Category: China

China’s renminbi joins elite global reserve currency club

China’s renminbi joins elite global reserve currency club

China’s renminbi formally becomes a reserve currency on Saturday, the 67th anniversary of Communist party rule in China, reaching a milestone on its long march to international acceptance. Government officials led by Zhou Xiaochuan, head of the People’s Bank of China, lobbied long and hard for the renminbi to be...

Chinese actions over Senkakus spark more Japanese jet scrambles

Chinese actions over Senkakus spark more Japanese jet scrambles

By Erik Slavin Stars and Stripes YOKOSUKA NAVAL BASE, Japan — Chinese military activity near islands covered under the U.S.-Japan defense treaty resulted in a record number of Japanese fighter aircraft responses in recent months, Japan Defense Ministry officials say. The Japan Air Self-Defense Force scrambled jets against Chinese aircraft...

Why China Is Really Dictating the Oil Supply Glut

Why China Is Really Dictating the Oil Supply Glut

Courtesy of Canada Free Press Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014. While the world was speculating about...

The mystery behind China’s ‘missing’ bosses

The mystery behind China’s ‘missing’ bosses

Karishma Vaswani It seems like almost every week there’s news of a mysterious disappearance at a Chinese financial firm. Just three weeks ago, Guotai Securities announced that it had “lost” its Hong Kong based boss, Yim Fung. There’s possibly nothing more damaging for a firm than admitting your chief executive...

What do we know about the Chinese land grab in Africa?

What do we know about the Chinese land grab in Africa?

By, Amadou Sy There is a consensus in Africa that agriculture is one of the keys to achieving sustainable and inclusive growth there. Most of Africa’s population and its poor depend on agriculture, so this sector can provide potentially significant gains. Agriculture also has the potential to become one of the...