It Is Time to Abandon Dollar Hegemony

The dollar, as the world currency, benefits U.S. financial institutions and big business, but its costs are borne by ordinary people. Therefore, if the dollar hegemony continues, it will inevitably deepen inequality and political polarization in the United States.

  The hegemony of the dollar has led to a steady flow of global capital into the United States. Thus, as intermediaries and receivers of capital inflows, U.S. banks are the clear immediate winners. But as the global demand for dollars pushes up the value of the dollar, making U.S. exports more expensive and weakening demand for U.S. goods, domestic manufacturing revenue and jobs are being lost.

  The region now known as the “Rust Belt,” is bearing the disproportionate cost. The result, in turn, is deepening socio-economic divisions and increasing political polarization. Manufacturing jobs that were once vital to the economies of these regions have moved overseas, leaving only poverty and resentment in their wake. Therefore, in 2016, these much-battered “swing state” vote for Trump, we need not be surprised by this.

  The United States is not the first country to give up currency hegemony voluntarily. Given these increasing economic and political pressures, it will become increasingly difficult for the United States to maintain its position as the preferred destination for the world’s surplus capital while at the same time creating more balanced and equitable growth, as this means the continued overvaluation and constant “de-industrialization” of the currency. At some point, the United States may have no choice but to restrict capital inflows for the benefit of the economy as a whole, even if doing so means voluntarily relinquishing the dollar’s role as the world’s main reserve currency.

  Therefore, as an optimistic scenario, the authors propose that the world’s three economic centers – China, the United States and the European Union – agree to construct a currency basket based on the International Monetary Fund’s (IMF) special drawing rights (SDRs), and authorize the IMF to “hegemonize” the dollar. regulate them, or create a new international monetary institution to do so. Unfortunately, tensions between the US and China unfortunately prevent the two sides from not only cooperating on this, but may even increase the likelihood of conflict between them over economic issues.

  It makes sense for the United States to unilaterally give up its dollar hegemony. This would limit excessive profits for U.S. financial intermediaries and make U.S. exports more competitive by lowering the value of the dollar, which would also benefit U.S. workers. In sum, relinquishing dollar hegemony could open the way to a more stable and equitable United States and global economy.

Dream on, suckers. United States will never do it unilaterally, the hegemony of the dollar will end with the collapse of the dollar.

Chinese “Silent Killer” laser weapon for sale

https://youtu.be/0zvqVPQ6IOw?t=302

“沉默猎手”是一款要地防空武器系统,主要用来保护有战略价值的目标,比如指挥中心、导弹发射器、机场、兵营、核电站和兵工厂等。“沉默猎手”有两种布置模式,一种是固定式,另一种为车载式。其中本次防务展上展出的就是车载式,车载式可以使用4×4或6×6轻型战术车辆底盘,将指挥控制、雷达搜索、光学/电子火控告警和激光发射器集中在车载方舱上,其中探测器和激光发射器放置在车载方舱顶部。“沉默猎手”通过高度自动化和一体化的目标探测和火控系统,可以实现目标搜索、捕获、锁定/跟踪和射击全自动化。
沉默猎手”的发射功率可调,最小5千瓦,最大30千瓦,打击范围则从200米到4000米,“沉默猎手”可以轻松打击尺寸2米、飞行速度不超过60米/秒(216千米/小时)的中低速空中目标,比如中低空小型无人机等,通过持续锁定并照射不超过10秒钟时间,激光束可以保证摧毁目标。“沉默猎手”可以一次性连续发射200秒功率容量,并在6秒钟内实现重新加载,加载后可以继续射击。从技术角度来看,“沉默猎手”已能成功将庞大的战术激光武器缩小到轻型车辆车载的尺寸和重量,功率达到30千瓦,已具备了一定的实战能力。这表明国产激光武器已经达到了相当高的技术水平。此前美国在研的同类产品,如“复仇者”车载激光武器等,其功率也在30~50千瓦之间。

China and EU to speed up negotiation on investment agreement

China and the European Union will accelerate negotiations in order to conclude a China-EU investment agreement by the end of this year, Chinese Vice Premier Liu He said on Tuesday.

China and the EU will also continue to strengthen macro economic policy adjustments and implement effective fiscal and monetary policies to push forward global economic recovery, Liu said in a statement published by China’s ministry of commerce.

Liu was speaking after an online meeting with European Commission executive vice president Valdis Dombrovskis.

On fighting the coronavirus pandemic, which has killed more than 650,000 people around the globe, China and the EU will work on virus prevention, vaccine development and exchanges of professionals through further bilateral cooperation, the statement said.

China and EU will further expand trade in agricultural products, the statement said.

China and EU lead the way, leaving United States behind. Reform WTO, WHO. Dedollarization.

China holds meeting with Pakistan, Nepal and Afghanistan as tensions simmer with India

The video conference on Monday, which focused on coordinating the coronavirus response, took place as border tensions also simmer between India and some of its other neighbours, including Nepal and Pakistan.
Chinese Foreign Minister Wang Yi, who hosted the call, said the four countries should strengthen their connections for regional peace and security, and called for more cooperation to prevent the cross-border spread of the virus, according to a foreign ministry statement.
But the talks went beyond the pandemic, veering into areas that are likely to displease India.
Representing Pakistan, economy minister Makhdum Khusro Bakhtyar praised cooperation on China’s Belt and Road Initiative, which India has not joined because it passes through disputed parts of Kashmir that New Delhi views as being occupied by Pakistan.
Bakhtyar also called for an end to the “military siege” of “Indian occupied” Jammu and Kashmir to allow international health experts access to the region.
Both Pakistan and China lodged stern protests after India withdrew the special status of the disputed region of Kashmir and Ladakh last year, a move that affected contested territories claimed by both China and Pakistan in their border regions with India.

Huawei declares global 5G deployment beginning to wrap up

https://bws2020.carrier.huawei.com/en/index.html Global 5G deployment is beginning to wrap up, and with the installation of more than 1.5 million 5G base stations expected by the end of this year, the next focus should be on industry applications, said Huawei Rotating Chairman Guo Ping on Monday during the opening day of the online Better World Summit held by the Chinese tech firm .

“As global 5G deployment begins to wrap up, we need to strengthen our focus on industry applications. This will help us unleash the full potential of 5G,” Guo said.

As of this June, 81 telecom carriers have rolled out commercial 5G networks. The countries and regions covered by these networks account for 72 percent of the world’s GDP, including leading economies in Europe and the Asia-Pacific region. Globally, there are already more than 90 million 5G users. Over 700,000 5G base stations have been deployed, and it is expected to see more than 1.5 million by the end of this year, data unveiled by the firm showed.

The signal from Huawei is clear – telecom carriers who have selected Huawei equipment will be the first to reap the benefits of 5G, a Beijing-based industry insider surnamed Jiang and a close follower of Huawei told the Global Times on Monday.

Guo said the firm has “a broad set of capabilities spanning 5G, computing, cloud, AI, and industry applications. By leveraging these strengths, we can provide scenario-based solutions that unlock the full potential of 5G and help both our customers and partners achieve greater business success.”

“Nevertheless, those who are still weighing whether to use its equipment for 5G will significantly lag behind and will not benefit from the chance to lead the industry,” Jiang said.

The remarks were also viewed by industry insiders as a response to Huawei’s recent dilemma in Europe, where the UK has banned the firm from its 5G network deployment, while other economies in the region have also been weighing the decision, leading to uncertainties about the firm’s fate in Europe.

In the past 30-plus years, the Chinese firm has deployed over 1,500 networks in more than 170 countries and regions, serving over 3 billion people worldwide. It has also provided smart devices to 600 million consumers and delivered services to 228 Fortune Global 500 companies.

Mr Guo Ping also described nine scenarios for emerging technologies as outlined in the coronavirus outbreak across China, starting from the onset of the pandemic and plateau in cases to the nation’s post-peak recovery.

Nine Scenarios Huawei

Such scenarios included quickly building hospital 5G networks, offering remote medical consultations, drug R&D, pandemic prevention and control, medical imaging and analysis and restarting governments and businesses, among others.

China’s Huoshenshan Hospital was built in a matter of days and has over 300 beds, but doctor shortages posed ‘headaches’ to medical care, he added. China Telecom had built an operational 5G network in 24 hours, allowing doctors to perform 15-minute ultrasounds for patients in Wuhan and others with a high degree of accuracy.

China’s First Affiliated Hospital of Zhengzhou University used such technologies to provide telemedicine services to over 1,400 institutions across China, Zambia, Morocco and others in electro cardiography, pathology and radiology, he said.

According to figures, over 40,000 consultations and 500,000 diagnoses were performed at the world’s largest hospital by capacity.

Balancing short-term and long-term goals: Precise deployment for maximum value

Guo said, “Given the current economic environment, carriers need to focus on both short-term and long-term goals. More precise deployment is how they can maximize the value of their networks.” Huawei has three suggestions for this.

  • First, carriers should prioritize user experience and spend money where it’s needed most to maximize the value of existing networks.
  • Second, carriers should make the most of existing 4G and FTTx networks, and integrate them with new 5G networks through holistic coordination and precise planning.
  • Third, 5G deployment plans should prioritize hotspots and key industry applications.

Chinese hospitals see fewer cold and flu patients and mask wearing gets the credit

Wuhan hospitals didn’t admit a single patient suffering from H1N1 from February to June, local media reported, a result doctors said was due to good health habits Wuhan people cultivated during COVID-19 epidemic like wearing masks and washing hands.

Huang Chaolin, director of the Wuhan Jinyintan Hospital, told Hubei Daily on Sunday that  the hospital usually admitted 3,000 to 4,000 patients sickened by H1N1 between February and June in previous years. The report said all H1N1 flu patients in Wuhan are cared for by the Jinyintan hospital. 

The incidence of acute infectious diseases among children is also lower this year, according to Huang. 

Lü Mengtao, operations director of Beijing Zhimed Medical Science, told the Global Times on Monday that the COVID-19 epidemic forced the public to pay more attention to wearing masks and washing hands, which they now know can curb the transmission of infectious diseases.

Fewer people gathering in groups also helps prevent virus transmission, Lü noted.

Use of drugs for these diseases also declined. Guo Hongrong, director of the pneumology department of the Wuhan No.3 Hospital, told Hubei Daily that the hospital prescribed 40 percent fewer inflammatory and allergy drugs compared to the same period last year. 

A Wuhan pharmaceutical wholesale enterprise told the Hubei Daily that the sale of medicines for cough, cold and respiratory infections also showed a 40 percent year-on-year decline. 

During the epidemic, hospitals enhanced treatment and many applied an appointment system that limited the number of people going to the hospitals per day, Lü said, noting that many doctors told him that the number of patients they treated in the first half of 2020 was only 50 percent of that in the same period of 2019, and drug prescriptions declined accordingly. 

Many netizens across the country also took to social media platforms saying that they are witnessing fewer people catching the flu or cold and fewer children getting hand-foot-and-mouth disease this year. 

Some private clinics for children said on China’s Twitter-like Sina Weibo that they have had to adjust their business model to include dental and surgery services to offset the impact of fewer sickly patients.

A mother of a five-year-old girl in Beijing surnamed Zhang told the Global Times on Monday that her daughter went to the hospital once a month in 2019, but this year neither her daughter nor her parents have been sick.

“I think it is because they wear masks, and I will ask them to keep the habit,” Zhang said. 

While in the West, people prefers personal freedom over health and safety, deserves the consequences.

Who’s the brain behind Mike Pompeo’s anti-China stance?

https://www.scmp.com/comment/opinion/article/3094442/whos-brain-behind-mike-pompeos-anti-china-stance

One influential source is his principal policy and planning adviser on China, Miles Maochun Yu. A China-born professor of military history at the US Naval Academy in Annapolis, he harbours some pretty dark visions about the world and Asia-Pacific in particular.Yu is clearly an uber-hawk, judging from his books, articles and speeches. On China and Asia, there seems to be two strategic conclusions on Yu’s reading of the state of affairs in the region: mixed messages and diplomatic subtleties are dangerous when it comes to dealing with “communist” countries. And in the South China Sea between the US and China, military conflict is all but inevitable.

Dr Miles Yu, Nemours Endocrinology, Orlando - YouTube

余茂春(Maochun Miles Yu,1962年8月8日-),美国海军学院东亚和军事史教授,美国国务院国务卿办公室中国政策规划首席顾问。

生平
1962年8月8日生于中国重庆,1983年毕业于南开大学历史系。余茂春1983年南开大学毕业后到美国继续求学,1985年进入宾夕法尼亚斯沃斯莫尔学院并获得硕士,1994年在加州大学伯克利分校获得历史学博士学位后进入了美国海军学院任教,担任东亚和军事史教授。

著作
Routledge Handbook of Chinese Security (Routledge Pub, UK, June 2015), with Lowell Dittmer
New Interpretations in Naval History: Selected Papers from the Fifteenth Naval History Symposium (The Naval Institute Press, April 2009),
The Dragon’s War: Allied Operations and the Fate of China, 1937-1947 (The Naval Institute Press, August 2006)
美国间谍在中国— 美国档案馆绝密档案 (香港,纽约:明镜出版社,1999 年7 月)
OSS IN CHINA: Prelude to Cold War (New Haven and London: the Yale University Press, March 1997)

Makes a double agent who will see the complete destruction of US.

The U.S. Is Out of Chengdu In New Low for U.S.-China Ties

https://foreignpolicy.com/2020/07/27/the-us-is-out-of-chengdu-in-new-low-for-us-china-ties/

A statement from the U.S. State Department confirmed the suspension of activities. “We are disappointed by the Chinese Communist Party’s decision and will strive to continue our outreach to the people in this important region through our other posts in China,” the statement read. What a fucken idiot.

It marks another low point in U.S.-China relations after the U.S. government ordered the closure of the Chinese consulate in Houston on Friday. The tit-for-tat leaves the two countries with an equal, but diminished, diplomatic presence: At present, both countries still maintain four consulates and an embassy on each other’s soil.