Posts Tagged ‘China’

The wrong direction

The wrong direction

So, Theresa May would like to keep us shackled to the European Union in all but name, I think we’re going to live to regret that and here’s why.

By the end of this year (2017) China will have launched the Petroyuan . Already Russia, Iran and Venezuela among others are preparing to trade oil in Petroyuan and it’s highly likely that other countries will follow.

De-dollarisation is picking up speed, some say that the Petrodollar is already dead and the US dollar’s status as a reserve currency is coming to an end.

Given that it is only the US dollar’s status as a reserve currency and the Petrodollar that enabled the US to maintain its ridiculously large debt pile measured in trillions, this spells trouble and probably trouble for most of the indebted West.

Historically these types of currency realignments have led to wars and there has been enough talk of that lately. Possibly Donald Trump may have prevented this from happening so far; let’s hope this doesn’t happen. We may have a lot to thank Donald for one day.

The US still has the envious ability to feed itself. It can produce enough food and has enough other resources to survive. Donald Trump is doing exactly the right thing putting America first, it will have to prepare for significant change in the near future: if only we had a leader like Donald instead of the evil Mrs May.

We in Britain, it seems, need to have trade deals now, particularly as we can’t feed our population with our own resources. But with who?

According to Reuters , at the end of 2016 China’s gold reserves were around 12100 tons. China has been accumulating gold for years and now it seems likely that the Petroyuan will be a gold-backed currency with the option to be paid in gold rather than Yuan.

This makes the new Petroyuan formidable, a different story to the worthless fiat currencies of the West.

According to the World Economic Forum, China has already invested almost  a trillion dollars in its New Silk Road project. Already via this route, it’s possible to deliver goods to Britain and Europe 20 days quicker than by the 21st century maritime route.

China is a country that is making patient and thorough strategic plans for the future. It may possibly have the world’s next reserve currency and dominate world trade. Russia and Iran are forming ever closer economic ties with China and I’m sure many other countries around the world will follow suit.

Now compare the above scenario with the countries of the European Union. There are massive trade imbalances. The Euro was always a political rather than sound economic construct and there are no signs yet that it will ever work. Countries like Italy and Spain have major economic problems, many European banks are on the edge.

There are many articles on the financial state of Europe and I don’t have the space to discuss this more fully here, but I’m sure most of you are aware of the problems.

I myself am very pessimistic about the future of Europe under the European Union. If there’s a global currency reset the effect on Europe will be catastrophic. Germany won’t be able to keep bailing out Europe forever and is developing its own economic problems, welfare costs are spiralling out of control, particularly with millions of new guests to feed. It seems that now North Africa starts at Calais.

There could very well be global economic chaos in the event of a currency crisis, but it seems that China along with Russia and others are already positioning themselves to ride out the storm and we had a golden opportunity to move along with them.

After June 2016, countries all over the world, Asia, Oceania, the US were ready to welcome Britain with open arms. Instead Theresa May and her government seem determined to shackle us to a sinking ship.

I can’t predict exactly how things will play out but we live in an increasingly volatile economic environment. We’re about to lose the ability to quickly adapt to changes and grasp emerging opportunities, vital in the modern world. Without a clean break from the European Union, it will always hamper us in our ability to take advantage of opportunities as they arise, it will always seek to control us and I feel it will lead us down a very dark road indeed.

It’s hard to know quite why May and the remainiacs wish to shackle us to an odious entity like the European Union; whoever they represent I’m certain it isn’t the British people. Theresa May, from the first day of her premiership, opened her mouth and lies poured out of it.

We were assured that “leave means leave”, yet now we see that she’s been planning to stitch us up all along. Behind closed doors, May has been plotting and scheming behind our backs, seemingly without any regard for the people she wasn’t quite elected to represent.

We were never given a chance to openly debate decisions that will likely have a dramatic impact not just upon us, but particularly upon our children.

Whatever makes Theresa May think she has the right to try and present us with a fait accompli I can’t imagine. We really need to be making a lot of noise before it’s too late. We have the right to decide upon our own future, our own strategic direction.

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Erdogan, Putin concerned about Mideast stability

Putin is to meet with Erdogan on Monday to discuss the issue of Jerusalem and Middle East tensions [Xinhua]

Russian President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan warned on Saturday Washington of further instability if the US embassy is moved from Tel Aviv to Jerusalem.

Last week, US President Donald Trump reversed decades of foreign policy and declared his country’s recognition of Jerusalem as the eternal capital of Israel. He also signed an executive order to move the embassy there.

There are currently no embassies in Jerusalem as the international community considers it a disputed city with its final status only decided by agreement between the Israelis and Palestinians.

During a UN Security Council meeting on Friday, 14 of 15 members criticized Trump’s decision leaving US ambassador Nikki Haley having to defend her president’s position.

The other 14 members, including major US allies, reiterated their support for a peace agreement based on the territories of 1967. East Jerusalem, they said, should be part of a Palestinian state.

Erdogan and Putin said Trump’s declaration threatens peace efforts. The two leaders said they had serious concerns about the future of the region and feared further escalation, a statement from the Kremlin said.

Erdogan said that declaring Jerusalem the Israeli capital was a “red line” for the Muslim world.

The Turkish President, who is the current chair of the Organization of Islamic Cooperation, said he would try and consolidate a unified Muslim response to the declaration.

Kremlin spokesperson Dmitry Peskov said that Putin discussed the crisis during a phone call with Palestinian President Mahmoud Abbas.

Putin is expected to raise the issue with his Egyptian President Abdel-Fattah El-Sisi during his scheduled visit to Cairo on Monday.

He is also expected to make a stop in Turkey to discuss the status of Jerusalem.

The United Nations, European Union, and other organization have criticized Trump’s declaration.

China, meanwhile, reiterated its backing of the decades-old Middle East peace process and said it supported the “just cause of the Palestinian people to restore their legitimate rights and interests”.

Beijing said that “China supports the establishment of a Palestinian state with full sovereignty and independence on the basis of the 1967 borders with East Jerusalem as its capital”.

The BRICS Post with inputs from Agencies

Russia hosts Eurasian SCO meeting

China and Russia have fat-tracked their cooperation and alliance in recent years. Chinese Premier Li Keqiang (R) and Russian Prime Minister Dmitry Medvedev will meet on the sidelines of the SCO Meeting in Sochi November 30, 2017 [Xinhua]

The 16th meeting of the Council of the Shanghai Cooperation Organization (SCO), which opens in the Russian port city of Sochi on Thursday, will look at global economic recovery, regional security and counter-terrorism efforts among its Eurasian members.

The SCO was founded in 2001, built on the foundations of a former organization – the Shanghai Five – and currently includes China, Kazakhstan, Kyrgyzstan, Russia, Tajikstan and Uzbekistan.

India and Pakistan, formerly only observers in the SCO, joined as full members in June 2017.

Indian Foreign (External Affairs) Minister Sushma Swaraj arrived in Sochi on Wednesday night, and is likely to press Delhi’s calls for tighter cooperation among members to combat transnational terrorism.

Last week, India marked the ninth anniversary of the Mumbai terrorist attacks which left 170 people dead.

Meanwhile, Chinese Premier Li Keqiang arrived in Moscow on Wednesday and also met with Russian President Vladimir Putin at the Kremlin before heading to Sochi.

Li told reporters that both China and Russia will play a constructive role to “strengthen communication and coordination on international affairs, and cement cooperation within multilateral frameworks including the SCO”.

China-Russia cooperation has great potential and broad prospects, added Li.

Putin said he hopes that China and Russia can increase their win-win cooperation.

Prime Minister Dmitry Medvedev will lead Russia’s delegation at the Sochi SCO meetings.

Meanwhile, the SCO Council – which has increasing embraced strategic economic cooperation in addition to security – is likely to consider new membership applications.

Iran, which maintains strong ties with founders China and Russia, is close to achieving full membership

The BRICS Post with inputs from Agencies

China accuses US of unfair anti-dumping measures

China has repeatedly accused the US of straining their vast economic relationship through a slew of anti-dumping measures [Xinhua]

Beijing has again criticized the US for its recent anti-dumping investigations on general aluminum alloy sheets imported from China.

“China is strongly discontent with the trade protectionism tendency shown in the U.S. move,” a statement from the Ministry of Commerce said on Wednesday.

On Tuesday, US media reported that the Trump administration had taken the unusual step of initiating an anti-dumping probe into these Chinese exports despite not having been prodded by American companies and industries.

The move appears to follow criticism voiced by US President Donald Trump of what he said were unfair Chinese trade policies.

Just a month ago, Beijing accused Washington of distorting reality after Washington slapped penalties of up to 243 per cent on aluminum imports from China.

The US Commerce Department has been imposing such punitive measures against Chinese exports for some time.

In July 2014, it moved against Chinese exports of photo-voltaic products after a petition filed by Oregon-based SolarWorld Industries.

A few months later, the Commerce Department accused China of exporting the industrial compound Melamine far below fair value prices in US markets.

China’s Ministry of Commerce has repeatedly urged the United States to abide by its commitment against protectionism and work with China to maintain a free, open and just trade environment.

The BRICS Post with inputs from Agencies

Bill Gates receives top science honor in China

Bill Gates has dedicated millions to helping farmers around the world with new farming innovations. In this file photo, new research by scientists at the Guangzhou Institute of Geochemistry of the Chinese Academy of Sciences (CAS) shows that China consumed 162,000 tons of antibiotics in 2013, or more than half of the global total. About 52 percent was used on livestock and 48 percent by humans. More than 50,000 tons ended up in the water and soil [Xinhua]

Bill Gates, the founder of Microsoft and at one time the richest man in the world, was honored with one of China’s highest academic honors on Monday.

The Chinese Academy of Engineering, a state body and of the two leading advisory think tanks, elected Gates among 18 foreign academics for lifetime membership in the organization.

He is the only non-academic picked to the membership which is usually focused on scientists and engineers.

The 18 were chosen from a list of over 500 candidates and will be expected to inspire and work with young people to innovate in the scientific and social sciences fields.

Since leaving Microsoft’s role of Chairman in 2014, Gates has dedicated his time to charity and development work. He has recently been involved in building a “smart city” in Arizona and Toronto, Canada.

He has also donated millions to vaccination drives around the world, including in Uttar Pradesh in India.

The BRICS Post with inputs from Agencies

Xi calls for a ‘toilet revolution’

Xi wants to improve China’s image and bring more tourists to the country [Xinhua]

President Xi Jinping is proposing a revolution of a different sort – a toilet revolution to improve China’s image as well as the quality of life for its citizenry.

The proposal is part of Xi’s initiative to establish a new countryside.

The construction of clean toilets is an important part of pushing urban and rural civilization, and more efforts should be made in both cities and rural areas to upgrade toilets, Xi said in remarks carried out by the state news agency Xinhua.

In 2015, the Chinese government launched a country-wide campaign to upgrade toilet facilities within hygienic standards for domestic and touristic usage.

Just last month, the government announced that it had installed and revamped 68,000 toilets at tourist destinations, 19.3 per cent more than the target decided in 2015.

Upgrading public toilets is seen as a necessary step to improving tourism facilities and bringing more visitors to the country.

The BRICS Post with inputs from Agencies

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