ASIA: US President Joe Biden and his Chinese counterpart Xi Jinping held their first phone call as leaders and appeared at odds on most issues, even as Xi warned that confrontation would be a “disaster” for both nations. While Biden’s Chinese counterpart Xi has called for “win-win” cooperation, he has called China America’s “most serious […]

ASIA: China’s National Radio and Television Administration (NRTA) announced BBC World News has been barred from airing in China saying some BBC’s reports on China infringed the principles of truthfulness and impartiality in journalism. Chinese observers said the BBC has turned into “a rumor mill” that deliberately throws mud at China, and the decision to […]

  The movement against capitalism is very broad and the politicians have caused this crisis to further their agenda. Governments were shaken by the election of Donald Trump in 2016. That is why they have brought this impeachment – they are trying to drive a stake in the heart of democracy which they call “populism” […]

ASIA: China’s factory gate prices rose in annual terms in January for the first time in a year, as months of strong manufacturing growth in the world’s second-largest economy pushed raw material costs higher, Reuters reported. China’s the national Bureau of Statistics (NBS) said in a statement the producer price index (PPI) rose 0.3% from […]

ASIA: International experts investigating the origins of Covid-19 have all but dismissed a theory that the virus came from a laboratory in China. Peter Ben Embarek, the head of the World Health Organization (WHO) mission (Mission to China), said it was “extremely unlikely” that the virus leaked from a lab in the city of Wuhan. […]

ASIA: China’s capital city, Beijing, will hand out about $1.5 million in a limited trial of the central bank’s digital currency, the municipal government announced over the weekend. That marks the third major test of the digital currency under development by the People’s Bank of China. The cities of Shenzhen and Suzhou held similar experiments […]

When we look at 2020, it will be a year most prefer to forget. Overall, productivity decreased 4.8% in Q4 2020 while unit labor costs increase sharply by 6.8% (annual rates) which is fulfilling what Socrates has been forecasting that this wave into 2024 will be inflationary. The December 2020 jobless rate was up over […]

ASIA: Australian farmers have warned that the country’s trade dispute with China and supply chain disruption linked to the coronavirus pandemic will cost the industry $28bn over the next decade. In a pre-budget submission published on Friday, the National Farmers’ Federation appealed to the government to invest A$3.5bn (US$2.66bn) to support a trading strategy aimed […]

ASIA: Britain’s broadcasting regulator said on Thursday that it had withdrawn the license for China Global Television Network, an international news channel owned by a Chinese state broadcaster, to operate in the United Kingdom in part because its affiliation with the Chinese Communist Party violates broadcasting laws. The regulator said that those that most likely […]

ASIA: China and Russia have blocked the UN from condemning the ongoing military coup in Myanmar. The UN statement sought to “condemn the military coup” and call on the military to “immediately release those unlawfully detained,” according to a draft seen by Politico. Wider fiscal deficits and a more gradual pace of consolidation will lift […]