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Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

China Warns US at Brink of Starting 'New Cold War' with Beijing

On May 24, 2020, file photo, China's Foreign Minister Wang Yi is seen broadcasted remotely on big screens at the media center during a press conference held on the sideline of the National People's Congress in Beijing.

China says some “political forces” in the United States have taken bilateral relations hostage and are pushing the world’s two biggest economies towards “a new Cold War.”

Related: US General: We Are At War with China

Speaking on the sidelines of the National People’s Congress in Beijing Sunday, Chinese Foreign Minister Wang Wu said “a political virus is spreading in the United States” which is “using every opportunity to attack and smear China.” 

Wang said China has no intention to either change or replace the U.S., and that the U.S. should abandon its “wishful thinking of changing China and stopping 1.4 billion people in their historic march toward modernization.”

Chinese Foreign Minister Wang Yi speaks to reporters via video link at a news conference held on the sidelines of the National People's Congress (NPC), from the Great Hall of the People in Beijing, China, May 24, 2020.
Chinese Foreign Minister Wang Yi speaks to reporters via video link at a news conference held on the sidelines of the National People's Congress (NPC), from the Great Hall of the People in Beijing, China, May 24, 2020.

The Trump administration has clashed with Beijing over a range of issues in recent months, including trade, technology, and the coronavirus pandemic, with President Donald Trump himself alleging the virus escaped from a lab in Wuhan, the central Chinese city where the virus was first detected late last year. 

China’s proposed security law for Hong Kong is the latest flashpoint between the two sides, which critics say threatens Hong Kong’s semi-autonomous status.  

Source: https://www.voanews.com/east-asia-pacific/voa-news-china/china-warns-us-brink-starting-new-cold-war-beijing

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Fauci Caught Running Wuhan Coronavirus Weapons Program


Fauci Caught Running Wuhan Coronavirus Weapons Program



Source: https://www.brighteon.com/5c4cb87a-b85e-46e0-a381-9dd2e2e1cfd3
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US General: We Are At War with China

General Robert Spalding claiming that the US is already at war with China.




Related: Putin And Trump vs The New World Order: The Final Battle

Source: https://www.brighteon.com/43730bf4-0e60-43be-8640-e72b9bcce42f

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China Warns of WAR With US Amid Coronavirus Backlash

Internal memo says China should prepare for “worst case scenario” of “armed conflict” with USA, according to Reuters


A leaked Chinese memo recommends the country prepare for a “worst-case” scenario of “armed confrontation” with the United States amid global backlash over the coronavirus pandemic, according to Reuters.

Chinese leaders are concerned about anti-China sentiment spreading across the globe as controversy grows over China’s handling of the coronavirus during the outbreak’s early stages, but it’s unknown if the memo reported by Reuters currently reflects the sentiment of Beijing or if it’s intended to put the country on a war footing.

Related: Putin And Trump vs The New World Order: The Final Battle

“An internal Chinese report warns that Beijing faces a rising wave of hostility in the wake of the coronavirus outbreak that could tip relations with the United States into confrontation, people familiar with the paper told Reuters,” the outlet reported, stating that it didn’t see the memo directly. “The report, presented early last month by the Ministry of State Security to top Beijing leaders including President Xi Jinping, concluded that global anti-China sentiment is at its highest since the 1989 Tiananmen Square crackdown, the sources said.”

https://www.russiatruth.co/p/us-vs-china.html

It is known that the US and China have both stepped up military activity in the disputed South China Sea over the past few days, with both the USS Bunker Hill and the USS Barry sailing near islands claimed by China and several other countries.



And the Czech Republic installed signs informing their Chinese tourists of the events of the 1989 Tiananmen Square protests, and to put this into context, China has spent the past several decades censoring all information on the ’89 protests involving ‘Tank Man’ that an entire generation of Chinese citizens have grown up completely unaware the protests ever happened.

“China’s early coverup of the outbreak – including silencing and/or disappearing whistleblowing doctors and journalists, lying about the transmissibility of the virus while hoarding personal protective equipment (PPE), quarantining Wuhan domestically while allowing international travel and using the World Health Organization to run cover – has drawn global scorn as COVID has infected over 3.5 million and killed nearly 250,000 in five months,” Zero Hedge reported.



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CIA & MI6 put together 'scientific' dossier ‘targeting China's Covid-19 cover-up’ - as West readies to demand Beijing COMPENSATION

CIA & MI6 put together 'scientific' dossier ‘targeting China's Covid-19 cover-up’ - as West readies to demand Beijing COMPENSATION 
 An aerial view shows the P4 laboratory at the Wuhan Institute of Virology in Wuhan, China. April 17, 2020 © AFP / Hector Retamal 

The West’s wish to pin the blame on China (and probably the bill too) for the Covid-19 pandemic has been reportedly incarnated in a 15-page dossier compiled by intelligence agencies, which has now leaked, according to reports. 
The document, described by the Australian newspaper the Sunday Telegraph, was prepared by “concerned Western governments.” The publication mentions that the Five Eyes intelligence agencies are investigating China, pointing to the United States, Australia, New Zealand, Canada and the UK.


The authors of the research found some pretty strange ways to paint China’s response to the outbreak in a negative and even sinister way. For instance, despite a presumed requirement for brevity in such a short paper it refers to a study which claimed the killer coronavirus had been created in a lab.

The scientific community’s consensus says otherwise, while US intelligence is on the record agreeing with this position. The study itself has been withdrawn because there was no direct proof to support the theory, as its author Botao Xiao acknowledged. But the ‘China dossier’ found a warm spot for a mention, it appears.

A large portion of the document is apparently dedicated to the Wuhan Institute of Virology and one of its top researchers, Shi Zhengli, who has a long and distinguished career of studying SARS-like coronaviruses and bats as their natural reservoirs. It seems the dossier is not interested in the database of bat-related viruses she helped create but rather in the claim that the Covid-19 pandemic started as a leak from her lab.

The dossier points to the so-called gain-of-function research that Dr. Shi was involved in. Such studies are aimed at identifying possible mutations in infectious agents that may occur naturally and makes them much more dangerous to humans. Creating stems with such mutations in the lab allows to prepare for a possible outbreak, though whether such research is worth the risk of accidental release or even bioterrorism attacks has been subject to much debate.

In the contents of the dossier however the implications seem clear: what if China lost control of one of its dangerous samples and then did everything it could to cover it up? The alleged obfuscation seems to be the main focus of the damning document. It claims Beijing was engaged in “suppression and destruction of evidence” including by disinfecting the food market believed to be the ground zero of the Covid-19 pandemic. China is also accused of hypocrisy because it imposed a ban on internal travel from the Hubei province while arguing against a ban on international flights.

“Millions of people leave Wuhan after the outbreak and before Beijing locks down the city on January 23,” the newspaper cited the document as saying. “Thousands fly overseas. Throughout February, Beijing presses the US, Italy, India, Australia, Southeast Asian neighbours and others not to protect themselves via travel restrictions, even as the PRC imposes severe restrictions at home.”


The leaked dossier is yet to be made public for independent scrutiny. But the dramatic tone of the quotes in the Telegraph and the far-fetched implications indicate that it is along the lines of infamous intelligence assessments and media leaks by anonymous officials, which have been the staple of Western foreign policy for decades. Remember how Saddam Hussein secretly obtained yellowcake uranium and was ready to strike Europe with his missiles in 45 minutes? Or the Russian bots that swayed the 2016 election with memes? If true, we can expect many ‘revelations’ in months to come.

Source: https://www.rt.com/news/487661-china-covid-dossier-leaked/
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WHO Guidelines Encourage Children Younger Than 4 be Taught “Masturbation” and “Gender Identity”


 WHO guidelines for sex education recommend that children aged 0-4 be taught about “masturbation” and “gender identity.”

The World Health Organization’s ‘Standards for Sexuality Education in Europe: A framework for policymakers, educational and health authorities and specialists’, advises children be taught about sexually pleasuring themselves and transgenderism before they’ve even fully learned to talk.


The WHO advises that children aged 0-4 are given “information about enjoyment and pleasure when touching one’s body… masturbation.”

Toddlers are also to be encouraged to “gain an awareness of gender identity” and given “the right to explore gender identities.”

In the ages 4-6 bracket, educators are urged to “give information about same-sex relationships” and “help children develop respect for different norms regarding sexuality.”

https://1.bp.blogspot.com/-b31CcV-upZM/Xq06P82tzgI/AAAAAAAAgL0/c1dKkkI6_HI-pbihvbNw6cFElAwbo1iUgCNcBGAsYHQ/s1600/290420who2.jpg


Of course, in any sane world, no child of this age should be exposed to any kind of information about sex whatsoever.

Despite them being complicit in China’s cover-up of the coronavirus outbreak, the media has held up the WHO as an organization beyond reproach which cannot be questioned.

Social media networks are removing material and banning people who criticize the World’s Health Organization’s guidelines.

Given that the global health body is pushing such sickness onto toddlers, the Trump administration’s decision to withdraw funding is looking better every day.

Source: https://summit.news/2020/04/29/who-guidelines-encourage-children-younger-than-4-be-taught-masturbation-and-gender-identity/
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Yuan Crashes After Trump Weighs Blocking Retirement Fund Access To Chinese Stocks As War Of Words Escalates


Having tumbled yesterday on the first set of headlines reporting on the Trump administration's plans to seek 'COVID reparations' amid accusations of Chinese 'meddling' in the US election (obviously not in favor of Trump), the Chinese yuan legged dramatically lower in this evening's illiquid session which sees most of Asia closed for May Day, after Bloomberg reports that Trump is exploring blocking a government retirement fund from investing in Chinese equities considered a national security risk.

Trump made his initial threats from the Rose Garden at the White House Monday after he was pressed by a reporter over a German newspaper report suggesting that China should be issued a $160 billion invoice for the impact on Europe's economy.

The president responded he had a "much easier" idea:
"We have ways of doing things a lot easier than that," Trump told the coronavirus press briefing. "Germany’s looking at things, and we’re looking at things, and we’re talking about a lot more money than Germany’s talking about."
"We haven’t determined the final amount yet. It’s very substantial," Trump added, suggesting it would be significantly more than the $160 billion floated in German media.
Asked whether he was considering the use of tariffs or even a debt write-offs for China (something which Larry Kudlow vehemently rejected earlier on Thursday), Trump would not offer specifics.
“There are many things I can do,” he said. “We’re looking for what happened.”
Since then various plans have been proposed, but Trump escalated the war of words further, during an Oval Office interview with Reuters  published Wednesday night,  saying that he thinks that China is determined to see him lose the November election based on Beijing’s response to the coronavirus, and that he is considering various ways to punish the Chinese government which he he again blamed for allowing the virus to spread across the world.
"China will do anything they can to have me lose this race," Trump said in the interview and said he was looking at different options in terms of consequences for Beijing over the virus. “I can do a lot,” he said.
Which was quickly followed by denials from Chinese Foreign Ministry spokesman Geng Shuang, saying that China has no interest in interfering in internal U.S. affairs (unless of course that 'affair' involves investigating the origin of COVID-19). China hopes some people in U.S. won’t drag country into its internal processes, Geng said.

And tonight, Bloomberg reports that, after months of pressure from concerned lawmakers, according to a person familiar with the internal deliberations, the Trump admin is planning an executive order to block a 2017 decision that The Thrift Savings Plan, the federal government’s retirement savings fund, would transfer a massive $50 billion to an international fund which would mirror the MSCI All-Country World Index.

The issue being China's addition to the index, and thus the fund being forced to allocate significant capital to the Chinese stock markets, at a time when the gloves between the two nations are clearly off.

Needless to say, the optics of the US halting capital from entering China would be staggering and could result in a reversion of China-bound capital flows across all Western countries until the current war of words between Trump and Xi rages. The only problem is that, as we noted yesterday, this particular war of words could last a long time, since there is no longer any impetus to kiss and make up, and if anything, Trump will only escalate the anti-China sentiment into the election (and after), to keep pounding that the collapse resulting from the coronavirus pandemic is not his fault, but rather's Beijing, even as China pursues a mirror image approach, blaming the US for launching the pandemic.
The most obvious market reaction for now is in Offshore Yuan which has collapsed in the last two days, extending losses tonight...


Source: Bloomberg

Bloomberg reports that Senator Marco Rubio, a Florida Republican, applauded reports of the move in a statement Thursday.
“It’s outrageous that five unelected bureaucrats appointed by the previous administration have ignored bipartisan calls from Congress to reverse this short-sighted decision, and I applaud President Trump for directing his administration to take swift action preventing this from going forward,” he said.
We would expect China to be furious at this discussion and wonder what they will do to stall this move - one suggestion, given the weakness in US equity futures overnight, is to push volatility back into US markets - to shake the faith in the dramatic market rebound (that The Fed enabled).

Source: https://www.zerohedge.com/markets/yuan-crashes-after-trump-weighs-blocking-retirement-fund-access-chinese-stocks-war-words
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US-China Relations on the Rocks?

US Vs China - Is It 'Art Of The Deal' Or Economic Warfare ...

Both right wings of the US war party are hostile toward sovereign independent states that are free from its imperial control.

It’s notably true for nations with enormous hydrocarbon resources like Iran and Venezuela — what the US seeks control over for added ability to dominate other countries.

Most of all, it’s true for powerful nations like China and Russia, able to challenge US hegemonic aims effectively.

Russia’s super-weapons, exceeding the best in the West, made it the world’s dominant military power.
China’s growing economic, industrial, technological, and political power most concerns US policymakers because of the country’s increasing preeminence on the world stage at the expense of America in decline.

In their eyes, China is public enemy No. 1. Are both countries on a collision course for confrontation?

A rupture in political relations could follow the Trump regime’s trade war.

It’s exacerbated by unacceptable Pentagon incursions close to and in Chinese waters, and now falsely blaming Beijing for spreading COVID-19 outbreaks to shift responsibility from US failures to deal with the public health crisis effectively.

Intense China bashing affects US public opinion. A February Gallup poll showed two-thirds of Americans view Beijing mostly or very unfavorably — a 20 point decline from 2018.

A March poll by the organization showed nearly half of US respondents view China as a “critical threat.”

A new Pew Research poll showed two-thirds of Americans view China unfavorably. When Trump took office, it was 47%.

According to Asia Society’s director Orville Shell, “(i)t’s hardly surprising.”

“It’s now just about the only thing in Washington that Republicans and (Dems) agree on…(They) have a much more skeptical view of China’s intentions” — ignoring their own.

Negative US public opinion toward China shows propaganda works as intended.

According to former US National Security Council member Douglas Paal, proposed congressional legislation calls for greater get tough on China policies.

It’s an election issue. Congressional members and aspirants believe that publicly bashing China is a way to gain voter support.

Bilateral relations are likely to worsen ahead, including in the aftermath of US November elections — heightening the risk of confrontation by accident or design.

The outlook ahead is unsettling at best, a matter of great concern if bilateral relations continue deteriorating.

A rupture will be harmful to both countries. The US is China’s largest export market. It’s a major market for US exports.

According to the St. Louis Fed, agricultural products, aircraft, motor vehicles, and microchips are the top US exports to China.

The country is the world’s leading source of low-cost goods for the US and many other nations. It’s a major buyer of US Treasuries.

In response to growing contentious relations with the US, China began developing internal consumer-led growth years ago, including for services — to be less dependent on exports for future growth, especially to the West.

Has Russiagate shifted to Chinagate? US anti-China Cold War poses the risk of turning hot.
Is mutual trust beyond repair short-or-longer-term?

The issue goes way beyond Trump and GOP hardliners. If Biden succeeds DJT as president in January, Sino/US relations are unlikely to improve.

Given the current trend, they’re more likely to further deteriorate.

Obama’s 2013 Asia pivot aimed to reassert America’s East Pacific presence by advancing its military footprint in a part of the world where it doesn’t belong.

It aims to challenge and counter China growing preeminence on the world stage, while checking Russia in its far east at the same time.

Containment has been US policy throughout the post-WW II period, targeting nations able to challenge its hegemonic aims.

Cold War politics rages on multiple fronts, mainly against China and Russia — in the Middle East against Iran, in Latin America against Venezuela, Cuba and Nicaragua.

It’s what the scourge of Washington’s imperial agenda is all about, risking endless wars by hot and other means.

US imperial overreach threatens everyone everywhere.

What’s unthinkable is possible, the risk of military confrontation with China and/or Russia that could go nuclear if pushed too far.
*
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Award-winning author Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net. He is a Research Associate of the Centre for Research on Globalization (CRG)

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”


Visit his blog site at sjlendman.blogspot.com.

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Forget Russian Bots: Chinese Trolls Now Pushing Fake Coronavirus Narratives on Social Media

China has "tripled presence on Facebook and Twitter in recent months"

Chinese Trolls Coronavirus

China has reportedly “tripled presence on Facebook and Twitter in recent months” as it struggles to control Coronavirus narratives on the internet as fingers have been pointed at them after their response to the Covid-19 outbreak.

The world’s second biggest economy has reportedly bought up U.S. ads to promote disinformation campaigns which have been likened to Russia by the Wall Street Journal.

According to the Wall Street Journal:
The efforts include ad purchases on Facebook Inc. FB 0.52% promoting the English-language arms of Chinese state-media outlets, as well as posts there and on Twitter Inc.’s TWTR -0.32% platform that in some cases disparage U.S. efforts to fight the global pandemic, the researchers say.
From mid-February until early March, social-media sites linked to Chinese state media posted more than 3,300 times a day, triple the normal rate, according to Recorded Future, a Somerville, Mass.-based cybersecurity consulting firm. Those outlets were principally active on Facebook and Twitter, the research showed.

The effort to buy up social media ads was in an effort to shape the Western world’s opinion over China’s involvement in the Hong Kong protests which were eclipsed by the coronavirus outbreak.

The deadly Covid-19, which China failed to contain or act transparently, has left a trail of destruction in its wake; tens of thousands have died from the coronavirus as well as paralyzing global economics.

One UK think tank placed the economic damage to G7 countries to be in the vicinity of $7 trillion–and suggested reparations of hundreds of billions of dollars to the UK alone.


Since the end of 2018, China has bought up over 200 social media ads–a third of which have been purchased in the past few months.

Researchers indicated China’s intentions acting in accordance with a form of social consciousness damage control, after the general consensus on the internet points to blaming China for the global pandemic currently placing billions around the world on lockdown.

Several stories have emerged worsening China’s diplomatic image as several countries report faulty PPE to combat the spread of the Covid-19. The White House reported on face masks donated to Beijing from Italy being forcefully sold back as the Mediterranean country struggles to tackle the pandemic.

Last Year, Silicon Valley was reportedly colluding with China in the creation of an extra-legal social credit system as individual freedoms are trounced in order to contain the coronavirus.

Source: https://nationalfile.com/forget-russian-bots-chinese-trolls-now-pushing-fake-coronavirus-narratives-on-social-media/

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Kissinger: Coming Conflict Between U.S. and China “Will Be Worse Than World Wars”

Former US secretary of state Henry Kissinger warns that a catastrophic conflict between America and China that will be “worse than world wars” is inevitable unless the two sides sort out their differences.

Kissinger made the comments at an event hosted by the National Committee on US China Relations in New York last night.

“We are in a difficult period now. I am confident the leaders on both sides will realise the future of the world depends on the two sides working out solutions and managing the inevitable difficulties,” said Kissinger.

A permanent conflict between Washington And Beijing would be unwinnable and lead to “catastrophic outcome,” he added.

“It’s no longer possible to think that one side can dominate the other…it will be worse than the world wars that ruined European civilisation,” said Kissinger.

The U.S. and China have been embroiled in a trade war since President Trump began imposing tariffs on thousands of Chinese-made products in a bid to end unfair trading practices.

Source: https://summit.news/2019/11/15/kissinger-coming-conflict-between-u-s-and-china-will-be-worse-than-world-wars/
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Ceasefire: US, China Trade Talks "Back On Track" After Trump Folds On Huawei

The "worst case" trade war scenario was avoided in Osaka on Saturday when Trump agreed to restart trade talks with Xi, holding off new tariffs on Chinese exports, and signaling a pause in the trade hostilities between the world’s two largest economies; Trump added that while existing tariffs would remain in place the US president eased restrictions on Huawei as part of what is now the second ceasefire between the two superpowers in two months, removing an immediate threat looming over the global economy even as a lasting peace remains elusive.

"We had a very good meeting with President Xi of China, excellent, I would say excellent, as good as it was going to be," he said. "We discussed a lot of things and we're right back on track and we'll see what happens", Trump told reporters after an 80-minute meeting with Chinese President Xi Jinping on the sidelines of a summit of leaders of the G-20 major economies in Osaka, western Japan.


President Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan

Trump said while he would not lift existing import tariffs, he would refrain from slapping new levies on an additional $300 billion worth of Chinese goods - which would have effectively extended tariffs to everything China exports to the America.



 “We’re holding back on tariffs and they’re going to buy farm products,” he said vaguely at a news conference, without giving any details of China’s future agricultural product purchases. “If we make a deal, it will be a very historic event.” He gave no timeline for what he called a complex deal but said he was not in a rush. “I want to get it right.”


Whereas Trump and top admin officials alleged that Beijing had reneged on provisions of a tentative trade deal, it was not immediately clear if Xi agreed to return to previous agreements as part of the new truce.

Trump, however, did relent on one of the major sticking points, saying U.S. firms would be allowed to sell components to Huawei, the world’s biggest telecom network gear maker, where there was no national security problem. The president said the U.S. commerce department would meet in the next few days on whether to take it off a list of firms banned from buying components and technology from U.S. companies without government approval.

"I like our companies selling things to other people, so I allowed that to happen," Trump said. “We’re talking about equipment where there’s no great national security problem with it.” In recent months, the Trump administration has been lobbying allies around the world not to buy Huawei equipment, which the U.S. says could be used for Chinese espionage.

Huawei was delighted by the news on its verified Twitter account: “U-turn? Donald Trump suggests he would allow #Huawei to once again purchase U.S. technology!”




Predictably, China also welcomed the step. “If the U.S. does what it says, then of course, we welcome it,” said Wang Xiaolong, the Chinese foreign ministry’s envoy for G20 affairs.

Trump said he had not yet decided how to allow U.S. companies to continue selling to Huawei or whether to remove the tech giant from the Commerce Department’s entity list. He said he would meet with advisors next week to determine how to proceed.

U.S. microchip makers also applauded the move. “We are encouraged the talks are restarting and additional tariffs are on hold and we look forward to getting more detail on the president’s remarks on Huawei,” John Neuffer, president of the U.S. Semiconductor Association, said in a statement. Recently, Broadcom warned of a broad slowdown in demand as a result of Huawei sanctions and slashed its revenue forecast.

And yet, it was not clear how long the exemption would last. Trump said he had agreed with Xi to wait until the very end of trade talks to resolve broader issues around Huawei, including Washington’s lobbying campaign against allies buying its 5G equipment.

“Huawei is a complicated situation,” Trump said. “We’re leaving Huawei toward the end. We’ll see where we go with a trade agreement.”

The concession will likely draw criticism in Washington where national security hawks have urged Trump not to ease any pressure against Huawei. The company has long been the target of concern at the Pentagon and intelligence agencies in part over what the U.S. claims are its close ties to the Chinese military.




In exchange for his Huawei concession, Trump said Xi Jinping had promised to buy “tremendous” amounts of U.S. agricultural products. “We’re going to give them a list of things we’d like them to buy,” Trump said at a news conference following the Group of 20 summit in Osaka, Japan. However, as Bloomberg notes, the first indications the second fragile truce will collapse soon is that the Chinese official media reports said only that the U.S. president hopes China will import more American goods as part of the truce, without an actual confirmation it will do so.

For now, however, the second truce, after a similar ceasefire was announced on December 1 at the Buenos Aires G-20 summit, has been achieved, offering relief from a nearly year-long trade standoff in which the countries have slapped tariffs on billions of dollars of each other’s imports, disrupting global supply lines, roiling markets and dragging on global economic growth.


In a lengthy statement on the two-way talks, China’s foreign ministry quoted Xi as telling Trump he hoped the United States could treat Chinese companies fairly. On the issues of sovereignty and respect, Xi said that "China must safeguard its core interests."

“China is sincere about continuing negotiations with the United States ... but negotiations should be equal and show mutual respect,” the foreign ministry quoted Xi as saying.

Trump had threatened to extend existing tariffs to almost all Chinese imports into the United States if the meeting brought no progress on wide-ranging U.S. demands for reforms.

The return to the negotiating table ends a six-week stalemate that has unnerved companies and investors, and at least temporarily reduces fears that the world’s two largest economies are headed into a new cold war, which they still are but only after the current stalemate ends allowing the S&P to rise above 3,000 in the the meantime. Because, as Bloomberg notes, it’s unclear how they can overcome differences that led to the collapse of a previous truce reached at the G-20 in November.

* * *

While Trump and Xi were all smiles at their press briefing, the bad blood between the two leaders behind the scenes is clearly still there. Xi spent much of the summit’s first day Friday promising to open up the Chinese economy, and attacking the U.S. (without naming it) for its attack on the global trading system. As Bloomberg reported, Xi took a "not-so-subtle swipe" at Trump’s “America first” trade policy in remarks to African leaders on Friday, warning against “bullying practices” and adding that “any attempt to put one’s own interests first and undermine others’ will not win any popularity.” Xi also called out the U.S. over Huawei and said the G-20 should uphold the “completeness and vitality of global supply chains.”


For now, however, there is optimism.

“Returning to negotiations is good news for the business community and breathes some much needed certainty into a slowly deteriorating relationship,” said Jacob Parker, a vice-president of China operations at the U.S.-China Business Council. But "now comes the hard work of finding consensus on the most difficult issues in the relationship, but with a commitment from the top we’re hopeful this will put the two sides on a sustained path to resolution,” he said.

Others were more skeptical, and warned the pause - just like the first ceasefire - will not last.
“Even if a truce happens this weekend, a subsequent breakdown of talks followed by further escalation still seems likely,” Capital Economics said in a commentary on Friday, quoted by Reuters.
The United States says China has been stealing American intellectual property for years, forces U.S. firms to share trade secrets as a condition for doing business in China, and subsidizes state-owned firms to dominate industries. Meanwhile, China has said the United States is making unreasonable demands and must also make concessions.

The talks collapsed in May after Washington accused Beijing of reneging on reform pledges. Trump raised tariffs to 25% from 10% on $200 billion of Chinese goods, and China retaliated with levies on U.S. imports.

The U.S.-China feud had cast a pall over the two-day G20 gathering, with leaders pointing to the threat to global growth. In their communique, the leaders warned of growing risks to the world economy but stopped short of denouncing protectionism, calling instead for a free, fair trade environment after talks some members described as difficult.

* * *

Finally, global markets will breathe a sigh of relief on news of the resumption in U.S.-China trade talks, even as an official deal remains elusive, and there is no indication of how the two countries will bridge the most difficult aspect of a feud that has emerged beyond simple trade and now affects most aspects of US and Chinese life.

The flip-side is that with trade talks back on, the Fed will feel far less pressure to ease in July, and since in June stocks exploded higher on hopes that the Fed will cut rates as much as 50bps next month, such a reversal in US-China relations could potentially prevent Powell from capitulating, and leave the Fed on hold, an outcome which would lead to a sharp drop in US capital markets. Indeed, in recent weeks, the S&P has returned to record highs, treasury yields have tumbled to their lowest level in years. The Japanese yen, a traditional beneficiary of flight to quality, has gained, while the U.S. dollar has slipped across the board, including against China’s yuan.

Source: https://www.zerohedge.com/news/2019-06-29/ceasefire-us-china-trade-talks-back-track-after-trump-concedes-huawei
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Will US Elites Give Détente With Russia a Chance? By Prof. Stephen F. Cohen

The Trump-Putin meeting in Japan is crucial for both leaders—and for the world.


Despite determined attempts in Washington to sabotage such a “summit,” as I reported previously, President Trump and Russian President Putin are still scheduled to meet at the G-20 gathering in Japan this week. Iran will be at the top of their agenda. The Trump administration seems determined to wage cold, possibly even hot, war against the Islamic Republic, while for Moscow, as emphasized by the Kremlin’s national security adviser, Nikolai Patrushev, on June 25, “Iran has been and will be an ally and partner of ours.”

Indeed, the importance of Iran (along with China) to Russia can hardly be overstated. Among other reasons, as the West’s military alliance encroaches ever more along Russia’s western borders, Iran is a large, vital non-NATO neighbor. Still more, Teheran has done nothing to incite Russia’s own millions of Muslim citizens against Moscow. Well before Trump, powerful forces in Washington have long sought to project Iran as America’s primary enemy in the Middle East, but for Moscow it is a necessary “ally and partner.”

In normal political circumstances, Trump and Putin could probably diminish any potential US-Russian conflict over Iran—and the one still brewing in Syria as well. But both leaders come to the summit with related political problems at home. For Trump, they are the unproven but persistent allegations of “Russiagate.” For Putin, they are economic.


As I have also previously explained, while there was fairly traditional “meddling,” there was no “Russian attack” on the 2016 American presidential election. But for many mainstream American commentators, including the editorial page editor of The Washington Post, it is an “obvious truth” and likely to happen again in 2020, adding ominously that Trump is still “cozying up to the chief perpetrator, Russian President Vladimir Putin.” A New York Times columnist goes further, insisting that Russia “helped to throw the election” to Trump. Again, there is no evidence whatsoever for these allegations. Also consider the ongoing assault on Attorney General William Barr, whose current investigation into the origins of “Russiagate” threatens to conclude that the scandal originated not with Russia but with US intelligence agencies under President Obama, in particular with the CIA under John Brennan.

We should therefore not be surprised, despite possible positive national security results of the Trump-Putin summit in Japan, if the US president is again widely accused of “treason,” as he so shamefully was following his meeting with Putin in Helsinki in July 2018, and as I protested at that time. Even the Times’ once-dignified columnist pages thundered, “Trump, Treasonous Traitor” and “Putin’s Lackey,” while senior US senators, Democrat and Republican alike, did much the same.
Putin’s domestic problem, on the other hand, is economic and social. Russia’s annual growth rate is barely 2 percent, real wages are declining, popular protests against officialdom’s historically endemic corruption are on the rise, and Putin’s approval rating, while still high, is declining. A public dispute between two of Putin’s advisers has broken out over what to do. On the one side is Alexei Kudrin, the leading monetarist who has long warned against using billions of dollars in Russia’s “rainy day” funds to spur investment and economic growth. On the other is Sergei Glaziev, a kind of Keynesian, FDR New Dealer who has no less persistently urged investing these funds in new domestic infrastructure that would, he argues, result in rapid economic growth.

During his nearly 20 years as Kremlin leader, Putin has generally sided with the “rainy day” monetarists. But on June 20, during his annual television call-in event, he suddenly, and elliptically, remarked that even Kudrin “has been drifting towards” Glaziev. Not surprisingly, many Russian commentators think this means that Putin himself is now “leaning toward Glaziev.” If so, it is another reason why Putin has no interest in waging cold war with the United States—why he wants instead, indeed even needs, a historic, long-term détente.

It seems unlikely that President Trump or any of the advisers currently around him understand this important struggle—and it is a struggle—unfolding in the Russian policy elite. But if Trump wants a major détente (or “cooperation,” as he has termed it) with Russia, anyone who cares about international security and about the well-being of the Russian people should support him in this pursuit. Especially at this moment, when we are told by the director of the United Nations Institute for Disarmament Research that “the risks of the use of nuclear weapons…are higher now than at any time since World War Two.”

This commentary is based on Stephen F. Cohen’s most recent weekly discussion with the host of The John Batchelor Show. Now in their sixth year, previous installments are at TheNation.com.

Stephen F. Cohen is a professor emeritus of Russian studies and politics at New York University and Princeton University. A Nation contributing editor, his new book War With Russia? From Putin & Ukraine to Trump & Russiagate is available in paperback and in an ebook edition.
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RUSSIA SURPASSES CHINA IN GOLD HOLDINGS


The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world's fifth largest holder behind the US, Germany, France and Italy.
China dropped to sixth place as it reported an increase in gold reserves just once in more than two years – to 59.6 million ounces in December 2018 from 59.2 million ounces in October 2016.
Industry sources told Reuters that Western sanctions against Russia lifted the country’s gold buying to record highs in 2018. One of the reasons Russia's Central Bank was betting on the yellow metal was because it could not be frozen or blacklisted, sources explained.
“It seems that there is an aim to diversify from American assets,” said a source in one of Russia’s gold producers, referring to the Central Bank's holdings.
While purchases of the precious metal by Russia jumped last year the country continued getting rid of US Treasury securities.
Earlier this month, Russia’s Central Bank reported that it cut the share of the US dollar in the country’s foreign reserves to a historic low, transferring nearly $100 billion into the euro, the Japanese yen and the Chinese yuan. The step came as a part of a broader state policy on eliminating reliance on the greenback.
According to sources, the Central Bank has been purchasing a significant portion of Russia's domestic gold production, which is also rising.
The world's third largest gold producer, Russia boosted its 2017 gold output by six percent. Data from Russia's Finance Ministry showed the country produced 8.5 million ounces (265 tons of gold) in January-October 2018. The Russian gold mining sector has nearly doubled its volume of extraction over the last two decades.
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The EU Votes for the Installation of New US Missiles in Europe


Near the United Nations Glass Palace in New York, there is a metallic sculpture entitled “Evil Defeated by Good”, representing Saint George transfixing a dragon with his lance. It was donated by the USSR in 1990 to celebrate the INF Treaty concluded with the USA in 1987, which banned land-based short- and mid-range nuclear missiles (a reach of between 500 and 5,000 km). Symbolically, the body of the dragon is in fact made with pieces of US Pershing-2 ballistic missiles (originally based in West Germany) and Soviet SS-20 missiles (originally based in the USSR).
But the nuclear dragon, which in the sculpture is shown as dying, is now being reborn. Thanks to Italy and other countries of the European Union, which, at the United Nations General Assembly, voted against the resolution presented by Russia on the “Preservation and Implementation of the INF Treaty”, rejected by 46 to 43 with 78 abstentions.
The European Union – of which 21 of its 27 members are part of NATO (including the United Kingdom, which is currently leaving the EU) – has thus taken a uniform stance with the position of NATO, which in turn has taken a uniform stance with that of the United States.


Source: PandoraTV
The Obama administration first, followed by the Trump administration, have accused Russia, without any proof, of experimenting with a missile from the forbidden category, and have announced their intention of withdrawing from the INF Treaty. At the same time, they have launched a programme aimed at renewing the installation of nuclear missiles in Europe to guard against Russia, while others will also be based in the Asia-Pacific region against China.
The Russian representative at the UN has warned that “this constitutes the beginning of a full-blown arms race”. In other words, he warned that if the United States should once again install in Europe nuclear missiles pointed at Russia (as were the Cruise missiles based in Comiso in the 1980’s), Russia would once again install, on its own territory, similar weapons pointed at targets in Europe (but which would be unable to reach the USA).
Ignoring all that, the EU representative at the UNO accused Russia of sabotaging the INF Treaty, and announced the opposition vote by all the countries of the Union because “the resolution presented by Russia avoids the question under discussion”.
Essentially, therefore, the European Union has given the green light to the possible installation of new US missiles in Europe, including Italy.
On a question of this importance, the Conte government, like its predecessors, has abandoned the exercise of national sovereignty and aligned itself with the EU, which, has in turn adopted the position of NATO, under US command. And across the entire political arc, not one voice has been raised to request that it should be the Parliament which decides how to vote at the UNO. And similarly, no voice has been raised in Parliament to request that Italy observe the Non-Proliferation Treaty, which requires that the USA must withdraw its B61 nuclear bombs from our national territory, and must also abstain from installing here, as from the first half of 2020, the new and even more dangerous B61-12’s.
So this is a new violation of the fundamental constitutional principle that “sovereignty belongs to the people”. And since the politico-media apparatus swaddles Italians in the ignorance of these questions of such vital importance, it is also a violation of our right to information, not only in the sense of the freedom to inform, but also the right to be informed.
We must do this now, or else tomorrow there will be no time to decide – a mid-range ballistic missile can reach and destroy its target with its nuclear warhead in between 6 and 11 minutes.
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Russia’s trade with China surges to more than $107 billion

© Sputnik / Vitaliy Belousov
Trade turnover between Russia and China soared by nearly 30 percent in 2018, reaching a record number of $107.06 billion, according to the latest report released by China’s General Administration of Customs (GAC).
The agency noted that last year Russian imports of Chinese goods increased by 12 percent to $47.98 billion. At the same time, China’s imports from Russia grew by 42.7 percent, reaching $59.08 billion. In December alone, the volume of trade between the neighboring countries reportedly totaled $9.8 billion.
Russia-China trade turnover has grown significantly over recent years. In 2017, mutual trade amounted to $84.07 billion demonstrating a growth of 20.8 percent. In 2016, the trade turnover grew by 2.2 percent in annual terms to $69.52 billion.
Russia became China’s number one partner when it comes to trade growth dynamics, according to the GAC spokesman Li Kuiwen. The spokesman added that China had mostly exported electromechanical goods to Russia, while purchased oil, coal, and wood.
Last week, the Chinese commerce ministry said that mutual trade between the countries in December reached $100 billion for the first time ever. Russia is currently ranked as China’s tenth biggest trade partner. Beijing remained a major importer of Russian produce, accounting for 15 percent of the country’s international trade as of 2017.
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‘Best New Year’s gift to Russia’: Putin boasts successful test of Avangard hypersonic glider

CGI showing deployment of an Avangard glider by Russian Defense Ministry

The Russian defense ministry has conducted the final successful test of the Avangard hypersonic glider before its entry into service, Russian President Vladimir Putin announced. The weapon will be deployed in 2019, he added.
Related: [Video] Russian Nukes: A Warning To Globalists
A hypersonic glider is a special type of a warhead, which can fly through the atmosphere at a high speed. This extends the range of a missile, potentially increases accuracy and makes defending against it harder through unexpected maneuvers. But prolonged controlled flight requires special protection of the glider from heat and shock produced at hypersonic speeds. China, the US and Russia are considered the most advanced nations in the relevant technologies, and Moscow claims it is winning the race with the Avangard project.

“The test was finished just now in a complete success,” Putin told the cabinet on Wednesday. “All its specifications were confirmed.”
The president said the first regiment armed with missiles carrying Avangard gliders will be deployed in Russia next year.
"It’s a big event for the armed forces, and probably for the entire country. Russia has a new kind of strategic weapons."
In a separate statement, the Kremlin said that the Avangard glider tested on Wednesday was fired from the Dombarovsky site in southern Russia and targeted the test range in Kura in the Kamchatka Peninsula. The glider performed vertical and horizontal maneuvers in flight and accurately hit its intended target at a range, the statement said.

Avangard is one of five advanced weapon systems, which Putin presented in March this year as Russia’s response to the development by the US of anti-ballistic missile systems. Washington insists that its global ABM shield is meant to protect it and its allies from states like Iran and North Korea. Moscow believes it to be deception and sees the American effort as an attempt to undermine Russia’s nuclear deterrence.
The glider allows attacking targets that would normally be protected from a traditional ballistic missile warhead. It can take a course around land sites and warships with anti-ballistic missile capabilities or rely on its speed and maneuverability to avoid interception.
The project remains highly classified and even the appearance of the glider was not shown to the public. The video of the test released by the defense ministry showed only the launch of the carrier vehicle, but not the deployment of the glider, it’s flight or the moment it hit the target. According to Moscow’s statements’ Avangard can travel at the speed of over 20 Mach and its composite material hull withstands temperatures of up to 2,000 Celsius. The weapon is believed to be impossible to counter by any ABM systems for decades to come.

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EUROPE SHOULD BECOME AN “EMPIRE” SAYS FRENCH FINANCE MINISTER

France’s finance minister has called on Europe to become an “empire” so that it can better compete with the United States and China.
Asserting that “it takes courage to stand in the way of the government” of Donald Trump, Bruno Le Maire told Handelsblatt newspaper that, “Europe should no longer be afraid of using its power and [become] an empire of peace.”
“I’m talking about a peaceful empire which is a constitutional state,” he added.
Le Maire’s statement follows French President Macron’s call for a “real European army” to counter Russian threats and reduce dependence on the U.S.
During yesterday’s Armistice centenary in Paris, Macron also urged world leaders to reject nationalism, claiming it represented a “betrayal of patriotism”.
Given the internal situation in France, it might be advisable for Le Maire and Macron to focus on their own country’s problems.
In an interview published last month, the country’s former Interior Minister warned that mass immigration could bring societal breakdown within five years.
“Communities in France are engaging in conflict with one another more and more and it’s becoming very violent,” said Gérard Collomb, agreeing with the interviewer that some form of societal breakdown like partition or secession was a major concern.
“How much time do we have before it’s too late?” the interviewer asked Collomb, to which he replied, “I don’t want to create fear, but I think there’s very little time left….It’s difficult to estimate, but I would say that within five years the situation could become irreversible. Yes, we have five, six years to avoid the worst.”
President Macron’s failure to deal with Islamic extremism and tensions caused by dislocated communities of migrants has contributed to his approval rating continuing to plummet.
poll published at the end of last month found that Macron’s approval had dropped a further 4 percentage points to just 26 per cent.

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