Posted by seumasach on September 20, 2015
“The Chinese Communist Party, the biggest communist party in the world and , in my opinion, one of the best.”
Father Ted Crilly
“Recent volatility should not and will not put us off. It should drive us forward, so that we integrate China’s new financial markets with our own so they are deeper and better able to absorb shocks.”
George Osborne
This must be the most neglected and most surprising aspect of this Tory government’s policy. Not only have they signed a Comprehensive Strategic Partnership with China, begun to issue UK government bonds in Yuan and broken ranks with the USA in becoming the first Western country to sign up for the AIIB: they are now also about to “integrate our financial markets” with those of China (completely mind-boggling!). Since the nature of China’s financial system, with its orientation to productive imvestment, is the complete opposite of our own this can only be seen as a totally revolutionary step: something which chimes in with Corbyn’s proposal for a National Investment Bank. But while Corbyn comes across as an unreconstructed Bennite, Osborne is more a born again follower of Deng Xaoping. The left are now taking control of both major parties in Britain! Watch out for a wave of interest in things Chinese and a politically-correct campaign against Chinaphobes.
Guardian
19th September, 2015
The United Kingdom must strive to become China’s “best partner in the west” by forging ever closer economic ties that will bring benefits to all parts of the country, George Osborne has said.
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Posted in British economy | Tagged: China-UK comprehensive strategic partnership, Chinese soft power, Deng Xaoping, UK-China strategic partnership | Leave a Comment »
Posted by seumasach on September 19, 2015
The US and China Just Made a Deal To Build High-Speed Rail Between LA and Vegas
Gizmodo
17th September, 2015
Americans could one day soon cruise between two major cities in the western US on a mega-fast train at 150 mph, thanks to a new agreement between a private US venture and a consortium led by China Railway Group.
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Posted in Multipolar world | Tagged: “major-country relationship” between China and the United States, strategic partnership between US and China | Leave a Comment »
Posted by seumasach on September 15, 2015
Voltairenet
15th August, 2015
Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in Latin America, in Santiago de Chile, agreed during Prime Minister, Li Keqiang’s visit, is bound to attract a number of technological investments which could drive peripheral industrialization and decrease the dollar’s dominance in Southern Cone countries.
Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on September 15, 2015
Sputnik
13th September, 2015
Several key German politicians have urged for close cooperation with the Russian president in solving the ongoing military conflict in Syria, saying it can’t be resolved without Russia’s support.
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Posted in Battle for Europe, Syria | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on September 15, 2015
M.K.Bhadrakumar
Indian Punchline
13th September, 2015
The endgame in Ukraine appears to be struggling to be born. The German account of the meeting of the foreign ministers of the ‘Normandy Format’, which took place in Berlin on Saturday, struck a positive note. ‘Significant progress’; ‘less confrontational’; ‘made headway in some critical things’; ‘very close’; ‘now needs to be further consolidated and secured’ – the expressions used by the German Foreign Minister Frank-Walter Steinmeier in his media briefing were meaningful. (RFERL).
Posted in Global peace process, Ukraine War | Tagged: Obama's realist turn, Russian diplomacy | Leave a Comment »
Posted by seumasach on September 15, 2015
Whose “hidden agenda” is the crux of the matter. Probably not Obama’s but other elements inside and outside of his administration.
M.K.Bhadrakumar
Indian Punchline
13th September, 2015
The Syrian refugee problem was maturing slowly steadily and would have provided the perfect pretext for a US-led ‘humanitarian intervention’ in that country. But Russia is there first and the best-laid American plan may have gone awry.
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Posted in Syria | Tagged: Obama's realist turn, Russian diplomacy | Leave a Comment »
Posted by seumasach on September 15, 2015
US Gold Reserves Bottom Out as Europe’s Banks Seek Financial Independence
Sputnik
14th September, 2015
European Central banks keep demanding the return of their gold bullion from the vaults of the Federal Reserve Bank of New York, reducing the gold stockpile kept under the streets of Manhattan to its lowest level in decades; economist Lew Rockwell is convinced that the move is an indication that Europe is desperately striving for independence.
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Posted in Battle for Europe | Tagged: dollar collapse, gold repatriation | Leave a Comment »
Posted by seumasach on September 15, 2015
SYRIA: GERMANY LEAVING THE RANKS OF THE US-ALLIANCE AGAINST RUSSIA
South Front
13th September, 2015
In a surprise move Germany left the anti-Putin-alliance formed by the USA: Germany is now officially welcoming Moscow’s readiness to act in Syria and is starting an initiative together with the Russians and the French to bring an end to the war. This is to stop the constant stream of refugees. Germany has ordered thousands of soldiers into readiness.
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Posted in Battle for Europe, Syria | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on September 12, 2015
“Airports, subways, bridges, railways and water projects are among the approved projects by authorities since May, according to Mizuho. Provincial efforts include Shandong’s announcement it will buy small and medium-sized residential properties and convert them into public rental homes.”
The above quote illustrates how different the Chinese system is. They may be propping up the stock market to keep their middle class afloat but the pattern is the extension of credit to develop the real economy following Deng Xiao Ping’s dictum that whatever you do never lose control of the credit system. If only we in the West could do the same thing, renewing our creaking infrastructure and turning empty homes into council houses. Perhaps Jeremy Corbyn has something of the like in mind?
See also: Let’s build a strategic partnership with China
Bloomberg
10th September, 2015
When Premier Li Keqiang took the stage Thursday at the World Economic Forum’s “Summer Davos” meeting in Dalian, he told business leaders that although China faces challenges, growth is on track and fundamentals remain sound.
The upbeat message is all part of a ‘New Normal’ narrative from China’s leadership as the economy transitions from relying on heavy industry and debt to one driven by consumption and services. What Li didn’t mention was the spiraling bill associated with keeping the economy on course to hit the Communist Party’s growth target of about 7 percent for this year.
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Posted in Multipolar world | Tagged: Chinese soft power | Leave a Comment »
Posted by seumasach on September 12, 2015
Launch Of Renminbi-Denominated Oil Futures Contract Imminent
Zero Hedge
11th September, 2015
Whenever one talks about the death of the petrodollar, the unspoken question lurking just beneath the surface is this: is the rise of the petroyuan just around the corner?
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Posted in Currency Wars, Multipolar world | Tagged: Chinese soft power, end of petrodollar, petroyuan | Leave a Comment »
Posted by seumasach on September 8, 2015
Russia’s Policy of Peace Should Serve as Framework for West
Sputnik
8th September, 2015
The West should lift all anti-Russian sanctions and support Moscow which could prevent a large-scale conflict in the Middle East, according to an article in Obserwator Polityczny.
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Posted in Global peace process, Syria | Tagged: Russian diplomacy | Leave a Comment »
In These New Times 