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Tag: China

China crash (Andy Wong / Associated Press)

China Stock Market Implosion Continues

Chinese stocks in Hong Kong fell to the lowest level in four years as mainland shares plunged, forcing an early halt to trading for the second day this week, after the central bank cut its yuan reference rate by the most since August.

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Chinese Region Starved by Mao Honors Him with Giant Golden Statue

There would seem to be something ideologically incongruous about honoring the godfather of Chinese communism with a giant golden statue, but the story of the Mao colossus of Zhushigang gets worse with each new detail. The imposing 120-foot statue, made from steel and concrete covered in gold paint, towers over the surrounding trees.

An investor sits in front of a screen showing stock market movements in a stock firm in Fuyang, east China's Anhui province on January 4, 2016. Trading on the Shanghai and Shenzhen stock exchanges was ended early on January 4 after shares fell seven percent, the first time China's new 'circuit breaker' intervened to curb market volatility. AFP PHOTO CHINA OUT / AFP / STR (Photo credit should read

‘China Is in an Industrial Recession,’ Tony Nash Explains

International financial analyst Tony Nash said China was “clearly in an industrial recession,” posing increasing risk to financial markets around the globe. “What you have in China right now is a lot of overcapacity within the industrial sector,” Nash, Global Vice President of Delta Economics told Breitbart Executive Chairman Stephen K. Bannon. “China is clearly in an industrial recession and markets are simply catching up to that.”

Chinese fishing vessels Spratly islands AFP

Vietnam, Philippines, Japan Protest Chinese Jet Landing in South China Sea

The governments of Vietnam, the Philippines, and Japan have all condemned China for landing a plane on an artificial island in the South China Sea, constructed in what is widely regarded as sovereign Vietnamese territory. China rejects international claims in the sea and has begun constructing military facilities in the Spratly Islands.

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Chinese Scientist Plans to Clone a Million Cows per Year

A Chinese company called Boyalife Genomics is planning to open a factory the size of three football fields in Tianjin this year, and what they’ll be manufacturing is… cows. Clone cows. 100,000 of them per year to start, but company founder Xiao-Chun Xu dreams of cranking that production level up to a million per year.

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Exports of Taxpayer-Subsidized Ethanol to China Grew 975% in 2015

U.S. Department of Agriculture (USDA) Under Secretary for Farm and Foreign Agricultural Services Michael Scuse, who led a trade mission of representatives from nine state departments of agriculture and 28 U.S. companies to northeast China in 2014, announced that United States ethanol exports to China have increased exponentially.

Microsoft Windows Phone (Tobias Schwarz / AFP / Getty)

Report: Microsoft Failed to Warn Victims of Chinese Email Hack

(Reuters) — Microsoft Corp experts concluded several years ago that Chinese authorities had hacked into more than a thousand Hotmail email accounts, targeting international leaders of China’s Tibetan and Uighur minorities in particular – but it decided not to tell the victims, allowing the hackers to continue their campaign, according to former employees of the company.

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China Wants Japan, US Out of Okinawa

On the day after Christmas, three Chinese boats, one modified to carry four cannons, entered Japan’s territorial waters surrounding the Senkaku Islands in the southern portion of the East China Sea. The move, a dangerous escalation, is the first time the People’s Republic of China sent an armed vessel into an area that Tokyo claims as its own.

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South China Sea Aggression Pushing Vietnam Towards U.S.

The relationship between Vietnam and China is strained over Beijing’s aggressive assertion of its maritime territorial claims, pushing Vietnam’s Communist Party toward an old enemy, the United States, The Washington Post (WaPo) reports.