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Lou

Lou has written 3 posts for China Daily Mail

China preparing for drone warfare


China’s military plans to produce nearly 42,000 land-based and sea-based unmanned weapons and sensor platforms as part of its continuing, large-scale military buildup, the Pentagon’s annual report on the People’s Liberation Army (PLA) disclosed Friday. China currently operates several armed and unarmed drone aircraft and is developing long-range range unmanned aerial vehicles (UAVs) for both … Continue reading

China’s SWIFT alternative (CIPS) and the engineered death of the dollar


Forget all the nonsense and hoopla about the Apple Watch or the GM stock buy-back. Far and away the most important economic story of the week is one you won’t find on the front page of Bloomberg or MarketWatch. New reports indicate that China is ready to launch its SWIFT alternative, and for those who … Continue reading

The astounding rise of China’s currency


I sometimes wonder how the Communist revolutionary leader Mao Zedong, who warned against taking “the capitalist road,” would feel about his face on all those Chinese bills being traded around the world these days. As of this week, the renminbi is being traded in a major way in Canada as well, after Finance Minister Joe Oliver opened North America’s first Chinese … Continue reading

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