Author Archives
-
Chinese netizen speaks out: “China spending as much on calming civil unrest as US on war effort”
Even putting current tensions between the country and Japan aside for the moment, China has seen a great deal of civil unrest in recent months. With citizens losing faith in their government, and the gap between the poor and the… Read More ›
-
BRIC hallucination: China won’t be engine of new world order, nor Russia, nor India
In the New World Order, the BRIC nations – developing nations – are to be the engine of global growth. That is at least what officials from the foremost global institutions have maintained all along, divorcing their narrative from the… Read More ›
-
A Chinese megacity is on the verge of bankruptcy
While most “developed world” people have heard of Hong Kong and Macau, far fewer have heard of China’s province of Guangdong, which is somewhat surprising. With over 100 million people, a GDP of nearly $1 trillion – the biggest of all… Read More ›
-
China to sell 20 billion yuan ($3.2 billion) in treasury bonds
The certificate treasury bonds, the third batch this year, will be sold Oct 10-19 to individual investors, the China Daily Friday quoted the finance ministry as saying. They include 12 billion yuan of three-year bonds with an annual interest rate of 4.76%… Read More ›
-
China carrier a show of force as Japan tension festers
China sent its first aircraft carrier into formal service on Tuesday amid a tense maritime dispute with Japan in a show of force that could worry its neighbours. China’s Ministry of Defence said the newly named Liaoning aircraft carrier would… Read More ›
-
PBOC injects biggest daily amount of funds via repos to raise liquidity
China’s central bank yesterday injected the largest daily amount of money into the banking system via open market operations to ease a liquidity thirst before a week-long holiday. The People’s Bank of China conducted 190 billion yuan of 28-day reverse… Read More ›
-
Chinese navy gets first aircraft carrier
China‘s first aircraft carrier, an overhauled former Soviet vessel, has been formally handed over to China’s navy, local media reported on Monday. The official ceremony was held on Sunday at the Dalian shipyard in Northeast China, where the aircraft carrier… Read More ›
-
South Korea signs deal to become NATO partner
NATO and South Korea on Thursday signed a new partnership program that sets the framework for cooperation and political dialogue. NATO Deputy Secretary-General Alexander Vershbow and the South Korean Ambassador Kim Chang-beom signed the first Individual Partnership Cooperation Program (IPCP)… Read More ›
-
Protesters stage anti-China rally in Tokyo over Senkaku Islands
A group of about 1,400 activists staged a mass anti-China demonstration in Tokyo on Saturday, vowing to defend the Senkaku (Diaoyu or Diaoyutai) Islands and safeguard Japan‘s territorial integrity. The activists, mostly men of middle age or older, were from… Read More ›
-
Japan, U.S. joint drill to defend remote islands opens to media
Media organisations observed a joint drill Saturday of Japan’s Ground Self-defence Force and the U.S. Marine Corps on the western Pacific island of Guam, aimed at strengthening their ability to defend remote islands from foreign assault. The drill was conducted… Read More ›
-
Bond wars: Chinese advisor calls for Japanese bond dump
China is actively considering “using its power as Japan’s biggest creditor with $230bn (£141bn) of bonds to “impose sanctions on Japan in the most effective manner” and bring Tokyo’s festering fiscal crisis to a head.” Meaning: dump Japan’s bonds en… Read More ›
-
China and Russia quit dollar
China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer… Read More ›
China News 