CHINA | WHAT REALLY HAPPENED

CHINA

Aug 18 08:05

Chinese State Media Announces 2.56M “Discredited Entities” Prevented From Purchasing Plane Tickets Under Social Credit System

By Chris Menahan

This is the system our ruling oligarchs are trying to implement in America.

Big Tech has already implemented their own “social credit score” system where they punish people for their political views by deplatforming them, censoring their websites and closing their PayPal/bank accounts...

Aug 17 10:24

Is It Obvious Yet That Tariffs Injure Americans?

By Jeffrey A. Tucker

For years now, competent commentators have tried to explain that tariffs do no one any good (on net). They are taxes. They increase business costs. They force businesses to cough up to the government for no particular reason. They don’t work to open economies. They sow seeds of distrust. They invite retaliation thus ruining export markets in addition to raising prices and tipping small businesses into the failing side of thin margins...

Aug 16 23:25

China Prepares Its “Nuclear Option” In Trade War

As the trade war with the U.S. continues to escalate, China has re-engaged with Iran on three key projects and is weighing the use of what both Washington and Beijing term the ‘nuclear option’, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry told OilPrice.com last week.

For the first of these projects - Phase 11 of the supergiant South Pars non-associated gas field (SP11) - last week saw a statement from the chief executive officer of the Pars Oil and Gas Company (POGC) that talks had resumed with Chinese developers to advance the project. Originally the subject of an extensive contract signed by France’s Total before it pulled out due to re-imposed U.S. sanctions on Iran, talks had been well-advanced with the China National Petroleum Corporation (CNPC) to take up the slack on development.

Aug 16 12:16

China: Paper Tiger - Rickards

Aug 15 11:25

Scott Adams: Epstein, Stock Markets and Trump, Deep Fakes, Simulation Proof, Hong Kong

Comments at: https://twitter.com/ScottAdamsSays/status/1162001287661195265?s=20

Always bet on human incompetence over a complex explanation
Kamala Harris…politicizing an active ongoing police event
If you can’t solve a problem any other way…”Trump it”
Shake the box till the variables produce a potential solution
Deep Fakes amazing video of Bill Hader’s face imperceptibly morphing
China will NEVER approve a fair trade deal…for cultural reasons
So how is a fair deal possible?
Thomas Friedman says he’d prefer TPP over trade war
Hong Kong situation and the likely outcome
Stock market prediction filter for 2020 election results
Will elite Democrats intentionally crash the stock market?
Is “political selling” happening to intentionally drive it down?
“Inverted Yield Curve” and recession fears…why?
Bill Clinton portrait at Epstein’s…wearing a blue dress and red shoes?

Aug 15 10:05

Guess Who China Is Blaming For The Riots In Hong Kong?

At this point, the Chinese have concluded that “external foreign forces” are responsible for the protests in the city, and the finger of blame is being pointed directly at the United States.

Aug 15 10:00

Ready for US face-off, China ‘re-engages’ Iran on projects

China has “re-engaged” Iran on three key energy projects which the world’s biggest oil buyer is adamant to carry on with their implementation despite US sanctions, a report says.

The international energy website OilPrice.com quoted a senior source working closely with Iran’s Ministry of Petroleum as saying that Phase 11 of the supergiant South Pars gas field, Yadavaran oil field and the Jask oil export terminal are the three projects which the Chinese want to continue.

Head of the Pars Oil and Gas Company (POGC) Mohammad Meshkinfam said last week talks had resumed with Chinese developers to advance Phase 11.

Aug 15 09:59

China's troops wait to crush Hong Kong protests: Military convoy is spotted hidden at sports stadium near border in ominous sign Beijing is preparing tougher crackdown

New footage and satellite images have emerged showing hundreds of military vehicles gathered at a sports centre in a mainland city bordering Hong Kong in an ominous sign that China could be preparing a tough crackdown on the city's protesters who Beijing has branded 'terrorists'.

U.S. President Donald Trump yesterday said Chinese troops were moving to the border with Hong Kong, citing U.S. intelligence.

The United States said today that it was concerned about movements of Chinese forces on the border with Hong Kong and urged Beijing to honor the territory's autonomy as pro-democracy protests continued.

'The United States is deeply concerned by reports of Chinese paramilitary movement along the Hong Kong border', a State Department spokesperson said in a statement to AFP.

Aug 14 11:05

China Prepares Its "Nuclear Option" In Trade War

Authored by Simon Watkins via OilPrice.com,

As the trade war with the U.S. continues to escalate, China has re-engaged with Iran on three key projects and is weighing the use of what both Washington and Beijing term the ‘nuclear option’, a senior oil and gas industry source who works closely with Iran’s Petroleum Ministry told OilPrice.com last week.

Having said that, and aware of the leverage that it had with Iran as one of the very few countries still willing to engage in developing its fields in the midst of increasingly vigorously-imposed sanctions, China has sought deal sweeteners from Iran, and has been given them. In order for it to reactivate its development of SP11, China will get a 17.25 percent discount for nine years on the value of all gas it recovers.

Webmaster's Commentary: 

One thing of which an intelligent person cannot accuse either China or Iran about, is not having a very long term, win/win economic plan for both countries.

But looking at the reality that 1 September, is just a little more than two weeks away, one has to wonder if the US government, will find itself capable of responding intelligently, or is that huge "crash and recession" the financial pundits have been trumpeting for so long, going to be the case?

Is the US government contemplating a two-front war with China and Iran, for which they would have to engage very quickly, before thinking people realized why this was happening?!?

And what "reason" will they give an ever-more conscious and evolved public, about why this is happening, and why now?!?

The short answer is, they cannot, even with the biggest false flag someone could ever conjure.

Aug 13 14:11

Beijing Refuses American Warships Entry To Hong Kong Ports

Mere hours after President Trump tweeted that US intelligence had confirmed the buildup of Chinese troops on the border with Hong Kong, US defense officials warned that Beijing had refused two US Navy ships permission to make port stops in Hong Kong in the coming weeks, a sign that President Xi is none too pleased with how the US has handled itself during the anti-extradition bill protests that have swept Hong Kong over the past ten weeks.

Aug 13 10:59

‘World is watching’: US reaction points to Hong Kong as a ‘color revolution’

If the iconography and tone of Hong Kong protests and the support from US diplomats weren’t enough, Washington’s words of concern sure seem to suggest that the months-long demonstrations amount to a ‘color revolution.’
On Monday, the Trump administration urged “all sides to refrain from violence.” While carefully paying lip service to Hong Kong being an internal Chinese matter, the unnamed White House official who spoke to the press said the US supported those “looking for democracy.”

Aug 13 10:29

US Ban on State Contracts With Huawei, Other Chinese Tech Companies Takes Effect

The ban on purchases of products and services from Huawei, ZTE and other Chinese tech companies for the US federal agencies has entered into force on Tuesday, according to an entry on the US Federal Register website.

The document titled "Prohibition on Contracting for Certain Telecommunications and Video Surveillance Services or Equipment" bans certain US state agencies, namely the Defense Department, General Services Administration and NASA, from purchasing equipment and services from a number of Chinese tech companies effective on Tuesday.

Aug 13 10:24

Hong Kong phooey! Would you like any hypocrisy with that?

Where to start? For nearly 40 weeks hundreds of thousands of French people have been on the streets in anti-government demonstrations against President Emmanuel Macron’s rule.

Some have lost eyes and hands in the police response. The public has begun to view the smell of tear gas as a normal part of a weekend in Paris. France is 29 miles from the coast of England. Siri just told me that “Hong Kong is about 5,992 miles from London as the crow flies.”

So complete has been the British media blackout on the Yellow Vests that many believe, wrongly, that there is some British government order banning on any mention of “les événements en France.” The truth is that there is no need for one.

Aug 13 08:04

This photo shows a US diplomat meeting with Hong Kong protest leaders

Two sides at least to every story. These protests are being organized and funded by the US government as part of their get China policy. What do people expect the Chinese government would do?

A photo published in a Hong Kong newspaper shows a U.S. State Department official meeting with Hong Kong protestors. Find out why this is causing diplomatic tensions.

Aug 13 05:48

GLOBAL TIMES SHOWS DRAMATIC VIDEO OF CHINESE ARMY PREPARING FOR HONG KONG INVASION

SOURCE: ZEROHEDGE
The Hong Kong/China feud is going from bad to worse on Monday, when as reported earlier, the Hong Kong airport authority advised all passengers to leave the terminal buildings as soon as possible in an unprecedented disruption after thousands of anti-government protesters occupied the airport terminal building.

However, what confirmed that as Beijing has been warning for the past week, Hong Kong's insubordination will no longer be tolerated by Beijing, was a video - complete with dramatic World War III style music - published by the state-owned tabloid Global Times, which showed "The People's Armed Police have been assembling in Shenzhen, a city bordering Hong Kong, in advance of apparent large-scale exercises."

Webmaster's Commentary: 

There is a point past which the Chinese government will not tolerate these demonstrations; and unfortunately for the people of Hong Kong, my guess is that the crackdown will come sooner, rather than later.

There will most likely be massive arrests and show trials, with intense imprisonments and tortures, in order to get people to confess to what they very well might not have done.

And right now, the Chinese government has every reason to slip back into industrial-strength dictatorship mode with a vengeance, between dealing with an overheated economy, and intense public criticism.

Aug 12 23:37

CHINA: Debts coming due.

Aug 12 12:13

Hong Kong On The Edge: Chinese Troops Gather In Shenzen; 100s Of Flights Cancelled Over Protester "Terrorism"

Protesters flooded Hong Kong's airport, one of the busiest in the world, on Monday, forcing authorities to cancel more than 100 flights as demonstrators expressed their anger over the violent police response to protests the night before.

Aug 12 08:45

Occupied Kashmir issue should be resolved according to UN resolutions, bilateral accords: Chinese FM

Chinese State Councilor and Foreign Minister Wang Yi Friday expressed serious concern over the latest situation in Indian occupied Kashmir (IoK) and said the issue should be resolved peacefully according to the United Nations resolutions and bilateral accords between India and Pakistan.

Aug 12 08:44

Chinese reports on U.S. diplomat in Hong Kong 'have gone from irresponsible to dangerous' - State Department

Official Chinese media reports about a U.S. diplomat who met with student leaders of Hong Kong’s pro-democracy movement “have gone from irresponsible to dangerous” and must stop, U.S. State Department spokeswoman Morgan Ortagus said on Friday.

Aug 12 08:40

US Lobster Exports To China Plunge Amid Escalating Trade War

VOA News interviewed a business owner and a trade official in Maine following a massive drop in lobster exports due to President Trump's escalating trade war. Their comments on the trade war are an eye-opener that contradicts the president's claim that his trade duties on China won't hurt American firms.

VOA spoke with Vice President of sales and marketing at Maine Coast, Sheila Adams, who said her company saw a 20% plunge in business activity in a matter of days last July after China retaliated against US tariffs on Chinese goods by raising duties on US food and agricultural exports, which included live lobsters.

"Essentially what's happened is about 80% of our sales into mainland China have gone away," she said.

"And that's purely because our product is simply just too expensive compared to the Canadian because of the additional 25% tariff that was levied."

Aug 12 07:45

Typhoon "Lekima" hits China, leaving 3 million homes without power, at least 18 dead and 16 missing

Typhoon "Lekima" - the 9th named tropical cyclone of the 2019 Pacific typhoon season, made landfall in Wenling, Zhejiang Province, China at about 01:45 LT on August 9, 2019, with winds of 187 km/h (116 mph). It then turned north toward Shanghai, bringing heavy rain and strong winds.

According to official sources, the cities of Taizhou, Wenzhou and Ningbo were hit especially hard.

Aug 12 07:40

China Threatening Military Invasion of Hong Kong — Peaceful Protesters Risk Meeting Chinese Forces – Hong Kong Airport Closed (VIDEO)

Vehicles reportedly passed through the Customs facility in Shenzhen, China on the road to Hong Kong. (Update: but we cannot confirm whether these vehicles entered Hong Kong.)

Aug 12 04:44

China Begins Hong Kong INVASION?

Aug 11 16:10

Alexa, can you tell me how many Chinese kids were forced into working nights to build this unit?

An investigation by China Labor Watch has found that Amazon's Alexa and Echo devices are being made by child interns, some forced to work night shifts so suppliers can keep up with peak demand.

The report found schools providing interns to work night shifts at a Hengyang Foxconn plant, producing Amazon devices. Kids who declined compulsory overtime were told by their teachers that it would affect their graduation from school. Teachers stayed at the factory and, it is alleged, helped fire pupils who refused to cooperate.

Aug 11 10:11

Currency War with China: 1934 and 2019

By Steve H. Hanke

In a purely political move, the Trump administration (read: the U.S. Treasury) has branded China as a currency manipulator. This is an act of war. After President Trump announced that even more tariffs would be imposed on China, the markets took the value of the Chinese yuan down a notch or two. So, who was “manipulating” the yuan, Beijing or Washington? Well, it looks like Washington is engaging in yet another Asian currency war...

Aug 09 11:07

Finger On The Trigger: China's Iran Oil Weapon

Two reports out this week worth paying attention to which could greatly impact oil prices at a crucial moment in which leaders in Tehran are desperately urging China to purchase more Iranian crude:

First, Reuters notes China continued importing Iranian oil in July for the second month since a US sanctions waiver ended, though at greatly diminished levels compared to the year prior, citing numbers from three data firms:

According to the firms, which track tanker movements, between 4.4 million and 11 million barrels of Iranian crude were discharged into China last month, or 142,000 to 360,000 barrels per day (bpd). The upper end of that range would mean July imports still added up to close to half of their year-earlier level despite sanctions.

Aug 09 11:06

US Calls China "Thuggish Regime" For Releasing Identity Of US Official Caught Meeting With HK Protesters

The US State Department has released a statement in response to Chinese officials and state media accusing a US diplomatic official based in Hong Kong of interfering in Chinese affairs. State media widely reported on a viral photo showing US foreign service agent Julie Eadeh - identified as the political unit chief of the US Consulate General - meeting with leading anti-Beijing activists at a Hong Kong hotel on Tuesday amid continuing unrest in the semi-autonomous city.

A State Department spokesperson on Thursday afternoon issued a statement calling China a "thuggish regime" for releasing details on the US diplomat stationed in Hong Kong.

"I don't think that leaking an American diplomat's private information, pictures, names of their children, I don't think that is a formal protest, that is what a thuggish regime would do," spokeswoman Morgan Ortagus told a news briefing. "That is not how a responsible nation would behave."

Aug 09 11:04

China’s New Export Tank to Be Upgraded With Active Protection System

The VT-5, a made-for-export version of the People’s Liberation Army’s new ZTQ-15 light tank, will be equipped with an active protection system that can shoot down incoming projectiles, according to a China Central Television report last week.

The new system will “detect incoming hostile projectiles before firing interception rockets to detonate them before they hit the tank,” the Global Times reported on Sunday, citing the CCTV report.

“The tank is also equipped with a sensor system that sends a warning when the tank is aimed [at] by a laser beam, which can notify the operators to take evasive maneuvers like releasing smoke,” the Global Times noted.

Aug 09 11:00

China wants US to bear the cost of trade war by making rare earths more rare

China’s rare earths association has warned that the trade conflict with the US will harm American businesses and consumers, as it confirmed its readiness to weaponize the prized elements.

Rare earth elements are critical for the high-tech industry in the manufacture of everything from mobile phones to modern fighter jets.

The Association of China Rare Earth Industry (ACREI), comprising almost 300 miners, processors and manufacturers, held a special meeting earlier this week, just several days after US president Donald Trump threatened to hit Beijing with a new batch of tariffs.

Aug 09 10:25

Can Huawei's new OS make customers ditch Google’s Android?

Huawei is expected to drop more details about its homegrown Hongmeng operating system at an upcoming conference. But is the world ready to ditch Android for an untested Chinese alternative? And is Google worried?

A new Huawei phone equipped with the Hongmeng operating system, also known as the HarmonyOS, could go on sale before the end of the year, the state-linked Chinese newspaper Global Times reported on Sunday. According to the newspaper, the phone aims to target the low and medium ends of the smartphone market, setting the price tag at around 2,000 yuan (roughly US$290).

Aug 09 09:33

Trump says US will not make a trade deal with China

US president Donald Trump said that, while talks are progressing with Beijing, no deal has been reached for now, as the two countries attempt to resolve an ongoing trade dispute.

The president told reporters on Friday that he would like to see more movement in the trade talks, but that Washington was not ready to finalize an agreement.

“China wants to do something on trade, but I’m not ready to do anything yet,” President Trump said, adding that the American taxpayer is “not paying for” the tariffs currently imposed on trade with the country.

Webmaster's Commentary: 

Ummm ... Don? Yes we are paying, at the retail level.

Aug 08 12:35

Hong Kong activist goes on defensive after being photographed with US consulate official

A Hong Kong activist who has played an active role in the ongoing anti-Beijing protests has raised suspicions after being photographed meeting with a senior official from the US consulate.

Joshua Wong Chi-fung, the secretary-general of pro-democracy party Demosisto, told the Hong Kong Standard that there was nothing sinister behind his recent meeting with Julie Eadeh, a political unit chief of the US consulate general in Hong Kong. Their rendezvous, which was caught on camera, was quickly seized upon by pro-Beijing media.

Aug 08 11:23

China has a $1 trillion trade war weapon. Will it ever use it?

China has said it is prepared to fight, if necessary. And it has one hugely powerful weapon up its sleeve: it's the American government's biggest creditor.

In theory, Beijing could trigger a panic in bond markets by dumping some of the $1.1 trillion in US Treasuries that it owns.

Aug 08 11:22

"Worst Year Ever": China's Ban On US Ag Products Will Be A Death Blow For Countless Farms

U.S. farmers have never experienced a year quite like this. During the first half of 2019, endless rain and unprecedented flooding were the major problems. As a result of the incredibly wet conditions, millions of acres of prime farmland didn’t get planted at all, and tens of millions of other acres are going to yield a lot less than usual. Even without anything else happening, we were going to see farm bankruptcies soar to absolutely crazy levels, but now the Chinese government is essentially cutting off U.S. agricultural imports.

Aug 08 11:20

"Bigger And More Violent": Beijing Admits Hong Kong Is Worst Crisis Since 1997 Handover

Some 500 political and business leaders including 200 local deputies of China's top legislature, the National People’s Congress, as well as pro-Beijing Hong Kong execs and chamber of commerce officials gathered Wednesday to discuss the ongoing Hong Kong unrest triggered by the proposed extradition bill earlier this summer.

Unlike prior similar gatherings in mainland China of top officials, there was reportedly little attempt to soften the full blown reality, as the group was told the protest crisis is assuredly becoming "bigger and more violent". The assessment was issued by Zhang Xiaoming, director of Hong Kong and Macau Affairs Office under the State Council, as reported by the South China Morning Post.

Zhang presented that Beijing views the Hong Kong situation the “most serious situation” since 1997, the year of the handover of Hong Kong when the UK formally ceded control of its colony.

Aug 08 11:19

White House To Unveil Rule Banning Agencies From Doing Business With Huawei

As has long been expected, the White House is preparing to release a new rule on Wednesday barring government agencies from buying equipment or doing any kind of business with Chinese telecoms giant Huawei - ratcheting up tensions between the world's two largest economies at an already precarious time for the global economy.

Aug 08 10:58

PAKISTAN TO DOWNGRADE DIPLOMATIC RELATIONS, SUSPEND BILATERAL TRADE WITH INDIA

SOURCE: RT
Pakistan says it’s going to downgrade diplomatic relations with India and suspend trade with the neighbor state. The move comes after New Delhi revoked the autonomous status of the disputed Kashmir region.
The statement by the Pakistani government vowed that the country will take the Kashmir issue to the United Nations Security Council (UNSC).

It also said that Prime Minister, Imran Khan, told the Pakistani military to “continue vigilance.”

On Tuesday, India’s lower house of parliament has voted to downgrades the status of Kashmir from a state to a union territory, which will prevent the Muslim-majority region from making its own legislation.

Islamabad also announced that India's envoy to Pakistan, Ajay Bisaria, will be expelled from the country as part of the response measures.

Webmaster's Commentary: 

As I input this, there are already reports of fiercely heavy fighting, in some areas, along the Line of Control; this situation could go from bad to worse, in less than a heartbeat, for the following reasons:

2015: India and US seal nuclear deal as Modi hosts Obama

From March of this year: China backs ‘iron brother’ Pakistan with primary weapons and complex exercises

And from May of this year: Russia's looming arms sale to Pakistan sets up a dangerous game

Unfortunately, it will not take much for a real shooting conflict to take shape between a nuclear-armed Pakistan, and a nuclear-armed India over Kashmir.

And unfortunately, India has been deaf, dumb, and blind, to an early promise by its leadership, to allow the Kashmiris to determine if they want to stay with India, join Pakistan, or become an entity unto itself.

In 2016, the following op ed appeared in the Express Tribune Blog section: When Nehru Promised Kashmir Freedom, why is India still in denial?!?

So now, what we have in this already volatile area, are US "defense assurances" to India, based on Obama's 2015 trip here, countered by Russian and Chinese defense assurances, (and practical actions by the Chinese government and military) to Pakistan.

War with Pakistan, China, and Russia, with the US supporting India against them?!?

Please, Lord, NO!!

Because unless someone sane in the Bowels of Power in governments around the world is "working the phones", and is creating as direct a communication with both countries' leadership as is humanly possibly, and right the hell now, a shooting war, courtesy of the US and India, and also courtesy of Pakistan, Russia, and China, could well be on its way to this already troubled part of the planet.

Russian President Vlad (the NON-Impaler) Putin, and Sergei Lavrov, white courtesy telephone, please!! And yes we know that you, and your weapons developers love selling Russian military gear around the world (as does the US military industrial complex, and its President, love to sell their military hardware).

And President Trump, we know that you met with Pakistani Prime Minister Imran Khan last week; please, let us get both parties on this to "Contain the Rage and Engage", at a meaningful level, so that a true, shooting war does not break out here; it is the absolutely last thing this world needs right now.

President Trump, we both know, that in the Chinese language, the ideogram for "Crisis" and "Opportunity", are one in the same; please see if we can turn this into an opportunity for peaceful engagement, and a furthering of ties recommences between India and Pakistan.

But you will need to convince the Indian Prime Minister, Narendra Modi, that promises, once made by its government, need to be fulfilled, and not repudiated.

If there was ever a critical time for a Kashmiri referendum, is right now, Mr. President: and you're welcome.

Aug 08 10:51

“On a Scale of 1-10, It’s an 11” – Wall Street Reacts to China’s Retaliation

One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative.

With the S&P dropping more than 2%, bringing its slide from the all time highs just two weeks ago to more than 5%, semiconductors which are most directly exposed to Chinese trade, and banks stocks, which are sensitive to interest rates, are among the hardest hit sectors.

Aug 08 09:42

PHOTO - Flash Alert: Texas News Studio First Ever Human-Monkey Hybrid Grown in Lab in China

Animal Human Hybrids have been created in China.

Webmaster's Commentary: 

That looks a little scary.

Aug 08 09:36

NATO Chief: We Must Understand and Address the Rise of Communist China

North Atlantic Treaty Organization (NATO) Secretary-General Jens Stoltenberg said on Wednesday the Atlantic alliance must counter China’s growing influence in the Pacific, working closely with allies such as Australia, Japan, New Zealand, and South Korea.

“This is not about moving NATO into the Pacific, but this is about responding to the fact China is coming closer to us,” Stoltenberg told Reuters during a visit to Australia.

Aug 08 09:15

"The End Of The World As We Know It" - China Going Nuclear Means There's No Turning Back Now

At the end of last week, President Trump announced that the U.S. would be imposing a 10 percent tariff on 300 billion dollars worth of Chinese imports, and that marked a dramatic escalation in our trade war with China. This move by Trump came as a total shock to Chinese officials, and global financial markets were thrown into a state of turmoil. Since that announcement, we have been waiting for the other shoe to drop, because we knew that the Chinese would retaliate. But honestly, very few of the experts expected something like this. On Monday, China announced that it is going to completely stop buying U.S. agricultural products…

China confirmed reports that it was pulling out of U.S. agriculture as a weapon in the ongoing trade war.

A spokesperson for the Chinese Ministry of Commerce said Chinese companies have stopped purchasing U.S. agricultural products in response to President Trump’s new 10% tariffs on $300 billion of Chinese goods.

Aug 07 13:06

China’s exit from US agriculture is a devastating blow to an already struggling sector

Agriculture has been a weapon of choice in the escalating trade war between the world’s two largest economies.

With China officially pulling out of buying U.S. agricultural products, American farmers are losing one of their biggest customers. It could be a devastating blow in an already tough year for crops and commodity prices. It may also dent U.S. gross domestic product and hurt companies like Deere, whose business is directly tied to farming in the Heartland.

Aug 07 12:41

The Reality of Trade Between USA & China

Aug 07 10:36

Philippine Navy Warns of Chinese Investment on Strategic Islands

The Philippine Navy has gone public with concerns about the risk of allowing Chinese private investors to develop three strategic islands for civilian purposes.

Two (Grande and Chiquita Islands) sit in the entrance of Subic Bay, the deepwater port that was once the heart of America's presence in East Asia. Grande Island, the larger of the two, has strategic significance: it was fortified in the WWI era and manned for harbor defense in the early years of WWII.

Aug 07 09:54

Forget Iran, Maximum Pressure Has Shifted To China

In the past week the pressure on China by the U.S. has escalated daily. Since the trade delegation came back from China with lunch barely digested the Trump Administration has gone into over drive on demonizing China here at home.

From finally declaring China a currency manipulator after years of threats on Monday the latest is now a planted story in Axios that Vice-President Mike Pence bringing forth a list of Chinese officials to sanction for Human Rights violations under the Global Magnitsky Act.

This is based on a lie, of course. A lie helped along by Bob Fu, the head of ChinaAid, an NGO working, nominally, to alleviate the horrors of the Chinese government. Or, at least, that’s what you’re supposed to believe.

Aug 07 09:22

Echoes of WWII: Pompeo goes on South Pacific blitz to ‘counter China’

US Secretary of State Mike Pompeo paid a historic visit to three South Pacific island nations, hyping fears of Chinese influence to extend their protectorate treaties with Washington in what looks like a return to WWII thinking.

Landing on the island of Pohnpei on Monday, Pompeo became the first US secretary of state to visit Micronesia. Meeting with the leaders of the Federated States of Micronesia, Marshall Islands and Palau, he called the little island nations “big strongholds of freedom” and urged them to side with the US rather than China in the current jockeying for power over the Pacific Ocean.

Aug 06 18:22

China warns Hong Kong protesters that punishment is coming

China warned it will be "only a matter of time" before it punishes those behind two months of pro-democracy protests in Hong Kong that have increasingly devolved into violent clashes with law enforcement.

The comments by Yang Guang, spokesman for the Chinese Cabinet's Hong Kong and Macao Affairs Office, are a further indication that Beijing will take a hard line against the demonstrators and has no plans to negotiate over their demands for political reforms.

"We would like to make it clear to the very small group of unscrupulous and violent criminals and the dirty forces behind them: Those who play with fire will perish by it," Yang said. "Don't ever misjudge the situation and mistake our restraint for weakness."

Aug 06 12:28

US-China Direct Investments Plunge To Five-Year Low Amid Intensifying Trade War 

American and Chinese investors' willingness to deploy capital into each other's countries has plummeted to a five-year low amid escalating trade tensions between the two countries, according to a new study by research firm Rhodium Group.

Two-way foreign direct investment (FDI) between the US and China fell 18% YoY to $13 billion in 1H19 and approached levels not seen since 1H14.

Aug 06 11:20

Will China Retreat Into Itself?

Aug 06 10:59

China approves wheat, soy imports from Russia

China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports.

It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on its website, having all but halted U.S. soy imports as the trade dispute between Beijing and Washington deepened.

China was the top buyer of U.S. soybeans until Beijing slapped a 25% tariff on shipments last year in response to U.S. tariffs on a range of Chinese products.

Aug 06 10:23

TRADE DEFICIT WIDENS & 3 MORE DATA POINTS PROVING THE U.S. IS LOSING THE TRADE WAR

As the trade deficit continues to widen and President Donald Trump ramps up his rhetoric on China, one thing is for certain: the data points show that the United States is the loser in this trade war.

There is no coming out on top when the tariffs, which are paid in whole by American consumers and businesses, are a financial burden and additional tax on your own. According to a report by Reason, investment in American businesses has fallen sharply since the start of the trade war, and American exports are way down too.

Aug 06 09:29

China warns Hong Kong protesters not to 'play with fire'

China has issued a strong warning to Hong Kong's protesters, saying their attempts "to play with fire will only backfire".

A spokesman for China's top policy office on Hong Kong told protesters not to "underestimate the firm resolve [of] the central government".

Aug 06 08:57

Swipe Riot: Hong Kong Protesters Using Tinder, Pokémon Go To Coordinate

Hong Kong protesters are turning to apps like Tinder and Pokémon Go to coordinate demonstrations throughout the city, as authorities crack down on first-line methods of communication such as WhatsApp, Telegram groups, Signal and the gaming platform Twitch, according to Abacus News.

Aug 06 08:15

Defying U.S. Sanctions,China and Others Take OilFrom 12 Iranian Tankers

China and other countries are receiving oil shipments from a larger number of Iranian tankers than was previously known, defying sanctions imposed by the United States to choke off Tehran’s main source of income, an investigation by The New York Times has found.

Aug 05 15:27

"New Cold War" Unleashing "Geopolitical Chaos": China Reacts To US Offensive Missiles In Asia

China's Global Times — the communist country's hawkish, belligerent state tabloid — has responded to the Pentagon's Friday announcement stating the US is looking to deploy intermediate range ballistic missiles to Asia "within months," warning "it will certainly trigger an intense arms race in the region."

Its editorial board, long understood as a mouthpiece of the state, has slammed remarks made by US Defense Secretary Mark Esper outlining the new mid-range ballistic missile deployment plans, crucially which came immediately on the heels of the formal collapse of the landmark US-Russia INF treaty, saying American greed and naked drive for hegemony will spark a dangerously unprecedented arms race which will fuel further "instability" across Asia.

Aug 05 15:25

For The First Time In 25 Years, US Treasury Just Designated China A Currency Manipulator

Following the plunge in the yuan overnight, The U.S. Treasury Department on Monday designated China as currency manipulator, a historic move that no White House had exercised since the Clinton administration.

“Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release.

“As a result of this determination, Secretary Mnuchin will engage with the International Monetary Fund to eliminate the unfair competitive advantage created by China’s latest actions.” "

"This pattern of actions is also a violation of China’s G20 commitments to refrain from competitive devaluation."

Washington hasn’t labeled a major trade partner a currency manipulator since 1994.

The Yuan tumbled further on the headline...

Webmaster's Commentary: 

This is as serious as is a heart attack, folks; I do not know what the Trumporators are planning, but my gut is telling me it will be major, and singularly unpleasant.

Aug 05 10:49

China Halts Purchases of US Agricultural Products, Mulls Retroactive Tariffs - Commerce Ministry

Earlier, US media reported that Beijing had quietly asked state-owned enterprises to suspend further imports of US agricultural goods amid the ongoing trade war, and President Donald Trump's recent threat to slap 10 percent tariffs on another $300 billion in Chinese imports.

Chinese companies have stopped buying agricultural products made in the US, and Beijing is considering imposing tariffs on all US farm goods purchased after August 3, China's ministry of commerce announced late Monday, according to Reuters.

The ministry's statement comes on the heels of reports by Chinese media, including Xinhua, about possible new tariffs on US agricultural goods.

Aug 05 10:46

Snyder: China Is Extremely Angry, And Now Considers The United States To Be Enemy #1

Chinese officials are firmly blaming the United States for the enormous political protests that we have witnessed in Hong Kong in recent weeks, and on Thursday President Trump slapped another round of tariffs on Chinese imports. Sadly, most Americans aren’t even paying much attention to these developments, but over in China everyone is talking about these things. And of course the truth is that they aren’t just talking – the Chinese are absolutely seething with anger toward the U.S., and they aren’t afraid to express it.

Aug 05 10:16

Thousands of pro-democracy protesters return to Hong Kong's streets for two fresh demonstrations after police fired tear gas in violent clashes

Thousands of protesters took to Hong Kong's streets again today for two new demonstrations after police fired tear gas at the crowds last night.

The Chinese-controlled city has been rocked by months of protests against a proposed bill to allow people to be extradited to stand trial in mainland China.

Adding to the tensions, a general strike aimed at bringing the city to a halt is planned for tomorrow and hundreds of the people marching today were heard calling for this to happen.

Aug 05 08:49

Trump Slams China's "Currency Manipulation" After PBOC Denies Competitive Devaluation

President Trump has escalated his rhetoric against China's interventionsit lack-of-intervention, blasting "China dropped the price of their currency to an almost a historic low. It’s called 'currency manipulation'..."

Then Trump added - clearly pushing Powell to do more: "Are you listening Federal Reserve? This is a major violation which will greatly weaken China over time!"

Aug 05 08:20

DOW PLUMMETS 600 POINTS AS CHINA TRADE WAR ESCALATES

Stocks fell sharply on Monday as a trade war between the world’s largest economies intensified with China retaliating against the U.S.? latest move.

The Dow Jones Industrial Average plunged 600 points, while the S&P 500 dropped 2.4%. The Nasdaq Composite lagged, dropping 3%. The three indexes were on pace to post their biggest-one day loss since May 13. The Nasdaq was on track to fall for a sixth straight session, which would be its longest losing streak since late 2016. The S&P 500 headed for a six-day losing streak as well.

Aug 05 07:58

China-USA Currency War Goes HOT

Aug 05 05:21

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble

By Tyler Durden

China is firing all the big guns, because just an hour after Beijing effectively devalued the yuan, when it launched the latest currency war with the US, Bloomberg reported that the Chinese government has asked its state-owned enterprises “to suspend imports of U.S. agricultural products after President Donald Trump ratcheted up trade tensions with the Asian nation last week.”

China’s state-run agricultural firms have now stopped buying American farm goods, and are waiting to see how trade talks progress...

Aug 04 11:46

Canadian lab's shipment of Ebola, Henipah viruses to China raises questions

Scientists at the National Microbiology Lab sent live Ebola and Henipah viruses to Beijing on an Air Canada flight March 31, and while the Public Health Agency of Canada says all federal policies were followed, there are questions about whether that shipment is part of an ongoing RCMP investigation.

Ebola and Henipah are Level 4 pathogens, meaning they're some of the deadliest viruses in the world. They must be contained in a lab with the highest level of biosafety control, such as the one in Winnipeg.

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