[OFFICIAL] - China

This will have far more impact on the world's overall welfare than Donald Sterling.

 

Russian companies ‘de-dollarize’ and switch to yuan (yen), other Asian currencies

Russia will start settling more contracts in Asian currencies, especially the yuan, in order to lessen its dependence on the dollar market, and because of Western-led sanctions that could freeze funds at any moment.

“Over the last few weeks there has been a significant interest in the market from large Russian corporations to start using various products in renminbi and other Asian currencies, and to set up accounts in Asian locations,” Pavel Teplukhin, head of Deutsche Bank in Russia, told the Financial Times, which was published in an article on Sunday.

Diversifying trade accounts from dollars to the Chinese yuan and other Asian currencies such as the Hong Kong dollar and Singapore dollar has been a part of Russia’s pivot towards Asian as tension with Europe and the US remain strained over Russia’s action in Ukraine.

Since Crimea voted to rejoin Russia, the US government has imposed Cold War era sanctions, which have hurt the Russian economy and have slowed lending and investment activity.

VTB, Russia’s second largest bank, intends to increase the amount of non-dollar settlements, according to the bank’s president Andrey Kostin.

In May, Russia’s biggest gas producer, Gazprom, announced it wants to start trading shares in Singapore, obtaining a listing as early as July, the company said. Just before that Russia’s state-owned gas giant inked a $400 billion gas deal with China.

“Given the amount of bilateral trade volume with China, of course, we are working on the expansion of settlement in rubles and yuan,” Kostin said at a meeting with Russian President Vladimir Putin, adding this is a goal the bank has been moving towards since May.

A new payment plan

Russia's main tasks are expanding currency operations and creating Russia’s own forthcoming national payment system.

The Central Bank of Russia is working on creating a national payment system, which both China and Japan have already established, and is expected to be up and running within four months.

Alexander Dyukov, the CEO of Gazprom Neft, the oil division of Gazprom, has been very vocal about ditching the dollar over escalating pressure from the West.

"This shows that in principle there is nothing impossible - you can switch from dollar to euro and from euro, in principle, to rubles," Vedomosti quotes Mr. Dyukov.

He has also said the company has discussed with customers the possibility of shifting contracts out of dollars, while Norilsk Nickel told the FT that it was discussing denominating long-term contracts with Chinese consumers in renminbi.

As of now, Russia is not preparing any countermeasures against the West, Putin’s chief advisor to the EU, Andrey Belousov has said.

“As long as Russia is not subject to systemic sanctions, which could bring an artificial limit to our economy’s access to dollars?.?.?.?then I don’t think Russia will take any steps in order to bring about artificial de-dollarization,” the FT quoted Belousov as saying.

Another swift move Russia has made towards Asia is the establishment of a joint rating agency with China, to replace more "biased" agencies like Fitch, Moody’s, and Standard & Poor’s.

 

Chinese City in Quarantine After Bubonic Plague Death: Report

Just found out about this last night.......

http://abcnews.go.com/International...bubonic-plague-death-report/story?id=24669234


Parts of a city in northwestern China are in quarantine after a man died from bubonic plague last week, state media reported.

The 38-year-old victim had been in contact with a dead marmot, a type of rodent, according to the Xinhua news agency. Health officials and disease prevention specialists are in Yumen, in China's Gansu Province, to prevent the plague from spreading.

Several parts of the city of more than 100,000 people are reportedly in quarantine, and 151 people who recently had contact with the victim are under isolation, the news agency said. No one has any symptoms of the plague, Xinhua reported.

Some reports claim the victim had chopped the squirrel-like rodent up to feed it to his dog, and later developed a fever. He died in a hospital on July 16.
Bubonic plague usually comes from an infected flea bite, which can live on rodents and other animals, according to the World Health Organization. Without immediate treatment, it is fatal in more than half of cases.
The plague is very rare but still present in mostly rural areas.

 

Community Health says data stolen in cyber attack from China

http://money.msn.com/business-news/article.aspx?feed=OBR&Date=20140818&ID=17865230&ocid=ansmony11


BOSTON/NEW YORK (Reuters) - Community Health Systems Inc , one of the biggest U.S. hospital groups, said on Monday it was the victim of a cyber attack from China, resulting in the theft of Social Security numbers and other personal data belonging to 4.5 million patients.

Security experts said the hacking group, known as "APT 18," may have links to the Chinese government.

"APT 18" typically targets companies in the aerospace and defense, construction and engineering, technology, financial services and healthcare industry, said Charles Carmakal, managing director with FireEye Inc's (FEYE.O) Mandiant forensics unit, which led the investigation of the attack on Community Health in April and June.

"They have fairly advanced techniques for breaking into organizations as well as maintaining access for fairly long periods of times without getting detected," he said.

The information stolen from Community Health included patient names, addresses, birth dates, telephone numbers and Social Security numbers of people who were referred or received services from doctors affiliated with the hospital group in the last five years, the company said in a regulatory filing.

The stolen data did not include medical or clinical information, credit card numbers, or any intellectual property such as data on medical device development, said Community Health, which has 206 hospitals in 29 states

 

Dammit

America usurped:
China becomes world's largest economy - putting USA in second place for the first time in 142 years


http://www.dailymail.co.uk/news/art...ion-America-falls-second-place-time-1872.html

 

New World Order

 

China is a massive ponzi scheme masquerading as a country.

 

The only way that happens is of there is a world war that doesn't touch them and they are solely responsible for rebuilding and that line first time in 142 years sounds false as hell. The US was going through reconstruction and rebuilding after its bloodiest war to date not to mention losing billions in free slave labor. Didn't become number one until after WWII.

 

Didn't Mitt Romney warn us of this?

 

No he went there and marveled at there sweat shops

 

Do tell.

And yes he did warn us.. don't take that from him because you are a leftie. :smt002

 

WOW i thought it was going to happen in 2050

 

China's population has overblown it's water supply and lacks the farmland to feed it's ravenous population.

They've fucked off their resources now they're coming for yours...wherever you are.

 

They are coming for everybody's just as America and Europe came for everybody's sometime ago

 

Or Africa.

Remember in my earlier posts China has invested big money on that continent.

Interesting how Ebola has not popped up in China.......

 

Rather the Chinese than some snooty Westerner who thinks his/her presence is God's gift to you.

 

So you'd rather get your resources stolen by an Asian that sees you as a monkey as opposed to a white boy that sees you as a monkey.

Typical nigerian..

Seems you'd want the exploitation of Africa to stop altogether.

 

The chinese sees the African as his pet monkey and Africa as his new breadbasket.

 

I'm so glad that makes you feel better

 

To say you are unintelligent would be insulting to unintelligent people because i am not Nigerian. When Asians come to Africa yes they also come to make the most of Africa's resources but come differently. They tell you they dont wanna meddle in your internal affairs and they share one thing with you and that is the utter disrespect and stereotyping that they also suffered from snooty westerners in the past. Facts wont change, Africa is being exploited by every major economy and until there are game-changing leaders in Africa like Kwame Nkrumah was trying to be, it wont be changing anytime soon. Until it does it would be better to deal with people who will at least show you respect. You must be the dumb nigga my Father told me to avoid when i was leaving England for America as a teenager.