Tag Archives: China

 It's on. China will soon be able to trade oil using its own currency by creating a futures market to rival the international benchmark contracts which are traded exclusively in dollars.  The China Securities Regulatory Commission confirmed its plans to begin the trade of yuan-based oil futures on the Shanghai Futures Exchange from March 26 on Friday.  China is now the world’s largest crude importer which is understood to be a large part of its drive to establish a benchmark which reflects...

China is set to name Liu He, a Harvard-trained economist who advises President Xi Jinping, as a vice premier overseeing the economy and financial sector, five sources familiar with the development said. Reuters Exclusive: China to name Harvard-trained Liu He as vice premier overseeing economy - sourcesKevin Yao, Benjamin Kang Lim

Global appetite for large-cap Chinese stocks was dampened by fears of a Chinese financial crisis. Now that China has shown that it can de-lever the financial system and maintain strong growth at the same time, investors are scrambling to add Chinese stocks to portfolios before the MSCI indices expand to include China later this year. With the HSCEI up 17.2% year to date, any global portfolio that did not include China would have underperformed.... Asia TimesH-shares soar as global investors...

Full speech.World Economic Forum3 critical battles China is preparing to fightLiu He | Member, Political Bureau of CPC Central Committee; General Office Director, Central Leading Group for Financial and Economic Affairs Also In Davos, Alibaba founder and Executive Chairman Jack Ma spoke openly and at length about some of the key challenges facing the world, delivering a stream of perspectives and guidance. "To gain success a person will need high EQ; if you don't want to lose quickly...

Chinese engineering has become so advanced that German jet engines could soon get a major boost from China. Officials in China have begun talks to sell sophisticated aerospace technology and manufacturing equipment to Germany for the production of high-performance jet engines.... Discussions for the sale are still in the early stages, but even the possibility of an agreement with Germany, which created the world’s first production-ready jet engine and has long been revered for its design...

The United States has pursued a decades-long policy of encircling, containing and if possible, undermining China as part of a larger strategy of achieving and maintaining what US policy papers call “primacy” over Asia. US policy has led to deeply-rooted networks operating within China’s borders and along China’s geopolitical peripheries to divide and destabilize the immense and increasingly powerful Asian state. These networks are funded and supported regardless of who occupies the White...

The United States mistakenly supported China’s membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down on Chinese trade. “It seems clear that the United States erred in supporting China’s entry into the WTO on terms that have proven to be ineffective in securing China’s embrace of an open, market-orientated trade regime,” the administration said in an annual...

By Marc Chandler (originally published at Marc to Market) The US Treasury International Capital report for the month of November 2017 was released yesterday.  It showed that the two largest foreign holders of US Treasuries, China and Japan, were net sellers.  China sold about $12.6 bln and Japan sold about $9 bln of US Treasuries.  Foreign investors sold $6.4 bln of Treasuries, meaning that...

How strategists think. Taiwan should buy 1,000 missiles to seal off China's central and southeastern provinces in the event of war, said the scholar. Why 1000 when two supposedly would do the job. Swarm tactics. Also good for business. Asia TimesTwo missiles could blow up Three Gorges: strategistCounterpoint. Signs of growing universalism in Europe, although  a lot of "nationalists" won't be happy even though she is first generation Belgian, born in Antwerp of a Chinese father and...

Two books on President Xi Jinping's shelf drew public attention from both home and abroad immediately after they were seen in the video of Xi's New Year speech. The two books were about artificial intelligence－The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World by Pedro Domingos and Brett King's Augmented: Life in the Smart Lane. The Master Algorithm, published in 2015, describes how machine learning is remaking business, politics, science and war....