ASIA: Zheng Yongnian, the Dean of the Advanced Institute of Global and Contemporary China Studies, a Shenzhen-based think tank, has said that the Chinese government should utilize every opportunity to mend ties with the US, South China Morning Post has reported. Mr Zheng, who attended a symposium hosted by President Xi Jinping in August to offer […]

QUESTION: How long has Socrates been making political forecasts. Was it ever wrong? DK ANSWER: The only election I would say that Socrates was both correct and wrong was that of 2000. It projected that Al Gore would win. Of course, that election went to the Supreme Court and they stopped the count and handed […]

COMMENT #1: Marty, Does this all mean that this takeover can make the canceling of physical USD possible, maybe as soon as January to line up with Europe? Previously you responded to my email question on a digital dollar and said that they couldn’t do that since over 70% of cash was held overseas. Can this […]

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 […]