CHINA and the US Conflicts of Interest: Reports and Discussions.

J. Abizeid

J. Abizeid

Well-Known Member
Dollar Dive: China's economy soon to leave US far behind


Published on May 19, 2014 China's journey towards becoming the world's largest economy is not a case of "if", but "when". However just a few decades ago, there's no way you could have predicted Beijing's meteoric rise.
 
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  • J. Abizeid

    J. Abizeid

    Well-Known Member
    http://www.nbcnews.com/news/world/china-suspends-cybersecurity-cooperation-after-us-charges-n109476

    China Suspends Cybersecurity Cooperation After US Charges

    Barely a month after the two countries agreed to work together on cybersecurity, China suspended cooperation with the U.S. on Monday after the Justice Department charged five Chinese military hackers with cyberespionage.

    The "deliberately fabricated" charges put U.S.-Chinese relations in jeopardy, the Foreign Ministry said in a blisteringly worded statement that accuses the U.S. of its own "large-scale and organized cyber theft" in violation of international law.
    In retaliation, it said, "China has decided to suspend activities of the China-US Cyber Working Group" — the high-level diplomatic initiative both countries agreed to in April to stop their war of words over allegations of government-sponsored hacking.

    Jen Psaki, a spokeswoman for the State Department, said the U.S. was disappointed by China's announcement, saying Secretary of State John Kerry hoped a U.S.-China strategic and economic conference would go on as scheduled in July.
    "We regret, of course, the decision about the suspension of activities related to this Cyber Working Group, but we continue to believe that dialogue on these important issues is the best way forward," Psaki said Monday.
    "We expect the Chinese government to understand that today's announcement relates to law enforcement," she said, calling the charges "consistent with the concerns we've candidly raised with the Chinese government on these issues."
    FBI Director James Comey told NBC News that "for too long, the Chinese government has blatantly sought to use cyber-espionage to obtain economic advantage for its state-owned industries."

    But the Chinese statement, which was prominently published in Chinese and English on the Foreign Ministry website, accused the U.S. of hypocrisy and "insincerity," casting Beijing as the real victim.
    Large amounts of publicly disclosed information show that relevant US institutions have been conducting cyber intrusion, wiretapping and surveillance activities against Chinese government departments, institutions, companies, universities and individuals," the statement said.
    "China has, on many occasions, made serious representations with the US side," it said. "We once again strongly urge the US side to make a clear explanation of what it has done and immediately stop such kind of activities."
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    Cross Talk: Multipolar Order


    Published on May 19, 2014 How is multipolar world going to look like? Will Washington recognize the rise of the other poles? And what is the future: order or chaos? CrossTalking with Rodney Shakespeare, Mark Sleboda and Ehsan Ahrari.
     
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    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://www.reuters.com/article/2014/05/20/us-china-usa-espionage-idUSBREA4J03D20140520

    China summons U.S. ambassador over cyber-spying accusations: Xinhua
    BEIJING Tue May 20, 2014



    BEIJING (Reuters) - China's Foreign Ministry summoned the U.S. ambassador to China on Tuesday and urged him to cancel charges against five Chinese military officers accused of hacking into American companies to steal trade secrets, state news agency Xinhua said.
    In a separate statement, China's defense ministry said the government and the military have never engaged in cyberspying on businesses. It called on the United States to immediately stop spying on China, saying that the charges have seriously damaged trust between the two militaries.
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://www.bbc.com/news/world-asia-china-27481454

    20 May 2014

    Russia's President Putin arrives in China for state visit


    China could use Russia's troubles in Europe to push for a better deal, as John Sudworth reports.

    Russia's President Vladimir Putin has arrived in Shanghai ahead of a summit at which Russia and China are hoping to deepen ties.

    The two countries will make a "substantial" announcement and sign agreements,
    said Xinhua.
    They will also kick off a joint military exercise involving their navies.
    The summit comes as Russia and China face criticism over disputes in Ukraine and the South China Sea.
    The Conference on Interaction and Confidence Building Measures in Asia (Cica) has drawn delegations from nearly 40 countries and international organisations.
    United Nations Secretary-General Ban Ki-moon is attending, as are the leaders from Iran, Pakistan, Kazakhstan and Cambodia. Chinese President Xi Jinping is expected to make announcements on security in Asia at the summit.


    Mr Putin is expected to pursue an energy deal with China at the summit in Shanghai



    Mr Xi visited Russia and met Mr Putin on his first foreign visit as China's president in March last year



    UN Secretary-General Ban Ki-moon (left) met Mr Xi on Monday, before the start of the Cica summit


    The visit marks Mr Putin's first trip to China since President Xi took office.
    In an interview with Chinese media before his arrival, Mr Putin called China "Russia's reliable friend" and said the two countries had reached a new stage in bilateral and military ties.
    "It would be no exaggeration if I said that the cooperation between our two countries is at its highest level in history,"
    the Russian leader said.
    China is Russia's largest single trading partner, with bilateral trade flows of $90 billion in 2013, and the two neighbours aim to double the volume to $200 billion by the end of the decade, according to agencies.
    The BBC's John Sudworth said that Russia is also looking to pursue an energy deal, which would see the country pumping gas to China. But China may want to drive a harder bargain given Russia's current troubles in Europe.
    Russia has faced international condemnation for its annexation of Crimea from Ukraine. Russia has also deployed troops near the border of Ukraine, sparking concerns about a possible invasion.
    For its part, China has attracted criticism for recent actions in the South China Sea.
    China's refusal to move an oil rig stationed in waters claimed by Hanoi sparked an outbreak of protests across Vietnam last week, with demonstrators targeting Chinese workers and Chinese-owned factories. At least two deaths have been reported.
    The Philippines has also accused China of building an airstrip on the disputed Johnson Reef.
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://en.itar-tass.com/economy/732093

    Putin: Russia interested in China's participation in developing of Far East

    May 19

    “In the light of the turbulence of the world economy, strengthening of mutually beneficial trade-and-economic contacts and increase in investment flow between Russia and China acquire colossal importance


    Vladimir Putin

    © ITAR-TASS/Mikhail Metsel

    MOSCOW, May 19. /ITAR-TASS/.

    Russia is interested in Chinese businesses' participation in developing the Far East, Russian President Vladimir Putin told China's leading media in an interview ahead of his visit to the People's Republic of China (PRC).
    “We certainly are interested in Chinese business's availing itself of the opportunities and be among the leaders there, for an accelerated development of the Far East is beneficial to both Russia and China,” the President said.
    Putin has emphasized that it is important for the two countries not only to maintain trade. “It is essential to form strong technological, industrial alliances, attract investments to the infrastructure and the energy sector, jointly advance research and humanitarian contacts, and lay a solid foundation of sustainable development of our trade-and-economic relations in the long term,” he pointed out.
    “In the process, the Far East can and must become a natural platform for the application of these efforts,” the President believes.
    Putin recalled that an accelerated socio-economic development of Siberia and the Far East has been designated as "one of chief national priorities of Russia in the 21st century" and that a whole package of programs, connected with modernization and enlargement of the infrastructure of the regions, are being implemented.
    “Emphasis is laid on the establishment of special territories for a priority economic development, in which an auspicious environment will be formed to attract investments, ensure competitive conditions for organizing export-oriented non-primary sector production plants,” the president explained.
    Putin stressed: “Provision is made for a number of substantial privileges for new enterprises located in priority development areas.” “These are 'holidays' as regards a whole lot of taxes, reduced rates of insurance premia, lightened customs regulations, including free customs zones, a special procedure for land tenure, and connection to infrastructure facilities,” the President enumerated.
    “At present, a corresponding federal law is being optimized, development institutions are being brought into being, and promising sites are being selected,” he pointed out.
    Putin said that one of them would be in Vladivostok, on the Russkiy (Russian) Island, which was the venue of the APEC summit in 2012.
    Russia expects to bring turnover in trade with China up to $200 billion by 2020, Russian President Vladimir Putin told China's leading media in an interview ahead of his visit to the People's Republic of China (PRC).

    Bilateral trade to reach $200 billion by 2020

    “In 2013, bilateral trade closely neared the $90 billion mark and this is far from limit,” Putin said. “We shall seek to raise trade flow up to $100 billion by 2015 and up to $200 billion by 2020,” the Russian President stated.
    He pointed out that at the same time work is under way to reduce the dependence of bilateral trade on external economic situation. “This is why, within the scope of refinement of trade-and-economic cooperation, emphasis will be on breakthrough sectors (and aspects), such as a rise in energy efficiency, environmental protection, the manufacture of medicinal drugs and medical equipment, the development of new information technologies, nuclear power engineering and space research,” Putin said.
    According to the president, a list of joint projects in 40 priority cooperation areas with capital investments amounting to about $20 billion is being implemented.
    Among those, Putin mentioned civil aircraft construction, in particular. “An understanding has been reached on a co-development of a wide-bodied long-haul aircraft and it is planned to develop a heavy-duty helicopter,” he recalled.
    “I am confident that our companies are in a position to make competitive products and deliver them to world markets,” the president said.
    It is also planned, the president said, to develop investment cooperation, “the scope of which so far, obviously, does not coincide with the real resources and requirements of our countries”.
    “We see a lot of promising areas for investment: various branches of engineering, the processing of farm produce, the mining of economic minerals, and the development of energy transportation infrastructure,” he said.
    Putin also called for stepping up financial cooperation so as to “protect ourselves from fluctuations of rates of the world’s major currencies”. “Therefore, ways of boosting mutual settlements in national currencies are being developed,” the president said.
    He is convinced that “in the light of the turbulence of the world economy, the strengthening of mutually beneficial trade-and-economic contacts and the increase in investment flows between Russia and China acquire colossal importance”.
    “This is a factor of significance not only in the socio-economic development of our two countries, but also a contribution to stabilizing the entire global market,” Putin stressed.
    A Kremlin official announced earlier that Vladimir Putin would visit China from May 20 to 21 for talks with Chinese President Xi Jinping and participation in the 4th summit of the Conference on Interaction and Confidence-Building Measures in Asia.

    Putin’s visit to China will make considerable contribution to bilateral relations — FM


    Russia-China agreements on export of gas are in a high degree of preparedness


     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://www.bbc.com/news/world-us-canada-27477601

    19 May 2014 Last updated at 23:36 ET

    China denounces US cyber-theft charges


    The FBI issued a "Wanted" poster for the five army officers


    China has denounced charges brought by the US against five army officers accused of economic cyber-espionage.
    Beijing said it had "never engaged or participated" in cyber theft and that the charges would damage co-operation between the two countries.
    China summoned the US ambassador to Beijing over the incident, the state news agency Xinhua reports.
    US prosecutors say the officers stole trade secrets and internal documents from five companies and a labour union.
    But the Chinese foreign ministry urged Washington to "immediately correct its mistakes" and withdraw the charges.
    Spokesman Qin Gang, quoted by Xinhua news agency, said the charges were "purely ungrounded and with ulterior purpose".
    He said China had decided to suspend activities of the China-US Cyber Working Group. The group was set up in April.
    "Given the lack of sincerity on the part of the US to solve issues related to cyber security through dialogue and co-operation, China has decided to suspend activities of the China-US Cyber Working Group," Mr Qin said.
    China has always insisted that it is itself a victim of cyber theft, wiretapping and surveillance activities by the US.
    Mr Qin added: "We once again strongly urge the US side to make a clear explanation of what it has done and immediately stop such kind of activities."
    Chinese Assistant Foreign Minister Zheng Zeguang lodged a "solemn representation" with US ambassador Max Baucus on Monday night, Xinhua reported.
    Steel targets US Attorney General Eric Holder said a grand jury had laid hacking charges against the Chinese nationals, the first against "known state actors for infiltrating US commercial targets by cyber means".

    China always insists it is a victim of hacking, not a perpetrator. And when US intelligence contractor Edward Snowden appeared in Hong Kong a year ago with evidence of US hacking into Chinese networks, Beijing felt vindicated.
    The US acknowledges that it conducts espionage but says unlike China it does not spy on foreign companies and pass what it finds to its own companies.
    Beijing typically shrugs this off as a smear motivated by those who find its growing technological might hard to bear. But to see five named officers of the People's Liberation Army indicted by a US grand jury is not something that can be brushed aside so easily. China has already announced the suspension of co-operation with the US on an internet working group. And once it has had time to digest this loss of face, it is likely to consider more serious retaliation.

    He identified the alleged victims as Westinghouse Electric, US Steel, Alcoa Inc, Allegheny Technologies, SolarWorld and the US Steelworkers Union.
    "The alleged hacking appears to have been conducted for no reason other than to advantage state-owned companies and other interests in China, at the expense of businesses here in the United States," Mr Holder said.
    In the indictment brought in the western district of Pennsylvania - the heart of the US steel industry - the US named Wang Dong, Sun Kailiang, Wen Xinyu, Huang Zhenyu, and Gu Chunhui, all officers in Unit 61398 of the Chinese People's Liberation Army (PLA), as the alleged conspirators.
    FBI officials said the hacking in the years 2006-14 caused "significant losses" at the companies and that there were likely many more victims.
    John Carlin, head of the justice department's national security division, said, "While the men and women of our American businesses spent their business days innovating, creating, and developing strategies to compete in the global marketplace, these members of unit 61398 spent their business days in Shanghai stealing the fruits of our labour."

    It's no coincidence that four of the six groups named in the prosecution are in the metal industry, business figures say.
    "Trade enforcement is always mainly a steel story - it's the only big American manufacturer that uses the trade law system effectively," says Alan Tonelson of the US Business and Industry Educational Foundation.
    He says the indictments are symbolic - and may also be an attempt to mollify a US steel industry at odds with the Obama administration over proposed international trade deals. Talks for the TTIP pact between the US and EU resumed on Monday.
    "Clearly we're not going to have US Justice Department officials marching into the PLA's [People's Liberation Army's] headquarters to arrest the indicted personnel," he says.
    Michael Wessel, the commissioner of the US-China Economic and Security Review Commission, said the case "sends a message that the US is going to actively protect its own interests and make sure that China plays by the rules."

    For example, Mr Carlin said that as SolarWorld, a maker of solar panels and accessories, was rapidly losing market share to cheaply priced Chinese competitors, the hackers were stealing documents on pricing strategy from them.
    While Westinghouse was negotiating a deal with a Chinese state-owned firm to build nuclear power plants, Unit 61398 stole secret designs for plant components, he said.
    "In the past, when we brought concerns such as these to Chinese government officials, they responded by publicly challenging us to provide hard evidence of their hacking that could stand up in court," Mr Carlin said.
    Last year, cyber-defence company Mandiant published a report on a Chinese military unit the firm said was behind the vast majority of significant attacks on American federal agencies and companies.
    FBI officials said the hacking between 2006-14 caused "significant losses" at the companies and that there were likely to be many more victims.
    In March, Defence Secretary Chuck Hagel said the Pentagon planned to more than triple its cyber-security capabilities in the next few years to defend against such internet attacks.
    US President Barack Obama has called cyber attacks a "real threat" to US security and its economy.
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://www.nytimes.com/2014/05/20/us/us-treads-fine-line-in-fighting-chinese-espionage.html?_r=0

    With Spy Charges, U.S. Draws a Line That Few Others Recognize

    WASHINGTON — By indicting members of the People’s Liberation Army’s most famous cyberwarfare operation — called Unit 61398 but known among hackers as the “Comment Crew” — the Obama administration has turned to the criminal justice system to reinforce its argument that there is a major difference between spying for national security purposes, something the United States does daily, and the commercial, for-profit espionage carried out by China’s military.
    The Chinese argue that the distinction is an American artifact, devised for commercial advantage. They believe that looking for business secrets is part of the fabric of national security, especially for a rising economic powerhouse. And while American officials are loath to admit it, Washington’s view has relatively few advocates around the world. The French, for example, were notorious for conducting state-backed corporate espionage long before the Chinese mastered the form. And if they choose, Chinese leaders has ample opportunity to retaliate by making life even harder for American companies.
    Attorney General Eric H. Holder Jr. repeated the we-don’t-spy-for-corporate-America argument Monday morning as he unsealed an indictment that included allegations that Unit 61398 had stolen trade secrets for nuclear power plants that would save Chinese firms years of design work, as well as information from inside an American solar energy company that was pursuing a trade complaint against its Chinese competitors.
    “The alleged hacking appears to have been conducted for no reason other than to advantage state-owned companies and other interests in China, at the expense of businesses here in the United States,” Mr. Holder said. “This is a tactic that the U.S. government categorically denounces. As President Obama has said on numerous occasions, we do not collect intelligence to provide a competitive advantage to U.S. companies, or U.S. commercial sectors.”
    There is little doubt, based on the evidence published last year, that the Comment Crew’s targets include companies that compete directly with state-owned Chinese enterprises that fund the People’s Liberation Army and often line the pockets of its leaders. But they are hardly the only targets of Chinese espionage: The office of the secretary of defense, the firms building the new Joint Strike Fighter, the Council on Foreign Relations, the Aspen Institute and The New York Times have all been targets of Chinese hacking units, for different reasons.
    Continue reading the main story
    But the United States is limited in the complaints it can make because it has targeted similar institutions in China — for equally murky reasons. So when Mr. Obama raised the issue with Xi Jinping, the Chinese president, he focused only on commercial espionage, arguing it is far more pernicious to use the intelligence instruments of the state for a business advantage. The United States may do all it can to learn about China’s nuclear arsenal, or Beijing’s intentions in its territorial disputes with Japan, but it does not, he says, steal from China Telecom to help AT&T.
    Prosecutors focused on the most clear-cut commercial cases, perhaps because the United States believes the cases will bolster the president’s central argument, that there is something sacred about intellectual property.
    “This is not something they pulled out of their back pocket,” said Kevin Mandia, whose company, the Mandiant division of FireEye, compiled the first public report about Unit 61398 last year. “This was a logical escalation of the pressure.”
    But it was also an effort to regain the high ground the United States lost last year after the revelations made by Edward J. Snowden, the former National Security Agency contractor. The documents he revealed suggested that the clear line Mr. Obama talks about when discussing Chinese cyberpractices is often blurry.
    Even before Mr. Snowden walked out of the Hawaii facilities of the N.S.A. with a trove of documents, it was clear that the United States was not above economic espionage, as long as it was not for the direct benefit of specific companies.
    For example, the United States spies regularly for economic advantage when the goal is to support trade talks; when the Clinton administration was locked in a high-stakes negotiation in the 1990s to reach an accord with Japan, it bugged the Japanese negotiator’s limousine. At the time, the chief beneficiaries would have been the Big Three auto companies and a smattering of parts suppliers. It is also widely believed to be using intelligence in support of trade negotiations underway with European and Asian trading partners. But in the view of a succession of Democratic and Republican administrations, that is fair game.
    Companies can also be targets. Documents released by Mr. Snowden showed that the American government pried deep into the servers of Huawei, one of China’s most successful Internet and communications companies. The documents made clear that the N.S.A. was seeking to learn whether the company was a front for the People’s Liberation Army and whether it was interested in spying on American firms. But there was a second purpose: to get inside Huawei’s systems and use them to spy on countries that buy the company’s equipment.
    Huawei officials said they failed to understand how that differed meaningfully from what the United States has accused the Chinese of doing.
    But such reasoning is rejected by the intelligence community. “I welcome this indictment because it has our government rejecting the false equivalence between us and the Chinese,” said Michael V. Hayden, a former director of both the N.S.A. and the Central Intelligence Agency. “It’s a risky course of action,” he added, “but prior to this we were in stasis.”
    It is risky because the Chinese have already declared that they are shutting down, at least for now, the modest talks between the two countries on norms of behavior on the Internet.
    Those conversations were already fraught. Last month, Defense Secretary Chuck Hagel went to Beijing to argue for a new channel of communication between the United States and China on cyberstrategy. American officials had already given the Chinese an overview of American cybersecurity, emphasizing that the N.S.A. did not take what it collects and hand it to Apple or Microsoft or Google.
    The hope was that it would prompt the Chinese to give Washington a similar briefing about the People’s Liberation Army units that are believed to be behind the attacks on American corporations and government networks. So far, the Chinese have not reciprocated.
    Instead, they have denied that the P.L.A. conducts cyberoperations. When The Times published an article early last year about Unit 61398, in which it detailed some of the group’s operations, there were furious denials from Beijing. For a few weeks, the unit went quiet.
    Then it came back — operating from different servers, but often against the same American industrial targets.
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    http://usa.chinadaily.com.cn/world/2014-05/20/content_17525361.htm


    China publishes latest data of US cyber attack

    BEIJING - A spokesperson for China's State Internet Information Office on Monday published the latest data of US cyber attack, saying that China is a solid defender of cyber security.
    The US is the biggest attacker of China's cyber space, the spokesperson said, adding that the US charges of hacking against five Chinese military officers on Monday are "groundless".
    Latest data from the National Computer Network Emergency Response Technical Team Coordination Center of China (NCNERTTCC) showed that from March 19 to May 18, a total of 2,077 Trojan horse networks or botnet servers in the US directly controlled 1.18 million host computers in China.
    The NCNERTTCC found 135 host computers in the US carrying 563 phishing pages targeting Chinese websites that led to 14,000 phishing operations. In the same period, the center found 2,016 IP addresses in the US had implanted backdoors in 1,754 Chinese websites, involving 57,000 backdoor attacks.
    The US attacks, infiltrates and taps Chinese networks belonging to governments, institutions, enterprises, universities and major communication backbone networks. Those activities target Chinese leaders, ordinary citizens and anyone with a mobile phone. In the meantime, the US repeatedly accuses China of spying and hacking.
    China has repeatedly asked the US to stop, but it never makes any statement on its wiretaps, nor does it desist, not to mention make apology to the Chinese people.
    After the Prism program leaked by Edward Snowden, the United States was accused by the whole world. However, it has never made retrospection, instead, it accuses others.
    The spokesperson said the Chinese government opposes any kinds of cyber crimes, and any groundless accusations against the country.
    If the United States goes its own way, China will take countermeasures, the spokesperson said.


    China's 2013 cyber attacks quantified


    China firmly supports cyber security: Xi
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    'No Place to Hide':NSA altered web routers to spy on intl users?


    Published on May 20, 2014 The spying blame game the US plays out with China has begun a new chapter, with Washington charging five Bejing officials with hacking into American companies. The irony is though, it comes after America itself had been caught red-handed yet again, embracing online snooping. RT's Gayane Chichakyan explains how the scheme's believed to have worked.
     
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    HannaTheCrusader

    HannaTheCrusader

    Legendary Member
    Orange Room Supporter
    china is the next USA nemesis and this is why the USA will shift its focus more to Asia and far east

    also we will start hearing more about Tibetan and muslim freedom fighters and ighur rights wa bla bla bla
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    Bloomberg News


    Russia, China Sign $400 Billion Gas Deal After Decade of Talks

    May 21, 2014
    [HR][/HR]

    A Gazprom employee near a bitumen processor at the OAO Gazprom Neft oil refinery in Moscow. Photographer: Andrey Rudakov/Bloomberg

    Russia reached a $400 billion deal to supply natural gas to China through a new pipeline over 30 years, a milestone in relations between the world’s largest energy producer and the biggest consumer.
    President Vladimir Putin is turning to China to bolster Russia’s economy as relations sour with the U.S. and European Union because of the crisis in Ukraine. Today’s accord, signed after more than a decade of talks, will allow state-run gas producer OAO Gazprom (GAZP) to invest $55 billion developing giant gas fields in eastern Siberia and building the pipeline, Putin said.
    It’s an “epochal event,” Putin said in Shanghai after the contract was signed. Both countries are satisfied with the price, he said.
    Gazprom Chief Executive Officer Alexey Miller signed the deal with Zhou Jiping, chairman of China National Petroleum Corp. The agreement is for 38 billion cubic meters of gas annually over 30 years, Miller said. While he declined to give a price, he said the total value would be about $400 billion.

    Advance Payments

    China may make as much as $25 billion in advance payments under the contract to invest in the necessary infrastructure, Russian Energy Minister Alexander Novak told reporters today.
    Russia will invest $55 billion in the pipeline and the Siberian fields to feed it, Putin said, while China, responsible for a pipeline on its territory, will spend at least $20 billion, he said.
    Russia and China will start talks on a second pipeline to the west of the initial route, Miller said.
    Before Putin’s trip, Russian officials had said the gas-supply agreement was closer than it had ever been. Talks, which started more than 10 years ago, repeatedly foundered on the issue of price.
    “It’s time we reached an agreement with the Chinese on this issue,” Russian Prime Minister Dmitry Medvedev said in a Bloomberg Television interview in Moscow on May 19. “It is very likely that there will be a contract, which means long-term contracts.”
    The price should be “fair and totally comparable to the price of European supplies,” Medvedev said in the interview before Putin’s visit.
    Gazprom’s average price in Europe was $380.5 per thousand cubic meters last year. The price in today’s contract is more than $350, Interfax reported, citing a person it didn’t identify.
    “The price seems to be at the level of European exports,” Anvar Gilyazitdinov, who manages a $10 million portfolio of Russian stocks at Rye, Man & Gor Securities, said by phone from Moscow.“It’s adequate. Gazprom will be able to make money at that price.”
    To contact the reporters on this story: Elena Mazneva in Moscow at
    [email protected]; Stepan Kravchenko in Shanghai at [email protected]
    To contact the editors responsible for this story: Will Kennedy at
    [email protected] Alex Devine
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    ^^Big! Real big!
    http://www.voanews.com/content/xi-putin-promise-closer-ties-at-meeting-in-shanghai/1918247.html

    :confused:China, Russia Fail to Reach Gas Deal :wink:

    China and Russia failed to reach a $400 billion natural gas supply agreement Tuesday despite high expectations that the political interests of both countries would push them to complete the deal.:eek:

    On a visit to Shanghai, Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, signed 49 agreements on energy, transportation and communications. But they did not agree on how much China would pay Russia to supply gas over the next 30 years.
    Negotiations over a Russia-to-China gas deal have lasted a decade.
    Analysts had predicted a deal could be reached now as Russia looks to sell its gas outside Europe, where U.S. allies have imposed sanctions against Moscow for its annexation of Ukraine's Crimean peninsula. China is seeking to move from its heavy reliance on coal to fuel its economic expansion.
    The two countries still could reach a gas deal before Putin ends his two-day visit to China on Wednesday. His spokesman (Dmitry Peskov) said "significant progress" had been made and a contract could be signed "at any moment."
    Even with the setback on the gas deal, President Xi praised his country's ties with Russia, saying the relationship is key to improving each others' international stature.
    "We attach a lot of importance to the quality of practical cooperation between China and Russia," he said. "We will begin more large-scale, strategic project cooperation to improve our two nations' power and international competitiveness."
    President Putin, meanwhile, stressed the importance of strong Russia-China military links, which he said could help maintain regional peace.
    "Cooperation between the two militaries is very important. Cooperation between the defense ministries of the two countries is also very important," he said. "This cooperation is very significant in maintaining regional and global peace and stability."
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    Russian Propaganda, DA?

    http://www.voanews.com/content/xi-putin-promise-closer-ties-at-meeting-in-shanghai/1918247.html

    :confused:China, Russia Fail to Reach Gas Deal :wink:

    China and Russia failed to reach a $400 billion natural gas supply agreement Tuesday despite high expectations that the political interests of both countries would push them to complete the deal.:eek:

    "
    Historic Deal Signed! Russia, China seal $400bn gas contract


    Published on May 21, 2014 After 10 years of negotiations, Russia's Gazprom and China's CNPC have finally signed a historic gas deal which will provide the world's fastest growing economy with the natural gas it needs to keep pace for the next 30 years.
     
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    Republican

    Republican

    Legendary Member
    http://www.voanews.com/content/xi-putin-promise-closer-ties-at-meeting-in-shanghai/1918247.html

    :confused:China, Russia Fail to Reach Gas Deal :wink:

    China and Russia failed to reach a $400 billion natural gas supply agreement Tuesday despite high expectations that the political interests of both countries would push them to complete the deal.:eek:

    On a visit to Shanghai, Russian President Vladimir Putin and his Chinese counterpart, Xi Jinping, signed 49 agreements on energy, transportation and communications. But they did not agree on how much China would pay Russia to supply gas over the next 30 years.
    Negotiations over a Russia-to-China gas deal have lasted a decade.
    Analysts had predicted a deal could be reached now as Russia looks to sell its gas outside Europe, where U.S. allies have imposed sanctions against Moscow for its annexation of Ukraine's Crimean peninsula. China is seeking to move from its heavy reliance on coal to fuel its economic expansion.
    The two countries still could reach a gas deal before Putin ends his two-day visit to China on Wednesday. His spokesman (Dmitry Peskov) said "significant progress" had been made and a contract could be signed "at any moment."
    Even with the setback on the gas deal, President Xi praised his country's ties with Russia, saying the relationship is key to improving each others' international stature.
    "We attach a lot of importance to the quality of practical cooperation between China and Russia," he said. "We will begin more large-scale, strategic project cooperation to improve our two nations' power and international competitiveness."
    President Putin, meanwhile, stressed the importance of strong Russia-China military links, which he said could help maintain regional peace.
    "Cooperation between the two militaries is very important. Cooperation between the defense ministries of the two countries is also very important," he said. "This cooperation is very significant in maintaining regional and global peace and stability."
    VOA is the American version of Mustaqbal newspaper... it's in blue too lol
     
    Republican

    Republican

    Legendary Member
    Historic Deal Signed! Russia, China seal $400bn gas contract


    Published on May 21, 2014 After 10 years of negotiations, Russia's Gazprom and China's CNPC have finally signed a historic gas deal which will provide the world's fastest growing economy with the natural gas it needs to keep pace for the next 30 years.
    "...As icing on the cake, China will likely pay Russia either in rubles or in yuan for the gas it consumes. This is important, as resource transactions usually settle in U.S. dollars, the reserve currency of the world.
    The reader will have noticed that all figures have so far been given in dollars—nobody would even understand the price in yuan or rubles and would have to convert them back to dollars for reference.

    However, it is perfectly possible for China and Russia to use the world reference price in dollars to settle their trades in yuan or rubles. ..."


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    Putin is Da bomb!
     
    Last edited by a moderator:
    J. Abizeid

    J. Abizeid

    Well-Known Member
    "...As icing on the cake, China will likely pay Russia either in rubles or in yuan for the gas it consumes. This is important, as resource transactions usually settle in U.S. dollars, the reserve currency of the world.
    The reader will have noticed that all figures have so far been given in dollars—nobody would even understand the price in yuan or rubles and would have to convert them back to dollars for reference.

    However, it is perfectly possible for China and Russia to use the world reference price in dollars to settle their trades in yuan or rubles. ..."




    ***

    Putin is Da bomb!
    You read my mind!!!
    The biggest loser is the petrodollar system and this is just the beginning of the real demise of the USD…
     
    J. Abizeid

    J. Abizeid

    Well-Known Member
    Video: Russia, China sign 'gas deal of the century'

     
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