Four years ago, on Christmas Day in 2010, China shocked the world when, unexpectedly, hiked its lending and deposits rates by 0.25% in order to battle inflation – only its second such hike in the prior 3 years. Since then things for the global economy haven’t done exactly as expected, and certainly not for China, […]
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Deadline looms as hackers threaten to destroy control systems of nuclear facilities
Updated: 2014-12-24 22:00:30 KST The investigation team is closing in on the hacker who is threatening to release thousands of nuclear reactor data. Authorities say they have traced the attack to multiple IP addresses in Shenyang, China. They haven’t ruled out North Korea’s involvement since the city is close to the border. Authorities believe the […]
China President Warns: Prepare For War As China Prepares To āBail Outā Russia!
The President of China, Xi Jinping, has issued a strong warning to his Peopleās Liberation Army, āPrepare For War!ā In this new story excerpted below from The Week we learn that Chinaās neighbors nearby and as far away as Washington DC have no idea what all this preparation by China is for. Is China preparing […]
“Isolated”? China Officially Offers Help To “Irreplaceable Strategic Partner” Russia
Just a week ago we detailed how China was preparing to bailout Russia’s liquidity crisis via the 150 billion yuan swap line the two nations agreed in October. Today, as Bloomberg reports, we got confirmation as two Chinese ministers offered support for Russia. China will provide help if needed and is confident Russia can overcome […]
Nervous HK rich seek backup after protests – Wei Gu
+Wei Gu The pro-democracy protests in Hong Kong might be fizzling, but its richer residents have started to look for alternatives, writes WSJ wealth editor Wei Gu in the Wall Street Journal.Ā High home prices, costs of living and pollution add to their worries. Wei Gu: Immigration demand has been subdued in recent years after […]
M 6.1 Earthquake, 86km NE of Keelung, Taiwan
U.S. Geological Survey An earthquake with magnitude 6.1 occurred near T’AI-PEI, Taiwan at 21:03:39.40 UTC on Dec 10, 2014. (This event has been reviewed by a seismologist.) Location: 66 miles (107 km) ENE of T’AI-PEI, Taiwan; 77 miles (123 km) NNE of Su-ao, Taiwan; 106 miles (170 km) ENE of Hsin-chu, Taiwan; 763 miles (1227 […]
Hong Kong protesters given Thursday deadline to clear sites, building up to a final showdown between pro-democracy activists and authorities backed by Beijing
(Reuters) – Hong Kong police announced plans to clear away the last of the “Occupy” protest encampments that have blocked key roads in the financial hub for over two months, setting up what could be a final showdown with pro-democracy activists on Thursday. A police spokesman, Cheung Tak-keung, said police would help implement a court-ordered […]
Dozens of Chinese held in Kenya accused of preparing to raid the country’s communications systems
Police in Kenya say they are holding 77 Chinese nationals who are accused of running a cyber crime network and mysterious “command centre” from upmarket houses in the capital Nairobi. Kenya’s foreign ministry also summoned China’s top diplomat in Nairobi as it sought to establish if Beijing was in anyway linked to the affair. Local […]
China and Russia Team Up to Build Worlds Largest Most Powerful Chopper
The Mi-26 can already haul vehicles that are larger than what can fit even into a C-130 Hercules, including everything from armored personnel carriers to dump trucks. Yet China has had a uniquely large demand for heavy under-slung cargo carrying ability, for both construction and logistical purposes and there has been talk for the last […]
Internet freedom faces new attack as China seeks to shape global web rules
The Chinese governmentās increasing efforts to influence global cyberspace rules is a further sign that internet freedom is under a sustained attack, said Amnesty International, ahead of Chinaās first World Internet Conference. The event, which takes place in the eastern Zhejiang province, between 19 -21 November, brings together senior Chinese officials and global web leaders […]