Archive for the ‘China’ Category
The news that China and Russia have signed a $400 billion deal through which Gazprom will supply China National Petroleum Corp with 30 years of natural gas is the clearest illustration yet that Russia will be looking east, not west, for international funding.
Last week, in Will China Save Russia With Investment?, I reported a series of new Russia-China deals were about to be launched by the two countries’ sovereign wealth funds, the Russian Direct Investment Fund and China Investment Corporation. Those deals have since been announced: they involve Vcanland, a developer of tourism infrastructure and senior living communities; the first ever railway bridge over the Amur River on the Russia-China border; and logistics services investment.In dollar terms, they may have involved as much as $1 billion of investment, but while the number itself is insignificant compared to the outflows Russia is experiencing, the trend is very important – and is underlined by the new gas deal.
Russia’s central bank says that $63.7 billion of money left Russia in capital outflows in the first quarter of this year; the IMF is forecasting $100 billion of outflows for the full year. Others think those numbers conservative. Russian access to the international capital markets has dried up, and with vast infrastructure needs – just think of the FIFA World Cup, coming up in 2018 – that is a problem. So what to do? It can’t get those sorts of portfolio flows anywhere else, but it can bolster its foreign direct investment, or other forms of international trade. And China, which does not share the west’s sense of outrage about Russia’s behaviour in Ukraine, is the perfect candidate.
Dung’s comments, given in a written response to questions from Reuters, were the first time he has suggested Vietnam would take legal measures, and drew an angry response from China, which insisted the rig was in its sovereign waters.
“Vietnam is considering various defense options, including legal actions in accordance with international law,” Dung said in an email sent late on Wednesday, while on a visit to Manila. He did not elaborate on the other options being considered.
“I wish to underscore that Vietnam will resolutely defend its sovereignty and legitimate interests because territorial sovereignty, including sovereignty of its maritime zones and islands, is sacred,” he said.
China accused Vietnam of stoking regional tensions.
A must read about the possibility of Cyber – war and China please read: Threat Vector by Tom Clancy~rockingjude
By Patrick Martin
Global Research, May 20, 2014
A federal grand jury has indicted five officers of the Chinese Peoples Liberation Army on computer hacking, economic espionage and other charges, officials of the US Department of Justice announced at a press conference Monday morning.
The indictment is unprecedented under international law, as it aims to criminalize actions allegedly carried out not by individual hackers, or “rogue” elements, but by serving officers in the armed forces of a major country. It is calculated to provoke a confrontation between the US and Chinese governments.
“These represent the first ever charges against known state actors for infiltrating US commercial targets by cyber means,” Attorney General Eric Holder said at the press briefing, emphasizing that the Obama administration was undertaking a major escalation in its anti-China policy. “The range of trade secrets and other sensitive business information stolen in this case is significant and demands an aggressive response.”
The five men, named as Wang Dong, Sun Kailiang, Wen Xinyu, Huang Zhenyu, and Gu Chunhui, are said to be officers in Unit 61398 of the Third Department of the Chinese People’s Liberation Army, based in Shanghai. Each faces 31 counts of computer and economic crimes. While none is in US custody, the charges would carry lengthy prison sentences.
The alleged targets of the hacking include Westinghouse Electric Co., United States Steel, Alcoa Inc., Allegheny Technologies Inc. (ATI), U.S. subsidiaries of SolarWorld AG, and the United Steel Workers union, which represents some workers at those companies.
Westinghouse is the major US builder of nuclear power plants, and built four such facilities in China in 2010-2011. The other companies entered into production agreements with Chinese companies during that time, or were engaged in trade litigation, as was the USW. The Chinese officers supposedly used cyber-warfare techniques to gain access to internal e-mails and other confidential materials at all six organizations.
By Desmond Lachman Monday, May 19, 2014
The U.S. dollar will remain the world’s reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.
Some years ago, I attended a small luncheon on the outlook for the U.S. dollar. Paul Volcker, the former Federal Reserve chairman, was the guest of honor. In response to a chorus of Cassandras who argued that the U.S. economy’s all too apparent weaknesses wouldlead to an inevitable dollar collapse, Volcker made a simple observation: For the dollar to depreciate, he said, it would necessarily have to depreciate against another currency. And in Volcker’s view, at that time, the U.S. economy was fundamentally no weaker than that of any competing countries.
Volcker’s logic would seem equally pertinent today in responding to the many critics who believe that the Federal Reserve’s unprecedented quantitative easing policy will lead to the dollar’s imminent demise as a reserve currency. If the dollar is to lose its reserve status, as epitomized by the fact that more than 60 percent of the world’s foreign exchange and more than 85 percent of world trade is still denominated in U.S. dollars, some other currency would need to replace it. A close examination of the world’s other major currencies reveals that a currency is yet to emerge that offers the liquidity, depth of financial markets, andstore of value that the U.S. dollar does.
To be sure, when viewed in isolation, there are many reasons not to be complacent about the U.S. dollar’s long-run future. After all, the U.S. economy is only now emerging from its worst economic and financial crisis since the 1930s. At the same time, itsdysfunctional political system is yet to come to grips with the country’s long-term budget issues, while the Federal Reserve has more than quadrupled the size of its balance sheet to its present level of around $4 trillion in an effort to get the U.S. economy moving again.
Chinese Premier Li Keqiang has promised his country’s assistance in providing robust infrastructure transformation for Nigeria and other African states.
To signal how seriously China, the world’s second-largest economy, takes its growing ties with Africa, Keqiang announced new funding commitments of $12 billion to Africa and Nigeria, the biggest economy on the continent.
“We will add $10 billion to our already committed credit lines to reach a total of $30 billion and put an extra $2 billion into the China-Africa Development Fund to reach $5 billion,” said Keqiang in a powerful speech at the first plenary session of the World Economic Forum (WEF), Africa yesterday.
“We will provide 18,000 scholarships to Africa and train 30,000 professionals of various types. The Chinese government means what it says, our co-operation with Africa will be based on mutual benefit,” Keqiang said.
Keqiang is visiting Nigeria with a 100-man delegation for the WEF Africa.
The Chinese and African economies are complementary to each other, according to Keqiang, with Africa needing investments, and China having surplus.
To realise inclusive growth, which is the theme of the WEF, infrastructure, especially transportation, must be at the fore front, and China would assist Africa in building high-speed rail networks, Keqiang said.
Africa currently has 23 percent of the world’s landmass, but only 7 percent of global rail lines.
China would also provide assistance for building and expanding Africa’s express and motorways, as well as build out a regional aviation network for the continent.
“China proposes a China-Africa regional aviation plan through an aviation joint venture with African partners,” Keqiang said. China will also support the movement of labour-intensive Chinese industries and enterprises to Africa to help with job creation.
What it means for global gold owners
Michael J. Kosares – GoldSeek.com
Editor’s Note: This issue of Review & Outlook is based on a series of posts I made at the USAGOLD blog over the course of the past month. China has imported an unprecedented amount of gold bullion in 2013. So much so, that if it were to maintain the current pace, it would import nearly the equivalent of global production for the year. When the news first filtered out of China on the amounts of gold being mobilized through its Shanghai Gold Exchange, the numbers seemed too large to be believed. The obvious question became “What is the source of this extraordinary amount of gold bullion?” It was only in October when Reuters reported that much of that gold had been shipped from London-based exchange traded funds to Switzerland for refining into smaller Asia-friendly bars and then on to Hong Kong and Shanghai that the full picture came into focus and the extraordinary numbers gained credibility.
Below I detail how the China gold trade mechanism works, the reasons for it, and why China’s interest in gold is likely to remain of paramount importance to the global market for many years to come. I have updated the original statistics from recently posted reports at the Koos Jansen website based in the Netherlands — a research source specializing in the China gold trade. To stay abreast of the China situation as well as other developments in the gold market on a daily basis, I invite you to visit our blog page linked above.
Part One – The London-Zurich-Hong Kong-Shanghai gold conduit
According to a recent Reuters report, the United Kingdom’s gold exports to Switzerland jumped from 85 tonnes to 1,016 tonnes in the first eight months of 2013 — a twelve times increase. Some bullion market watchers attribute the huge increase to withdrawals or sales from exchange traded funds (ETFs) — an explanation that covers only half the story…….if that. When one learns where this gold ended up and why it went there, the true importance of this unusually large deployment begins to take shape.
The Basel Committee on Banking Supervision (hereinafter – the Committee) is closely associated with supranational organisations like the Bank for International Settlements in Basel (BIS), which is often called the «club», the «headquarters» of central banks or the «Central Bank of Last Resort». The Committee’s office is situated
The Basel Committee on Banking Supervision (hereinafter – the Committee) is closely associated with supranational organisations like the Bank for International Settlements in Basel (BIS), which is often called the «club», the «headquarters» of central banks or the «Central Bank of Last Resort». The Committee’s office is situated in the BIS building. At the end of 1974, following the disequilibrium of international currencies and banking markets caused by the collapse of the Herstatt Bank in West Germany, the heads of central banks in the G10 countries established the Committee under the auspices of the BIS to develop common international rules with regard to banking supervision. The Committee formulates common standards for banking supervision and recommendations for their implementation, on the assumption that national authorised bodies (first and foremost central banks) will push them forwards in their own countries. With regard to G10, this is the group of countries that signed a general agreement on borrowing with the IMF in 1962 (Belgium, Great Britain, West Germany, Italy, Canada, the Netherlands, France, Sweden, the USA and Japan). Switzerland, which was not a member of the IMF, joined in 1964, but the name of the group remained as before. Representatives from Luxembourg were also included in the Basel Committee from the very beginning and, from 2001, the Committee has included representatives from Spain. At present, the Committee includes representatives from central banks and national authorities on banking supervision from 27 countries (the 13 countries already mentioned along with Argentina, Australia, Brazil, China, Hong Kong, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, Singapore, South Africa and Turkey, which all joined the Committee in 2009). Over almost four decades of its activities, the Committee has published tens of documents on different areas of activity, including general issues on the organisation of supervision, capital adequacy, all kinds of risk, the corporate governance of lending and borrowing organisations and so on.
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English: One Dollar with the owl of the Illuminati (Photo credit: Wikipedia)
Illuminati – the Illuminati is a secret orginazation of the most powerful and influential elite in the world. They go back for centuries and maintain the same bloodlines. They set up the council on foreign relations,the bilderberg group and the tri-laterial commission. Those 3 groups all meet to plan the fate of the world. They consists of international bankers,top government officials,leaders in the energy cartel and media monopoly owners and have control over the U.N. and Unesco. Their subdivisions reach into everyones daily life without most sheeple even being aware of it. They also have ties to the freemasons,skull and bones, and the knights templar.Their ultimate goal is for a one world government which they will control,also a one world currency, and they want control and ownership of all land, property, resources and people. Also they manipulate political parties,and the legal and illigal drug trade and federal agencies related to all matters listed above.
Taken from urbandictionary.com One needs to read about Zagami below this article~jude
By Henry Makow PhD
At the New Year, Leo Zagami, 36, has an urgent message.
The Illuminati plan to “Nazify” the West by the year 2012 and persecute all believers in God, using the pretext of war, terror and economic collapse.
The scion of an ancient Illuminati family, Zagami had a religious conversion (to Islam) last June and rebelled. He’d had enough of the horrifying Satanic, black magic rituals, mind control and torture that was going on inside the lodges, behind closed doors.
On Saturday he posted on his web site Illuminati Confessions ~[Website Taken Down]~jude
http://www.illuminaticonfessions.webfriend.it/#news1 names of high ranking Masons who are ready to do battle with the Satanists. He has organized his own security detail and even posted a personal phone number to answer serious questioners about his sincerity.
“These are the end times; it’s no joke,” Zagami says in an January 3 interview on his website.
“The cosmic alignment on the 21st of December 2012 gives you 6 years to prepare… So its about time you all wake up and fight for your right to stay free under one God before they take complete control and start persecuting the true believers in the one God. Get your swords and get ready to fight to defend your faith or perish. This is a war against Satan so please wake up in the western countries or you might wake up in a nightmare one morning in December 2012.”
“From 2010 you will start feeling the big changes in the air more and more but in 2012 you will have the clear evidence of the end of this civilization in front of your eyes.the total NAZIFICATION of the western countries by 2010 before the economic situation starts to badly crack for everyone. Then social tension will hit a peak never seen before and internal conflicts could eventually become in 2012: CIVIL WAR!”
“Are you ready to die for God and your believe in a positive change for the world or are you all a bunch of cowards in the hands of the devil, just talking and talking with no sense of reality?”
As an ex-member of the Comitato Esecutivo Massonico – Masonic Executive Committee (MEC) of Monte Carlo, Zagami was, until recently, a true insider, a 33rd degree Freemason, and a high-member of the infamous Freemasonic P2 (Propaganda 2) Lodge. He was the “prince”, prepared to take over from the older Illuminati “king”, Licio Gelli.