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Chinese stock markets halted after tumbling 7% in 1st 2016 session, dragging Europe down
Trading was suspended on Chinese markets after stocks tumbled 7 percent in the first trading of the year, triggering the new “circuit breaker” system limiting volatility, which was introduced in December. The fall from Asia led to a slump in European stocks as well.
The 15-minute suspension happened about 90 minutes before market’s regular closure and followed a brief 15-minute halt early in...
China Displacing Monopoly of US Dollar
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...
China Warns Russia That “State Of War” Now Exists With United States
The Ministry of Foreign Affairs (MoFA) is reporting today the Federation has been informed by the State Council of the Peoples Republic of China (PRC) that a de facto “State of War” now officially exists between that Asian nation and the United States of America.
According to this report, following the “provisions and protocols” of the 8 May 2015 Russian-Chinese Cyber-Security Agreement that...