China

The Ezubao scam: A sign of deeper problems in China’s financial system

By Peter Symonds, 5 February 2016

Ezubao was part of the largely unregulated peer-to-peer online finance industry that has drawn in millions of small investors with the offer of high returns.

Open leadership row at Vietnam’s ruling party congress

By John Roberts and Peter Symonds, 3 February 2016

While General Secretary Trong may be more cautious than his rival about embracing US imperialism, Vietnam’s leadership will continue the tilt to Washington.

The Pentagon’s CSIS report and Australia’s role in the escalating war drive against China

By the Socialist Equality Party (Australia), 3 February 2016

Washington’s entire anti-China strategy has received the unconditional backing of successive governments in Canberra.

US secretary of state demands China act against North Korea

By Peter Symonds, 28 January 2016

Kerry threatened to expand the US military presence in Asia unless Beijing took tough measures in response to Pyongyang’s latest nuclear test.

US think tank outlines master plan for war with China

By Peter Symonds, 26 January 2016

The CSIS report represents the voice of the vast American military establishment, which regards China as the chief threat to untrammelled US strategic dominance in Asia.

Australian prime minister visits US military commander in Hawaii

By Mike Head, 23 January 2016

Over the past year, the admiral has played a vocal role in inflaming tensions with China, particularly over its territorial claims in the South China Sea.

Japan heightens its profile in the South China Sea

By Peter Symonds, 22 January 2016

Japan, like the US, is exploiting the tensions in the disputed waters to advance its own economic and strategic interests in South East Asia.

China confirms economic slowdown as IMF cuts global growth forecast

By Nick Beams, 20 January 2016

The risks cited by the International Monetary Fund to the global economy are not situated on the longer term horizon, but are an ever-present reality.

Obama thanks Australian prime minister for war efforts

By Peter Symonds, 20 January 2016

While the tone was not as strident as his predecessor, Turnbull’s underlying message was the same: full support for US militarism around the world.

Wave of selling hits US markets

By Nick Beams, 14 January 2016

The sharp downturn in US markets has come amid a series of statements by banking officials that the conditions for a new financial crisis are rapidly developing.

China’s deep economic malaise

By Peter Symonds, 13 January 2016

The economic slowdown, which is exposing massive overcapacity and high levels of debt, is threatening to trigger an upsurge in the class struggle.

Chinese markets continue to fall, amid mounting concerns over growth

By Nick Beams, 12 January 2016

The Shenzhen Composite Index has fallen by more than 20 percent so far this year, wiping off almost $1 trillion from share values.

US, China tensions sharpen after North Korean nuclear test

By Peter Symonds, 9 January 2016

China is caught in a bind: not wanting North Korea to trigger an arms race in North East Asia, but also seeking to stave off a collapse of the unstable regime.

Global markets continue to fall

By Nick Beams, 9 January 2016

The impact of events in China points to the worsening situation facing major Western corporations.

Global financial turmoil continues on fears of slower growth

By Nick Beams, 7 January 2016

The fall in oil prices to their lowest level in 11 years points to deepening recessionary trends that increase the risk of defaults in high-risk, high-yield bonds.

North Korea conducts fourth nuclear test

By Peter Symonds, 7 January 2016

The test will heighten the tense situation in North East Asia generated by the Obama administration’s confrontational “pivot to Asia” against China.

Condemnations of Chinese flight in South China Sea

By Peter Symonds, 5 January 2016

Washington’s calls for restraint are in marked contrast to its escalating provocations to challenge Chinese claims in the disputed waters.

Indonesian foreign policy tilts towards the US and its allies

By John Roberts, 31 December 2015

Amid rising tensions in the South China Sea, Indonesia has adopted a tougher approach to China, while at the same time seeking to avoid open confrontation.

A New Year’s sense of foreboding over the global economy

By Nick Beams, 30 December 2015

Economic developments in 2015 were dominated by intensifying recessionary trends throughout the world economy.

Seven confirmed dead in industrial landslide in Shenzhen, China

By Will Morrow, 30 December 2015

The response of the Chinese regime is aimed at diverting attention from the broader social and political implications of the disaster.

Dozens of Chinese miners killed in three accidents

By Ben McGrath, 29 December 2015

The callous disregard for the safety of miners, resulting in a series of mine explosions and cave-ins, is a product of the drive to cut production costs and boost profits.

Chinese industrial zone engulfed by waste landslide

By Peter Symonds, 22 December 2015

Rescuers are struggling to find those missing after a tidal wave of mud and waste toppled buildings and inundated an area of Shenzhen.

Weakening currency and economic slowdown in China

By Peter Symonds, 14 December 2015

The downward slide in the renminbi’s value threatens other Asian export-dependent countries and heightens the danger of a currency war.

Chinese president seeks to shore up relations with Africa

By Peter Symonds, 7 December 2015

Like every part of the globe, Africa has been transformed into an arena for geo-political rivalry.

The significance of the elevation of the Chinese renminbi

By Nick Beams, 5 December 2015

The renminbi’s elevation to the status of a global reserve currency is an expression of vast shifts in the world economy that underlie the rise in geopolitical tensions.

China bails out embattled Malaysian prime minister

By John Roberts, 5 December 2015

A state-owned Chinese corporation has bought the power assets of Malaysia’s heavily indebted 1MDB fund, which is at the centre of a corruption scandal.

One Belt, One Road: China’s response to the US “pivot”

By Peter Symonds, 4 December 2015

Through its grandiose plan to integrate Eurasia, Beijing is hoping to draw in countries across Europe, Asia, the Middle East and Africa to counter Washington’s offensive.

IMF lifts Chinese currency to reserve status

By Nick Beams, 1 December 2015

The decision to include the Chinese renminbi as an international reserve currency will be viewed by Beijing as a step forward but it is a two-edged sword.

Syria and the South China Sea: Two flashpoints for world war

By Peter Symonds, 27 November 2015

US strategists have long regarded the Eurasian landmass as the key to world domination and view China and Russia as the chief obstacles to American ambitions.

NZ-US military exercise rehearses for incursion into Pacific

By John Braddock, 24 November 2015

The war games are a sharp warning to the tiny states throughout the Pacific of what is in store if they defy the US-led drive against China.

Australia: Labor Party attacks government over Chinese port contract

By James Cogan, 23 November 2015

Labor’s subservience to Washington and the US-Australia alliance is in line with its entire history.

US president reproaches Australian PM over Darwin port deal

By Peter Symonds, 19 November 2015

Amid rising tensions with Beijing, Obama said Washington should have had “a heads-up” over a Chinese company winning the northern Australian port lease.

Divisions emerge over Chinese contract for northern Australian port

By James Cogan, 16 November 2015

The discussion shifted from the commercial opportunities offered by Chinese investment to the “threat” posed by Chinese companies.

US flies nuclear-capable bombers close to Chinese islets

By Peter Symonds, 14 November 2015

Washington’s latest military provocation in the South China Sea takes place on the eve of international summits in Manila and Kuala Lumpur.

Chinese and Taiwanese presidents meet for the first time

By Ben McGrath, 11 November 2015

The meeting took place amid rising tensions produced by Washington’s aggressive “pivot to Asia” against Beijing.

Steep fall in China imports continues

By a reporter, 10 November 2015

The fall in imports shows the strength of the downdraft impacting on the world economy.

Washington’s big lie of “peace and stability” in Asia

By Peter Symonds, 10 November 2015

“Stability,” in Washington’s lexicon, is synonymous with American dominance, which it has always pursued through ruthless and violent means.

US defense secretary threatens Russia and China

By Patrick Martin, 9 November 2015

Ashton Carter’s speech, delivered at the Reagan Library in California, was a deliberately staged provocation against the world’s second and third nuclear powers.

US defense secretary steps up threats against China

By Nick Beams, 6 November 2015

Ashton Carter’s appearance on the aircraft carrier USS Theodore Roosevelt is a further intensification of the US military push against China.

Washington prepares for World War III

By Patrick Martin, 5 November 2015

Three congressional hearings Tuesday discussed the preparations of the US military for a Third World War against China, Russia or both.

ASEAN defence summit divided over South China Sea dispute

By Nick Beams, 5 November 2015

Despite heavy lobbying, the US did not obtain overt backing for its actions in the South China Sea from a meeting of South East Asian defence ministers

US ramps up pressure on Beijing over South China Sea

By Peter Symonds, 4 November 2015

The violation of Chinese maritime claims has nothing to do with upholding international law but is part of Washington’s “pivot to Asia” aimed at subordinating China to US interests.

Merkel draws a positive balance sheet on her eighth visit to China

By Ulrich Rippert, 3 November 2015

Germany is still China’s most important European trade partner, accounting for 30 percent of China’s total trade with the European Union.

Australia and China conduct joint naval exercises

By Peter Symonds, 3 November 2015

The joint operation in no way eases the tensions heightened by the US naval intrusion into Chinese-claimed territory in the South China Sea last week.

Leaders of Japan, China and South Korea meet in Seoul

By Ben McGrath, 2 November 2015

The lack of any reference by China to maritime disputes or Japan’s whitewashing of the crimes of its military in the 1930s and 1940s was a significant concession to Tokyo.

Internal tensions mount despite facade of Chinese leadership unity

By Peter Symonds, 31 October 2015

The Chinese Communist Party plenum this week occurred amid a continuing economic slowdown and Tuesday’s provocative US incursion in the South China Sea.

Chinese military warns against continued US operations in South China Sea

By Nick Beams, 30 October 2015

Pressure is set to intensify on Australia to take a direct part in the US naval operations.

US military cabal organised South China Sea provocation

By Nick Beams, 29 October 2015

The US naval operation was the outcome of months of planning by the Pentagon, accompanied by a build-up of pressure on the Obama administration to authorise it.

Washington’s South China Sea provocation and the spectre of World War III

By Peter Symonds, 28 October 2015

The entry of the guided missile destroyer USS Lassen into Chinese-claimed waters raises the danger of a military confrontation between two nuclear-armed powers.

Tensions soar internationally following US deployment in South China Sea

By James Cogan, 28 October 2015

The reckless calculation in Washington is that the Chinese regime’s diplomatic and military response to its provocative actions are nothing more than rhetoric.

US launches South China Sea military provocation against China

By Nick Beams, 27 October 2015

The brazen and aggressive character of the operation is underscored by the fact that it has been undertaken in the total absence of military activity against the US by China.

UK’s courting of China sours relations with Washington

By Robert Stevens, 26 October 2015

US officials and advisors have warned that London is “playing a dangerous game” in developing its economic relations with Beijing.

UK Labour leader Corbyn’s “cordial” meeting with China’s President Xi

By Robert Stevens and Chris Marsden, 24 October 2015

The most grotesque example of Corbyn’s fawning before Xi was when he gave fulsome praise for “the remarkable Chinese achievements in poverty reduction.”

Two Chinese diplomats killed in the Philippines

By Joseph Santolan, 23 October 2015

While many details are still unknown, the fatal shooting occurs amid explosive tensions between China and the Philippines provoked by Washington.

The global significance of China’s economic slowdown

By Nick Beams, 23 October 2015

China’s economic slowdown will heighten deflationary and recessionary trends throughout the world economy.

UK woos China during Xi visit

By Robert Stevens, 21 October 2015

The key announcement from the Chinese President’s visit is that London has been chosen as the first overseas financial centre for a sovereign debt market in Chinese renminbi.

Chinese economy continues to slow

By Nick Beams, 20 October 2015

Although China’s third-quarter growth rate was the slowest since 2009, the real state of the economy may be even worse than presented in official figures.

China slowdown continues as imports fall

By Nick Beams, 15 October 2015

Chinese imports have fallen by one fifth over the past year as credit-fueled growth slows.

Financial Times reports US plans to send warships into waters claimed by China

By our reporter, 9 October 2015

Any action by the US Navy to breach the 12-mile exclusion zone around Chinese claimed islands in the South China Sea would threaten a head-on military confrontation.

The TPP: A step on the road to war

By Nick Beams, 8 October 2015

The foundation of the TPP is not free trade but an alliance between the US and Japan to weaken China and create the conditions for reducing it to semi-colonial status.

US Pacific Fleet commander threatens China over South China Sea

By Peter Symonds, 7 October 2015

The US military is preparing to send warships and aircraft within the 12-mile territorial limit around Chinese-administration islets, deliberately risking an armed clash.

US-dominated Pacific trade pact agreed

By Mike Head, 6 October 2015

The TPP is a wide-ranging blueprint intended to be the economic instrument of the US military and strategic “pivot” to Asia to confront China.

A tense visit by Chinese president to the White House

By Peter Symonds, 26 September 2015

Obama and Xi both paid lip service to the need for greater cooperation, but the lack of agreement on key issues highlights the danger of confrontation and conflict.

Chinese president seeks to blunt Obama administration’s criticisms

By Peter Symonds, 24 September 2015

Behind the pomp and ceremony of Xi’s state visit to the US, Washington is preparing to take a confrontational approach to China.

China confronts continuing economic turmoil

By Peter Symonds, 11 September 2015

Despite heavy government intervention, share markets are still volatile, amid more evidence of a marked economic slowdown.

Chinese slowdown impacts Asian economies

By Peter Symonds, 8 September 2015

The downturn in the Chinese economy is reverberating around the world, nowhere more so than in Asia.

China holds military parade to mark anniversary of victory over Japan

By Ben McGrath, 4 September 2015

Yesterday’s event was part of push to promote Chinese nationalism as Beijing faces intense pressure from the US, economic downturn and social unrest.

More signs of global downturn send stocks plunging again

By Andre Damon, 2 September 2015

Renewed assurances from the Federal Reserve of continued infusions of cash into the financial markets have been insufficient to calm fears of a sharp deterioration in world economic activity.

US military continues build-up in North East Asia

By Ben McGrath, 1 September 2015

The conclusion of war games saw the largest-ever joint live-fire drill between the US and South Korea.

Chinese officials, company executives detained over Tianjin explosion

By Oscar Grenfell, 29 August 2015

Underlying the ruling Chinese Communist Party’s efforts to find scapegoats for the Tianjin disaster is the deepening crisis of the entire regime.

China’s economic downturn raises concerns about political instability

By Peter Symonds, 28 August 2015

Questions are already being raised about the future of Chinese Premier Li Keqiang who is immediately responsible for economic policy.

Japanese PM snubs China’s World War II victory ceremony

By Peter Symonds, 26 August 2015

Abe’s presence at Chinese ceremonies to mark the end of the “War of Resistance to Japanese Aggression” would have been unacceptable to the extreme right in Japan.

Economic turmoil heightens infighting in Chinese regime

By Peter Symonds, 25 August 2015

A New York Times article highlights concerns in Washington over the danger of political turmoil in Beijing and the degree to which global capitalism is dependent on China.

Worker killed in another Chinese factory explosion

By Ben McGrath, 25 August 2015

This latest incident in Shandong province drives home the disregard for safety in China’s factories in the pursuit of profit.

Panic sell-off on world financial markets

By Barry Grey, 22 August 2015

The meltdown on equity markets is being driven by signs that the world economy is sliding into a new recession or outright depression.

Tensions deepen on the Korean Peninsula following ultimatum by Pyongyang

By Ben McGrath, 22 August 2015

The underlying conflict between the US and China dramatically amplifies the dangers of any military clash on the Korean Peninsula.

China: Details emerge of safety violations and corruption in Tianjin

By James Cogan, 21 August 2015

The warehouse that exploded was only able to operate because of the owners’ political connections.

Chinese official, company managers under investigation after Tianjin disaster

By James Cogan, 19 August 2015

China’s national director of the State Administration of Work Safety, Yang Dongliang, has been removed from his position.

World capitalism “toboggans toward catastrophe”

By Barry Grey, 19 August 2015

Seven years after the Wall Street crash, fears are growing within ruling circles internationally that the world capitalist economy is descending into depression.

Chinese regime seeks to censor outrage over Tianjin disaster

By James Cogan, 18 August 2015

A major reason for the popular anger is the reality that a catastrophe of similar or greater dimensions could occur any day, in any number of Chinese cities and towns.

The Tianjin explosions and the discrediting of capitalism

By James Cogan, 15 August 2015

The promises that the Chinese masses would ultimately benefit from rampant capitalist development are lying in tatters.

China: More than 50 dead in Tianjin factory explosion

By Oscar Grenfell, 14 August 2015

The Chinese regime has responded nervously to the disaster, which is intensifying its political crisis.

China devaluation fuels market turmoil

By Nick Beams, 13 August 2015

The efforts to limit the fallout from the decision by China to devalue its currency could be undermined by recessionary trends in the global economy.

Explosion wreaks destruction in Chinese city of Tianjin

By James Cogan, 13 August 2015

The Tianjin explosion is the latest in the continuous stream of industrial disasters that kill and maim thousands of Chinese workers.

Chinese currency devaluation underscores global instability

By Nick Beams, 12 August 2015

Stock markets and commodity prices fell sharply in the wake of the decision to devalue the yuan, reflecting concerns about the perilous state of the Chinese and world economy.

Plane debris likely to be from missing flight MH370

By Will Morrow, 8 August 2015

French investigators suggest that the wing-part washed up on Réunion Island in the Indian Ocean probably belonged to Malaysia Airlines flight MH370.

International scholars call on Japanese PM to issue apology

By Ben McGrath, 7 August 2015

The historians’ statement comes just over two weeks before Abe’s scheduled speech on the 70th anniversary of the end of World War II.

US uses ASEAN summit to escalate confrontation with Beijing

By Mike Head, 6 August 2015

Washington’s provocative accusations against China over the South China Sea heighten the danger of war between the two nuclear-armed powers, whether by deliberate provocation or miscalculation.

Tensions between India and Pakistan escalate despite Modi-Sharif meeting

By Sampath Perera, 1 August 2015

India’s 15-month-old BJP government continues to integrate New Delhi ever more completely into Washington’s anti-China “pivot.”

Airplane debris may be from missing flight MH370

By Will Morrow, 1 August 2015

If the wing-flap is found to belong to MH370, it would be the first piece of evidence that the plane crashed in the Indian Ocean.

Chinese stock market suffers biggest one-day sell-off since 2007

By Andre Damon, 28 July 2015

Chinese financial authorities announced a new round of share purchases in the latest attempt to prop up the country’s plunging stock market.

Japanese government ramps up tensions with China

By Peter Symonds, 23 July 2015

By demanding a halt to China’s oil-and-gas exploration platforms in the East China Sea, Tokyo is adding another potential flashpoint for conflict with Beijing.

Chinese state banks commit $200 billion to stem market selloff

By Nick Beams, 20 July 2015

The massive bank intervention was one of a series of measures initiated by the government and financial authorities to halt the plunge in share values.

Washington’s hypocritical denunciations of Chinese “land reclamation” in the South China Sea

By Oscar Grenfell, 14 July 2015

The outposts of Vietnam and other claimants in the region cover a far broader expanse than those of China.

China share rout hits global markets

By Nick Beams, 9 July 2015

Every day for the past week, the Chinese government and financial regulators have announced new measures to try to halt the slide, but none has succeeded.

The significance of the Chinese stock market rout

By Nick Beams, 8 July 2015

The Chinese regime sought to create a social base of support in better-off sections of the middle class, which are now being hammered by the stock market plunge.

China’s share plunge casts lengthening shadow over global markets

By Nick Beams, 7 July 2015

The Chinese government has thrown the “kitchen sink” at the falling share market but to no avail.

Japan joins US-Australian rehearsal for conflict with China

By James Cogan, 7 July 2015

For the first time, Japanese forces will participate in the biennial joint Australian and US “Talisman Sabre” exercise.