china

China mobilizing troops, jets near N. Korean border, US officials say

"China has placed military forces on heightened alert in the northeastern part of the country as tensions mount on the Korean peninsula following recent threats by Pyongyang to attack, U.S. officials said. Reports reveal the Chinese People's Liberation Army (PLA) recently increased its military posture in response to the heightened tensions, specifically North Korea's declaration of a 'state of war' and threats to conduct missile attacks against the United States and South Korea. According to the officials, the PLA has stepped up military mobilization in the border region with North Korea since mid-March, including troop movements and warplane activity." Continue reading →

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Caterpillar Punked By Chinese Fraud, To Write Off Half Of Q4 Earnings

"Fraudulent Chinese corporations are nothing new - we have been warning about them since late 2010. One company, however, which apparently was completely unaware of the now pervasive and proven for the past two years Chinese corporate fraud, is US industrial titan Caterpillar. This was made clear when, after hours on Friday night naturally, the company revealed that it had been misled by 'deliberate, multi-year, coordinated accounting misconduct' at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal." Continue reading →

Continue ReadingCaterpillar Punked By Chinese Fraud, To Write Off Half Of Q4 Earnings

The dangerous drift towards world war in Asia

"A former adviser to the People's Liberation Army (PLA) says a rising cadre of officers has slipped the leash and picked up attitudes all too like the Japan's firebrand officers in the 1930s, when they defied orders from Tokyo. He said these young bloods are on a 'collision course' with the US-dominated global system. As `black swans' go, an outright war between the two great powers of Asia would surely be dramatic, and it could not easily be contained since America is bound by treaties to defend Japan if it is attacked. This includes an attack on the Senkaku islands. One shudders to think what would happen if China and the US itself came to blows in any form." Continue reading →

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Whom to Believe on Gold: Central Banks or Bloomberg?

"Based on current data, the net increase in central bank gold buying for 2012 was 14.8 million troy ounces – and that's before the final 2012 figures are in for all countries. This is a dramatic increase, one bigger than most investors probably realize. To put it in perspective, on a net basis, central banks added more to their reserves last year than since 1964. The net increase – so far – is 17% greater than what was added in 2011, which was itself a year of record buying. Whatever gold's price movements, positive or negative, central bank officials have continued adding a lot of ounces to their reserves." Continue reading →

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BRICS Nations Plan New Bank to Bypass World Bank, IMF

"The biggest emerging markets are uniting to tackle under-development and currency volatility with plans to set up institutions that encroach on the roles of the World Bank and International Monetary Fund. The leaders of the so-called BRICS nations -- Brazil, Russia,India, China and South Africa -- are set to approve the establishment of a new development bank during an annual summit that began today in the eastern South African city of Durban, officials from all five nations say. They will also discuss pooling foreign-currency reserves to ward off balance of payments or currency crises." Continue reading →

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Chinese fish vendor finds live bomb inside squid’s stomach

"For one fish vendor in the Guangdong province of China, the catch of the day came with an explosive surprise, as he found a live bomb inside a squid he was preparing for a customer. The Daily Mail reported that Huang found the eight-inch bomb while gutting the squid, then called police. Authorities detonated the bomb with a controlled explosion away from the market and speculated that it might have been dropped from a fighter jet, but did not say how old it was, or where it originated." Continue reading →

Continue ReadingChinese fish vendor finds live bomb inside squid’s stomach

Chinese fish vendor finds live bomb inside squid’s stomach

"For one fish vendor in the Guangdong province of China, the catch of the day came with an explosive surprise, as he found a live bomb inside a squid he was preparing for a customer. The Daily Mail reported that Huang found the eight-inch bomb while gutting the squid, then called police. Authorities detonated the bomb with a controlled explosion away from the market and speculated that it might have been dropped from a fighter jet, but did not say how old it was, or where it originated." Continue reading →

Continue ReadingChinese fish vendor finds live bomb inside squid’s stomach

Gerald Celente: The Financial System Is Collapsing Before Our Eyes

"All Cyprus is, it’s (similar to) a division of the Grand Cayman Island, it’s just a different group of people washing and money laundering. But this is about much more than Cyprus, bank runs, and stealing money from the depositors. What we are looking at, Eric, on another level is an alliance, an alliance leading to wars. Look, they just appointed a new President in China, Xi. Where is the first place he went to visit? Moscow. Putin. Then there is Iran. So you can see the alliances already forming: It’s China, Russia, and Iran, against the United States, the Arab League, and Nato. And then you look at where the United States is now moving its military - Asia." Continue reading →

Continue ReadingGerald Celente: The Financial System Is Collapsing Before Our Eyes

Chinese solar panel company defaults on $541 million worth of bonds

"One of the world’s top two solar cell and panel producers, targeted last year by US trade sanctions, Suntech said it had already entered an agreement with 60 percent of the bond holders to hold off legal claims while a debt restructuring can be negotiated. The European Union began an anti-dumping investigation into Chinese solar panels in September last year, followed by an anti-subsidy probe in November. The United States last October confirmed hefty anti-dumping and anti-subsidy duties on Chinese solar cell makers, adding to trade tensions between the two economic powers." Continue reading →

Continue ReadingChinese solar panel company defaults on $541 million worth of bonds

Shanghai Introduction

"Shanghai is the world's largest city, when considering population size living within city limits -- not counting suburbs. With 18 million people, it if filled with action and ideal people-watching conditions, with its densely-packed population. Shanghai is one of the world's most modern cities, which might surprise those who think that China is not yet a developed nation. Glistening new skyscrapers make this the largest collection of tall buildings on Earth. It is a great place to discover on foot." Continue reading →

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