• Citing the Pentagon’s latest report on China’s military developments, Jonathan Ward from advisory firm Atlas Organization said China’s ground troops, as well as its navy, air and missile forces, were among some of the largest in the world. 
  • Ward also pointed out that Chinese President Xi Jinping has made clear his country’s goal of building a strong army that can fight and win wars. He was speaking at the inaugural Jefferies Asia Forum.
  • “China is converting its economic growth into military power, and I think here is the true dilemma for those that seek to invest in China. It’s understanding precisely what you are investing in, what is going on here,” he said.



a person wearing a military uniform: A PLA Navy fleet including the aircraft carrier Liaoning, submarines, vessels and fighter jets take part in a review in the South China Sea on April 12, 2018.


© Provided by CNBC
A PLA Navy fleet including the aircraft carrier Liaoning, submarines, vessels and fighter jets take part in a review in the South China Sea on April 12, 2018.

As China grows in its

Read More

Reuters
Reuters

LONDON (Reuters Breakingviews) – Preparing for the worst is a tricky way to shore up confidence. But that is the balancing act Unibail-Rodamco-Westfield attempted on Wednesday with a plan to raise 3.5 billion euros from investors and 4 billion euros by selling assets. The self-bailout should help the owner of shopping malls protect its credit rating. But it requires buyers and shareholders to take a more optimistic view.

The so called “reset plan” is about keeping debt costs down. Ever since Unibail-Rodamco bought Australia’s Westfield in 2018, it’s grappled with a debt pile which topped 24 billion euros at the end of June. Chief Executive Christophe Cuvillier reckons the latest deleveraging, combined with further cost-cutting and paying dividends in stock, will reduce debt to around 30% of assets. That’s down from 41% in June and a long way from the 60% that would trigger debt covenants.

A safety

Read More

For eight years, Prime Minister Shinzo Abe has been looking for ways around Japans pacifist constitution to bolster the country’s military. In his last full week on the job, he laid the groundwork for a plan to allow preemptive strikes on enemy bases.

Abe’s statement on missile defence Friday leaves a big piece of unfinished business for his top aide and likely successor, Yoshihide Suga. While few expect the long-time chief cabinet secretary to share Abe’s zeal for amending the constitution, hell be confronted with the same dilemma of how to counter growing threats from China and North Korea — and the same security demands from Japan’s sole ally, the United States (US)

Abe called for alternatives to defend against ballistic missiles, saying that new policies should be decided by the end of the year. He offered vague language on whether that meant strike capability, but added the plan must

Read More

  • “Due Date” and “Love, Guaranteed” were some of Netflix’s most popular movies this week. 
  • Netflix introduced daily top lists of the most popular titles on the streaming service in February.
  • Streaming search engine Reelgood keeps track of the lists and provides Business Insider with a rundown of the week’s most popular movies on Netflix every Friday.
  • Visit Business Insider’s homepage for more stories.

“Due Date,” the 2010 comedy from “The Hangover” and “Joker” director Todd Phillips, climbed up Netflix’s popularity rankings this week. 

But the list also includes a large amount of new Netflix originals, from the critically acclaimed documentary “Social Dilemma” to the horror movie “#Alive.”

Netflix introduced daily top 10 lists of its most viewed movies and TV shows in February (it counts a view if an account watches at least two minutes of a title).

Every week, the streaming search engine Reelgood compiles for Business Insider a

Read More

Right now, the Federal Reserve System and the European Central Bank have a dilemma.

Last week the value of the Euro reached $1.2000 for a short time, although the price dropped off to $1.1842 at the close of the week.

The general market feeling is that, if anything, the price of the Euro should rise further.

But, this thought is bringing pressure on Christine Lagarde, the ECB president, to “talk down” the Euro so that the currency does not become too strong and hurt the economy of the European Union and possibly hold down inflation.

Yet, to some, to do this also carries risks.

Stephen Gallo, European head of FX strategy at BMO, has argued,

But at the same time she has to be careful. If they fire that bullet and it only has limited impact, that could be even worse.”

The value of the Euro could grow even stronger.

Read More