This is a useful post, but it errs inso far as it implies that reducing the power of the CCP and going to a more liberal model would reduce corruption. This has not been the case in the West, where there is also a symbiotic relationship between politicians and business and finance. This doesn't change by making what is fundamentally unethical legal, and corruption is also invited by a double standard of justice, lax oversight, and penalties that do not deter but rather are booked as...
Read More »7 Decades of China’s achievements — Zamir Ahmed Awan
China is an old civilization and has been passing through various ups and downs throughout history. Which is very much rational and the natural cycle of human history. There was a time when Romans were at the peak, but today they stand nowhere, British and French colonialized half of the world, but today squeezed to a small state only. Ottoman Empire in Turkey was in control of parts of Asia, Africa, and Europe, but today is a small developing nation. Every peak has to pass through fall, it...
Read More »Bolton’s exit raises odds of US-China trade deal — Spengler
Good article, and I agree that John Bolton's departure is a positive move. That said, the larger obstacle is US Trade Representative Robert Lightizer. Bolton's focus was on taking down Huawei. Lightizer's focus is taking down change with a view to regime change. This is ultimately a replay of the successful push to take down the USSR, which the American elite believe was accomplished by economic warfare. The real objectives are the Chinese Communist Party and communism as a...
Read More »Zero Hedge — China Accuses Apple, Foxconn Of Breaking Chinese Labor Laws
The biggest surprise, however, is that China appears to be right. When contacted by Bloomberg, Apple said that, after conducting an investigation, it found the “percentage of dispatch workers exceeded our standards” and that it is “working closely with Foxconn to resolve this issue.” It added that when it finds issues, it works with suppliers to “take immediate corrective action.” Foxconn Technology Group also confirmed the dispatch worker violation following an operational review.... Zero...
Read More »Steve Bannon’s Gift — Chris Faure
Get ready for it! If you thought that the demonization of Russia and incessant Russophobia over the past years from the West, with hardly a highly likely shred of evidence, was unconscionable and the absolute pinnacle of all demonization campaigns ever, get ready for the demonization of China. In true Hollywood Blockbuster style, the China Fearcampaign promises to be bigger and better theater than the complete demonization of Russia. The campaign is focused, has a highly skilled leader, is...
Read More »Reuters — No place like home: Chinese firms stung by trade war build up domestic brands
Trump wants to bring the jobs home. That means huge capital investment, ramp up of facilities, training workers, etc. All China has to do is redirect production from exports to domestic consumption, which will simply requires increasing domestic demand. The obvious way to do this is to reduce saving and increase spending by expanding social welfare, which an objective of the CCP anyway. And it's in the 5-year plan to shift emphasis from external to domestic and to gradually increase the...
Read More »Why Costco Had To Close Its First Chinese Store Early On Day One? — Dawn Geske
Assignment. Pick out the propaganda.International Business TimesWhy Costco Had To Close Its First Chinese Store Early On Day One?Dawn Geske
Read More »Flailing at China — Stephen S. Roach
Despite years of denial, there can no longer be any doubt that the US is pursuing a bipartisan containment strategy vis-à-vis China. Whether justified or not, the real problem with this strategy is less the merits of the allegations leveled by US politicians than the incoherence of the Trump administration’s policies to address them.... It's still "Red China," after all.Stephen Roach understand Chinese political economy. This is a good summary of his course at Yale on "The Next...
Read More »China Goes Generic! — Dean Baker
Must-read. It's short.Not only does this have a potentially huge impact on Big Pharma, but it is also China poking the US in the eye in retaliation for it regards as humiliation. So it is also "saving face."Perhaps the largest and longest lasting impact of the trade war that is already occurring is the change in attitude of Chinese consumers about American products. The Chinese are very nationalistic and patriotic. They are also ethnically proud and justifiably so based on being able to...
Read More »Traffic Jam in Shenzhen, China
” The long line of trucks is a traffic jam of military trucks. Shenzhen (China), to state the obvious, is across the border and located just north of Hong Kong (see map). This show of force could still be a well poised threat to Hong Kong warning them to discontinue their protests or else. Shenzhen is an approximate 20 miles from Hong Kong and can be traveled by rail, bus, or limo. Click on the images to enlarge. On a business trip, I was scheduled to...
Read More »