Posted by seumasach on February 27, 2014
27th February, 2014
China’s top newspaper criticised the West on Thursday for remaining locked in a “cold war mentality” against Russia in the contest for influence over Ukraine, calling for the shackles of such outmoded thinking to be cast off to deal with the crisis.
Posted in New Cold War | Tagged: Chinese soft power, coup d'état in Ukraine | Leave a Comment »
Posted by seumasach on February 21, 2014
This looks like a good moment to curb CIA activities in Ukraine and Venezuela
20th February, 2014
In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global tradethan anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost. As a major exporting nation, China ends up with gigantic piles of our dollars. They lend many of those dollars back to us at ridiculously low interest rates. At this point, China owns more of our national debt than any other country does. But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly. Demand for the U.S. dollar would fall and prices would go up. And interest rates on our debt and everything else in our financial system would go up to crippling levels. So it is absolutely critical to our financial future that China continues to play our game.
Posted in Currency Wars | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on February 17, 2014
8th February, 2014
The United States has been quite vocal about its “pivot to Asia,” but as Washington seeks to further its influence in the Asia-Pacific, China has been quietly upping its own importance to Central and Latin America. Now China is making a push to further its engagement with countries in the Western Hemisphere, as evidenced by the announcement of a new dialogue mechanism. The Community of Latin American and Caribbean States (CELAC), which met in Cuba from January 28 to 29, adopted a statement announcing the establishment of a China-CELAC Forum.
Posted in Multipolar world | Tagged: BRICS(Brazil-Russia-India-China-South Africa), China-CELAC Forum, Chinese soft power, End of empire, The Community of Latin American and Caribbean States (CELAC) | Leave a Comment »
Posted by seumasach on December 18, 2013
18th December, 2013
Russia may have made its most significant foreign-policy gain in the entire post-cold war era when the Kremlin decisively moved in on Tuesday to offer a rescue package for the beleagured Ukrainian economy and may have taken a leap forward in leading that country into the Eurasian Union, which Moscow is planning as the umbrella organization bringing together the former Soviet republics.
Posted in Uncategorized | Tagged: Chinese soft power, End of Nato, Russian diplomacy, the Eurasian Union | Leave a Comment »
Posted by seumasach on November 24, 2013
21st November, 2013
The People’s Bank of China said the country does not benefit any more from increases in its foreign-currency holdings, adding to signs policy makers will rein in dollar purchases that limit the yuan’s appreciation.
Posted in Financial crisis | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Posted by seumasach on November 7, 2013
6th November, 2013
(Beijing) – Canada’s western province of British Columbia said on November 5 it had completed the issuance of one-year offshore yuan-denominated bonds and raised 2.5 billion yuan.
This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.
Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, yuan-denominated bonds | Leave a Comment »
Posted by seumasach on November 3, 2013
3rd November, 2013
London, Asharq Al-Awsat—Iran and China will reach an agreement to unblock up to EUR 22 billion of Iranian assets, mainly from oil export revenues, as a result of Iranian parliamentary speaker Ali Larijani’s high-profile visit to China last week, Iranian media are reporting.
Posted in Iran, Multipolar world | Tagged: China-Iran Cooperation, Chinese soft power, No sanctions against Iran! | Leave a Comment »
Posted by seumasach on October 28, 2013
“The House of Saud also knows very well it is the solid anchor that keeps OPEC tied to the petrodollar system. Without Saudi Arabia the petrodollar is history.”
23rd October, 2013
Upset at president Barack Obama’s policies on Iran and Syria, members of Saudi Arabia’s ruling family are threatening a rift with the US that could take the alliance between Washington and the kingdom to its lowest point in years.
Posted in Multipolar world | Tagged: Chinese soft power, dollar collapse, saud | Leave a Comment »
Posted by seumasach on October 14, 2013
13th October, 2013
BEIJING, Oct. 13 (Xinhua) — As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.
Posted in Financial crisis, Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on August 8, 2013
7th August, 2013
No tanks, no bullets, no boots on the ground, but a mix of money (a lot of money) and engineers. China and its companies are betting on geopolitical corridors to expand their international clout and business opportunities. Though it is grappling with a creeping economic slowdown, the government in Beijing seems to be keen to fund a string of new, innovative transport arteries around the world.
Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »