HANGZHOU – Two brothers and their father were sentenced to death on Monday for cheating 15,000 investors out of over $1.1 billion in east China’s Zhejiang province. Ji Wenhua, president of the Yintai Real Estate and Investment Group, was sentenced to death for the crime
Dan Collins CMR “Gold going to $7,000”, an article today in the Chinese media is going viral and one of the most viewed articles in the financial press. The article references American Jim Rickards and his concept of comparing inflation-adjusted gold prices. Most Chinese economists
Dan Collins CMR When I moved to China back in 1998 I was surprised to learn how highly the Chinese thought of America. Of course China was a much poorer place back then but coming from the Detroit area I couldn’t fathom where was all
It’s not uncommon for the large Wall Street banks to combine in shorting an entire years supply of minded silver in a single day.The same goes for all commodities. Endless paper printing getting funneled to Wall Street has destroyed all real price discovery. Capitalism fails
You have to laugh at the whole “China will collapse crowd” on CNBC and even respected sites like Zero Hedge. Personally, I love the Zerohedge stuff. They understand the ponzi-financial fraud-money printing-welfare state economy that now envelops the West. But China is a real economy,
Chanos is back! His short China thesis is very long in the tooth but as it goes with most ego maniacs he cannot accept failure or that fact that he might be wrong. Being wrong on an entire country where you have never visited and
Breaking News today that a Chinese vessel as rammed and sunk a Vietnamese fishing boat. All countries in the South China Sea and East China Sea are using fishing boats in a game of cat-and-mouse to challenge each other on their respective areas. This time
Stockswatch China has become a banking powerhouse. Four of the five largest banks in the world are Chinese, according to SNL Financial’s latest global bank rankings. It’s a big change from the past few years when only two Chinese banks made the top five. Beijing-based
Scared of losing the Chinese tourist dollar, France has relented to China and will allow Chinese police on the streets of Paris. More signs of the benefits of third-world immigration into the West to the point where cultural breakdown has occurred and law and order
D.Collins CMR China’s cloud computing market is expected to be worth 37.2 billion yuan (US$6 billion) in 2017 as demand for the service grows, the Chinese-language China Securities Journal reported on Friday. Some American tech companies are watching the largest and fastest I.T. market in
Gold has been flowing East for a decade. When the West wakes up to the fact that their gold is gone, they will no longer have sound money with which to back a currency. The world has only been off a gold standard since 1971
From the China Daily… BEIJING – China will lower banks’ reserve requirement ratio (RRR) by 0.5 percentage points starting May 18, the country’s central bank announced Saturday. The cut, the second of its kind this year, will drop the RRR for the country’s large financial
One year after the launch of direct trading between the renminbi and Japanese yen, the daily trading volume between the two currencies has reached 50-100 billion Japanese yen on the Shanghai market and 15 billion yen on the Tokyo market, a combined volume double that
Japan will learn the hard way that destroying your currency is not an viable economic strategy. Shanghai Daily JAPAN posted a record 1.63 trillion yen (US$17.4 billion) trade deficit in January as rising exports trailed surging imports of crude oil and gas due to rising
Is China tweaking its numbers on GDP? Probably. For twenty years Chinese GDP roughy came in right on the governments target. This would be an almost magical performance record considering economists in the West can predict absolutely nothing. For years, China most likely lowered GDP
China has 20 nuclear power plants under construction, more than any other country on earth. With Sanmen, the industry is hoping to get the nod to build more reactors at home, and even export the AP1000 technology.
At a small peninsula facing the East China Sea in Sanmen county in Zhejiang province sits the world’s most advanced nuclear reactor, and China’s clarion call to the clean energy industry.
Some day over the next two weeks, the power plant will start loading more than 100 fuel assemblies into the honeycomb core of its AP1000 reactor with a pair of robotic arms, people at the site said.
The arms will move at a snail’s pace, not only because each assembly costs more than 10 million yuan, but their fine metal rods hold millions of thumb-size uranium pallets which together can emit enough heat for more than one gigawatt of electricity, enough to power Tibet’s entire grid.
Many people are waiting with bated breath for Sanmen to go online, because the AP1000 “is a simple, genius solution to reduce the risk of nuclear meltdown,” said Xi’an Jiaotong University’s nuclear science professor Shan Jianqiang, the author of several university texts on reactor safety and operation. The commencement of Sanmen “can be a shot to the arm for the nuclear industry, which has been mired in trouble at home and abroad,” he said.
The AP1000, designed and made by Toshiba Corp’s Westinghouse Electric subsidiary, is equipped with an overhead water tank that can flush the reactor’s core and keep it cool even if every water pump ceases to function in a blackout. Hot water would rise as vapour, dissipating energy from the core’s chain reaction through a heat exchanger into the atmosphere, condense and return to the tank. As long as there is gravity, the cycle would continue without human intervention.
In plain language, the reactor is designed to be meltdown-proof.
Compared with current technology, the AP1000 reactor is theoretically 100 times safer, requires 80 per cent less piping, 85 per cent fewer control cables, and need a third fewer pumps.
Full Article here. China pips US to start world’s first meltdown
The Chinese mainland has again become the largest foreign holder of US Treasury securities, pushing Japan down to second place, according to data revealed by the US Department of the Treasury on Tuesday.
Experts told the Global Times on Wednesday that the situation is a result of improved capital flows and expectations of the yuan strengthening against the US dollar. They added that China might further pump up its holdings of US Treasuries if these trends persist.
The US Treasury data showed that in June, China bought $44.3 billion US Treasury securities, bringing its total holdings of US bonds, notes and bills to about $1.15 trillion in total.
The Chinese mainland has been increasing its holdings of US Treasuries for six consecutive months.
Japan, which replaced China as the US’ biggest Treasury securities holder last October, sold about $20 billion of Treasuries in June. Its current holdings of US Treasuries amount to about $1.09 trillion.
The US Treasury data also showed that Hong Kong is currently the ninth biggest holder of US Treasuries, with its holdings reaching approximately $203 billion.
Four to six schools will be created over the next decade, as the industry
struggles to meet demand for cybersecurity experts
China is planning four to six “world-renowned” cybersecurity schools by 2027,
as it ramps up its efforts to build a strong army of professionals to combat
cyber attacks, in an increasing digitalised world.
The Cyberspace Administration of China, the country’s top internet regulator,
and the Ministry of Education said they will roll out the nationwide project
over the next decade in order to create “internationally recognised and
influential” schools for the training of cybersecurity talent.
The two are inviting Chinese universities, which have sizeable cybersecurity
faculties, to sign up for the project.
Once the best have been chosen, they will be provided with policies and
investment to remake themselves as leading cybersecurity schools, the Ministry
said in a notice published on it website on Tuesday.
The ambitious plan comes within three months of China’s new Cybersecurity Law,
which came into effect on June 1, fuelling the need for top talent to better
protect the country’s 751 million people who actively connect with the internet,
via a social network, to their bank accounts.
The two authorities said they will explore the possibilities of setting up juvenile
classes too for children who show gifted skills in cybersecurity, as well as
improving current training programmes for those who study cybersecurity in colleges
and graduate schools.
Industry insiders say that China already has a strong community of cybersecurity
professionals, but that supply just cannot meet demand.
Cybersecurity specialist have become one of the hottest jobs, with average annual
pay increases of between 25 and 35 per cent, five percentage points higher than
other jobs in IT, according to a recent survey by Hays, the global recruiting firm.
The ImageNet competition was launched in 2010. ImageNet is a Large Scale
Visual Recognition Challenge has become a benchmark AI competition in object
category classification and detection on hundreds of object categories and
millions of images.
In 2016, Trimps-Soushen, a team supported by the Ministry of Public Security,
won in object recognition and detection, while researchers from Nanjing
University of Information Science and Technology won in the video
This year’s ImageNet ended with Chinese AI teams’sweeping victory, yet again.
All the top performers were from China, and more than half of the 27 competing
teams were Chinese-based universities or institutes.
On the image classification challenge, the prize went to a team called WMW,
which included two experts from Beijing-based startup Momenta and another one
from Oxford University. Their error rate was 2.25 percent. Another team called
DBAT won the title in the object detection challenge, with an accuracy rate at
73.1 percent. DBAT consisted of eight experts from Nanjing University and two
from Imperial College London.
Strong performance among Asian hedge funds through the second quarter is having an effect on asset flows, according to new data from Hedge Fund Research, with the alternative investment segment seeing its first quarterly inflows in two years and bringing Asian hedge fund capital to its highest level since the fourth quarter of 2015.
The gains were led by funds investing in China and India, HFR said in its latest HFR Asian Hedge Fund Industry Report. The HFRX India Index gained +6.4% in the second quarter, bringing YTD performance to +26.6%, topping the Sensex 30 Index by over 1000 basis points for 1H17. Chinese hedge funds as tracked by the HFRX China Index rose +5.2% in 2Q17 is up +16.2% for 1H17 – topping benchmark measures of Chinese equities in 1H17 by more than 1300 basis points.
Total capital invested in Asian hedge funds rose to $117.1 billion, a quarterly increase of $6.7 billion, HFR said. New net capital inflows totaled $1 billion. Total capital invested in China-focused hedge funds increased to $52.5 billion through mid-year, a YTD increase of $3.9 billion.
Other highlights from HFR’s Asian Hedge Fund Industry Report:
Asian-located hedge funds investing in Equity Hedge (EH) and Event-Driven (ED) strategies led performance through mid-year, with Asian-located EH funds returning +12.2% in 1H17, while Asian-located ED funds gained +10.5%. Both metrics outperformed their respective broad-strategy HFRI peers.
The HFRI EM: Asia ex-Japan Index gained +15.0% in 1H17, which, alongside contributions from funds investing in Middle East, Russia/Eastern Europe and Latin America, drove HFRI Emerging Markets (Total) Index performance to +9.6% in 1H17.
Hedge funds focused on Japan were also up through 1H17 as the Japanese Yen climbed against the U.S. dollar, with the HFRI Japan Index advancing +3.0% in 2Q17, bringing 1H17 gain to +6.8%. This topped the performance of the Nikkei 225 by approximately 200 basis points. Total capital managed by hedge funds focused on Japan rose to $28.6 billion through mid-year.
Who rules East Europe commands the Heartland; who rules the Heartland
commands the World-Island; who rules the World-Island controls the world.
– Halford Mackinder
The world is splitting into 2 factions. It’s Eurasia vs The Dying West. The U.S.
is in political free-fall.Journalism has become a joke.The country is caught in
the last death-throes of political correctness.The transvaluation of all values
as Nietzsche would say.
Trump may have came to late to save The United States of Ponzi.Now a
De-industralized, War-mad,drug addicted country living off printed money and
The vacuum of power left on the world stage ever beckons the new world order
led by a hybrid Eurasian power anchored by China and Russia. Most of the
developing world are now satellites of an economically resurgent China.
When Serbia, Romania, Argentina, or South Africa need development funds or
technology they look to Beijing now.They no longer look to London, D.C. or
Berlin. The One-Belt one road project is now bringing all of Central Asia
into its sphere and will drive power projection from China through Asia and
into East Europe.
China has just conducted its 90th anniversary celebration of the founding of the
People’s Liberation Army. Military parades in China are nothing new but this one
has several changes that smack of China moving quickly towards battle readiness.
The first of these signs were the fact that the 12,000 troops on display were in
battle fatigues not military dress.Even Premiere Xi was in a Camouflage uniform.
He told the troops to “be ready to assemble at the first call and be capable of
fighting and winning any battle”.President Xi Jinping went on to say that China
needs a strong army more than ever, urging the building of the People’s
Liberation Army (PLA) into a world-class military force. He went on to say that
“The world is not all at peace, and peace must be safeguarded. Today, we are
closer to the goal of the great rejuvenation of the Chinese nation than any other
time in history, and we need to build a strong people’s military more than any
other time in history”.
In addition to 12,000 troops more than 600 pieces of military hardware were
displayed with nearly half of the weapons being new or modified versions that
had hardly been shown in public before.
China’s latest J-20 stealth fighters made their parade debut. The J-20 is China’s
indigenous fourth-generation medium and long-range fighter jet. It made its maiden
flight in 2011 and was first displayed in public at the 11th Airshow China in
Zhuhai,Guangdong Province, in November 2016. Besides the J-20, J-16 fighters
and Y-20 heavy transport aircraft were also among the new aircraft making parade
Other cutting-edge weapons like 8×8 all-terrain vehicles, radar-and-communication
jamming drones and solid-fuel intercontinental missiles were among about 600 pieces
of military hardware on display.
But the highlight of the parade was the host of conventional and nuclear missiles
from the PLA’s newly established Rocket Force.
They include the Dongfeng-26 ballistic missile, which can be fired at short notice
and fitted with a nuclear warhead, the Dongfeng-21D land-based anti-ship ballistic
missile described by some as the “carrier killer,” and the Dongfeng-16G conventional
missile designed for precision strikes against key enemy targets.
World Sleep Walks into Disaster as world’s second largest country just occupied the world’s largest.
As the American media dedicates 90% of its media time in open sedition
again their Democratically elected leader, the world is sleep walking
into catastrophe. The world’s second largest country, India with
1.3 Billion people just occupied a country,China, with 1.4 Billion.
2.7 billion people are now locked in a military stand-off over a small
swath of useless land.
( As we speak, the threats grow more vitriolic. Troops are getting put into
The Chinese government has shown huge restraint thus far.It is now known as
the Doklam transgression. India has occupied the disputed territory. China
is ready to send its own troops in to displace them as they did in 1962.
India’s position is that Doklam is territory in dispute between China and
Bhutan, and it has been invited there by Bhutan, its protectorate state.
Furthermore, it claims China’s road construction in Doklam poses a strategic
threat to the “chicken’s neck,” referring to the 27-kilometer-wide Siliguri
Corridor to the south of Doklam that connects the northeastern part of India
with the rest of the country.
This road in Doklam has been there for at least a decade under firm Chinese
China is now threatening that India is harboring terrorists by supporting the
Dalai Lama. They have publicly claimed the Dalai Lama after fleeing to India
in 1959 became a CIA henchman supporting and organizing terrorist bombings
through the Tibetan Youth Congress, the armed wing of the Dalai Lama’s regime
China is now threatening to give a second lesson to India. Let’s hope the
shooting does not start and the situation does not escalate. The U.S. has no
media left to even cover the situation and put public pressure on both Nuclear
powers to remain calm.
The world could be sleepwalking into disaster.
China’s holdings of US Treasuries climbed to $1.1 Trillion in May signaling that
the Bank of China is once again increasing Treasury purchases to hold down the
currency.Both China and Japan are in a tight competition to buy up U.S. debt and
keep domestic currencies lower. China’s Treasury reserves now stand at $1.1tn and
Japan’s reserves stand at $1.11tn. The only question is which country can print
more fiat currency to take and retain the title of the largest holder of U.S. debt.
Clearly, when comparing domestic economies and cities such as Wuhan vs Memphis,
Guangzhou vs Cleveland,Detroit vs….any Chinese city, the world has clearly
changed.The U.S. economy is only a shadow of its former self with over-inflated GDP
numbers propped up by insane healthcare costs, massive financial leverage and a
double counting of imported manufacturing components without “Value-add” deductions.
The U.S. is now dependent on an underpaid shadow workforce of illegal aliens while
millions of Americans have been sidelined onto dependency of government handouts.
After decades of U.S. current account deficits the U.S. dollar may be overvalued by
more than several hundred percent when compared with the RMB. The U.S. with a
national debt upwards of $20tn now and future liabilities in the hundreds of
trillions there will come a time, when the U.S. Dollar comes under intense, sustained
long term pressure and reaches parity with the RMB.
The only question is “shennme shihou” (i.e when).
South China Morning Post
The facility, estimated to house more than 30,000 server cabinets, is part of Apple’s US$1bn investment programme in one of the country’s poorest areas Apple is looking to double down on its business in mainland China by establishing a data centre in Guizhou province to comply with rigid cybersecurity laws, while supporting Beijing’s efforts to develop one of the country’s poorest areas into a world-class hi-tech hub.
The 41-year-old technology giant, which counts the mainland as its second-biggest market after the United States, said it has partnered with Guizhou-Cloud Big Data Industry Co (GCBD), a government-backed data centre developer and operator, to build the facility in that southwestern province.
The data centre project forms part of a US$1-billion investment programme that Apple has drawn up for the province, according to a Reuters report on Wednesday that cited an Apple spokesman.
“Apple’s new data centre in Guizhou could potentially cover an area of up to 1 million square feet (92,903 square metres), or a total capacity of more than 30,000 server cabinets, supported by 150 megawatts of critical load capacity,” Jabez Tan, the research director at Toronto-based Structure Research, told the South China Morning Post.
Apple imposes 30 per cent tax on China’s digital content creators 
Tan said the estimates for Guizhou’s most high-profile international investor were based on recent data centre developments in the province by e-commerce powerhouse Alibaba Group Holding, as well as telecommunications network operators China Mobile, China Unicom and China Telecom.
“The Guizhou provincial government has been offering a set of incentives, including discounts on electricity from the area’s plentiful supply of hydropower, which has resulted in cloud computing and data centre firms establishing test sites and pilot programmes there,” he said.
New York-listed Alibaba, which owns the Post, signed a framework agreement with the Guizhou provincial government in 2014 to set up an industrial base for its cloud computing business and so-called big data operations.
Hon Hai Precision Industry, the world’s largest contract electronics manufacturer known by its Foxconn trade name, had set up a factory and 46,451 sq m data centre in an industrial zone just outside the provincial capital of Guiyang. The Taiwanese company is the main supplier for Apple’s iPhone.
Apple unveils ‘HomePod’ smart speaker, in bid to challenge Amazon and Google 
Data centres are secure, temperature-controlled facilities used to house large-capacity servers and data storage systems, and equipped with multiple power sources and high-bandwidth internet connections.
These facilities are used by enterprises to remotely store large amounts of data, manage their business applications and host cloud computing operations. Cloud services enable companies to buy, lease or sell software and other digital resources online on demand, just like electricity from a power grid.
“The addition of this data centre [in Guizhou] will allow us to improve the speed and reliability of our products and services, while also complying with newly passed regulations,” Apple said in a statement. “These regulations require cloud services be operated by Chinese companies, so we’re partnering with GCBD to offer iCloud.”
The Mojo Hand, or winning boys luck, is an old Voodoo ritual. It’s basically
a magical charm bag intended to give the holder “Mojo”, or winning boys luck.
Now, Chinese scientists may have cracked the code to winning in a recent
experience by stimulating the pre-frontal cortex of mice and giving them the
Chinese researchers may have revealed the secret of why animals increase their
probability of victory after previous winnings, a phenomenon known as the “winner
In a study published Thursday in the US journal, Professor Hailan Hu’s research
group from Zhejiang University in China reported identifying for the first time a
neural circuit in the brains of mice that plays a role in social dominance.
Stimulating brain cells in this circuit, known as dorsalmedial prefrontal cortex
(dmPFC), significantly boosted a mouse’s chance of becoming the “winner” during
aggressive encounters with other mice.
“Getting to the top of social hierarchy is often not a matter of body size or brute
strength, but rather determined by intrinsic mental factors such as grit, as well as
extrinsic factors such as history of winning. For example, social dominance can be
reinforced by a phenomenon known as the ‘winner effect,'” Hu said. “However, the
neural mechanism that mediates these intrinsic and extrinsic factors was poorly
For the study, Hu’s team performed a standard social dominance test that put male
mice in a tube to face each other. Usually the subordinate animal would retreat and
back out of the tube.
Then, the researchers recorded how much each one engages in certain behaviors such
as push initiation, push-back, resistance, retreat, or stillness. By monitoring
individual brain cells in the dmPFC during such tests, they found a particular subset
became more active during both push and resistance behaviors.
In mice with an established social rank, the researchers inhibited this subset of
dominance brain cells using a drug and found within hours, these mice engaged in
significantly fewer and shorter pushes and push-backs, but in more retreats.
Next the researchers used optogenetics to stimulate the dmPFC cells continuously
during a social dominance encounter.
This instantaneously induced winning against previously dominant opponents with a
90 percent success rate, without affecting the motor performance or anxiety level.
“Importantly, dmPFC activation does not seem to boost dominance by enhancing basal
aggression level or physical strength, but rather by initiating and maintaining more
effortful behaviors during social competition,” Hu said.
The findings could have important implications for treating psychiatric diseases,
the researchers said.
“Considering that an excess or lack of dominance drive is associated with many
personality disorders and mental problems, our results might shed light on the
treatment of these psychiatric diseases,” the study said.
In 2016, Greece signed a €368.5 million deal to sell the operator of Piraeus
port to the Chinese shipping group COSCO. The acquisition has gone quite well
for both the Chinese side and the Greek side as the Port has expanded dramatically
and is being more efficiently run by the Chinese side.
China spent over $9 billion in 2016 buying up Ports. Recently the policy is
accelerating with China now purchasing over $20bn in 2017.
Several months ago , China put forward plans for three ocean-based “blue economic
passages” that will connect Asia with Africa, Oceania, Europe and beyond, in a bid
to advance maritime cooperation under the Belt and Road Initiative.
The China-Indian Ocean-Africa-Mediterranean Sea blue economic passage, will run
westward via the South China Sea to the Indian Ocean, and link with the China-
Indochina Peninsula Economic Corridor, and connect with the China-Pakistan, and
Bangladesh-China-India-Myanmar economic corridors.
The China-Oceania-South Pacific passage will run southward via the South China
Sea into the Pacific Ocean, while another economic passage is also envisioned
linking Europe via the Arctic Ocean.
Four separate initiatives are set for Malaysia, with Chinese company investments
scheduled for the $7.2bn Melaka Gateway, the $2.84bn Kuala Linggi Port, the
$1.4bn Penang Port and the $177m Kuantan port projects, according to company
announcements.Ningbo Zhoushan Port plans to invest $590m into the Kalibaru project,
an expansion of Tanjung Priok, in Indonesia.
Some may be skeptical of China’s eagerness of building these new economic
partnerships. It just so happens that major investments are going into countries
with dispute claims in the South China Sea. One would also notice that once the
One-Belt, One-Road plan is implemented the U.S. Navy will no longer be able to
choke off oil supplies into China at the straights of Malacca.
The old World War 2 era strategies are no longer going to be able to hold.
The world has enter a new Economic Hot War. America is being left far behind as the
world slowly is engulfed by Chinese economic power. The U.S. surrendered this fight
when they let go of their industrial heartland to the mercantilist economies of
Europe and Asia.