Tag Archives: China

Business/Economics

Electronics maker Sharp admits it lied about sales, loses $1.5-billion!

30 March 2016 (12:28 UTC-07 Tango 01) 11 Farvardin 1395/20 Jumada t-Tania 1437/22 Xin Mao 4714

On the verge of a takeover deal from Republic of China’s (Taiwan) Hon Hai (Foxconn), Japan’s Sharp has admitted it’s been cooking its books to make itself look like a good buy.

Up ’til now Sharp claimed it was going to make a profit for 2015, but now it estimates a loss of $1.5-billion USD!  Amazingly, Hon Hai says it will go through with the takeover, officially by this weekend.  However, Hon Hai will pay $1-billion less than what it originally offered.

No more electronics maker Sharp! Foxconn beats out Samsung! 

International

Proof contractors are corrupt: China to eliminate military contractors by 2019!

27 March 2016 /20:40 UTC-07 Tango 01 (09 Farvardin 1395/18 Jumada t-Tania 1437/20 Xin Mao 4714)

“Paid services can sometimes encourage corruption and the military should focus on national defense. The announcement also aims to improve the military’s combat capability.”-Gong Fangbin, People’s Liberation Army National Defense University

China’s Central Military Commission revealed plants eliminate military contractors, in a bid to reduce corruption.  That’s according to news reports citing a leaked document.

Last year President Xi Jinping announced plans to greatly reduce the size of the military in an attempt to reduce government tax spending.  The Central Military Commission called their plan to halt the use of contracts (called ‘paid services’ in China) “an important political task” as it was seen as a major cause of “corruption”.

International

Operation Jupiter: Government reveals who’s behind blackmarket vaccines!

24 March 2016 (07:52 UTC-07 Tango 01) 05 Farvardin 1395/14 Jumada t-Tania 1437/16 Xin Mao 4714

It’s been revealed that a blackmarket ‘mom & daughter’ vaccine operation, supposedly busted last month, has been known about for some time by police.  In fact a government agency slipped up and revealed they were behind the whole thing!

On Wednesday, China’s Food and Drug Administration revealed it was the one selling the vaccines to blackmarket traffickers!  They claim it was part of a government operation to stop blackmarket vaccine trafficking.  Apparently the sting operation began last year after government authorities were notified by whistleblowers, and in fact the alleged mom & daughter villains were actually arrested in April 2015, not last month as first officially reported!

Last month is when the government sting operation concluded. As of today numerous news reports can’t seem to get the number of people arrested/detained correct, varying from as few as 12 to more than 130 people!  Even news reports about when the black-marketeers began their operation oscillate from 2010 to 2011 (the original reports said 2011, but the latest reports today now say 2010).

The general public are upset that illegal, and even spoiled, vaccines were allowed to be used on unsuspecting people during the time of the sting operation.  Why didn’t the police shut the crime syndicate down when they supposedly first found out about the blackmarket ops?  China’s National Health and Family Planning Commission swears they’ve detected no adverse reactions to those illicit vaccines that were used as part of the sting.

Here’s the problem with government/police sting operations: The government/police become the masterminds, the False Flag kingpins of the very crime they claim they’re trying to prevent.  The overwhelming cases of alleged terrorist convictions in the United States, since 9-11, were not true terrorists caught in the act, but were mentally unstable individuals set up by Homeland Security sting operations!

International

Operation Jupiter: Women caught operating massive illegal vaccine business!

19 March 2016 (17:01 UTC-07 Tango 01) 29 Esfand 1394/09 Jumada t-Tania 1437/11 Xin Mao 4714

A five years mom-n-daughter vaccine running operation was finally shutdown.  The women are accused of illegally buying vaccines then selling them on the street, and even to some legitimate clinics at greatly jacked up prices.

Police say the women were posing as legal buyers, getting most of their vaccines from legal manufacturers, however, they avoided the mandatory secure shipping methods, did not refrigerate the vaccines (also a requirement, because vaccines actually spoil in the heat), and many of the vaccines are suspected to have been diluted to increase their profit margin.

It happened in 18 of China’s provinces generating at least $88-million USD for the two faux vaccine sales-women!  They were finally arrested by the Jinan Public Security Bureau in Shandong Province.

The illegal vaccine running was discovered back in January-February when Jinan Public Security Bureau’s Food and Drug Department was tipped off about a warehouse full of spoiling vaccines.   Chinese health administrators warned that spoiled “….vaccines have potential side-effects and can even cause disability or death.”

25 types of vaccines were found including vaccines for influenza, hepatitis and rabies.  Local news reports say when the investigators made the bust ’employees’ inside the warehouse were scrambling to “destroy the evidence”.

But wait, there’s more!  The two women arrested are just the tip of illegal vaccine iceberg as Jinan Public Security Bureau believes the massive operation also includes more than 1-hundred pharmacies and a suspected 3-hundred individuals!

Operation Jupiter: Massive Syphilis outbreak near U.S. military base! Not 1st, 2nd or 3rd time U.S. govt spread the disease!

Operation Jupiter: For past 40 years a major Vaccine maker lied about how they make vaccines!

Business/Economics

Global Depression as China kills 1.8 million jobs & begins monetary easing! Blame ‘western’ led G20!

29 February 2016 (12:36 UTC-07 Tango 01) 10 Esfand 1394/20 Jumada al-Ula 1437/22 Geng Yin 4714

“…the G20 recognized that while the global recovery continues, it remains too weak and uneven–and falls short of our collective ambition for strong, sustainable and balanced growth. To confront this challenge, we need action now.”-Christine Lagarde, IMF

If Walmart is the canary in the coal mine for the U.S. economy, then China is the same for the entire world economy.  China’s Ministry of Human Resources says factory orders are so low there is no justification to keep 1.8-million steel and coal workers employed!  They gave no date for when the massive layoffs will begin.  Ministry of Human Resources calls the layoffs “resettlement”.

The announcement came after Premier Li Keqiang revealed that the equivilant of $15.27-million USD is being set aside for expected mass unemployment!

On top of that, the People’s Bank of China is dropping the amount of cash commercial banks must keep in the vaults, for the 5th time since February 2015!  Analysts say this 5th drop in the reserve ratio is meant to inject the equivilant of $100-billion USD into the Chinese economy.    This comes after members of the G20 revealed the global economy is actually crashing, not recovering.

Christine Lagarde, Managing Director of the U.S. based International Monetary Fund (IMF), blamed the lack of global recovery on the lack of implementation of past G20 agreements: “…bold multilateral actions. This requires following through on past G20 commitments and, in particular, renewed momentum this year to deliver on the goal of achieving 2 percent additional growth by 2018.”

International

Gun Ban Failure: Yet more mass stabbings of children in total gun ban China!

29 February 2016 (10:08 UTC-07 Tango 01) 10 Esfand 1394/20 Jumada al-Ula 1437/22 Geng Yin 4714

In Haikou city, capital of Hainan Province, a man stabbed ten elementary aged children, then killed himself.  Police have no motive for the attack.  Mass stabbings are common in the total gun ban country of China.  The six boys and four girls are in hospital.

This is not the first time this year violence against youths has taken place in Hainan Provence.  In January, video of teen aged girls beating and stripping another girl in public were posted.  Nobody tried to intervene.   Nobody knows what happened to the victim.

In 2015, China Youth Research Center said 32.5% of China’s youth are bullied.  So much for total gun bans!

Gun Ban Failure: Near total gun ban India is 2nd only to U.S. in gun violence!

Anti-gun laws fail to stop Chinese being shot & killed by a woman in Philippines! 

Martial Law China: Cops start carrying guns despite outright gun ban! 

Martial Law China: Gun ban fails to stop record illegal gun running operations!  

U.S.

Provocator Deux Fois: Peace Prize President launches second ICBM in past week!

26 February 2016 (02:28 UTC-07 Tango 01) 07 Esfand 1394/17 Jumada al-Ula 1437/19 Geng Yin 4714

He won the now proven to be illegitimate Nobel Peace Prize partly due to his official plan to reduce nuclear weapons, now in an obvious act of war mongering provocation Barack Obama has ordered the launch of a second ICBM this week, from Vandenberg AFB in California!

Obama’s own minions admitted so: “That’s exactly why we do this. We and the Russians and the Chinese routinely do test shots to prove that the operational missiles that we have are reliable. And that is a signal … that we are prepared to use nuclear weapons in defense of our country if necessary.”-Robert Work, Deputy  Secretary of Defense

On 22 February 2016, North of Lompoc, California, the U.S. Air Force launched a Minuteman 3 Intercontinental Ballistic Missile (ICBM).  However, it was reported as a test of new equipment.  Today’s launch proves it’s actually warmongering by Provocator Deux Fois Obama.

Proven, again: Islamic State uses parts supplied by U.S. & Japan to make their bombs! 

Business/Economics, Technology

No more electronics maker Sharp! Foxconn beats out Samsung!

24 February 2016 /19:16 UTC-07 Tango 01 (06 Esfand 1394/16 Jumada al-Ula 1437/18 Geng Yin 4714)

Executives with one of Japan’s iconic electronics maker, Sharp, have decided to sell out to a Republic of China (Taiwan) company.

The nearly $6-billion USD sale puts a ‘major’ Japanese electronics maker under foreign ownership for the first time in Japan’s history.  Hon Hai Precision Industry, aka Foxconn, outbid Republic of Korea’s Samsung.  Sharp executives even rejected the offer from the Innovation Network Corporation of Japan.

Sharp has been dealing with crashing revenues for the past few years.  Analysts have criticized the offer by Foxconn as being absurdly high as there are other Japanese electronics makers who are financially secure, yet are considered worth less than unstable Sharp.

Foxconn is a major supplier to Apple, and in 2014 signed a joint venture deal with Hewlett Packard.

Japan Economic Front: Biggest ever loss for Sharp!

What Economic Recovery? Sharp projects record loss for 2012!

Sharp makes deeper cuts than originally planned, blame the Too Big to Fail banks! 

For the first time in 62 years, TV maker Sharp will layoff 5,000 workers!

Sharp blames the United States for lack of economic recovery

Sharp’s economic woes began with the 2011 quake-tsunami and Fukushima nuclear disasters: Sharp has announced that production of their Liquid Crystal Display TVs will be halted 

International

Food Crisis: Where’s the Beef, New Zealand? China to blame?

18 February 2016 (04:35 UTC-07 Tango 01)/29 Bahman 1394/09 Jumada al-Ula 1437/11 Geng Yin 4714

Possibly due to record exports of New Zealand beef, the people of Kiwi-Land are now suffering a beef shortage!

In the 1st quarter of the 2015-16 New Zealand beef export season a record $682-million NZD was brought in.  But that was due to a record volume of red meat leaving New Zealand and heading to Taiwan (Republic of China), not due to higher commodity prices.

The result is that local meat factories have shutdown production lines due to a lack of beef in their home country!  China owned Oamaru Meats is keeping 40 employees on a longer furlough than normal due to the beef shortage, up to 14 weeks longer.  Some employees were shifted to their lamb butchery.  Union reps revealed this was the 4th furlough in the past 12 months, which they described as “quite unusual”.

Another beef butcher, Invercargill’s Prime Range Meats (which is also China owned), shutdown without warning last week.  130 people suddenly furloughed!

However, some local politicians think its more than just a shortage of beef cows and are demanding answers.  Oamaru Meats was taken over by China’s Binxi Foods Oamaru/Binxi Cattle Industry Company in December, resulting in an immediate layoff of up to 80 employees.  Prime Range Meats was taken over by several Chinese investors in 2014, but apparently there have been legal wrangling over who is responsible to pay the debts of the company.  A manager at the Prime Range Meats facility suspects that’s the real reason for their sudden shutdown.

So, officially the new Chinese owners of New Zealand beef plants are blaming lack of beef for their shutdowns and furloughs, yet it sounds like incompetent corporate level administration could be to blame.  The result will be less beef for New Zealanders to buy, which will drive up the local retail price of red meat.  Perhaps that’s the real reason for the shutdowns?

New Zealand probably sold-out to Chinese investors after a terrible 2010 season.

U.S. Food Crisis January 2016: “We were not ready to close 10 years ago, but we’re ready now.” 

Business/Economics

China blames U.S. & the ‘west’ for crashing global economy! China stock markets closed for 1 week!

15 February 2016 (03:38 UTC-07 Tango 01) /26 Bahman 1394/06 Jumada al-Ula 1437/08 Geng Yin 4714

“Market players should stop singling out China as the major cause for the global market turmoil…..

….it is not true…that China is the major problem.

The Chinese stock markets have been closed for the entire week, during which Chinese authorities did not release any economic data or announce new policies.

The tumultuous market is a reflection of the world economy troubled by a prolonged fragile recovery over the past years as countries used extremely loose monetary policies to prop up asset prices in an effort to avoid the busting of bubbles. A deflationary trend has also made it even more difficult for decision-makers to deal with the challenges.

Japan adopted the unusual policy of negative interest rates. Europe is still slow in recovery and the concerns over the financial health of major European banks were one of the triggers to the latest global market turmoil.

Uncertainties over the future U.S. monetary policy, which has been a source of market volatilities over the past year, was again one of the factors in play. Both demand and supply have weighed down on the prices of oil, making it more difficult for some oil exporters.”-People’s Republic of China state run Xinhua News Agency

Too Big to Jail German bank admits role in deliberately crashing Global Economy!