Ideanomics Inc (IDEX)

[bbking2003]

Chinese Troop Movements Signal War?

2013-02-11 10:56 EST


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Tanks, one by one, moving along a main road in China’s coastal Fujian province. Driving up speculations that the Chinese military may be warming up for war.

These military vehicles were spotted further up the coast, in neighboring Zhejiang province. According to dissident website, molihua.org, these tanks in Hubei province are being transported from a military base to the coast.

The troop movements come after months of escalating tensions between China and Japan over the disputed territory of the Diaoyun, or Senkaku islands and they’re known in Japan. It’s caused international worries that the two countries may be on the cusp of war. Both sides have scrambled jets and warships in the region. In January, during naval exercise near the disputed waters, Chinese warships reportedly directed their targeting radar at a Japanese vessel.

On February 7, State-run Global Times published this article saying there is a “serious possibility” a military conflict may flare up between China and Japan. It continues to say that fewer and fewer people are hopeful for a peaceful resolution to the Diaoyu Island crisis.

Are we in a countdown to war between China and Japan? NTD will continue to keep you posted as the situation develops. I hope this will not affect this stock.