A powerful explosion rocked a Chinese automotive parts factory, as authorities vow to toughen regulations on dangerous chemicals after a similar tragedy killed dozens at a pesticide plant in the same province. Footage from the scene shows the building engulfed …
The Dragon in the Game Room. By Adam H. Williams, Senior Associate at E911-LBS, LBSglobe.com, for WOLF STREET: The opening of mainland China’s video game market to the world, combined with the rapid adoption of smartphones in China, has helped drive the extraordinary …
by Marin Katusa In 2015, a 16-year-old student from Jiangsu, China, tried to board a train. She couldn’t even purchase a ticket. The student, Zhong Pei, tried enrolling in classes at her university. But she was not allowed to do that …
The year is 1925, and Shanghai is in flux. Communists, Nationalists, and Triad gangsters are all fighting for control of this vice-laden city, and one “preeminent bon vivant,” Victor Sassoon, is fighting to keep evil at bay. Almost a century …
Forbes published a report titled “Will We Get To The Bottom Of The Truth On Forced Organ Removal In China?” The Forbes article began by mentioning the UN International Day for the Right to the Truth Concerning Gross Human Rights …
By Irina Slav China is taking advantage of steep discounts for Iranian and Venezuelan crude to increase its imports from the two countries sanctioned by the United States, Bloomberg reports, adding that prices for Iranian and Venezuelan oil are at their …
BY JOHN RUBINO As this longest-ever expansion finally runs out of steam, the question on everyone’s mind is, “who will save us this time?” The last big crisis was “fixed” by a combination of lower interest rates globally and massive buying of …
Italy has signalled its determination to play a central role in China’s grand plan to build a Silk Road-styled global trade network, despite rattling its EU and US allies with its plan. The country’s populist government is poised to endorse …
by Kurt Schlichter Nations famously tend to always try to fight the last war, and what America is preparing to do today with the newly assertive China is no exception. The problem is our last war was against primitive religious fanatics …
Excerpts: By the end of this year, a cumulative 270,000 barrels a day of diesel demand will have been displaced by electric buses, most of it in China, according to a report published 19 March by BloombergNEF. That’s more than …
via mishtalk: The UK, Germany, India, and the United Arab Emirates are among the countries resisting US pressure to Ban Huawei. The New York Times reports U.S. Campaign to Ban Huawei Overseas Stumbles as Allies Resist. Over the past several months, American …
via marketwatch: U.S. stocks continue to rally in the face of steadily falling earnings estimates, leading some market commentators to draw comparisons to 2016, when equity markets rose amid a corporate earnings recession. That year, the S&P 500 index SPX, +0.37% rose 9.5% after an …
via @CantillonCH: China’s Banks Have a Hidden Wave of Bad Debt Factor in the amount of soured loans they stripped from their balance sheets last year, and the situation looks a lot more troubling. China’s banks may have a flood of …
Recycling, for decades an almost reflexive effort by American households and businesses to reduce waste and help the environment, is collapsing in many parts of the country. Philadelphia is now burning about half of its 1.5 million residents’ recycling material …
via Zerohedge: When it comes to China, the past decade revealed two things beyond a shadow of a doubt: i) all of the country’s economic data is utterly meaningless as it is entirely fabricated (in this measure it is not …
via scmp: China and the United States have made “concrete progress” on the text of their trade agreement, Chinese state media reported on Friday. Xinhua reported that Chinese Vice-Premier Liu He held a telephone conversation with US Trade Representative Robert Lighthizer …
equity vol and cdx na ig starting to turn up pic.twitter.com/VsblsGDhaT — Alastair (@StockBoardAsset) March 14, 2019 There has been no pickup in China's credit creation YoY. This leads the economic data by 9-12 months. $FXI pic.twitter.com/RgBAQQgTb2 — Teddy Vallee …
via nationalinterest: New research suggests that China’s economy is only half the size of America’s—and growing much more slowly than officially reported. hina’s economy isn’t what it used to be (at least as recently as last week). Four intrepid economists—Wei Chen, …
China and the U.S. are looking to push an earlier scheduled meeting between President Donald Trump and President Xi Jinping to at least April, Bloomberg reported citing unnamed sources. Trump said on Wednesday he was in no rush to complete a trade …
China’s $32 trillion problem. No worries, right? China’s unbelievably massive hidden debt is something that can’t be papered over. This can’t be swept under the rug. The problem is only getting worse and of course, there’s nothing stopping this as …
by Geoffrey Grider A new front has opened in the battle between the U.S. and China over control of global networks that deliver the internet. This one is beneath the ocean. The Internet, made available for mass public consumption in …
by Grif Laura Widener, writing for American Military News, outlined a chilling prediction from the RAND research organization that the United States would not survive in an all out war with Russia and China. Widener writes: The U.S. repeatedly “gets …
by WARREN MOSLER Trumped up expectations largely reversed: Highlights At 101.7, the small business optimism index fell short of expectations in February, recovering only 5 tenths of January’s 3.2 point dip. Econoday’s consensus was looking for 102.5 with the low …
via dailyreckoning: We’ve written numerous times about the likelihood of a Chinese credit crisis, and the risks of contagion from such a crisis in China and the global economy. Despite long-standing concerns, this issue simply won’t go away. China has …
https://www.youtube.com/watch?v=De9oJthKloI Russia has fired back at President Trump’s plans for a “Space Force,” accusing him of laying the groundwork for the militarization of space and that any moves toward the said will result in a proportionate response. RT America’s Rachel …
Do you believe that China’s economic data is fake? Also, do all countries do the same thing? The economic data we receive from every country is most likely fake. Or at least padded and puffed up to make it …
from Zero Hedge As markets sink further into the red during what will likely become their worst week of the year, more skeptical reports about the likelihood of a deal have emerged. On the heels of a report that a tentative summit …
by WARREN MOSLER It will take another few months to know if this is just ‘noise’ or it’s about to go negative. If you average the last two months, for example, it’s about 165,000 each: Highlights Averaging extremes is good …
By Harry Dent China’s been playing hardball with the U.S. over trade talks. There’s good reason: they’re gunning for the title of Top Global Economic Power, above the U.S. and other players. They’re embracing the short-term pain to win …
by GoldCore China increased its gold reserves for a third straight month in February, data from the People’s Bank of China (PBOC) showed this morning. The value of China’s gold reserves rose slightly to $79.498 billion in February from $79.319 …