to see that the Writer at Reuters is unable to comprehend this 'stroke off genius' )

Apr 05 15:38

It's not about trade: Trump's power struggle with China may end in war

"It was the rise of Athens and the fear that this instilled in Sparta that made war inevitable," said the Greek general in his History of the Peloponnesian War. Our modern textbook case was Franco-British fear over the rise of Wilhelmine Germany before the First World War (or was it Germany's fear of Tsarist Russia?).

China is no longer a trade "sinner". The US Treasury deems Germany to be a greater violator (via the euro). But that is not what this dispute is really about. The message that emanates from Bolton and Navarro is that China is an elemental threat to US strategic interests and must be checked before it is too late.

This is all too like the thinking of Sparta's Archidamus in 430BC, or the thinking of Germany's high command about Russia in 1914.

Apr 05 12:53

China Declares Trade War Victory: Gloats At US "Suffering" After "Crushing Counterattack"

Barely a day after China dropped the hammer on US stock markets by unveiling retaliatory tariffs on $50 billion in US imports that - unlike US measures that mostly targeted obscure industrial products - actually struck at key industries like soybean farmers, automobiles and airplanes, the Communist Party crowed about what it already sees as its "victory" in the nascent trade war in an editorial published by the Global Times, China's state-owned, English-language tabloid and extremely hawkish party mouthpiece.

In the editorial, China swatted away US claims - repeated most recently by Larry Kudlow during this morning's interview with Fox Business's Maria Bartiromo - that China has somehow victimized the US via its trade agreements while gloating about the leadership's decision to strike at a "massive weak spot" for the US economy.

Apr 05 10:34

China, holding Treasuries, keeps 'nuclear option' in U.S. trade war

It took China just 11 hours to retaliate against the United States for proposing tariffs on some 1,300 Chinese products, but Chinese officials are holding back on taking aim at their largest American import: government debt.

In a tit-for-tat response to the Trump administration’s plan for 25 percent duties on $50 billion of Chinese imports, China hit back with its own list of similar duties on key American imports including soybeans, planes, cars, beef and chemicals. But officials signaled no interest for now in bringing their vast holdings of U.S. Treasuries to the fight.

Apr 05 09:36

Will America Accept Its Defeat or Challenge the Bear and the Dragon?

Russia introduced China to Syria during the war when the Chinese navy arrived in the Mediterranean and reached the shores of Tartous and Lattakia to send a message to America and its allies that the monolithic dominance of the world was over.

There are thousands of Chinese jihadists who fought with ISIS and al-Qaeda and Beijing was concerned, willing to see all these killed in Syria. Cooperation between the Chinese and the Syrian intelligence services was established. Damascus has a unique and a very rich bank of information about foreign fighters many countries in the world would like to have access to, since over 80 nationalities of foreign fighters were allowed into Syria in a failed attempt to topple the regime and establish an Islamic State.

Apr 05 08:21

From Ankara to Moscow, Eurasia integration is on the move

The Russia-led Eurasia Economic Union is spreading its wings and gaining strength, with some key projects, big players and big plans in the pipeline

Apr 04 09:54

Trade War Round 2: US Releases China Tariff List Targeting 1,300 Products

Assuring that a second retaliation by China in the escalating trade war is just a matter of days if not hours, moments ago the US Trade Representative released a list of Chinese product subject to 25% tariffs as part of Trump's Section 301 crackdown on Beijing Intellectual Property abuses, focusing on China's high tech product push.

The list covers about 1,300 tariff lines, or 44 pages, the USTR said referring to a system of codes used to categorize products. It added that the value of the list is approximately $50 billion in terms of estimated annual trade value for calendar year 2018, a level which is "appropriate both in light of the estimated harm to the U.S. economy, and to obtain elimination of China’s harmful acts, policies, and practices."

Some example of are shown below:

Apr 04 07:45

China announces new tariffs on 106 US products, including soy, cars, and chemicals

China announced additional tariffs on 106 U.S. products on Wednesday, in a move likely to heighten global concerns of a tit-for-tat trade war between the world's biggest economies.

Apr 04 06:20

Will America Accept Its Defeat or Challenge the Bear and the Dragon? Part 2: The Middle East

The US believes it can corner Russia, China and Iran: Russia has a 7,000 kilometre border with China, Iran is not Iraq and Syria is not Afghanistan.
***
Putin did not declare war on America but extended his hand and tried to build friendship or at least not enmity. But Washington saw in Moscow the potentiality to recover in a couple of decades and worked on slowing down the process or interrupting it if possible. This is why the US started to pull to its side many countries of the ex-Soviet Union which have declared independence and include these in NATO and in the European Union surrounding Russia.

China, which includes cheap labor and can clone any commercial or military technology, like Russia has perceived America’s fear of its rapid economic development and wealth. Thus, the Chinese-Russian rapprochement was mainly created by the aggressive US policy towards the two countries, and this mainly because the American concentrate exclusively on military muscle when dealing with the World.

>>>

Apr 04 06:07

Durden: America Must Know How Close Chinese and Russian Armies Are'

***
Aparently, China and Russia are strengthening their ties in order to make a clear statement to the United States. To do that, Beijing sent a delegation to Russia to show Washington the unity of Russian and Chinese military forces and “support” Russia at the 7th Moscow Conference on International Security.

Chinese Defense Minister Wei Fenghe voiced strong support for Russia during the talks with his Russian counterpart, Sergey Shoigu.>>>

Apr 04 06:01

We came ‘to let US know’ about close military ties with Russia – Chinese defense minister in Moscow

We came ‘to let US know’ about close military ties with Russia – Chinese defense minister in Moscow

Beijing has sent a delegation to Russia to show Washington the unity of Russian and Chinese military forces and “support” Russia at the 7th Moscow Conference on International Security.

Chinese Defense Minister Wei Fenghe voiced strong support for Russia during the talks with his Russian counterpart, Sergey Shoigu. While stressing “the united position” on the international arena, the minister said that one of the main goals of the visit was to send a message to Western powers.

“The Chinese side came to let the Americans know about the close ties between the Russian and Chinese armed forces,” Wei said.

>>>

Apr 03 09:48

We came ‘to let US know’ about close military ties with Russia – Chinese defense minister in Moscow

Beijing has sent a delegation to Russia to show Washington the unity of Russian and Chinese military forces and “support” Russia at the 7th Moscow Conference on International Security.

Chinese Defense Minister Wei Fenghe voiced strong support for Russia during the talks with his Russian counterpart, Sergey Shoigu. While stressing “the united position” on the international arena, the minister said that one of the main goals of the visit was to send a message to Western powers.

“The Chinese side came to let the Americans know about the close ties between the Russian and Chinese armed forces,” Wei said.

Apr 03 08:45

Furious China ramps up support for Russia on Skripal, calls West’s actions “outrageous”

Global Times says West disregards due process, bullies Russia, no longer leads world community, threatens other nations,

Apr 03 06:40

Russia and China to Merge Satellite Tracking Systems Into One Global Navigation Giant

Moscow and Beijing will team up to create an integrated navigation system based on Russia’s Global Navigation Satellite System (GLONASS) and the Chinese BeiDou. The system will cover most of Eurasia. The countries will reportedly negotiate the merger in May at the International Conference on Advanced Technologies in Manufacturing and Materials Engineering in the Chinese city of Harbin, Izvestia daily reports. The initiative to merge the two separate systems is the result of a proposal made by the Chinese authorities to the Russian Federal Space Agency, Roscosmos. It is intended to create a joint global navigation satellite system, covering the countries of the Shanghai Cooperation Organization, which include China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, Uzbekistan, India and Pakistan.

Apr 03 05:58

Chinese defense minister comments on Moscow International Security Conference

The Chinese delegation has arrived to the seventh Moscow International Security Conference to show the US the close ties between Russia and China and express their common position on international issues, said General Wei Fenghe, Chinese Minister of National Defense, at Tuesday’s meeting with Russian Defense Minister Sergey Shoigu. According to Wei Fenghe, the visit was coordinated with China’s President Xi Jinping. "I am visiting Russia as a new defense minister of China to show the world a high level of development of our bilateral relations and firm determination of our Armed Forces to strengthen strategic cooperation... Second, to support the Russian side in organizing the Moscow International Security Conference the Chinese side has come to show Americans the close ties between the Armed Forces of China and Russia, especially in this situation. We’ve come to support you," Wei Fenghe said.

Apr 03 05:06

Russia ready to take USA's place as China's primary agricultural supplier

China showed a mirror response to the USA in the war of protectionist tariffs. What are the starting positions of the parties in the war that has begun and can Russia become its beneficiary? How far can China go? On Monday, April 2, in response to Donald Tramp's decision to raise import duties on a number of Chinese goods, primarily steel and aluminum, Beijing imposed sanctions on imports of 128 goods from the US, officials with the Chinese Ministry of Finance said. The restrictions have affected such goods as wine, pork and fruit. The responsive measures were evaluated at three billion dollars, while the measures of the US cost $60 billion. These are incomparable amounts, which means that the response from China will continue.

Apr 02 14:31

China's tariff hikes: Here are the U.S. products getting hit

hina is placing new tariffs on 128 products bought from the U.S. as retaliation against taxes approved by President Trump on imported steel and aluminum.

The new tariffs will go into effect today, April 2, the Chinese finance ministry said in a statement. The announcement follows through on warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.

China's Customs Tariff Commission is increasing the tariff rate on eight imported U.S. products, including pork, by 25 percent. It's also imposing a new 15 percent tariff on 120 imported U.S. commodities, including fruits.

The tariffs mirror Mr. Trump's 25 percent charge on imported steel and 15 percent hike on aluminum. Mr. Trump's tariffs are partly a response to complaints that Beijing steals or pressures foreign companies to hand over technology.

Below are some of the products that will face tariffs from China:

Apr 02 10:03

China Taking First Steps In Paying For Imported Crude Oil In Yuan Instead Of The U.S. Dollar

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three people with knowledge of the matter told Reuters>>>

Apr 02 07:52

Trade War: China slaps tariffs on 128 US products

The trade war between China and the US escalated on Monday, with Beijing slapping a tariff as high as 25 per cent on 128 American products.

China`s tit-for-tat move comes after US President Donald Trump announced to imposed trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning.

Apr 02 01:23

China Can Succeed With Petro-Yuan Where Gaddafi Failed – Killing The US Dollar In Oil Trade

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT.

“Ideas related to oil trade in currencies other than the dollar arose more than once. Some of them were severely suppressed by the United States, one example is Muammar Gaddafi, who proposed the introduction of a regional currency gold dinar and trading oil in the Middle East in this currency,” Aleksandr Egorov, foreign exchange strategist at TeleTrade, told RT.

However, this time, an attempt to oust the dollar could be successful. China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.

>>>

Apr 01 16:10

In Unprecedented Move, China Plans To Pay For Oil Imports With Yuan Instead Of Dollars

Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar's supremacy as global reserve currency (and internationalizing the Yuan) when on Thursday Reuters reported that China took the first steps to paying for crude oil imports in its own currency instead of the US Dollars.

Apr 01 16:09

China Slaps Tariffs On US Imports Including Pork, Nuts And Wine

As previewed one week ago, late on Sunday China unveiled new retaliatory duties on US food imports including pork, nuts, wine and fruits of between 15% and 25% in response to Trump administration’s Section 232 tariffs on steel and aluminum imports.

Apr 01 06:56

China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT.

“Ideas related to oil trade in currencies other than the dollar arose more than once. Some of them were severely suppressed by the United States, one example is Muammar Gaddafi, who proposed the introduction of a regional currency gold dinar and trading oil in the Middle East in this currency,” Aleksandr Egorov, foreign exchange strategist at TeleTrade, told RT.

However, this time, an attempt to oust the dollar could be successful. China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.

Mar 31 23:34

Chinese Satellite TIANGONG 1 Live tracking

UPDATE: Tiangone 1 has reentered the atmosphere over the South Pacific.

Where it stops no body knows. It's about to be directly over Melbourne Aus.
All the Places Tiangong-1 Won’t Land (and Where It Still Might)
YouTube page also includes a chat box.

Mar 31 17:16

2018-2028: The Most Dangerous Decade

By Chris Kanthan

Every 80 years, nations often experience colossal events. There are different theories about this cycle – for example, the Fourth Turning theory focuses on the cyclical strengths of institutions versus individuals. Others surmise that four generations after a major crisis, there are no more older people to warn the society, and the younger people take peace and prosperity for granted.

Well, exactly 80 years ago, America was mired in the Great Depression, and World War II was about to begin. Yet, predictably, most Americans and Europeans now cannot even fathom such scenarios repeating in their lifetime.

There are two major catalysts that can ignite catastrophic wars in the next decade...

Mar 31 10:31

Tiangong-1 space station reentry

Only from one day before the actual reentry will it become possible to roughly predict which ground tracks, and hence which regions on Earth, might witness the reentry. However even then, an impact location prediction on the order kilometres is, for an uncontrolled reentry, beyond current technical capabilities due to complexities of modelling the atmosphere, the dynamics of the reentering object and limitations in observing the spacecraft.

In general, the uncertainty associated with an uncontrolled reentry prediction is on the order of 20% of the remaining orbital lifetime. Practically, this means that even 7 hours before the actual reentry, the uncertainty on the break-up location is a full orbital revolution – meaning plus or minus thousands of kilometers.

Mar 31 10:15

WHY KIM’S CHINA VISIT RAISES – AND DASHES – HOPES FOR TRUMP SUMMIT

Was North Korean leader’s surprise international debut in Beijing an auspicious sign ahead of meetings with the leaders of South Korea and the United States – or an attempt to gain an advantage?

Mar 31 05:38

Why Kim’s China visit raises (and dashes) hopes for Trump summit

Was North Korean leader’s surprise international debut in Beijing an auspicious sign ahead of meetings with the leaders of South Korea and the United States – or an attempt to gain an advantage?
>>>

Mar 31 05:22

IN CHINA , KIM JONG-UN WAS AN ASTUTE PLAYER ON HIS INTERNATIONAL DEBUT

In his meeting with Chinese President Xi Jinping in Beijing, the North Korean leader showed the world had underestimated his skill in playing a potentially explosive game of geopolitical chess

By mutual agreement, the reclusive North Korean leader Kim Jong-un’s visit to Beijing and his meetings with President Xi Jinping last week were meant to be kept top secret until he left China.

The Chinese authorities, which equally value secrecy, were happy to oblige. Official media reports about Kim’s visit were not released until he was safely back in his own country on Wednesday morning.

This has given rise to black humour on Chinese social media platforms. One of the better jokes regards the perfect timing of the massive sandstorm that swept much of Northern China, coinciding neatly with Kim’s brief stay from Sunday night to Wednesday.

Mar 30 20:48

China's hi-tech military technology has a new enemy: Mosquitoes

China's rise as a major military force in the world and the country's focus on modernising its hardware has been widely seen with caution by other countries. Beijing's rapid militarisation though should also alarm a highly unlikely foe - mosquitoes!

Mar 30 12:34

On The Yuan-Oil Futures Contract & Gold

Trading in the new Shanghai oil future commenced last Monday, and on the first three days trading there were 151,804 contracts traded with a turnover value of 65bn yuan. It is the first futures contract listed on China’s mainland available to overseas users, putting them on the same footing as domestic investors. There are 15 benchmark contracts for different delivery dates between September next and March 2019.

There is little doubt that the Chinese government views this contract as an important development, with international commodity trading houses, such as Glencore and Trafigura, encouraged to participate. Furthermore, state-owned banks would have been on hand to ensure the necessary currency and financial liquidity is available.

Mar 30 10:13

Chinese Space Station Is Tumbling Toward an Easter Sunday Crash

The falling Chinese space station Tiangong-1 is tumbling in orbit and may crash back to Earth early Easter Sunday (April 1), experts say.

Estimates for the crash of Tiangong-1 range sometime between March 31 and April 1, with a focus of 10 a.m. EDT (1400 GMT) on April 1, according to Aerospace Corp., which is tracking the space lab's fall. That April 1 target comes with an error of 16 hours, so the spacecraft could potentially begin its fiery death dive anytime between Saturday and Sunday afternoon. An analysis by the European Space Agency also supports that re-entry estimate.

Mar 30 09:46

Trade War With China Today, Actual War Tomorrow Perhaps? Trump Signs Anti-Chinese Memorandum

Mar 30 09:33

Chinese Netizens Call for Return of Stolen Ancient Vessel Set for Auction in UK

An extremely rare Chinese bronze vessel that was plundered from the Old Summer Palace, or Yuanmingyuan, by a British officer in 1860 during the Second Opium War (1856-60) has been scheduled for sale at the Canterbury Auction Galleries in Kent, a southeast town in the UK on April 11.

The bronze, known as the Tiger Ying, is an ancient wine vessel dating back to the Western Zhou Dynasty (1027-771 BC). According to the auction house, the name Tiger comes from its unique tiger decorations on its lid and spout. With only nine similar vessels known to exist, this treasure has an estimated value of 120,000 to 200,000 pounds ($170,000-284,000).

Mar 29 07:17

China Poised To Overtake U.S. In Artificial Intelligence Race

The U.S. has led the world in technology for a long time, and while it’s still the definitive leader in the artificial intelligence space, China has stepped onto this stage determined to overtake its American rival. Whoever manages to dominate this ultimate technological end game will, in the words of Vladimir Putin, rule the world.

Mar 29 07:13

New Satellite Images Reveal Massive 'Show of Force' by Chinese Navy in South China Sea

Mar 29 06:49

Here's How to See the Chinese Space Station's Final Orbits and Fiery Fall

First, if you'd like to see Tiangong-1 on Wednesday (March 28), you can watch this a free webcast from the Virtual Telescope Project led by astrophysicist Gianluca Masi at 8 a.m. EDT (1200 GMT). The webcast will feature live views of the space station in partnership with the Tenagra Observatories in Arizona.

If you want to see if Tiangong-1 will be visible to you, you'll need a sighting schedule for your location. For that, go to the Heavens Above website here.

When you go to this site you will be asked to log in. Once you register, all you need do is indicate your location. On the home page under satellites, you will find "10-day predictions for satellites of special interest." Tiangong-1 is second on that list below the ISS.

Tiangong-1 is predicted to make passes sometime around the break of dawn over much of the United States and southern Canada from March 26 to April 3.

Mar 29 06:41

US Congressman Complains Russian, Chinese Hypersonic Arms Way Too Strong

The US military has admitted that the United States is lagging behind Russia and China when it comes to hypersonic weapons development, according to The Hill.

"Right now we are helpless," Republican US Senator James Inhofe, who sits on the Armed Services Committee, was quoted by The Hill as saying.

He was echoed by Thomas Karako from the Center for Strategic and International Studies, a think tank, who agreed that Russia and China are outpacing the United States in terms of developing "super-fast missile technology."

Mar 29 04:53

China Warns US Against Opening 'Pandora's Box'

China warns the United States against actions harming trade ties between the two countries, otherwise Washington will face the consequences, the spokesman for the Chinese Commerce Ministry, Gao Feng, said on Thursday.

"We would like to recommend the United States to refrain from any actions which could harm the trade and economic relations between the two countries, otherwise the United States will fall into the pit it is digging for others," Gao said.

(*Well , if those of us who aren't billionaires do most of our shopping at wall*mart , and wal*mart gets most of it's inventory from China , what affect will the tariffs have on Mr & Mrs Average American Consumer , without any China retaliation ?)

Mar 28 07:15

Historic Meet – Kim Jong Meets China’s Xi Jinping for the First Time

The reports were floating and which was later confirmed about Kim’s arrival via a mysterious train and ahead of potential talks between the U.S. and South Korea over the country’s nuclear and missile programs denuclearization.

Mar 27 15:24

BIG BROTHER IS COMING: CHINA’S DYSTOPIAN FUTURE?

China has announced it will bar people with poor social credit from planes and trains. People who have committed so-called misdeeds could be prevented from these modes of transport for up to one year. These things include spreading false information about terrorism, causing a nuisance on planes, smoking in trains or traveling on expired tickets.

Furthermore, those found to have been involved with financial wrongdoing, such as evading social insurance or not paying penalty fines, will also face these travel restrictions. This will come into effect on May 1.

How Big Brother Grew so Big

Webmaster's Commentary: 

This is also happening in the US, at every level of government, but particularly on the pard of the Feds.

Mar 27 13:50

BIG BROTHER IS COMING: CHINA’S DYSTOPIAN FUTURE?

China has announced it will bar people with poor social credit from planes and trains. People who have committed so-called misdeeds could be prevented from these modes of transport for up to one year. These things include spreading false information about terrorism, causing a nuisance on planes, smoking in trains or traveling on expired tickets.

Mar 27 11:58

FCC wants Chinese tech out of US phones, routers

U.S. officials are discouraging U.S. telephone and internet companies from purchasing Chinese technology that could be used for surveillance, Federal Communications Commissioner Ajit Pai announced Monday.

“Threats to national security posed by certain communications equipment providers are a matter of bipartisan concern,” Pai said. “Hidden ‘back doors’ to our networks in routers, switches — and virtually any other type of telecommunications equipment — can provide an avenue for hostile governments to inject viruses, launch denial-of-service attacks, steal data, and more.”

Mar 27 10:56

China Blinks: Huge Rally as Trade War Perhaps Averted

Following Friday's massive losses on Wall Street amid reports of a trade war between the United States and China, the market bounced back Monday after China signaled it is willing to negotiate better trade deals with the Trump administration.

The Dow Jones (+669.4 points), S&P 500 (+70.29 points), and Nasdaq (+227.88 points) all posted strong gains Monday. The performances are being attributed to calmed fears that the U.S. and China will engage in a trade war to out-do each other's tariffs on imports.

The Dow's point increase was the largest single-day gain since 2008. The Financial Times reported early Monday morning that China is offering to buy more U.S.-made semiconductors to help reduce the $375 billion merchandise trade surplus it has with America.

Gordon Chang, an expert on North Korea and China, told Newsmax TV Americans shouldn't worry about a trade war anyway because it would be a one-sided affair.

Mar 27 10:52

China Applauds Putin's Win, Backs Him On Skripal, Hails China's "Strategic Partnership" With Russia

President Putin’s massive election victory and the fallout from the Skripal case have provided Global Times – an English language newspaper published under the auspices of the People’s Daily, the official organ of China’s Communist Party, and therefore reflecting the views of China’s leadership – with the opportunity to give Russia strong backing as it comes under renewed Western pressure.

The first editorial, published on 16th March 2018 under the title “West hopes to hurt, intimidate Russia”, makes clear that China sides with Russia over the handling of the Skripal case

This new round of “bullying” of Russia by the US and its European allies is quite abrupt and acute. London ignored usual diplomatic procedures to issue an ultimatum to Moscow and began sanctions. It feels like racing against time.

(bold italics added)

Mar 27 10:50

China Challenges The US Dollar By Launching Petro-Yuan: Dollar’s Death Imminent?

China is the world’s largest crude oil consumer, and its eyes are now on the rival United States’ currency, the dollar. The Chinese have effectively challenged the dollar’s dominance by launching the petro-yuan, leading some to believe the US dollar’s collapse is all but imminent.

According to the South China Morning Post, China’s state-run media outlet, trading of the new oil futures contracts for September settlement started on the Shanghai International Energy Exchange at 440.20 yuan ($69.70) per barrel. Some 18,540 lots have reportedly been sold and purchased so far. Concerns that the dollar’s glory days are over began last year.

Mar 27 10:49

Beijing Sold Islamabad Sophisticated Missile Tech

The Chinese Academy of Sciences recently announced the sale of ballistic missile tracking technology to Pakistan.

The equipment is touted as a sophisticated optical monitoring system capable of collecting useful data and glean better insight into ballistic missile tests. The South China Morning Post reported last week that the equipment would accelerate Islamabad's development of multi-warhead ballistic missiles.

Particularly, the equipment includes cameras capable of tracking multiple warheads simultaneously, the Diplomat notes, which could be especially helpful for Pakistan's first MIRV-capable missile. Multiple independently targetable reentry vehicle (MIRV) capability was recently tested on China's DF-41 missile, which can carry up to ten warheads.

Mar 27 10:49

NATO, EU Diplomat Expulsions Push Russia ‘Towards China and Iran’ - Expert

Luca Susic, an Italy-based Balkans and Security analyst, shared his thoughts on the expulsion of Russian diplomats by a number of European and North American countries with Sputnik.

"The decision of many NATO members to expel Russian diplomats represents a new low point for the relations between Russia and Western countries," Susic said in a written comment for Sputnik Monday.

He underscored that there are some aspects that should be carefully considered "before siding with one of the two factions."

Mar 27 10:41

China's premier pledges to open markets in a bid to avert a trade war with the US

Premier Li Keqiang said on Monday China and the United States should maintain negotiations and he reiterated pledges to ease access for American businesses, as China scrambles to avert a trade war.

Li told a conference that included global chief executives that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would strengthen intellectual property rights, repeating promises that have failed to placate Washington.

The United States asked China in a letter last week to cut a tariff on U.S. autos, buy more U.S.-made semiconductors and give U.S. firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday, citing unidentified sources.

Alarm over a possible trade war between the world's two largest economies has chilled financial markets as investors anticipated dire consequences should trade barriers go up due to President Donald Trump's bid to cut the U.S. deficit with China.

Mar 27 10:28

US Demands China Keep Importing American Garbage

As it tries to strike an agreement with the US to avert a trade war that economists fear could destabilize global markets, China has an ace up its sleeve that it's just about ready to play: The Communist Party last year implemented a ban on imports of recyclable material that is provoking a mild panic in the US.

The reason? The US relies on China to "import" much of its bulk recyclable waste. But last July, in an effort to battle the "illegal foreign garbage" influx into China, the country's Ministry of Environmental Protection notified the World Trade Organization that it plans to ban imports of 24 types of solid waste materials, including soda bottles, mixed paper, recycled steel and newsprint.

Despite the threat to implement the ban by the end of the year, the document stated that the "proposed date of adoption" is "to be determined."

Mar 27 09:48

GMO GEOPOLITICS: CHINA’S TIT-FOR-TAT TARIFFS

Over the years of watching and occasionally blogging about the international scope of the GMO issue, I've also watched the development of GMO geopolitics, as I like to call it. We may conveniently define this in two ways: (1) those powers of nations which are home to large agribusiness cartels and trusts, like the USA or Germany with IG Farbensanto, will pursue agricultural policies on the world stage designed to curtail, and eventually eliminate, natural (or as they're sometimes called, heirloom) seeds, thus gaining control over the world's food supply, and enriching themselves in the process, since heirloom seeds cannot be patented and charged a royalty for use, while GMO seeds can. In pursuit of this nothing-less-than-diabolical goal, any science or counter-arguments about the health and/or environmental safety of GMOs, or, in some cases, studies about falling yields and rising cost studies that would indicate heirloom seeds are a better investment than GMOs, will be suppressed.

Mar 27 09:02

Tensions rise between China and the U.S. inching world closer to WW3

While half the media is distracted and obsessed about an extramarital affair that U.S. President Donald Trump allegedly had a decade ago with Stormy Daniels, U.S. geopolitical policy has been shifting towards China, putting us all in danger of conflict with the Communist superpower which has recently become a dictatorship with moves against human rights and presidential rights shifting back to a dynasty style of government.

Mar 27 08:44

North Korean dictator Kim Jong-Un in China, claim reports

Speculation intensified Tuesday that North Korean leader Kim Jong-Un was in Beijing for a surprise visit, after Japanese media reported the arrival of a special North Korean train met by an honour guard under tight security.

If confirmed, it would mark Kim`s first overseas trip since coming to power in 2011 and signal an intriguing twist in a fast-developing diplomatic exercise that has opened the door to separate summits between Kim and the presidents of South Korea and the United States in the next few months.

Mar 27 07:05

Copper Correction Signals China Slow Down

Mar 27 06:14

Ironically: Liberals spend too much time 'freaking out about everything Trump does'

(*Right along with The Russians , Syrians , Iranians , Koreans , Afghans , Chinese , Palestinians , Cubans , Venezuelans , Pakistanis and The Filipinos !)

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