The international financial system needs to balance which is why there is no place for a dominant currency, said Russian PM Dmitry Medvedev. “The balanced system of financial relations should be based on the use of various reserve currencies, various forms of settlement. There should be no domination of any one currency,” said Medvedev, speaking at the regular Russia and China heads of govern [...]

China raised the maximum speed of its popular Beijing-Shanghai bullet trains up to 350 kph Tuesday, following years of restrictions amid safety concerns. China's Fuxings have once again become the world's fastest trains with the journey between Beijing and Shanghai being reduced from 5 hours and 45 minutes to 4 hours and 28 minutes. [...]

The United States dare not enter a trade war with China because it would certainly lose as it has already lost global economic, manufacturing and purchasing power leadership, analysts told Sputnik. [...]

Commenting on the recent statement of White House Chief Strategist Steve Bannon that the US is at 'economic war' with China, Hong Kong-based political scientist Joseph Cheng explained to Sputnik that the US, in fact, can't do much to prevent Beijing from growing into the world's economic leader and why the two countries should avoid a trade war. [...]

Amid expectations of the US launching investigations into China’s alleged theft of American intellectual property as well as unfair trade practices, Beijing appears unmoved by the imminent probe while US businesses fear reprisals in case the row unintentionally escalates. Washington is expected to soon announce investigations into how China tackles copyright protection, protectionism and mark [...]

The US-South Korean military drills which are due to start next Monday may dramatically deteriorate the situation on the Korean Peninsula, RIA Novosti contributor Gevorg Mirzayan writes, adding that the country with the EU's leading economy, Germany, has openly demonstrated its discontent with US policy in the region. [...]

America’s chronic trade deficit with the rest of the world is testimony to a failed US economy. In reality, the US has no-one else to blame but itself for such an historic failure. But in typical chauvinist fashion, the Trump administration has found a handy scapegoat by blaming China — its top bilateral trading partner. President Donald Trump this week ordered a probe into alleged tr [...]

China "will stay neutral" if North Korea launches missiles threatening the United States, according to an op-ed in the influential Chinese newspaper Global Times. At the same time, Beijing will respond if the US and South Korea strike first and try to overthrow the North Korean regime. [...]

The commander of the United States Pacific Fleet said Thursday that he would launch a nuclear strike on China if President Donald Trump ordered it. "The answer would be: Yes," Adm. Scott Swift said, responding to a hypothetical question at a security conference at the Australian National University, according to ABC News. [...]

Syria’s Ambassador to China and former Ambassador to the United States Imad Moustapha stated that Beijing has never played an active role in Syrian crisis, but always vetoed resolutions sponsored by the West to sanction the government of Syrian President Bashar Assad. [...]

As the West dithers, Russia is moving closer to China, and it increasingly appears the G7 will never be the G8 again. Soon after the 2014 Winter Olympics in Sochi, advertisements began appearing around the city for the “G8 English School.” The proprietor was evidently using the conference, slated for the Black Sea city, to drum up interest in learning the language. [...]

China’s Foreign Minister warned that an armed conflict with North Korea may break out “at any moment,” urging Washington and Pyongyang to tone down their hawkish rhetoric and realize the price to pay for both sides if a new Korean War were to start. [...]

Beijing has called on the US to stop its hacking practices against China and other countries, following a WikiLeaks release which reportedly exposes the CIA’s extensive hacking capabilities and lists Chinese routers as targets. [...]

China has become the world’s largest producer of solar energy, according to a new report from the country’s energy administration. The most populous nation on Earth nearly doubled their capacity for solar power in 2016, but they still have a very low per-capita rate for solar power use. [...]

Over the next three decades, the global economy will be dominated by China, and the US economy will lose steam and fall behind India, says consulting firm PricewaterhouseCoopers (PwC). Russia will become the leading European economy ahead of Germany, UK, and Italy with GDP of $7 trillion, according to a PwC report. [...]

The Chinese People’s Liberation Army Rocket Force has begun practicing the deployment of medium-range Dongfeng (DF) missiles capable of reaching strategic US and Japanese bases near China, the latest iteration of Beijing’s war game-preparations for an armed conflict in the South and East China Seas. [...]

Both Beijing and Washington are by no means interested in unleashing an all-out trade war, experts believe. Beijing and Washington are exchanging signals and testing waters before starting a serious dialogue about the future of bilateral relations, Russian expert Nikita Maslennikov told Sputnik. [...]

Thom talks Trump, trade, and trickle-down economics with economist Richard Wolff. Later on in the program, Thom talks with Alex Lawson of Social Security Works and Jessica Jackson Sloan of #cut50 about Trump’s pick of Steve Bannon to serve as chief White House strategist, how Democrats can win over working-class voters, and whether Trump could actually stage a fascist takeover of our democracy. [...]

Director of the Center for the South Pacific Institute of International Studies, Shen Shishun, spoke to Sputnik China about the South China Sea and US involvement in the region. “The US has no territorial jurisdiction in the South China Sea and moreover is not a part of this conflict. [...]

Earlier this month, Chinese Admiral Guan Youfei visited Syria. Few details were made available on the specifics of Beijing's cooperation agreement with the Syrian military, but the pact itself represents a landmark shift both in the military sense and from the perspective of international geopolitics, says French political analyst Thierry Meyssan. [...]

From best-selling author and filmmaker, Peter Navarro, comes DEATH BY CHINA, a documentary feature that pointedly confronts the most urgent problem facing America today – its increasingly destructive economic trade relationship with a rapidly rising China. Since China began flooding U.S. markets with illegally subsidized products in 2001, over 50,000 American factories have disappeared, more [...]

China’s recent announcement of an increase of its humanitarian support for the Syrian people and that it would provide additional training to the Syrian forces comes as a “headache for the US,” according to the American media. “As if the multi-party war in Syria weren’t complicated enough, it now appears that the People’s Republic of China has decided to take a more active role in t [...]