Wednesday , 15 August 2018

Asia

Chinese bombers & fighter jets conduct drills in South China Sea & Western Pacific

China has dispatched warplanes to the South China Sea and the Western Pacific for combat readiness drills, the PLA Air Force has announced, just days after the US Navy exercised its ‘freedom of navigation’ in disputed waters. The Chinese Air Force (PLAAF) has moved its H-6K bombers and Su-30 and Su-35 fighters to a number of potential war theaters in …

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S Korean President’s Jailed ‘Shadow Adviser’ Slams Investigators

Earlier on Tuesday, the investigators arrived at a detention center near Seoul to take Choi for questioning. “The special counsel’s team is no longer democratic… They have been forcing me to confess that I colluded with President Park,” Choi said on the way to the investigation team’s office, as quoted by the Yonhap news agency. Lee Kyu-chul, the investigation team’s spokesman, has denied these claims, adding that the probe would continue …

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India Begins Constructing Movable Bunkers on Border With China

The construction of bunkers has been a flashpoint in Sino-India ties. India was embarrassed by Chinese soldiers protesting one such attempt during Xi Jinping’s visit to Delhi in 2015. India is now building ‘movable’ bunkers to get around this issue. New Delhi (Sputnik) — Newly appointed Indian Army chief Gen. Bipin Rawat has expedited the process to build modern bunkers …

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More cash and more trips in Chinese Lunar New Year (video)

As Chinese New Year is getting close, China’s central bank has provided provisional liquidity support for several big commercial banks in order to meet the rising cash demand. The operation will last for 28 days, and interest rates will be generally the same as similar open market liquidity facilities. According to the National Tourism Bureau, the coming Spring Festival is …

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Turkey Grants Arrest Warrants for 243 Military Personnel in Post-Coup Purge

A prosecutor in Istanbul issued arrest warrants Wednesday for 243 military service members suspected of links to a network blamed for last year’s coup attempt, local media reported. Judicial sources told the state-run news agency Anadolu they were accused of using an encrypted phone messaging app to coordinate last July’s failed attempt to depose the Turkish president. The Turkish government …

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THAAD is Becoming a South Korean Election Issue

A deepening partisan divide over the deployment of the controversial U.S. THAAD missile defense system is becoming a key national security issue in South Korea’s emerging presidential race. In the wake of North Korea’s fifth nuclear test, the United States indicated in September it would accelerate the deployment of the Terminal High Altitude Area Defense, known as THAAD, which uses …

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Report: #China gets $1 trillion boost from dodgy data

China may be exaggerating the size of its economy to the tune of $1 trillion by releasing “willfully fraudulent” inflation and GDP [gross domestic product] data, according to a study out this week. Numbers from the world’s second largest economy are treated with skepticism by some economists, but this latest report has attempted to quantify the scale of discrepancy. “There …

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Japan Gets to Know a Quadrillion as Debt Hits New High

The late Senator Everett Dirksen (R-Ill.) is famous for allegedly saying, “A billion here, a billion there, and pretty soon you’re talking real money.”  It might be apocryphal—the Dirksen Congressional Center has found no evidence that the late Illinois Republican ever made the quip—but it certainly resonates as the political parties spar over sequestration and Americans become even more accustomed to thinking …

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