China Revamping Its Military To Increase Battle-Readiness

Vice Chairman of the Central Military Commission Xu Qiliang wrote a piece in People’s Daily (Chinese) clarifying how the military would enact reforms in the wake of the Third Plenum. The fundamental goal is to increase the efficiency and battle-readiness of the military. According to Xu, there is still a large gap between China’s military and the world’s leading military (presumably a reference to the United States). Major goals of the reforms include fully bringing China’s military into the information age, revamping the command system for joint combat, and reforming the leadership structure. Continue reading

The Day the Dollar Dies

Twenty-one men representing China’s most powerful institutions file into a conference room atop the icc Tower looming over Victoria Harbor. The Politburo Standing Committee has mustered the ceos of China’s four largest banks, Sinopec, and several other state-owned multinationals, plus officers from the Central Military Commission and a pair of academics from China’s top technology universities.

The general secretary formally opens the meeting. “As you know, the United States of America continues to manipulate its currency,” he begins. “It is devaluing its dollar, which steals away trade and reduces the value of its debts. The Standing Committee manages the yuan’s value to protect our manufacturing base and support employment.”

The secretary leans back ever so slightly to say what everyone in the room already knows, and the reason why they are here. “Three days ago, the Federal Reserve System announced its sixth quantitative easing policy in the past seven years.”

And now, the marching orders. Continue reading

Beijing troop movements foreshadow upheaval in neighboring N. Korea

When given some thought, all the sabre rattling and threats could plausibly be the result of an already-collapsing regime that is attempting to distract the domestic attention.

Communist Party General Secretary and commander-in-chief Xi Jinping has asked the nation’s military and police forces to take full precautions regarding the possible collapse of the Kim Jung-Un regime. Continue reading