Inter-Research And Studies (IRAS)

By WSWS Correspondent Just days after reported second-quarter growth figures pointed to a marked slowdown in the US and Europe, new manufacturing data released yesterday provided further evidence of global economic stagnation. The continued slump in the real economy is in marked contrast to the ongoing and ultimately unsustainable speculative frenzy on international share markets. The IHS Markit purchasing managers’ index (PMI) for manufacturing for the euro zone in July showed a marked fall from 52.8 in June to 52.0 in July. Germany, with a PMI of 53.8, was the main factor keeping the overall index above 50, the dividing line between growth and contraction. IHS Markit chief economist Chris William commented: “Expansions in output and employment are clearly being driven to a large extent by surging growth in Germany, while growth has almost stalled in both Italy and Spain, and contractions are being seen in France and Greece.” France’s PMI hit 48.6. Italy’s was the lowest in 18 ...

Despite historical facts affirming the Chinese as the rightful owner of the Diaoyu Islands, the Japanese government had continue to flex its muscles over these disputed islands by claiming that these islands are theirs, of which they called Senkaku Islands. Japan is again flexing its imperial muscles onto China after their Second World War defeat in 1945. What right does Japan has to claim that these islands belongs to them? Based on the history of their empire build up? Everyone knows, the Imperial Japanese Empire was built with blood, war and conquering using their military might and aggression against other countries. So, does that mean those conquered territories belongs to them legally? No, certainly not. If they wish to claim that the Diaoyu Islands belongs to them, then they should also claim that most of the Asian continents belongs to them too, as Imperial Japan had once conquered this region before and during Second World War, of which includes many parts of China. T...

We all knew that during the Second World War (WW2) in the Asian continent, the Imperial Japan had aggressively used its military force to conquer many parts of Asia, particularly Korea, Manchuria, some parts of Eastern Russia and largely China. Japan's aggression was later expanded to many parts of Southeast Asia and the Pacific theatre. During these aggression, the Imperial Japanese Army and Navy were well-known for its atrocities against civilians. The most famous one was marked in the Nanking Massacre in 1937, when the Chinese Nationalist government's capital fell into the hands of the Imperial Japan. Millions of Chinese civilians, men and women, children, senior citizens, sick people, babies were systematically murdered, women and children were captured, raped and then slaughtered, many cities, counties and homes were torched which caused total destruction of much of China's population. Asides, the Japanese military aggression and atrocities had also expanded t...