Global Analysis from the European Perspective. Preparing for the world of tomorrow


China



Sow the wind and reap the whirlwind

There used to be a time when European countries would conquer other continents to spread Christianity, i.e. to save the savages – as it was said – from eternal damnation. Since Christianity has been dead for many decades now, Western nations have rolled out a new religion: that of human rights. The advantage of the new creed is that it is supposed to be universal – as such was adopted by the United Nations – and does not require the different peoples of the world to renounce their religious beliefs. Rather, the religious leaders of all the other faiths fall all over themselves to show that their religious precepts have always been in line with the universal human rights or, indeed, that the human rights derive from their creed.

Be it as it may, the human rights religion is a political tool in the hands of the powerful for subduing others to their will. Under the pretext of defending human rights – wars are launched, missiles are fired, revolutions are staged and governments are toppled. Yugoslavia, Libya, Syria, Afghanistan – you name it – have all been subjected to penal measures in the name of preventing humanitarian disaster from occurring or spreading. The countries were bombed in the name of saving the lives of – yes, yes – women and children and oppressed minorities of all types. Even when the Americans did not know what to do with the incorporation of Crimea into Russia, Victoria Nuland, while listing the alleged Russian violations of the international law and – how otherwise! – human rights, pointed to the alleged prosecution of the homosexual “community” as they say.

The human rights religion is only used when it becomes useful. The fate of Uyghurs in China was not a problem for the “international” opinion for decades until it fit Washington’s plans to use it as a pressure to be exerted against Beijing. Since China has been regarded as America’s rival vying for world dominance, the human rights card is being played more frequently. When you lend your ear the the Western media, then all the message that you get is that the Middle Kingdom is a den of perpetrators of the worst atrocities aimed against particular groups of people: Uyghurs, the Tibetans, Christians, political dissenters and so on, and so forth.

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EU, not China or Japan, is the biggest US Treasury holder. And this is not a good sign.

US-based media have been reporting that Japan has become the biggest holder of the US treasuries, surpassing China last month. However, this is true only in regard to single countries. If we consider the European Union member states collectively, then they appear to be the biggest holder of the US treasuries. It has been so almost one year long. Unfortunately, the EU’s holdings are artificially overstated because of some financial havens and they are going in the opposite direction to the trend: up rather than down.

According to the latest data from TIC (Treasury International Capital System), the EU was in possession of $1242 billion of US Treasuries in November 2016, $9 billion more than one month earlier. The EU was the only one from three biggest holders that increased its amount of US treasuries in November, while China and Japan continued to lower their holdings.

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China is militarizing the South China Sea, or is it?

China is by far the most powerful contestant. Neither the Philippines, nor Malaysia nor Vietnam can compare, though they, especially Hanoi, dare to put up a fight and stave off the encroachment on its sovereignty. China, true, is willing to sit down to the negotiation table, yet insists on bilateral talks; the smaller contestants prefer group talks. And they all look to the United States, if for different reasons. China is trying to expand its regional clout, the smaller countries are defending their rights. And the United States? Failure to respond to the Chinese challenge entails serious consequences such as damage to Washington’s status of the world superpower and loss of American credibility, not only in the eyes of the few South-East Asian nations concerned but also others, like Japan. The eyes of the world are thus focused on the South China Sea.

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Chinese 13th Five-Year-Plan Will Not Only Impact The Nation, But The Whole World

The coming years will be crucial for the Chinese economy and decisive for the realization of the „Chinese dream” of a prosperous society. This dream is to be achieved through the 13th Five-Year-Plan. This conglomerate of strategic goals will have a cascading effect; it will affect the global economy as well.

Many see the Five-Year-Plan (FYP) as a Stalinist holdover of China’s old command economy1; disregarding those „Guidelines” is a mistake. Investors should be fully aware of China’s five year economical cycles. China’s economic cycles are dictated by the elite of the Communist Party of China (CPC) and not by the invisible hand of the market.

China is run by the CPC whom does not see a free markets as a goal, but as a mean to improve the wealth of the citizens of China. The website of the CPC states the following ”The Communist Party of China takes Marxism-Leninism, Mao Zedong Thought, Deng Xiaoping Theory, the important thought of Three Represents and the Scientific Outlook on Development as its guide to action.”

To understand the importance of the FYP, one must understand exactly what it is. Continue reading

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MyDrivers reports that China’s homegrown Zhaoxin processors are now operational with its self-developed Unity Operating System (UOS). The news come on the tail of new Chinese government restrictions that force Chinese institutions to replace all foreign-powered PC hardware and software with domestically-produced products over a three-year span. Tongxin Software, the developer behind UOS, has been able to get the KaiXian processors to work on the desktop and server versions of UOS, respectively. The Chinese CPU maker has already laid out its ambitious plans for the company’s next generation of processors. Source: Tom’s Hardware



Retail sales in China grew 7.6% year on year, below the consensus of 8.6%, and Fixed-asset Investment (FAI) growth slowed to 5.7% in the first seven months of the year. The readings showed weakness across the board on both the demand and supply sides of the  Chinese economy, Bloomberg Economics said, adding that policy support will likely be stepped up in the coming months. Source: Bloomberg Economics





Taiwan confirmed Thursday it has asked to purchase more than 100 tanks from the U.S., along with air defense and anti-tank missile systems in a major potential arms sale that drew immediate protest from China. A Defense Ministry statement said it has submitted a letter of request for 108 cutting-edge M1A2 Abrams tanks, 1,240 TOW anti-armor missiles, 409 Javelin anti-tank missiles and 250 Stinger man-portable air defense systems. Source: CBS News




  • The Chinese government’s first seizure of a bank in more than two decades reverberated through markets for a second day, driving up funding costs for smaller lenders and adding pressure to shares that already trade at rock-bottom valuations.
  • China’s central bank injected a net amount of 150 billion yuan through open-market operations on Monday and Tuesday, the most since the week ended March 8.

Source: Bloomberg


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  • The spread of African swine fever (ASF) in Asia is taking a worrisome turn.
  • First reported in northeastern China in August 2018, the highly contagious, often fatal pig disease quickly swept through the country, causing the death or culling of more than 1 million pigs.
  • In recent weeks, it has jumped borders to Vietnam, Cambodia, Mongolia, Hong Kong, and possibly North Korea. Many of the newly hit countries are even less prepared to deal with ASF than China, experts say, which has so far failed to end its outbreaks.

Source: Science Magazine



Among China’s most surprising responses to the trade war has been its reluctance to use its vast state media empire to rally the home front. That’s changed since U.S. President Donald Trump’s latest tariff barrage.
In recent days, the once-banned phrase “trade war” has roared back into widespread use in Chinese media. Meanwhile, official news outlets gave high-profile play to commentaries urging unified resistance to foreign pressure, including an editorial from the nationalist Global Times calling the trade dispute a “people’s war” and threat to all of China.

Source: Bloomberg








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