alternatenewsmedia2012 has written 12 posts for China News

Chinese netizen speaks out: “China spending as much on calming civil unrest as US on war effort”

Even putting current tensions between the country and Japan aside for the moment, China has seen a great deal of civil unrest in recent months. With citizens losing faith in their government, and the gap between the poor and the wealthy seemingly growing ever larger, it is little wonder that protests and riots are occurring … Continue reading

BRIC hallucination: China won’t be engine of new world order, nor Russia, nor India

In the New World Order, the BRIC nations – developing nations – are to be the engine of global growth. That is at least what officials from the foremost global institutions have maintained all along, divorcing their narrative from the other, more populist narrative of just what the ‘New World Order’ is. That the ‘New … Continue reading

A Chinese megacity is on the verge of bankruptcy

While most “developed world” people have heard of Hong Kong and Macau, far fewer have heard of China’s province of Guangdong, which is somewhat surprising. With over 100 million people, a GDP of nearly $1 trillion – the biggest of all Chinese provinces, this South China Sea adjacent territory is perhaps China’s most important economic dynamo. … Continue reading

China to sell 20 billion yuan ($3.2 billion) in treasury bonds

The certificate treasury bonds, the third batch this year, will be sold Oct 10-19 to individual investors, the China Daily Friday quoted the finance ministry as saying. They include 12 billion yuan of three-year bonds with an annual interest rate of 4.76% and 8 billion yuan of five-year bonds with an annual rate of 5.32%. Interest will … Continue reading

China carrier a show of force as Japan tension festers

China sent its first aircraft carrier into formal service on Tuesday amid a tense maritime dispute with Japan in a show of force that could worry its neighbours. China’s Ministry of Defence said the newly named Liaoning aircraft carrier would “raise the overall operational strength of the Chinese navy” and help Beijing to “effectively protect … Continue reading

PBOC injects biggest daily amount of funds via repos to raise liquidity

China’s central bank yesterday injected the largest daily amount of money into the banking system via open market operations to ease a liquidity thirst before a week-long holiday. The People’s Bank of China conducted 190 billion yuan of 28-day reverse repurchase and 100 billion yuan of 14-day contracts, according to its statement. The PBOC set … Continue reading

Chinese navy gets first aircraft carrier

China‘s first aircraft carrier, an overhauled former Soviet vessel, has been formally handed over to China’s navy, local media reported on Monday. The official ceremony was held on Sunday at the Dalian shipyard in Northeast China, where the aircraft carrier has been docked for refitting since 2002. During the ceremony, China’s national flag, the People’s … Continue reading

South Korea signs deal to become NATO partner

NATO and South Korea on Thursday signed a new partnership program that sets the framework for cooperation and political dialogue. NATO Deputy Secretary-General Alexander Vershbow and the South Korean Ambassador Kim Chang-beom signed the first Individual Partnership Cooperation Program (IPCP) at NATO’s Brussels headquarters. The new partnership program will promote political dialog and practical cooperation … Continue reading

Protesters stage anti-China rally in Tokyo over Senkaku Islands

A group of about 1,400 activists staged a mass anti-China demonstration in Tokyo on Saturday, vowing to defend the Senkaku (Diaoyu or Diaoyutai) Islands and safeguard Japan‘s territorial integrity. The activists, mostly men of middle age or older, were from the Ganbare Nippon! National Action Committee, a right-wing organisation founded in 2010, which is headed … Continue reading

Japan, U.S. joint drill to defend remote islands opens to media

Media organisations observed a joint drill Saturday of Japan’s Ground Self-defence Force and the U.S. Marine Corps on the western Pacific island of Guam, aimed at strengthening their ability to defend remote islands from foreign assault. The drill was conducted amid mounting tensions between Japan and China over a Japanese-controlled islet group in the East … Continue reading

Bond wars: Chinese advisor calls for Japanese bond dump

China is actively considering “using its power as Japan’s biggest creditor with $230bn (£141bn) of bonds to “impose sanctions on Japan in the most effective manner” and bring Tokyo’s festering fiscal crisis to a head.” Meaning: dump Japan’s bonds en masse. Should this stunning recommendation be enacted, not only would it be the first time … Continue reading

China and Russia quit dollar

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing and Moscow and is not aimed at challenging the dollar, but to … Continue reading

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