CHINA | WHAT REALLY HAPPENED


CHINA

Jul 20 17:24

Steve Bannon, China, and the Committee on the Present Danger 4.0

By Kurt Nimmo

Steve Bannon is making himself useful. According to The New York Times, he has rekindled the paranoiac fire that fed the Cold War military-industrial complex and stoked red hysteria far and wide.

This is the fourth iteration of the Committee on the Present Danger. The first committee was originally formed in 1950 and produced the founding document of the manufactured Cold War—NSC-68, written by Paul Nitze...

Jul 20 09:16

China's Debt to GDP Ratio Is Now Over 300%!!!

Jul 18 11:29

Google kills 'Project Dragonfly' China search engine project

Google's VP of public policy, Karan Bhatia, today told the US Senate the company has “terminated” Project Dragonfly, its localized search engine project for China.

“We have terminated Project Dragonfly,” Bhatia said of the search app for people in China that Google was reported to be working on in 2018.

Bhatia was responding to Republican senator Josh Hawley's questions about Google’s business with China.

Davey Alba at BuzzFeed News writes the company didn't rule out the possibilities of doing other projects for China, now or in the future.

Jul 18 11:26

China to Ban Doing Business with Firms Selling Weapons to Taiwan

China considers Taiwan its sovereign territory, treating it as a breakaway province to be eventually reunited with the mainland.

Its ruling authorities call incursions by US warships in the Taiwan Strait provocative – the 110 mile-wide waterway separating Taiwan from the mainland.

They consider US arms sales to Taiwan a hostile act.

China’s Defense Minister Wei Fenghe earlier was unequivocal, saying the nation’s military will “firmly defend (China’s) national sovereignty, security and developmental interest.”

Beijing expressed outrage over the Trump regime’s approval to sell about $2.2 billion worth weapons to Taiwan, including Abrams tanks, Hercules armored vehicles, heavy equipment transporters, and Stinger anti-aircraft missiles.

Jul 18 09:25

China to boost imports of Russian soybeans, cutting out US crop exports

China’s Commerce Ministry said on Thursday that Beijing and Moscow are discussing ways to increase bilateral trade, particularly by increasing imports of Russian soybeans and other agricultural products.

Commerce Minister Zhong Shan met with Russian Minister for Economic Development Maxim Oreshkin this week. They agreed to “deepen trade in soybeans” as China looks to diversify supplies away from the United States.

Jul 17 08:17

Trump promises to probe China’s alleged ‘infiltration’ of Google

Donald Trump has said his administration will probe accusations that Google has been infiltrated after working with China’s military, days after billionaire entrepreneur Peter Thiel called for the tech giant to be investigated.

The US president tweeted on Tuesday that he would “take a look” at Thiel’s assertion that Google was in cahoots with Beijing and should face a federal investigation. During a speech on Sunday, the co-founder of PayPal urged the FBI and CIA to take action, suggesting that Google may be “thoroughly infiltrated” by Chinese intelligence. Thiel failed to provide evidence when pressed further about his incendiary claims, stressing that he was simply “raising questions” about Google’s relationship with Beijing.

Webmaster's Commentary: 

Methinks that Google.... has chosen to "mess with the wrong President"!! on this issue.

Jul 15 12:26

After Taiwan buys arms, China holds military drills on southeast coast

China’s military recently carried out air and naval drills along its southeast coast, the Defence Ministry said on Sunday, following the latest arms sales from the United States to self-ruled Taiwan, which China claims as a renegade province.

In a brief statement, and without giving an exact geographical location, the ministry said that the People’s Liberation Army had in “recent days” held the exercises.

“These drills were routine arrangements in accordance with annual plans for the military,” it said, without elaborating.

China’s southeast coast is one of the country’s most sensitive regions as it faces Taiwan across the narrow Taiwan Strait. China deems democratic Taiwan to be a wayward province, to be taken by force if needed.

Jul 15 10:41

China Sends A Message: Holds Military Drills Off Taiwan, Will Sanction US Defense Firms

Following last week's State Department approval of the sale of $2.2 billion in arms to Taiwan, China's Foreign Ministry confirmed Monday that it will follow through on threats first made days ago to impose sanctions on American companies selling arms to Taiwan.

Crucially this confirmation came simultaneous to provocative new military exercises off China's southeast coast, near Taiwan, which involved the People's Liberation Army (PLA) navy and air force. Downplaying the maneuvers, the PLA described the drills as "a routine arrangement according to (our) annual plans."

Jul 15 10:40

'Racist Disgrace': Susan Rice Slams Chinese Diplomat Who Says Black Families Ruin White Neighborhoods

Former US Ambassador and Netflix board member Susan Rice called a senior Chinese diplomat a "racist disgrace" in a heated Twitter spat on Sunday.

In defending China's mass detention of Muslims via a series of now-deleted tweets, Islamabad-based diplomat Lijian Zhao first noted that "37 countries" have sent a joint letter to the UN supporting China's position, while "22 countries" - none of which are Muslim, are against it.

What steamed Rice, however, was Zhao's assertion that "If you're in Washington, D.C., you know the white never go to the SW area, because it's an area for the black & Latin," adding "There's a saying ‘black in & white out’, which means that as long as a black family enters, white people will quit, & price of the apartment will fall sharply."

Rice snapped back, "You are a racist disgrace. And shockingly ignorant too."

"Ambassador Cui, I expect better of you and your team. Please do the right thing and send him home."

Jul 15 10:10

37 countries defend China over Xinjiang in UN letter

UN ambassadors from 37 countries released a letter Friday defending China's treatment of Uighur and other minorities in the Xinjiang region, in direct response to Western criticism earlier this week.

Envoys from across the EU -- along with Australia, Canada and Japan and New Zealand -- had earlier co-signed a text denouncing China's conduct in Xinjiang, where one million people, mostly ethnic Uighurs, are reportedly being held in internment camps.

On Friday a diverse group of states -- including Russia, Saudi Arabia, Nigeria, Algeria and North Korea -- replied on Beijing's behalf.

"We commend China's remarkable achievements in the field of human rights," said the letter, also signed by Myanmar, the Philippines, Zimbabwe and others.

Jul 15 10:08

Peter Thiel says FBI, CIA should probe Google

Peter Thiel, billionaire investor and Facebook board member, on Sunday night said that Google should be federally investigated for allegedly aiding the Chinese military.

Why it matters: Thiel is the tech industry's highest-profile Trump supporter, and one of the most powerful players in Silicon Valley.

Thiel spoke at the National Conservatism Conference, a new event that bills itself as being focused on Trump-era nationalism, with part of his speech focusing on "three questions that should be asked" of Google:

Jul 13 18:19

China's experimental space lab to re-enter atmosphere on July 19

China's experimental space lab Tiangong-2 is expected to leave orbit and re-enter the atmosphere on July 19, China Manned Space Engineering Office (CMSEO) announced on Saturday.

Most of the spacecraft will be burnt up in the atmosphere, and a small amount of debris is expected to fall in the safe sea area in the South Pacific, CMSEO, which manages China's human spaceflight endeavours, said.

Jul 13 09:34

China Thinks It Can Make Demands on the US!

Jul 12 06:40

China threatens sanctions against US companies selling weapons to Taiwan

Beijing will impose sanctions on US enterprises involved in arms sales to Taiwan, China's Ministry of Foreign Affairs said on Friday. The decision follows Washington’s announcement to sell $2.22 billion worth of arms to Taiwan.

Jul 11 15:38

Ceasefire Over? Trump Demands New Sanctions On Beijing Over Iranian Oil Imports

Once again, it appears Robert Lighthizer and the Trump Administration's trade hawk faction have won over the more moderate advisors. Only a week ago, reports surfaced claiming the US might exempt China from Iran sanctions, for fear that the US would have no choice but to crack down otherwise (since Beijing has made clear exactly how it feels about Washington dictating which countries it can trade with).

Now, that idea, which was being pushed by senior State Department officials, has been abandoned, according to a Politico report. Instead, senior administration officials believe there's no avoiding the fact that Beijing has repeatedly violated the ban on importing Iranian crude.

Webmaster's Commentary: 

No, Beijing isn't "defying" the US; it needs Iranian oil to prop up its industrial sector.

So what is President Trump going to do about it now, start boarding Chinese vessels, and interdict Iranian oil?!? Let's see now... isn't that tantamount to declaring war against China?!?

What is frustrating here, is that with the situations concerning both China and Iran, President Trump has managed to give himself no "wiggle room" for something positive to happen, and that, friends, is a "fantastic failure of imagination".

Jul 11 08:42

The Chinese military has deployed armored vehicles to Europe for the first time as Chinese medics train in Germany

The Chinese military has deployed military personnel and armored medical vehicles to Germany for joint drills, a first for the Chinese People's Liberation Army as it attempts to forge closer ties with Europe.

The joint exercise — Combined Aid 2019 — is focused on preparing troops with the medical service units of the Chinese and German armed forces to respond to humanitarian crises, such as mass casualty incidents and serious disease outbreaks, China's Xinhua News Agency reported.

Jul 11 08:38

World's Largest Supplier Of Consumer Goods Warns Chinese Factories In "Urgent And Desperate" Shape

The largest supplier of consumer goods in the world - China's Li & Fung - has said that Chinese factories are becoming "urgent and desperate" as US retailers move out of the country amid the ongoing trade war, according to Bloomberg, and more factory shut downs are likely to follow as the trade war continues.

Companies like Li & Fung Ltd., which designs, sources and transports consumer goods from Asia for some of the world’s biggest retailers, are being pushed by their American clients to shift production out of China.

Spencer Fung, chief executive officer said: “U.S. clients are definitely very, very worried. Everyone is making razor-thin margins already and most people have a huge percentage in China. So if the biggest source increases the price by 25%, they are worried.”

Jul 11 08:23

AI to Aid China’s Lunar Probe to Collect Samples

China's next lunar probe, Chang'e 5, scheduled to be launched around the end of this year, will adopt artificial intelligence technologies in the soft landing as well as sample collection process, the former program chief has said.

Ouyang Ziyuan, former chief scientist of China's lunar probe project, made the statement during a conference on satellites and space held in Rizhao, East China's Shandong Province from Friday to Sunday.

According to China National Space Administration, the Chang'e-5 mission, which aims to bring back 2 kilograms of samples from the moon surface, will make China the third country to do so after the US and Russia.

Jul 11 08:09

Chinese Security Cameras Banned For Spying Are Nearly Impossible To Identify And Remove

Federal agencies are rushing to meet a deadline to rip out Chinese made surveillance cameras in order to comply with a congressional ban, but as Bloomberg reports, the task isn’t quite as easy as it seems: thousands of the devices are still in place and it’s looking as though most won’t be removed before the August 13 deadline. A complicated supply chain is making it difficult for authorities to understand whether security cameras are actually made in China or contain components that would violate US rules.

Jul 11 08:02

VOTING MACHINE MAKERS CLAIM THE NAMES OF THE ENTITIES THAT OWN THEM ARE TRADE SECRETS

SOURCE: TECH DIRT
Recently, the North Carolina State Board of Elections asked suppliers of electronic voting machines a simple question: who owns you? (h/t Annemarie Bridy)
On June 14, 2019, the State Board of Elections requested that your companies disclose any owners or shareholders with a 5% or greater interest or share in each of the vendor’s company, any subsidiary company, of the vendor, and the vendor’s parent company.

This seems like very basic information -- information the Board should know and should be able to pass on to the general public. After all, these are the makers of devices used by the public while electing their representatives. They should know who’s running these companies and who their majority stakeholders are. If something goes wrong (and something always does), they should know who’s ultimately responsible for the latest debacle.

Webmaster's Commentary: 

Unless and until the names of companies providing voting machines to the states are made public, there should be no purchasing of them by the states which utilize electronic tabulations to determine their outcome, period, end of discussion.

Jul 10 12:44

New Silk Road: Russia to build 2,000km highway linking Europe and China

Prime Minister Dmitry Medvedev has approved the construction of a new tolled motorway across Russia designed to significantly shorten cargo routes, local media reported. The project is expected to cost around $9.5 billion.

The massive infrastructure project, the Meridian highway, has won the support of the Russian government, Vedomosti business daily said, citing government officials. The highway is set to stretch over 2,000km from the Belarus border to the frontier with Kazakhstan, and it is expected to become part of the fastest trucking route between China and Europe.

Jul 10 07:29

China's Losing Control Of Its Crushing Debt Load As Defaults And Missed Payments Skyrocket

China’s economic slowdown and heavy debt load is affecting everybody in the country – even it’s "jewelry queen", Zhou Xiaoguang, according to the Wall Street Journal.

Zhou, who went from selling trinkets on city streets to taking a seat in China’s parliament and becoming Ernst & Young‘s "Entrepreneur of the Year" was faced with the reality of being unable to pay her company's billions of dollars in debt while in a bankruptcy court in April.

She is just one example of a massive debt burden taking its toll on China.

China has relied on borrowing to fuel its expansion for at least a generation. In 2018, the country was known for creating four billionaires a week and is number one globally in self-made fortunes. But this quick pace of growth, with many borrowing heavily in the process, also masked companies' strategic mistakes.

Fueled by debt, many over-expanded into crowded sectors and now those mal-investments and mis-allocations of resources are coming back to bite them.

Jul 09 16:00

Oldest Elongated Skulls Discovered In China?

Jul 09 11:22

China (Officially) Buys Gold For 7th Straight Month As Treasury Holdings Tumble

China continued its renewed (public) gold-buying spree in May adding another 10 tons of the precious metal to its reserve - the seventh month of buying in a row.

“It’s a diversification away from the U.S. dollar, particularly given the trade tensions and the potential technology cold war that’s evolving,” said Bart Melek, global head of commodity strategy at TD Securities.

“We have to remember that gold is nobody’s liability.”

Jul 08 11:46

Massive floods swamp eastern China

Jul 08 10:59

Can China's Rare Earth Monopoly Be Broken?

A group of seventeen metallic elements whose names most of us have never heard recently came into the spotlight amid the latest trade tension escalation between Beijing and Washington. Rare earths, used in a myriad of products from electronic displays to lasers and electric cars, are currently the dominion of China and there is concern it could decide to weaponize this dominion.

There is precedent.

Back in 2011, as a territorial dispute between China and Japan got rough, Beijing imposed a rare earths export embargo on its neighbor. The result: soaring prices as everyone started stockpiling in case things got even rougher until the World Trade Organization intervened and China lifted the embargo.

Jul 08 10:23

‘Unilateral bullying is worsening tumor’: China blames US pressure for Iranian nuclear crisis

China has slammed the United States for its “unilateral bullying” of Iran, and for being a catalyst in the nuclear crisis after Tehran announced plans to breach a uranium enrichment limit set in 2015.

“The maximum pressure exerted by the US on Iran is the root cause of the Iranian nuclear crisis,” Geng Shuang, spokesman for China’s Foreign Ministry, told a press briefing in Beijing on Monday.

He likened Washington’s reintroduced sanctions to “bullying” and said they’ve become a “worsening tumor” for the global community. While expressing regret at Iran’s decision, the spokesman reiterated that the current discord over the country’s nuclear program should be resolved diplomatically.

Jul 07 10:28

China's Kangdexin made up ?12B in profit

Jul 07 07:10

China Could Feel Swine Fever Blow for Next Decade, Cargill Says

It could be as long as a decade before China recovers from its outbreak of African swine fever, the deadly pig disease that’s decimating hog herds in the world’s largest pork consumer.

That’s according to Cargill Inc., one of the world’s largest agricultural commodity traders. The virus, which kills most infected pigs within 10 days, has already spread to most Chinese provinces. Official reports of a 24% decline for the nation’s herd are “conservative,” said John Fering, managing director for Cargill’s premix and nutrition business in the Asian nation.

China’s hog-herd losses are tough to estimate and could be anywhere between 20% and 70%, according to Rabobank.

“This is not a short-term event,” Fering said by phone. “This is going to take several years, if not a decade, to fully achieve structural recovery.”

Webmaster's Commentary: 

This wouldn't be the first time when food may have been used as a weapon of economic war, through the introduction of some kind of virus, right into the immune systems of the host animals.

But for those readers and listeners who like, and eat pork, you might want to share a group shopping at one of your big-box stores for it, because this is most probably going to have a dramatic effect on food prices both here, and around the world.

Jul 06 11:16

CORE HONG KONG PROTESTERS 'PREPARED TO DIE FOR THEIR CAUSE' DURING RIOTS

SOURCE: ZEROHEDGE

A core group of radical protesters who led the violent siege of Hong Kong's legislature on Monday were willing to die for their cause as martyrs, according to SCMP.

Approximately ten 'diehards' with a 'bring it on' attitude had no qualms about facing police batons, rubber bullets or worse, as they broke into and trashed the Legislative Council building.

"The protesters at the front were willing to sacrifice themselves. They turned so violent, hoping police would use aggressive force against them or shoot them with rubber bullets or beanbag rounds," said SCMP's source, adding "If the individuals were badly injured or even killed, all the blame would have been placed on police so as to spark global condemnation, and eventually bring the whole administration down."

Webmaster's Commentary: 

To the core group "ready to die" for their convictions, a word, please; the Chinese leadership will not ultimately allow these demonstrations to go forward; President Xi Jinping is thoroughly familiar with the power of a 24/7 news cycle, and will find some way to create a "lights off, energy not there" moment, when you will be seized, killed in private, where no one will know where you are when it happens, save for your families who will be charged to pay for the bullet(s) when you are executed.

Jul 06 11:01

VENEZUELA FORCES KILLED THOUSANDS, THEN COVERED IT UP, U.N. SAYS

SOURCE: NYTIMES.COM
GENEVA — Venezuelan special forces have carried out thousands of extrajudicial killings in the past 18 months and then manipulated crime scenes to make it look as if the victims had been resisting arrest, the United Nations said on Thursday in a report detailing wide-ranging government abuses targeting political opponents.

Special Action Forces described by witnesses as “death squads” killed 5,287 people in 2018 and another 1,569 by mid-May of this year, in what are officially termed by the Venezuelan government “Operations for the Liberation of the People,” United Nations investigators reported.

Laying out a detailed description of a lawless system of oppression, the report says the actual number of deaths could be much higher. It cites accounts by independent groups who report more than 9,000 killings for “resistance to authority” over the same period.

Webmaster's Commentary: 

One has to wonder just how much "American influencers" had a chance to "cook the numbers" in this report, making them appear to be far worse than it may have been, to get a consensus at the UN for "regime change" in Venezuela, paired with a new, "snap election".

Jul 04 19:15

Complexities of 5G and National Security

By Renee Parsons

In case you missed the kickoff, there is an unprecedented ‘must win’ wireless race for the US to cross the 5G finish line before China as alluded to during the recent Senate Commerce Committee oversight hearing on the Federal Communications Commission.

The details were thin with no real discussion on the need for 5G or its complexities including the national security implications...

Jul 04 08:23

Tornado in China kills 6, injures 190

Jul 03 10:25

China And The Council On Foreign Relations: America’s Genesis Of The Big Lie

According to a special report of the Council on Foreign Relations, US administrations, from Clinton to Obama have misread China’s strategic intentions on several fronts; and made optimistic statements about US-China relations.

The CFR is the preeminent US foreign policy think tank, so what they publish can be taken as the consensus opinion of the American political elite, be they Democrat or Republican, conservative or progressive.

What the “special report” does is outline the BIG LIE about China. Every assertion in the following paragraph is a lie, that has been reinforced time and time again by the corporate media and servile US politicians.

Jul 01 11:37

Blain: "Nothing Was Solved In Osaka - The US And China Remain On Collision Course"

That was truly an extraordinary weekend. Trump vs Xi agreed to resume trade negotiations. No more tariffs, but the old ones still in place. Huawei ban to be reconsidered. Trump also met Kim in the DMZ. It was also the end of H1 2019, with stock markets posting their most impressive gains since 1997 even as bonds proved the top returning assets – which should have everyone wondering and worrying how!

I reckon that puts us in a very interesting position for the next 18 months. Trade wars will remain a major distraction and concern – whatever happened in Osaka over the weekend, about the only thing we can confirm is nothing is really fixed! Instead, the dominant factor in coming months could be the US Federal Reserve – and how it is likely to come under increasing pressure from Trump, who is now in full electioneering mode. That puts a whole new complexion on the Game of Markets.

Jul 01 11:29

Watch Live: Hong Kong Riot Police Fire Tear Gas, In Running Battles With Protesters

Update (1205ET): A line of police vehicles with lights flashing moved toward the legislature as midnight approached.

SCMP reports that hundreds of police officers move in from different directions, from Arsenal Street, Queensway, and Fenwick Pier Street.

Jun 27 14:22

China luring Indian tech firms with market access & free rent

Agreements worth about $6 billion have been signed between India and China during the launch of a joint IT platform. Indian firms are thus getting access to China’s $144 billion tech market.

India’s IT industry’s trade group NASSCOM on Sunday established a Sino-Indian Digital Collaborative Opportunities Plaza (SIDCOP) in the tech hub of Guiyang in southwest China.

“In this way, we will be marrying the requirements of Chinese companies with the capabilities of Indian IT service providers,” said India's ambassador to China Gautam Bambawale. He told the Times of India: “We visualize that these initiatives will give a big impetus to cooperation between India and China in the IT-enabled services sector.”

Jun 27 14:17

China imports first Iranian oil since US ended sanction waivers

Iran has delivered the first crude oil to a Chinese refinery complex since the United States removed as of May all sanction waivers for Iranian oil customers, including its biggest buyer China.

According to TankerTrackers, a medium-sized Suezmax vessel, named SALINA and owned by the National Iranian Tanker Company (NITC), loaded around 1 million barrels of crude oil from Iran and departed on May 28. The tanker arrived on June 20 at Jinxi Refining and Chemical Complex in China in a first independent tanker-tracking confirmation that China is defying the U.S. sanctions on Iran’s oil exports.

Jun 27 09:35

Trade War Nightmare: China Farm Imports From America Have Just Crashed 

The Ministry of Agriculture and Rural Affairs of the People's Republic of China published new data Monday that shows agricultural imports from the US have fallen, as Chinese buyers shift supply chains out of the US to other countries because of the deepening trade war.

In the first five months of 2019, imports of agricultural products from the US crashed 55.3% YoY. Much of decline was due to a 70.6% YoY decline of soybeans in the same period.

Chinese importers went to Brazil, Argentina, and ASEN countries (Thailand, Indonesia, Malaysia, Singapore, Philippines, Vietnam, Brunei, Myanmar (Burma), Cambodia, and Laos). Data showed imports from the EU, Australia, and Canada also jumped in the first five months as Chinese buyers ditched American products.

Jun 27 09:31

WARBURG PINCUS ANNOUNCES NEW $4.25 BILLION FUND FOR CHINA AND SOUTHEAST ASIA

Warburg Pincus, the private equity fund with over $ 60 billion under management, is doubling down on Asia after it announced a $ 4.25 billion fund dedicated to China and Southeast Asia.

The firm has been present in China for 25 years, and it has invested over $ 11 billion in a portfolio of over 120 startups that includes the likes of Alibaba’s Ant Financial and listed companies NIO (a Tesla rival), ZTO Express (a courier firm)among others. The new fund will work in tandem with the firm’s $ 14.8 billion global growth fund which was finalized at the end of last year.

Jun 27 09:29

Trump: My Plan B With China on Trade is to Reduce Business With China

The president earlier threatened to slap tariffs on the remaining $300 billion in Chinese goods coming into the United States unless Chinese President Xi Jinping agreed to meet with him at the G20 meeting in Osaka, Japan to hammer out a trade deal favourable to Washington.

President Donald Trump has reiterated his promise to slap additional tariffs on China if a trade deal is not reached, saying that he was "happy" with things as they are and that China needed the deal more than the US did since its economy has been hit hard by the existing restrictions.

"I would do additional tariffs, very substantial additional tariffs, if that doesn't work, if we don't make a deal", Trump said. "China's economy is going down the tubes - they want to make a deal", he stressed, speaking to Fox News Business on Wednesday morning.

Jun 24 08:16

THE WEST’S LOSING BATTLE FOR HONG KONG

SOURCE: NEW EASTERN OUTLOOK

Another pivotal battle is being fought over Hong Kong between Beijing and political forces backed by the special administrative region’s former British colonial masters.

At the heart of the battle is a proposed law that will allow suspects to be extradited to mainland China, Taiwan or Macau.

The BBC in its article, “Hong Kong lawmakers fight over extradition law,” would claim:

Critics believe the proposed switch to the extradition law would erode Hong Kong’s freedoms.

By “critics,” the BBC is referring to US and British-backed opposition, with the article specifically linking recent protests against the proposed law to the US-funded “Umbrella Movement” demonstrations in 2014.

The slow, incremental erosion of Western influence in Hong Kong and elsewhere across Asia-Pacific appears to be ending what has been centuries of European and then American primacy over the region.

Webmaster's Commentary: 

At this juncture in US/China relations, the US, and the West in general, needs to pick its battles very, very strategically.

Jun 24 07:55

US-CHINA ECONOMIC WARFARE: CHINESE ENTERPRISES BLACKLISTED BY THE US

SOURCE: GLOBALRESEARCH.CA

The US considers China a strategic adversary. Waging war on the China by other means makes reconciling major bilateral differences all the harder.

According to a US Commerce Department’s Bureau of Industry and Security (BIS) document, 143 tech-related Chinese enterprises have been blacklisted from the US market.

They include companies involved in producing aviation related products, semiconductors, engineering, as well as other high-tech products and components.

Falsely claiming these enterprises act “contrary to the national security or foreign policy interests of the United States” is cover for wanting corporate America to have a leg up on Chinese competition.

On Friday, the BIS added five more Chinese tech enterprises to its blacklist, further heightening bilateral tensions ahead of China’s President Xi Jinping’s scheduled meeting with Trump for talks later this week at the Osaka, Japan G20 summit.

Webmaster's Commentary: 

Forgive me, but I have a very clear understanding of how trade wars, can morph quickly into shooting wars; and Mr. President, let me assure you; this would be absolutely the worst time ever to confront China militarily.

You've seen reports on Chinese and Russian weapons technology; the US is not even close here.

And why is that?!? Because of the "cosy" relationships between weapons manufacturers and political candidates, who can steer work their way. Henceforward, there should be NO money received at the state or national level, from major contractors, or subcontractors for these products. There should be a vetting process before our military ever try these weaons.

And if companies cannot perform, in terms of offering new, less costly technologies which consistently get delivered on time, and as advertised, there should be a clause in all defense contracts that by not doing so, that company can no longer compete for federal defense contracts.

Jun 24 07:52

With old trade wars reigniting and new ones being invented, telecommunications is faced with an existential crisis. To survive, it must establish a global standard for a globe that no longer seems to want one.

With old trade wars reigniting and new ones being invented, telecommunications is faced with an existential crisis. To survive, it must establish a global standard for a globe that no longer seems to want one.

Jun 23 08:16

Another way China is ripping us off

Iranian troops take part in the "National Persian Gulf day" in the Strait of Hormuz, on April 30, 2019. - The date coincides with the anniversary of a successful military campaign by Shah Abbas the Great of Persia in the 17th century, which drove the Portuguese navy out of the Hormuz Island, after which is named the waterway which separates the Gulf from the Sea of Oman.

In the old days, it would have been absolutely essential for the United States to ensure that the Strait of Hormuz—through which a third of the world’s crude oil passes daily—remained open. It is less essential now, thanks to the oil shale revolution, which has once again made America an oil giant. We now produce more oil than Saudi Arabia and more than the Russians.

Jun 22 11:41

China Hit By "Significant Banking Stress" As SHIBOR Plummets To Recession Levels

It's probably not a coincidence that just days after we reported that China's interbank market was freezing up in the aftermath of the Baoshang Bank collapse and subsequent seizure, which led to a surge in interbank repo rates and a spike in Negotiable Certificates of Deposit (NCD) rates...

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