To mark the 70th anniversary of the founding of the People’s Republic of China, Fight Back News Service is circulating the following Oct. 1, 1949 statement by Mao Zedong. Proclamation of the Central People's Government of the PRC

San José, CA – On Friday, August 23, the U.S. stock market opened lower, on the news that China was retaliating to Trump's latest round of tariffs. It then recovered after Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole economic conference. Then Trump tweeted that he was “ordering” U.S. companies to leave China, and stocks dived, with the Dow Jones Industrial Average ending with a loss of more than 600 points or almost 2.5% lower. The broader S&P 500 average fell a bit more than 2.5% percent and the NASDAQ composite, which is heavily weighted towards technology companies, fell 3%.

There’s a tendency among progressives in the United States to support big crowds of people protesting in other countries. No doubt, the corporate media assists in this process by labelling certain movements ‘pro-democracy’ or ‘freedom fighters.’

Recession fears make Trump backtrack in trade war with China

San José, CA – On Wednesday, August 14, the U.S. stock market tanked, with the Dow Jones Industrial Average down 800 points, or 3%. The technology-heavy NASDAQ index also fell 3% and the S&P 500 fell just shy of 3%. This is the third day in a row of major market moves: Down more than 450 points on Monday, up 375 points on Tuesday, and now down again.

San José, CA – U.S. stocks fell again on Monday, August 12 as growing recession worries were added to ongoing concern about the direction of Trump’s trade war with China. The Dow Jones Industrial Average fell almost 400 points, or 1.5%, while the broader markets fell by smaller percentages of about 1.2%.

Washington DC – On August 8, China’s Foreign Ministry spokesperson Hua Chunying said that the People's Republic of China would continue economic cooperation with Venezuela. Speaking in Beijing, Hua stated the U.S., “should let the Venezuelan people decide their future and immediately stop the bullying behavior.”

U.S markets have the worst day this year

San José, CA – On Monday, August 5, China replied to Trump’s new tariff threat by calling off the purchases of U.S. agricultural products and weakening government support for the RMB, China’s currency. In response the RMB fell to 14 U.S. cents, meaning it will take slightly more than 7 RMB to buy one U.S. dollar. Soybean prices also fell, as China is the largest foreign buyer of U.S. soybeans.

San José, CA – On Thursday, July 31, President Trump tweeted that he would be imposing new tariffs, or taxes, on the $300 billion of Chinese goods not covered by his 25% tariffs. U.S. stocks took an immediate dive, giving up all of their 300-point gain to drop 280 points for the day. They continued to fall on Friday, leading to the worst week for U.S. stocks all year.

Minneapolis, MN – June 4 marks the 30th anniversary of the 1989 anti-socialist turmoil in Beijing’s famed Tiananmen Square and the decisive moves by the government of the People’s Republic China to confront counter-revolution. The U.S. State Department, the corporate media (and some unthinking people who parrot their lies), will speak about a ‘massacre’ that never happened, and use the opportunity to breathe some life into an anti-communist paper tiger that has lost its power to compel or convince.

San José, CA – On Friday, April 26, the Bureau of Economic Analysis (BEA) issued its first report on economic growth in 2019. The country’s Gross Domestic Product, or GDP, which measures the total production of goods and services, grew at a 3.2% annual rate during the first three months of the year (January to March). This was stronger than most economists expected.