Monday , 2 December 2019

Tag Archives: China

U.S. prods China on cyber-theft

U.S. officials prodded China to crack down on cyber-espionage directed at American corporations, opening high-level talks Wednesday with a sensitive jab on an issue that has become a core concern of American companies. Both Vice President Biden and Treasury Secretary Jack Lew raised the matter in comments opening the two-day Strategic and Economic Dialogue, an annual session held between top …

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Strong #Yuan Can’t Be Justified

Chinese trade data unexpectedly fell in June. This has raised some concerns about the strength of the Chinese yuan. “One key policy take-away from this trade report is probably that the strength of the yuan can hardly be justified,” wrote Societe Generale’s Wei Yao in a note to clients. The yuan has already had a strong climb in trade-weighted terms. …

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China Radio: “U.S. And Europe Have Always Suppressed The Rising Price Of Gold”

Sometimes, such as after pervasive liquidations in precious metals (or is that AAPL? Has it become clear yet that with widespread “quality” collateral shortages, gold and AAPL stock have become unexpected and almost interchangeable collateral replacements) it is easy to lose sight of the forest for the trees. A forest, in which the New York Fed is procuring (through the …

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Japan: Risk of incident from ‘coercive’ acts by China

TOKYO – China’s “coercive” behaviour in waters around islands at the centre of a bitter dispute with Japan are dangerous and could trigger an incident, Tokyo said in a new defence paper Tuesday. Hawkish Prime Minister Shinzo Abe and his ministers adopted the annual defence white paper at a cabinet meeting, which warned of the risks as the two Asian …

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China’s New Jet, Radar Complicate US Posture

TAIPEI — China’s increasing military musculature continues to crush the margins of how far the US military can conduct operations near the mainland, experts say. Through the purchase of Russian-made equipment, China is attempting to break beyond the current air defense range of 250 kilometers in what US experts refer to as China’s anti-access/area-denial strategy. China plans to procure two new …

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RMB under pressure (video)

While other emerging market currencies have fallen, the RMB has risen and that’s in spite of a run of bad news from the financial sector in mainland China. The FT’s Josh Noble talks to Sacha Tihanyi, Senior Currency Strategist at Scotiabank, about both revaluing and rethinking attitudes towards the renminbi.   Financial Times

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China ex-rail minister gets suspended death sentence for graft

(Reuters) – China handed down a suspended death sentence on a former railways minister for corruption on Monday, state media said, a case seen as a test of President Xi Jinping’s resolve to crack down on pervasive graft. Liu Zhijun was given the “death penalty with a two-year reprieve,” for bribery and abuse of power, the official Xinhua news agency said, a …

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Pakistan, China Set Sights on Arabian Sea Link

China and Pakistan set their sights Friday on developing a transport link through rugged mountains and lawless lands, a route they hope will boost economic growth and bring critical oil supplies to power-hungry China much faster. A broad agreement for the “economic corridor” was among eight pacts signed following a meeting in Beijing between Chinese Premier Li Keqiang and Pakistani …

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Russia and China continue building their gold reserves

Western economic commentary on China and Russia is usually colored by monetarist assumptions not necessarily shared in Moscow and Beijing. For this reason, Russian and Chinese fiscal and monetary policies are misunderstood in financial markets, as well as the reasons their governments buy gold. China has been notably relaxed about her own people acquiring gold, and the government itself appears to be …

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China to join Russia for largest naval drills with foreign partner

China will join Russia later this week for its largest-ever naval drills with a foreign partner, underlining deepening ties between the former cold war rivals along with Beijing’s desire for closer links with regional militaries. China has long been a key customer for Russian military hardware, but only in the last decade have their militaries begun taking part in joint …

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