After a struggle to repay its debts since 2015, Guangxi Nonferrous Metals Group, a regional Chinese state-owned metal producer, has finally been declared bankrupt by a Chinese court, becoming the country’s first interbank bond issuer to fail. It is also China’s first bankruptcy case in which a state-owned company has liquidated.
The pinnacle of the global financial system is warning that conditions are right for a “full-blown banking crisis” in China. Since the last financial crisis, there has been a credit boom in China that is really unprecedented in world history. At this point the total value of all outstanding loans in China has hit a grand total of more than 28 trillion dollars. That is essentially equivalent to the commercial banking systems of the United States and Japan combined. While it is true that government debt is under control in China, corporate debt is now 171 percent of GDP, and it is only a matter of time before that debt bubble horribly bursts. The situation in China has already grown so dire that the Bank for International Settlements is sounding the alarm…
A key gauge of credit vulnerability is now three times over the danger threshold and has continued to deteriorate, despite pledges by Chinese premier Li Keqiang to wean the economy off debt-driven growth before it is too late. Continue reading »
Every now and then you are dragged from your filthy, overcrowded cell into a room where, without warning, needles are jabbed into your arm and blood is drawn into as many vials as it can fill. Then prison authorities instruct a group of drug addicted criminals to use violence to restrain you as you are made to give a urine sample and subjected to invasive medical procedures. Continue reading »
A Chinese firm has reportedly developed and tested a radar system that uses quantum entanglement to beat the stealth technology of modern military craft, state media said.
The first Chinese quantum radar was developed by the Intelligent Perception Technology Laboratory of the 14th Institute in CETC, according to Xinhua news agency. CETC stands for Electronics Technology Group Corporation, a defense and electronics firm. Continue reading »
In an abrupt departure from his nation’s longstanding military reliance on the U.S., Duterte said the Philippines would pursue “independent” policies separate from US interests in the region, and ordered his defense secretary to seek military gear from suppliers in China and Russia. In another dramatic shift, he also said that the Philippines would stop patrolling the South China Sea alongside the U.S. Navy, to avoid upsetting Beijing.
“Still trying to get my head round this gem. Absolutely fascinating how, as Icke always claimed, the Rothschild tentacles spread, interface, corrupt, invade, coerce, influence, infiltrate, bribe and intimidate every Nation on this planet to give up its wealth to them.”
Air China is taking some heat today after posting some unusual “safety” tips for their travelers looking to visit London. The controversial advice was posted in Air China’s in-flight magazine, Wings of China, and read as follows:
“London is generally a safe place to travel, however precautions are needed when entering areas mainly populated by Indians, Pakistanis and black people. We advise tourists not to go out alone at night, and females always to be accompanied by another person when traveling.” Continue reading »
Most people don´t know that China keeps up to millions of prisoners of conscience in different camps across China. Earlier estimates have been put at 5-7 million prisoners of conscience although there should be fewer now. In 2013 it seemed like China would improve everything as they closed down their labour camps for prisoners of conscience. In reality it seems like many of the camps were only renamed and we can only guess how many innocent people still remain in these dark places. What is less known is that the Chinese Communist Party(CCP) has operated a huge number of people to death during the last 15 years and most of them were adherents of the spiritual practice Falun Gong. Falun Gong has been illegally persecuted by the regime since 1999.
The Chinese government continues to illegally harvest organs from millions of its innocent prisoners despite saying it had ended the practice two years ago, a decade-long study has alleged.
Experts estimate between 60,000 and 100,000 organs are transplanted annually, and the majority of the hearts, livers and other organs are obtained by executing prisoners of conscience. Continue reading »
Today’s UK Column News with Brian Gerrish & Mike Robinson, including:
START Keith Vaz + Male Prostitutes = A spectacularly disgraced MP.
08:34 Economic Crime – An International Composium of Fig-Leaves
10:42 Miraculous new ‘Non-Conviction-based Confiscation Powers…’
12:57 ‘Free Trade’ is used as a Misnomer to disguise Transnationalists
17:23 Xi Jinping – Bold Initiatives & Large-Scale Investment Overseas
19:14 Assert the Rule of Law in Winchester : Latest BCG Conference
24:52 Lies & Propaganda? A fit of British Racism? Polish Man Killed.
27:43 Big Bang II : After the Brexit vote – ‘What’s Next for The City?’
32:38 Military Ships|Trade & Tech|Drone Boats|& Iranian Prowess
34:57 ‘So the Commander of ISIS is an American trained Operative?’
35:24 ‘Progress!’ Social Media presents an expansive list of Genders…
Roughly at the same time as China’s infamous snub of Obama‘s arrival at Hangzhou for the G-20 summit, when the G-20 host nation’s delegation first made sure there was no staircase for Obama to exit the plane and descend on the red carpet; forcing the president of the world’s most powerful nation to use an emergency exit…
… followed by a shouting match by a Chinese official who unleashed on the US Press corps and national security advisor Susan Rice, blocking them from crossing a blue rope holding back press and saying “This is our country. This is our airport”, Chinese officials had no such problems greeting Russian president Vladimir Putin with full honors, whose arrival – on the red carpet – took place without a glitch.
Upon arrival on Saturday in China as part of his last visit to Asia as US Commander in Chief for the periodic photo-op that is the G-20 meeting, something unexpected happened: a very undiplomatic greeting when an unusual tarmac altercation involving Chinese and U.S. officials, including national security adviser Susan Rice, devolved into a shouting match by a member of the Chinese delegation.Continue reading »
Upon arrival on Saturday in China as part of his last visit to Asia as US Commander in Chief for the periodic photo-op that is the G-20 meeting, something unexpected happened: a very undiplomatic greeting when an unusual tarmac altercation involving Chinese and U.S. officials, including national security adviser Susan Rice, devolved into a shouting match by a member of the Chinese delegation.
It all started with the actual landing: as AP reports, the first sign of trouble is that there was no staircase for Obama to exit the plane and descend on the red carpet. So, as the photo below shows, Obama used an alternative exit. Needless to say, a diplomatic fuck up such as this one, was not accidental – Beijing was sending a loud and clear message.
Barack Obama arrives on Air Force One at Hangzhou Xiaoshan International Airport in Hangzhou in eastern China’s Zhejiang province on Sept. 3 for the G20 summit
“Here’s the downward trend for Rail Freight in China despite great efforts by Government to shake it up. This is so obvious. It is everywhere. Demand for everything but basics (food, warmth, power, travel) have fallen over the edge, but the Governments and News Media remain silent. They know we are all in a recession headed into a slump and, once the banks fail, we shall be all herded into a crisis nobody can predict the outcome of.”
The Chinese government is getting nervous about the numbers and is insisting, top-down, on obtaining economic growth of 6.5% to 7% this year, one way or the other.
China’s cabinet has sent inspectors fanning out to provinces across the country to “keep economic growth within a reasonable range and ensure the main objectives and tasks of this year’s economic and social development will be completed,” according to Xinhua news agency, cited by Reuters. Because, apparently not all of China was playing along…. Continue reading »
QUESS could hold the key to uncrackable communications
In the age of relentless cyberattacks and global electronic surveillance, nations and citizens are looking for any means to secure their communications. China is poised to launch a project that may provide the path to an uncrackable communications system, by turning messages quantum and taking them into space. The new Quantum Space Satellite (QUESS) program is no mere science experiment. China is already becoming a world leader in quantum communications technology; a satellite that delivers quantum communications will be a cornerstone for translating cutting-edge research into a strategic asset for Chinese power worldwide. Continue reading »
The bombastic Filipino President Rodrigo Duterte moved to escalate tensions in the South China Sea knowing that the United States is under a treaty obligation to defend the Philippines.
Philippine President Rodrigo Duterte, known as the Donald Trump of the Pacific, unleashed a fiery batch of rhetoric this week that threatens to light a match under the South China Sea powder keg threatening a “bloody confrontation” against any country that infringes on Manila’s sovereignty and suggesting that he would “happily beat up” any party that attempts to take control of the disputed Scarborough Shoals.
The relatively unhinged musings of the Filipino leader follow controversial statements made earlier this week about the country exiting the United Nations if they continue to complain about his aggressive “war on drugs” that has left over 1,900 dead over the past 8 weeks along with statements referring to US Secretary of State John Kerry as “crazy” while laughing that he should have insulted the American diplomat more so that they would give even more money.
“I guarantee to (China), if you enter here, it will be bloody, and we will not give it to them easily. It will be the bones of our soldiers, you can include mine,” said Duterte to the Associated Press. “We’ll not allow any country to bamboozle (us). We’ll not allow it.”Continue reading »
The invasion of Syria that so many people have been warning about is now happening. On Wednesday, Turkish tanks rolled across the Syrian border, and they were accompanied by radical Islamic Syrian rebels that want to ultimately overthrow the Assad regime. This invasion was conducted under the code name “Euphrates Shield”, and it was supported by airstrikes from A-10s and F-16s that are part of the U.S.-led coalition that has been conducting airstrikes against ISIS targets in the region. The mainstream media in the United States has been very quiet about this escalation of the conflict in Syria, but things are much different in the rest of the world. For example, a major Israeli news source announced the attack this way: “Turkey invades Syria“. And without a doubt, that is precisely what is taking place. The Syrian government denounced this move by Turkey as a “blatant breach to its sovereignty”, and the Russians are deeply alarmed. The farther Turkish forces push into northern Syria, the more likely they will be to encounter Syrian or Russian forces, and one bad move could result in the outbreak of World War 3 in the Middle East. Continue reading »
In signs of a new Cold War, China is building an arsenal of both offensive and defensive missiles to prepare for a hypothetical conflict with the United States. In recent months, tensions between the two nations have reached new heights.
In the South China Sea, Beijing and Washington are at loggerheads over the former’s construction of artificial islands, with the US concerned China is attempting to establish an air defense zone. In the neighboring East China Sea, Tokyo and Beijing are at odds over the Senkaku islands, a conflict partly driven by the United States pressuring its Pacific allies into taking a harder stance against China’s growing influence.
Syria’s Foreign Ministry, which has the backing of Russia and as of last week, China, condemned Turkey’s military incursion against an Islamic State-held Syrian town near its border, aided by aircraft from a U.S.-led coalition, as a breach of its sovereignty, Syrian state television reported. It added that any counter terrorism operations inside its borders had to be conducted in coordination with Damascus and accused Ankara of launching the incursion to replace Islamic State with “other terrorist groups” a reference to rebels.
There has already been speculation that Turkey’s latest incursion into Syrian territory has little to do with the stated purpose of cleansing ISIS forces close to its border following this weekend’s Gaziantep suicide bombing which was promptly blamed on ISIS, and is merely the latest escalation in Erdogan’s ongoing conflict with militant Kurdish forces located in the region. Continue reading »
With China’s presence in Syria — and on the side of Russian and Syrian forces, no less — the last remaining global superpower has injected itself in the most hotly-contested military conflict on the planet.
According to state-run Chinese news outlet Xinhua, the Chinese military — citing remarks made by a high-ranking military official during a rare trip to Damascus — is seeking closer ties with war-torn Syria, offering to supply humanitarian aid and even train Syrian military personnel. Continue reading »
Beijing and Damascus have agreed that the Chinese military will provide humanitarian aid to Syria, a high-ranking People’s Liberation Army officer said, adding that the training of Syrian personnel by Chinese instructors has also been discussed.
Director of the Office for International Military Cooperation of China’s Central Military Commission, Guan Youfei, arrived in Damascus on Tuesday for talks with Syrian Defense Minister Fahad Jassim al-Freij, Chinese Xinhua news agency reported. Continue reading »
As the United States and Europe embark on an increasingly hawkish policy towards China, Beijing has moved to welcome the formation of an alliance with Russia to counter NATO.
Speaking at the 95th anniversary of the founding of the Chinese Communist Party last month, Xi Jinping delivered what Western analysts are calling an “incendiary speech” in which he called for a military union with Russia that would render NATO “powerless” and “put an end to the imperialist desires of the West.” Continue reading »
The upgraded combat features on board the flagship of the South China Sea fleet impress Western defense analysts, as Beijing threatens to aggressively defend the disputed territories.
China has completed a major weapons upgrade for their Shenzen destroyer, which will return to operations with the People’s Liberation Army Navy’s (PLAN) fleet in the South China Sea amid brewing tensions over the disputed territory, IHS Jane’s Defence Weekly reported. Continue reading »