China

China can hurt America in trade war six ways from Sunday
China can damage US economy in a full-scale trade war if it is willing to take the pain. The threat of a full-scale trade war between the US and China has dominated the news in recent weeks. The countries have exchanged import tariffs on each other's goods, and are threatening further protective steps. [...]
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Weaponizing the Debt: How Dumping of US Treasuries May Dethrone the Dollar
The White House's tough trade practices and sanctions policies may finally backfire on the US, prompting holders of US debt to dump American Treasuries. The move could have a serious impact on the decades-long leadership of the US dollar. Russia and China are dumping their US Treasury debt holdings amid Washington's sanctions an [...]
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China can substitute US oil with Iranian crude to ‘infuriate Trump’ – analyst
Beijing’s retaliatory measures against US tariffs can include penalties on oil coming to China from America. A cut in Chinese purchases of US oil may benefit Iran’s sales and anger Washington. “The Chinese may just replace some of the American oil with Iranian crude,” said John Driscoll, director of consultancy JTD Energ [...]
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US is pushing Russia, China, Iran together & cutting itself off from global trade – Jim Rogers
The United States is isolating itself from countries around the world, and making countries unite in a time of economic repression from Washington, prominent investor Jim Rogers says. “America is pushing China and Russia together, America’s pushing China and Iran together, pushing China, Iran, Russia all together, and that [...]
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Sick & tired of US foreign policy, Germany is pushed into the open arms of China
Germany has had enough of American foreign policy. Angela Merkel’s visits to Russia and China are a testament to that. On May 10, 2018, German Chancellor Angela Merkel openly said that Europe can no longer count on the United States to protect it, hinting that the European continent would begin to “take destiny into its own [...]
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China Better Economic Choice Than US for EU
The United Kingdom and the European Union face a critical choice about the direction of future trade policies with the rest of the world. Should the EU deepen its already heavy exposure to the US even as the country turns inward, or should it begin to diversify its trade relations toward a less familiar albeit increasingly prosp [...]
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Russia-China trade to continue booming while US faces risk of recession – expert
Bilateral trade between Russia and China has grown steadily and the positive trend will continue, according to Xu Sitao, chief economist with Deloitte, consulting in China. He warned US economy is facing risk of recession by 2020.  Xu said China has become the largest export market for Russia since 2017, accounting for roughly [...]
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Yuan oil contracts to strengthen China’s currency status to compete with US dollar – analyst
As more countries pay for oil in yuan, the standing of the Chinese currency in global finance has grown, an analyst tells RT. However, its future path won’t be completely smooth, he warns. “If people started to pay for oil in yuan, central banks would need to hold reserves in yuan, leading to a massive increase in the global [...]
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“Chinese Were Prepared, EU Companies Were Not” for US’ Iran Sanctions – Analyst
China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s ac [...]
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EU States, Russia, China to Discuss New Iran Deal, Leaving US Sidelined – Report
According to Reuters' sources, the meeting will solely focus on the implementation issues and details of the Iran nuclear deal. Diplomats from Germany, France, Britain, led by senior EU diplomat Helga Schmid, and also from Russia and China, will be meeting in Vienna next week to discuss a new agreement with Iran similar to [...]
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Washington wants to drive wedge between Russia, China & Europe – analyst
The real goal behind recent US sanctions is to isolate Russia economically from Europe and Asia, according to an analyst interviewed by RT. “The most obvious reason for sanctions is to drive a wedge into the relationship between Russia and the European Union, between Russia and China, etc.” said TeleTradeBel analyst Mikhail [...]
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China’s Petro-Yuan Contracts on Steady Rise Amid Renewed US Sanctions on Iran
Washington’s intention to re-impose the "toughest" sanctions on Iran appears to be playing into the hands of Chinese investors and oil futures traders, analysts have come to believe. Shanghai crude oil futures ISCc1 have recently seen a significant uptick in their trade volumes, which hit a record 250,000 lots last Wednesday, [...]
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China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade
Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market. Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a reco [...]
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Ten O’Clock to Tehran: China Launches New Rail Link with Iran as US Severs Ties
Beijing has officially opened its new train route to Iran, as the US urges its companies to wind down their operations with the Islamic Republic. As US President Donald Trump hardens his confrontational attitude to Tehran, tearing up the 2015 nuclear deal and calling for a new sanctions regime, China is more than ready to grab t [...]
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Europe trails Russia & China, lacking political weight to face down US – Galloway
While Washington is challenging the multipolar world with unilateral actions, Europe has vowed to challenge its hegemony. However, it has not enough character and political will to fit the role, former UK MP George Galloway says. The US decision to pull out from the long-weaved nuclear deal with Iran prompted the EU to consider [...]
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