Turkish President Recep Tayyip Erdogan said his country was moving towards allowing trade with Russia, China and Iran to be conducted in local currencies, as he continues his efforts to strengthen the falling lira.

“If we buy something from them, we will use their money, if they buy something from us, they will use our currency,” he said, ahead of a trip by Turkish Prime Minister Binali Yildirim to Russia for meetings on Tuesday.

Read the Full Article: Source – Yahoo News
Time For Truth: (Yahoo News) – Erdogan wants trade with Russia, China in local currencies

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China has punished more than one million officials for corruption over the past three years, the government says.

Another 409 people, said to be fugitives, have been detained overseas this year.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – 'One million' Chinese officials punished for corruption

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A purchase of the producer of the Golden Globes would mark an expansion of Wanda’s stated plan to enter the U.S. entertainment market in a big way.

Last month, China’s richest man went public with his goal of sealing at least two $1 billion deals for Hollywood companies this year. Looks like he wasn’t kidding.

Dalian Wanda Group, run by the outspoken Wang Jianlin, has held preliminary talks to purchase Dick Clark Productions, the prolific company behind the Golden Globe Awards, American Music Awards, Billboard Music Awards and other live television events, according to sources. The price for DCP is said to value the company in the “neighborhood” of $1 billion.

Read the Full Article: Source – Hollywood Reporter
Time For Truth: (Hollywood Reporter) – Chinese Company In Bid To Buy The Golden Globes

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The Obama administration has lifted an arms embargo on Vietnam, a move which neighboring Beijing has publicly praised. But the state-run China Daily has set a harsher tone, noting concerns that the move is meant to “curb the rise of China.”

The US president unveiled the move during a visit to Vietnam on Monday, insisting it was “not based on China.” However, a Tuesday editorial in the China Daily seemed to disagree.

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China has landed a military aircraft on one of its manmade islands in the disputed South China Sea.

It is thought to be the first time China’s military has publicly admitted to landing a plane on the artificial island, known as Fiery Cross Reef.

State media said the plane evacuated three injured workers from the reef.

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