With days to go before the United States debt default deadline, Beijing aired its frustrations with the shutdown Sunday, saying it was time to consider a “de-Americanized” world order. With $1.28 trillion in U.S. Treasuries, China is easily the biggest foreign holder of American debt. China has also funneled billions of dollars into private American investments…
Tag: china
Chinese hackers access major weapons systems: Washington Post
Chinese hackers have gained access to designs of more than two dozen major U.S. weapons systems, a U.S. report said on Monday, as Australian media said Chinese hackers had stolen the blueprints for Australia’s new spy headquarters. Citing a report prepared for the Defense Department by the Defense Science Board, the Washington Post said the…
Romney Invests In Chinese Companies That Steal From The U.S.
While Obama cited only one oil company, China National Offshore Oil Corporation, the Romneys’ 2010 and 2011 tax returns show investments in at least 10 Chinese companies, a total investment of at least $391,800. Among them were New Oriental Education and Technology, a company in which the Romneys’ blind trusts invested nearly $60,000. New Oriental…
Africa’s Elephants Are Being Slaughtered in Poaching Frenzy
Like blood diamonds from Sierra Leone or plundered minerals from Congo, ivory, it seems, is the latest conflict resource in Africa, dragged out of remote battle zones, easily converted into cash and now fueling conflicts across the continent. Some of Africa’s most notorious armed groups, including the Lord’s Resistance Army, the Shabab and Darfur’s janjaweed,…
Romney Bundler A Registered Foreign Agent For Hong Kong
Newly released lobbyist bundler disclosure records filed by the Mitt Romney campaign show that Tom Loeffler raised at least $17,500 in bundled contributions for the campaign over the first six months of 2012. Loeffler, a former Republican U.S. Representative from Texas and a lobbyist at Akin Gump represents a wide array domestic clients including USAA,…
U.S. slaps tariffs on Chinese panels. Is this the end of cheap solar?
On Thursday, the Commerce Department ruled that China’s solar manufacturers are engaged in “dumping” — that is, they’re selling their panels for below-market rates in order to drive their competitors out of business. In response, the Commerce Department has slapped a 31 percent tariff on imports of silicon photovoltaic cells from China. That’s on top…
By 2025, three of the world’s richest cities will be in China
The McKinsey Global Institute explains what the new world order will look like in 2025: Just 600 cities will be responsible for about 60 percent of global GDP growth. And while urban centers in the United States, Europe*, and Japan are still dominant, cities in China and India, in particular, will have an outsized role…
EIA: China and India rule our energy world
On Monday, the Energy Information Administration released its International Energy Outlook 2011 report. The chart on the right shows the projections for global energy consumption from 1990 to 2035. Notice that energy use in the OECD countries — North America, Europe, Japan, and Australia — stays nearly flat during that period. It’s the…