China “hopes that all relevant sides exercise restraint, and avoid doing anything to worsen the tense situation on the peninsula”, Xi told Trump. As Reuters notes, China is increasingly worried the situation could spin out of control, leading to war and a chaotic collapse of its isolated, impoverished neighbor.
The first large Chinese passenger jet, the C919, has passed a crucial test and is expected to make its first flight in May. The plane is part of China’s ambitious plan to become one of the world’s biggest aircraft manufacturers.
High-speed taxiing tests at speeds of 230 – 260 kilometers per hour were carried out at Pudong International Airport when the pilots lifted the nose of the jet into the air and slammed on the brakes. They had to show the aircraft can stop safely on the runway in case of emergency. Continue reading »
The US has seen evidence that the Chinese military is preparing “for a potential North Korea contingency“, CNN reports citing a US defense official, and adds that Chinese air force land-attack, cruise-missile-capable bombers were put “on high alert” on Wednesday.
“If we can’t even trust a big national bank, what other financial institutions can we trust?” Liu Min, who bought 12 million yuan worth of WMPs from Minsheng Bank, said as he learned that his money was gone.
Donald Trump’s daughter sparks ethics concerns after gaining approval in country where US business feels increasingly unwelcome
As Donald Trump and Chinese president Xi Jinping dined on Dover sole and New York strip steak earlier this month, thousands of miles away in China a government office quietly approved trademarks that could benefit the US president’s family.
On the day the president’s daughter Ivanka Trump met the Chinese leader, China granted preliminary approval for three new trademarks for her namesake brand, covering jewellery, bags and spa service, according to official documents.
…no one of these stories is a silver bullet, but they’re all related and point in the same direction: China and Russia are preparing for the split with US-dominated financial architecture.
James Corbett | April 16, 2017
It may have arrived with little fanfare, but Russia’s SWIFT alternative has, more or less, arrived. Speaking in no uncertain terms at a meeting with Russian President Vladimir Putin late last month, Elvira Nabiullina, the Governor of Russia’s central bank, stated: “We have finished working on our own payment system, and if something happens, all operations in SWIFT format will work inside the country. We have created an alternative.”
Now this news will be old news to intrepid Corbett Reporteers. My long-term audience will no doubt recall the September 21, 2014 episode of New World Next Week where James Evan Pilato and I covered the Russia/China talks to create both a SWIFT alternative and an independent ratings agency. You’ll also of course recall my March 11, 2015 editorial in these very pages where I discussed then-recent reports that China was ready to go live with its own SWIFT alternative, the Cross-Border Inter-Bank Payments System. For those not following along at home, that system did indeed go live in October of that year, but in a “watered down” form that only accounts for cross-border yuan trade deals, not capital-related transactions. Continue reading »
Notice how Ernst & Young are right in the middle of the Chinese Aluminium fiddle. Nothing changes! I recall when in business I had cause to appoint a subsidiary of one of the big four to audit our company, and was astounded at the speed and randomness of their work…being an experienced auditor I could drive a bus through their report. So it’s no wonder we just cannot take the financial results seriously.
It’s not a story that’s likely to appear on the evening news, but it certainly should.
Deutsche Bank has announced that it will create more shares, selling them at a 35% discount. Existing shareholders have not been pleased and, in the first four days since the offer was announced, the value of existing shares dropped by 13% as shareholders began dumping them. Continue reading »
Both China (“The situation now is similar to the time before a storm, and this kind of dangerous situation worth of our attention and we must be alert,”) and Russia (watching the developments around North Korea with “great concern”) have weighed in on the increasingly tense saber-rattling occurring between the two nations.
As Bloomberg reports, China warned that a war on the Korean Peninsula would have devastating consequences and “one has the feeling that a war could break out at any moment.”Continue reading »
China’s national airline, Air China, has suspended flights from Beijing to the North Korean capital, Pyongyang, starting on on Friday, Chinese state broadcaster CCTV said. The suspension comes as North Korea’s army vowed a “merciless” response to any US provocation.
The US is looking forward to working with China to solve the North Korean nuclear threat. But while Washington is mustering its forces in the Korean peninsula, Beijing insists on finding a peaceful solution to Pyongyang’s “denuclearization.”
Less than a week after US President Donald Trump met with his Chinese counterpart Xi Jinping, the two leaders once again engaged on Wednesday, where among other things they discussed the North Korean threat.
“President Xi wants to do the right thing. We had a very good bonding, I think we had a very good chemistry together, I think he wants to help us with North Korea,” Trump said after the meeting with NATO’s chief in Washington
After warnings yesterday, and on the heels of a “very good call” with President Trump, China has escalated its threats to North Korea over its nuclear tests. In another Global Times op-ed, China warns “if the North makes another provocative move this month, the Chinese society will be willing to adopt severe restrictive measures that have never been seen before…”
Yesterday’s editorial in the military-focused Global Times tabloid, owned and operated by the Communist Party’s People’s Daily newspaper, said that North Korea’s nuclear activities must not jeopardize northeastern China, and that if the North impacts China with its illicit nuclear tests through either “nuclear leakage or pollution”, then China will respond with force. Continue reading »
A viral video showing an army of robots – which work 24/7, cut worker costs by half and are 30% more efficient – sorting packages in a warehouse in eastern China is the latest example of how machines are increasingly taking over menial factory work in China.
The machines are cheaper than human workers and are also more efficient and accurate in sorting out parcels, spokesman says
A viral video showing an army of little orange robots sorting out packages in a warehouse in eastern China is the latest example of how machines are increasingly taking over menial factory work on the mainland.
The behind-the-scenes footage of the self-charging robot army in a sorting centre of Chinese delivery powerhouse Shentong (STO) Express was shared on People’s Daily’s social media accounts on Sunday.
With everyone putting down new and/or revised “red lines“, be it on Syria or North Korea, it was now China’s turn to reveal its “red” or rather “bottom line”, and in a harshly worded editorial titled “The United States Must Not Choose a Wrong Direction to Break the DPRK Nuclear Deadlock on Wednesday” Beijing warned it would attack North Korea’s facilities producing nuclear bombs, effectively engaging in an act of war, if North Korea crosses China’s “bottom line.”
The editorial in the military-focused Global Times tabloid, owned and operated by the Communist Party’s People’s Daily newspaper, said that North Korea’s nuclear activities must not jeopardize northeastern China, and that if the North impacts China with its illicit nuclear tests through either “nuclear leakage or pollution”, then China will respond with force. Continue reading »
“If you are looking for a world crisis which could bring about the dangers of a clash between great powers then North Korea is a bigger concern than Syria. I think what the Chinese are beginning to understand is that if this can’t be solved peaceably through negotiations, through pressure, then there is serious risk that the US will have only one option left, which is the military option.”
– Former MI6 chief, Sir John Sawers
Nevertheless, we must always remember that North Korea has been asking for an end to hostilities since 1951, but the USA refused….because it was always a convenient source for conflict, as and when ‘necessary’ in the eyes of the Rothschilds.”
Philippine President Rodrigo Duterte has ordered the Philippines military to occupy and fortify islands in the South China Sea, which the Southeast Asian republic lays claim to, in order to make a “strong point” amid its territorial dispute with China.
“It looks like everyone is making a grab for the islands there. So we better live on those that are still unoccupied. What’s ours now, we claim it and make a strong point from there,” Duterte told journalists at a press briefing that followed his visit to a military base located in the Philippine western Palawan province, Reuters reports. Continue reading »
“Well if China is not going to solve North Korea, we will. That is all I am telling you. China has great influence over North Korea. And China will either decide to help us with North Korea, or they won’t.” Trump told the FT. “If they do, that will be very good for China, and if they don’t, it won’t be good for anyone.”
WikiLeaks’ latest Vault 7 release contains a batch of documents, named ‘Marble’, which detail CIA hacking tactics and how they can misdirect forensic investigators from attributing viruses, trojans and hacking attacks to their agency by inserted code fragments in foreign languages. The tool was in use as recently as 2016. Per the WikiLeaks release:
“The source code shows that Marble has test examples not just in English but also in Chinese, Russian, Korean, Arabic and Farsi. This would permit a forensic attribution double game, for example by pretending that the spoken language of the malware creator was not American English, but Chinese, but then showing attempts to conceal the use of Chinese, drawing forensic investigators even more strongly to the wrong conclusion, — but there are other possibilities, such as hiding fake error messages.”
The tension over the disputed territory in the South China Sea is about to escalate to another level: according to a Reuters report, Japan is preparing to to dispatch its largest warship on a three-month tour through the South China Sea beginning in May, in “its biggest show of naval force in the region since World War Two.”