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Canada-Russia airspace 'showdown' over Arctic
Charlotte Star
Saturday 31st July, 2010
(IANS)
In yet another incident reminiscent of the Cold War, Canada Friday revealed that two Russian bombers were intercepted trying to enter its airspace.
Defence officials in Ottawa said that two Canadian CF-18 fighter jets had confrontation with two Russian TU-95 Bears when they flew into their 'area of interest' off the coast of Newfoundland Wednesday.
The officials said the North American Aerospace Defense Command (NORAD) - which is jointly manned by the Americans and Canadians from its headquarters in Colorado - spotted the Russian fighters and despatched two Canadian fighters to intercept them.
'This incident demonstrates why it is vitally important for the Canadian Armed Forces to have the best technology and equipment available. This is true whether we are asserting our Arctic sovereignty, fighting the Taliban in Afghanistan or aiding reconstruction efforts in Haiti,'' the ruling Conservative Party was quoted as saying.
But the Russia embassy in Ottawa denied any intrusion, saying that these planes were on an exercise mission and never entered Canadian airspace.
This is the second airspace 'showdown'' between Canada and Russia since February 2009 when Canadian and US planes chased away two Russian bombers trying to enter Canadian airspace over the Arctic region.
The Canadians have reported as many as 20 such 'encounters'' since mid-2007.
During the Cold War, such incidents were quite common, but stopped after the collapse of the Soviet Union in 1991. However, the Russians are said to have resumed these missions as they try to assert their claim over the disputed resources-rich Arctic region.
The claims of five nations touching the Arctic - Russia, Canada, Norway, Denmark and the United States - are before an international tribunal.
The scramble for Arctic resources will only deepen as global warming depletes its ice cover. The incident comes at a time when Canada is buying 65 new-age F-35 fighter jets at a cost of about $16 billion.
But the deal has come under criticism from opposition parties and analysts who say that Canada doesn't need the expensive planes as their Cold War-era foe Soviet Union doesn't exist any more.
(Gurmukh Singh can be contacted at gurmukh.s@ians.in)
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| By Anonymous, 07-31-10, 07:23 AM |
Canada-Russia airspace 'showdown' over ArcticSHANGHAI - US private equity giant the Carlyle Group said on Friday it had received 2.4 billion yuan ($354 million) in commitments for its Beijing-based yuan-denominated fund, and would begin making investments in large growth companies.
Carlyle has set up a joint venture with Beijing State-owned Capital Operation and Management Center, the city’s biggest government-owned company, to help manage the Beijing RMB Fund, which aims to raise 5 billion yuan ($739 million), according to a statement.
Carlyle is committed to long-term, responsible and value-creating investment in China, David Rubenstein, co-founder and managing director of Carlyle said in the statement.
Carlyle to set up PE joint venture in Beijing Carlyle invests $20m in Chinese fashion brand Ellassay
Through this RMB fund, we will expand our investment capabilities and efforts in Beijing and across China to serve the growing number of Chinese investors.
Global buyout firms such as Carlyle and the Blackstone Group are racing to launch yuan-based funds in an effort to carry out deals more quickly and easily in China, where it is difficult to obtain approval for major foreign investments.
The Carlyle Beijing RMB Fund is now ready to invest, mainly in large-scale companies with high growth prospects, the company said, without identifying the industries it prefers.
THE WESTERN BANKERS' POWERFUL TENTACLE (CARLYLE GROUP) IS COMING TO CHINA AND BEIJING TO RESPECTIVELY FUND NATIONAL DIVISION, TO FUND ITS CORRUPTION FRONT (BEIJING STATE-OWNED CAPITAL OPERATION AND MANAGEMENT CENTER, THE CITY’S BIGGEST GOVERNMENT-OWNED COMPANY) BY PRETENDING TO ASK FOR HELP IN MANAGING ITS BEIJING RMB FUND, AND TO ROB STATE FUNDS AS WELL. |
| By Anonymous, 07-31-10, 07:40 AM |
More covert operations using corrupted health officals to exterminate China's next generation who will be leading the country in a few decades to come.GUIYANG - China is to provide measles vaccine jabs for hundreds of millions of children nationwide this September in a bid to eliminate the disease, a leading cause of death among young children, according to the Ministry of Health.
This will be a key battle in our war against measles, minister Chen Zhu said here Thursday at a meeting on eliminating measles and malaria, adding that currently all vaccines needed were in stock.
The upcoming vaccination, scheduled from September 11 to 20, will focus on children aged between 8 months to 4 years.
However, those to receive the vaccines will be expanded to 14-year-olds and younger in populous regions such as Beijing, Heilongjiang, Shanghai, Henan, Guangxi. In Jilin, Hainan and Qinghai, children as old as 6 years will also be vaccinated.
Chen noted that the current measles control areas in various regions were diverse, and it was quite difficult to provide vaccines for special groups such as migrant workers.
The Chinese government allocated 157 million yuan (23 million U.S. dollars) from the central financial budget for the vaccinations.
According to the ministry, China aims to reduce the incidence rate of measles below one in a million by the end of 2012.
Figures from the ministry show that a total of 52,000 measles cases were registered nationwide in 2009, down 60.1 percent from the 131,000 cases in 2008.
The incidence rate in 2009 was 39 in a million.
Chen urged various local health departments to closely monitor any adverse effects caused by the vaccinations.
Since 2004, children in 27 regions across the country have been vaccinated against measles, with an average vaccination rate above 97 percent.
This campaign aims to cover children not vaccinated yet and those children whose first injection didn’t fully protect them against the disease.
Also at the meeting, the ministry said a full-scale anti-malaria campaign would be launched this year as the country strived to reach the goal of eliminating malaria by 2020.
The country reported 14,140 cases of malaria last year, down 46.6 percent year on year. Among these cases, ten were fatal.
THE BANKERS-FUNDED FRONT CONSISTING OF LOCAL AND FOREIGN BIOTECH COMPANIES WITH THE COLLABORATION OF THE CORRUPTED KEY OFFICIALS OF THE MINISTRY OF HEALTH IS CARRYING OUT THE EUGENICS PLAN TO EXTERMINATE IN ADVANCE (USING BIOWEAPONS DECEPTIVELY CALLED AS VACCINES) THE NEXT GENERATION OF THE CHINESE POPULATION WHO WILL BE THE LEADERS AND THE BUILDERS OF THE COUNTRY IN A FEW DECADES TO COME WHEN THE CURRENT GENERATION AGES.
IT IS TIME TO FIRE THE KEY OFFICIALS IN THE HEALTH MINISTRY AND PURGE THE MINISTRY REGULARLY LIKE YEARLY TO CLEAN UP CORRUPTED ELEMENTS AND BRING IN OUTSIDERS LIKE THE GRADUATED GOOD STUDENTS WHO HAVE NO JOBS. MAKE SURE TO TEST THEIR PERCEPTION OF MORALITY.
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| By Anonymous, 07-31-10, 07:47 AM |
Humans and animals categorically don't need vaccines at all.WE NEED TO CLOSE DOWN ALL BIOTECH COMPANIES IN CHINA DEALING WITH HEALTH ISSUES AND FOOD PRODUCTION. TURN THE BIOTECH COMPANIES INTO SHELTERS FOR THE HOMELESS. |
| By Anonymous, 07-31-10, 07:59 AM |
This is no longer about freedom of speech. It is a lie endangering public security and national security.Experts: Soybean firms must focus on edible sector
By Lan Lan and Tian Xuefei (China Daily)
Updated: 2010-07-31 08:50
BEIJING - Domestic soybean makers should focus on developing their own transgenic varieties and marketing the commodity to tofu, vegetarian products and noodle makers, as competition from foreign players is crimping profits, industry officials said on Friday.
Soybean output in the nation has been increasing steadily, but still lags far behind demand, necessitating the need for imports. China’s annual soybean output is likely to exceed the 14 million tons of last year, said Wang Xiaohu, senior director of science and technology bureau under the Chinese Academy of Agricultural Sciences.
But China’s soybean imports rose to 42.55 million tons last year, an increase of 13.67 percent over 2008. Imported soybeans are expected to be around 50 million tons in 2010, analysts said.
From 1996, China has become a net soybean importer rather than a major exporter and thus lost much of its say in the commodity trade. Countries like the US and Argentina control the soybean trade, while prices follow the rates on the Chicago Board of Trade.
Soybean is one of the commodities that sees a lot of price fluctuations, Wang said.
But after groping in the dark for several years, finally we are seeing a ray of hope on the future direction that domestic growers should adopt, said Lu Lingang, deputy secretary-general of the China Soybean Industry Association.
Chinese soybeans are green and have rich protein content and come with lots of nutritional values. Hence they are the most suited for the edible soybean food sector, said Wang.
Big players like Archer Daniels, Midland, Bunge, Cargill and Louis Dreyfus dominate the processing sector. Together they account for over 70 percent of the fat production plants and nearly 80 percent of the soybean processing capacity in China.
Currently only 50 percent of the output is used by the edible food sector, while the rest finds its way to the crushing sector, said Zhang Xingchao, an analyst with Jingyi Futures Co. There is no logic in positioning both varieties together for crushing as the yield from the domestic soybeans is less than the imported one.
Transgenic soybeans have in recent times been making significant inroads in markets like Japan, South Korea and Europe as they are perceived to be safer. Though transgenic crops are still a controversial issue, domestic companies should try and build up their knowledge in it if they have serious ambitions of becoming global players," he said.
Quality and consistency of domestic soybeans and soybeans products should also be improved to cater to overseas customers' requirements, he added.
The government should come out with standards for edible soybeans. This will help domestic companies make inroads in global markets, said Zhang.
IT IS TIME TO ROUGH UP THE JOURNALISTS AND THE MEDIA. PROPAGANDA LIKE THESE BEING ALLOWED TO CONTINUE ARE VERY HARMFUL. THE MEDIA IS BRAINWASHING THE MASS TO ACCEPT EATING POISONED FOOD (GM SOYBEANS IN THIS CASE).
WHEN WILL WE ACT? WE ARE RUNNING OUT OF TIME. |
| By Anonymous, 07-31-10, 01:27 PM |
Say NO to the faked green clean energy sold to you by the bankers.China clean energy goal will require hydro projects
(Agencies)
Updated: 2010-05-31 16:28
China must starts building big hydropower projects soon, or fail the clean energy development targets for 2020, China’s top energy official said, supporting industry calls for fast project approvals.
For new hydropower projects to play a role in China’s move toward energy saving and emission reduction in 2020, their construction must be started before 2015, Zhang Guobao, head of the National Energy Administration, said in remarks published today.
Considering current hydropower capacity, projects under construction, and building cycles, China needs to start building around 120 gigawatts of hydropower projects in the six years through 2015, said Zhang, who is also a deputy head of the National Development and Reform Commission, which is in charge of approving large projects.
China has 197 gigawatts of hydropower generating capacity, or 23 percent of its total installation. Coal is the source of more than three quarters of electricity.
China pledged ahead of the Copenhagen summit last year that it would cut the amount of carbon dioxide produced for each unit of national income by 40-45 percent by 2020 from 2005 levels.
The world’s top emitter of the gas also aimed to boost the proportion of non-fossil fuels in overall energy consumption to 15 percent by 2020.
Its non-fossil fuel ratio fell to less than 8 percent in 2009 from 8.9 percent in 2008, according to Zhang, who spoke on May 13 during a four-day government review of the feasibility study of the Wudongde hydropower project.
Wudongde, with planned capacity of 8.7 gigawatts, will be built on the upstream portion of the Yangtze River by the China Three Gorges Corp, China’s largest hydropower developer.
To achieve the non-fossil fuels target, hydro and nuclear power should play a leading role, Zhang said in selected remarks published in the China Energy News.
But he said hydropower project approvals had almost come to a halt due to environmental, immigration and management reasons, with new approvals amounting to only 14.07 gigawatts since 2007, or less than 5 gigawatts each year.
Zhang refuted allegations that hydropower construction in drought-hit regions had exacerbated water shortages this year in southwestern China, including the Mekong River region. He also disputed allegations that hydropower construction had caused environmental damage.
Every energy source has positive and negative effects and cannot be viewed only from the negative side ... and should be weighed in an overall way, he said.
THE HYDROELECTRIC PROJECT WILL CAUSE ENVIRONMENTAL AND ECOLOGICAL DISASTERS ADVERSELY AFFECTING RURAL POPULATIONS AND THEIR LIVELIHOODS. THE PROJECT IS ALSO A GOOD OPPORTUNITY FOR BANKERS THROUGH THEIR TENTACLES TO STEAL STATE FUNDS BY OVERCHARGING THE CONSTRUCTION. IT WILL ALSO CAUSE DROUGHT AND EXACERBATES WATER SHORTAGES. THE ENEMY CAN ALSO CAUSE INSTANT FLOODING OF AGRICULTURAL AND RURAL LANDS BY ARTIFICIAL EARTHQUAKES.
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| By Anonymous, 07-31-10, 01:30 PM |
More engineered demolition of China's energy security by the bankers.China meets target of closing outdated coal-fueled power stations
(Xinhua)
Updated: 2010-07-26
BEIJING - The Chinese government has met its annual target to close outdated coal-fueled power generating capacity of 10 million kilowatts this month, an energy official said Sunday.
A total of 468 generators with generating capacity of 10.71 million kilowatts have been closed by July 15, said the official with the National Energy Administration.
The realization of the goal, two months ahead of schedule, also meant the authorities had eliminated 70.77 million kilowatts of small-scale, outdated power capacity during the 11th Five Year Plan period from 2006 to 2010, the official said.
The generators would have consumed 81 million tons of coal, while emitting 164 million tons of carbon dioxide and 1.4 million tons of sulfur dioxide annually if they were not decommissioned.
The government had aimed to eliminate 50 million kilowatts of small-scale, outdated power capacity from 2006 to 2010.
At the end of last year, China announced plans to cut greenhouse gas emissions per unit of GDP by 40 to 45 percent by 2020 from the 2005 level.
The government has been stepping up closures of outdated production capacity, which has been blamed for pollution and hindering industrial upgrading.
THE NATIONAL ENERGY ADMINISTRATION’S PLAN TO SHUT DOWN COAL-FUELED POWER STATIONS IS A NATIONAL SECURITY VIOLATION. IT HAS VERY LITTLE TO DO WITH CLEAN AND GREEN ENERGY BUT MORE TO DO WITH SHUTTING DOWN CHINA’S ENERGY SECURITY AT THE BANKERS' WILL. DON’T CLOSE THEM! THE BANKERS ARE TRYING TO PUSH THE COMPUTERIZED GRID SYSTEM SO THAT THEY CAN CONTROL CHINA’S ECONOMIC DESTINY BY HAVING THE CAPABILITY TO TURN ON AND SHUT DOWN THE NATIONAL GRID SYSTEM BY SATELLITES AND BY SECRET MICROWAVE STATIONS.
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| By Anonymous, 07-31-10, 01:35 PM |
Again another robbery of state funds.China to launch credit default swaps in H2
(Xinhua)
Updated: 2010-07-27 15:24
BEIJING - China will have its first credit default swap (CDS) products before the end of 2010, as regulators carefully review the credit derivative product.
We are now prudently facilitating the development of credit derivatives in China on the condition risk management is strengthened, Shi Wenchao, secretary general of the National Association of Financial Market Institutional Investors (NAFMII), told Xinhua.
In designing our own credit derivatives, we will start with the simple products. Then we will look at more complex ones, Shi said, adding that the institutional and supervisory frameworks are in place for CDS’s introduction.
CDS are a type of insurance policy against bond default. But they have been blamed for exacerbating the global financial crisis.
Compared with the lightly regulated and speculative international markets, one of China’s problems remains the lack of credit derivative products, said Gao Zhanjun, a senior trader at Beijing-based Citic Securities.
The absence of credit derivatives has restricted the development of China’s financial markets, Gao said Monday.
According to a NAFMII report released July 23, the CDS pilot project will be a type of credit risk mitigation (CRM) contract or obligation.
The NAFMII report said Chinese credit derivatives must follow the principles of simplicity and transparency and cater to the real economy. Leverage ratios, moreover, must be strictly controlled, the report added.
Currently, we don’t have any instrument to allow market participants to hedge their credit portfolios, which are worth hundreds of millions of yuan, Shi said, adding that such a situation adds to risk.
More than 780 billion yuan ($115 billion) of unsecured bonds were issued in China’s interbank market in the first half of 2010 and the value of such bonds already issued tops 3 trillion yuan. IN OTHER WORDS, 780 BILLION YUAN HAVE ALREADY BEEN STOLEN AND VERY LIKELY UNRECOVERABLE.
It’s time for us to set up a risk-sharing mechanism and to let that credit risk become liquid for risk mitigation purposes, Shi said.
Still, the credit derivatives market will be restricted and leverage levels will be capped as market participants will have to adhere to strict capital adequacy requirements, he added.
SAY NO TO THE CDS. THE ROBBERS ARE STEALING STATE FUNDS BY PRETENDING TO BUY THE JUNK BONDS GIVING RMB MONEY TO THEIR PARTNERS. AND NOW THEY WANT TO ROB MORE BY ASKING THE GOVERNMENT AND THE PUBLIC TO PAY FOR THE INSURANCE OF SOMETHING THAT IS WORTHLESS SO THAT THEY CAN GET MORE FREE STOLEN MONEY |
| By Anonymous, 07-31-10, 01:38 PM |
The faked green energy program. Environmental and agricultural destructions are being called Green Energy programs.Green stimulus spurs cellulosic ethanol makers
By Lan Lan (China Daily)
Updated: 2010-07-27 10:02
BEIJING - The governmentâs commitment to come out with favorable policies aimed at promoting clean energy will give a fillip to an early commercialization of cellulosic ethanol.
The moves also assume significance as ethanol makers are facing criticism for using grain stocks for fuel, especially at a time when the nationâs grain yields are falling.
Cellulosic ethanol differs from conventional ethanol in that it uses the non-edible part of plants or agricultural waste to make fuel.
Leading the group of companies who are trying to commercialize the technology in China is Cofco Group, the nationâs largest fuel ethanol supplier.
Fuel ethanol made from crops is merely transitional. Its market share will fall after cellulosic ethanol is manufactured on a commercial basis, Yue Guojun, assistant president of Cofco, said in an interview with China Daily.
Yue is also the general manager of the Groupâs bio-chemical and bio-energy division.
At present China has five fuel ethanol companies who together produce around 1,720,000 tons of ethanol, mainly from corn, wheat and cassava. Cofco wholly or partly owns four of the five companies.
Yue said the company is now moving up the ladder of biofuel technology and cellulosic ethanol will become its core business in the long run.
Cofco expects to start selling cellulosic ethanol commercially in the next few years, said Guo Shunjie, senior manager of the bio-chemical and bio-energy division. He, however, declined to give an exact time frame for the process.
Policymakers are designing preferential tax and subsidy policies for cellulosic ethanol. The policies will help in large-scale commercialization, Guo said.
Cofco has teamed up with China Petroleum & Chemical Corp (Sinopec) and enzymes producer Novozymes to build a demonstration plant for cellulosic ethanol.
With a planned annual production capacity of 10,000 tons, the plant is expected to start output by the third quarter of 2011, he said.
Guo declined to reveal the total investment on the demonstration project. But he indicated that the production costs would fall as the technology gets more and more developed.
The group launched a pilot project for cellulosic ethanol with an annual production capacity of 500 tons in Heilongjiang province in 2006.
The cost of making a ton of cellulosic ethanol has declined considerably in the past four years, Guo said without revealing any figures.
The cost of producing one ton cellulosic ethanol is as high as 9,000 yuan per ton in China due to lack of key technologies, while the cost in the US is about 6,000 yuan per ton, said Li Shizhong, a professor of bioenergy at Tsinghua University.
The ethanol industry has a great future and we expect the government to continue supporting us, Guo said. YES, ENVIRONMENTAL DESTRUCTION FOR PROFIT IS GREAT FUTURE (SARCASM)!
According to Yue, cellulosic ethanol is mostly made from musty and decayed grains, which are otherwise inedible.
He said Cofcoâs bio-energy unit in Zhaodong, Heilongjiang province, used only 1.4 percent of the corn yield in the province between 2004 to 2009. The plant has a production capacity of around 180,000 tons of fuel ethanol.
The yield that we used was of poor quality and in no way did we pose any threat to food safety, he said.
But experts like Li feel that it will still take some time before the technology can be commercialized successfully.
Chinaâs fuel ethanol industry must follow a technical route which isnât based on food. The cellulosic ethanol technology is yet to mature and may take at least five years to be successfully commercialized, Li said.
WHAT THE BANKERS AND THEIR CRIMINAL PARTNERS DIDNâT TELL YOU IS THAT CELLULOSIC ETHANOL TECHNOLOGY INVOLVES THE MASSIVE DEFORESTATION CUTTING DOWN OF FOREST TREES WHICH WILL LEAD TO DISRUPTIONS IN THE ECOSYSTEM, FOOD CHAIN, AND THE WEATHER MODERATION PROCESS OF THE EARTHâS ATMOSPHERE. WHAT THEY ALSO DID NOT TELL YOU IS THAT WHEN AGRICULTURAL FOOD WASTES ARE BURNED FOR ENERGY INSTEAD OF BEING IMPLANTING BACK TO THE EARTH, IT WILL ROB THE EARTH OF ITâS RECYCLICAL MEAN OF PRODUCING FOOD FOR OUR SURVIVAL. NATURE IS DESIGNED IN SUCH A WAY THAT WHATEVER WE TAKE FROM THE EARTH, WE ARE TO GIVE IT BACK TO HER IN ORDER FOR HER TO SUPPORT US. THE BANKERS ARE FINANCING OUR DESTRUCTION BY FINANCING ENVIRONMENTAL, ECOLOGICAL, AND AGRICULTURAL DESTRUCTION. |
| By Anonymous, 07-31-10, 01:40 PM |
More robberies of state funds as well as subversive actions. China Resources Power to sell benchmark-size bond
(Agencies)
Updated: 2010-07-27 16:36
China Resources Power Holding plans this week to issue a benchmark-size dollar bond due in five years, a source close to the deal said on Monday.
The issuer has hired Goldman Sachs and Morgan Stanley to manage the deal, the source said. The two also arranged the companyâs series of meetings with investors last week.
Also expected to sell debt this week were E-Land Fashion China Holdings and Indiaâs IDBI Bank, sources said.
MAKE SURE TO BLOCK THE CASHING OF THE BONDS INTO RMB. TRACK THE LOCAL BANKERS INCLUDING THE CENTRAL BANK FOR SECRETLY CHANNELING RMB MONEY TO BE EXCHANGED FOR THE JUNK BONDS. |
| By Anonymous, 07-31-10, 01:44 PM |
The gradual process to shutting down China's energy security.Henan province’s coalmine consolidation moves ahead
By Zhang Qi (China Daily)
Updated: 2010-07-29 10:03
BEIJING - Central China’s Henan province will consolidate most of its small coalmines to update the scattered industry base and eliminate outdated capacity.
Among 466 small coalmines with an annual output capacity below 300,000 tons, 456 have already agreed to be merged with six leading coal companies in the province, local media said on Wednesday.
Henan Coal Chemical Industry Group, Zhong Ping Energy Chemical Group, Yima Coal Industry Group, Zhengzhou Coal Industry Group, Henan Shenhuo Coal & Power Co and Henan Provincial Coal Seam Gas Development and Utilization Co will lead the consolidation to snap up these small coal mines with a controlling stake of no less than 51 percent, said Chen Dangyi, vice-director of Henan Provincial Industry and Information Bureau.
Some 800 coalmines are scattered across Henan province, with small mines accounting for 85 percent.
After the consolidation, the province will form three large coal enterprises, each with 50 million tons of annual production capacity, and the six leading coal companies will account for 75 percent of overall capacity in the region.
Henan announced in February that it plans to consolidate small coalmines with output capacity below 300,000 tons per year and will only approve new mines with production capacity of at least 450,000 tons per year.
The plan is part of China’s effort to consolidate its coal industry, improve production efficiency and reduce coalmining accidents.
Henan’s consolidation follows a similar reshuffle in Shanxi province for the coal industry last year.
Shanxi, China’s key coal production region, produces one-fourth of the country’s coal. The province reduced coalmine numbers from 2,600 to 1,053 after merging all of its coalmines with an annual capacity less than 300,000 tons.
The central government issued a document in April to close outdated production capacity in sectors including power, coal, steel and ferroalloys to save energy and cut emissions.
Enterprises flocking to industries such as coal have been common in recent years, with the government then stepping in to correct potential overcapacity and eliminate obsolete production capacity.
The central government aims to seal off 8,000 small coalmines this year. China’s National Energy Administration predicted that the plan to acquire small coalmines will help slow down the growth rate of domestic coal production to 5 percent this year, from 12.7 percent in 2009.
Henan’s coal output last year was estimated at 180 million tons, or 6 percent of China’s output of 2.96 billion tons.
BLOCK THE CONSOLIDATION! IT IS A NATIONAL SECURITY THREAT. THE ARE GOING TO CONSOLIDATE HUNDREDS OF COAL MINES INTO THE HANDS OF 4 CONGLOMERATES WHICH WILL BE EASIER FOR THE BANKERS TO CORRUPT AND CONTROL. THEY WILL PROBABLY KILL THE 4 CONGLOMERATES AS WELL IN THE END TO TIGHTEN THE NOOSE ON CHINAâS ENERGY SECURITY. IT HAS MUCH LESS TO DO WITH SAVING ENERGY AND CUTTING EMISSIONS BUT MORE LIKE AN ECONOMIC STRANGULATION.
CORRUPTED GOVERNMENT OFFICIALS ARE HELPING THE BANKERS TO BRING DOWN THE GOVERNMENT BY CARRYING OUT HARMFUL POLICIES WHICH WILL CAUSE THE STATE TO SELF-DESTRUCT. |
| By Anonymous, 07-31-10, 01:48 PM |
More robbery of state funds by the bankers using state and foreign insurance corporations.China may let insurers buy more infrastructure debt
(Agencies)
Updated: 2010-07-29 15:02
China might ease rules on how much insurers can invest in infrastructure bonds, the China Securities Journal reported on Thursday.
Under a proposal being considered by the China Insurance Regulatory Commission, insurers would be permitted to have 10 percent of their assets in infrastructure debt, the newspaper cited an unidentified source as saying.
The ceiling is currently 6 percent for life assurance companies and 4 percent for property insurers. Additionally, total exposure to infrastructure, be it debt or equity, is capped at 8 percent of assets.
Insurance companies may also invest in projects approved by provincial governments, according to the proposed rule change.
Beijing has been gradually allowing insurance companies to diversify their portfolios while limiting the risks they run.
Insurers, for example, have been allowed to buy more corporate bonds and to invest in property. But they may have no more than 10 percent of their assets in equities.
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China may raise insurer stock buy limits
(Agencies)
Updated: 2010-07-30 10:45
China may raise the upward limit for insurers looking to invest their assets into A shares to 20 percent from 10 percent now, the Shanghai Securities News reported on Friday.
The paper, quoting a source, said that the new guidelines may be released in August.
It was also reported on Thursday that China might ease rules on how much insurers can invest in infrastructure bonds.
Under a proposal being considered by the China Insurance Regulatory Commission, insurers would be permitted to have 10 percent of their assets in infrastructure debt, the China Securities Journal reported citing an unidentified source.
THE BANKERS ARE USING THEIR FRONT, THE STATE INSURANCE CORPORATIONS TOGETHER WITH FOREIGN INSURANCE CORPORATIONS TO ROB MASSIVELY STATE FUNDS BY PRETENDING TO BUY BONDS FROM COLLUDING PARTNERS WITH THE RMB CASH RECEIVED FROM INSURANCE PREMIUMS. CASH RMB IS TAKEN AWAY FROM THE INSURANCE STATE CORPORATIONS IN EXCHANGE FOR WORTHLESS PIECES OF PAPERS CALLED BONDS. THE RMB MONEY WILL NEVER COME BACK IN FULL TO STATE COFFERS. THE INSURANCE COMPANIES WILL JUST DECLARE BANKRUPTCY HOLDING THE WORTHLESS BONDS. THE MONEY WILL BE GONE FOR GOOD INTO PRIVATE LONG-TERM ASSETS LIKE REAL ESTATE AND PRIVATE CORPORATIONS CONTROLLING FOOD PRODUCTION, ENERGY, TRANSPORTATION, HEALTH CARE, AND NATURAL RESOURCES. |
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