Wall Street plunged Tuesday after investors feared weak data from China, the world’s second-largest economy, would lead to a global recession. China’s manufacturing sector suffered its quickest deterioration in over six years, leading to a three-year market low and other sectors of the Chinese economy also slowed down significantly. In response, all three major U.S. stock indices, the Dow Jones,... 

Last week’s historic stock market crash was caused not by China, but by the US Federal Reserve, according to former US Congressman Ron Paul. In a column published on his website Sunday, Paul blamed the crash on flawed monetary policy from the Fed, and not on China’s recent currency devaluation, as many experts said. “The Federal Reserve’s inflationary policies distort the economy,... 

China and Russia are changing the financial architecture of the world, award-winning author, sociologist and geopolitical analyst Mahdi Darius Nazemroaya emphasizes, recommending the Wall Street financial elite to focus on America’s domestic problems instead of trying to undermine China’s economy. The rise of the yuan sends shivers down the spine of America’s financial elite: fearing... 

Another huge blast at a chemical facility has reportedly occurred in the Chinese province of Shandong. The explosion, located in an industrial zone in Lijin, Dongying City, happened late on Monday, China’s People’s Daily reported. The blast was so massive it could be seen and heard from a great distance. A chemical factory is believed to have been in the area. According to People’s... 

Asian stocks take heart from a sharp rebound in US shares, breaking a six-day losing streak which plunged global markets into mayhem. The turnaround came after carnage on global markets which shaved $2.2 trillion off US stocks, with China being at the epicenter of the financial tremors. China’s Shanghai Composite Index on Thursday rose 2.2% to reclaim the critical 3,000 mark. The benchmark’s steep... 

China sells the US Treasuries to smooth the consequences of the devaluation shock of August 11. The treasury of the country adopted selling the US Treasuries securities directly, as well as through agents in Belgium and Switzerland. The Chinese government also decided to reduce investments into the US Treasuries. The US Secretary of the Treasury Jacob Lew has previously talked with the Vice Premier... 

World stock markets plummeted on Monday as the Shanghai composite closed down 8.5%, marking the biggest slide in Chinese stocks since 2007. The brutal sell-off comes despite Beijing’s measures to arrest the decline. “This is a real disaster and it seems nothing can stop it,” Chen Gang, Shanghai-based chief investment officer at Heqitongyi Asset Management Co., told Bloomberg. “If we don’t... 

Beijing’s depreciation of the yuan in mid-August has triggered a wave of copycat moves from other countries and falling values of currencies. Is this a new currency clash, or is each case specific? What happened in China? In three consecutive days last week, the People’s Bank of China devalued the national currency, with a 4.4 percent overall depreciation. The step was intended to revive exports,... 

The death toll in a series of explosions in the Chinese city of Tianjin has increased to 112. The death toll in a series of explosions that have occurred in the warehouse of hazardous substances in the Chinese city of Tianjin has increased to 112, with the identity of only twenty-four people known so far, Chinese Central Television (CCTV) reported on Sunday. Earlier, it was reported that the death... 

Pictures have surfaced of what is believed to be the largest ever Chinese military vehicle for transporting and launching missiles. Transporter Erector Launcher (TEL) vehicles are used to quickly transport and fire surface-to-air, cruise and ballistic missiles. Chinese drivers have recently spotted a new version of the vehicle, which appears similar to the military’s standard TEL, except that... 

Rescue workers save a child as Typhoon Soudelor strikes Taiwan on August 8, 2015. Powerful Typhoon Soudelor has ripped through central Taiwan with severe winds and torrential rain, killing at least six people and wounding nearly 200 others while leaving some 4 million households without power. Five more people were reported missing as of 10 pm local time Saturday after the strong storm made landfall... 

The picture of a heroic Chinese cop rescuing a newborn baby girl, who was dumped in the pipe of a public toilet in Beijing, has captured a lot of hearts. The baby survived and is now recovering in a local hospital thanks to her guardian angel. A police station in western Beijing received a call from locals who said they heard baby crying in the public toilet. The officer Qian Feng immediately rushed... 

China and Russia are set to hold joint military exercises in the airspace and waters of the Sea of Japan as part of the growing defense cooperation between the two countries. Chinese Defense Ministry spokesman Yang Yujun told reporters in Beijing on Thursday that an eight-day drill will be conducted on August 20-28 in the Peter the Great Gulf and other areas off the Russian coast. The areas of the... 

Adm. Scott Swift speaks to journalists on Friday, July 17, 2015 in Manila, Philippines. An American political commentator says the United States is trying to escalate tensions in the South China Sea, which can lead to tragic consequences. Professor Dennis A. Etler made the remarks in a phone interview with Press TV on Sunday while commenting on Washington’s decision to start surveillance flights... 

Banks made an additional 1.28 trillion yuan worth of loans to China in June. Things are not looking for for China. It seems like Beijing has averted a crisis as far as their stock markets are concerned with some heavy-handed intervention. But their corporate debt has already reached $ 16.1 trillion and is still rising. Their corporate debt is currently at 160% of their GDP and that is twice as much...