“The Russian central bank opened its first overseas office in Beijing on March 14, marking a step forward in forging a Beijing-Moscow alliance to bypass the US dollar in the global monetary system, and to phase-in a gold-backed standard of trade.
According to the South China Morning Post the new office was part of agreements made between the two neighbours “to seek stronger economic ties” since the West brought in sanctions against Russia over the Ukraine crisis and the oil-price slump hit the Russian economy.”
“This could lead forensic investigators into wrongly concluding that CIA hacks were carried out by the Kremlin, the Chinese government, Iran, North Korea or Arabic-speaking terror groups such as ISIS.”
Shares of Wins Finance Holdings Inc., a company that guarantees loans for small businesses in China and leases equipment to them, have soared as much as 4,555 percent since debuting on Nasdaq in 2015. The firm’s market value surpassed $9 billion in February, about four times as much as LendingClub Corp., an online lender with 50 times the revenue. Even Wins said in a release that it had no idea what drove the surge in its stock, which boasts the best performance in the Nasdaq Composite Index over the past 12 months.
via This Chinese Stock Soared 4,500% on Nasdaq and No One Knows Why – Bloomberg
BEIJING/WASHINGTON – In August, foreign ministers from 10 nations blasted China for building artificial islands in the disputed South China Sea. As media around the world covered the diplomatic clash, a radio station that serves the most powerful city in America had a distinctive take on the news.
Located outside Washington, D.C., WCRW radio made no mention of China’s provocative island project. Instead, an analyst explained that tensions in the region were due to unnamed “external forces” trying “to insert themselves into this part of the world using false claims.”
Behind WCRW’s coverage is a fact that’s never broadcast: The Chinese government controls much of what airs on the station, which can be heard on Capitol Hill and at the White House.
WCRW is just one of a growing number of stations across the world through which Beijing is broadcasting China-friendly news and programming.
A Reuters investigation spanning four continents has identified at least 33 radio stations in 14 countries that are part of a global radio web structured in a way that obscures its majority shareholder: state-run China Radio International, or CRI.
via Exposed: China’s covert global radio network
The Federal Communications Commission and the Justice Department are investigating a California firm whose U.S. radio broadcasts are backed by a subsidiary of the Chinese government, officials said.
Both investigations come in response to a Reuters report published on Monday that revealed the existence of the covert radio network, which broadcasts in more than a dozen American cities, including Washington, Philadelphia, Boston, Houston and San Francisco.
via UPDATE 1-FCC, Justice Department investigate covert Chinese radio network | Reuters