Start selling off USD – Chinese Central Bank instructs affiliated banks  

Start selling off USD – Chinese Central Bank instructs affiliated banks  

Beijing: Start strong buying Chinese Yuan from around the world, selling the USD in the international market. The Central Bank of China has instructed the Chinese banks abroad, along with the domestic government and affiliated banks, should follow this instruction. It is claimed that China has taken this step to protect its currency, which has […]

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Chinese rumours create sensation around the globe

Chinese rumours create sensation around the globe

Beijing: There are rumours that Chinese President Xi Jinping is currently under house arrest and former President Hu Jintao and former Prime Minister Wen Jiabao are ruling the country. Discussions on Chinese social media substantiate these rumours, claiming that the Chinese army has blocked the highway leading to the capital Beijing. The process of power […]

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China raises baton of action against senior officials after failure in the semiconductor sector

China raises baton of action against senior officials after failure in the semiconductor sector

Beijing/Washington: The Chinese dream of becoming the world leader in the semiconductor sector has been shattered. After nearly ten years of effort and an investment of roughly USD 100 billion, China has not achieved the expected success. Due to this, there is intense resentment in the ruling communist regime and President Xi Jinping, and action […]

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Global investors turn away from China’s market amid recession, Coronavirus pandemic and real estate crisis, claims IIF report

Global investors turn away from China’s market amid recession, Coronavirus pandemic and real estate crisis, claims IIF report

Washington/Beijing: China, the second largest economy in the world, continues to suffer shocks. Last month, it was revealed that China’s economic growth rate had dropped to 0.4 per cent. After that, international investors are also turning their backs on China. According to a US-based Institute of International Finance (IIF) report, foreign investors withdrew large amounts […]

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US House Speaker Nancy Pelosi reaches Taiwan defying the Chinese threats

US House Speaker Nancy Pelosi reaches Taiwan defying the Chinese threats

Taipei: The Chinese Ministry of Foreign Affairs threatened that China would not keep quiet if US Senate Speaker Nancy Pelosi entered Taiwan. The Chinese official mouthpiece threatened to go to war with Taiwan and the United States over this issue and to shoot down Pelosi’s plane. Despite Chinese threats, Nancy Pelosi arrived in Taiwan on […]

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Biden administration is surrendering to belligerent China – former US Secretary of State alleges

Biden administration is surrendering to belligerent China – former US Secretary of State alleges

Washington: Chinese President Xi Jinping directly warned US President Joe Biden that the United States should not play with fire by supporting pro-democracy groups in Taiwan. At the same time, the Chinese mouthpiece threatened that US Senate Speaker Nancy Pelosi’s plane would be shot down if it entered Taiwan’s airspace. The Chinese President and government […]

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