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China Invading America NOW 2012/13/14

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September 24, 2017, 10:45:16 pm Psalm 51:17 says: The specific rule pertaining to the national anthem is found on pages A62-63 of the league rulebook. It states: “The National Anthem must be played prior to every NFL game, and all players must be on the sideline for the National Anthem. “During the National Anthem, players on the field and bench area should stand at attention, face the flag, hold helmets in their left hand, and refrain from talking. The home team should ensure that the American flag is in good condition. It should be pointed out to players and coaches that we continue to be judged by the public in this area of respect for the flag and our country. Failure to be on the field by the start of the National Anthem may result in discipline, such as fines, suspensions, and/or the forfeiture of draft choice(s) for violations of the above, including first offenses.”
September 20, 2017, 04:32:32 am Christian40 says: "The most popular Hepatitis B vaccine is nothing short of a witch’s brew including aluminum, formaldehyde, yeast, amino acids, and soy. Aluminum is a known neurotoxin that destroys cellular metabolism and function. Hundreds of studies link to the ravaging effects of aluminum. The other proteins and formaldehyde serve to activate the immune system and open up the blood-brain barrier. This is NOT a good thing."
http://www.naturalnews.com/2017-08-11-new-fda-approved-hepatitis-b-vaccine-found-to-increase-heart-attack-risk-by-700.html
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September 14, 2017, 04:31:26 am Christian40 says: i have thought that i'm reaping from past sins then my life has been impacted in ways from having non believers in my ancestry.
September 11, 2017, 06:59:33 am Psalm 51:17 says: The law of reaping and sowing. It's amazing how God's mercy and longsuffering has hovered over America so long. (ie, the infrastructure is very bad here b/c for many years, they were grossly underspent on. 1st Tim 6:10, the god of materialism has its roots firmly in the West) And remember once upon a time ago when shacking up b/w straight couples drew shock awe?

Exodus 20:5  Thou shalt not bow down thyself to them, nor serve them: for I the LORD thy God am a jealous God, visiting the iniquity of the fathers upon the children unto the third and fourth generation of them that hate me;
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« on: October 04, 2011, 02:44:36 pm »

http://news.yahoo.com/china-us-currency-bill-repercussions-090135830.html

10/4/11

..BEIJING (AP) — China stepped up its criticism Tuesday of a proposed U.S. law to punish countries with artificially low currencies, saying there would be serious repercussions for the world's two biggest economies if it is passed.

The criticism comes after U.S. senators voted Monday to open a week of debate on the bill that would allow the government to impose additional duties on products from countries that subsidize exports by undervaluing their currencies.

How worried China is about the proposed law can be seen by the fact that the Foreign Ministry, the Commerce Ministry and central bank all issued statements denouncing it.

But the legislation faces considerable hurdles before it becomes law. The Obama White House, while agreeing that China's currency, the yuan, is undervalued, has been wary of unilateral sanctions against the Beijing government.

Chinese Foreign Ministry spokesman Ma Zhaoxu said the Senate move "seriously violated WTO rules and seriously disturbed China-U.S. trade and economic relations."

Ma said China is reforming how it manages the yuan and that since June 2010 it had increased in value by 7 percent compared to the dollar.

He repeated Chinese comments that the exchange rate is not the cause of America's big trade deficit with China.

Ma said in a statement that China is the fastest growing export market for the United States and trade is important to both sides.

"The Chinese side appeals to the U.S. side to abandon protectionism and not to politicize trade and economic issues, so as to create a favorable environment for the development of China-U.S. economic and trade ties," Ma said.

Supporters of the legislation say it would create new jobs and boost the U.S. economy, but China, and some in the United States, say it could trigger a damaging trade war.

The Chinese central bank warned the proposed law would not fix the economic problems in the United States and could cause more serious problems.

If the bill passes, it "cannot resolve insufficient saving, the high trade deficit and the high unemployment rate in the U.S., and it may seriously affect the progress of China's exchange rate reform and may lead to a trade war, which we do not want to see," the bank said.

Commerce Ministry spokesman Shen Danyang said China has taken measures to increase U.S. imports and added Beijing hopes "the U.S. side can make positive efforts in substantially relaxing restrictions on exports to China."

..
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« Reply #1 on: November 22, 2011, 05:41:35 pm »

http://news.yahoo.com/china-media-says-us-sitting-debt-bomb-133043106.html

11/22/11

China media says US sitting on debt 'bomb'

China's state media Tuesday blasted the United States over its "ticking debt bomb" and urged American lawmakers to be more responsible after they failed to agree on deficit-cutting measures.

China is the world's largest foreign holder of US Treasuries with a portfolio of around $1.15 trillion, prompting Beijing's keen interest in the state of the US economy.

"Washington's political elites... are obligated to muster the courage to defuse the ticking debt bomb and start to show the world they have the wisdom and determination not to further jeopardise the fragile global economic recovery," Xinhua news agency said in a commentary.

A US Congress "supercommittee" Monday failed to reach a deal to rein in the government's galloping deficits due to angry partisan battles over how best to revive the nation's sluggish economy.

----------------------------------------------------------------

Chinese state media have previously savaged the US over what they call its "addiction to debt" with one analyst going so far as to compare US debt to a "Ponzi scheme".

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« Reply #2 on: December 22, 2011, 10:12:01 pm »

http://news.yahoo.com/chinese-hack-us-chamber-commerce-authorities-193523718.html

12/21/11

For more than a year, hackers with ties to the Chinese military have been eavesdropping on U.S. Chamber of Commerce officials involved in Asia affairs, authorities say.
 
The hackers had access to everything in Chamber computers, including, potentially, the entire U.S. trade policy playbook.
 
"The Chinese have attacked every major U.S. company, every government agency, and NGO's. Their attacking the Chamber of Commerce is part of a pattern of their attacking everything in the US. If you're working on U.S.-China relations with an NGO, government agency, you can be sure the Chinese are reading your emails and on your computer," Richard Clarke, former White House counter-terrorism adviser, told ABC News.
 
At one point, the penetration into the Chamber of Commerce was so complete that a Chamber thermostat was communicating with a computer in China. Another time, chamber employees were surprised to see one of their printers printing in Chinese.
 
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« Reply #3 on: December 29, 2011, 09:48:28 pm »

29 December, 2011, 21:33

http://rt.com/usa/news/chinese-yahoo-alibaba-deal-933/

After buying up all of the world’s available resources, China is looking for a new array of assets to swipe under their rug. Now the Far East has set its aims on the Internet and is looking to begin with buying what’s left of Web giants Yahoo!
 
Alibaba Group, the Hangzhou-based computer company, has retained former Reagan administration Secretary of Staff Kenneth Duberstein’s lobbying firm, Duberstein Group Inc., to help ink out a deal between the Chinese e-commerce corporation and the search engine giants.

Silicon Valley’s Yahoo! owns a 40 percent stake in Alibaba, but the Chinese firm’s CEO, Jack Ma, has discussed not just buying out their stake but absorbing Yahoo! as a whole. Earlier this month, Ma told Bloomberg News that talks of a deal had been put on hold due to “political issues,” but by putting a former White House insider inside the discussions, tensions could be smoothed between the two sides to enough of a point to sign the papers.

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« Reply #4 on: December 30, 2011, 02:47:52 am »

The Chinese can have it. I dont know of a more worldly Website than www.yahoo.com

I try to avoid Google and Yahoo as best i can.
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« Reply #5 on: December 30, 2011, 04:02:25 am »

 Cheesy They're all worldly! Just some are managed better than others.
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« Reply #6 on: December 30, 2011, 05:28:19 am »

i remember in the late 80's that the Japanese were going to be buying up everything.
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« Reply #7 on: January 11, 2012, 08:49:09 pm »

http://www.presstv.ir/detail/220490.html

China warns US against meddling

The Chinese government has warned the United States not to interfere in its internal affairs following Washington's comment on the self-immolation of Tibetan monks.
 

Foreign Ministry Spokesman Liu Weimin said Wednesday that China opposes any comment or activity that uses Tibet-related issues to interfere with its internal affairs.
 
His remarks came after the US State Department expressed serious concerns about the latest reports of self-immolations in China in the past few days.
 
On Monday, a Tibetan monk died after setting himself on fire in the northwestern province of Qinghai.
 
US State Department spokeswoman Victoria Nuland said Washington had urged Beijing "to loosen up in Tibet and allow journalists and diplomats and other observers to report accurately."
 
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« Reply #8 on: March 10, 2012, 08:25:47 pm »

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« Reply #9 on: March 13, 2012, 09:37:57 am »

Obama set to bring trade case against China
12 March 2012, by Jared A. Favole - Washington (MarketWatch)
http://www.marketwatch.com/story/obama-set-to-bring-trade-case-against-china-2012-03-12

The Obama administration on Tuesday will bring a trade case against China to pressure the country over rare-earth minerals used in consumer electronics and other technology products, according to a senior Obama administration official.

The U.S. will ask the World Trade Organization to help push China to stop its consolidation and crimping of rare-earth minerals.

The European Union and Japan, which have also become increasingly dependent on China for rare-earth materials, are also joining the U.S. is bringing the case before the WTO.

The case can be seen as part of the Obama administration's stepped-up enforcement of trade rules and business practices in China.

President Barack Obama recently hosted Chinese Vice President Xi Jinping, China's presumed next leader, at the White House.

He said the U.S. welcomes China's economic growth but warned Xi that China needs to adhere to international economic and business standards.

It was expected that the U.S. would bring the case against China.

China's produces the majority of the world's rare-earth minerals, which are used in consumer electronics such as Apple Inc.'s iPhone, light bulbs, sophisticated weapons and other highly technological products.

China's hold on the rare-earth minerals market has raised concerns that the U.S. is too dependent on the country for materials that are necessary for complex weapons systems.

In 2010, China temporarily stopped exporting the crucial minerals to the U.S., Japan and other countries, causing an uproar.

News of the case was first reported by The Associated Press.
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« Reply #10 on: April 10, 2012, 04:20:46 pm »

Chinese Crude Imports Remain At All Time High For Third Month In A Row
10 April 2012, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/chinese-crude-imports-remain-all-time-high-third-month-row

Excerpt:

Chinese crude imports in March were virtually unchanged from February's all time high (and same as January), and while the bpd number was slightly lower due to fewer days in the month at 5.50, one thing is clear:

every ounce of oil that the rest of the world does not want, China will rapaciously import and stockpile
.

Good luck to Saudi Arabia with perpetuating the lie that it can boost its production by 2.5 million bpd to offset Iran.
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« Reply #11 on: May 10, 2012, 04:00:49 pm »

http://www.bbc.co.uk/news/business-18015456

9 May 2012 Last updated at 21:55 ET

Industrial and Commercial Bank of China (ICBC) has been given the nod to take over a US bank, the first such US approval for a Chinese firm.

The US Federal Reserve approved state-owned ICBC's plans to acquire the US subsidiary of Bank of East Asia.

This comes just days after high-level economic talks between the US and China in Beijing.

The Fed also gave permission to two other Chinese banks to increase their presence in the US.

"It is a pretty significant step. There has been a lot of backlash about Chinese state-run companies acquiring overseas assets," Stephen Joske of Australia Super, an institutional investor in Beijing, told the BBC.

"The permission [given] to ICBC is a clear message that things may be returning to normal and that fears about Chinese state-run firms may be moderating."

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« Reply #12 on: May 10, 2012, 04:04:23 pm »

Fed allows three Chinese banks to expand in U.S.
9 May 2012, by Greg Robb - Washington (MarketWatch)
http://www.marketwatch.com/story/fed-allows-three-chinese-banks-to-expand-in-us-2012-05-09-1725390

Three of the largest state-owned Chinese banks have received approval to expand their operations in the United States, the Federal Reserve said Wednesday.

The Fed approved Industrial & Commercial Bank of China’s acquisition of the Bank of East Asia’s U.S. banking subsidiary with assets of $780 million and 13 branches in New York and California.

ICBC, China’s largest bank, already operates in the U.S. through its New York branch.

Under the Fed deal, ICBC, China Investment Corp. and Central Huijin Investment Ltd. will become bank holding companies.

The Chinese government owns 70.7% of ICBC’s shares.

The Fed also said it will allow the Bank of China, the third largest bank in China, to expand its U.S. operations to Chicago..

At the moment, the Bank of China operated two branches in New York and a limited branch in Los Angeles.

In addition, the Fed also approved the application by Agricultural Bank of China Ltd., the fourth largest bank in China, to establish a branch in New York.

At the moment, the Agbank only operates a “representative office” in New York.

The agreements with the Chinese banks comes just after Fed Chairman Ben Bernanke flew to Beijing for talks with senior Chinese economic officials as part of the U.S.-China Strategic and Economic Dialogue.

After the talks, China agreed to let foreigner control up to a 49% stake in Chinese broker-dealers, up from the prior threshold of 33%.

John Dearie, executive vice president for policy at the Financial Services Forum, a trade group of the biggest financial firms in the U.S., welcomed the recent progress from the bilateral talks in Beijing but said “much more progress” needs to be made with regard to foreign participation in China’s financial sector.

“U.S. and other western financial institutions still face major obstacles to full participation in China, the effect of which is to slow badly needed reform in China’s financial system,” Dearie said in an interview.

One key to allow the Chinese banks to expand into the U.S. is that the Fed has decided that China’s bank regulators are now up to the job of supervising these large and complex institutions.

The Fed said that China’s Banking Regulatory Commission has recently taken steps to strengthen its supervisory programs, and conducts annual examinations of the largest Chinese banks.

The International Monetary Fund also recently said it approved of China’s overall regulatory and supervisory framework.

Jaret Seiberg, analyst at Guggenheim Securities, said Chinese banks may now look to acquire regional banks in order to establish a U.S. footprint.
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« Reply #13 on: May 10, 2012, 04:48:06 pm »

I would like somebody within the US government to explain just when did US policy against Communism change.

Why aren't they dealing with North Korea or Cuba? Why is there an embargo against Cuba products? What would happen to the cuban cigar market if the US dropped the embargo? I think we know the answer to that one!

Why is the US now partners with Communists? And who gave the Federal Reserve the right to allow communists to do business in the US?

Because there are now socialist/communists in the White House, Congress, and Senate.

The take over is basically complete, comrades!
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« Reply #14 on: May 10, 2012, 10:40:40 pm »

200 Acre “China City” Planned in Michigan, Only Open To Chinese

5/10/12

The town of Milan, Michigan is a small farming community of only about 6,000 people, but big changes are coming their way. The following is from a recent Dayton Daily News article about this new project....

"A group of mainland Chinese known as Sino-Michigan Properties LLC paid $1.9 million for 200 acres of farmland on Milan city limits in purchases this year and in 2011, according to local officials and property records."

Unfortunately, the goal does not appear to be to integrate this new "city" into the existing community in and around Milan.

Rather, it appears that all of the new housing will be sold to people coming over from China. According to the Milan News Leader newspaper, the new housing units "would be marketed to Chinese business people who want to start companies in the United States".

In essence, we would be looking at a new Chinese city right in the middle of Michigan ... So should we be alarmed that the Chinese are buying up pieces of America?

Well, if they simply wanted to enjoy living in America and wanted to integrate into the wider community that would be one thing.

But it is another thing altogether to start dropping slices of communist China inside of U.S. territory.

http://www.amrpt.com/index.php?page=archive&bm=MjAxMi0wNS0xMCAxNDoyOToxNQ==
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« Reply #15 on: May 13, 2012, 02:00:22 pm »

China's CIC stops buying European debt: report
10 May 2012, Frankfurt (MarketWatch)
http://www.marketwatch.com/story/chinas-cic-stops-buying-european-debt-report-2012-05-10

China's sovereign wealth fund has stopped buying European government debt due to worries about turmoil in the euro zone, China Investment Corp. President Gao Xiquing said Thursday, according to Bloomberg.

"What is happening in Europe right now is of course of concern," Gao said in an interview in Addis Ababa, Ethiopia, Bloomberg reported.

We still have our people looking at opportunities in Europe, even though we don't want to buy any government bonds," he said.

Gao said CIC will continue to look for new European investments as it aims to boost allocations to infrastructure, private-equity assets as well as emerging markets, the report said.

Also See: China Gives Up On Europe, Will Target Africa Instead http://www.zerohedge.com/news/china-gives-europe-will-target-africa-instead
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« Reply #16 on: May 14, 2012, 12:12:33 am »



Shocking Information on the Death of what you used to call America, and the Birth of a New World Order.

http://www.riggedreality.com
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« Reply #17 on: May 14, 2012, 05:53:05 am »

Russians are coming in also...
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« Reply #18 on: May 14, 2012, 07:25:56 am »

Why Is The Obama Administration Allowing The Chinese Government To Buy Up U.S. Oil And Gas Deposits Worth Billions Of Dollars?



If we are trying to become independent of foreign oil, then why is the Obama administration allowing the Chinese government to buy up U.S. oil and gas deposits worth billions of dollars?  This makes absolutely no sense whatsoever.  The United States desperately needs to maintain control over its own domestic energy resources so that we can end our addiction to foreign oil.  As I have written about previously, the United States actually has plenty of oil.  If we would simply use the resources that we already have, we would never have to import a single drop of foreign oil.  But instead, we continue to be the largest importer of oil on the planet and we are allowing China to rapidly buy up oil and gas deposits inside the United States.  This is fundamentally wrong and it is a serious threat to our national security.  But apparently everything is for sale in the United States today, and that includes our precious energy resources. (Read More.....)
http://endoftheamericandream.com/archives/why-is-the-obama-administration-allowing-the-chinese-government-to-buy-up-u-s-oil-and-gas-deposits-worth-billions-of-dollars
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« Reply #19 on: May 14, 2012, 07:27:44 am »

A Chinese Group Plans To Construct A 200 Acre "China City" In Michigan




A Chinese group known as "Sino-Michigan Properties LLC" has bought up 200 acres of land near the town of Milan, Michigan.  Their plan is to construct a "China City" with artificial lakes, a Chinese cultural center and hundreds of housing units for Chinese citizens.  Essentially, it would be a little slice of communist China dropped right into the heartland of America.  This "China City" would be located about 40 minutes from both Detroit and Toledo, and it would be marketed to Chinese business people that want to start businesses in the United States.  Unfortunately, this is not just an isolated incident.  In fact, Chinese companies have been buying up land and businesses all over the country in recent years.  There has even been talk of establishing "special economic zones" inside the United States modeled after the Chinese city of Shenzhen.  It was inevitable that the Chinese were going to do something with the trillions of dollars that they have made flooding our shores with cheap products.  Now they are rapidly buying up pieces of America, and many of our politicians are welcoming them with open arms.
(Read More.....)
http://endoftheamericandream.com/archives/a-chinese-group-plans-to-construct-a-200-acre-china-city-in-michigan

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« Reply #20 on: May 14, 2012, 10:22:06 am »

^^

Remember that pastor/missionary in the metroplex where I live(DFW) that pastored a megachurch, then went to China to be a "missionary"? Guess what - he's doing almost exactly that - targeting young Chinese people there and training them to be LEADERS in our community. He is NOT preaching the gospel to them(which is why it concerns me that my mom is keeping in contact with him so that he can help a Chinese person we knew here to build a church there for her).

Obviously, he's working hand-in-hand with the NWO minions with this issue.

For the record, no, I don't hate Chinese people - my dad has Chinese employees that are very friendly, and my mom has witnessed the gospel to them(where some have responded).
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« Reply #21 on: May 18, 2012, 10:52:07 am »

China home prices drop in most major cities
18 May 2012, by Chris Oliver - Hong Kong (MarketWatch)
http://www.marketwatch.com/story/china-home-prices-drop-in-most-major-cities-2012-05-18

Chinese new home prices showed a broadening slowdown in April, with fewer urban centers registering gains, according to official data released Friday.

For the month, 43 cities showed declines in prices compared to March, while 46 cities showed declines on a year-on year basis, according to the National Bureau of Statistics, which tracks 70 cities in its survey.

Three cities saw new home prices higher in April from March, though gains were slight, averaging 0.2%, the data showed.

In March, eight cities had registered month-on-month price gains, the statistics bureau said.
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« Reply #22 on: May 21, 2012, 11:42:08 am »

China firm buys AMC to form world's largest cinema chain

By Kevin Voigt, CNN

© 2012 Cable News Network. Turner Broadcasting System, Inc.

http://www.cnn.com/2012/05/21/business/china-amc-wanda-theater/index.html?hpt=hp_t3

Quote
(CNN) -- China's Dalian Wanda Group and AMC Entertainment announced Monday a $2.6 billion deal to take over the U.S. theater group, forming the world's largest cinema chain, according to a new release on the deal.
 
The move is the latest in a raft of deals between U.S. entertainment companies and Chinese firms, linking the world's largest theater market with the world's fastest growing.

<skip>

AMC operates 346 multiplex theaters, largely in North America, with a total of 5,034 screens. Headquarters of AMC, a privately held company, will remain in the Kansas City area and day-to-day operations, including the process for film programming, will remain unchanged, the release said.

---------------------------------------------------------------------------------------------------------------------------------------

Buying out a movie theater chain now? Hhhhmmm...maybe buying out the Hollywood movie industry next on their radar?

Edit: Also, a snippet from the article above - interesting they mention how the Headquarters of this company is in Kansas City. Isn't this where the so-called "Kansas City prophets" is located? Just saying...
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« Reply #23 on: May 22, 2012, 12:05:08 pm »

Exclusive: U.S. lets China bypass Wall Street for Treasury orders
http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521

5/21/12

(Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.

The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world.

The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.

China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary.

The documents viewed by Reuters show the U.S. Treasury Department has given the People's Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011.

China can now participate in auctions without placing bids through primary dealers. If it wants to sell, however, it still has to go through the market.

The change was not announced publicly or in any message to primary dealers.

"Direct bidding is open to a wide range of investors, but as a matter of general policy we do not comment on individual bidders," said Matt Anderson, a Treasury Department spokesman.

While there is been no prohibition on foreign government entities bidding directly, the Treasury's accommodation of China is unique.

The Treasury's sales of U.S. debt to China have become part of a politically charged public debate about China's role as the largest exporter to the United States and also the country's largest creditor.

The privilege may help China obtain U.S. debt for a better price by keeping Wall Street's knowledge of its orders to a minimum.

Primary dealers are not allowed to charge customers money to bid on their behalf at Treasury auctions, so China isn't saving money by cutting out commission fees.

Instead, China is preserving the value of specific information about its bidding habits. By bidding directly, China prevents Wall Street banks from trying to exploit its huge presence in a given auction by driving up the price.

It is one of several courtesies provided to a buyer in a class by itself in terms of purchasing power. Although the Japanese, for example, own about $1.1 trillion of Treasuries, their purchasing has been less centralized. Buying by Japan is scattered among institutions, including pension funds, large Japanese banks and the Bank of Japan, without a single entity dominating.

Granting China a direct bidding link is not the first time Treasury has gone to great lengths to keep its largest client happy.

In 2009, when Treasury officials found China was using special deals with primary dealers to conceal its U.S. debt purchases, the Treasury changed a rule to outlaw those deals, Reuters reported last June. But at the same time it relaxed a reporting requirement to make the Chinese more comfortable with the amended rule.

Another feature of the U.S.-China business relationship is discretion: The Treasury tried to keep its motivation for the 2009 rule change under wraps, Reuters reported.

Documents dealing with China's new status as a direct bidder again demonstrate the Treasury's desire for secrecy -- in terms of Wall Street and its new direct bidding customer.

To safeguard against hackers, Treasury officials upgraded the system that allows China to access the bidding process.

Then they discussed ways to deflect questions from Wall Street traders that would arise once the auction results began revealing the undeniable presence of a foreign direct bidder.

"Most hold the view that foreign accounts only submit 'indirect bids' through primary dealers. This will likely cause significant chatter on the street and many questions will likely come our way," wrote one government official in an email viewed by Reuters.

In the email, the official suggested providing basic, general answers to questions about who can bid in Treasury actions.

"For questions more extensive or probing in nature, I think it prudent to direct them to the or Treasury public relations area," the official wrote.

The granting to China of direct bidder status may be controversial because some government officials are concerned that China has gained too much leverage over the United States through its large Treasury holdings.

For example, economist Brad Setser, who is a member of the National Economic Council and has also served on the National Security Council, has argued China's large Treasury holdings pose a national security threat.

Writing for the Council on Foreign Relations in 2009, Setser posited that China's massive U.S. debt holdings gave it power over U.S. policy via the threat of a swift, large sale of U.S. debt that could send the market into turmoil and drive up interest rates.

But Treasury officials have long maintained that U.S. debt sales to China are kept separate from politics in a business relationship that benefits both countries. The Chinese use Treasuries to house the dollars they receive from selling goods to the United States, while the U.S. government is happy to see such strong demand for its debt because it keeps interest rates low.

A spokesman for the Chinese embassy in Washington did not respond to calls and emails seeking comment.

The United States has, however, displayed increasing anxiety about China as a cybersecurity threat. The change Treasury officials made to their direct bidding system before allowing access to China was to limit access to the system to a specially designed private network connection controlled by the Treasury.

China is among the most sensitive topics for bankers and government officials who court the country as a financial client because of its size and importance, and none would agree to comment on the record for this story.

A former debt management official at the Treasury who did not want to be identified said that as China's experience in the U.S. Treasury market has deepened over time, Chinese officials may have felt more comfortable taking the reins in the management of their holdings.

Their request to bid directly, in his view, came from a confidence that their money managers could buy U.S. debt more efficiently on their own than through Wall Street banks, which can often drive up the price of Treasuries at an auction if they know how much large clients are willing to pay. Such a practice that is not specifically illegal, though most traders would deem it unethical.

Evidence of China's growing sophistication as a money manager in the U.S. markets is clear in its expansion of operations in New York. Its money management arm, the State Administration for Foreign Exchange (commonly called SAFE), has an office in Midtown Manhattan and a seasoned chief investment officer -- former Pacific Investment Management Co derivatives head Changhong Zhu -- in Beijing.

A woman who answered the phone at SAFE's New York office said no one in the office was authorized to talk to the media.

(Editing by Martin Howell and Steve Orlofsky)

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« Reply #24 on: May 22, 2012, 12:11:17 pm »

http://www.bbc.co.uk/news/world-us-canada-18155293

5/21/12

Vast numbers of counterfeit Chinese electronic parts are being used in US military equipment, a key Senate committee has reported.

A year-long probe found 1,800 cases of fake parts in US military aircraft, the Senate Armed Services Committee said.

More than 70% of an estimated one million suspect parts were traced back to China, the report said.

It blamed weaknesses in the US supply chain, and China's failure to curb the counterfeit market.

The failure of a key part could pose safety and national security risks and lead to higher costs for the Pentagon, the committee said.

US servicemen rely on a variety of "small, incredibly sophisticated electronic components" found in night vision systems, radios and GPS devices and the failure of a single part could put a soldier at risk, the report said.

It highlighted suspect counterfeit parts in SH-60B helicopters used by the Navy, in C-130J and C-27J cargo planes and in the Navy's P-8A Poseidon plane.

After China, the UK and Canada were found to be the next-largest source countries for fake parts.

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« Reply #25 on: May 23, 2012, 10:26:11 pm »

U.S. gives China direct bidding status: report
21 May 2012, by Greg Robb - Washington (MarketWatch)
http://www.marketwatch.com/story/us-gives-china-direct-bidding-status-report-2012-05-21

The U.S. Treasury Department has granted China's central bank the ability to buy U.S. government debt without going through a primary dealer-so-called direct bidding status, according to a report Monday by Reuters.

The People's Bank of China now has a direct computer link to Treasury's auction system, the report said.

Treasury refused to confirm or deny the report.

"Direct bidding is open to a wide range of investors, but as a matter of general policy we do not comment on individual bidders," said Matt Anderson, a Treasury spokesman.
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« Reply #26 on: May 24, 2012, 11:55:03 am »

Guest Post: Is China Really Liquidating Treasuries?
23 May 2012, by John Aziz of Azizonomics (Zero Hedge)
http://www.zerohedge.com/news/guest-post-china-really-liquidating-treasuries

Except:

Which begs the question for some analysts — was China really selling? Or was China stealthily buying direct from the U.S. Treasury (unrecorded) and selling back into Wall Street (recorded)?

Well, according to the Treasury, the Treasury International Capital data seeks to record foreign holdings of U.S. securities, not just the flows, and given that the Treasury was the seller in these direct transactions (and so obviously was aware of them) there’s no reason to believe that they wouldn’t include any such direct outflows in the data. That suggests very strongly that yes, China really was selling.

And maybe the real reason that the Treasury offered China direct access (thus cutting out the middleman and offering China cheaper access than ever) was precisely because China was selling, and because the Treasury was concerned about the effect on rates, and wanted to give China some incentive to keep buying. As Jon Huntsman noted in a 2010 cable leaked by Wikileaks, the PBOC has felt pressured to keep buying, and as various PBOC officials have hinted in recent months, China is actively seeking to convert out of treasuries and into gold. And that makes sense — treasuries are yielding ever deeper negative real rates. People holding treasuries are losing their purchasing power. No wonder the treasury is willing to cut Wall Street out of the deal.

And it isn’t like the Treasury would have taken this move lightly — cutting Wall Street out of the equation is a slap in the face to Wall Street.

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« Reply #27 on: May 24, 2012, 11:58:34 am »

China HSBC Flash PMI Declines, Economy Now In Contraction For 10 Of Past 11 Months
23 May 2012,by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/china-hsbc-flash-pmi-declnes-economy-now-contraction-10-past-11-months

Excerpt:

The Chinese Schrodinger conundrum, in which two different distinct PMI indicators continue to paint opposite pictures of the economy, as explained first here, continues.

Moments ago, the HSBC Flash PMI posted a decline from 49.3 in April to 48.7.

This is the 7th consecutive month in which the economy is in a contraction according to HSBC, and 10th of the last 11.

Needless to say, this is only half of the story, and we expect that the official Chinese PMI index will post another increase well into expansionary territory as the random number generator known as China_Economy.xls spews fresh gibberish every time F9 is hit.

In the meantime, the spin has already begun, worse is better, and futures are higher simply because the expectation is that another perfectly futile RRR hike (which does virtually nothing for real cash circulating in the economy) will follow suit.
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« Reply #28 on: May 24, 2012, 12:02:26 pm »

5/22/12

It is rare in diplomatic circles for governments to speak bluntly, particularly in the Orient, where manners are highly prized.

The exceptions to this rule are retired military officers, who are often able to voice sentiments too impolitic for other channels.

One of the more startling pronouncements in this vein occurred last week when Song Xiaojun, a former senior officer of the People's Liberation Army, warned that Australia cannot juggle its relationships with the United States and China indefinitely and "Australia has to find a godfather sooner or later. Australia always has to depend on somebody else, whether it is to be the 'son' of the US or 'son' of China. (It) depends on who is more powerful, and based on the strategic environment." Noting the rising importance of China as an export market Song added that Australia depended on exporting iron ore to China "to feed itself," but "Frankly, it has not done well politically."

What is also notable about Song’s remarks is that they coincided with Australian Foreign Minister Bob Carr's first official visit to China, where Foreign Minister Yang Jiechi urged Australia to dismiss its alliance with the United States, a decades-old bipartisan and central pillar of the nation’s foreign policy, as ''the time for Cold War alliances has passed.''
Full article at: http://oilprice.com/Energy/Energy-General/China-Warns-Australia-to-Choose-Godfather-China-or-US.html
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« Reply #29 on: May 24, 2012, 10:45:21 pm »

China's commodity-demand peak over: Credit Suisse
23 May 2012, by Chris Oliver - Hong Kong (MarketWatch)
http://www.marketwatch.com/story/chinas-commodity-demand-peak-over-credit-suisse-2012-05-23

Credit Suisse joined others Wednesday in predicting that China's commodity-demand peak has passed, saying the nation will no longer serve as a driver in the global commodity supercycle.

It said demand for commodities is set to trend lower as China's growth rate cools and its economic focus switches to consumerism.

Among factors weighing negatively, Credit Suisse cited the end of the infrastructure-building frenzy, a housing market boom that now appears to be in its twilight stage, and the dying out of what it said was the "golden age" of government stimulus to help drive growth.

"We see China's trending growth pace as likely to slow to 7%-8% over the coming decade, while the driver of growth is likely to shift to consumption, which demands less commodities," Credit Suisse analysts said Wednesday.

The analysis furthers views from a Credit Suisse report in March highlighting a structural decline in China's commodity demand.
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