Thursday , 22 August 2019

Tag Archives: China

China to deploy new class of strategic missile submarines next year

Washington, July 24 (ANI): The Chinese Navy is expected to begin the first sea patrols of a new class of strategic missile submarines next year. The development highlights a new and growing missile threat to the U.S. homeland, U.S. defense officials have said. According to the Washington Times, one official familiar with recent intelligence assessments of the Chinese strategic submarine …

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#OpenStack Grows Up And #China Notices

When OpenStack uncorks the champagne for its anniversary on Wednesday at OSCON (the Open Source Conference) in Portland, Ore., it doesn’t need to cite surviving three tumultuous years or the number of lines of code produced. It will have more qualitative gains to celebrate. OpenStack is the de facto leader in open source code for the enterprise cloud. It’s moved …

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China reportedly planning to back the #yuan with #gold

According to media reports of early July, the People’s Bank of China is mulling the possibility of phasing out the dollar as the reference currency for the yuan exchange rate, and to start using gold as the reference point. The reports have not been confirmed officially, but analysts are warning that the step, if taken, will weaken the yuan and …

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Huawei spies for China, says ex-CIA chief

The former head of the United States’ Central Intelligence Agency Michael Hayden said Friday it “goes without saying” that Chinese telecoms giant Huawei spies for Beijing, AFPreports. Speaking to the Australian Financial Review, Hayden claimed China was engaged in unrestricted espionage against the West and said it was his belief that Huawei would have shared information with state agencies. Asked whether …

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China Freeing Lending Rates Puts Focus on Saver Returns

The biggest step yet by China’s new leaders to move the nation’s financial system toward market-set lending rates heightens focus on what the central bank says is an even tougher reform: lifting restrictions on savers’ returns. The People’s Bank of China ended a floor on borrowing costs previously set at 30 percent below the benchmark, it said July 19. The limit on mortgage …

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#China Alleges #GlaxoSmithKline Funneled #Bribes Through Travel Agencies

As part of a broader crackdown into bribery and corruption, Chinese police accused British drug giant GlaxoSmithKline (GSK) on Monday of bribing officials and doctors by shuffling money through travel agencies. The drug maker said Monday that it was “deeply concerned and disappointed” by the “serious allegations of fraudulent behavior and ethical misconduct” and has put an “immediate stop” on …

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China Can Endure Growth Slowdown to 6.5%, Finance Chief Says

Chinese Finance Minister Lou Jiwei signaled the world’s second-biggest economy may expand less than the government’s target this year and that growth as low as 6.5 percent may be tolerable in the future. While the government in March set a 2013 growth goal of 7.5 percent, Lou said he’s confident 7 percent can be achieved this year. He spoke yesterday at the U.S.-China Strategic and …

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#PLA building new #carrier base in Hainan

A new carrier base is being built by the PLA Navy in Hainan province with the ability to harbor four aircraft carriers, according to Kanwa Defense Review operated by Andrei Chang in Canada. A bridge 600 meters long and 120 meters wide has been spotted by satellite with similar capacity to harbor two aircraft carriers according to the satellite images. This bridge is as …

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