By Jeffrey P. Snider, Alhambra Investment Partners Europe is not the only location seeking out more “inflation”, as almost any central bank around the world except Banco do Brasil would do anything to find it. The ECB provided more emphasis in their panicked escalation today. In China, by contrast, consumer prices moved to +2.3% in February, … Continue reading
By Pepe Escobar Beijing is advancing a Chinese-led globalization that will challenge U.S. hegemony both regionally and globally. Earlier last week, the first Chinese commercial train, with 32 containers, arrived in Tehran after a less than 14-day journey from the massive warehouse of Yiwu in Zhejiang, eastern China, crossing Kazakhstan and Turkmenistan. This is a 10,400 … Continue reading
The stage is set for further tensions in the South China Sea as Beijing announced on Friday that it has adopted its first law on deep sea exploration, in the nation’s latest move to assert itself as a maritime power. On Friday, China’s top legislature passed the country’s first law on deep seafloor resource exploration to “protect the maritime environment” and “ensure … Continue reading
A long-distance cargo train has traveled from China to Iran as part of an attempted revival of the ancient Silk Road, a trans-Asian trade route connecting the east to Europe and the Mediterranean Sea. The 32-container train, which arrived in Tehran on Monday, took 14 days to complete the 6,462 mile (10,399km) journey from China’s … Continue reading
By Pepe Escobar He came, he saw, and he pocketed all the deals that matter. Chinese President Xi Jinping’s tour of Southwest Asia – Saudi Arabia, Iran and Egypt – could easily be sold anywhere as your typical Chinese-style win-win. On the PR arena, Xi did a sterling job polishing China’s image as a global power. … Continue reading
By Christina Lin The ancient Silk Roads crossed Eurasia to link trade between China and its Greco-Roman trading partners until the Ottoman Empire cut it off in the 1400s. With the newly revived One Belt, One Road (OBOR) Initiatives under Chinese President Xi Jinping, will it meet the same fate as Turkey’s President Erdogan asserts his … Continue reading
By Saibal Dasgupta The new Asian Infrastructure Investment Bank, backed by China as a potential rival to the World Bank and other international lenders, opened Saturday in Beijing. The 57 member nations have contributed $100 billion in capital to the AIIB, making it nearly half the size of the World Bank as it begins operations. “This … Continue reading
By Bob Hennelly, WhoWhatWhy I. The Year of the Red Monkey, also known as the Fire Monkey, starts next month in China. According to Chinese astrologers, the year will be a real rollercoaster ride, filled with surprise and mischief. And, they say, it bodes well for individual initiative, as opposed to collective effort. Will these predictions … Continue reading
By Felix K. Chang During visits to Central and Southeast Asia in 2013, Chinese President Xi Jinping unveiled Beijing’s aspiration to create what it called the Silk Road Economic Belt and the 21st-Century Maritime Silk Road. Both would entail the construction of new infrastructure to better connect the present-day countries along what was once the ancient … Continue reading
By Michael Hudson A nightmare scenario of U.S. geopolitical strategists is coming true: foreign independence from U.S.-centered financial and diplomatic control. China and Russia are investing in neighboring economies on terms that cement Eurasian integration on the basis of financing in their own currencies and favoring their own exports. They also have created the Shanghai Cooperation … Continue reading