Wednesday, February 25, 2015

Is a China-India-Russia Coalition Inevitable?

Is It Time to Include the Yuan in IMF Basket?

By Qiao Yide, Ge Jiafei and Miriam Campanella
As the next five-year review of the International Monetary Fund's international reserve asset approaches, reviewers should strongly consider the case for including the yuan in the basket.
The Special Drawing Rights (SDR) is an international reserve asset used to supplement IMF member countries' official reserves. Its value is based on a basket consisting of four key international currencies, namely the U.S. dollar, euro, British pound and Japanese yen.
The IMF has two criteria for SDR basket currencies. The first is "major trading country." This applies to currencies whose exports of goods and services during the five-year period ending 12 months before the effective date of the revision had the largest value. Then there is the "freedom of use" criterion for currencies determined by the IMF to be widely used to make payments for international transactions and to be widely traded in the principal exchange markets.
In the 2010 review, the yuan was deemed to meet the first criterion, but it fell short on freedom of use. So what are its prospects in the review in 2015?

Plan B needed for N. Korean regime change

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Korea initials FTA with China

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Tuesday, February 24, 2015

Argentina Moves Towards Marriage of Convenience with China

Argentina Moves Towards Marriage of Convenience with China

The entrance to Chinatown in Buenos Aires, where a sign promotes the renovation of Argentina’s railways, partly financed by Beijing. Credit: Fabiana Frayssinet/IPS
The entrance to Chinatown in Buenos Aires, where a sign promotes the renovation of Argentina’s railways, partly financed by Beijing. Credit: Fabiana Frayssinet/IPS
BUENOS AIRES, Feb 23 2015 (IPS) - The government of Argentina is building a marriage of convenience with China, which some see as uneven and others see as an indispensable alliance for a new level of insertion in the global economy.
The process forms part of a radical change with respect to Argentina’s diplomacy, which years back involved ties with the United States described as “carnal relations.”
President Cristina Fernández called the new relationship with China an “integral strategic alliance,” after signing a package of 22 agreements with Chinese leader Xi Jinping in Beijing on Feb. 4.

French Jet Deal With India Under Threat From Russia

Sunday, February 22, 2015

Year of the Sheep, Century of the Dragon? New Silk Roads and the Chinese Vision of a Brave New (Trade) World By Pepe Escobar

BEIJING -- Seen from the Chinese capital as the Year of the Sheep starts, the malaise affecting the West seems like a mirage in a galaxy far, far away. On the other hand, the China that surrounds you looks all too solid and nothing like the embattled nation you hear about in the Western media, with its falling industrial figures, its real estate bubble, and its looming environmental disasters. Prophecies of doom notwithstanding, as the dogs of austerity and war bark madly in the distance, the Chinese caravan passes by in what President Xi Jinping calls “new normal” mode.
“Slower” economic activity still means a staggeringly impressive annual growth rate of 7% in what is now the globe’s leading economy. Internally, an immensely complex economic restructuring is underway as consumption overtakes investment as the main driver of economic development. At 46.7% of the gross domestic product (GDP), the service economy has pulled ahead of manufacturing, which stands at 44%.

Why Are Russian Bombers Flying Over Southern England?

The China-Pakistan Axis: Asia’s New Geopolitics by Andrew Small

The China-Pakistan Axis: Asia’s New Geopolitics by Andrew Small

Friday, February 20, 2015

China pivots everywhere by Pepe Escobar

The world’s leading economy is on a roll as it enters a new year in the Chinese zodiac. Welcome to the Year of the Sheep. Or Goat. Or Ram. Or, technically, the Green Wooden Sheep (or Goat).
Even the best Chinese linguists can’t agree on how to translate it into English. Who cares?
The hyper-connected average Chinese – juggling among his five smart devices (smartphones, tablets, e-readers) – is bravely advancing a real commercial revolution. In China (and the rest of Asia) online transactions are now worth twice the combined value of transactions in the US and Europe.
As for the Middle Kingdom as a whole, it has ventured much further than the initial proposition of producing cheap goods and selling them to the rest of the planet, virtually dictating the global supply chain.
Now Made in China is going global. No less than 87 Chinese enterprises are among the Fortune Global 500 – their global business booming as they take stakes in an array of overseas assets.
Transatlantic trade? That’s the past. The wave of the future is Trans-Pacific trade as Asia boasts 15 of the world’s top twenty container ports (with China in pride of place with Shanghai, Hong Kong, Shenzhen, Guangzhou).
Sorry, Britannia, but it’s Asia – and particularly China – who now rule the waves. What a graphic contrast with the past 500 years since the first European trading ships arrived in eastern shores in the early 16th century.

Wednesday, February 18, 2015

Unity, Family, and Socialism: President Xi Offers Chinese New Year Greetings

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Cambodia Bans Drones


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The Myth of India's 'Shift' Toward Israel

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Is Mao Still Dead?

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The Two Koreas: Between Economic Success and Nuclear Threat

The Two Koreas: Between Economic Success and Nuclear Threat

The Middle East and China by Chas W. Freeman



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Chinese New Year 2015: 6 things you need to know about the Year of the Goat

Chinese New Year 2015: 6 things you need to know about the Year of the Goat (not Sheep) - Asia - World - The Independent

The world’s largest annual human migration is now well underway as 2.8 billion trips are made across China in what is known as chun yun, when students, migrant workers and office employees living away from home will make the journey back to celebrate with their families.

Image result for chinese new year 2015


Saturday, February 7, 2015

In GDP to welfare ratio, South Korea is at the OECD bottom

South Korea’s GDP-welfare ratio is rising, but due to changes in OECD data collect, now last among 30 countries

No Love for Welfare in South Korea

Results from the Real Meter public opinion poll. The image in the top position shows that 46.8% of the respondents favor reductions in welfare over tax increases; the bottom image shows that 59.7% of respondents support a corporate tax increase; and the image in the background shows that "if taxes were increased" 59.7% favor a corporate tax increase (over value-added tax and income tax). | Image: Sino-NK
Results from the Real Meter public opinion poll. The top image shows that 46.8% of the respondents favor reductions in welfare over tax increases; the bottom image shows that 52.8% of respondents support a corporate tax increase; and the image in the background shows that “if taxes were to increase” then 59.7% would favor a corporate tax rise (over VAT and income tax). | Image: Sino-NK

Wednesday, February 4, 2015

History Channel | Secrets Behind Korea`s Economic Success (HD)

관악합주 수제천

이삼스님 대금독주회-9 정악대금독주 상령산

25현 가야금을 위한 '불꽃으로부터의 명상' - 이슬기

A yearning towards northwards Mireuk-ri Standing Stone Buddha

가을에 만난 보물의 보고 청도 운문사

The old Seoul Station Building which keeps the history of modern Korea

Gurye's version of Mt. Geumgangsan Saseongam Temple in Mt. Osan, Gurye

China Warns Korea Against U.S. Missile Defense


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Taipei Plane Crash - Amateur Video


Un avion s'écrase dans une rivère à Taipei by lemondefr

Sunday, February 1, 2015

Recent Reproductions of South Korean “National Hero” Ahn Jung-geun BY STEVEN DENNEY

Ahn_Seoul_sitting
A sitting statue of Ahn Jung-geun located at the entrance to a Seoul exhibition about him. The Chinese characters behind read, “大韓獨立” (대한독립; Korean independence). | Image: Steven Denney/Sino-NK
Question: What do Chris Kyle and Ahn Jung-geun have in common?
Answer: They both tell the story of a nation.