There are several maglev train systems spread throughout Asia, and one of the countries at the forefront of the technology is the People’s Republic of China. China has been using maglev trains since the debut…
Monthly Archives For August 2024
COVID-19: The Preventable Pandemic
Added Metzl: “There can be, in our view, little doubt that China’s government is primarily responsible for the COVID-19 pandemic. But for the unique pathologies of the Chinese state, there very likely …
After the yen carry trade collapsed, get ready for the yuan carry trade
Trades involving borrowing yuan to buy higher-yielding assets are set to be more resilient as China’s central bank keeps its monetary policy dovish, Royal Bank of Canada says. Costfoto—NurPhoto via …
‘Turn the dial up’: Kevin O’Leary calls for bringing the heat against China to ‘blowtorch temperature’
“This is basically a fight with China to get to a level playing field in trade,” he told FOX Business’ Stuart Varney on Monday, as he addressed former President Donald Trump’s proposal to impose …
Diaries of Mao’s secretary at the center of a legal battle over the history of modern China
The diaries of a top Chinese official and prominent critic of Beijing are at the center of a U.S. legal battle, raising questions about who will write the history of modern China.Li Rui, who died…
What if China Invades? For Taiwan, a TV Show Raises Tough Questions.
The scene being shot was for “Zero Day,” a new Taiwanese television drama series that depicts an effort by China to take over the democratically governed island. Beijing has long claimed Taiwan as its territory…
Rare-Earth Minerals Are the Ace Up Beijing’s Sleeve
Yet China’s move shouldn’t surprise. With rare earths and critical materials, Beijing has an ace up its sleeve. As Deng Xiaoping stressed in 1992, “The Middle East has oil; China has rare earths.” China intends…
Bank of China President Liu Jin resigns
Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said its board had approved Chairman Ge Haijiao to serve as …
‘New Oil And Gold’—Crypto Is Suddenly Braced For The ‘Most Important’ Week After A Federal Reserve-Powered Bitcoin Price Surge
Bitcoin Bitcoin has rocketed higher this week after Federal Reserve chair Jerome Powell dramatically announced the “time has come” for interest rate cuts (though some are more focused on a China bazooka). Subscribe now to…
China imports record-high $26 billion of semiconductor equipment to make chips in 2024 so far
In a new report from Bloomberg, we’re finding out that Chinese imports of semiconductor equipment hit a new … ASML is based in the Netherlands, and wouldn’t you know, shipments from ASML to China …
China opposes US sanctions on firms over alleged ties to Russia’s war efforts
China has expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia’s war in Ukraine, saying it would adopt necessary measures to safeguard the rights and interests of…
Bank of China President Liu resigns, chairman to be acting president
BEIJING (Reuters) – Bank of China Vice Chairman and President Liu Jin resigned for personal reasons effective on Sunday, the bank said. The state-owned lender said in a statement that its board had …
China to push supportive monetary policy as financial risks ease: central bank chief
China is gradually resolving a series of financial risks and will press on with a supportive monetary policy to ensure an economic recovery, the country’s central bank chief said on the weekend. In an …
