Diplomatic and U.S. govt sources say China has started construction of its first domestically made aircraft carrier — http://t.co/VUiAQhb
…buy some more Made in China crap
Click on link for a plethora of photos……….
There’s a 37-year-old artist in China who can paint himself into anything. Liu Bolin has been disguising himself to blend in urban or nature backdrops, creating the illusion of a human chameleon or a g…
This is rare: Chinese premier Wen Jiabao has published an op-ed in the FT called How China Plans To Reinforce The Global Recovery.
In it, he distills Chinese economic policy, and the message is: While the West teeters and slugs along, China is the l…
Bernanke (sporting manly beard): Do you think I’m going too fast on QE2? Maybe I should put on the brakes?
Manly companion, Blankfein: Fast or slow, I like the direction you’re going.
—————————————————————-…
Does all this mean that the land of the rising sun is slowly sinking into the sunset? Is Japan finished as a major economy? Hardly. Despite her flat GDP per capita since 1995 and fall in relation to that of the U.S. by 40%, Japan remains a wealthy coun…
Whoa! This is getting interesting. Two major central banks are tightening – China and the ECB.
But nobody seems to care. These central banks are warning investors to sell their high-risk investments. Instead, gold hits new records! The dollar is …
Importing inflation from China was already baked in the cake for the US. Japan will require huge amounts of steel, energy and building materials to do what they must do. This inflation is likely to ramp very quickly imho.
“China should increase its gold reserves appropriately, and China must take every chance to buy, especially when gold prices fall.”
Li Yining, Senior Economist at Peking University and member of the Chinese People’s Political Consultative Committee
*…
link
World’s “top” oil users (million barrels/day):
US 18.8
China 8.3
Japan 4.4
India 3.1
Russia 2.7
World’s top producers:
Russia 9.9
Saudis 9.7
US 9.1
Total global production is 85.5 MBD, and we use 22% …
Reuters) – Brent crude oil rose back over $100 on Wednesday, after data a day earlier showed a drop in U.S. stockpiles and supported by the unrest in Egypt.
Analysts said the rise was likely to be capped by China’s rate hike on Tuesday and ahead …
