Category: China
-
![5 Things I Didn’t Know About the Esports Industry]()
5 Things I Didn’t Know About the Esports Industry
The rapid increase in the popularity of the E-sports industry is a best-case scenario of the integration between traditional entertainment and the new age of digital media. Although the industry has breached the 1 billion mark, there is still much work to be done by companies in the industry. Usually, with these sector roundups, we…
-
![This week in crypto: slouching towards a cautiously optimistic future edition]()
This week in crypto: slouching towards a cautiously optimistic future edition
It’s difficult to pinpoint exactly why confidence in Bitcoin’s future has jumped, but the likely culprit is that the Chinese bitcoin miners recently exiled from their ancestral homelands have made their way to to North America (and Russia and Kazakhstan) and set up shop. The hashrate and mining difficulty both enjoyed a bump, and now…
-
![Defense Metals (DEFN.V) just mapped its 4,220-acre Rare Earth Element (REE) property in B.C.]()
Defense Metals (DEFN.V) just mapped its 4,220-acre Rare Earth Element (REE) property in B.C.
The Wicheeda resource currently stands at 4,890,000 tonnes grading 3.02% LREO (Light Rare Earth Oxide) in the Indicated category, and 12,100,000 tonnes grading 2.90% LREO in the Inferred category.
-
The IMF suddenly got very gloomy: what does that mean for the price of gold?
Today, The International Monetary Fund (IMF) released a statement predicting that the global economy will take a $12 trillion hit from the Covid-19 pandemic. $12 trillion is 60% the size of the U.S. economy – or $1,500 for every man, woman and child on the planet. The 189-country organisation says it will take a minimum…
-
![Nio (NIO.NYSE) surges 12%: Chinese Gov. doesn’t want Tesla (TSLA.Q) to humiliate the locals]()
Nio (NIO.NYSE) surges 12%: Chinese Gov. doesn’t want Tesla (TSLA.Q) to humiliate the locals
NIO took a leaf out of Apple’s (AAPL.Q) playbook and outsourced production to a to a purpose-built factory run by JAC Motors (江淮汽车) a Chinese state-owned automobile manufacturer.
-
![Coronavirus freak-out: global markets just paid $3 trillion for a bowl of weak peacock soup]()
Coronavirus freak-out: global markets just paid $3 trillion for a bowl of weak peacock soup
A Wuhan market price list offers 112 types of wild critters including peacocks, foxes, giant salamanders, snakes, rats, porcupines and camel meat.
-
![Investor Alert: here’s what a regular Chinese communist thinks about the trade war]()
Investor Alert: here’s what a regular Chinese communist thinks about the trade war
I recently met an electrical engineer in Chengdu China I’ll call “Mr. Kin”. He’s 53 years old, works for a private utility company. He’s been a member of the Communist Party of China since he was 18 years old. Mr. Kin is not rich, but he’s not poverty-stricken either. His daughter is studying psychology at…
-
The end of the world, or, how I learned to live with a habitually shrinking PMI
The Institute of Supply Management (ISM) U.S. manufacturing survey was released yesterday and, boy, did it ever raise alarms. Estimations of the ongoing U.S.-China trade war have been on a piecemeal basis up until now: It is common knowledge American soybean farmers are struggling, but calculating the material effects on U.S. business as a whole…
-
![The real reason Apple (AAPL.NASDAQ) CEO Tim Cook hates Donald Trump]()
The real reason Apple (AAPL.NASDAQ) CEO Tim Cook hates Donald Trump
The CEO of Apple (AAPL.NASDAQ) Tim Cook (58) is university educated, liberal and gay. Combine these factors and there is close to zero chance he’s going to be a fan of Donald Trump. Publicly Cook and Trump rarely agree about anything. On the campaign trail, Trump criticized Cook to rile up his base. In fact,…
-
![Thirsty British tea drinkers trigger massive riots on Hong Kong streets]()
Thirsty British tea drinkers trigger massive riots on Hong Kong streets
This week, there was sustained rioting on the streets of downtown Hong Kong (HK), as agitated locals protested a controversial bill allowing China to extradite suspected criminals from Hong Kong to mainland China. 5,200 HK riot police fired tear gas and rubber bullets at the protesters – injuring 85 people – with two in serious…
