BERLIN/WASHINGTON/BEIJING (Own report) – Despite escalating tensions in East Asia, German companies have announced new arms exports to Western allies in China’s vicinity. Kiel’s HGW shipbuilding company has confirmed its decision to sell two submarines to Singapore. In the island disputes in eastern and southeastern Asia, Singapore is seen as one of the West’s reliable partners. The current territorial disputes over the archipelago known as the “Diaoyu Islands” (in China) and the “Senkaku Islands” (in Japan), which are claimed by both countries, gives an indication of the conflicts emerging in the region. Interest in these islands is based not so much on their resources but rather on conflicting geo-strategic interests: These Islands are part of a chain of islands Beijing considers an important defense against possible aggression. Berlin is observing these tensions with apprehension because they could threaten German business interests. German arms exports to the region, as well as the Bundeswehr’s growing cooperation with Japan, South Korea and other Western allies, are an indication that, in the case of an escalation of conflict, Germany would take sides – against China. Continue reading
WASHINGTON (AP) – A longtime adviser to the U.S. Director of National Intelligence has resigned after the government learned he has worked since 2010 as a paid consultant for Huawei Technologies Ltd., the Chinese technology company the U.S. has condemned as an espionage threat, The Associated Press has learned.
Theodore H. Moran, a respected expert on China’s international investment and professor at Georgetown University, had served since 2007 as adviser to the intelligence director’s advisory panel on foreign investment in the United States. Moran also was an adviser to the National Intelligence Council, a group of 18 senior analysts and policy experts who provide U.S. spy agencies with judgments on important international issues. Continue reading
For the first time in U.S. history, Chinese Communist troops conducted exercises on U.S. soil. The administration says this was an important opportunity for America and China to get to know each other better and build trust. But is inviting your enemies into your house really such a good idea?
U.S. policy makers see these military exercises as a way to foster trust between nations. They see them as a critical first step in reducing the chances of international accidents and eventually turning these nations from enemies to allies. But inviting enemies into your house in an attempt to make them friends, or even just to learn more about their capabilities, is a dangerous game. Just ask King Hezekiah. Continue reading
The growing stature of the Chinese yuan in global trade and finance has brought exciting opportunities in yuan-related businesses, said Standard Chartered Group CEO Peter Sands in Beijing on Tuesday.
The renminbi is now among the most actively traded currencies in the world as the Chinese government moves to make it easier for the yuan to flow across its borders.
“We are very excited at the prospects of the renminbi becoming even more integrated into the global economy,” said Sands, who is accompanying British Prime Minister David Cameron on his second visit to China since taking office. Continue reading
East Asia is trapped in a vicious cycle of escalating tensions, with China’s rising power giving Japanese hawks legitimacy in their bid to bolster the military — exactly what Beijing says it fears.
“This is a battle about pride,” said Takehiko Yamamoto, international security professor at Japan’s Waseda University. “I cannot, for now, see there being any compromises.” Continue reading
U.S. immigration officials are considering a proposal from Chinese investors to create a multibillion-dollar development in New York’s Catskills called “China City” — raising concerns among critics about the potential cost to U.S. taxpayers and, according to one analyst, the possibility it could be a “stalking horse” for the Beijing government.
A spokesman from the U.S. Citizenship and Immigration Services told FoxNews.com that the proposal for Thompson, N.Y., has not been approved but is under consideration. Continue reading
MOMBASA, Kenya, Dec. 4 (UPI) — The Chinese, investing heavily in Africa to secure its oil and other raw materials for their expanding economy, are spearheading a new era of railroad building to unlock the continent’s interior.This is an echo of the long-gone colonial empires when a century ago British and French engineers first opened up Africa to plunder its riches.
The railroad frenzy is being accompanied by a massive push to build several major ports along the coast of East Africa to accelerate exports across the Indian Ocean, mostly to China, India and Japan, as well as lay down a network of oil and gas pipelines to these ports. Continue reading
Whether it’s the renminbi/yuan or the Euro, for example, the world could indeed live on without the Dollar and has already created a way to circumvent it — just as the BRICS nations are attempting to launch their own internet system, separate from the currently U.S. dominated version. This article serves as a case-in-point.
An announcement Tuesday by the obscure-sounding Society for Worldwide Interbank Financial Telecommunication, better known as SWIFT, may not get much ink. China’s currency, it reported, was used in 8.66 percent of global trade finance transactions in October, the group said. It’s now the No. 2 most widely used currency for trade finance, supplanting the euro.
But that is a lot more important than it might sound. It gives an important window into how the global economy is changing–and why America’s long reign of economic dominance is at risk. Continue reading
- China claims sovereignty over Japanese controlled islands
- U.S. Navy sends first of six advanced anti-ship aircraft to Japan
- Fears mount tensions could spark unplanned military incident
China last month established an air defense zone covering islands controlled by Japan and claimed by Beijing – sparking fears that it could lead to an unplanned military incident.
Now the U.S. Navy is sending P-8 Poseidon patrol aircraft which will strengthen America’s ability to hunt submarines and other vessels in seas close to China. Continue reading
The 100-year period from 1815 until World War I began in 1914 was one of Europe’s greatest periods of peace ever. But consider what happened during those years: France invaded Spain; Russia fought Turkey; various German states fought with Denmark, Austria and France; Britain and Turkey fought Russia; and Greece fought Turkey. Those are just the “highlights”—and they don’t include the numerous internal conflicts, uprisings, declarations of independence and other political unrest that occurred. Even Switzerland had a civil war.
That is what “peace” in Europe looked like before the latter half of the 20th century. Continue reading
Grain production is up, but wells are going dry from the unsustainable use of irrigation water.
In recent years about 27 million wells have been drilled, chasing water tables downward in every Indian state. Even the typically conservative World Bank warned in 2005 that 15% of India’s food was being produced by overpumping groundwater. The situation has not improved, meaning that about 190 million Indians are being fed using water that cannot be sustained. This means that the dietary foundation for about 190 million people could disappear with little warning. Continue reading
Nov 29 (Reuters) – China sent several fighter jets and an early warning aircraft into its new air defence zone over the East China Sea on Thursday, state news agency Xinhua said, raising the stakes in a standoff with the United States, Japan and South Korea.
Japan and South Korea also flew military aircraft through the zone on Thursday while Washington sent two unarmed B-52 bombers into the airspace earlier this week in a sign of support for its ally Japan. None of those aircraft informed Beijing. Continue reading