Even the most energetic free-trade enthusiast can find a few things to be queasy about in Bloomberg Businessweek’s announcement of a major joint venture to build a Chinese bullet train connecting Los Angeles with Las Vegas.
Contents: Kazakhstan’s tenge currency crashes 23%, leading the global ‘currency wars’; Global stock markets plummet over currency devaluations
Contents: Suicide attack in Pakistan means no politician is safe; Tianjin explosion poses new threats to China’s government
China’s stock market suffered an 8.48% crash on Monday that humiliated the country’s leadership and will almost certainly cause a major Communist Party crisis.
The Chinese government recently passed new legislation which will tighten the Communist Party’s hold on the country’s political process, and satellite photographs show the country’s artificial island in the South China Sea is nearly complete.
The Chinese government is preparing a gargantuan $1.1 trillion investment in national infrastructure intended to function as an under-the-radar stimulus for the slowing economy, according to sources speaking off the record to Bloomberg News.
Maoist ideologues in China, buoyed by President Xi Jinping’s regime, are making a comeback in China, going after bloggers, journalists, and academics who oppose the Communist Party’s doctrine.
Though the Chinese Communist Party is the largest explicitly atheist organization in the world, with 85 million official members, it is now overshadowed by an estimated 100 million Christians in China. It is no wonder Beijing is nervous and authorities are cracking down on Christian groups.
