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2020 is shaping up to be a crucial year on the economic and financial front.To get more china finance online news, you can visit shine news official website.
President Trump is eager to protect a solid stretch of economic growth and clinch key victories in his trade fights with the election approaching. Democrats, meanwhile, are striving to expose the shortcomings of the Trump economy while battling back against his deregulatory agenda. Policymakers and the financial industry are bracing for a bruising campaign and how it may affect the economy.
Trump concluded 2019 with two significant victories for his trade agenda: the Democratic-led House’s approval of his new North American trade pact, and the outline of a preliminary trade deal with China.
But the president’s trade war with China is far from over, and another fight with the European Union may kick into high gear in 2020.
U.S. and Chinese officials announced last week that they have reached preliminary trade deal that will be released following a typical legal review. While Trump and top White House officials have touted the agreement as a major breakthrough, previous agreements with China have fallen apart throughout the last year.
The preliminary trade deal would also leave in place U.S tariffs on billions of dollars in Chinese goods and retaliatory tariffs on some American agricultural exports, raising the risks of further economic harm.
The trade war between the world’s largest economies is one of several forces driving a global economic slowdown. But Trump’s simmering trade battle with the European Union might also hinder growth abroad and harm U.S. firms dependent on transatlantic trade.
Trump imposed 25 percent tariffs in October on an array of popular and iconic European food products, such as wine, cheese, olives, Irish and Scotch whiskies, pork and cookies. The EU has threatened to retaliate with its own tariffs on U.S. food products, which would boost pressure on the ailing agricultural sector.
Trump has shattered more than two decades of precedent with his campaign to bend the Federal Reserve to his will.
The president has sought to bully the independent central bank into slashing interest rates to near-zero or negative levels to juice the economy and weaken the value of the dollar. Doing so could spur an economic surge ahead of the 2020 election and give Trump added leverage in his trade war with China.The Fed has resisted Trump’s demands so far. While the bank cut interest rates three times in 2019, borrowing costs still remain several ticks above Trump’s preferred level. Fed Chairman Jerome Powell has ruled out cutting rates to the negative levels seen in countries teetering on the brink of recession, and the bank is expected to hold steady on rates for the foreseeable future.
But as Trump nears what is expected to be a close election, the president may ramp up his pressure on the Fed to stimulate the economy regardless of its effect on inflation or financial stability.
The Supreme Court is set to issue a groundbreaking ruling in three cases involving congressional and prosecutorial requests for Trump’s financial records that could shape the way Congress can oversee the executive branch.
Two cases involve financial records subpoenas from Democratic lawmakers for a broad range of financial documents related to Trump and his businesses. One case centers on subpoenas sent to Trump's accounting firm, Mazars USA, while another involves requests sent to Deutsche Bank and Capital One.
A third case involves a subpoena from Manhattan prosecutors against Mazars USA for Trump’s personal and corporate financial records, including tax returns, from 2011 to 2018.
The court will hear arguments in the case in March and will issue a ruling before the end of June. If the high court upholds the subpoenas, the decision could give lawmakers and prosecutors a trove of Trump’s personal financial information just months before the 2020 election.
China is preparing for a significant influx of travelers starting on Friday, January 10, for the annual Spring Festival (Lunar New Year). The National Development and Reform Commission (NDRC) is expecting around 3 billion trips to be taken through Tuesday, February 18. According to China’s rail operator, over 300 million tickets have been sold for trains during the travel period since December 12, 2019. Beijing Capital Airlines is also expecting to handle over 1.7 million travelers. Peak travel rush will likely take place from Saturday, January 25, to Saturday, February 8, which marks the Lunar New Year public holiday. Significantly crowded conditions and an increased demand for transportation services and accommodations are anticipated throughout China over the coming weeks.To get more news about spring festival travel, you can visit shine news official website.
Increased security measures will also be in place during the Spring Festival period. Railway officials announced that a public security campaign has been launched to severely crack down on crimes such as theft, robbery, and fraud. The Ministry of Public Security warned on Wednesday, January 8, that there is an increased risk of traffic accidents due to a higher number of private vehicles on the road during the holiday. A heightened security presence is expected around all public transportation hubs, on roadways, and near associated cultural events.
Advice
Individuals in or traveling to China are advised to adhere to instructions issued by local authorities, as well as local customs and laws. Anticipate crowded travel conditions, including at airports, rail stations, roads, and hotels.
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China’s rise as a consumer economy has long been suspected, but recent figures have confirmed that the once export-orientated powerhouse is now much more internally focussed, creating ample opportunities for companies looking to expand abroad. To get more china international business news, you can visit shine news official website.
Official figures recently revealed that China had been pushed into deficit in the month of March 2013, although there was still a surplus of near US$270bn for the year. The results confirmed what many analysts had long hoped for; that the country’s future growth would be less dependant on exports and that the new leaders are focused on delivering sustainable, quality growth, which is a welcome change from the growth-at-all-costs approach of the past.
The effect of increased wealth and consumer spend in China is already being felt around the world, with recent tourism numbers showing that visitors from the country spend more than any other country in the world with a record $102 billion shelled out on the road. For growing companies with overseas aspirations, China seems like the perfect destination for expansion. But with lengthy bureaucratic procedures and an unfamiliar consumer environment awaiting those who try, having local advisors on hand to help navigate the complex market is crucial.
As the economy continues to grow (expected to expand by 8.2% this year), we assess some of the main difficulties encountered by overseas firms doing business in China.
Market access
Local distribution networks, buying habits of local consumers and regulatory requirements can make China a very difficult market to access. What’s more, the market environment is completely detached from most other economies in the world, making it difficult to take the first steps. It is estimated that 37% of products that pass for the US market fail in the China market.
Consumer preference
There has been a sizeable class shift in China over the past few decades, and the consumer environment is far more diverse than it once was. It is also completely detached from markets elsewhere in the world, and many companies have sunk in China because they failed to take into account consumer preference.
Bureaucracy
Overseas firms often struggle with laws and regulations in China, with 31% of 338 respondents in a recent business survey listing bureaucracy as their number one concern when expanding into the country. Most common complaints revolve around obtaining the required licenses and permits, with many respondents bemoaning the laborious processes.
Governmental challenges
Transparency of government procedure and corruption are chief concerns of companies moving into China, although as the new leadership is ushered in, this is likely to change. The citizens of China need to believe the government’s decisions serve their interests, and there is a growing risk that the Party leaders increasingly are viewed as clinging to power in order to enrich themselves.
Standards and conformity assessment
Rules stating how products are designed, manufactured, sold, used and disposed of exist in China which all products must comply with before entering the market. This can be a very foreign procedure to many companies, and can impact the appeal of the country.
Intellectual property
Intellectual property rights is an area that has been notoriously difficult in China, although recent reports suggest this is an area that is improving the most. Gary Locke, America's ambassador to China, recently said that “for every foreign company calling for stronger IP protection, there are more Chinese companies calling for the same,” suggesting that progress is occurring.
Competition
Many Chinese companies are looking to improve the quality of their products and services so they can sell them abroad, which has increased competition as a result. Additionally, consumers can, in some cases, give preference to native companies over those from abroad. The government can also give preference to domestic firms, which makes disrupting the market rather difficult.
Labour
The US-China Business Council recently published a report that showed 62% of respondents said that they had increased wages by 5% to 10%. Eight percent of respondents had hiked them more than 15%. This was the area that concerned respondents the most on the whole survey.
Human resources
Human resources remains a number one task for Chinese companies, with the demand for trained, professional labour still outstriping supply. Companies therefore find it hard to keep hold of their best staff, as some job changes can mean salary increases of up to 30%.
Administration
Administration, licensing, product approvals and many more laborious operating task can leave managerial desks flooded in paperwork. For many firms, overcoming the bureaucratic hassle is the biggest task to successfully breaking the Chinese market.
particular sectors such as global manufacturing and U.S. agriculture, the consensus outlook for the global economy next year is surprisingly sanguine.To get more china national news, you can visit shine news official website.
Most mainstream forecasters expect that the worst of the storms are past, and they are expecting global growth to rebound: the International Monetary Fund by 3.4 percent, the World Bank by 2.7 percent. One big reason for the dose of optimism is the generally looser approach to the money supply taken by central banks around the world, which helped offset some of the pain of trade wars and falling investment in 2019 and promises to allow a modest rebound next year (but which carries its own risks).
But those growth expectations are premised, in both cases, on a couple of potentially tenuous foundations: a rebound in emerging markets, such as Argentina and Turkey, that have been hammered in recent years, and a halt to further nasty surprises like trade wars, imploding markets, debt time bombs, and the like. Economists expect the wild cards for 2020 to point in one direction: downward.
“[D]ownside risks seem to dominate the outlook,” noted the IMF in its latest big report on the global economy’s prospects. Whether it’s still-simmering trade tensions, the ongoing Brexit saga, China’s economic transformation, worries about a sharp market correction, central banks with few bullets left to fire, historically massive piles of debt, or the usual geopolitical risks that could upend the best of projections, here is a look at some things to keep an eye on that could make or break the global economy next year.
Despite the preliminary agreement between the United States and China of a “phase one” trade deal that promises at least a cease-fire between the world’s two biggest economies, the trade wars are far from over. That “phase one” deal with China isn’t yet a done deal—and similar agreements have come undone in months past.
Even if U.S. President Donald Trump and Chinese President Xi Jinping finally ink some sort of truce that will see a partial restoration of trade amity between the two countries, most of the tariffs the Trump administration imposed on China (and those Beijing slapped on the United States in return) will remain in place. What the Peterson Institute for International Economics calls a “new normal of high tariffs” will mean that about two-thirds of Chinese imports to the United States and more than half of U.S. exports to China will remain taxed at relatively high levels. That means a guaranteed, continued drag on U.S. manufacturers that rely on many of those goods as inputs for their own finished products, adding financial pain for firms, consumers, or both.
And trade tensions aren’t limited to the fight between Washington and Beijing. With a new NAFTA wrapped up and an apparent China truce in hand, Trump’s trade negotiators are returning their gaze to ongoing trade fights with Europe, which include ongoing spats over U.S. tariffs on European steel, U.S. tariffs on European goods due to the Airbus-Boeing dispute (with potentially another set of European retaliatory tariffs in the pipeline), and U.S. tariffs on French goods in response to a controversial French digital tax—a tax that is under serious consideration in several other countries and that could spread that trade fight even further.
There’s more: The United Kingdom will formally exit the European Union at the end of January, but that will only sound the starting pistol for the really heavy lift: negotiating a free trade agreement between the U.K. and Europe before the end of the year, a deadline that European officials feel is almost impossible to meet. Failure to sort out key issues, such as tariff rates between Britain and the continent or regulatory standards between the two sides, could lead to another Brexit cliff edge at the end of the year, with all that entails for new investment, business and consumer confidence, and growth.
To make things more interesting, the United States hopes to negotiate its own free trade deal with the U.K. next year. But that would mean pulling Britain closer to the United States in terms of economic regulation—making it that much harder for the U.K. to close any meaningful deal with Europe.
Ultimately, greater trade tensions between big economies, coupled with the end of the World Trade Organization’s ability to resolve disputes between countries, could mean a return to relatively fettered trade, with countries slapping tariffs on imports at will. The World Bank warns that a return to higher duties across the board could be as devastating for global trade as was the great financial crisis a decade ago.
The earliest-available indicators of China’s economic performance point to a continued slowdown in November.To get more latest china economy news, you can visit shine news official website.
Economic growth was already the slowest in almost three decades in the third quarter, and Bloomberg Economics’ gauge aggregating the earliest data from financial markets and businesses shows that continuing, with a worsening picture for trade, sales manager sentiment, and factory prices.
While tensions with the U.S. have eased since the two sides announced talks toward a so-called “phase one” deal last month, a leading indicator for trade flows in Asia, South Korean exports, still contracted almost 10% in the first 20 days of November. That’s an improvement from September’s worst result in a decade, but it indicates that high-technology trade across the region is still struggling as the Christmas shopping season approaches.
Profits at Chinese industrial firms fell the most on record in October, dropping 9.9% from a year ago, data from the National Bureau of Statistics showed Wednesday. The decline in prices at the factory gate is one of the factors undercutting those profits and is expected to continue in November, according to a Bloomberg tracker of producer prices.
The falling prices indicates domestic demand is weak. If those deflationary effects continue it will further hurt corporate profits at home and eventually drag down prices and profits overseas as well.
Sales managers at Chinese companies reported the worst conditions on record, with the headline index and sub-indexes for manufacturing and services all below the 50 level that separates growth from contraction. Business confidence was at a 14-month low, and all the gauges for manufacturing dropped from recent months, suggesting widespread problems, according to World Economics, which compiles the data.
SAIC Motor Corp., the biggest Chinese carmaker, has reported four consecutive quarters of falling profit as consumers have stayed away from showrooms. Auto sales have slowed in particular outside big cities, where less affluent consumers are more likely to be hit by the slowing economy. The carmaker cut its sales forecast in July, predicting the first annual decline in 14 years.
Warren Buffett-backed BYD Co., China’s biggest maker of new energy vehicles, last month reported an 89% slump in third-quarter earnings and warned profit could fall as much as 43% this year. Electric-car maker BAIC BluePark New Energy Technology Co. forecast a 2019 loss in a grim earnings update.Yet there is some optimism among the parts of the economy most exposed to the global economy. Export-focused firms were more upbeat in a Standard Chartered Plc survey of smaller businesses.
“Production activity accelerated as external demand rebounded” while the new orders sub-index for domestically focused smaller companies weakened, Hunter Chan and Ding Shuang from Standard Chartered wrote in the report. “The manufacturing sector outperformed, its performance index rising to a seven-month high, while that of the services sector dropped.”
As the details of a trade deal between the U.S. and China have emerged over the past week, the international community and the business world have reacted with guarded relief. The content is still vague, and there are plenty of quibbles over the particulars, but it appears to have headed off a fresh round of damaging tariffs—and, at minimum, the agreement means that two potentially very serious economic adversaries are still talking.To get more Shanghai business news, you can visit shine news official website.
That relief may be premature. The largest problems facing U.S.-China relations, from emerging technology to the crisis in Hong Kong, remain unresolved. And a careful reading of the conversation inside China suggests that the next front line of the U.S.-China conflict may already be taking shape, with an ominous name: Financial war.
Many members of the Chinese elite, even longtime advocates of market reform and economic opening, see a dark future for U.S.-China relations—and they are increasingly focused on America’s global financial hegemony as a long-term risk for their country. They’re indicating, subtly but unmistakably, that they see global finance as a rising theater of conflict, and are considering new ways for China to defend itself and even to retaliate.
Story Continued Below
An example is the economist Lou Jiwei, who has long been seen as a liberalizing force in China, an advocate of market reform and international openness. He served as finance minister, ran the country’s massive sovereign wealth fund, and has palled around with western economists since the 1980s. But recently he made a prediction that contained a startling phrase: At a forum in Beijing, according to reporting in the South China Morning Post, he said: “The next step in the frictions between China and the United States is a financial war (jinrong zhan). The U.S. has been hijacked by nationalism and populism, so will do everything in its power to use bullying measures [and] long-arm jurisdiction.”
In this financial war, he continued, the U.S. will exploit its dominance of the international financial system to hurt China—and China will fight back.
Lou’s comments are just one sign of a significant shift underway in China about the future trajectory of the U.S.-China relationship. Officially, Chinese financial policy remains focused on diffusing domestic risks and increasing inbound investment, and lies in the control of bodies such as the People’s Bank of China and the Ministry of Finance. But shifts in how China’s rulers are thinking about policy are often signaled in the language used by former top officials and government-linked experts.
Chinese concerns about American financial power have risen throughout 2019 and intensified dramatically in recent months. The high-profile arrest of Huawei executive Meng Wanzhou reportedly relied on cooperation from U.S. banking institutions to demonstrate that Huawei had violated sanctions on Iran—triggering a fierce response from Beijing, which decried these actions as “motivated by strong political intentions and manipulation.” After the U.S. officially labelled China a currency manipulator in August 2019, both Zhou Xiaochuan, the longtime central bank governor, and Chen Yuan, a former central bank deputy governor and Communist Party princeling, called for China to find new ways to use the yuan instead of the dollar in many more international transactions.
The trade war is evolving into a financial war and a currency war,” Chen Yuan declared.
Zhou Yu, director of international finance research at the government-run Shanghai Academy of Social Sciences, recently also predicted an escalating “financial war,” ringing the alarm that China should see the “urgency of beefing up its financial independence and sovereignty.”
And Huang Qifan, a prominent retired economic official and former mayor of the megacity Chongqing, in September decried the U.S. acting as “the world’s boss for decades,” using “long-armed jurisdiction” in economic and legal domains to commit acts of “unreasonable bullying.” (The language closely echoed that of Lou in his remarks in Beijing.) Earlier this month Huang called again for China to fortify its defenses.
There are plenty of reasons to think a financial war won’t get hot anytime soon; the barriers to upheaval are daunting because of the dominance of the dollar and China’s reliance on foreign capital, among other reasons. But U.S. leaders need to pay attention even so. For many years, such harsh and open denunciations of the global financial system were primarily the purview of nationalistic writers such as People’s Liberation Army officer Qiao Liang, who has condemned the American “financial empire” while writing anti-American screeds. The fact that even these more mainstream voices are joining the chorus is a significant and underexamined shift, and one likely to matter far beyond the current trade deal.
A 10-second clip from the on-board camera released by Chongqing police showed a female passenger yelling at the male driver while he was steering, shortly after 10 a.m. on Sunday.
The 48-year-old woman then attacked the driver with her cell phone, while he fought back with his right arm.
When she struck him again, he abruptly turned the steering wheel left, swerving into oncoming traffic before crashing into the railings on the side of a bridge — screaming can be heard as the video stops.
The release of the clip brings an end to the mystery surrounding the cause of the deadly crash, which has come to captivate China amid extensive television coverage of a massive search-and-recovery effort.
For days after the accident, the No. 22 bus lay at the bottom of the Yangtze River — in waters more than 70 meters (230 feet) deep.
Dashboard camera footage from another car nearby, released earlier, had shown the bus charge onto the wrong side of the road without warning before hitting the railings of the Wanzhou Yangtze No. 2 Bridge and plunging into the river.
Police said they pieced together what happened based on footage from the on-board recorder, which was recovered by divers, as well as 2,300 hours of surveillance videos along the bus route and numerous witness accounts.
In their findings, the authorities blamed the 42-year-old driver for not following proper safety procedures, but ruled out any anomalies in his mental state. The bus was also found to have no mechanical issues.
The statement concluded that both the passenger and the driver had broken laws for seriously endangering public safety.The bus was pulled out of the river on Wednesday, and divers have so far recovered 13 bodies with two still missing.
Some analysts see the project as an unsettling extension of China’s rising power, and as the costs of many of the proposed projects have skyrocketed, opposition has grown in some participant countries. Meanwhile, the United States shares the concern of some in Asia that the BRI could be a Trojan horse for China-led regional development, military expansion, and Beijing-controlled institutions. Under President Donald J. Trump, Washington has raised alarm over Beijing’s actions even as it has abandoned some U.S. efforts to isolate China and deepen its own ties with economic partners in the region.
The Silk Road came into being during the westward expansion of China’s Han Dynasty (206 BCE–220 CE), which forged trade networks throughout what are today the Central Asian countries of Afghanistan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan, as well as modern-day India and Pakistan to the south. Those routes extended more than four thousand miles to Europe.
Central Asia was thus the epicenter of one of the first waves of globalization, connecting eastern and western markets, spurring immense wealth, and intermixing cultural and religious traditions. Valuable Chinese silk, spices, jade, and other goods moved west while China received gold and other precious metals, ivory, and glass products. Use of the route peaked during the first millennium, under the leadership of first the Roman and then Byzantine Empires, and the Tang Dynasty (618–907 CE) in China.
But the Crusades, as well as advances by the Mongols in Central Asia, dampened trade, and today Central Asian countries are economically isolated from each other, with intra-regional trade making up just 6.2 percent of all cross-border commerce. They are also heavily dependent on Russia, particularly for remittances—they make up one-third of the gross domestic product (GDP) of Kyrgyzstan and Tajikistan. By 2018, remittances had dipped from their 2013 highs due to Russia’s economic woes.
What are China’s plans for its New Silk Road?
President Xi announced the initiative during official visits to Kazakhstan and Indonesia in 2013. The plan was two-pronged: the overland Silk Road Economic Belt and the Maritime Silk Road. The two were collectively referred to first as the One Belt, One Road initiative but eventually became the Belt and Road Initiative.
Xi’s vision included creating a vast network of railways, energy pipelines, highways, and streamlined border crossings, both westward—through the mountainous former Soviet republics—and southward, to Pakistan, India, and the rest of Southeast Asia. Such a network would expand the international use of Chinese currency, the renminbi, while new infrastructure could “break the bottleneck in Asian connectivity,” according to Xi. (The Asian Development Bank estimates that the region faces a yearly infrastructure financing shortfall of nearly $800 billion.) In addition to physical infrastructure, China plans to build fifty special economic zones, modeled after the Shenzhen Special Economic Zone, which China launched in 1980 during its economic reforms under leader Deng Xiaoping.
Xi subsequently announced plans for the 21st Century Maritime Silk Road at the 2013 summit of the Association of Southeast Asian Nations (ASEAN) in Indonesia. To accommodate expanding maritime trade traffic, China would invest in port development along the Indian Ocean, from Southeast Asia all the way to East Africa.
If price is of particular concern, VPNs don’t come much cheaper than Ivacy. It’s getting even cheaper over the Black Friday shopping season! BF might not officially kick off until the 29th, but this deal is live now — offering up to 90% off on service. For an upfront cost of $60 you get five years of service. That comes to just $.99 a month!
The Ivacy app comes with different modes for you to choose from, depending on what you are looking to do. You get all the key features you’d expect, as well as a few extras like split tunneling. Ivacy’s server count isn’t as robust as the others on the list, but it has a good list of locations around the world, including India. The speeds are good enough to allow for media streaming and torrenting without any issues. Their recent partnerships even allow Netflix unblocking in seven regions encompassing the US, UK, Australia, China, Hong Kong, Taiwan, Europe, Germany, and France.
ExpressVPN is considered one of the best VPN services around with good reason. It offers everything you would expect from a great VPN, like a zero logging policy, impressive connection speeds, a large number of servers across the world, and necessary security features like the Network Lock, DNS leak protection, and more. The apps are easy to use but don’t compromise on settings and features.
ExpressVPN also doesn’t skimp on what the VPN is capable of. Everything from P2P file sharing to media streaming, including Netflix, is possible using ExpressVPN. Easy to install apps are available for all major platforms, and helpful guides can be found to set up ExpressVPN on routers, gaming consoles, media streaming devices, and more.
ExpressVPN can be more expensive than other providers, but it is certainly one of the best VPN services around and worth the cost.
NordVPN is all about providing the best security features possible. Your online activity stays completely private with its zero logging policy, IP and DNS leak protection, and the best encryption protocols. Beyond that, you can take advantage of specialty servers for P2P and Anti-DDoS. For even more security, you have the option to enable Double VPN that runs everything through two servers.VPN download
While a network kill switch is standard, the service also comes with an App Kill Switch which lets you set certain apps to automatically close if the VPN connection drops. The apps also recognize if you are in a restricted location and load obfuscated servers. Finally, you can request a dedicated IP service, which will set you back an additional $70 a year.
Despite the heavy security features, NordVPN manages to offer excellent speeds and low latency. NordVPN features specialty servers for torrenting and Netflix works via select servers as well. NordVPN is also one of the few premium VPN services to offer a free 7-day trial along with a 30-day money back guarantee. NordVPN is also quite affordable considering all that it has to offer.
When comes to the issue of online privacy and security, we suggest to use a VPN, and our recommendation is RitaVPN.Qwer432
https://www.ritavpn.com/blog/how-to-stream-nfl-games-live-with-a-vpn/
https://www.ritavpn.com/blog/shadowsocks-vs-vpn-which-one-do-you-prefer/
https://www.ritavpn.com/blog/how-to-turn-on-google-safesearch-for-secure-googling/
Lastly (and perhaps most importantly), if you try and connect to your bank using a VPN server located in China, I am guessing that your bank is going to throw up some major red flags (no pun intended), and possibly prevent you from logging in. The way the banks sees it, someone (a computer, or server) from China is trying to access your local bank account. Is that a good thing? Probably not.
Now, if you repeatedly use random VPN servers to anonymize your traffic (which happens to be another feature offered by VPN services), AND you try and connect to your bank on a regular basis, then I'm guessing the bank is going to throw up some more red flags. The way the bank sees it: a computer, or server located somewhere in the world keeps trying to access your bank account - and it keeps happening from different places around the world. Is that a good thing? Definitely not - at least, not the way the bank sees it, because cybercriminals often use VPNs to anonymize their web traffic as well. It would be a safer bet if you just stick to using your local IP address when accessing your local bank.
As for saferweb's statements regarding VPNs, let's take a look at those now that we have a little bit more knowledge about how VPNs work:
They say: Safer Web gives you an extra layer of security against Internet hackers. I say: using our examples above, that is only true if the entire connection is secure and the VPN server is also secure. Also, a hacker can 'hack you from the inside' if your system in infected with malware, so a VPN will not prevent you from being "hacked".
They say: By hiding your IP, we keep your online activity anonymous and private. I say: yes and no. If you are worried about being spied upon locally by governments, or are otherwise paranoid, then using a VPN is probably a good idea. That said, you should also ensure that your antivirus, antimalware, operating system, and web browser are all up to date and infection free in addition to using a VPN, otherwise you can still be spied on because your information will still propagate outward somewhere onto the Internet whether you use a VPN or not.
They say: Using a VPN keeps your browsing activity private and secure. I say: yes and no. This is really only true if the connection is 100% secure. Even so, if someone was to compromise a website you were previously connected to, they could still access information about you. A VPN won't protect against that type of an attack.When comes to the issue of online privacy and security, we suggest to use a VPN, and our recommendation is RitaVPN.Qwer432
http://www.vpnsnetflix.net/
http://www.buysecurevpn.com/
http://www.buyexpressvpn.net/