Following a trip to Kazakhstan, Belarus and Russia in early May, President Xi Jinping of China received the visiting Indian prime minister, Narendra Modi. Beijing is stepping up efforts to push its “Belt and Road” initiatives, as these countries are all key players in China’s Silk Road Economic Belt and the 21st Century Maritime Silk Road plans and have signed economic cooperation deals involving huge sums.
Through its Silk Road Fund and the planned Asian Infrastructure Investment Bank (AIIB), China has also established a mechanism similar to the Marshall Plan and the Bretton Woods system that helped the United States build a dominant position after World War II. Continue reading
The world authorities have run out of ammunition as rates remain stuck at zero. They have no margin for error as economy falters
The world economy is disturbingly close to stall speed. The United Nations has cut its global growth forecast for this year to 2.8pc, the latest of the multinational bodies to retreat.
We are not yet in the danger zone but this pace is only slightly above the 2.5pc rate that used to be regarded as a recession for the international system as a whole.
It leaves a thin safety buffer against any economic shock – most potently if China abandons its crawling dollar peg and resorts to ‘beggar-thy-neighbour’ policies, transmitting a further deflationary shock across the global economy.
China’s space capabilities are ranked the fourth in the world, and the gap between the leading powers is narrowing, according to a report issued recently by a Chinese research organization.
China is at a crucial period developing from a major power to a great power in space, says an evaluation by the Beijing Institute of Space Science and Technology Information, affiliated to the China Academy of Space Technology.
Last year saw a record 92 launches around the world, with 262 spacecraft put into orbit. The institute for the first time evaluated the space capabilities of 20 countries and regions across six aspects: strategy, product systems, infrastructure, industrial scale, innovation and international influence. Continue reading
As reported by Japan’s news media, the Japanese government plans to earmark US$100 billion for investing in infrastructure projects in Asia in the next five years, with the investment scale rivaling the authorized initial capital of the China-initiated Asian Infrastructure Investment Bank (AIIB). But many observers doubt whether Japan is financially and technically capable of carrying out the plan, given its government’s heavy financial burden and its aging population, according to the Shanghai-based China Business News (CBN). Continue reading
As the US is refusing to sell Japan the Lockheed Martin F-22 Raptor fighter, the Japan Air Self-Defense Force (JASDF) will have to settle for the Lockheed Martin F-35 Lightning II instead, according to an analysis piece posted on Sina’s military news web portal.
The F-35 will still allow the JASDF entry into the stealth fighter club, however. China is likely to respond to the Japanese fighter upgrade with appropriate measures of its own, said the website. Continue reading
Drill comes after PLA tells US aircraft to leave Fiery Cross Reef airspace
China’s air force sent a group of strategic bombers through the Miyako Strait south of Okinawa in a long-range drill for the first time yesterday as part of military exercises in the western Pacific.
The manoeuvre came as US-based CNN reported that the Chinese navy repeatedly warned a US surveillance plane to leave airspace over artificial islands that Beijing is building in the disputed South China Sea.
Currency wrecker, convicted felon and ‘philanthropist’ George Soros would know because he’s in that network circle.
Much depends on Chinese economy
WASHINGTON (MarketWatch) — Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war
If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power. Continue reading
(NaturalNews) Radiation from the Fukushima explosion has reached North America. On April 12, 2015, scientists collected seawater with radioactive isotopes from the Fukushima meltdown. The samples were collected at Vancouver Island, British Columbia, Canada, just north of the United States border, at the Ucluelet Aquarium. The report of the findings were made by Ken Buesseler, senior scientist at the Woods Hole Oceanographic Institution (WHOI), located in Cape Cod, Mass. He believes that the amount of radioactivity detected was many times smaller than that of a dental X-ray. Mainstream media sources such as Reuters have also commented on the findings. Continue reading
HSBC chief economist Stephen King is already thinking about the next recession.
In a note to clients Wednesday, he warns: “The world economy is like an ocean liner without lifeboats. If another recession hits, it could be a truly titanic struggle for policymakers.” Continue reading
As America is suiciding itself out of existence, the U.S.-Japanese alliance will not last for long. Even though cooperation is ongoing, Japanese leaders increasingly see America as an unreliable partner, much like the Saudis who already went their own way and kept only essential communication lines open. When America collapses, not if, expect Japan to be reigned into the Chinese umbrella protectorate — a regional Asian bloc. From a logical standpoint, it would be better for Japan to align with a nuclear armed nation of 1.4 billion than go against it.
US NATO Commander General Philip Breedlove warned in a testimony before the Senate Armed Services Committee last week that Europe and the United States could come into tense confrontation with Russia as the latter increases its military operations in eastern Ukraine.
The US must boost cooperation with its NATO allies, Breedlove suggested, noting that President Barack Obama has reached consensus with Prime Minister Shinzo Abe of Japan that the two countries will strengthen their military ties under the US-Japan Defense Cooperation Guidelines. Continue reading
Washington: The Pentagon is considering sending US military aircraft and ships to assert freedom of navigation around rapidly growing Chinese-made artificial islands in the disputed South China Sea, a US official said on Tuesday.
US Defence Secretary Ash Carter requested options that included sending US military ships and aircraft within 22 kilometres of reefs that China had been building up in the disputed Spratly Islands, the official said.
Such a move would directly challenge Chinese efforts to expand its influence in the disputed region by literally adding territory through a massive island-building exercise. Continue reading
From 2010 and today still very relevant:
In a remote corner of the globe, a port bristles with cranes, smokestacks, mammoth ships—and trouble for Europe.
In January, Russia made a world-changing move. It completed a new oil pipeline and port complex that sets Russia up to become a more powerful oil exporter than Saudi Arabia. The ramifications for Europe and Asia are profound: The shape of the global economy—and the global balance of power—will soon be altered forever.
December 28 was a big day of ceremony in Russia. Prime Minister Vladimir Putin pushed a button that transformed global oil dynamics. The button released thousands of barrels of Siberian crude into a waiting Russian supertanker and heralded the opening of Russia’s first modern Pacific-based oil export facilities.
‘It is absolute pandemonium in the fixed income markets. Everybody has been trying to get out at the same time but the door is getting smaller,’ says RBS
A wave of turmoil is sweeping through sovereign bond markets, setting off the most dramatic gyrations seen in recent years and threatening to spill over into over-heated equity markets.
Yields on German 10-year Bunds spiked violently by almost 20 basis points to 0.78pc in early trading on Thursday as funds scrambled to unwind the so-called “QE trade” in Europe, with powerful ripple effects reaching Japan, Australia, Brazil and even US Treasuries.
“It is absolute pandemonium in the fixed income markets,” said Andrew Roberts, head of European credit at RBS. “Everybody has been trying to get out of long-duration positions at the same time but the door is getting smaller.”
The Defense Ministry of Japan is planning to deploy units of its Ground Self-Defense Force to the islands of Miyako and Ishigaki southwest of Okinawa, in what Japanese government sources claimed to be a response to increased maritime activity from Chinese naval vessels in the Pacific Ocean close to the islands.
Around 600 military personnel, equipped with surface-to-ship missiles, are to be deployed on the islands, which are controlled by Japan as part of its Okinawa Prefecture. Continue reading
China’s 19th naval escort task force consisting of a Type 903 replenishment ship and two Type 054A guided-missile frigates entered the Black Sea through the Bosphorus on May 4 according to photos uploaded by internet users in Turkey, reports China’s Global Times. Continue reading