Manufacturers Russia’s United Aircraft Corporation and Commercial Aircraft Corporation of China (COMAC) have announced the start of the search for suppliers. They didn’t provide any details on financing or technical specification. Continue reading »
It’s that time of year when over million Chinese citizens line up to take The Guokao, China’s national civil service exam, which took place on Sunday, November 27. This year, the competition reached a record of 1.48 million people competing for some of the most coveted jobs in China. For some positions, there is only 1 place available for 10,000 participants. Continue reading »
H/t reader squodgy:
“Worldwide shipping is in dire straits.
We have seen the BDI (the index of future shipping capacity bookings) trundling along at the lowest level for over three years now.
and Nautilus (http://www.marinelink.com/news/bankruptcy-container371718)
have filed for bankruptcy as global trade grinds to a halt.
A.P. Moller, the biggest Container Ship Company in the world with all those blue MAERSK LINE ships we see everywhere, have been investing in 18000TEU giant ships of late.
One would really think they more than anyone would see the slump coming.
But quite obviously they are lacking in responsible management. But no.
So it shouldn’t come as a shock to read this….
“Worse than the one following the Global Financial Crisis.”
New orders received by Chinese shipyards – now infamous for undercutting competitors and sinking into bankruptcy – have plunged 58.5% so far this year through October, compared to last year, according to shipping industry data provider BIMCO, cited by the Nikkei. At South Korean shipyards, which include the three largest in the world, orders have plunged 84.2%; at Japanese shipyards, 90%.
They all focused on large dry-bulk vessels, tankers, and containerships. But this year, orders for tankers globally plunged 80% and for container ships 84%. Continue reading »
H/t reader squodgy:
“Why not use it as a shore based missile?”
CHINA has test fired a hypersonic missile capable of hitting target 300 miles away in the air, it has been claimed.
One the country’s J-16 strike fighters fired the giant missile earlier this month.
Experts at Popular Science magazine analysed pictures of the event an estimated the missile measured 19 feet long and was 13 inches wide.
One of the experts, Jeffrey Lin, said the launch of the missile was a “big deal”.
He said: “This missile would easily outrange any American – or other NATO – air-to-air missile.” Continue reading »
Fifty hours of blizzards paralyze traffic and halt flights in Altay prefecture in NW China’s Xinjiang.
16 Nov 2016 – In mountainous areas, 43 inches of snow has been reported, setting a new record for November.
Local authority launched a level-four emergency response after the city’s snowstorm continued past 50 hours. (Xinhua/Ye Erjiang) Continue reading »
President Obama made a foolish decision to not welcome China in the formation of the Trans-Pacific Partnership (TPP).
It was ludicrous for Obama to leave China out of things. China is the second biggest economy in the world, third if you treat the EU as a block.
Had China been in the deal all along, we may not have seen the ludicrous provision that allowed companies to sue governments. That provision was one of the key reasons the deal failed.
With the election of Trump, TPP is officially dead. China, not the US, will be at the center of a new Asian trade pact.
TPP Dead, China Strives to Fill Void
On November 10, in the wake of Trump’s election, Beijing sought to fill the void left by TPP by reviving its proposed Free Trade Area of the Asia-Pacific pact. Continue reading »
This article was written by Kurt Nimmo and originally published at his Another Day in the Empire site.
Editor’s Comment: At this point, Americans should be getting awfully tired of the false promises and empty dreams that are continually sold, and which so regularly ring hollow. Despite a campaign based around opposing the establishment, normalizing relations with Russia and pulling back from the failing empire, Donald Trump’s rumored pick for Secretary of State – John Bolton, who served as U.S. Ambassador to the U.N. under George W. Bush – is advocating for a neocon platform of expanding war, and taking on the major powers.
If put into action, this disastrous policy would lead to only one thing: world war. Trump must be persuaded to cut ties with this crowd and fulfill the promise of draining the swamp, but it remains to be seen if this will possible.
John Bolton: Trump Needs to Confront Russia, China, Iran, North Korea, and Embrace Forever War
by Kurt Nimmo
Because Donald Trump has zero foreign policy chops, he will delegate that job to his new secretary of state. With every passing day, it appears the person to fill that job will be John Bolton, a diehard neocon.
— John Bolton (@AmbJohnBolton) November 10, 2016
On Saturday Bolton spelled out what he considers to be the foreign policy priorities of the new administration. Continue reading »
With the polar vortex centered directly over Asia 2016-2017 winter, snow and cold records are already being set. Snowbrains calling for record snow in Japan due to La Nina and record cold across central Asia and China. I myself am calling snow in downtown Taipei 2017 winter.
A mock-up of a wide-body passenger aircraft jointly being developed by Moscow and Beijing has been presented at Airshow China. The new plane is expected to challenge the Airbus-Boeing duopoly.
Malaysia — In yet another blow to American imperialism in Asia-Pacific, it was reported Friday that the Southeast Asian country of Malaysia is set to purchase security patrol vessels from China in a first of its kind deal.
“Malaysia will sign a contract to purchase Littoral mission ships from China when Prime Minister Najib Razak visits Beijing next week,”Reuters writes. “The purchase of the patrol vessels, if it proceeds, would be Malaysia’s first significant defense deal with China and comes amid rising tensions in the South China Sea as the United States and China compete for influence in the region.”
The only question about whether or not the sale will go through links back to the manner in which the information was revealed. Continue reading »
Yesterday, when Philippine president Duterte finally took the plunge to announce his “separation” from the US (even if his government has backtracked somewhat today), he said that not only would he “realign” himself in China’s ideological flow but, in a nuance that was missed by many, said that “I will also go to Russia to talk to (President Vladimir) Putin and tell him that there are three of us against the world – China, Philippines and Russia. It’s the only way.”
To be sure, an offical axis between China, Russia and a nation that until recently was a core US ally in the Pacific Rim – whose loss would be a huge slap in the face of Obama and whoever replaced him as president – would be music to Putin’s ears, which is why just minutes after Philippine president announced his stunning separation from the US, Russia’s ambassador to the country promptly said Moscow is ready to provide assistance to and fully cooperate with Manila. Continue reading »
In one of the most shocking US foreign policy failures, and there have been many in the past 8 years, a long-time ally of the US, the Philippines, announced yesterday that it was seeking “separation” from the US and was looking for an alliance with Putin. As we reported yesterday, outspoken president Duterte, during his visit to Beijing for which Xi, announced his “separation” from the United States, declaring he had realigned with China as the two agreed to resolve their South China Sea dispute through talks.
“In this venue, your honours, in this venue, I announce my separation from the United States,” Duterte told Chinese and Philippine business people, to applause, at a forum in the Great Hall of the People attended by Chinese Vice Premier Zhang Gaoli. “Both in military, not maybe social, but economics also. America has lost.”
“I’ve realigned myself in your ideological flow and maybe I will also go to Russia to talk to (President Vladimir) Putin and tell him that there are three of us against the world – China, Philippines and Russia. It’s the only way,” Duterte told his Beijing audience. Continue reading »
PHILIPPINE President Rodrigo Duterte has announced his “separation” from the United States, declaring he has realigned with China as the two agreed to resolve their South China Sea dispute through talks.
Mr Duterte made his comments on Thursday in Beijing, where he is visiting with at least 200 business people to pave the way for what he calls a new commercial alliance as relations with longtime ally Washington deteriorate.
“In this venue, your honours, in this venue, I announce my separation from the United States,” Mr Duterte told Chinese and Philippine business people, to applause, at a forum in the Great Hall of the People attended by Chinese Vice Premier Zhang Gaoli. “Both in military, not maybe social, but economics also. America has lost.” Continue reading »
If you think American corporations are corrupt and only “in it for the money,” then you’ll really be shocked by the actions of certain corporations in China. Most of ours have nothing on Chinese corporations, where corruption is not simply the name of the game but an accepted form of doing business.
Normally that might not matter much, but when it comes to Chinese chicanery involving potentially dangerous medications, we now have a reason to worry.
The Associated Press is reporting that Chinese pharmaceutical vendors have no qualms at all about selling one of the strongest opioids in circulation – one that is so deadly that an amount smaller than a poppy seed can kill a human being.
Continue reading »
One month ago, when we last looked at the Fed’s update of Treasuries held in custody, we noted something troubling: the number dropped sharply, declining by over $27.5 billion in one week, the biggest weekly drop since January 2015, pushing the total amount of custodial paper to $2.83 trillion, the lowest since 2012. One month later, we refresh this chart and find that in the latest weekly update, foreign central banks continued their relentless liquidation of US paper held in the Fed’s custody account, which tumbled by another $22.3 billion in the past week, pushing the total amount of custodial paper to $2.805 trillion, another fresh post-2012 low.
Then today, in addition to the Fed’s custody data, we also got the latest monthly Treasury International Capital data, which showed that the troubling trend presented last one month ago, has accelerated. Recall that a month ago, we reported that in the latest 12 months we have observed a not so stealthy, in fact quite massive $343 billion in Treasury selling by foreign central banks in the period July 2015- July 2016, something truly unprecedented in size and scope. Continue reading »
“From a growth rate perspective, the speed of credit expansion is alarming. The current pace of credit growth in China is realistically in a range between 19% and 20%, well above the reported official TSF growth of 12.4% and new loan growth of 13.0% in September. Relative to GDP, China’s credit-to-GDP ratio currently in a range from 260% to 275% of GDP as of September 2016″ – Barclays
Beijing — Having signaled for weeks his intent to wrest control of his country’s future away from the West, Philippine President Rodrigo Duterte officially pivoted toward China this week, saying it’s “only China that can help us” in the effort to make the Philippines a regional player.
President Duterte, at the invitation of Chinese President Xi Jinping, began a four-day visit to China on Tuesday. As Anti-Media reported last week, over 200 Filipino business leaders are accompanying him on his trip, all “eager to talk with Chinese business leaders and government officials about deals in a range of sectors.”
A Chinese Long March rocket boosted two astronauts, or “taikonauts,” into orbit Sunday evening for a planned month-long stay aboard the Tiangong-2 — “Heavenly Palace” — space station module, China’s sixth and longest piloted space flight to date.
H/t reader kevin a.