Category: China

China Reportedly Issues Final Warning To North Korea

China Reportedly Issues Final Warning To North Korea

With President Trump placing his faith in China’s ability to keep its neighbor under control – through threats, promises, or oil embargoes – it appears, according to unconfirmed rumors spreading widely on Chinese social media Tuesday, that North Korea just got its final warning. As Korea Times reports, Chinese news...

China demands immediate halt to THAAD missile system now ‘operational’ in South Korea

China demands immediate halt to THAAD missile system now ‘operational’ in South Korea

From: South China Morning Post As regional tensions soar, Beijing says it will ‘firmly take necessary measures to uphold our interests’ China demanded on Tuesday an immediate halt to a controversial US missile shield hours after Washington announced that the defence system was now operational in South Korea. Washington and...

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...