ASIA: China has barred non-Chinese travelers from the UK, Belgium, and the Philippines, imposing new border restrictions in response to the worsening Covid-19 pandemic. The Chinese embassy in the UK said on Wednesday that China’s borders were now closed to those arriving from the UK, including those with valid visas and residence permits. The measure, […]

  ASIA: China never intended to challenge or replace anyone, Chinese Foreign Ministry said on Wednesday, stressing what it cares most about is to improve the well-being of its own people. Zhao Lijian, spokesperson for Chinese Foreign Ministry, made the remarks when responding to a new initiative revealed by the US Defense Secretary Mark Esper […]

ASIA: The IMF estimated China’s GDP will grow by 1.9 percent for all of 2020–the only major economy to inch back into positive territory in a year that saw economies around the globe tumble sharply. Chinese officials announced this week that the country’s economy grew by 4.9 percent in the third quarter, a positive sign […]

ASIA: Chinese cotton mills have been told to stop using Australian cotton, deepening fears that Australian produce is being specifically targeted by the Chinese government. Chinese processors set import quotas each year by the Chinese Communist Party but have been verbally warned by the National Development Reform Commission that they will have their intake cut […]

QUESTION: Marty, you mentioned several times now, that the ECB MUST convert to a digital Euro. I have done speeches about that based on a paper from the IMF (Christine Lagarde) last year, in which they too discuss how to do it. But I have a serious question regarding timing. I live in Germany and I would […]

  ASIA: Shenzhen is one of the four Chinese cities to begin internal testing of the digital yuan, announced a government notice in August without going into the specifics. The latest distribution to consumers is seen as the country’s first large-scale, public test of the centrally issued virtual currency. Nearly 2 million individuals in Shenzhen […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 10.91 points or -0.05% to 23,422.82 Shanghai closed Hang Seng increased 262.21 points or 1.09% to 24,242.86 ASX 200 increased 74.30 points or 1.25% to 6,036.40 Kospi increased 21.04 points or 0.89% to 2,386.94 SENSEX increased 304.38 points or 0.77% to […]

ASIA: China said at a World Trade Organization meeting that restrictions by the United States on Chinese mobile applications TikTok and WeChat are in violation of the body’s rules, Reuters reported. A representative for China said at the closed-door meeting on Friday that the measures “are clearly inconsistent with WTO rules, restrict cross-border trading services […]

ASIA: The Indian government has told the Supreme Court it will waive certain interest levies on loans up to 20 million rupees ($272,888) under a COVID-19 support plan, a legal filing showed, in a move that will bring relief to millions of borrowers. In a filing on Oct. 2 with the Supreme Court, seen by […]

The central banks have been digging deeper and deeper into their monetary toolboxes in a vain hope of cushioning the COVID-19-induced shock, which has been orchestrated by this global effort to CRUSH the economy and redesign it in their image of a fossil-free world. The fake pandemic aside, the notion that the banks were already […]