Radisson Hotel Chain Is Latest U.S. Giant to Be Snapped Up By Chinese

A unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, which owns brands including Radisson and Country Inns and Suites, the latest in a flurry of overseas investments by Chinese companies. HNA Tourism Group will acquire all of Carlson Hotels Inc., the companies said in a joint statement released late Wednesday that did not disclose the purchase price.
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China Tells Foreign Firms: Brace for Bigger Competitors

Foreign companies -- already with marginal access in industries -- are now up against mercantilist moves including a "Made in China" initiative. China Tells Foreign Firms: Brace for Bigger Competitors Table of Contents:
Scouring China’s annual gathering of leaders for clues about business prospects, foreign companies got a clear message: Brace for bigger, stronger local competitors.
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It’s Time for a Moratorium on Chinese Investment

The Shanghai Chinese Tower, in the center of the financial district in Lujiazui, stands 2000 feet above a city of 24 million people and counting. Fittingly, an American firm designed that tower, now the tallest building in China, and itself a symbol of the country’s rise to greatness. As the drive to position Shanghai as one of the world’s leading financial center continues, one wonders why both the U.S. government and American businesses are actively working towards helping China become a global powerhouse that could eclipse the U.S. and undermine Washington’s own global influence.
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China's CRRC wins $1.3 billion deal to supply Chicago rail cars

China's CRRC Corp has won a $1.31 billion order to build rail cars for Chicago, the city's transit authority said, marking the train maker's second major supplier deal in the United States. The Chicago Transit Authority (CTA) said on Wednesday that it had awarded the order to build 846 railcars to CRRC subsidiary CSR Sifang America, which had submitted the lowest bid. It did not name the other bidders.
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China expects to lay off 1.8 million workers in coal, steel sectors

China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the first time China has given figures that underline the magnitude of its task in dealing with slowing growth and bloated state enterprises.
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Beijing to ban foreign media from publishing online

Foreign press will need permission to publish anything online in China under new rules proposed by the country’s Ministry of Industry and Information Technology earlier this week and reported by Quartz. Under the new provisions, which are due to take effect on March 10 and are the latest evidence that China is clamping down on foreign influence, the government said it hopes to “regulate online publishing” and “promote the healthy and orderly development of online publishing services.”
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China stocks start new week with 5.3% drop

Chinese stocks plunged deeper into negative territory Monday after a brutal first week of the year. The Shanghai Composite closed down 5.3%, and the Shenzhen Composite ended 6.6% lower. The grim day of trading followed steep declines in Chinese stocks last week amid worries over the country's slowing economy and weakening currency.
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Number of Churches Demolished in Just One Chinese Province Has Reached 1,500

The number of churches targeted for demolition in the Chinese province of Zhejiang has reached 1,500 in just two years, according to ucanews.com.After claiming 2014 to be the worst year for religious persecution in China since the Cultural Revolution, observers in and outside the country say this year saw the situation deteriorate further in 2015. Relations between China's religious groups and the Communist Party have not been this strained since the days of Chairman Mao.
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Chinese shares plunge 5.5% as authorities probe brokers over violations

Chinese authorities’ investigations into two major Chinese brokerages over suspected violations drove shares in Shanghai sharply lower Friday.
The Shanghai Composite Index SHCOMP, -5.48%  fell 5.5% to 3,436.30, the largest daily percentage loss since Aug. 18.


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South China Sea: Beijing 'not frightened to fight a war' after US move

China is not afraid of fighting a war against the United States in the South China Sea, a state-run newspaper with links to the Communist party has claimed.
Twenty-four hours after Washington challenged Beijing’s territorial claims in the region by deploying a warship to waters around the disputed Spratly archipelago, the notoriously nationalistic Global Times accused the Pentagon of provoking China.
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China communist party paper says country should join U.S.-led trade pact

China should join at an appropriate time the U.S.-backed regional trade accord the Trans-Pacific Partnership (TPP) as its broad aims are in line with China's own economic reform agenda, an influential Communist Party newspaper said on Sunday.
China is not among the 12 Pacific Rim countries who earlier this month agreed the trade pact, the most ambitious in a generation. The accord includes Australia and Japan among economies worth a combined $28 trillion.


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Chinese media: military must be ready to counter US in South China Sea

Editorial in Global Times, which is close to Communist rulers, condemns Washington’s ‘ceaseless provocations and coercion’
Chinese media criticised the US on Thursday for “ceaseless provocations” in the South China Sea, with Washington expected to soon send warships close to artificial islands Beijing has built in disputed waters.
An editorial in the Global Times, which is close to China’s ruling Communist party, condemned US “coercion”, adding: “China mustn’t tolerate rampant US violations of China’s adjacent waters and the skies over those expanding islands.”


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China 'extremely concerned' by proposed U.S. challenge to claims

China said on Friday it was "extremely concerned" about a suggestion from a top U.S. commander that U.S. ships and aircraft should challenge China's claims in the South China Sea by patrolling close to artificial islands it has built.


China's increasingly assertive action to back up its sovereignty claims in the South China Sea have included land reclamation and the construction of ports and air facilities on several reefs in the Spratly Islands.
The work has rattled China's neighbors, in particular U.S. ally the Philippines, and raised concern in the United States.


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2015: The Year China Goes Broke?

Beijing’s efforts to defend both stocks and the currency are severely straining its finances.
China, the Financial Times noted Friday, could exhaust its foreign exchange reserves within a year as it defends the value of its plunging currency, the renminbi. The paper’s arithmetic is correct of course, but the projection, which at first sounds alarming, is actually optimistic. Beijing might be broke in months—and maybe by the end of this year—despite now holding the world’s largest foreign exchange reserves.


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China's workers abandon the city as Beijing faces an economic storm

Liu Weiqin swapped rural poverty for life on the dusty fringes of China’s capital eight years ago hoping – like millions of other migrants – for a better future. On Thursday she will board a bus with her two young children and abandon her adopted home.
“There’s no business,” complained the 36-year-old, who built a thriving junkyard in this dilapidated recycling village only to watch it crumble this year as plummeting scrap prices bankrupted her family.


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China Devalues Its Currency as Economic Slowdown Raises Concerns

As China contends with an economic slowdown and a stock market slump, the authorities on Tuesday sharply devalued the country’s currency, the renminbi, a move that could raise geopolitical tensions and weigh on growth elsewhere.
The central bank set the official value of the renminbi nearly 2 percent weaker against the dollar. The devaluation is the largest since China’s modern exchange-rate system was introduced at the start of 1994.


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Chinese Stocks Suffer Second Biggest Crash In History, 1,500 Companies Halted Limit Down

After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China's stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the year, overnight China officially lost control for the second time, when after a weak start to the Monday trading session, things turned very ugly in the last hour, when the Shanghai Composite plunged by 8.48%, closing nearly at the lows, and tumbling some 345 points for its biggest one-day drop since February 2007 and its second biggest crash in history!


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China to provide eight submarines to Pak in largest-ever defence deal

China is to provide eight submarines to Pakistan in a multi-billion dollar deal, which is touted to be the largest-ever defence[sic] contract signed by Beijing with any nation so far.
According to The Express Tribune, the Pakistani government did not provide any details and even declined to confirm the size of the transaction, despite the magnitude of the agreement. However, the composition of the Chinese delegation, with whom the agreement was reached, suggested that the accord involved purchase of eight submarines.


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Chinese Hackers Prepare Battlespace for War with America

News broke last week that Chinese hackers had compromised computer databases belonging to the Office of Personnel Management. On the surface, reports of the Obama administration scrambling to contain the damage done by having this information exposed may not make sense. Is it really that big a deal if the Chinese stole lists of government employees? It is when the list is of Americans with top-secret security clearances. According to SOFREP sources, it isn’t just benign human-resources-type information that was stolen, but also lists of active CIA personnel and information pertaining to front companies used as commercial cover by the same agency.

Read more at SOFREP (News & Analysis from military and Spec Ops veterans) Read More......

TALK ABOUT LAUGH: HOW CHINA TURNED OBAMA INTO ITS USEFUL GREEN IDIOT

China’s approach to international energy and environmental policy can be summed up very simply: tell the idiot gwai lo whatever they want to hear – then carry on doing what China wants, regardless.  Fortunately for the prospects of the US economy, it would appear that not every US politician has fallen for the risible line, heavily promoted by the Obama administration and its amen corner in the environmental movement, that China cares every bit as much as the West does about the allegedly urgent need to curb global CO2 emissions.  Two who very much haven’t are Republican senators Roy Blunt (Missouri) and Jim Inhofe (Oklahoma) who have just launched a challenge to the bilateral climate change “agreement” reached by President Obama with China last year, whereby both countries have supposedly made a commitment to reducing their “greenhouse gas” emissions.

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