The Star Bulletin - Daily News Updates

china

Feb
17
2023
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By Kevin Bonner
US sends top Pentagon China Affairs official to Taiwan

US sends top Pentagon China Affairs official to Taiwan

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US sends top Pentagon China Affairs official to Taiwan. According to the Starbulletin, the USA will soon send Taiwan to its top-ranking defense official in China, the Undersecretary Michael Chase. The first senior executive of the Pentagon, Chase, visited Taiwan four years ago. He was the Under Secretary for East Asia Hino Clink. He returned to the United States in 2019, making it the fourth time he has been there. Can You Sell Designer Inspired Items on Shopify ? A Comprehensive Guide Visit of the US Department of Defense's Under Secretary in China. This would be in the midst of…
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Feb
06
2023
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By Helen E. Blake
China Is Not Happy the US Shot Down Its Balloon

China Is Not Happy the US Shot Down Its Balloon

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China Is Not Happy the US Shot Down Its Balloon. China on Monday said it was accusing China and the United States of indiscriminate use of force to shoot down an alleged Chinese spy balloon. The country claimed it "seriously affected and damaged the efforts of both parties as well as improvement toward stabilization of Sino-U.S. relationships." The U.S. shot down the balloon off the Carolina coast following its passage through sensitive military installations throughout North America. China insists that the flyover was an accident caused by an aircraft that was a civilian. Vice-French Minister Xie Feng has said that…
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Jan
12
2023
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By Fredric M. Wiseman
Sweden was enticed into a military agreement with the US

Sweden was enticed into a military agreement with the US

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Sweden was enticed into a military agreement with the US. NATO and the US and NATO believed that it would be simple to persuade Turkey to allow Sweden to be a member of NATO. But, Erdogan kept shifting the goalpost and was constantly adjusting his demands. It seems that the Biden administration's effort to the Swedish accession process on track to the ranks of a NATO member failed as Turkey refused to sign the agreement and exercised its right to deny approval until its terms regarding the past tense relationship between Stockholm and Kurdish separatists are fully taken care of.…
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Jan
12
2023
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By Kevin Bonner
Oil prices increase due to China expectations of demand US inflation on the agenda

Oil prices increase due to China expectations of demand US inflation on the agenda

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Oil prices increase due to China expectations of demand US inflation on the agenda. Oil gained about one cent on the day, aided by optimism about China's demand outlook , and hope that the upcoming inflation data in the United States will point to slowing growth in interest rates. The world's largest crude importer China is now reopening its market after the end of the strict COVID-19 restrictions, which has boosted optimism that demand for gasoline will rise in 2023. Brent crude gained 90 cents (or 1.1 percent in the last hour, rising to $83.58 at 1100 GMT and U.S.…
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Jan
08
2023
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By Helen E. Blake
The US cannot help Beijing to stabilize its economy

The US cannot help Beijing to stabilize its economy

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The US cannot help Beijing to stabilize its economy. The day following Beijing stopped its COVID-free policy. Then, immediately after an interaction with the leaders of both the World Bank and the International Monetary Fund, Li Keqiang, a top official from China's Chinese Communist Party, told reporters that China would welcome foreign investment and encourage an opening of the institution. This message was repeated in the words of Chinese Embassy to United States Qin Gang in an article entitled "How China Sees the World," published in the National Interest on Dec. 27. Qin stated to readers "China's development means a…
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Jan
02
2023
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By Fredric M. Wiseman
European markets kick off the New Year on a high note

European markets kick off the New Year on a high note

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European markets kick off the New Year on a high note. European market prices started this New Year on a high note on Monday (2 January) after a turbulent 2022, which saw International Monetary Fund (IMF) chief Kristalina Georgieva warning that three-quarters of the global economy is in danger of recession by 2023. The Paris CAC 40 climbed over 1% as did the Frankfurt DAX increased by 0.7 percent. However, London, Wall Street and oil markets were shut to celebrate the holidays. The majority of Asian stock markets were closed. The ones that did open, Jakarta was flat while Seoul…
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Jan
01
2023
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By Helen E. Blake
China will boost spending during the 2023 Economic revival push: NDRC

China will boost spending during the 2023 Economic revival push: NDRC

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China will boost spending during the 2023 Economic revival push: NDRC The top planner for China's economy is hoping to increase domestic consumption and draw more foreign investors in the coming year, as it tries to revitalize the economy of Covid, which has suffered in recent years.. In an interview in the People's Daily published on Sunday, Zhao Chenxin, deputy chairman of the National Development and Reform Commission stated that the authorities will align financial, industrial, monetary, technological and social policies to encourage growth. The government could also offer assistance for previously heavily regulated industries like the property and internet-related…
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Jan
01
2023
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By Kevin Bonner
The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation

The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation

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The U.S. Economy In 2023: Walking The Tightrope To Avoid Stagflation. In the past, two years back I titled my annual forecast of economic conditions "We Are All Super-Keynesians Now." The previous year, it was "All Eyes On Inflation." This year's main focus is on the costs of adjustment of decreasing the rate of inflation. The order of titles is based on economic logic and philosophies in that the government spends too much, is able to pay for its expenditure through printing money or debt monetization, prices increase and in the event that you do not want to become like…
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Dec
29
2022
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By Fredric M. Wiseman
Experts warn of the emergence of COVID Variants amid the soaring cases in China

Experts warn of the emergence of COVID Variants amid the soaring cases in China

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Experts warn of the emergence of COVID Variants amid the soaring cases in China. China has announced that visitors will no longer be required to be quarantined from January 8, the most recent major shift in stricter restrictions which have been keeping the country mostly closed to the outside world since the beginning of this pandemic. The country's National Health Commission has stopped the daily release of cases; officials in various cities believe there are hundreds of thousands who've contracted the disease over the past few months. The crematoriums and hospitals are overloaded across the nation, France24 reported. As the…
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Dec
29
2022
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By Kevin Bonner
US to Sell Taiwan Anti-Tank System Amid Rising China Threat

US to Sell Taiwan Anti-Tank System Amid Rising China Threat

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US to Sell Taiwan Anti-Tank System Amid Rising China Threat. WASHINGTON - The U.S. State Department has granted approval to sell an anti-tank mine-laying device to Taiwan due to the increasing security threat from China. The department announced on Wednesday that the Volcano system, as well as the associated equipment could cost approximately $180 million. It can scatter anti-personnel and anti tank mines from a ground vehicle or helicopter. It's the kind of weapon that some experts think Taiwan requires more of in order to deter or ward off the possibility of a Chinese invasion. To make the case for…
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Dec
27
2022
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By Kevin Bonner
Oil rises to three weeks highs as China reduces COVID curbs

Oil rises to three weeks highs as China reduces COVID curbs

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Oil rises to three weeks highs as China reduces COVID curbs. Brent crude rose 22 cents or 0.3 percent, at $84.14 at 911 GMT in the U.S. U.S. West Texas Intermediate crude climbed 7 cents to $79.63. The price of oil hit a three-week peak on Tuesday, as China's recent ease in COVID-19 restrictions boosted the hope of a fuel demand growth, with additional assistance coming from reductions on U.S. energy production caused by winter storms. China will no longer require new travelers to undergo quarantine beginning on Jan. 8th The National Health Commission said on Monday in a major…
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Dec
26
2022
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By Helen E. Blake
US on collision course if it keeps hollowing out one-China principle

US on collision course if it keeps hollowing out one-China principle

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US on collision course if it keeps hollowing out one-China principle Over the years, interactions with China with America have been a source of tension for decades. The United States has to a significant extent remained relatively steady due to the US following China's one-China strategy. That, in conjunction with the conscious and deliberate strategic control across both ends of the Pacific has contributed in the development of healthy bilateral relationships. It seems that the days of pleasant relations between the two sides appear to be over but Washington's strategic uncertainty has been replaced with the enforcing of China-US relations,…
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Dec
14
2022
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By Kevin Bonner
The US is expected to add 36 more Chinese companies to its Entity List

The US is expected to add 36 more Chinese companies to its Entity List

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The US is expected to add 36 more Chinese companies to its Entity List Another 36 Chinese companies will be added to the US Entity List as soon as next week. This will severely restrict their access to US technology components and technology. Bloomberg reports that a source familiar with the matter stated that the Biden administration plans to release the final list of companies shortly. Yangtze Memory Technologies, (YMTC) is the only confirmed company. How to Target Military Families with Facebook Advertising This company was previously slated to supply Apple with 128-layer 3DNAND flash memory. Apple decided that relying…
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Dec
11
2022
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By Kevin Bonner
Senior US delegation to visit China in coming days

Senior US delegation to visit China in coming days

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Senior US delegation to visit China in coming days. The US State Department announced Saturday that a high-ranking delegation from the United States will travel to China next Wednesday to follow up on President Joe Biden’s recent talks with Chinese counterpart Xi Jinping, and to prepare for Secretary Antony Blinken’s visit there early next year. A senior White House official stated that China wanted to stabilize relations with the United States as it faces economic challenges in its country and is being challenged in Asia by assertive diplomacy. Ten Boston Fashion Bloggers You Need to Know The State Department announced…
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Dec
05
2022
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By Kevin Bonner
US Naturalizations Reach Highest Level in a Decade

US Naturalizations Reach Highest Level in a Decade

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US Naturalizations Reach Highest Level in a Decade A new study shows that the number of immigrants who choose to become citizens in America is rising after a decline during the Covid-19 pandemic. According to a Pew research center report, more than 900,000.000 immigrants became U.S citizens in the 2022 fiscal year. This is the highest number of immigrants in a decade. This year's total is the third highest ever recorded and the highest since the 2008 fiscal year, when more that one million immigrants were naturalized. Markets Wait for December Fed Meeting After Blowout November Jobs report The report…
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Dec
01
2022
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By Kevin Bonner
China will take steps to defend its companies following the U.S. telecoms ban

China will take steps to defend its companies following the U.S. telecoms ban

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China will take steps to defend its companies following the U.S. telecoms ban. China has reacted against the U.S. Federal Communications Commission's ban of new Chinese telecommunications equipment sales. The commerce ministry stated on Thursday that it opposes the ban and pledged to take the necessary steps to protect the rights of domestic companies. Friday's ban by the Biden administration on import or sale of new telecommunications equipment made from China's Huawei Technologies (000063.SZ) was based on national security concerns. Biden urges Congress to stop a potential rail strike. Shu Jueting, spokesperson for China's commerce ministry, stated that China will…
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Nov
11
2022
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By Kevin Bonner
Oil rises by 3% after China relaxes COVID restrictions

Oil rises by 3% after China relaxes COVID restrictions

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Oil prices rose by around 3% Friday, after Chinese health officials eased some of their COVID restrictions. Brent crude futures increased by $2.86 or 3.1% to $96.53 per barrel at 1145 GMT. This extends a 1.1% increase in the previous session. Commerzbank stated that the Chinese government had made the first steps to ease regulations. However, this did not mean that oil prices would drop. The Friday milder-than-expected U.S. Inflation data boosted hopes that the Federal Reserve would slow rate increases and increase prices, increasing the chances of a soft landing by the world's largest economy. You can get up…
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Nov
04
2022
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By Kevin Bonner
Dollar gets a breathe over China opening hopes, US jobs data in the spotlight

Dollar gets a breathe over China opening hopes, US jobs data in the spotlight

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Dollar gets a breathe over China opening hopes The pound and the euro gained the ground they lost on Friday but they were set to suffer their largest weekly losses since September in advance of U.S. jobs data that could confirm the hawkish tone Fed Chair Jerome Powell delivered this week increasing the dollar. The main reason for the increase was the improved investor mood after reports that China might ease its anti-COVID policies, which led to China's currency strengthening rapidly. The euro closed up 0.24 percent at $0.9772 after trading at 0.54 percent higher. The sterling was trading up…
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Nov
01
2022
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By Kevin Bonner
Economies weaken Inflation remains high

Economies weaken Inflation remains high

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The risks of a downturn to the outlook for economic growth globally have continued to increase throughout October. some leading indicators now indicating even more severe recessions, especially in the eurozone. On the bright side, the euro zone escaped recession in the third quarter, as consumers' spending turned out to be more resilient to the effects of inflationary pressures than anticipated. However inflation pressures continue to grow, as the euro zone HICP growth hit a record-setting high of 10.7 percent in October. Although energy prices were the primary factor driving inflation in H1 2022, the pressures on prices are now…
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Oct
23
2022
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By Kevin Bonner
The poorest nations are in risk due to the unattainable G-20 Debt relief initiative

The poorest nations are in risk due to the unattainable G-20 Debt relief initiative

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London/Washington, October 23rd, 2008 - The inability to make significant progress in securing debt relief programs for the poorest nations of the world in the International Monetary Fund and World Bank annual meetings in Washington has made policymakers, campaigners, and investors dissatisfied. Two years ago, the Group of 20 launched the Common Framework - a mechanism that was designed to offer a quick and thorough debt overhaul to nations struggling to pay their debts following the COVID-19 crisis. It will go beyond debt repayment moratoriums. Nairobi A 23-year-old Robbery Suspect arrested with Homemade gun, car and Motorbike Ignition Keys. However,…
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