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THE KINGS OF THE EAST



China could play key role in EU rescue


The Financial Times reports: “China is very likely to contribute to the Eurozone’s bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times.

Any Chinese support would depend on contributions from other countries and Beijing must be given strong guarantees on the safety of its investment, according to Li Daokui, an academic member of China’s central bank monetary policy committee, and Yu Yongding, a former member of that committee.

Financial markets reacted with relief hours after a European deal was agreed at a summit aimed at calming the two-year-long sovereign debt crisis. The plan includes recapitalising European banks, making them accept a loss of 50 per cent on their holdings of Greek debt and boosting the firepower of the rescue fund, known as the European Financial Stability Facility…” (Revelation 16:12; Revelation 9:14 – 18. See also the next report.)


China suspect in U.S. satellite interference

SpaceDaily.com reports: “NASA satellites were interfered with four separate times in 2007 and 2008, possibly by the Chinese military, according to a draft of an upcoming report for the US Congress.

The latest draft of the report by the US-China Economic and Security Review Commission said the computer hackers behind the interference gained the ability to issue commands to one of the satellites on two occasions.

The targeted satellites are used for observation of the earth’s climate and terrain, according to the report to be submitted to Congress on November 16. A copy of the latest draft of the report was obtained by AFP.

It said the account of the interference with the satellites came from a May 2011 briefing for the Commission by the US Air Force…”



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