In another awkward blow to the rapidly waning US-dollar hegemony, America and Britain just had their “It’s not you, it’s me” moment. Late yesterday, the government of the United Kingdom announced that they would be applying to join the Chinese-led Asian Infrastructure Investment Bank… as a founding member. This is huge. Right now, the United States dominates the global financial system. But... 

Chinese Foreign Ministry spokeswoman Hua Chunying China has slammed the Unites States after Washington criticized a Chinese anti-terror law that would force tech firms to surrender key information to Communist authorities. The law, which was made public for consultation last November, would require all telecommunications and Internet service providers to help the Beijing government in preventing the... 

Possible overture a response to U.S. arming Taiwan. According to a report filed by Bill Gertz at The Washington Free Beacon, China may provide Hawaiian independence movements with weapons. Gertz cites Michael Pillsbury, a Pentagon consultant and author of the recent book 100 Year Marathon, who says the Chinese plan to send arms is a response to U.S. weapons sent to Taiwan. “Beijing’s extraordinary... 

US chipmaker Qualcomm has received the largest fine in Chinese corporate history from anti-monopoly regulators who claim the company needed to lower its patent fees as they were “stifling innovation.” China is the world’s biggest mobile phone manufacturer and has fined Qualcomm $975 million (6.088 billion yuan) over unfair market dominance. Qualcomm has now agreed to lower its royalty fees on... 

Thousands of cats smuggled from China have been buried by Vietnamese authorities, many of them reportedly alive, after a truck, which was illegally carrying the cargo to restaurants as feline meat, was intercepted by local authorities. Police said on Wednesday that they had intercepted a truck carrying 3 tons of cats that had been stashed in bamboo baskets the previous week. The truck driver was issued... 

China has a serious shortage of women, due to their one child policy, which was adopted following Mao’s retarded “as many children as physically possible” policy. Women, when pregnant with a girl, have tended to abort it so that they will have a son to carry on the family name. Instead of looking inside of Asia for women to import (Southeast Asia has plenty available), China is instead looking... 

Air pollution in China is still incredibly high, 90 percent of its cities stand below the threshold for air safety standards in 2014. The “war on pollution” started a year earlier is having some effect, but hazardous emergencies are still in the hundreds. Only eight of China’s 74 large cities have managed to meet official air safety standards in 2014, according to the Environmental Protection... 

China surpasses the US as the top destination for foreign direct investment. China has surpassed the United States as the top destination for foreign direct investment (FDI), a position held by the US for 11 years, a United Nations organization says. The United Nations Conference on Trade and Development (UNCTAD) recently published a report showing China had attracted USD 127.6 billion in foreign investment... 

The Nokia N1 continues its victorious march on Chinese territory showing the Nokia Corporation, that Android is what people really want and NOT Windows Phone, with two more weekly lots sold since we last updated you on January 15. Ever since the the tablet’s launch in China on January 7, the batches have swiftly cleared the shelves. After the first flash sale of 20,000 units, no word has gotten... 

A Volvo manufacturing plant in Chengdu, China. China is to start exporting domestically-manufactured Volvo sedans to the United States for the first time ever, the company has announced. Volvo Car Group’s president and chief executive officer, Hakan Samuelson, made the announcement at the Detroit auto show on Monday. Samuelson said the shipping of a new S60 model, manufactured in China, to the US... 

A submarine of the Chinese navy’s North Sea Fleet prepares to dive into the sea. A Chinese submarine has conducted its first deep dive in the Indian Ocean in search of various kinds of metals, including gold, in a four-month-long mission. The submersible vessel called Jiaolong carried out its first dive on Friday to collect samples of hydrothermal fluid and sulfide, a kind of seabed deposit containing... 

China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks. The agreement signed in the end of October comes into force Monday, December 29, and provides a currency swap of CNY150 billion (up to US$25 billion). The country’s Foreign Exchange Trade System... 

China has allegedly blocked access to Gmail. China has blocked access to Gmail, Google’s email service, the founder of a Beijing-based firm says. The world’s biggest email service has been largely inaccessible inside China. Users, however, could still access the service by using third-party mail applications, rather than the webpage. “But they have blocked those ways of accessing,”... 

The Chinese Navy is now introducing new-generation Type 094 (Jin class) nuclear powered submarine with JL-2 intercontinental-range submarine-launched ballistic missile. China could soon target the United States with sea-based nuclear weapons as it is reinforcing its submarines with long-range nuclear ballistic missiles, a US congressional report has found. China’s military is set to acquire a reliable,... 

Poly WB-1 China has presented Poly WB-1, a non-lethal ray gun that can be used for crowd dispersal, by making its targets feel like their skin is on fire. The US version of the weapon was shelved due to practical difficulties and the potential public backlash. According to the authoritative Jane’s magazine, the WB-1, presented at the Airshow China 2014 in Zhuhai last month, has a current range of...