Tag Archives: China

Most people expect to be worse off than parents – except U.S., Chinese

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“A ‘squeezed generation’ of middle-aged Europeans are convinced they are going to be poorer in retirement than their parents, according to a global survey that found the Chinese the most confident about their future and the French, Germans and Spanish the most pessimistic.  Americans are the most sure they will enjoy their retirement, the British are among the most likely to worry about being lonely, while individuals in Eastern European countries are uniformly morose about their future.  In the survey, 43% of Japanese said they associate retirement with ‘insecurity’ compared to just 13% in China and the US, and 15% in the UK.”

http://www.rawstory.com/rs/2013/05/17/most-people-expect-to-be-worse-off-than-parents-in-retirement-except-the-chinese/

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Bitcoin Mania Grips China

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“Labcoin, managed by Hong Kong-based ITec-Pro, which began trading its shares this month on an online exchange, has a market value of 20,000 Bitcoins, or about $2.9 million. Another company, Myminer, operates ‘mining farms’ in China, where it says the low cost of power to run vast numbers of computers gives it an edge. BTCChina.com, China’s most popular Bitcoin exchange, lets traders use the payment systems of more established companies, including Tencent and Alipay, an affiliate of Alibaba Group, to buy and sell the virtual currency. Other Bitcoin trading platforms popular in China are FXBTC.com and Btctrade.com.  Regulators in China have so far ignored Bitcoins.”

http://www.businessweek.com/articles/2013-09-05/bitcoin-mania-grips-china

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US, Russia, and China Increase Naval Presence Off Syria

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“For the first time in several decades, the world is in a crisis akin to that which John F. Kennedy and Nikita Khrushchev faced off in over Cuba in 1962. With America’s president and the nation’s reputation on the line now, it seems certain the United States will not be able to back down. Many are wondering at this point, what mighty forces must be at play beneath the surface of this horrific and shifting situation. With the US Congress set to vote on US intervention in Syria, Russia and China have their interests to protect as well. Sea lanes, arms shipments, oil, geostrategic position, and the balance of power in the world are focused now on Syria.”

http://everything-pr.com/us-russia-and-china-increase-naval-presence-off-syria/245690/

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Report: China Sends Warships to Coast of Syria

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“China has reportedly sent warships to the coast of Syria to ‘observe’ the actions of US and Russian ships as tensions build in preparation for a potential military strike on Syria which could come as soon as next week.  According to the Russian news outlet Telegrafist.org, the People’s Liberation Army dispatched the Jinggangshan amphibious dock landing ship and the vessel was seen passing through the Red Sea towards the Suez Canal, the waterway in Egypt that leads to the Mediterranean Sea and waters off the coast of Israel, Lebanon and Syria.  According to the report, the ship has not been sent to engage in any aggressive actions but is merely there to ‘observe’.”

http://www.infowars.com/report-china-sends-warships-to-coast-of-syria/

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China Officially Backs Russia On Syria, Warns On Global Economy

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“China warned on Thursday that military intervention in Syria would hurt the world economy and push up oil prices, reinforcing Vladimir Putin’s attempts to talk US President Barack Obama out of air strikes. ‘Military action would have a negative impact on the global economy, especially on the oil price – it will cause a hike in the oil price,’ Chinese vice-finance minister Zhu Guangyao told a briefing before the start of the G20 leaders’ talks.”

http://www.zerohedge.com/news/2013-09-05/china-officially-backs-russia-syria-warns-military-action-would-have-negative-impact

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India’s Poorest Women Coerced Into Sterilization

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“When it comes to family planning, women are on the front lines in India, which has carried out about 37 percent of the world’s female sterilizations. Government-imposed quotas and financial incentives for doctors mean 4.6 million women were sterilized last year, many for cash payments and many in the unsanitary and rudimentary conditions that greeted Devi.  In neighboring China, the government has since 1979 used the threat of fines and the loss of social services to enforce rules that bar many urban couples from having more than one child. It now is beginning to ease the policy as the population ages and coastal regions face labor shortages.”

http://www.bloomberg.com/news/2013-06-11/india-s-poorest-women-coerced-into-sterilization.html

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Seized shark fins dumped in Marshall Islands ceremony

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“The gesture underscored the progress made towards protecting the marine predators since the Marshalls declared a two million square kilometre (770,000 square mile) shark sanctuary in 2011.  Villagomez said some commercial tuna fishermen still illegally cut the fins from sharks, even though they earned very little from the practice. ‘Fishermen only receive a few dollars (per fin),’ he said. ‘But once they are processed in China and sold in Hong Kong restaurants, the price can be as high as US$1,500 per kilo.’ The fins that were dumped off the capital Majuro were confiscated from a Chinese longline fishing vessel earlier this year that was fined $125,000.”

http://www.rawstory.com/rs/2013/09/03/seized-shark-fins-dumped-in-marshall-islands-ceremony/

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UBS’ Friedman: US Might Have to Bail Out Chinese Banks

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“Over the past decade, huge quantities of short-term capital from China’s exploding exports have been injected into China’s banking system, enabling a shadow-banking system and resulting in a massive credit bubble and over-investment, by many accounts.
In the event of a crisis, China would most likely be forced to sell off its massive Treasury holdings, Friedman predicted, and the Federal Reserve should prepare itself for it. ‘After spending years attempting to insulate the U.S. economy from the upshot of its own banking crisis, the Fed may ultimately be forced to bail out China’s banks, too. This would fundamentally redefine — and, one hopes, rebalance — U.S.-China relations.'”

http://www.moneynews.com/Economy/Friedman-China-US-banks/2013/08/27/id/522382

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China has much at risk but no reach in Middle East

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“The Middle East is China’s largest source of crude oil. Without it, the world’s second-largest economy would shudder to a halt. China has few economic interests in Syria itself but believes it has a strategic and diplomatic imperative to ensure Middle East stability and to protect a vital energy source.  China effectively relies on a strong U.S. military presence in the region to guarantee stability and the smooth flow of oil, especially through the Strait of Hormuz, which Iran has threatened in the past to close in the event of war. That could increasingly grate on the Chinese and prompt a strategic re-think, said a diplomatic source who is familiar with China’s Middle East policy.”

http://www.reuters.com/article/2013/08/28/us-syria-crisis-china-analysis-idUSBRE97R08V20130828

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A Huge Gold Prediction… From Reality TV

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“Two American yahoos, while trying to secure a mining claim, found thousands of Chinese nationals are overtaking many of the mining concessions in Ghana. It’s illegal, but no one was stopping the brute force of the Chinese. As one local tribesman admitted, the Chinese ‘have guns’ and aren’t easy to move from a claim.  If you’re tuned in to the show as a gold watcher, you know there’s a lot more to this story.  For starters, what the heck are thousands of Chinese nationals crawling around Ghana’s gold fields for? They’ve got man power… they’ve got materials… they’ve got dogs… they’ve got guns… and, holy cow, now they’ve got Ghana’s gold!”

http://dailyresourcehunter.com/a-huge-gold-prediction-from-reality-tv/

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