Tag Archives: China

Looks like the central bank (PBOC) is asserting its control of currency. As Yves Smith says, "prosecution futures."Ars TechnicaIt looks like China is shutting down its blockchain economy Timothy B. Lee

Russia will become world's second largest gold producer with the launch of a major mining and smelting facility in the Far East, said the press service of the Ministry for the Development of the Russian Far East Wednesday. After the facility was launched by Russia's gold producer Poluys to develop the Natalka gold deposit in the country's Magadan Region, the volume of ore processing will exceed 10 million tons per year, while the volume of gold production will be 13 tons per year, which...

The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review reports. The crude oil futures will be the first commodity contract in China open to foreign investment funds, trading houses, and oil firms. The circumvention of U.S. dollar...

The US has no good options.Graham E. FullerNorth Korea—the Deeper IssuesGraham E. Fuller | adjunct professor of history at Simon Fraser University, formerly vice chairman of the National Intelligence Council at the CIA, and a former senior political scientist at RAND

Must read. With the Trump Administration threatening to move against the Democratic People's Republic of Korea (DPRK) as a punishment for their ballistic missile and nuclear programs, it is a good time to take a look back to 1961 when the People's Republic of China and the DPRK signed the "Treaty of Friendship, Co-operation and Mutual Assistance Between the People's Republic of China and the Democratic People's Republic of Korea.Here is the text of the treaty which was signed in July 1961:...

A recent report by Goldman Sachs indicated that China has the resources and ambitious, high-level government plans to support artificial intelligence (AI) development and machine learning over the next few years. In the report, the investment bank identified four key factors for the growth of the AI industry - talent, data, infrastructure and computing power. By now, China already has the first three factors needed to fully embrace AI. Some talents who studied and worked overseas shared...

China is the world's largest gold importer, producer, processor, as well as consuming nation. In 2016, the country produced 453.49 tons of gold, ranking the first for 10 years consecutively. China's gold consumption reached 975.38 tons in 2016, the first on the list for four continuous years.... ECNS China Gold keeps positive on global gold industryCGTN

A graph that shows, for a longer span, essentially the same information presented in Robert Allen's graph of manufacturing production, and discussed before here. It is evident that the rise of China (India is not quite yet visible, even if its share did increase) represents a certain rebalancing, which is inevitable as the income per capita grows in that country, even if it does not scape what mainstream economists refer to as the middle income trap. Source here, and the data is, as...

More grand chessboard.More interference in countries most Americans don't know where are and some they never even heard of. Why? "China." Translation: Maintaining permanent US global hegemony. CounterpunchAmerica’s Long War: US Tightens the Noose on ChinaSean Stinson

A view of the development of market socialism with Chinese characteristics. Julian Gewirtrz’s “Unlikely Partners” charts, with an extraordinary attention to detail, these world-historic decisions and focuses on the role that foreign economists played in these early stages of China’s transformation. But while the declared focus of the book is on the foreign-to-Chinese interaction and cooperation, with the high point (extremely well described) being a week-long cruise-seminar in August 1985...