Tag: subprime mortgage crisis

Chinese and Philippine ships collide at Sabina Shoal, a new flash point + More

Tina Marie (Ms. Cat)
Source

The incident, the first time in decades that Beijing and Manila have clashed over the Sabina Shoal, may derail efforts to lower tensions in the South China Sea.

Chinese and Philippine ships collide at Sabina Shoal, a new flash point (archived)

Related:

CCG restricts repeated Philippine vessel intrusions near South China Sea reefs

Chen Xiangmiao, director of the World Navy Research Center at the National Institute for South China Sea Studies, told the Global Times on Monday that the Philippines sees Xianbin Jiao as a transfer station for its resupply missions to Ren’ai Jiao, as Xianbin Jiao is located between Ren’ai Jiao and the Philippines’ Palawan Province.

[08-16-24] Foreign Ministry Spokesperson’s Remarks on the Philippine Coast Guard Vessel’s Illegal Anchoring in the Lagoon of Xianbin Jiao

[08-14-24] Exclusive: Manila to deploy new vessel for ‘semi-permanent presence’ at China’s Xianbin Jiao, breaking its promise: source

Philippine media have hyped the China Coast Guard’s (CCG) presence in the Xianbin Jiao, but it is the Philippines that has sent the MRRV-9701 to the area in the first place. The Philippine ship anchored in the lagoon of the Xianbin Jiao in April, with a CCG ship arriving later in July.

Updated on 07-27-2024: SeaLight, formerly Project Myoushu

Powell’s storytelling:

Read More »

China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers.

Tina Marie (Ms. Cat)
Inside China Business.

CATL and SMIC are two giant Chinese companies that are often singled out by Western think tanks as two firms who benefit from China’s subsidies, at the expense of foreign competition.

But all industrialized countries employ government subsidies, which help favored domestic industries grow. China, however, uniquely can invest in preferred sectors by channeling its massive trading surpluses, and providing low-cost access to its world-leading supply chains and logistics systems.

In contrast, North American and European companies who seek government incentives and subsidies are competing with other spending priorities, as all the funds come from taxpayers. This reality requires of companies seeking government help to do so through proxies, lobbying efforts, and through think-tanks who create research that can be published and used by lawmakers to justify the use of taxpayer funds.

China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers

On the strategic relationship between Venezuela and China

Tina Marie (Ms. Cat)

During a state visit to the People’s Republic of China in September 2023, Venezuelan president, Nicolas Maduro met president Xi Jinping and both agreed to strengthen the relationship of their countries by establishing seven sub commissions to elevate it to the level of ‘all-weather strategic partnership’. This is the culmination of a relationship that began with president Hugo Chavez’s first visit to Beijing in 1999, the very first year of his presidency.

On the strategic relationship between Venezuela and China

Yellen secretly yells for China’s help

Tina Marie (Ms. Cat)1 Comment

By Herman Tiu Laurel

The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.

Yellen secretly yells for China’s help

Related:

[2008] China’s Hu, Bush discuss financial crisis (archived)

Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run

Tina Marie (Ms. Cat)

The systemic threats to the U.S. financial system were not remedied when Congress passed the watered-down Dodd-Frank financial reform legislation in 2010. While that has been evident with each Federal Reserve bailout of the mega banks and their derivative counterparties, the threat has now gained increased urgency for Congress to confront as a result of a new academic study. A team of four highly-credentialed academics at four separate universities present compelling evidence that one of the four largest U.S. banks, with “assets above $1 trillion,” could be at risk of a bank run.

Academic Study Finds that One of the Four Largest U.S. Banks Could Be at Risk of a Bank Run