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In 2004, many overseas individuals bought houses in China, but not, in many cases, for the purpose of using the properties themselves. Rather, their purchases were clearly made in the expectation of realizing a capital gain on the property - ie, speculation. This large flow of speculative capital has exerted a substantial impact on China's real estate and .........

Citibank did not immediately return a call requesting comment ..........

ZHANJIANG, China When the flagship of the U.S. Navy's 7th Fleet came into view on a recent Monday afternoon, a Chinese naval band onshore quickly began playing as two rows of Chinese sailors snapped into formation and workers hurriedly finished tacking down a red carpet...............

Dr. Mahathir is the former Prime Minister of Malaysia. He was interviewed by Muriel Mirak-Weissbach in Cairo, Egypt on March 10. The questions were prepared in collaboration with Michael Billington. EIR: Your Excellency, thank you for this opportunity to interview you. You said this morning, at the University of Cairo, correctly and dramatically, that the U.S. dollar is bankrupt. The U.S. is heavily indebted and the dollar continues to decline in value. I know that you have proposed that Saudi Arabia, for example, should shift its dollar holdings into the gold dinar; you've also proposed that other countries shift their reserves into the euro or yen, which, in large part, is happening, particularly among Asian nations. But the problem is

CHINESE soldiers will for the first time rehearse a D-Day-style invasion of Taiwan on a densely populated island off the mainland coast this month................

You have to pull out a map for this one but it's worth it. China claims sovereignty (and oil rights) over all waters leading out to the edge of Asia's continental shelf. This then would include every square foot west of the southern third of Japan, everything west of the Korean peninsula and all the waters around Taiwan. When China chooses to enforce this claim, as is apparently happening now, it is a certainty that all hell will start to break loose in the region. This may be the reason for a US Naval exercise last year involving five aircraft carrier battle groups. It is on this shelf that small but very significant deposits of oil and gas are known to exist from northern Japan all the way south to the Spratly islands near Vietnam, the Philippines and Indonesia.

BANGALORE - When Chinese Premier Wen Jiabao visits Pakistan this month to inaugurate the Gwadar deepsea port, China will take a giant leap forward in gaining a strategic foothold in the Persian Gulf region. It will advance what a recent Pentagon report describes as Beijing's "string of pearls" strategy that aims to project Chinese power overseas and protect China's energy security at home................

The People's Republic of China is implementing an energy program which will bring online as many as to 30 new nuclear power plants over the next 15 years, and which has put China in the forefront of world research and development in nuclear science and engineering. This effort stands in stark contrast to the situation in the United States, where the Bush Administration's "pro-nuclear" energy plan is to try get one new commercial power plant built over the next decade, and to delay development of advanced reactor systems—some of which the U.S. tested decades ago—into the indefinite future...........

How? No one pursued the most obvious question, but of course you don't want state secrets

"Before, the government of the United States insisted on controlling the Malacca Strait.....

The US Navy's official Diego Garcia website said the island wasn't hit by the devastating tsunami because it is surrounded by deep waters and the grade of its shores does not allow for tsunamis to build before hitting land...........

For those who like to live life on the edge, 2004 has been a year to savour. It's been a white-knuckle ride as the global economy has defied soaring energy costs, the ever-present threat of terrorist attacks and profound imbalances between the leading players to post what the IMF called the strongest growth performance in almost three decades. There's no mystery as to the reason for this. Put simply, the world has been hauled along by the power of its two locomotives - the US and China. America's seemingly insatiable appetite for consumption and China's need for investment allowed the rest of the world to bank on export-led growth. ...........

Plus 15 more hot links to tsunami photos click on READ MORE below

Plus 15 more hot links to tsunami photos click on READ MORE below

JAKARTA, Indonesia - The world’s most powerful earthquake in 40 years triggered massive tidal waves that slammed into villages and seaside resorts across Asia on Sunday, killing more than 7,000 people in six countries..........

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