CHINA | WHAT REALLY HAPPENED


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Oct 04 06:56

China Halts All Oil Imports from US Amid Escalating Trade War

America’s second-largest oil client, China, completely stopped buying crude from the United States as trade tensions between the world’s two largest economies continue to grow. While oil has not been included on the list of bilateral tariffs, Chinese refiners have been staying away from buying crude from the US.
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China’s crude oil imports from America reached an average of 334,880 barrels per day through August, making Beijing the second-largest buyer of US oil after Canada.

In fact, China may be the largest buyer of American crude since much of the oil imported by Canada is re-exports – Canadian crude that briefly crosses into the US on pipelines before re-entering Canada. After ending a 40-year ban on oil exports in late 2015, the US has ramped up sales to two million barrels per day (bpd).

China buys most of its crude from Russia>>>

Oct 04 06:48

Chinese Imports Of US Crude Have "Totally Stopped" As Tariff Threats Persist

It has been roughly two months since China threatened to impose a 25% tariff on US energy imports (it eventually went back on those threats), and less than two weeks since the latest round of tariffs has been implemented. But even as China has shied away from its threats to punish the US energy industry, Reuters data are showing that imports of US oil to China have ground to a halt.

Oct 04 06:24

Steve Bannon, two Chinese military officers and the book that made him a China hawk

Former White House chief strategist says Unrestricted Warfare opened his eyes to Beijing’s information and economic campaign against the US

Steve Bannon, US President Donald Trump’s former chief strategist, says it was a book by two Chinese military officers that helped him conclude that “China was engaging in economic warfare against us”.

Bannon, who claims to have been “one of the biggest China hawks” in the president’s circle of advisers even before the trade war Trump started this year, also called Beijing’s “totalitarian political and economic system” the root of the rivalry between the two great powers.

Unrestricted Warfare, a book on military strategy by two senior People’s Liberation Army officers impressed Bannon when he read it in 2010.

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Oct 04 05:59

Chinese Credit Collapse Is Imminent

Oct 04 05:42

Trump Is Having The Last Laugh When It Comes To The US Economy

SCMP: Who’s Laughing Now? At Least On The US Economy, Trump Is Doing A Pretty Good Job

Richard Harris says all signs point to a broad-based market rally. Indeed, Trump would win any poll today based on the strength of the US economy. And Chinese markets can recover quickly once good sense prevails in the US-China trade war

Market sentiment has ebbed and flowed significantly over the third quarter of the year, including in the United States.

Most news seems to have emanated from the smartphone of President Donald Trump and markets have had days of concern and weeks of contentment, resulting in a reasonable summer for investors. Most independent observers will grudgingly admit that whatever Trump has done, intentionally or accidentally, it is working at the moment. If there was a poll taken today on the economy alone, he would win by a landslide.

Oct 04 02:31

US Navy Proposes A "Global Show Of Military Force" As A Warning To China

Now it's the US turn to respond, and according to CNN, the US Navy's Pacific Fleet has drawn up a classified proposal to carry out a global show of force as a warning to China and demonstrate the US is prepared to deter and counter their military actions. The draft proposal from the Navy is initially recommending the US Pacific fleet conduct a series of operations during a single week in November.

The navy's goal - whether with or without the White House's prodding - is to carry out a highly focused and concentrated set of exercises involving US warships, combat aircraft and troops to demonstrate that the US can counter potential adversaries quickly on several fronts.

Even without knowing the details, one can easily see how this can go horribly wrong. It only gets worse from there.

Oct 03 12:27

Chinese armed drones now flying across Mideast battlefields

High above Yemen’s rebel-held city of Hodeida, a drone controlled by Emirati forces hovered as an SUV carrying a top Shiite Houthi rebel official turned onto a small street and stopped, waiting for another vehicle in its convoy to catch up.

Seconds later, the SUV exploded in flames, killing Saleh al-Samad, a top political figure.

The drone that fired that missile in April was not one of the many American aircraft that have been buzzing across the skies of Yemen, Iraq and Afghanistan since Sept. 11, 2001. It was Chinese.

Across the Middle East, countries locked out of purchasing U.S.-made drones due to rules over excessive civilian casualties are being wooed by Chinese arms dealers, who are world’s main distributor of armed drones.

Oct 03 06:25

Beijing Slams Intrusion Into Islands' Waters

China voiced strong dissatisfaction and firm opposition on Tuesday to a US warship's intrusion into the waters of China's islands and reefs in the South China Sea.

Defense Ministry spokesman Wu Qian said on Tuesday the USS Decatur guided missile destroyer arbitrarily entered waters on Sunday off China's islands and reefs in the South China Sea. He noted that a Chinese Navy vessel carried out identification and verification procedures in accordance with international law and warned the US vessel off.

China has indisputable sovereignty over the islands in the South China Sea and their adjacent waters>>>

Oct 02 12:10

‘Dilbert’ Creator Scott Adams’ Son Dies from Fentanyl Overdose, Calls for ‘Execution’ of Chinese Drug Executives

Scott Adams made the heartbreaking revelation in a video on his Periscope, telling viewers he received a call from his ex-wife over the weekend that his 18-year-old stepson, Justin, had been found dead.

Full Periscope video here:

Oct 02 09:38

US subs would be sitting ducks for new Chinese 'Death Star' laser satellite that will be able spot them 1,600ft below the surface

China's new spy satellite 'Project Guanlan' could use lasers to spot submarines up to 1,600ft (500m) below the ocean's surface.

These lasers will be so powerful they will make the upper layer of the sea 'more or less transparent', according to scientists involved in the project.

Researchers claim these artificial laser beams could be one billion times brighter than the sun.

However, some experts say this type of deep-sea surveillance is 'mission impossible' as lasers are fundamentally unable to penetrate that deep.

Oct 01 13:31

Chinese warship in 'unsafe' encounter with US destroyer, amid rising US-China tensions

A US Navy ship had an "unsafe" interaction with a Chinese warship Sunday while the US vessel was conducting a freedom of navigation operation near the disputed Spratly Islands in the South China Sea, causing the US ship to maneuver "to prevent a collision," according to US defense officials.

"A (People's Republic of China) Luyang destroyer approached USS Decatur in an unsafe and unprofessional maneuver in the vicinity of Gaven Reef in the South China Sea," Capt. Charles Brown, a spokesman for US Pacific Fleet, told CNN in a statement confirming the incident.

Brown said the Chinese warship "conducted a series of increasingly aggressive maneuvers accompanied by warnings for the Decatur to depart the area."

Oct 01 10:48

Washington’s Sanctions Machine

Perhaps it is Donald Trump’s business background that leads him to believe that if you inflict enough economic pain on someone they will ultimately surrender and agree to do whatever you want. Though that approach might well work in New York real estate, it is not a certain path to success in international relations since countries are not as vulnerable to pressure as are individual investors or developers.

Oct 01 10:14

Chinese Air Force Holds Live-Fire War Drill In South China Sea Days After US Exercise

China Central Television, as per the Twitter account of the official People's Daily newspaper, reported Saturday that the Chinese military deployed fighter jets and bombers to conduct live-fire war drills in the disputed South China Sea, just days after the Japan Air Self-Defense Force and nuclear-capable US B-52 strategic bombers held exercises over the East China Sea and the Sea of Japan on September 27.

The report said dozens of jet fighters from the People’s Liberation Army Naval Air Force from the Southern Theater Command on early Saturday conducted "live-fire drills to tests pilots' assault, penetration and precision-strike capabilities at sea," said The Japan Times.

Beijing on Thursday blasted the US and Japan exercise over the East China Sea, calling them a "provocation."

Oct 01 09:52

US, China Security Meeting May Be Cancelled Amid Tensions

Soaring US-China tensions may lead to the cancellation of a major diplomatic and security meeting between officials of the two global economic powers next month amid their persisting trade war, according to sources.

Two Beijing-based diplomatic sources briefed on the planned meetings were cited by media as saying that US Defense Secretary James Mattis and US Secretary of State Mike Pompeo were both due to take part in the US-China Diplomatic and Security Dialogue next month in Beijing, noting that the event was now in doubt, Asia News reported.

The continuing US-China tensions are now escalating beyond trade after US President Donald Trump accused Beijing during his UN General Assembly address earlier this week of trying to meddle in the upcoming US midterm congressional elections.

"There is a lot of uncertainty because of the turbulence in the relationship [between Beijing and Washington]," one of the sources said.

Oct 01 09:49

In Troubling Sign For The US, Reserve Managers Plow Into Chinese Yuan, Dump Dollars

The IMF released the Currency Composition of Official Foreign Exchange Reserves (COFER) data for Q2 2018 on Friday. The total of reserves that are broken down by currency went up by $123BN, and unallocated reserves fell by $243BN. The most notably observation in the COFER report is that reserve managers actively decreased their allocation to USD – more than offsetting the effect of dollar appreciation – while at the same time adding significantly to non-USD allocations and especially to Chinese Yuan reserves.

Oct 01 08:13

Reagan visits China

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After communists took over power in China in 1949, successive American presidents had refused to recognize the new Chinese government and supported pro-democratic nationalists who had been exiled on the island of Taiwan, off the coast of China. U.S. support for Taiwan included sales of arms, which infuriated the communist government in Beijing. President Nixon made tentative diplomatic overtures to China in 1969 and, in October 1970, told a Time reporter if there’s anything I want to do before I die it’s go to China.

In 1971, he led the U.S. government in officially recognizing the communist Chinese government and became the first American president to visit China the next year. It was not until 1984 that another president, Reagan, would travel to China in an attempt to resolve remaining diplomatic differences.

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(*but they didn't poses the big brain of genius potus Trump who sees intimidation , and a return to what the two former Republican Presidents were trying to resolve with the remaining dipplomatic relations as a solution
Chalk one up for Tricky Dick .)

Oct 01 07:25

China Daily: Counting The Cost Of Trade War

Chinese State Councilor and Foreign Minister Wang Yi on Friday warned against the rising negative sentiment towards China in the United States.
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He listed a few basic numbers to refute the claim by some people that the United States has suffered a huge loss in its economic and trade exchanges with China.

"In 2017, every US farmer exported an average of more than 10,000 dollars of agricultural products to China; GM sells 4 million vehicles every year in China, exceeding its sales in the United States over the same period; in 2016, US-owned enterprises achieved sales of over 600 billion dollars in the Chinese market. Now (they sell) definitely even more," he said

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(*They are without the benefit of an honest press corps , like we've got . They propagandize their people .)

Oct 01 06:39

US Tells China: We Want Competition, Not Cooperation

South China Morning Post: Event at Washington embassy highlights difference in the two sides’ perspectives as senior Trump aide Matt Pottinger delivers blunt message

The United States sees its relationship with China as a competition, a senior member of the Trump administration has told Chinese diplomats, speaking at an event that highlighted the gulf between the two sides’ world views.

While Cui Tiankai, China’s ambassador to the US, used the reception at his country’s embassy in Washington to highlight the importance of cooperation, Matt Pottinger, a senior director for Asian affairs on the National Security Council, made America’s intentions clear.

“In the United States, competition is not a four-letter word,” Pottinger said.

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Sep 30 09:50

Intentions of Moon and Kim need US input to become reality

Plans for economic development cannot happen under present sanctions, and first require Washington to obtain guarantees on denuclearisation

As expected, the third meeting between Moon Jae-in and Kim Jong-un produced a highly ambiguous statement.

No timeline for a declaration of Pyongyang’s nuclear arsenal and no framework for nuclear dismantlement arose.

Yet optimists may disagree. The joint military declaration agreed to a cease of military exercises “aimed at each other along the Military Demarcation Line”, and the withdrawal of guard posts along the Demilitarised Zone. Pyongyang pledged to close its nuclear test facility at Tongchang-ri, as part of the two Koreas “pushing forward the complete denuclearisation of the Korean peninsula”, and inter-Korean economic cooperation projects were proposed.

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Sep 29 10:44

Korean war to trade war, China has a Trump card to play

Tariffs are just the opening salvo in America’s battle to slow China’s rise, a head-on collision that China’s leaders have long seen coming. Beijing won’t be caught napping

The escalating trade war between China and the United States is more than just a mighty tussle over imports and exports – and the elite in both Beijing and the West know it.

It is, in effect, a battle of the utmost strategic importance, pitting China against a coterie of Western nations that see it as the gravest threat to their dominance of the existing world order. Slapping on tariffs is just the opening salvo.

On the one side, there is the clear (if not publicly admitted) goal of slowing down (if not containing altogether) China’s seemingly inexorable rise as a superpower. And on the other is China’s determination not to bow to the collective might of the West and forfeit the right to decide its own destiny.

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(*RELATED:) China takes step towards precision warheads for nuclear weapon

Sep 29 10:29

Washington’s Sanctions Machine

Washington’s latest foray into the world of sanctions, directed against China, is astonishing even when considering the low bar that has been set by previous presidents going back to Bill Clinton. Beijing has already been pushing back over US sanctions imposed last week on its government-run Equipment Development Department of the Chinese Central Military Commission and its director Li Shangfu for “engaging in significant transactions” with a Russian weapons manufacturer that is on a list of US sanctioned companies. The transactions included purchases of Russian Su-35 combat aircraft as well as equipment related to the advanced S-400 surface-to-air missile system. The sanctions include a ban on the director entering the United States and blocks all of his property or bank accounts within the US as well as freezing all local assets of the Equipment Development Department.

Webmaster's Commentary: 

These sanctions are, unfortunately, going to boomerang right back at the Trump administration. The EU is already preparing another mechanism for trade with Iran which completely bypasses the US dollar, and Russia and China are working out a similar system.

The ultimate outcome will most likely be a crash of the US economy, because the dollar is not the currency of choice for other countries, causing it ot be devalued.

So what is Trump going to do, go to war with any nation on earth which will not be bullied and intimidated though these tactics?!?

Unfortunately, looking at his well-documented capability to go completely off the rails entirely, with no long-term logic in sight, in both his foreign and domestic policies, the short answer may well be "Yes!"

Sep 28 04:11

US Pulls Patriot Missiles From Middle East as Focus Shifts to China, Russia

The Pentagon is removing Patriot missile systems from several Middle Eastern countries next month, in a move that the Wall Street Journal says coincides with a “realignment of forces and capabilities as the military steps up its focus on threats from China and Russia,” citing multiple senior military officials.

The relocation of the systems out of the Middle East, which hasn’t been previously disclosed, is one of the most tangible signs of the Pentagon’s new focus on threats from Russia and China and away from the long-running conflicts in the Middle East and Afghanistan.

Two Patriot missile systems will be redeployed from Kuwait, and one each from Jordan and Bahrain, officials said.>>>

Sep 27 18:16

Trade War Heightens Military Tensions Between US & China

The trade war is ratcheting up military tensions between the United States and China. So far, this war is being paid for by the American consumer in the form of higher costs and lost jobs, but it could eventually lead to a military conflict.

Military tensions have risen in the beginning stages of the trade war when on Tuesday, China refused to allow U.S. warship entry to Hong Kong next month. The Trump administration levied unprecedented penalties last week on a Chinese military procurement agency and its director for allegedly purchasing Russian combat aircraft, claiming a violation of U.S. sanctions. Not to mention the tensions already heightened thanks to the tariffs and ongoing trade war threatening to break the wallets of American citizens.

Webmaster's Commentary: 

These are the kind of actions one expects from an empire in decline; and the economic and social convulsions in this country are getting stronger by the day.

War, which one could define as a government's "misdirection" of public anger over domestic problems which have gone unheeded for far too long, like America's infrastructure, education, and affordable housing, and placing it on "The Other", this time a very smart, forward-thinking China.

It is a way of letting the show go on just a little bit longer for the monied, and all wars are banker's wars; but the problem is, ultimately, the Western economic system is engineered to collapse under its own economic weight; the graveyards are bigger, and everything that was plundered in war, will have to be rebuilt.

It is a cycle which continues to plague the Western world, and they haven't been able to think their way out of it.

Sep 27 13:05

S-300s in, Patriots out: US to withdraw missiles from 3 Middle East countries – report

The Pentagon will remove four batteries of PAC-3 Patriot missiles from three Middle-Eastern countries, according to the Wall Street Journal. The report said the missiles are needed elsewhere to counter China and Russia.
The US newspaper said Jordan and Bahrain will lose one battery of US long-range anti-aircraft missiles next month, while Kuwait will part with two. The systems are not meant to be replaced, so the withdrawal would permanently reduce the defensive capabilities of the three nations. The systems are already offline and are being prepared to be moved, a military source told the WSJ.

The report would not disclose where the Patriot missiles would be redeployed, but said it was part of the Pentagon’s strategy of changing focus from the Middle East towards China and Russia, which were named as the main threats to US global interests in the Trump administration’s defense strategy review.

Webmaster's Commentary: 

So, the Federal Government of the Unhinged, Surveilled State of Amerika, has declared that Russia and China are going to be the next "problem children" in the global community of countries?!?

God help us; do they really intend to go to war in Syria against Russia? The following statement was just announced three days ago: Trump to keep troops Syria until Iran leaves

After the mid-terms, were I a betting woman, I would possibly bet that there may well be a reinstitution of the Draft in this country.

Sep 27 12:47

DETAILED LOOK AT GOOGLE'S SECRET, CENSORED, SPYING CHINESE SEARCH TOOL

Jack Poulson is one of several googlers to quit the company over Project Dragonfly, the company's secret plan to launch a Chinese search tool that will incorporate state surveillance and censorship on behalf of China's authoritarian government.

Now, Poulson has sent a letter to the US Senate detailing the internal workings of Project Dragonfly, confirming that the tool is designed to block such queries as "student protest" and "Nobel prize," and to facilitate tracking users whose search history reveals an interest in politically sensitive topics.

Google confirmed that this product has been developed, but insisted that the product is "not close to launch."

The letter alleges Google is working on:

* A prototype interface designed to allow a Chinese joint venture company to search for a given user's search queries based on their phone number

Webmaster's Commentary: 

You have to understand; that unholy triumverate of Google, Facebook, and Twitter are also working as arms of US government propaganda right now, by their deplatforming algorithms, and such a system not too far from what Google is developing for China will most probably shortly be in operation right here in the good old Unhinged, Surveilled State of Amerika.

Sep 27 11:30

US Flies More B-52 Bombers Near Disputed Territories in South China Sea

Poking China in its side, the US Air Force conducted several B-52 bomber flights over the South China Sea this week, a move likely to draw Beijing's ire.

This week saw several American bombers flying across the contested region, with four B-52s transiting through skies over the South China Sea on Monday and an additional batch on Tuesday that traveled above the East China Sea.

Lt. Col. Dave Eastburn told Reuters on Wednesday that the bombers were participating in a "regularly scheduled, combined operation" that was part of "routine events designed to enhance our readiness and interoperability with our partners and allies in the region."

Sep 27 10:40

Gina Haspel's CIA looks to recruit more foreign spies

Gina Haspel, the first female director of the CIA, has made recruiting more foreign spies one of her main priorities in order to align intelligence collection with the US foreign policy.

Delivering a talk on Monday at the University of Louisville in her home state of Kentucky, Haspel said more spies would be recruited to address evolving threats not only from groups such as Islamic State of Iraq and the Levant (ISIL, also known as ISIS) or al-Qaeda, but also from countries like Iran and China.

The people in Iran, Haspel said, are suffering because their economy has been "mismanaged".

Webmaster's Commentary: 

The people in Iran are suffering because their economy has been attacked by the US!

Sep 27 10:17

CHINESE CITIZEN ARRESTED BY FBI FOR SPYING ON U.S.

On September 25, 2018 the Justice Department issued a press release, Chinese National Arrested for Allegedly Acting Within the United States as an Illegal Agent of the People’s Republic of China.

That Chinese national was identified as Ji Chaoqun, a 27 year old Chinese citizen who had been residing in Chicago was arrested by the FBI for allegedly acting as an illegal agent of the Chinese government.

The Criminal Complaint provided in the press release provides additional information, but this excerpt from the press release lays out the Justice Department’s allegations concerning Chaoqun:

Sep 26 12:34

Pompeo Slams EU Plan to Circumvent US Sanctions on Iran

On Monday night, EU officials unveiled a planned clearing house that would allow international companies, including all of Europe, Russia, and China, to continue trading with Iran while circumventing US banking sanctions.

Secretary of State Mike Pompeo said it was “deeply disappointing” to hear that the plan existed, and that he considers it an attempt to bolster Iran’s “ranking as the number one state sponsor of terror,” and counterproductive to US goals.

Not complying with US goals is very much the point. The US withdrew from the Iran nuclear deal, and has been trying to impose trading sanctions since then. All other nations remain in the nuclear deal, and are trying to save the deal by letting trade continue to flow.

Sep 26 11:46

China Makes Its Move at the U.N. General Assembly

The 2018 United Nations (U.N.) General Assembly has to make do without an appearance by Chinese Communist Party leader Xi Jinping, but there is a heavy Chinese presence at the event, which Beijing – and critics of the Trump administration’s foreign policy – see as a golden opportunity for China to assume the mantle of globalist champion and displace the United States as the world’s most influential nation.

Sep 26 11:09

China Blocks US Navy Warship From Port Call In Hong Kong

In an sharp deterioration of diplomatic ties, China has blocked a request for a U.S. warship to visit the post of Hong Kong, the U.S. consulate in the Chinese city said on Tuesday, amid rising tensions between Beijing and Washington over escalating tariffs and a U.S. decision to impose sanctions on China's military for engaging in military deals with Russia.

The ship, the Wasp Expeditionary Strike Group, is currently in the East China Sea, according to the WSJ which notes that Beijing's decision will affect hundreds of service members serving on board. The Wasp, which can support as many as 1,600 Marines and sailors, has been at sea since August. Its home port is in Sasebo, Japan. The amphibious assault ship Wasp was due to make a port call in the former British colony of Hong Kong in October, diplomatic sources said, however Beijing flatly denied the request.

Sep 26 08:01

China denies request for Hong Kong port call by American warship

The refusal follows exchange of trade tariffs and US sanctions on a Chinese defence ministry unit over purchase of Russian weapons

China has rejected a request for a US warship to make a port call in Hong Kong, the US consulate in Hong Kong said on Tuesday, amid rising tensions between the world’s two biggest economies.

“The Chinese government did not approve a request for a port visit to Hong Kong by the USS Wasp. We have a long track record of successful port visits to Hong Kong, and we expect that to continue,” the consulate said.

The amphibious assault ship had been due to stop in Hong Kong next month, The Wall Street Journal reported on Tuesday, citing unnamed US military officials.

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Sep 26 05:54

China, Russia and Iran Lead the Way Towards a New Multipolar World Order

Tensions Grow as China, Russia and Iran Lead the Way Towards a New Multipolar World Order

With the province of Idlib ever closer to being liberated from terrorists by the Syrian Arab Army (SAA), the tensions between the US and Syria (and Syria’s allies) are rising. Every significant military campaign by the SAA seems to be accompanied by the usual alarms and false reports emanating from the Western media and governments warning of an imminent (staged) use of chemical weapons by the SAA. Tensions are rising as several American voices, including that of the President, have expressed the desire to strike Syria over any alleged use of chemical weapons, without even waiting for any independent verification. Threats by the US, the UK and France to bomb Russian troops in Syria are voiced everyday on Western media. The insanity is reaching disturbing levels.

These developments in Syria appear to be accompanied by the persistent attempts of Ukraine and the United States to sabotage the Minsk agreements, re-igniting the conflict in order to blame it on Russia. The assassination of Aleksandr Zakharchenko, charismatic leader of the Donetsk People’s Republic (DPR), killed a few days ago in a terrorist attack, should be seen in this light.

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Sep 26 04:30

HERE’S HOW CHINA’S ‘SOCIAL CREDIT SCORE’ PUNISH AND REWARD CITIZENS, AND IT’S TERRIFYING

George Orwell’s 1984, Black Mirror S03E01, Psycho Pass, The Orville and many others have all theorised how technology can make our lives better… or worse.

Sep 25 10:18

Tensions Grow As China, Russia, And Iran Lead The Way Towards A New Multipolar World Order

Logic and reason seem to have been abandoned long ago in Washington’s decision-making, even more so given that Trump has completely renounced all his electoral promises regarding foreign policy. The rapprochement with Moscow is now a distant mirage; the special relationship between Xi Jinping and Trump is just the latter’s propaganda, anxious as he is to reach an agreement with the DPRK and show some example of success to his base.

The logic of imposing more than $200 billion in tariffs on Chinese products, and then asking for strong support from Beijing in mediation with Pyongyang, seems more like the moves of a desperate person rather than those of an amateur.

Sep 25 08:57

China-Japan Maritime Crisis Would Threaten "Belt and Road Initiative", PLA Warns

Kyodo News has published an internal document from China's People’s Liberation Army (PLA) that specified a military crisis at sea between China and Japan would severely threaten Beijing’s strategy of peaceful development and its "Belt and Road initiative" (BRI).

The internal report, authored by two military officials at the Naval Military Research Institute and Dalian Naval Academy, suggested the probability of a significant military crisis at sea between both countries is rapidly increasing due to disputes over the sovereignty of the Senkaku Islands, maritime demarcation in the East China Sea, and the development of marine resources in the region.

Sep 25 08:13

Bannon: We're at an economic war with China

Sep 25 07:30

CHINA "STRONGLY" URGES US TO HALT TAIWAN ARMS SALES AFTER $300 MILLION DEAL

Though it's hardly surprising, given President Trump's stridently anti-China rhetoric during the campaign, relations between the US and China have deteriorated to a dramatic degree since the beginning of 2018. And with the US and China trading threats following the US's decision to sanction a branch of the Chinese military for buying arms from Russia (as China threatened the US with unspecified "consequences" if it didn't undo its "mistake"), the US has thrown gasoline on the fire by moving ahead with a planned sale of F-16 fighter jets and other weaponry to Taiwan in defiance of China's warnings, per Reuters and Bloomberg.

The arms sale follows China's participation in joint military drills with Russia earlier this month, as well as drills in the Strait of Taiwan earlier this year that were intended to simulate an invasion.

Webmaster's Commentary: 

Apparently, President Trump has decided that only the most pig-headedly, ham-fistedly obvious and awkward moves on its behalf with regard to China will do.

And the problems here are, that the US government does not come at all from a position of strength in these negotiations; the US military does not have the money, the weaponry, the manufacturing or the troop strength to insure a positive outcome to a conventional war against China.

And yet, President Trump keeps pushing the Chinese leadership harder and harder when it comes to trade, with his sanctions, and supporting Taiwan with weapons and military exercises.

What concerns me here, is how quickly a trade war can morph into a shooting war, with very little notice.

Sep 25 02:59

China Leaves Door Open For Trade War Talks

China leaves door open for trade war talks but not with American ‘knife at its neck’

The door for renewed high-level trade talks between Beijing and Washington is still open but China will not agree to proceed with a “knife at its neck”, Wang Shouwen, the vice-minister of commerce who led the Chinese delegation to Washington for the last round of trade talks in August, said on Tuesday.

China has referred to US tariffs as a knife at its throat since the first levies were imposed in July. While Wang and seven other top officials briefing the media on Monday’s “white paper” did not say directly that the United States would have to remove all tariffs before any new trade talks, that condition seemed to be implied.

The white paper is the country’s most comprehensive statement of its trade war stance to date and came as new tit-for-tat tariffs came into effect.

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Sep 25 02:34

Document Lays Out China's Trade Stance

White paper warns US actions risk global economic woes

China published a white paper on Sino-US trade frictions on Monday, defending the legitimacy of its positions on trade and innovation practices while accusing the United States of trade bullying and intimidation.
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It said US President Donald Trump's administration has trumpeted his "America First" slogan since 2017 and has abandoned the fundamental norms of mutual respect and equal consultation that guide international relations.

Rather, it has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through trade measures such as imposing tariffs and attempting to impose its own interests on China through extreme pressure, according to the white paper.

China has been dealing with these differences by seeking common ground while shelving divergences. The US, however, has been contradicting itself and constantly challenging China, which caused serious damage to bilateral trade ties and poses a grave threat to the multilateral trading system>>>

Sep 25 02:13

US Ruining 'Big Picture' Of Bilateral Relations:: China Daily editorial

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Punitive tariffs may not be as damaging to Beijing as Washington believes, and the US will not escape unscathed, which could damage growth prospects across the broader world economy.

But that is not the moot point. That the issue is increasingly moving beyond trade is the real cause of concern, and that is where the real danger lies.

When a trade conflict spills over into other aspects of bilateral ties, the consequences become hard to predict. That's why signs of the accelerating drain on mutual goodwill deserve serious attention from both parties.

Although Washington has repeatedly named Beijing as a strategic competitor, US State Secretary Mike Pompeo's description of it as a greater threat to the US than Russia is hard to digest. So are his labeling of Beijing as a "non-transparent government", and his allegation of "awful abuses" of religious groups>>>

Sep 24 13:54

China Vows Not To Negotiate Under Threat, As Trump Teases "Major Broadside" Against Beijing

Investors had managed to cling on to optimism that the 'trade skirmish' between the US and China would reach a swift conclusion - and that the US would ultimately be better off, as China would be forced to curtail practices like its IP theft from US companies.

But as downbeat markets observed on Monday morning, hope of a harmonious resolution died when Beijing cancelled plans to send two delegations to Washington. The delegates would have engaged in the fifth round of talks since the trade conflict - war, whatever you want to call it - began earlier this year.

Sep 24 12:23

ensions Grow as China, Russia and Iran Lead the Way Towards a New Multipolar World Order

Military and economic tensions are increasing due to the ramped up warlike stance of the US establishment. The impossibility of halting the shifting world order in favour of prolonging the unipolar moment has left the US deep state reaching for any available weapon at hand, taking no heed of the dangers and consequences of such a reckless foreign policy.

Sep 24 06:02

All US imports from China could be hit with tariffs – Goldman

There is a strong possibility that US President Donald Trump will impose tariffs on all goods coming into America from China, says investment bank Goldman Sachs.

“Following President Trump's threat of further escalation, we now think the probability that all imports from China will ultimately be subject to tariffs has risen to 60 percent,” the bank's analysts wrote in a research note, quoted by media.

Sep 23 08:39

Venezuela crisis: Chinese hospital ship docks for a week

A Chinese hospital ship has docked in Venezuela, where for the next week it will provide free health care to local patients.

Venezuela's Defence Minister Vladimir Padrino López, went to the port of La Guaira to welcome the Chinese crew.

He said that the Peace Ark's visit was agreed by President Nicolás Maduro during a visit to Beijing last week.

Venezuela agreed at the time to increase its exports of oil to China, which is one of its main creditors.

Sep 22 11:22

A Path To War? China Cancels US Trade Talks As 'Skirmish' Escalates

After President Trump slapped a fresh round of tariffs on Chinese goods, targeting 10 percent duties on $200 billion of goods; the two camps were scheduled to meet in order to dial back tensions. As we noted earlier in the week, China had 'downgraded' the team with a mid-level delegation from China due to travel to the U.S. capital to pave the way for Vice Premier Liu’s visit.

Sep 22 10:52

“TOTAL INDIGNATION” China Responds To Fresh US Embargo For Russia Friendship

Beijing is extremely outraged by the actions of the United States, which imposed restrictive measures against China because of military-technical cooperation with Russia.

This was stated by the official representative of the Ministry of Foreign Affairs of the People’s Republic of China, Geng Shuang

According to the diplomat, China has already made a sharp introduction to Washington and demands immediate lifting of restrictions.

Sep 22 10:26

China cancels its top navy officer's visit to US over anti-Russia sanctions

China has canceled the planned visit of its Navy commander to the US in response to the sanctions imposed by Washington against Beijing over its military cooperation with Russia, the Chinese Defense Ministry said.
On Thursday, the US State Department imposed sanctions against Beijing’s defense procurement agency, the Equipment Development Department (EED), for its “significant transactions” with Russian arms exporter, Rosoboronexport. The restrictions were triggered by two major arms deals agreed between Beijing and Moscow – a 2017 agreement for 10 Su-35 fighter aircraft, and a 2018 deal to supply the S-400 air defense systems.

Sep 22 10:09

China to become world’s largest country of organ transplants in 2020

Huang Jiefu, Director of China National Organ Donation and Transplantation Committee said that in 2020 china is expected to have the most organ transplant surgeries in the world.

Sep 22 09:46

GOOGLE SUPPRESSES MEMO REVEALING PLANS TO CLOSELY TRACK SEARCH USERS IN CHINA

GOOGLE BOSSES HAVE forced employees to delete a confidential memo circulating inside the company that revealed explosive details about a plan to launch a censored search engine in China, The Intercept has learned.
The memo, authored by a Google engineer who was asked to work on the project, disclosed that the search system, codenamed Dragonfly, would require users to log in to perform searches, track their location — and share the resulting history with a Chinese partner who would have “unilateral access” to the data.

The memo was shared earlier this month among a group of Google employees who have been organizing internal protests over the censored search system, which has been designed to remove content that China’s authoritarian Communist Party regime views as sensitive, such as information about democracy, human rights, and peaceful protest.

Webmaster's Commentary: 

How Google does this here in the US is, for the moment, far more subtle, by using a combination of algorithms which can get a blog pushed so far down in search results, that it becomes deplatformed.

Couple that with a monetary service which used to take contributions for various blogs, like Pay Pal, but suddenly refuses to do so, and you have a website devoid of both viewers and operational cash.

Sep 22 09:36

CHINA THREATENS US WITH "CONSEQUENCES" IF IT DOES NOT "IMMEDIATELY" REVOKE SANCTIONS OVER RUSSIAN WEAPONS DEAL

Just hours after Beijing called off trade talks with the US in the biggest escalation of the trade feud between the two nations, the war of words between China and the US ratcheted up on Saturday, when Beijing lashed out again at Washington, saying that China’s decision to buy fighter jets and missile systems from Russia is "a normal act of cooperation between sovereign countries" and the United States has "no right to interfere", defense ministry spokesman Wu Qian said on Saturday.

"The U.S. approach is a blatant violation of the basic norms of international relations, a full manifestation of hegemony, and a serious breach of the relations between the two countries and their two militaries," Wu said in a notice posted on the Chinese defense ministry’s official Wechat account according to Reuters.

He also warned that the US would face "consequences" if it did not immediately revoke the sanctions.

Webmaster's Commentary: 

President Trump, a word, please; I understand that even the most elemental study of history bores you to tears, but I would like you to consider the following dark, brutal reality: those individuals who do not understand history, are doomed to repeat it.

I would like to suggest that you take a look at the economic realities in both Germany and Japan before the advent of World War II, where ultimately trade wars became shooting wars.

Even the cabal of warhawks with which you have managed to surround yourself, to the utter and complete detriment and contempt of any efforts toward peaceful resolutions of geopolitical issues, cannot possibly be so ham-fistedly, pig-headedly stupid as to desire war with China and Russia at this moment in our military's history.

And I say this, because at this point in its history, our Military does not have the weaponry; the troop strength; the manufacturing, or the money to ensure a positive outcome to a conventional war with either, or both countries.

Which means mushroom clouds, Mr. President.

Sep 21 11:25

‘Freedom of navigation isn’t a freedom to invade & infringe upon sovereignty’ – China’s UK envoy

Beijing “cherishes” the freedom of navigation principle but will not remain idle as Western powers use it as a pretext to show off their “military might” and “create trouble” in the South China Sea, China’s UK ambassador has said.

“Some big countries outside the region did not seem to appreciate the peace and tranquility in the South China Sea. They sent warships and aircraft all the way to the South China Sea to create trouble,” Ambassador Liu Xiaoming told the annual Induction Programme for Commonwealth Diplomats, held in London.

Sep 21 10:07

US slaps Chinese arms procurer with sanctions for buying advanced Russian weapons

US Secretary of State Mike Pompeo has authorized the addition of 33 Russian defense and intelligence officials and entities to the ever-growing US sanctions list and also targeted a Chinese military entity for buying Russian arms.

The Countering America's Adversaries Through Sanctions Act (CAATSA) of 2017 instructs the US administration powers to target Russia, Iran and North Korea with various sanctions and restricts them from lifting previously imposed sanctions without congressional approval. Anyone dealing with those on the sanctions list faces at least a warning from the US as well.

In addition to extending the Russian blacklist to 72 entries, Washington has also targeted a Chinese military unit over the purchase of advanced Russian Su-35 fighter jets and S-400 surface-to-air missiles.

Sep 21 09:42

This may well be the most serious espionage transgression in modern American history.

Imagine if it emerged that the Republican chairman of the House or Senate intelligence committee had a Russian spy working on their staff. Think it would cause a political firestorm? Well, this month we learned that Sen. Dianne Feinstein (D-Calif.) had a Chinese spy on her staff who worked for her for about 20 years, was listed as an “office director” on payroll records and served as her driver when she was in San Francisco, all while reporting to China’s Ministry of State Security through China’s San Francisco Consulate. The reaction of the mainstream media? Barely a peep.

Sep 21 08:12

China on the Brink?

Sep 21 07:49

CHINA’S CHILLING ‘SOCIAL CREDIT SYSTEM’ IS STRAIGHT OUT OF DYSTOPIAN SCI-FI, AND IT’S ALREADY SWITCHED ON

China’s “Social Credit System” – which is expected to be fully operational by 2020 – doesn’t just monitor the nation’s almost 1.4 billion citizens. It’s also designed to control and coerce them, in a gigantic social engineering experiment that some have called the “gamification of trust”.

Sep 21 07:30

GOOGLE'S EX-CEO ERIC SCHMIDT SAYS THE INTERNET WILL SPLIT IN TWO BY 2028

Ex-Google CEO Eric Schmidt on Wednesday predicted that the internet will split in two in the next decade, CNBC reports. Speaking at a private event in San Francisco, Schmidt said that he believes China will effectively split away and create its own internet.

Sep 20 14:59

US Sends Ships to South China Sea ‘to Create Trouble’ - Chinese Envoy

China’s chief envoy in London accused “some big countries outside the region” of coming “all the way to the South China Sea to create trouble,” where China claims large expanses of sea and atolls.

Ambassador of China to the United Kingdom Liu Xiaoming told the annual Induction Programme for Commonwealth Diplomats organised by the Commonwealth Secretariat Wednesday that regional powers had made major strides toward resolving tensions in the South China Sea by themselves.

Webmaster's Commentary: 

Without naming names, this was a pretty conspicuous hit at the US government.

Sep 20 12:09

US Places 33 Alleged Russian Spies And Military Officials On Sanctions Blacklist

Secretary of State Mike Pompeo has authorized the addition of 33 alleged Russian spies, defense and intelligence officials to the US sanctions list. The blacklisting took place following an executive order from President Trump authorizing Steven Mnuchin, in consultation with Pompeo, to employ all powers granted to the President "by IEEPA and certain CATSAA sections" for implementation of certain sanctions with respect to Russia.

A White House official said the new measures were aimed at "imposing costs on Russia in response to its malign activities."

Washington has also imposed new sanctions on a Chinese military unit over the purchase of Russian jets and missiles.The Chinese sanctions are to come into effect immediately.

Webmaster's Commentary: 

The only thing these sanctions seem to have actually accomplished, is to strengthen the position of the ruble, and made it more self sufficient, and more attractive to investors.

One could almost say that this practice has rather backfired for DC in a spectacular manner.

Sep 20 11:18

China, Pakistan look to strengthen bilateral military ties

China and Pakistan have expressed their intention to strengthen bilateral military ties.

“The two countries? militaries should further deepen exchanges and co-operation in various fields and at all levels, take resolute measures against terrorist forces, make efforts to ensure the security of the China-Pakistan Economic Corridor [CPEC] construction, and serve as a reliable safeguard for the common interests and common development of the two countries,” Chinese President Xi Jinping was quoted by the Xinhua news agency during a meeting in Beijing with Pakistan’s Chief of Army Staff (COAS), General Qamar Javed Bajwa on 19 September.

Sep 20 11:12

Students swipe faces to pay for meals in high school canteen

A high school has launched a futuristic facial recognition system to allow students and staff to pay for their meals by scanning their faces.

The , captured in the high school attached to Northwest Normal University on September 3, shows students lining up to scan their faces with a facial recognition machine to pay for their meals.

According to reports, students and teachers have their campus cards connected with the facial recognition system.

This canteen is the first to use the 'face-scanning payment' in Gansu Province and it only takes one second to perform the whole process.

Sep 20 10:41

US puts 33 Russian intel, military officials on sanctions blacklist

US Secretary of State Mike Pompeo has authorized the addition of 33 Russian defense and intelligence officials to the US sanctions list.

Washington has also imposed new sanctions on a Chinese military unit over the purchase of Russian jets and missiles. The Chinese sanctions are to come into effect immediately.

Sep 20 09:26

China denies meddling in US mid-term elections

Beijing doesn’t interfere in other nations’ internal affairs, the Chinese Foreign Ministry spokesperson said, rebuffing President Donald Trump’s earlier tweet accusing China of meddling in US elections.

The spokesperson, Geng Shuang, voiced China’s position while talking to reporters on Wednesday.

A day earlier, Trump wrote on Twitter that China is “actively trying to impact and change” the election “by attacking our farmers, ranchers and industrial workers because of their loyalty to me.”

Webmaster's Commentary: 

Trump is losing it. He has fallen into the same bad habit of blaming others for the failings of our own government. He had a chance to fix our election system so it could not be tampered with and he dropped the ball!

Sep 19 14:21

Trump's Tariffs Will Cost More Than Obamacare's Taxes

We're not there yet, but President Donald Trump's escalating trade war with China is threatening to completely cancel out the economic benefits of last year's tax cuts—cuts that the president and his supporters have often credited for the growing economy.

Put another way, the potential costs of Trump's trade war could be even more difficult for the president to swallow. The import taxes imposed by the Trump administration will end up being a larger burden for the economy next year than all the taxes associated with the Affordable Care Act—a law that Trump has often described as "a disaster" for Americans.

While Trump has described tariffs as being "the greatest" and promised that his bellicose trade policies will ultimately benefit American workers and the economy, these two new assessments of the costs of those policies should raise questions among Republicans, who largely favored the tax cuts and opposed the new taxes created by Obamacare.

Sep 19 10:00

Japan Sends China A Message With Submarine War Drill In South China Sea

New information is surfacing about a Japanese submarine military exercise in the South China Sea. The Maritime Self-Defense Force (MSDF) said in a rare statement on Monday that one submarine and three other vessels performed aggressive maneuvers to deter China's militarization of the region.

"Japan has been performing submarine exercises in the South China Sea since 15 years ago. We did so last year and the year before that," Prime Minister Shinzo Abe said on a TV program on Monday. "The purpose of the Self-Defense Force drills is to improve their skill. It is not intended for specific countries."

According to the Nikkei Asian Review, this is the first public announcement that the MSDF revealed military exercises by a submarine in the region. Last Thursday, the Hiroshima-based submarine Kuroshio joined helicopter carrier Kaga and two other missile destroyers for maneuvers.

Sep 19 09:58

Trade War Amplifies: China Sets Tariffs On $60 Billion Worth Of US Goods

In retaliation for tariffs leveled on China, the Communist government has returned the favor, and set tariffs on $60 billion worth of goods imported from the United States. It only took mere hours for China to respond to the announcement that the US would place tariffs on $200 billion in Chinese goods.

If the U.S. continues to raise its tariffs, China will respond in kind, according to a report by NPR. This current ramp up in the trade war sets the stage for yet another set of tariffs and sky-high tensions between the US and China. On Monday, president Donald Trump also threatened to add levies on about $267 billion of additional imports if China retaliated.

When announcing the tariffs against China on Monday, Trump said China’s trade practices, such as forcing U.S. companies to transfer technology to Chinese firms, “plainly constitute a grave threat to the long-term health and prosperity of the United States economy.”

Sep 19 09:47

China Cuts U.S. Treasury Holdings as Trade War Intensifies

China’s holdings of U.S. Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up.

China’s ownership of U.S. bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department on Tuesday. Japan, the largest foreign investor in Treasuries after China, increased its holdings, as did Saudi Arabia, Taiwan, Singapore and France.

The first salvos in the U.S.-China trade conflict were fired on July 6, when the Trump administration activated tariffs on $34 billion of Chinese goods, which sparked immediate in-kind retaliation from Beijing. The escalation caused the yuan to drop roughly 2 percent in July, suggesting that the Asian nation shed U.S. bonds as a way to sell dollars and support its currency, according to NatWest Markets.

Sep 19 07:25

Venezuela to significantly increase oil exports to China

Venezuelan President Nicolas Maduro said additional Chinese investment will help boost oil production and exports.

Venezuela will increase its oil exports to China to one million barrels a day, President Nicolas Maduro has said, following a visit to Beijing.

Already a strong economic partner, China had agreed to invest an additional $5bn in Venezuela, Maduro said on Tuesday, adding that the investment would help it boost production and nearly double its oil exports to China.

"We are taking the first steps into a new economic era," he said, as cited by AP news agency. "We are on track to have a new economy, and the agreements with China will strengthen it."

>>>

Sep 19 06:51

China To Take Over Israel's Largest Port

Sep 19 06:05

Black Mirror is almost a reality: China says it's on track to launch its dystopian scorecard system that ranks citizens on every aspect of their behaviour by 2020

Completing community service and buying Chinese products is thought to improve your social standing, which is given as a score out of 800.

Those rated 'top citizens' get VIP treatment at airports, discounted loans, waived deposits on hotel and car rentals and fast-tracking to elite universities.

Fraud, tax evasion and smoking in non-smoking areas can drop your ranking, as well as buying items in supermarkets that the government doesn't approve of - such as alcohol or video games.

Those with a low social score are barred from the best jobs, cut off from high-speed internet and even blocked from sending their children to top schools.

Sep 19 05:20

China won’t weaken currency to help exporters amid US trade war, Premier Li Keqiang says

Comments to World Economic Forum in Tianjin are implicit rejection of Donald Trump’s claim that Beijing has been manipulating its currency

China has no intention of weakening its currency to help exporters and will not engage in any form of “competitive devaluation” of its exchange rate, Chinese Premier Li Keqiang said on Wednesday, a day after the latest tit-for-tat measures in the US trade war.

Li told the World Economic Forum in Tianjin that Beijing had not manipulated the exchange rate of yuan to cope with trade tensions, rejecting speculation that the Chinese government deliberately engineered the 8 per cent depreciation of the yuan seen since March to offset the effects of US tariffs on Chinese imports.

“Some people think China deliberately [devalued the yuan]; this is groundless,” Li said, in an indirect response to US President Donald Trump’s allegations that Beijing is manipulating its currency.

>>>

Sep 19 05:09

NATO's 5,000 warplanes ready to bomb Russia, Chinese media say

The United States of America is used to exercising control over the Russian Federation in cooperation with Europe. However, EU countries have had a plethora of problems lately, and the US will have to count on its own forces in the event of an open military confrontation with Russia. A recent article published on Chinese publication Jinri Toutiao said that the Russian government is confident and correct in its actions. The Kremlin does not even think to obey Washington, nor does it follow the path of aggression. Russia acts solely in its own interests and in the interests of national security, the Chinese publication said. However, the United States follows a completely different path of behaviour. The number of NATO bases in countries of Eastern Europe, such as Poland or the Baltic States, has been growing during the recent years. According to official data, there are several thousands of NATO soldiers and more than 100 tanks in Eastern European countries.

Sep 19 03:17

Asian Equities Extend Gains as Markets Recover from Trade War Fears

***
Beijing announced?on Tuesday retaliatory tariffs that targeted?more than 5,000 U.S. products worth $60 billion. The new tariffs would take effect on Sep 24, China’s Ministry of Finance said in a statement. The country’s commerce ministry also filed a complaint to the World Trade Organization (WTO) against the U.S., according to reports.?

The announcement seemed to have little impact on Asian stocks however, as major indices including Shanghai Composite and the Nikkei 225 jumped more than 1.5% in afternoon trade.

Markets also took comfort from the fact that the new U.S. tariffs were set at 10% for now rather than the previous expected 25% tariffs, according to analysts.

>>>

Sep 18 12:16

Britain Joins US In Unwise Confrontation In The South China Sea

The US research agency Stratfor has forecast that “the United States will solidify its naval presence in the South China Sea and continue building up defence and economic ties along China's periphery from Taiwan to Southeast Asia,” and given the all-embracing belligerence that seems to envelope Washington, its analysts are probably right. There are few countries or international accords that are not targeted by the malevolence of a president who declared at his inauguration that “it’s going to be only America first, America first” and whose disciples applaud his erratic lurches from truculent insults to maudlin self-pity.

Sep 18 10:27

US Firms In China Say Trump Tariffs Will Hurt Them , Not Make Them Move Home

American Chamber of Commerce reports ‘strong negative impact’ on its member companies and says only 6 per cent would consider moving to US

US President Donald Trump’s decision to impose tariffs on US$200 billion worth of Chinese products will “cause suffering” for US businesses in China and fail to persuade them to relocate to the United States, the trade group representing the interests of US businesses in China has said.

The group also said about half of the US firms in China were worried about a “strong negative impact” on their operations from an escalated trade war.
***
According to AmCham, however, more than half of US firms said they “have experienced a rise in non-tariff barriers [in China] in recent months”, including increased inspections and slower customs clearance.

AmCham said “the best way forward is an imminent return to results-oriented negotiations” between Beijing and Washington

>>>

Sep 18 10:10

USA Market VS China Market past 6 months

Sep 18 10:03

US-China trade war heats up as Beijing hits back at US President Donald Trump’s new tariffs

China has hit back at fresh US tariffs on Chinese goods, announcing its own additional duties on US$60 billion worth of American imports as the trade war escalates between the world’s two biggest economies.

The new tariffs – of 5 per cent and 10 per cent – will come into effect on September 24, the same day as the US’ new duties, the Chinese Ministry of Finance said in a statement on Tuesday.

Beijing’s retaliation came after US President Donald Trump announced that the US will start to charge 10 per cent tariffs on US$200 billion worth of Chinese products from next Monday, significantly widening the scope of a trade war. These tariffs will then rise to 25 per cent on January 1.

>>>

Sep 18 09:40

TRUMP COMMITS TO ENDLESS WAR

Tags: AFGHANISTAN AFRICA ASIA CHINA IRAN IRAQ KOREA MIDDLE EAST SOUTH AMERICA SYRIA (*VS.) WHITE HOUSE

Sep 18 08:09

Jack Ma Warns US-China Trade War "Could Last For 20 Years"

This is not what the market wants to hear right now.

Hours after China's Foreign Ministry said it would unveil its retaliation to the impending 10% US tariffs on $200 billion of Chinese goods "at an appropriate time" - a "measured" response that, because it wasn't "the worst scenario that some analysts had expected", helped push global markets higher, China's wealthiest - and recently retired - man warned that the US-China trade spat is far from over.

Alibaba founder - who surprised the market earlier this month when he announced his resignation as CEO - Jack Ma said that what we're seeing now is merely the beginning of a conflict for global economic dominance that could persist "for 20 years" even after the US administration that instigated it has been consigned to the history books, Bloomberg reports.

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