CategoryEconomics

Philippines Promises China: South China Sea Will Not Be on the APEC Agenda

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Nov. 12, 2015 (EIRNS)–In another sign that the Philippines has seen the writing on the wall, President Aquino is reported in the Philippine Inquirer today to have told visiting Chinese Foreign Minister Wang Yi that the South China Sea issue will not be on the agenda of the APEC Summit, which will be held in Manila from Nov. 17-19, with both Presidents Xi Jinping and Obama present. The...

China and Brazil Reach Agreement on Iron Ore Shipments

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Aug. 25, 2015 (EINRS)–Brazil’s Vale, the world’s largest exporter of iron ore to China, a few years ago ordered 35 new, giant “Valemax” ships (400,000 DWT–deadweight tons–bigger than any other cargo ship out there), and have already taken delivery on 30 of them from Chinese and South Korean shipbuilders. However, Chinese shipping companies, who feared...

Philippines President Implements Obama’s Dictatorship by Foreign Bankers

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August 4, 2015 (EIRNS)–The well-known Filipino journalist and author Rod Kapunan, writing in the Manila Standard on Aug. 1, exposed the government of Obama’s puppet President Noynoy Aquino for allowing 100% foreign ownership of Philippine banks, which took effect on July 14. Kapunan shows that the bill implementing this policy explicitly breaches the Constitutional provisions designed...

TPP Also Aimed Against Influence of BRICS, Says Policy Expert

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July 24 (EIRNS)–Speaking at a hearing on the South China Sea before the House Foreign Affairs Committee on July 23, Patrick Cronin, a senior adviser to the Center for a New American Security (CNAS), indicated that the Obama trade boondoggle, TPP, was not simply a wedge against China, but against the growing influence of the BRICS. “Completing the Trans-Pacific Partnership can...

Chilean President Bachelet and China’s Xi Jinping Confirm Potential for Greater Economic and Political Ties

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Nov. 12, 2014 (EIRNS)–Prior to departing Beijing, where she attended the APEC summit, Chilean President Michelle Bachelet met with her Chinese counterpart, Xi Jinping, during which, as she reported afterward, the two reviewed their bilateral ties and “agreed on accelerating our efforts so that our joint action plan can become reality as quickly as possible.” Recalling the...

Twenty-One Asian Nations Sign Memorandum of Understanding Establishing Asian Infrastructure Investment Bank

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Oct. 24, 2014 (EIRNS)–Twenty-one Asian countries signed a Memorandum of Understanding (MOU) on establishing the Asian Infrastructure Investment Bank (AIIB) as founding members today in Beijing in a ceremony at the Great Hall of the People. Chinese President Xi Jinping met with the representatives of the 20 other countries later in the day, Xinhua reported. The 21 countries are: Bangladesh...

China-Asean EXPO – “Jointly Building the 21st Century Maritime Silk Road”

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Sept. 18, 2014 (EIRNS)–The 11th China-ASEAN EXPO is taking place in Nanning, the capital of Guangxi Province, from Tuesday to Friday. There are 4,600 exhibitors, 1,259 from the ten ASEAN countries. Xinhua notes that China is ASEAN’s largest trading partner, and ASEAN is China’s third-largest trading partner, and trade is expanding at a greater-than-10% rate per year. The theme...

China Expands Strategic/Economic Partnership with Southeast Asia Nations

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Aug. 10, 2014 (LPAC)–This weekend’s meeting of the ASEAN Foreign Ministers, which was also attended by representatives of China, India, Russia, the U.S., the EU, Japan, South Korea, and Australia, resulted in two significant advances for China’s global role. The meeting was hosted by Myanmar. First, as reported in a wire in the {Daily Times} of Pakistan, China and ASEAN (Brunei...

Secretaries Kerry and Lew in Beijing for Annual Strategic Dialogue; They Spoke of The “Success” of the US Economy, Asia Pivot

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July 9, 2014 (EIRNS)–Secretary of State John Kerry and Secretary of Treasury Jack Lew were in Beijing, today, for the annual Strategic and Economic Dialogue; they distinguished themselves for wild defense of how great a success is the U.S. economy, and the how the Asia Pivot non-confrontational. Their delegation included Admiral Samuel Locklear, the commander of the U.S. Pacific Command...

IMF Warns of Housing Bubble

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June 12, 2014 (EIRNS)–Under the front-page banner headline, “IMF Sounds Housing Alarm,” the {Financial Times} reports that IMF Deputy Managing Director Min Zhu, warned of the dangers of dramatically rising housing prices in various countries. He made this statement at a Bundesbank seminar prior to the ECB’s decision to open the floodgates, but it was kept secret until now...

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