So far the weakness in $CNY has almost countered a tariff-rate of 10% one to one. If China wants to counter a 25% tariff-rate via FX, USD/CNY needs to go to 7.91 Lets see how the US tariff hearings will …
https://www.youtube.com/watch?v=KMMcaFn-AuI People in China were – for decades – once banned from having more than one child. But now, China’s government proposed to tax anyone under forty who only has one child, or no children at all in a push …
#China's peer-to-peer lending industry, the world’s largest, is shrinking, BBG reports. Savers have been rushing to pull money amid a govt crackdown that's seen some platforms halted & put under police investigation. Outstanding loans dropped 26% in July to 956bn …
via fastcompany: The system assigns Chinese citizens a social credit score based on their social, political, and economic behavior. A bad score affects a Chinese citizen’s ability to travel via train or plane and can even stop a person from getting …
via SCMP There used to be a time when Germany’s Bundesbank ruled the monetary policy roost in Europe, poring over manufacturing orders data for vital interest rate clues. Beijing’s planners should be doing the same thing, as German orders foreshadow …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter China struggles to contain its corporate bond morass. Maybe the US government refused to pay China’s Dagong Global Credit Rating for an AA or AAA rating. And in January 2018, Dagong let the US know how …
via foreignpolicy: It was considered one of the CIA’s worst failures in decades: Over a two-year period starting in late 2010, Chinese authorities systematically dismantled the agency’s network of agents across the country, executing dozens of suspected U.S. spies. But since …
by Michael Snyder Most wars are won well in advance, and Russia and China are both feverishly preparing to win the next major world war between global superpowers. Meanwhile, the U.S. military has been focused on “fighting terrorism” and projecting …
1 in 4 US Companies are leaving China. That’s according to the latest survey by the American Chamber of Commerce in China. Why? Is it pollution, IP theft, corruption, or a slowing economy? Find out why on this episode of …
by stockboardasset China unleashed economic warfare against a bakery-and-coffee chain that served the President of Taiwan coffee during her trip to the United States. Gourmet Master Co Ltd., a Taiwan-based coffee shop mainly involved in the provision of western-style desserts with …
via thenationalsentinel: Penetration: The Obama era was particularly hard on the U.S. military, as the administration and Congress refused to pass real budgets which prevented the services from investing in high-tech systems, including those designed to protect our most vital assets. This was again …
via WSJ: Brian Hook, who has been appointed as special representative and chief of a new Iran Action Group at the State Department, said the U.S. would issue waivers from sanctions to countries that have made efforts to reduce their …
White House economic adviser Larry Kudlow told President Donald Trump and Cabinet members in a White House meeting on Thursday that China’s most recent economic numbers show a southward turn. Trump asked Kudlow in the Cabinet meeting how the U.S. …
Although this is documented, it gets very little coverage in the western press. China is a huge human rights violator and because of the size of their economy, is given a free pass. Play Communist Games, get Communist Results. via biomedcentral: …
via businessinsider: 1. Shorting commodity companies that directly benefit from Chinese demand: BHP Billiton has been thriving on China’s iron ore demand over past few years. Around half of Brazil’s and Australia’s iro ore production have been shipped to China during the …
by stockboardasset China and Russia recently announced a new age of diplomacy between the two countries, at a time when President Trump is targeting both with precision-guided economic warfare. China finds itself reeling under trade disputes with the US, as the …
via TheDaily Reckoning When I say the fix is in for FXI that’s not meant to be mysterious. FXI is the ticker symbol for a U.S. exchange-traded fund (ETF) composed of the largest Chinese stocks. The phrase “the fix is in” …
h/t @StockBoardAsset Chinese sentiment shift: “People across the nation, including the entire bureaucratic elite, feel increasing uncertainty about the direction of the country and a deep sense of personal insecurity. Rising anxiety has spread into a degree of panic.” https://www.bloomberg.com/news/articles/2018-08-07/is-xi-jinping-s-bold-china-power-grab-starting-to-backfire …
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent bank run in China on P2P lenders as countless people hit the streets. Chinese household debt has climbed 40% in the past year alone. To top off …
How much of an impact will this have on all markets and economies? Minimal? Or significant? https://www.youtube.com/watch?v=a01GGa5tXDc Emerging markets are looking weak. When we look at what has happened in Turkey, if we zoom out, we can see the bigger …
via businessinsider: China’s money-printing industry is running at “full steam” for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports. The printing is linked to China’s Belt and Road Initiative, which has seen China build …
More than half of the fish caught in Alaska are destined for processing plants before they are frozen and shipped to China. Then the fish are processed into fish sticks, salmon patties and other products in China, which will be …
The decades-long “Cold War” (1947-1989) between the United States and the Soviet Union was so named because the two global powers never came to direct blows. Yet, the war was not without its victims. In fact, millions of Cubans, Koreans …
*CHINA JULY MOBILE PHONE SHIPMENTS FALL 14% Y/Y:INDUSTRY ACADEMY Apple is toast — Sunchartist (@sunchartist) August 13, 2018 Foxconn reports surprise profit decline BEIJING — Foxconn Technology Group posted a surprise 2.2% decline in second-quarter profit, even after its biggest …
Wall St. For Main St., Released on 8/9/18 During this interesting conversation, Jason and Louis go back and forth discussing what the 5-6 major central banks are doing since they last spoke in March. The Fed has hiked rates, the …
10:19, Fri, Aug 10, 2018 The US Navy P-8A Poseidon jet was flying at 16,500 feet to get a view of low-lying coral reefs that have been turned into garrisons with five-storey buildings, large radar installations, power plants and runways …
by Martin Armstrong COMMENT: Mr. Armstrong; You said that China would eventually send troops to the Middle East and join with Russia in Syria. China just openly told that to the newspapers. Your contacts behind the curtail are quite amazing. BH …
via abc.net.au: It’s been a few weeks since Donald Trump fired the opening salvo in a trade war with China, slapping tariffs on a range of Chinese-made goods. Beijing retaliated with tariffs of its own — and since then, the rhetoric …
China‘s YuanArgentine pesoTurkish LiraIran Rial ….and now Ruble The pain in emerging market currencies pic.twitter.com/GRQFM6v3xk — Russian Market (@runews) August 8, 2018 Emerging Markets: "The spreads of corporate bonds with the worst credit ratings in particular have hardly ever been …
Senator Dianne Feinstein (D-CA), the former chair of the US Senate Intelligence Committee, and her former office manager and Chinese spy Russell Lowe. Russell Lowe was identified on Monday night as a Chinese spy. He was Senator Dianne Feinsein’s office manager. Lowe is a …