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.
Posts Tagged ‘Chinese soft power’
PBOC says no longer in China’s interest to increase reserves
Posted by seumasach on November 24, 2013
Posted in Financial crisis | Tagged: Chinese soft power, dollar collapse | Leave a Comment »
Canadian province issues offshore Yuan-denominated bonds
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 »
Iran negotiating with China to unblock EUR 22 billion of assets
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 »
Chinese gain in US-Saudi slump
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 »
U.S. fiscal failure warrants a de-Americanized world
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 »
China converting US debt to gold
Posted by seumasach on August 20, 2013
Posted in Financial crisis, Multipolar world | Tagged: Chinese soft power, dollar collapse, gold-backed yuan, new financial architecture | Leave a Comment »
China bets big on new global links
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 »
Pipelineistan and the New Silk Road(s)
Posted by seumasach on June 3, 2013
Pepe Escobar
31st May, 2013
This is a version of a paper presented this week at the annual conference of the Middle East Institute at the National University of Singapore.
SINGAPORE – Ask Western elites – oh, those were the days, in the 17th century, when the rise of European sea powers led to the collapse of the caravan trade and the end of the Silk Road as Europe found a cheaper – and safer – way of trading between East and West.
Posted in Multipolar world | Tagged: Chinese soft power, New Silk Road, the Eurasian Union | Leave a Comment »
Australia to buy Chinese bonds
Posted by seumasach on April 24, 2013
Reserve Bank to buy Chinese bonds for reserves
25th April, 2013
Australia’s central bank is gearing up to invest a slice of its foreign currency reserves in Chinese government bonds.
Posted in Multipolar world | Tagged: China Australian cooperation, Chinese soft power | Leave a Comment »
Chinese warning to foreign powers
Posted by seumasach on March 24, 2013
This could mean end intervention in Syria or we’ll ditch the dollar
24th March, 2013
Chinese President Xi Jinping has warned against foreign interference in the affairs of other nations during a speech in Moscow, sending a signal to the West and echoing a message often repeated by Russian President Vladimir Putin.
Posted in Syria | Tagged: Chinese soft power | Leave a Comment »
Washington debates the pivot to Asia
Posted by seumasach on February 21, 2013
Walden Bello
21st February, 2013
Over the last two years, the Obama administration has executed what the president has termed the “Pivot to Asia” strategy, whereby the United States’ global military force posture is being reconfigured to focus on the Asia-Pacific region as Washington’s central front.
Posted in Multipolar world | Tagged: Asian pivot, Chinese soft power, Obama's realist turn | Leave a Comment »
In These New Times 