Tag Archives: China

China’s military makes move into Africa

Posted on by

“China is establishing its first military base in Africa, according to a top U.S. general, providing yet another sign of its growing reach beyond the Asia-Pacific.  ‘They are going to build a base in Djibouti, so that will be their first military location in Africa,’ U.S. Army Gen. David Rodriguez, the commander of U.S. Africa Command, recently told defense reporters.  There has been speculation for years that China might establish a base in Djibouti. Rodriguez told The Hill that China has signed a 10-year contract with the African nation.  The base, he said, would serve as a logistics hub for China to be able to ‘extend their reach.'”

http://thehill.com/policy/defense/261153-chinas-military-makes-move-into-africa

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Ron Paul: What Are The Chances For Peace in 2016?

Posted on by

“Each year more than one trillion dollars goes up in smoke. More accurately, it is stolen from the middle and working classes and shipped off to the one percent. I am talking about the massive yearly bill to maintain the US empire.  None of this trillion dollars taken from us is spent to keep us safe, despite what politicians say. In fact, this great rip-off actually makes us less safe and more vulnerable to a terrorist attack thanks to resentment overseas at our interventions and to the blowback it produces.  The money is spent to maintain existing conflicts and to create new areas of conflict overseas that in turn feeds the demands for more military spending.”

http://ronpaulinstitute.org/archives/featured-articles/2015/december/28/what-are-the-chances-for-peace-in-2016/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Obama administration authorizes $1.83-billion arms sale to Taiwan

Posted on by

“The Obama administration formally notified Congress on Wednesday of a $1.83-billion arms sale package for Taiwan, including two frigates, anti-tank missiles, amphibious assault vehicles and other equipment, drawing an angry response from China.  The authorization, which Reuters on Monday reported was imminent, came a year after Congress passed legislation approving the sale. It is the first such major arms sale to Taiwan in more than four years.  The White House said there was no change in the longstanding U.S. ‘one China’ policy.  Past U.S. weapons sales to Taiwan have attracted strong condemnation in China, which considers Taiwan a renegade province.”

http://www.reuters.com/article/us-usa-taiwan-arms-idUSKBN0TZ2C520151217

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Pressure on China central bank for 15% yuan depreciation: sources

Posted on by

“China’s central bank is under increasing pressure from policy advisers to let the yuan currency fall quickly and sharply, by as much as 10-15 percent, as its recent gradual softening is thought to be doing more harm than good.  The PBOC has spent billions of dollars buying yuan over recent months to defend the exchange rate, but has failed to stabilize market sentiment. The currency has steadily lost another 2.6 percent against the U.S. dollar even after the bank sprung a surprise devaluation of nearly 2 percent in August.  China’s foreign exchange reserves fell by more than half a trillion dollars last year as the central bank bought yuan to support the exchange rate.”

http://www.reuters.com/article/us-china-markets-yuan-policymakers-idUSKBN0UL24020160107

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

China stocks up after circuit breaker rule axed, yuan fixed higher

Posted on by

“Chinese markets have had a turbulent start to 2016, buffeted by the PBOC’s lower yuan fixings against the dollar, two days of stock exchange suspensions, weak factory and service sector surveys, and worries about looming share sales by major stakeholders once a ban on such sales expires. The circuit breaker came under fire for kicking in too soon with its initial pause in trading, and then encouraging a rush to sell before a second trigger halted the day’s trade permanently. Sources told Reuters that China’s foreign exchange regulator has ordered banks in some trading hubs, including Shenzhen, to limit clients’ dollar purchases this month, the latest attempt to stem capital outflows.”

http://www.reuters.com/article/us-china-markets-idUSKBN0UM02K20160108

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Shanghai Fund Manager Dumps All Holdings in ‘Insane’ Market

Posted on by

“‘This is insane,’ Chen Gang, chief investment officer at Shanghai Heqi Tongyi Asset  Management Co., said in an interview on Thursday. ‘We were forced to liquidate all our holdings this morning,’ said Chen, whose firm manages about 300 million yuan ($45.5 million).  Many private funds and hedge funds in China have agreements with investors spelling out mandatory liquidation levels if their holdings drop below a certain value. The CSRC capped the size of stakes that major investors are allowed to sell at 1 percent of a company’s shares for three months effective Jan. 9, the regulator said in a statement on Thursday. The restriction replaces an existing six-month ban that is due to expire Friday.”

http://www.bloomberg.com/news/articles/2016-01-07/shanghai-fund-manager-dumps-all-holdings-as-market-goes-insane–ij3q4f91

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Zimbabwe adopts Chinese yuan as legal tender

Posted on by

“As China slowly began to enter African markets, it sought out countries overlooked or shunned by Western investors: Zimbabwe fit the bill perfectly. Beijing sought to court Zimbabwe with the deep pockets of state run companies, and shadowy investors such as Sam Pa (a man with seven known names and ties to the Chinese intelligence service.)  China is now Zimbabwe’s largest trading partner, purchasing 27.8% of the country’s exports. Moreover, bilateral trade has grown from $500 million in 2010 to $1.24 billion in 2014, with Beijing having provided Zimbabwe with $1 billion in low-interest loans since 2010.”

http://globalriskinsights.com/2016/01/zimbabwe-adopts-yuan-as-legal-tender/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

China halts stock market again after CSI 300 plunges more than 7%

Posted on by

“China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week.  That drop-kicked stock markets across Asia, which were already wallowing after a weaker open amid concerns over China’s swooning currency and economic slowdown as well as falling oil prices.  China’s securities regulator also issued new rules to restrict the percentage of shares major shareholders in listed companies can sell every three months, in an attempt to stabilize markets. Shareholders are not allowed to sell more than 1 percent of a company’s share in that period.”

http://www.cnbc.com/2016/01/06/china-slowdown-low-oil-prices-and-north-korea-h-bomb-weigh-on-asian-stock-markets.html

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Where Rich Chinese Stash Their Cash: America’s Hotels and Strip Malls

Posted on by

“While wealthy Chinese home buyers have pulled back on U.S. purchases in recent months amid the market turmoil at home, investors looking for commercial property have kept buying aggressively, brokers said. Many have centered on unlikely investments such as small office buildings, chain hotels and other nondescript properties in and around big U.S. cities, seizing an opportunity to place greater sums of money outside their government’s reach.  China’s middle-class families, meanwhile, have received attention for their purchases of individual homes and condo units in U.S. cities. Those transactions could be cooling, too, as Beijing tries to keep money from exiting the country.”

http://www.wsj.com/articles/where-rich-chinese-are-stashing-their-cash-americas-hotels-and-strip-malls-1449556200

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet

Once China’s richest person, Hanergy’s Li Hejun sells shares at 95pc discount

Posted on by

“Beleaguered Hanergy Thin Film Power chairman Li Hejun has agreed to sell HK$537 million worth of the firm’s shares at a 94.5 per cent discount as the firm struggles amid a regulatory probe.  The company’s shares are traded on the stock exchange in Hong Kong dollars. They last traded at HK$3.91 on May 21, when trading was abruptly halted on the firm’s request after they plunged 47 per cent in about an hour.  The SFC in June demanded from Hanergy audited financial statements of its parent Hanergy Holding for the past four years and detailed terms of outstanding loans taken out by Li.  But Hanergy said it could not meet the SFC’s request for financial statements.”

http://www.scmp.com/business/companies/article/1895893/once-chinas-richest-person-now-troubled-hanergy-chairman-li-hejun

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Donate via Installed Wallet