Pinoy President Rodrigo Duterte has praised Russia and China for providing arms for his forces to use in their struggle against Islamist rebels in the south of the Phillipines (archived). The Phillipines has until recently aligned itself strongly with the US, but relations have soured as the Great Again free USG State Department has worked to thwart Duterte's efforts to try making the Pinoys great. Duterte further aired his concerns that the USG.CIA with its own anti-Great faction may move to assassinate him.
After their announcement earlier this week, the Chicoms have expanded their planned tariffs to include soybeans.
In response to economically nationalist moves made by the US Trump administration, China has moved to impose tariffs on a number of US agricultural products including pork and ginseng. Notably absent from tariffs at this time are soybeans. With Brazilian soybeans demanding a price premium for their higher dry weight protein content, a tariff on US soybeans would have likely have ended their marketability in China.
The slow motion flailing of empires against one another continues as the Shanghai International Energy Exchange has begun pricing crude oil contracts in the Chinese Renmibi rather than that other paper currency. (archived)
Argentina announced that last week it had fired at a Chinese flagged fishing vessel, Jing Yuan 626 and failed to capture the vessel after an 8 hour pursuit. (archived)
Apple surrendered to Oriental Socialism and moved encryption keys for Chinese users to Chinese servers at the behest of Party officials. According to Reuters, 'Chinese authorities can now get a Chinese legal order and tell Apple to hand over user data. Apple will have no choice but to comply with the order." Apple already complies with U.S. Department of [in]Justice requests, and appears poised to work with "Party officials" worldwide. The Chinese just get preference for assembling the merchandise.
Reports are emerging that the Communist Party of China is set to remove lines from their constitution which limited Presidents to two consecutive terms at their upcoming Chicom party congress (archive). This move appears to be a step in the direction of the Chicoms committing to 64 year old General Secretary and President Xi Jinping for the rest of his natural or unnatural life.
The Chicoms have seized local conglomerate with international holdings Anbang and turned it over to the Chinese Insurance Regulatory Commision nominally to "protect the rights and interests of consumers."
The Ford Motor Company announced to day that it would become the first "American" automaker to outsource the manufacturing of a whole passenger car model to China. Ford will be relocating production of it's runty, low margin, and slow selling "Focus" to China while the plant in suburban Detroit currently producing the Focus will be retooled for pickup truck and SUV production.
Previously, mainstream US vehicular imports from China were limited to parts while upstart brands bringing whole vehicles to the US from China typically import budget vehicles with "off-road use only" import papers and street tires to increase their affordability for cash poor American consumers.
Bitfinex self reported that their fiat-side banking partners in the Republic of China1 are going to soon stop doing banking work for them on the bank's initiative. This is in line with the other China's attitude towards their fiat emphasized fiat/Bitcoin interfaces. Sorry for your loss, butt fun while it lasted.
also known as Taiwan, Island China, or Little China ↩