The mere mention of shadow banking was always going to conjure images of dimly-lit rooms and shady deals, evoking Hollywood’s film noir genre. In reality, of course, those two words are probably enough for the mandarins in the rarefied atmosphere at the People’s Bank of China to break out in a collective cold sweat. With […]
China’s $3B Tariffs on U.S. Imports – Pork, Scrap Aluminum, Wine and Fruits…
In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S. According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%. It should be emphasized […]
Alibaba and Ford Open China’s First Car Vending Machine…
China’s Alibaba wasn’t the first company to create a car vending machine – that honor belongs to a Singaporean entrepreneur who transformed Singapore’s Autobahn building into what appears to be a giant PEZ dispenser stocked with luxury cars. But after months of planning, Alibaba’s T-Mall (in partnership with Ford) has opened the country’s first car […]
China Sends Massive Navy for South China Sea War Games…
Kim Jong-un Reaffirms Commitment to Denuclearization in First Summit with China’s Xi Jinping…
North Korean leader Kim Jong-un has visited China at the invitation of President Xi Jinping and reaffirmed his commitment to denuclearization during their first summit, the two countries’ media said Wednesday. The North’s leader made an “unofficial” visit to China from Sunday to Wednesday, accompanied by his wife Ri Sol-ju and key officials, including de […]
FCC Wants Chinese Tech Out of U.S. Phones, Routers…
U.S. officials are discouraging U.S. telephone and internet companies from purchasing Chinese technology that could be used for surveillance, Federal Communications Commissioner Ajit Pai announced Monday. “Threats to national security posed by certain communications equipment providers are a matter of bipartisan concern,” Pai said. “Hidden ‘back doors’ to our networks in routers, switches — and […]
Yes, a Chinese Space Station Is About to Plummet to Earth…
Sometime between Thursday and the middle of next week, the Chinese space station known as Tiangong-1 is expected to fall out of the sky. Most of the 18,740-pound space lab likely will burn up in the atmosphere, experts said. But not all of it. Between 10% and 40% of the station’s mass probably will land […]
Will the Putin-Xi Era Supersede the Western Liberal (Dis)order?…
The Chinese constitutional amendment allowing Xi Jinping the possibility of further presidential terms — staying in power long enough to bring “national rejuvenation” combined with the Russian election re-confirming Vladimir Putin in the presidency have assured consistency and continuity for the Russia-China strategic partnership way into the next decade. This will facilitate the interaction between […]
‘PetroYuan’ Futures Launch with a Bang, Volume Dominates Brent As Big Traders Step In…
As we detailed previously, China’s yuan-denominated crude oil futures launched overnight in Shanghai with 62,500 contracts traded in aggregate, meaning over 62 million barrels of oil changed hands for a notional volume around 27 billion yuan (over $4 billion). As OilPrice.com’s Tsvetana Paraskova notes, Glencore, Trafigura, and Freepoint Commodities were among the first to buy […]
Death of U.S. Dollar? China Launches ‘PetroYuan’ to Challenge Greenback’s Dominance…
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