Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on August 29, 2017

Bookmark and Share

China says North Korea tensions reached ‘tipping point’

China says North Korea tensions reached ‘tipping point’ thumbnail

BEIJING: China warned that tensions on the Korean peninsula have reached “tipping point” after North Korea Tuesday (Aug 29) fired a ballistic missile over Japan, but said the United States and South Korea are partly to blame.

Foreign ministry spokeswoman Hua Chunying urged all sides to avoid provocations and repeated Beijing’s call for the North to suspend missile tests in return for a halt to US-South Korean military exercises.

The situation is “now at a tipping point approaching a crisis. At the same time there is an opportunity to reopen peace talks,” Hua told a regular news briefing.

“We hope relevant parties can consider how we can de-escalate the situation on the peninsula and realise peace and stability on the peninsula,” she added.

Sirens blared out early Tuesday and text messages were fired off across the north of Japan, warning people in the missile’s flightpath to take cover.

Seoul and Washington last week began annual war games which China opposes and are viewed by nuclear-armed Pyongyang as a highly provocative rehearsal for invasion. The North always meets them with threats of strong military counteraction.

Hua said the United States and South Korea “held one round after another of joint military exercises and they exerted military pressure on the DPRK (North Korea)”.

“After so many rounds and vicious cycles, do they feel they are nearer to peaceful settlement of the issue?

“The facts have proven that pressure and sanctions cannot fundamentally solve the issue,” she said, referring to UN sanctions imposed against North Korea.

China has backed the sanctions but also called for peace talks.

channel news asia



16 Comments on "China says North Korea tensions reached ‘tipping point’"

  1. deadlykillerbeaz on Tue, 29th Aug 2017 6:41 am 

    I’ll bet North Korea is the best place to be anywhere on this godforsaken planet.

    Who would turn down a free trip and an extended vacation to North Korea?

    It could end up an unexpected extension of the vacation and a brainless state of mind, but it is a once in a lifetime opportunity.

    An experience not soon to be forgotten.

    The joys of being human drives you to drink. What a relief.

  2. paultard on Tue, 29th Aug 2017 6:58 am 

    this is just a distraction from russian interference

  3. Davy on Tue, 29th Aug 2017 7:05 am 

    “Nomura: “Probability Of North Korean War Breaking Out Is 35%”
    http://tinyurl.com/y99977pd

    “More apropos to what is bother markets this morning, Kwon writes that “although it is hard to predict”, three early warning signals may suggest imminent U.S. military action:
    U.S. orders for evacuation of U.S. citizens in S.Korea
    U.S. military builds up large scale force near the Korean peninsula
    U.S. elevates defense readiness condition to level 3 from level 4”

  4. Cloggie on Tue, 29th Aug 2017 9:12 am 

    Trump defies swamp and reiterates what he had said during the campaign, namely that he wants to “get along” with Russia:

    https://www.rt.com/usa/401239-us-russia-relations-trump/

    Good man.

    http://edition.cnn.com/2017/08/29/middleeast/raqqa-drone-footage-syria/index.html

    Brand-new pictures of a destroyed Raqqa. “Moderate insurgents”, aided by the US airforce, combat ISIS.

  5. joe on Tue, 29th Aug 2017 9:58 am 

    What does Nth Korea want? A peace treaty? Normalised relationship will topple the regime there. They have nukes and nothing to lose. Its a mild version of what Iran will do when it gets them. I’d rather be dead than live in a world ruled by Isis, Iran and Nth Korea threats. Live free or die America, time to decide.

  6. GregT on Tue, 29th Aug 2017 10:23 am 

    “U.S. military builds up large scale force near the Korean peninsula”
    “U.S. elevates defense readiness condition to level 3 from level 4”

    Anyone else notice the obvious disparity between the two statements above?

  7. MASTERMIND on Tue, 29th Aug 2017 10:25 am 

    Conventional Oil Peaked in 2006 –IEA-EIA-NATURE

    http://imgur.com/a/uCz7V

    https://www.scientificamerican.com/article/has-peak-oil-already-happened/

    New Oil discoveries by scientists have been declining since 1965 and last year was the lowest in history –IEA

    http://imgur.com/a/W60yn

    We have been draining our oil reserves by consuming more oil than we discover since the 1980’s – ASPO

    http://imgur.com/a/uJ0Rg

    Aging giant oil fields produce more than half of global oil supply and are already declining as group – CSM-HOOK 2009

    https://www.csmonitor.com/Environment/Energy-Voices/2013/0412/The-decline-of-the-world-s-major-oil-fields

    Saudi Arabian oil reserves are overstated by 40% – Wikileaks

    https://www.theguardian.com/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

    International Energy Agency Chief warns of world oil shortages by 2020 as discoveries fall to record lows

    https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000

    UAE warns of world oil shortages ahead by 2020 due to industry spending cuts

    http://www.arabianindustry.com/oil-gas/news/2016/nov/6/more-spending-cuts-as-uae-predicts-oil-shortages-5531344/

    Saudi Aramco CEO believes world oil shortage coming despite U.S. shale boom

    http://www.foxbusiness.com/markets/2017/07/10/saudi-aramco-ceo-believes-oil-shortage-coming-despite-u-s-shale-boom.html

    Halliburton CEO says oil will spike due to shortages by 2020 after $2 Trillion in Industry Cuts
    https://www.bloomberg.com/news/articles/2017-07-12/halliburton-sees-2020-oil-spike-after-industry-cuts-2-trillion
    Total CEO warns we are going to have oil shortages around 2020 due to lack of investment
    http://www.boursorama.com/actualites/je-suis-convaincu-qu-on-va-manquer-de-petrole-selon-le-pdg-de-total-patrick-pouyanne-9b2d911a65572f5f989a74319b68d296
    Chevron CEO warns US shale oil alone cannot meet the world’s growing demand for crude
    https://www.cnbc.com/2017/05/01/us-shale-cannot-meet-the-worlds-growing-oil-demand-chevron-ceo-warns.html

    HSBC Global Bank warns 80% of the worlds conventional fields are declining and world oil shortages by 2020

    https://www.research.hsbc.com/R/24/vzchQwb

    UBS Global Bank warns of industry slowdown and world Oil Shortages by 2020

    http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/12136886/Oil-slowdown-to-trigger-supply-crisis-by-2020-warns-bank.html

    Wood Mackenzie warns of oil supply crunch and world oil shortages around 2020

    http://oilprice.com/Energy/Crude-Oil/The-Next-Oil-Price-Spike-May-Cripple-The-Industry.html

    MarketWatch :Why investors’ should brace for a devastating oil shortage ahead around 2020

    http://www.marketwatch.com/story/why-investors-should-brace-for-a-devastating-oil-shock-ahead-2017-07-03

    German Government (leaked) Peak Oil study concludes: oil is used directly or indirectly in the production of 90% of all industrial goods, so a shortage of oil would collapse the world economy & world governments/democracies

    http://www.spiegel.de/international/germany/peak-oil-and-the-german-government-military-study-warns-of-a-potentially-drastic-oil-crisis-a-715138.html

    We can run from Malthus but we can’t hide, and in the end he’s bound to get us.

  8. Jerome Purtzer on Tue, 29th Aug 2017 10:32 am 

    The Donald has just appointed Dennis Rodman to conduct the “Vodka Protocol” high level negotiations with the Precious Leader. The Trump brand of Vodka will be brought back from Chapter 7 to lead the way.

  9. GregT on Tue, 29th Aug 2017 10:57 am 

    Meanwhile, back at the ranch……

    With the debt ceiling, President Trump is playing with fire

    “The most recent estimates suggest Congress has until early October to take action before the government literally runs out of money. It’s called the “X” date, and it could occur as early as Oct. 2, according to the Bipartisan Policy Centre.”

    https://tinyurl.com/ydal36qx

    Tick tock.

  10. Davy on Tue, 29th Aug 2017 12:04 pm 

    Tick tock too grehg

    “China’s Minsky Moment Is Imminent”
    http://www.zerohedge.com/news/2017-08-06/chinas-minsky-moment-imminent

    “Crescat Capital’s Q2 letter to investors shouold be retitled “everything you wanted to know
    about the looming bursting of the world’s biggest credit bubble… but were afraid to
    ask…” Don’t say we didn’t warn you…
    History has proven that credit bubbles always burst. China by far is the biggest credit bubble
    in the world today. We layout the proof herein. There are many indicators signaling that the
    bursting of the China credit bubble is imminent, which we also enumerate. The bursting of the
    China credit bubble poses tremendous risk of global contagion because it coincides with record
    valuations for equities, real estate, and risky credit around the world.
    The Bank for International Settlements (BIS) has identified an important warning signal to
    identify credit bubbles that are poised to trigger a banking crisis across different countries:
    Unsustainable credit growth relative to gross domestic product (GDP) in the household and (nonfinancial)
    corporate sector.”

    “Three large (G-20) countries are flashing warning signals today for
    impending banking crises based on such imbalances: China, Canada, and Australia.”

  11. GregT on Tue, 29th Aug 2017 12:22 pm 

    The article that I linked is from The Washington Post Davy. Anti-American enough for ya? LOL. 🙂

  12. MASTERMIND on Tue, 29th Aug 2017 2:21 pm 

    The 1973 so-called “oil embargo” which reduced oil supply to the USA by somewhere around 3% or 4%. It slammed the US economy, caused the largest stock market crash since the great depression, doubled gasoline prices, severely damaged US industry and caused a 55 MPH national speed limit which remained in effect for ten years. The government also put restrictions on how much gasoline you could purchase. There were fist fights and even a couple murders between the public at gas stations. Just wait until we experience a 10% or 20% drop in oil supplies. In a few years or sooner we certainly will. When it hits the economic and social damage will be catastrophic. The end of Western Civilization, from China to Europe, to the US, will not occur when oil runs out. The economic and social chaos will occur when supplies are merely reduced sufficiently.

  13. MrEnergyCzar on Tue, 29th Aug 2017 5:04 pm 

    Why doesn’t China stop selling them oil? What am I missing?

  14. Anonymouse1 on Tue, 29th Aug 2017 7:04 pm 

    Not going to happen, so your question is moot czar. Economic strangulation and embargoes are an *amerikan* terror and harassment tactic. The civilized and sensible nations of the world do not necessarily subscribe to the immoral and illegal embargo tactics like you are hoping for….

  15. sidzepp on Wed, 30th Aug 2017 5:33 am 

    The mongers of war keep on marching.
    http://www.msn.com/en-us/news/world/russia-fears-new-us-bomb-ups-risk-of-nuclear-strike/ar-AAqWLjX?ocid=spartandhp

  16. Kenz300 on Thu, 31st Aug 2017 11:35 am 

    China can do more.

    They need to do it soon.

Leave a Reply

Your email address will not be published. Required fields are marked *