| Dramatic video: Giant sinkhole swallows house in China Posted: 30 Jan 2013 12:02 AM PST | Two buildings in the southern Chinese city of Guangzhou vanished into a sinkhole on Monday, but authorities filled in the hole in less than 24 hours, China's state broadcaster CCTV reported. No one was hurt in the collapse because the people who lived in the buildings had moved out. The sinkhole appeared on Monday, causing a three-storey building to collapse. More subsidence occurred later that evening, leading to the collapse of another three-storey building. RT LIVE rt.com Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark. | Views: 42367 232 ratings | | Time: 00:45 | More in News & Politics |
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| China, The World's Largest Money Printing Machine? Posted: 29 Jan 2013 07:51 PM PST | Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com According to Chinese media, as of the end of 2012, global new money supply surpassed RMB26 trillion, with China accounting for nearly half of it. China's M2 has reached 100 trillion, the highest in the world, and set a record high again on the ratio of currency and GDP. What is the reason for the proliferation of Chinese currency? 21st Century Network data show that since 2009, money supply of China's central bank has surpassed that of Japan, US, and the Eurozone. China has become the world's largest money printing machine. World's new money supply in 2012 was over RMB26 trillion, and nearly half of it was from China. In addition, China's central bank data shows that at the end of 2012, the balance of China's money supply (M2) reached RMB97.42 trillion, the highest in the world. This was nearly a quarter of the total global money supply, 1.5 times of the US supply, and surpassing that of the Eurozone and UK combined. Professor Xie Tian from the University of South Carolina' Aiken Business School commented on the issue. Prof. Xie said, the Chinese Communist Party (CCP) does not resist inflation, facing its regime crisis. It continues to issue money to maintain the abnormal growth of the economy, leading to greater inflation. Prof. Xie: "From the perspective of maintaining power and safeguarding stability, the dangers from the unemployed is more direct, more prominent and more obvious than inflation. So <b>...</b> | Views: 50 3 ratings | | Time: 04:30 | More in News & Politics |
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| Implementing Chinese Constitution Only A Dream? Posted: 29 Jan 2013 07:48 PM PST | Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com "No.01 Confidential Notice in 2013" was issued by Shangdong Public Security Office. This says that members of underground cult group such as Jasmine revolution organization and the illegally outlawed spiritual group of Falun Gong Practitioners can be arrested and detained prior to procedure, paperwork and trials. These can follow up afterwards. Their behavior severely violated constitutional law. It is a stick warning to the public who still hope the Chinese Communist Party (CCP) implements a justice law system. An anonymous person disclosed this confidential document. He said, "In order to prevent more people from being persecuted, I follow my conscience in revealing this document." This document ordered police to arrest and detain first, go through formalities afterwards. This No.1 Confidential Notice also states for those active participants of these three organizations overseas, their phone calls, emails and letters should be monitored. If their relatives concealed or made false reports, they can be placed under administrative detention. Guangzhou rights lawyer Tang Jingling believe that in reality, this document convicts without trial, and it is illegal. Tang Jingling: "Maybe when some enlightened people see this document, they will realize its illegal nature. Besides, if they do not disclose these illegal documents which force them to commit crimes, they may face greater pressures. After these <b>...</b> | Views: 17 0 ratings | | Time: 04:26 | More in News & Politics |
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| Higher-Ranking Officials Involved in Sex Video Scandal Still to be Revealed Posted: 29 Jan 2013 07:44 PM PST | Follow us on TWITTER: twitter.com Like us on FACEBOOK: www.facebook.com Ten Chongqing official were fired for being involved in sex video scandals. Zhu Ruifeng, a reporter for Jdwsy.com, an unofficial watchdog website, was the first one to expose the sex video scandal. He says that more senior officials are still out there. Recently, Zhu Ruifeng was interrogated by Chongqing police for nearly seven hours. On January 28th around 6pm, Zhu Ruifeng left the police station. Later he said in his micro-blog, "I was interrogated by Chongqing police for over six hours. They insisted on getting evidences from me that involves Chongqing officials and information about my informant. I told them I'll protect the informant even going to jail." On January 27th five police went to Zhu Ruifeng's home at 7pm, they claimed they just wanted to talk with him. Zhu, felt it was suspicious and refused to open the door. Around 9pm, an NTD journalist telephoned Zhu Ruifeng, and was told the police have left. However he was required him to go to the police station the next morning. At 11am on January 28th Zhu Ruifeng, accompanied by his lawyers, went to the police station. The interrogators included police officers from Beijing and Chongqing. During almost seven hours of questioning, crowds of media reporters and netizens waited outside. Zhu Ruifeng says that the police asked him to be a witness, testifying in the blackmail case of Xiao Ye. Xiao Ye, Chongqing businessman, secretly shot sex videos <b>...</b> | Views: 17 0 ratings | | Time: 04:35 | More in News & Politics |
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