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Ivan Martchev’s 2018 predictions: Gold will sink, and the dollar will rally

“Read: How palladium and lumber defied the 2017 commodity slump Why did the dollar decline in 2017?” writes Ivan Martchev for marketwatch.com. I think a decline in gold to below $1,000 is likely to happen if my dollar forecast for 2018 works out.Bigger mountains of debt cannot produce an accelerating economy in China, which is a sign of a busted credit bubble (see chart).Thinking that gold will decline in 2018 is derived directly from the expectation that I think the dollar is likely to rally in 2018, which I believe…

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Can Huawei, Xiaomi Compete With Apple In US After New Carrier Agreements?

“Apple iPhones could see competition from Chinese smartphone makers Huawei and Xiaomi in its home market, according to a Bloomberg report” reports ibtimes.com. A previous report by The Information had said AT&T has tentatively agreed to sell a Huawei smartphone in the U.S. next year. The Chinese smartphone maker could reportedly release a high-end model similar to the Mate 10.Huawei had a 19.4 percent market share in China in Q3 2017, while Xiaomi had a 13.7 percent market share, according to an IDC report. Source: ibtimes.com Share This:

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Britain’s finance minister in China to promote trade

“Total two-way British-Chinese trade in goods last year was $49.1 billion, according to Chinese trade data” reports foxbusiness.com. They say they want closer cooperation in finance, clean energy, nuclear power and other fields.”If the impact of Brexit lasts for a long time, it may bring about negative effects on China’s investment and acquisitions in the country,” said Wang.British leaders are looking to China for trade and investment as they try to fashion a new global role and offset reduced access to the European common market.Britain’s finance minister told the Chinese…

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Alibaba’s latest bet shows transportation is the next battleground for China’s tech giants

“Chinese e-commerce giant Alibaba has invested in an electric car start-up as the transportation sector emerges as the latest battleground for China’s technology giants” writes unknown author for cnbc.com. Both Tencent and Baidu have also invested in Chinese electric vehicle start-up Nio, while Baidu has backed WM Motor Technology, another electric vehicle start-up on the mainland, Reuters reported.The Hangzhou-based technology company confirmed on Friday that it had invested in Chinese electric car start-up Guangzhou Xiaopeng Motors Technology, although it did not disclose the amount of that investment. Source: cnbc.com Share This:

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China threatened to go to war if the US Navy visits Taiwan, and Trump just signed a bill saying it might

“On Tuesday, Trump signed into law the National Defense Authorization Act for the 2018 fiscal year, which authorizes the possibility of mutual visits by navy vessels between Taiwan and the United States” writes Michael Martina for businessinsider.com. The United States is bound by law to provide the island with the means to defend itself.Tensions have risen in recent days after a senior Chinese diplomat threatened China would invade Taiwan if any U.S. warships made port visits to the island which China claims as its own territory. Source: businessinsider.com Share This:

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Google is opening an artificial intelligence center in China

“Besides publishing its own work, the Google AI China Center will also support the AI research community by funding and sponsoring AI conferences and workshops, and working closely with the vibrant Chinese AI research community,” Li said” writes Sherisse Pham for cnn.com. Russian President Vladimir Putin predicted in September that whoever becomes the leader in artificial intelligence “will become the ruler of the world.”. Its artificial intelligence unit DeepMind teamed up with Chinese authorities to hold a five-day festival in the country earlier this year.The Chinese government is aggressively using…

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Google to Open Beijing AI Center in Latest Expansion in China

“But the company says the AI center is more focused on attracting top-notch researchers coming out of China, rather than data” writes David Ramli for bloomberg.com. Artificial intelligence applications like image recognition only become accurate and useful once they are fed with huge reams of detailed user data.Without a strong Chinese user base, Google doesn’t have data that goes that deep on people in the country. Source: bloomberg.com Share This:

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Chinese Bank Lending Hits Record On Corporate Finance Demand

“While demand for corporate lending has increased, analysts are also increasingly worried about rising bad corporate debt levels in China” reports pymnts.com. That figure surpassed analysts’ expectations, especially considering China’s efforts to reduce risk tied to a surge in corporate debt.Demand for corporate finance helped propel China’s banks to new lending records in November, according to news from Reuters on Monday (Dec. 11).Chinese banks provided $169.27 billion in new loans during the month, the publication said, citing data from the People’s Bank of China. Source: pymnts.com Share This:

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Did air pollution cause a deadly Chinese landslide?

“Acidic water reached the shale layer by percolating through the overlying limestone, the researchers suggest, aided by cracks created by mining operations” writes Laura G for sciencemag.org. The acid rain supplied extra oxygen and nutrients, including nitrogen, potassium, and sulfur, which could have fertilized microorganisms living inside the shale. Source: sciencemag.org Share This:

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Amazon expands its cloud presence in China as it battles the country’s internet giants

“Amazon expanded its cloud footprint in China Tuesday in one of the fastest-growing but most competitive markets in the world” writes unknown author for cnbc.com. Through the relationships with these Chinese firms, Amazon is able to get its cloud products into China.The Seattle, WA-based firm already has a cloud footprint in Beijing thanks to its partnership with Sinnet.Last month, Amazon sold parts of its cloud business in China for up to 2 billion Chinese yuan ($301 million) to its partner Sinnet. Source: cnbc.com Share This:

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