China’s current economic situation reminds me of the remark, “Future events will repeat those of the financial crises of 2007 and 2008 or of the 1997 Asian financial crisis. All the evidence shows that this time the leading role on stage will be China,” which concludes my book titled The Big Turning Point, published in [...]
Ominous signs usually emerge from the banking system, just like in the fall of 2008, when the Western financial system was on the brink of collapse. When banks don’t trust each other anymore, they charge higher rates for inter-bank lending, fearing that they might not get their money back. Since the Chinese banking system is [...]
As U.S. Navy Capt. James Fanell observed in the Times article, “Chinese maritime surveillance cutters have no other mission but to harass other nations into submitting to China’s expansive claims.” They have cut cables towing Vietnamese sonar arrays, arrested and intimidated Southeast Asian fishermen, harassed U.S. naval vessels and, in one case, erected a barrier [...]
For years, economists have known that China is sitting on a dangerous debt bomb. A well-known Hong Kong economist, Larry Lang, has recently taken it one step further, claiming that the fuse has now been lit, and it’s only a matter of time before everything goes “bang.”
At a March 16 economic summit in China, [...]
China’s modernization has polluted many rivers, but the pollution of the groundwater in cities is most serious, with about 64 percent heavily polluted, 33 percent mildly polluted, and only 3 percent considered clean,
Japanese Prime Minister Shinzo Abe re-affirmed sovereignty of the Senkaku Islands in Washington, D.C., Friday, declaring that any challenge to Japan’s ownership of the tiny island group will not be tolerated.
“No nation should make any miscalculation about the firmness of our resolve,” Abe said at Washington’s Center for Strategic and International Studies (CSIS), after [...]
North Korea is now under martial law and leader Kim Jong Un has told frontline troops to prepare for war, amid reports that Pyongyang will carry out its third nuclear test, according to South Korean media on Thursday.
Kim gave the secret order to “complete preparations for a nuclear weapons test between Tuesday and yesterday,” [...]
In the European Union (EU), 2013 will be the worst year since the beginning of the crisis in 2008. …
In Latin America, 2013 will also be a year of challenges. …
Given this situation in Iran, Israel will no doubt be preparing for a possible attack on Iran’s nuclear installations. …
China’s seas have [...]
Zhao Feihung is the chairman of the Safe Drinking Water Committee at the Beijing Health Care Association. Her husband works in the National Development and Reform Commission’s Public Nutrition and Development Center. Together, this Beijing couple has not drunken any of the city’s tap water in over 20 years, reported China’s Southern Weekly. Said the [...]
China is dangerously close to a catastrophic political, economic, and social meltdown, according to a Chinese business scholar, who cites China’s growing income gap as one serious crisis indicators.
Xie estimates that there were over 200,000 mass incidents in China in 2012. “While the world has closely watched for the ‘fiscal cliff’ in the [...]