- China has currency and gold reserves of over $3 trillion.
- They have no external debt.
- They are not a welfare state.
- Their people are not really invested in stocks.
- Their people are allowed and encouraged to own physical gold.
- China holds tens of thousands of tons of physical gold and has fleeced the West of it in the process of accumulation.
- The West had radically suppressed the Dollar price of physical gold because they can, for now, using faux paper gold but not for much longer.
- The launch of a Yuan-denominated benchmark price for [physical gold] occurred on 19th April 2016.
- China has built CIPS, an alternative non-Dollar settlement system competitive to SWIFT and it is operative.
- China has arranged some 32 Yuan currency swap facilities with nations around the world, many of them Western nations. The US is not one of them.
- China have negotiated major long-term non-Dollar and barter trade agreements around the world.
- China has been buying assets around the world with their trade surpluses and via the dumping of US treasuries.
- China and the rest of the BRICS have founded the AIIB with much Western participation. The AIIB and The BRICS Bank are viable alternatives to the World Bank and the IMF.
- China has completed the testing of their new financial system platform in early 2016.
- The much vaunted capital outflows out of China have been to buy up assets.
- China announced the creation of China COSCO Shipping Corporation, one of the largest shipping companies in the world, through the amalgamation of the China Ocean Shipping (Group) Company and China Shipping.
- China is planning on easing restrictions for foreigners to become permanent residents which will explain why they have built these ghost cities in preparation for the influx of people wishing to live and work in China in the new paradigm.
- Just one month into 2016, Chinese companies announced plans to buy 66 foreign companies worth $68 billion. That’s equivalent to 60% of the value of all such deals last year. By May China announced $108.5 billion in foreign deals so far this year, topping the $106 billion total for the whole of last year.
- Chongqing Casin Enterprise Group has signed a definitive agreement to acquire the Chicago Stock Exchange.
- The first train connecting China and Iran under the New Silk Road initiative arrived in Tehran in February 2016 comprised of 32 freight containers of commercial goods.
- China’s Nuclear Engineering Construction Corporation plans to start up a high-temperature, gas-cooled pebble-bed nuclear plant next year that would be immune to meltdown and the first of their type built at commercial scale in the world.
- Tests at a fusion reactor in China have hit a major milestone. The experiments have created plasma with a temperature of 90 million degrees Fahrenheit ”hotter than the core of our Sun”and sustained the state for over a minute and a half.
- China has created a hydrogen gas that is three times hotter than the sun. The artificial solar energy could eventually be used as an inexhaustible source of power, ending reliance on fossil fuels.
- The Chinese military have arrived in Djibouti which is a huge strategic move which will have profound consequences for all of Africa.
- China’s biggest supplier of crude oil is now Russia in place of Saudi Arabia
- The biggest ever Chinese corporate takeover is set to take place when ChemChina buys Swiss Syngenta for $43 Billion.
- China is a strong advocate of a negotiated settlement of Palestine and its people.
- China’s wide-ranging crackdown on “bribery, dereliction of duty and other duty-related crimes” led to the investigation of a 54,000 officials in the last year. In addition the crackdown is so strict that even 2,400 anti-bribery officials were probed.
- China’s Alibaba Q3 revenue for FY2016 grew 32% and for FY2016, total revenue increased 33% to $15.7 billion.
- The rout in commodities price has seen China benefit annually to the tune of $650bn.
- Chinese state-owned ICBC Standard Bank, the world’s biggest bank by assets, has agreed to buy Barclays precious metals storage business, including its state-of-the-art storage facility in London.
- China’s gold imports have SURGED OVER 700 PERCENT since 2010 and the country remained the world’s biggest consumer of the precious metal last year, according to latest data.
- China surpassed South Africa as the top gold producer almost a decade ago and last year produced 490 tonnes of the metal, nearly 200 tonnes more than number two Australia.
- Silver Inventories at the Shanghai Futures Exchange (SHFE) rose to 802 mt in Jan from 596 mt in December, continuing at a more rapid pace during the next few months reaching 1,706 mt in April.
- China has abolished its ban on imports of silver concentrate ore and its refined concentrates.
- Silver surged to a two-year high in early July as buyers in China acquired vast volumes of physical metal.
- CME Group, which runs the process for price setting of silver in London, said in March that the China Construction Bank officially joined as a member of the silver price fix process.
- The recent pickup in volumes traded on the SHFE over the past week suggests that Chinese retail demand for silver has sharply increased.
- China’s silver imports hit their highest level in four years in early 2016.
- China is aiming for a top-10 ranking in automation for its industries by 2020 by putting more robots in its factories
- China has just completed production of the world’s largest amphibious aircraft after seven years of work, which it plans to use to perform marine rescue missions and fight forest fires.
- Industrial production in China rose 6.2 percent and manufacturing output grew by 7.2 percent, from a year earlier in June of 2016
- China’s leader, Premier Li Keqiang, told Chancellor Angela Merkel in June that he did not want trade tensions with the European Union to descend into a trade war.
- Merkel stated she favours granting China market economy status at the World Trade Organization.
- China expressed a desire to deepen cooperation with Germany in areas such as trade and investment in order to promote the matchmaking of China’s “Made in China 2025” and Germany’s “Industry 4.0″ strategies.
- Merkel has urged the country’s leadership to put in place “reliable and transparent” rules that ensured a level playing field for foreign investors.
- UK’s new chancellor, Philip Hammond, is due to visit China shortly to promote Britain as one of the best places in the world to invest and do business with.
- UK discussions with China on an ambitious free trade deal which could see greater access for major Chinese banks and businesses to the UK economy have already begun.
- Sheffield, in the UK, has secured a 60-year, billion-pound construction deal with China. The city council announced that an initial £220m would pay for four or five city centre projects over the next three years and create “hundreds if not thousands” of jobs in the area.
- In May, Australian Minister for Trade, Steven Ciobo, said the Chinese appetite for premium Australian products such as wine, beef, seafood and vegetables had contributed to a number of impressive gains in export levels, praising the government’s decision to sign the historic China-Australia Free Trade Agreement.
I keep telling friends to buy silver but most are still sleep walking.
Moving away from the USA to China seems to me an opportunity to step out of the economic slide and end run the corruption of a forlorn and tattered superpower.