Call it passive-aggressive currency war.
While one of Trump’s most sincere desires, both during his campaign, and ideologically from his life prior to politics, has been to publicly declare China a currency manipulator – something he promised he would do on day one of his administration – and crack down on the “undervalued” Yuan (even though over the past 18 months, China has been scrambling to prevent further devaluation of the Yuan in light of over $1 trillion in capital outflows in recent years), lately Trump appears to have gotten second thoughts, and after backing off on his intent to negotiate the “One China” policy, now Trump is looking for a way out of engaging China directly in currency war. Continue reading
As we had learned from previous posts, the PLAN can expand its navy during war, weaponize and mobilize over 172,000 sea vessels.
You can read more about this in the following previous posts:
A lot of naysayers would immediately dismiss the threat, however, 172,000 vessels loaded with anti-ship missiles, cruise missiles, ICBMs, or God forbid a nuclear weapon, would be a problem for the U.S. Navy. Shipping containers can easily disguise mobile nukes loaded on freighters. Even half or a quarter of the amount of ships loaded with weapons would keep anyone out that doesn’t want to lose an entire fleet… or more.
HUNDREDS of warships, including aircraft carriers, nuclear submarines and a destroyer force, could soon be patrolling the Asia–Pacific as tensions between Beijing and Washington reach boiling point.
China is refusing to back down over President Donald Trump’s apparent interest in interfering with the ongoing turf war in the South China Sea.
With Xi Jinping’s nation being economically strong, it has the money and capability to massively expand its armed forces. Continue reading
BEIJING remains braced for a war with the US and its new President Donald Trump as it announced a second aircraft carrier is to be based in the South China Sea.
The chance of conflict has rapidly escalated, with security experts warning Mr Trump had no chance of taking the islands.
And China’s state media has already announced it will “step up preparedness for possible military conflict with US”. Continue reading
In the harshest warning yet that China is actively contemplating a worst case scenario for its diplomatic relations with the US, a senior Chinese military official said that “a war within the president’s term’ or ‘war breaking out tonight’ are not just slogans, they are becoming a practical reality.” The remarks, first reported by the SCMP, were published on the People’s Liberation Army website in response to the escalating rhetoric towards China from America’s new administration, and as Beijing braces itself for a possible deterioration in Sino-US ties, with a particular emphasis on maritime security.
The commentary written by an official at the national defence mobilisation department in the Central Military Commission – which has overall authority of China’s armed forces – also called for a US rebalancing of its strategy in Asia, military deployments in the East and South China Seas and the instillation of a missile defence system in South Korea were hot spots getting closer to ignition. Continue reading
BEIJING (Reuters) – China may be testing a new, long-range air-to-air missile that could take out early warning aircraft and aerial refueling aircraft, a state-run newspaper said on Thursday, after pictures of the new missile surfaced online.
President Xi Jinping is overseeing an ambitious military modernization program that includes stealth jets and aircraft carriers. The country has also tested anti-satellite missiles. Continue reading
- China’s response came over Trump’s pledge to put “America first”.
- In Davos, President Xi Jinping portrayed China as leader of a globalised world.
- China is the world’s second-largest economy after the US.
BEIJING: China does not want world leadership but could be forced to assume that role if others step back from that position, a senior Chinese diplomat said on Monday, after US President Donald Trump pledged to put “America first” in his first speech.
Zhang Jun,, director general of the Chinese foreign ministry’s international economics department, made the comments during a briefing with foreign journalists to discuss President Xi Jinping’s visit to Switzerland last week. Continue reading
DAVOS, Switzerland—Chinese President Xi Jinping’s strong defense of globalization at a speech at the World Economic Forum was depicted here as an effort to fill a vacuum being created by the U.S. stepping back from a global leadership role.
Mr. Xi was seen as reacting to growing concerns that the incoming U.S. administration of Donald Trump would shift the world’s largest economy toward protectionism. Continue reading
China’s largest television network has re-launched its international on-air and online presence in an effort to promote “positive propaganda” overseas.
Central China Television (CCTV) launched the new overseas offensive on Jan. 1 via the newly-named China Global Television Network (CGTN). Continue reading
China launched its first freight train to London on Sunday, according to the China Railway Corporation.
The train will travel from Yiwu West Railway Station in Zhejiang Province, Eastern China to Barking, London, taking 18 days to travel over 7,400 miles. Continue reading
Not only is espionage in the form of technology theft a serious issue, but the Chinese have also been manufacturing microchips Americans use [i.e. Huewei smartphones — founded by a PLA engineer on behest of the CCP (See also HERE)]… and it’s not limited to the average American consumer, but the U.S. military as well.
Incident involving jet fighter logistics highlights aggressive Chinese cyber espionage
A U.S. defense contractor was threatened with bankruptcy by Chinese hackers seeking jet fighter logistics secrets, according to the Pentagon’s Joint Staff.
A report earlier this month by the Joint Staff’s J-2 intelligence directorate revealed that the American contractor, a company involved in classified defense work, was threatened by Chinese hackers, according to Pentagon officials familiar with the report.
The Chinese demanded access to the company’s intellectual property, and said unless the company secrets were provided, China would steal the data, reverse engineer it, and then sell it internationally in a bid to force the company into bankruptcy. Continue reading
BEIJING – There’s a Chinese saying that stems from the philosophy in Sun Tzu’s ancient text “The Art of War”: You can kill 1,000 enemies, but you would also lose 800 soldiers.
Centuries later, the proverb is suddenly apt again, being mentioned frequently in discussions around Beijing. Now, it highlights the potential damage U.S. President-elect Donald Trump could inflict if he makes good on his threat to start a trade war with China, the world’s second-biggest economy.
Having backed off some other campaign pledges, it’s unclear if Trump will end up slapping punitive tariffs on China — and Beijing has signaled some optimism he will be more pragmatic in office. Still, the message from China is that any move to tax Chinese imports would bring retaliation: The U.S. economy would take a hit and America would damage its long-standing ties with Asia. Continue reading
The launch of the Shenzhou 11 spacecraft in western China last month marked another great leap forward for the nation’s space program and its ambition to send manned missions to the moon and, eventually, Mars. Yet more than national prestige is at stake: China is counting on its space program to pay huge economic dividends.
China is NASA’s biggest rival in space exploration with plans to land “taikonauts” on the moon by 2036 and Mars thereafter. Along the way, President Xi Jinping hopes the space missions will spawn a wave of Chinese innovation in robotics, aviation and artificial intelligence, among other leading 21st-century technologies. Continue reading
Chinese President Xi Jinping made a global rallying call Wednesday for countries to adopt Beijing style internet governance.
- Xi Jinping: “The development of the internet knows no international boundaries. The sound use, development and governance of the internet thus calls for closer cooperation.”
- Xi repeated China’s pledge to “promote equitable global internet governance” while upholding “cyber sovereignty.”
- This month: China’s parliament adopted a cybersecurity law critics say could shut foreign businesses out of various sectors in China.
- 40 international groups and technology organizations condemned the law which introduces sweeping surveillance measures.
- Beijing: law was designed to root out cybersecurity threats in “critical” industries.
Last night, Chinese President Xi Jinping rang up President-elect Donald Trump to congratulate him on his recent election win.
During the phone call, Xi stressed the need for cooperation between China and the United States in terms of trade, reported Beijing’s state-run TV channel China Central Television (CCTV) this morning. Continue reading
Where the largest population in the world has set its sights
Englishmen: Did you know the Chinese now control House of Fraser? Italians: Did you know the Chinese now own Pirelli? Swedes: Did you know the Chinese now own Volvo?
Depending on how old you are, you’ll likely be either embracing or resisting the Chinese economic offensive into Europe. But if you’d been a Greek youth struggling with 50 percent unemployment in the eurozone crisis, you would have been loving the extra Chinese foreign investment.
China has been looking to break into Europe for decades; in the last five years, its efforts have finally paid off. From 2010 to 2014, Chinese investments in Europe went from $6 billion to $55 billion. And remember, that huge increase happened as China’s economy had been comparatively slowing down.