Hardly a day passes without some sort of China news in the financial headlines. There’s a good reason, too. China is the global economy’s 600-pound gorilla, second in size only to the US. Yes, it was largely a copycat business economy up until the early 2000s, but Chinese entrepreneurs have really taken charge in the last 10 years. Fueled by the profits from huge consumer demand, they are expanding not only in China but globally. This story is largely ignored in the US and in much of Europe. We hear about a few projects here and there, but we don’t understand the extent.
China is on its way to becoming the largest economy in the world, which because of its population, it should be (possibly with the exception of India, if they ever get their act together). Short-term events and arguments sometimes obscure this longer-term reality. China’s transition from rural poverty to export powerhouse to consumer goliath may be the most consequential economic event in centuries. Possibly ever—I can’t think of a historical example to rival it. Historians might argue the British Empire or even the US from 1800–2000, but that took centuries. China has done it in a little over 30 years. Continue reading →
Fund lowers forecast for U.K. growth after soft first quarter
Growth seen picking up in China, Japan, euro zone, Canada
The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.
The fund left its forecast for global growth unchanged in the latest quarterly update to its World Economic Outlook, released Monday in Kuala Lumpur. The world economy will expand 3.5 percent this year, up from 3.2 percent in 2016, and by 3.6 percent next year, the IMF said. The forecasts for this year and next are unchanged from the fund’s projections in April. Continue reading →
VX nerve agent, a chemical on a U.N. list of weapons of mass destruction, was used to kill the estranged half-brother of North Korean leader Kim Jong Un in last week’s murder in a busy Kuala Lumpur airport, Malaysian police said on Friday. The two women who assaulted him wiped the deadly chemical on his face as he prepared to board a plan for the Chinese territory of Macau. Continue reading →
The Philippines were yesterday, Malaysia is today. Which nation will next help shift the global order in China’s favor under an often-mentioned Asian bloc? This is only one step for Malaysia, but will prove to be another huge setback for America in Asia in the near future. Military cooperation between the two Asian nations is now in the pipeline.
Malaysian Prime Minister Najib Razak and Premier Li Keqiang attend a signing ceremony at the Great Hall of the People in Beijing on Tuesday. Photo: AFP
Kuala Lumpur also agrees to buy four Chinese naval vessels as part of Najib Razak’s visit to Beijing
China and Malaysia vowed to deepen cooperation on the disputed South China Sea on Tuesday as Malaysian Prime Minister Najib Razak met Premier Li Keqiang in Beijing.
Li called on Malaysia and China to further consolidate their relationship, especially when it came to the Association of Southeast Asian Nations, as part of China’s efforts to win over member nations of the bloc.
Kuala Lumpur: China said on Sunday it will continue to build military and civilian facilities on its artificial islands in the disputed South China Sea and the United States was testing it by sending warships through the area.
“Building and maintaining necessary military facilities, this is what is required for China’s national defence and for the protection of those islands and reefs,” Vice Foreign Minister Liu Zhenmin told a news conference in Kuala Lumpur. Continue reading →
One Clenched Fist, as warned about by JR Nyquist years ago — or, as the Bible tells us in Ezekiel 38 and 39, the invaders from the North. The world-war axis (SCO) is on the rise, America is in suicidal decline in every way possible, and the sword is coming.
The two countries have started coordinating moves in the region, but Russia remains silent on the South China Sea.
China and Russia already have a history of cooperation in Central Asia, defying predictions that competition over that region will derail their relationship. The two countries function as co-leaders in the Shanghai Cooperation Organization, and have even linked together their economic visions for the region (Russia’s Eurasian Economic Union and China’s Silk Road Economic Belt). When it comes to the Pacific Ocean region, however, Russia and China’s joint activities have been slower to develop – but that’s starting to change.
Germany’s foreign intelligence agency says its review of the crash of a Malaysian Airlines Boeing 777 in Ukrainian has concluded it was brought down by a missile fired by pro-Russian separatists near Donetsk.
After completing a detailed analysis, Germany’s foreign intelligence service, the Bundesnachrichtendienst (BND), has concluded that pro-Russian rebels were responsible for the crash of Malaysian Airlines Flight MH17 on July 19 in eastern Ukraine while on route from Amsterdam to Kuala Lumpur. Continue reading →
The Mirror reports that accounts from four passengers were accessed from an ATM in Kuala Lumpur on July 18. A total of more than 111,000 Malaysian ringgit (AU$37,464) was withdrawn, bank authorities said.
Intercepted phone calls purportedly between Russian military intelligence officers and members of a pro-Russian separatist group that appear to capture the moment the rebels realized the plane they shot down was a civilian passenger plane could be the smoking gun that helps prove Malaysia Airlines Flight 17 was downed Ukraine by the insurgents.
The tapes were released by SBU, Ukraine’s security agency, and transcript was published in the Kiev Post. It appears to capture the chaotic moments after the plane was shot down — and the realization that it was a passenger plane rather than a Ukrainian transport plane, which had been targeted in recent days by the Russia-backed separatists.
“We have just shot down a plane,” says a man the SBU identified as Igor Bezler, a Russian military intelligence officer and leading commander of the self-proclaimed Donetsk People’s Republic. Continue reading →