tMoA

~ The only Home on the Web You'll ever need ~


    CHINA NOW

    Share
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Sun Dec 26, 2010 11:32 am

    Abuses Cited in Enforcing China Policy of One Child
    BEIJING — Thirty years after it introduced some of the world’s most sweeping population-control measures, the Chinese government continues to use a variety of coercive family planning tactics, from financial penalties for households that violate the restrictions to the forced sterilization of women who have already had one child, according to a report issued by a human rights group.

    The report, published Tuesday by Chinese Human Rights Defenders, documents breadwinners who lose their jobs after the birth of a second child, campaigns that reward citizens for reporting on the reproductive secrets of their neighbors and expectant mothers dragged into operating rooms for late-term abortions.

    Not uncommon, according to the report, are the experiences of women like Li Hongmei, 24, a factory employee from Anhui Province who was at home recovering from the birth of her daughter when a dozen men employed by the local government carried her off to a hospital for a tubal ligation. “I promised I would have the surgery when I got better but they didn’t care,” Ms. Li said in a telephone interview. “I screamed and tried to fight them off but it was no use.”

    Although most of the abuses documented in the report are not new, its authors are seeking to highlight the darker side of birth-control restrictions at a time when the public debate has largely focused on whether China’s family-planning policy has been too successful for its own good. This year as the nation marked the 30th anniversary of the so-called one-child policy, officials have been praising such measures for preventing 400 million births. A smaller population, they argue, has helped fuel China’s astounding economic growth by reducing the demands on food production, education and medical care.

    Some demographers, however, argue that plummeting fertility rates and a rapidly aging population are reasons enough to ease the rules. Sociologists fret about the surfeit of unmarried men — the result of selective abortions that favor sons — and the demands on only children forced to care for elderly parents.

    link: http://www.nytimes.com/2010/12/22/world/asia/22population.html?ref=health

    This problem could easily be solved if ALL the males were sterilized with their sperm in seed banks. The process of sterilization for males is far easier and much more cost effective then sterilizing women. Two children, one of each sex to balance out the population ratio could be even more effective for long term population planning.


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Dec 28, 2010 11:14 am

    Top Chinese blogger shuts down country's first pvt magazine[b]

    BEIJING: China's first private magazine, which was launched by famous blogger Han Han in a bid to break monopoly of the tightly-controlled official media, has shut down apparently after its printing was blocked by authorities.

    "Han Han magazine dies", read the front page headline of the state-run 'Global Times' daily.

    It said that the magazine named 'Party' was shut after it was bogged down by a host of procedural problems, leading it to seek clearance for each of its page by officials.

    "The magazine bore an International Standard Book Number (ISBN) instead of an International Standard Serial Number (ISSN), meaning it was regarded as technically being a book, and therefore needed to undergo government inspection before every new issue was published," the report said.

    China's General Administration of Press and Publication did not respond to a Global Times inquiry on the issue.

    The news of the "death" of the magazine was also carried by the state-run Xinhua news agency, which in its report said "controversial blogger Han Han may have moved one step closer to becoming a full-time race car driver again after staff at his magazine, Party, were let go Sunday, allowing him more time on the track."

    Han, 28, a race car driver, who became immensely popular with his critical comments couched in sarcasm on events and leaders of China , as micro blogging spread fast among the country's 420 million internet users. He brought out the first issue of the magazine in July this year after nearly a year's delay.

    When finally it hit the stands on July 6, its publisher said the magazine became the most popular book on Amazon.cn less than 10 hours after pre-selling.

    Han's assistant said that the maiden issue of the magazine sold nearly 1.5 million copies.

    continued at: http://economictimes.indiatimes.com/news/international-business/top-chinese-blogger-shuts-down-countrys-first-pvt-magazine/articleshow/7178135.cms


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Dec 28, 2010 11:38 am

    China shrinks rare earths export quota
    BEIJING (AP) 12/28/10 - China said Tuesday it is reducing the amount of rare earths it will export next year by more than 10 percent - likely to be an unpopular move worldwide since the minerals are vital to the manufacture of high-tech products.

    China accounts for 97 percent of the global production of rare earths, which are essential to devices as varied as cell phones, computer drives and hybrid cars. Countries were alarmed when Beijing blocked shipments of the minerals to Japan earlier this year amid a dispute over disputed islands.

    Concerns over China's grip on rare earths has led countries on a hunt for alternative sources. A number of companies in North America - notably Molycorp Inc. in the U.S. and Thompson Creek Metals Co. in Canada - are hurrying to open or reopen rare earth mines. Two Australian companies are also preparing to mine rare earths.

    Numbers released Tuesday by China's Commerce Ministry show export quotas of the rare minerals will be down 11 percent next year as compared to the same period this year. China usually issues a second batch of quotas during the year, and it is not known how the figures will change later in 2011.

    The new numbers say China is allocating 14,446 tons (13,105 metric tons) of rare earths among 31 companies. China allocated 16,304 tons (14,790 metric tons) among 22 companies in the first batch of quotas this year.

    China has been reducing export quotas of rare earths over the past several years to cope with growing demand at home. A Commerce Ministry spokesman has also said that China is cutting its exploration, production and exports out of environmental concerns.

    Earlier this month, state media reported that China plans to raise duties on some rare earth exports starting next year, but it did not say which minerals would be affected or how much the tax would be.

    A state media report Tuesday said China is preparing to set up a rare earths association that would include nearly all of the country's leading rare earth companies, and could help them to coordinate their negotiating position. The report posted on the Sina Corp. portal said the association should be set up in May.

    The United States last week threatened to go to the World Trade Organization with its concerns over China and rare earths. When asked for comment during a regular press briefing Tuesday, China Foreign Ministry spokeswoman Jiang Yu declined to answer.

    But China has had to address the global concerns numerous times since the spat with Japan.

    "China is not using rare earth as a bargaining chip," Wen Jiabao, China's top economic official, told a China-European Union business summit in Brussels in October.
    http://apnews.myway.com/article/20101228/D9KD05400.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Dec 29, 2010 5:33 pm

    China would 'kick butts' of US in handling snow
    The governor of Pennsylvania said the Chinese would "kick our butts" in how to cope with heavy snow, which has caused severe disruption across the east coast of America.


    http://www.telegraph.co.uk/news/worldnews/northamerica/usa/8228289/China-would-kick-butts-of-US-in-handling-snow.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Thu Dec 30, 2010 8:39 am

    Dec. 30, 2010 - China To Go After Internet Phone Services
    China Plans To Go After Internet Phone Services In Move To Protect State-owned Telecoms


    (AP) BEIJING (AP) - China is going after Internet phone services like Skype in a move to protect the country's state-owned telephone companies.

    A notice from the Ministry of Industry and Information Technology on its website this month has caused alarm among consumers who turn to the Internet calls because they're far cheaper.

    The ministry says it is working to fight "illegal Internet phone services" but does not specify any actions.

    China says only major telecom companies have the right to offer services that link computers and telephones. Companies like Skype operate in a gray area, and experts say the notice is a warning to them not to grow too big.

    The Beijing News on Thursday estimated that China has 15 million Internet phone users.
    http://www.cbsnews.com/stories/2010/12/30/ap/tech/main7197592.shtml


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Thu Dec 30, 2010 9:24 am

    Yea China!


    Clampdown: Chinese authorities have shut down 60,000 pornographic websites and made 5,000 arrests in a campaign against obscene material it claims is damaging children
    By Daily Mail Reporter
    Last updated at 2:17 PM on 30th December 2010

    China has shut down more than 60,000 pornographic websites this year and arrested 5,000 people as it steps up a campaign against obscene material.

    Beijing has run a highly publicised drive against lewd online content which it claims is overwhelming the country's internet and mobile phones and threatening the emotional health of children.

    Critics have accused the Chinese government of deepening the crackdown, launched last December, and said censorship had blocked many sites with politically sensitive or even user-generated content.

    continued at http://www.dailymail.co.uk/news/article-1342724/China-shuts-60-000-porn-websites-arrests-5-000-people-internet-clamp-down.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Fri Dec 31, 2010 11:25 am

    Singapore's economy expanded at a record 14.7 percent in 2010, Prime Minister Lee Hsien Loong said Friday, in a sharp recovery from last year's recession for the city-state.
    http://www.breitbart.com/article.php?id=CNG.5a8be64a390a05a0616ab3f202e0a1bf.d1&show_article=1

    China preparing for armed conflict 'in every direction'
    China is preparing for conflict 'in every direction', the defence minister said on Wednesday in remarks that threaten to overshadow a visit to Beijing by his US counterpart next month. "We may be living in peaceful times, but we can never forget war, never send the horses south or put the bayonets and guns away," Mr Liang added.
    China repeatedly says it is planning a "peaceful rise" but the recent pace and scale of its military modernisation has alarmed many of its neighbours in the Asia-Pacific, including Japan which described China's military build-up as a "global concern" this month.

    http://www.telegraph.co.uk/news/worldnews/asia/china/8229789/China-preparing-for-armed-conflict-in-every-direction.html

    China vows to curtail rampant corruption in government
    China laid out its plans to crack down on lavish parties for government officials yesterday, in an attempt to stem growing public anger about the rampant corruption that is so severe it threatens single-party rule in the world's most populous nation.

    The country's booming economy has provided the opportunity for officials to use their power for personal gain. But it has also caused tremendous social friction with an ever-larger gap between rich and poor and intense anger at accounts of sex and alcohol-fuelled events held at taxpayers' expense. A 39-page report issued by the authorities yesterday detailed government plans to tackle corruption after a series of spectacular cases.
    http://www.independent.co.uk/news/world/asia/china-vows-to-curtail-rampant-corruption-in-government-2171793.html


    EU 'could end China arms embargo'
    A European Union arms embargo clamped on China in 1989 following the Tiananmen crackdown could be lifted in early 2011, Brussels sources told Thursday's edition of France's Le Figaro daily. The lifting of the embargo on all lethal weapons "could happen very quickly," a source close to EU foreign policy chief Catherine Ashton told the paper.


    An EU diplomat in Brussels refused to confirm the claim, but acknowledged that Ashton recommended as much in a report presented at a December 16-17 summit to the bloc's 27 national leaders. Ashton's report described the embargo as "a major impediment" to Europe-China security and foreign policy cooperation. "The EU should assess its practical implication and design a way forward," it concluded. Lifting the embargo would nevertheless require unanimity across EU member states.
    http://uk.news.yahoo.com/18/20101230/twl-eu-could-end-china-arms-embargo-ef7dd21.html

    Hi-tech industries in disarray as China rations vital minerals
    China has struck fear into Western governments and electronics giants by slashing exports of a highly sought-after array of metals which are crucial for electronics products ranging from iPads and X-ray systems, to low-energy lightbulbs and hybrid cars.

    In a sign of its growing industrial and political clout, China has cut its export quotas for rare earth elements (REEs) by 35 per cent for the first six months of 2011, threatening to extend a global shortage of the minerals and intensifying a scramble to find alternative sources.Mines in China supply 97 per cent of the world's rare earths, 17 obscure metals which possess various qualities, such as conductivity and magnetism, that make them an essential component in many modern applications such as smartphones, computers and lasers.
    http://www.independent.co.uk/environment/green-living/hitech-industries-in-disarray-as-china-rations-vital-minerals-2171789.html



    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Fri Dec 31, 2010 11:30 am

    Wikileaked Cables from Beijing Reveal China's Pursuit of Fusion Power, Teleportation
    It’s no secret that China is beating up on America and the West in everything from infrastructure to technology investment, but news of exactly what the People’s Republic is up to is often scarce. So while the diplomatic establishment continues to reel from the stink of its own dirty laundry in last week’s Wikileaks document dump, cables coming from the American Embassy in Beijing are also shedding light on the strides Chinese scientists are making in far-out fields like nuclear fission, biometrics, and even quantum teleportation.
    One confidential diplomatic cable sent from the Beijing Embassy to Washington in February suggests China is doing big things at the small scale. For one, China is aggressively expanding its nuclear energy resources, with plans to open at least 70 nuclear plants in the next decade. More interestingly, the Chinese Academy of Sciences (CAS) is pouring research funding into its Institute of Plasma Physics (IPP) to conduct ongoing research into nuclear fusion.

    Science, Clay Dillow, biometrics, china, energy, nuclear fusion, quantum physics, teleportation, tokamak, wikileaksApparently China has been hard at work on its Experimental Advanced Superconducting Tokamak (EAST) reactor, which is designed to sustain a controlled fusion reaction that can go on indefinitely at high temperatures. In 2009, researchers apparently sustained a 18-million-degree reaction for 400 seconds, and a 180-million-degree reaction for 60 seconds. Their goal for 2010 was to sustain a 180-million-degree reaction for more than 400 seconds, though it’s unclear if they achieved that. Moreover, IPP is apparently conducting research on hybrid fission-fusion reactors, though details are slim.

    Perhaps most interesting: China doubled the IPP budget in 2009 over 2008, and the diplomatic chatter suggests 2010’s budget saw a significant boost as well. Amid choppy economic waters, such funding bumps indicate a real commitment on China’s part to figure out the fusion energy puzzle.

    China’s sci-tech ambitions don’t stop there. While the evidence is anecdotal, the embassy seems to think the Chinese are pulling ahead in fields like quantum communications and even teleportation. To quote one diplomat’s description of a trip to the University of Science and Technology of China (USTC) in Hefei: “A cursory walk through their labs seemed to indicate they had already succeeded in single-particle quantum teleportation and are now trying to conduct dual-particle quantum teleportation.”

    continued at link http://www.popsci.com/science/article/2010-12/wikileaked-cables-beijing-reveal-chinas-pursuit-fusion-power-teleportation


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:10 pm

    World Bank issues its 1st yuan bonds in Hong Kong
    Jan 5, 8:07 AM (ET)

    By KELVIN CHAN
    Google sponsored links
    U.S. Dollar is DONE - The demise of the U.S. dollar is and the "reckoning" is here.
    MoneyMorning.com/US_Dollar

    HONG KONG (AP) - The World Bank is issuing its first bonds denominated in China's yuan in Hong Kong, joining a growing number of bor
    rowers tapping the new debt market as Beijing gradually promotes of its tightly controlled currency abroad.

    The World Bank said buyers of its 500 million yuan ($76 million), two-year bond were mainly Hong Kong-based financial institutions, companies and wealthy individuals. It said the money will go into its general fund, rather than being raised for a specific purpose.

    The yuan is not traded on global currency markets but Beijing has loosened controls and allows Hong Kong banks to use it. Hong Kong is Chinese territory but has its own currency and a Western-style legal system and often is used as a site for mainland companies to interact with foreign investors.

    Beijing began allowing foreign companies to issue yuan debt last year. The Asian Development Bank, Caterpillar Inc. (CAT) and McDonald's Corp. have sold yuan-denominated debt to finance activities in China.
    Buyers of such bonds hope to gain from both interest payments and the growing strength of the yuan, which is rising against the U.S. dollar.

    China is set to gain a bigger say in the World Bank after a restructuring last year to boost the voting power of developing countries. If approved, China will be the third-biggest voting power after the United States and Japan.The World Bank provides low-interest loans and technical assistance to developing countries.

    Beijing is promoting Hong Kong as a platform for yuan-based international banking. Hong Kong banks started handling yuan in 2004 and now offer services ranging from deposits to credit cards to trade financing that allows foreign companies to pay Chinese business partners in yuan.

    Analysts say Beijing wants to see the yuan, also known as the renminbi, or people's money, become a global currency like the dollar or euro, though that could take years or decades.
    http://apnews.myway.com/article/20110105/D9KI6Q3O0.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:14 pm

    China military eyes preemptive nuclear attack in event of crisis
    The newly revealed policy, called ''Lowering the threshold of nuclear threats,'' may contradict China's strategy of no first use of nuclear weapons under any circumstances
    Toyoko Jan 5, 2011

    The Chinese military will consider launching a preemptive nuclear strike if the country finds itself faced with a critical situation in a war with another nuclear state, internal documents showed Wednesday.

    The newly revealed policy, called ‘‘Lowering the threshold of nuclear threats,’’ may contradict China’s strategy of no first use of nuclear weapons under any circumstances, and is likely to fan concern in the United States, Japan and other regional powers about Beijing’s nuclear capability.

    The People’s Liberation Army’s strategic missile forces, the Second Artillery Corps, ‘‘will adjust the nuclear threat policy if a nuclear missile-possessing country carries out a series of air strikes against key strategic targets in our country with absolutely superior conventional weapons,’’ according to the documents, copies of which were obtained by Kyodo News.

    More… http://canadafreepress.com/index.php/article/31800
    http://english.kyodonews.jp/news/2011/01/64900.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:19 pm

    China's Missile and Stealth Fighter Advances Draw U.S. Attention
    By Tony Capaccio - Jan 5, 2011 9:35 AM GMT-1000

    The Pentagon underestimated the speed at which China has developed and fielded a ballistic missile that may be capable of hitting a maneuvering U.S. aircraft carrier, the head of Navy intelligence said today.

    “We’ve been on the mark on an awful lot of our assessments but there has been a handful of things we have underestimated,” Vice Admiral Jack Dorsett told defense reporters. The DF-21D missile now has so-called initial combat capability, he said, according to his analysts and U.S. Pacific Command head Admiral Robert Willard.

    Dorsett said it was too early to tell whether the U.S. also has misjudged China’s capability to build a stealth fighter jet comparable to the U.S. F-22. The purportedly stealthy aircraft, known as the J-20, would be a first for China.

    The Chinese have tested the DF-21D missile over land a sufficient number of times to conclude that “the missile system itself is truly competent and capable,” Dorsett said. Still, China has not yet demonstrated a capability to use the missile effectively in combat situations, he said.

    China’s advances in military technology are drawing close scrutiny and concern from the Pentagon and new Republican- controlled House, particularly when they may jeopardize the dominance of U.S. naval forces in the Pacific region. News of the Chinese advances comes as Congress prepares to consider cuts in the Defense Department budget.

    Chinese Threat


    Defense Secretary Robert Gates said in a Sept. 16 speech that China’s “investments in anti-ship weaponry and ballistic missiles could threaten America’s primary way to project power and help allies in the Pacific -- particularly our forward bases and carrier strike groups.”

    Gates is scheduled to visit China next week for talks seeking to improve military relations.
    link http://www.bloomberg.com/news/2011-01-05/china-s-ballistic-missile-stealth-fighter-advances-draw-attention-of-u-s-.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:46 pm

    Chinese Brands, VW Set to Gain Auto Market Share, Survey Shows
    By Ola Kinnander - Jan 5, 2011 2:01 PM GMT-1000

    Volkswagen, Europe’s largest carmaker, aims to surpass Toyota Motor Corp. as the world’s biggest automaker by 2018. Photographer: Jochen Eckel/Bloomberg

    Chinese car brands will probably increase global market share through 2015, along with Volkswagen AG and Hyundai Motor Co., according to a survey of senior auto executives by KPMG International. Chrysler Group LLC is the most likely loser.

    In the survey of 200 auto executives, 81 percent predicted Chinese manufacturers will boost their market share in the next five years; 75 percent said Volkswagen’s share will rise; 72 percent forecast South Korea’s Hyundai and affiliate Kia Motors Corp. will advance. Forty-eight percent said Chrysler, the U.S. carmaker run by Fiat SpA, will cede market share.

    “As an individual brand, VW is the big winner,” Mike Steventon, a partner at KPMG and author of the report to be presented in London today, said in a phone interview. “It’s the combination of quality and styling that seems to be appealing.”

    Volkswagen, Europe’s largest carmaker, aims to surpass Toyota Motor Corp. as the world’s biggest automaker by 2018. Expanding Chinese companies include Geely Automobile Holdings Ltd., the unit of Zhejiang Geely Holding Group Co., which bought Sweden’s Volvo Cars from Ford Motor Co. in August.

    Continued at http://www.bloomberg.com/news/2011-01-06/chinese-brands-vw-set-to-gain-auto-market-share-survey-shows.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:49 pm

    Hong Kong Lawmakers Agree to Set City's Minimum Wage at HK$28
    By Sophie Leung - Jan 5, 2011 12:48 PM GMT-1000

    Hong Kong lawmakers agreed to set the city’s first statutory minimum wage at HK$28 ($3.60), which may increase costs for employers including Dairy Farm International Holdings Ltd. and Cafe de Coral Holdings Ltd.

    Legislators yesterday rejected amendments and ratified the government’s plan to increase salaries of about 314,600 workers by an average of 17 percent. The new rule takes effect on May 1, according to the Information Services Department’s duty office.

    The introduction of a minimum wage will help Chief Executive Donald Tsang reduce the widening wealth gap and resolve the “social and economic conflicts” that Chinese Premier Wen Jiabao asked Tsang to deal with in December. Hong Kong has the biggest gap between the rich and poor in Asia, according to a United Nations report.

    Workers in the catering and retail industries are among the lowest paid in Hong Kong, with Dairy Farm’s 7-Eleven convenience store chain paying some employees as little as HK$20 an hour, according to an August survey by the People’s Alliance for Minimum Wage, a union-backed group.

    The Chinese fast-food chain Cafe de Coral said in July that the adoption of the minimum wage will be one of the “challenges” for the company this year.

    The number of people living in poverty rose to a record 1.26 million, or about 18.1 percent of the population, in the first half of 2010, from 1.2 million last year, the Hong Kong Council of Social Service, an advisory body to the government, said in an Oct. 3 report.

    http://www.bloomberg.com/news/2011-01-05/hong-kong-s-first-minimum-wage-of-3-60-an-hour-is-approved-by-legislators.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:51 pm

    China Stock Futures Advance as U.S. Data Spurs Economic Recovery Optimism
    By Bloomberg News - Jan 5, 2011 3:29 PM GMT-1000

    China’s stock-index futures rose, signaling gains for the benchmark index, after higher-than- estimated growth in U.S. payrolls and service industries bolstered speculation the economic recovery is picking up.

    Futures on the CSI 300 Index expiring in January, the most active contract, gained 0.4 percent to 3,200 as of 9:16 a.m. local time. China Cosco Holdings Co., the nation’s biggest shipping line, and GD Midea Holding Co., China’s second-biggest publicly traded appliance maker, may advance after forecasting higher profit.

    “Stocks should get a boost from the global economic figures which are very encouraging and show improving fundamentals,” said Li Jun, a strategist at Central China Securities Holding Co. in Shanghai. “In China, the focus is still on inflation. The concern has eased a bit, but signals of further monetary tightening are still there.”

    The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 14.06, or 0.5 percent, to 2,838.59 yesterday. The CSI 300 Index fell 0.4 percent to 3,175.66.

    The Shanghai gauge has gained 1.1 percent this year after dropping 14 percent in 2010, the worst performer among the 14 biggest world benchmark indexes. The government ordered banks to set aside more reserves six times in 2010 and boosted rates twice to tame inflation and curb asset bubbles after record gains in lending and property prices.

    China’s stocks will rise this year and investors should buy when faster inflation triggers rumors of further tightening measures, JPMorgan Asset Management said.

    ‘Extremely Cheap’

    Valuations for some Chinese shares, such as those of developers, “look extremely cheap,” said Howard Wang, head of the Greater China team at the JPMorgan unit, which oversees more than $1.3 trillion of global assets.

    continue at link http://www.bloomberg.com/news/2011-01-06/china-stock-futures-advance-as-u-s-data-spurs-economic-recovery-optimism.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:54 pm


    Wet, cold weather forecast until Jan. 7, 2011/01/05 20:15:26

    The bureau said the mercury is likely to drop sharply from Thursday, with lows of between 9 and 12 degrees Celsius expected that night in northern areas.

    As the chilly weather pattern will be accompanied by precipitation, the bureau did not rule out the possibility of snow falling in mountainous areas such as Yushan and Hehuanshan.
    http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?Type=aLIV&ID=201101050038


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 05, 2011 7:58 pm

    Shares of China Airlines, EVA Air tumble amid oil price concerns 2011/01/05 19:21:25

    Taipei, Jan. 5 (CNA) Shares of China Airlines (CAL) and EVA Airways, Taiwan's two leading international carriers, took a dive Wednesday amid concerns that rising international crude oil prices will impact their profitability, dealers said.


    Selling mounted even further during the trading session as investors were afraid heavy snow in the United States and Europe will affect load factors on the carriers' long haul routes and cut cargo demand, they said.

    CAL fell 3.41 percent to end at NT$24.10 (US$0.83) and EVA Air shed 4.47 percent to close at NT$34.20, while the benchmark weighted index finished 1.67 percent lower at 8,846.31.

    continued at http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201101050031&Type=aECO


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Thu Jan 06, 2011 9:08 am


    China eyes state rail plan - Profit and prestige are seen in building, operating the system

    By TIM SHEEHAN
    The Fresno Bee
    Published: Monday, Jan. 3, 2011 - 1:05 am

    FRESNO -- In the 19th century, laborers from China helped build railroads spanning California and linking the U.S. coasts. In the 21st century, the Chinese may be back -- not for backbreaking labor, but with financial and technological muscle.

    The People's Republic of China has more miles of track for high-speed trains than any country in the world, but California has none.

    The Chinese want in on the state's fledgling high-speed rail project. They're eager to help bankroll and build the system and, eventually, provide the trains to operate on the tracks.

    China's not alone. Eight nations have agreements with the California High-Speed Rail Authority to share information about high-speed rail -- and each wants a piece of California's business.

    "Other countries want to be a part of this because they know high-speed rail can be profitable," said Jeffrey Barker, the authority's deputy executive director. "Their ultimate interest is operating the system."

    Experts suggest that China's economic might -- and government-backed companies -- give it an advantage.

    "China is cash-flush, and its highly subsidized industries are bankrolled with surplus government funds," said Usha Haley, a professor of international business at Massey University in New Zealand and an expert on China's worldwide business strategies. "They're investing in infrastructure around the world ... and if they're bidding in an open-bid process, China will get that bid."

    continued at link
    http://www.sacbee.com/2011/01/03/3295215/china-eyes-state-rail-plan.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Fri Jan 07, 2011 11:46 am

    China plans $1.3bn 'seven-star hotel'
    Jan 7 08:32 AM US/Eastern

    Beijing authorities plan to build a "seven-star hotel" modelled after Dubai's Burj Khalifa -- the world's tallest building -- in a $1.3 billion joint project with Saudi Arabia.


    The hotel will be erected in western Beijing's Mentougou district some 30 kilometres (18 miles) from the Chinese capital's centre, the state-run Beijing Morning Post said in a Thursday report, quoting a local parliamentary meeting.

    A district official, who declined to give his name, confirmed the project and its price tag in comments to AFP on Friday.

    He said that the Saudi side was expected to foot the entire bill but he refused to provide other details, such as why such an expensive project would be located in the underdeveloped rural area.

    The Beijing Morning Post said the building's design would be patterned after the 828-metre (2,717-foot) Burj Khalifa's distinctive slender, tapering design, but did not say how tall the planned structure would be.

    The "seven-star" classification is not officially recognised internationally, as no formal body awards ratings above five stars, but there are a handful of luxury hotels around the world that still use the distinction.

    Dubai's Burj Al Arab is one such establishment, and in Beijing, the Pangu 7 Star Hotel built near the 2008 Olympic stadium also claims the rating.

    The announcement of the Mentougou project comes at a time when China is attempting to crack down on high-end developments and use more land for affordable housing, amid general discontent over soaring property prices.

    http://www.breitbart.com/article.php?id=CNG.dfd1843a9cc600850b4d12dd7048131d.141&show_article=1


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Fri Jan 07, 2011 11:53 am

    China Will Back Europe, Euro With Currency Reserves, Official Yi Pledges
    Europe and the euro will remain among the most important areas of investment for China’s world-record $2.65 trillion of foreign-exchange reserves, a central bank official said in the nation’s latest show of support.

    “The euro and the European financial markets are an important part of the global financial system and were, are and will be one of the most important investment areas for China’s foreign-exchange reserves,” Deputy Governor Yi Gang said in a statement on the central bank’s website.

    China’s statements of support have included Vice Premier Li Keqiang this week expressing confidence in Spain’s financial markets and pledging more purchases of that nation’s debt. In backing European economies, China may help to prop up demand in the region that is its biggest market for exports and also the value of its euro-denominated assets.

    “In the short term, the market will take this as supportive to the euro,” said Mark Williams, a London-based economist at Capital Economics Ltd. “The problems of the euro zone are structurally deep-rooted and not something that China will be able to solve.”

    continued at link http://www.bloomberg.com/news/2011-01-07/china-will-put-currency-reserves-into-europe-euro-central-bank-s-yi-says.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Jan 11, 2011 12:46 pm

    China 'in nuclear power advance'

    China has developed its own technologies that will enable it to reprocess spent nuclear fuel, state television has reported.
    The country has launched an ambitious programme to build a number of new nuclear power stations.

    This latest breakthrough could provide fuel for those plants for years to come.

    Chinese scientists have apparently been working on this technology for 24 years.

    State television says they have now perfected a procedure that will allow them to reprocess spent nuclear fuel.
    It is a complex and costly procedure but the recycled material can be used again to fuel nuclear power stations.

    State television says the country currently has enough known uranium for at most 70 years.
    It claims this new process could mean that supply will now last 3,000 years.

    http://www.bbc.co.uk/news/world-asia-pacific-12107126

    Tough Odds In A China Battle

    Wargaming and simulations have shown that the US would generate a 6-1 kill ratio over Chinese aircraft in the event of a conflict over the Taiwan Strait, but predictions are that the Americans would still lose.


    Even if every US missile destroyed an opponent, there would still be enough surviving attackers to shred US tankers, command and control and intelligence gathering aircraft, says Andrew Davies, program director for operations and capabilities, Australian Strategic Policy Institute (ASPI) in an interview with Aviation Week.

    Another issue: where would U.S. Navy aircraft operate from?

    “The issue that the U.S. has is, can the aircraft carrier get close enough to the fight?” Davies says. “The Chinese have been working since the [Taiwan] Strait crises of 1995-6 to deny the approaches to China to a carrier battle group. That’s why basing becomes an issue. A study that Rand did not formally publish, has a scenario in which the attacking Chinese forces take as many losses as there are American missiles, but there were enough left for them to get among the [airborne]tankers and P-3s [reconnaissance] and [RC-135W] Rivet Joints [intelligence gathering aircraft].

    “The reason [the US] lost was because the Chinese sortie rates and persistence carried the day,” Davies says. “Any American aircraft was operating out of Guam or Okinawa because the airfields in Taiwan were taken out in the first half hour [of the conflict]. So [US] time on station over the Strait is quite limited.”

    http://www.aviationweek.com/aw/blogs/defense/index.jsp?plckController=Blog&plckScript=blogScript&plckElementId=blogDest&plckBlogPage=BlogViewPost&plckPostId=Blog%3A27ec4a53-dcc8-42d0-bd3a-01329aef79a7Post%3Ab786b890-591a-474d-95ee-00b754d2a188


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Jan 11, 2011 12:48 pm


    The Strategic Impact of China's J-XX [J-20]
    Stealth Fighter

    Air Power Australia - Australia's Independent Defence Think Tank

    The emergence of China's new J-XX [J-20] stealth fighter will have a profound strategic impact, for both the United States and its numerous Pacific Rim allies. There can be no doubt that it is proof positive of the absolute and complete failure of the current OSD driven plan for recapitalisation of the United States tactical fighter fleet, and the fleets of its allies. Like the Russian T-50 PAK-FA, the J-XX [J-20] is a “game changer” in the sense that the large scale deployment of operational production examples of these aircraft invalidates all of the key assumptions central to United States and allied air power and force structure planning and development, since the early 1990si.

    Whether the J-XX [J-20] is a proof of concept demonstrator, or a prototype for a volume production combat type, what the design demonstrates is that Chinese engineers have mastered advanced stealth shaping techniques. The design displays repeated application of United States developed shaping design rules used previously in the F-22 Raptor design, and in some portions of the F-35 Joint Strike Fighter design. An observer unfamiliar with the background of the J-XX [J-20] could be forgiven for mistaking the type for a Lockheed-Martin developed productii.

    The accuracy with which the Chengdu engineers replicated key shaping features could be explained by their reverse engineering the design rules from high resolution imagery of US aircraft. However, it also begs some very good questions as to whether this engineering was directly or indirectly aided by less overt means. Exploitation of engineering data acquired by the alleged penetration of United States contractor computer networks would provide equally good or better technical resultsiii.

    Airframe shaping is absolutely critical in stealth design, and determines the bounds on the achievable Radar Cross Section performance of any design. If shaping is done poorly, the aft and lower fuselage design of the F-35 being a cardinal example, no amount of radar absorbent material or coating compatible with the weight and volume needs of fighter design will overcome the resulting performance problems. Conversely, if shaping is done right, the cardinal example being the B-2A Spirit, then progressive upgrades of the radar absorbent materials and/or coatings over the life of the design can be used to further improve its stealthiv.

    By cleverly exploiting contemporary United States developed stealth fighter shaping design rules, Chengdu engineers were able to rapidly get an excellent basic shaping design with a minimum of risk and cost, and significant long term stealth performance growth potential, as Chinese absorbent material and coating, frequency selective radome, low signature antenna and engine nozzle technology mature over time. A derivative of the J-XX [J-20] built in 2025 would thus have a much lower radar signature than a 2015 build of the same airframe.

    The Capability Potential of the J-XX [J-20] Stealth Fighter

    While the introduction of robust stealth shaping is an unprecedented design feature for an indigenous Chinese fighter, another first is an airframe evidently designed for efficient supersonic cruise at high altitudes – the delta-canard configuration is not unlike that adopted by the Russians in the cancelled supercruising MiG MFI design. Supersonic cruise not only kinematically defeats most legacy fighters and Surface to Air Missiles, but confers additional launch range to Air-Air Missiles and smart bombs, provides an energy advantage when merging into close combat, and in a larger design like the J-XX [J-20], yields important productivity gains due to the ability to supercruise to and from targets. The latter can in many circumstances double the effective sortie rate of a bombervvi.

    In terms of gross sizing the J-XX [J-20] most closely resembles the smaller configurations proposed for the FB-22A “theatre bomber”, which was to be a dedicated bomber and ISR airframe, intended to supercruise to targets at combat radii in excess of 1,000 nautical miles, a niche occupied by the TAC/SAC GD F/FB-111 family of aircraft during the Cold War. Claims that the Chengdu design is a “Sino-F-22A” make little sense, if the latter were true the aircraft would be considerably smaller. Unlike the FB-22 proposals, the J-XX [J-20] is clearly intended for air combat and using a canard-delta configuration will provide both efficient supersonic cruise, and good supersonic and transonic manoeuvre performance if fitted with engines of sufficient thrust ratingvii.

    In technological strategy terms the combination of stealth and supercruise yields high lethality and survivability, supercruise yields high per-sortie productivity, and the sizing and thus combat radius of the airframe provide a basic design with the flexibility to be used effectively across the spectrum of roles covered by the Cold War design F/FB-111 and proposed FB-22 families of aircraft. The canard-delta airframe configuration if fully exploited yields sufficient agility to serve effectively in the spectrum of roles covered by the F-15C and F-22A.

    This design therefore provides the PLA-AF with an airframe which could be employed, subject to suitable avionic and weapons fit, across a range of strategically important roles:

    * Long Range / Persistent Interceptor: in this role the J-XX [J-20] would be employed to deny access to the airspace within the footprint of the Second Island Chain, attacking opposing strike aircraft and their fighter escorts;

    * Long Range Air Combat and Escort Fighter: in this role the J-XX [J-20] would be employed offensively, to punch holes through opposing air defences by engaging and destroying defending fighter Combat Air Patrols, AWACS/AEW&C aircraft, and supporting aerial refuelling tankers;

    * Theatre Strike Fighter: in this role the J-XX [J-20] would attack surface targets, in the manner performed by the F/FB-111, F-15E and proposed FB-22, using guided conventional munitions or free fall nuclear bombs; the size of the aircraft would permit weapon bays large enough to carry 3,000 lb or larger bombs;

    * Long Range Theatre Reconnaissance Aircraft: in this role the J-XX [J-20] would be employed to collect radar, imagery and electronic intelligence, emulating aircraft such as the RF-111C/D, the RA-5C, and F-14/TARPS but with the advantage of stealth absent in legacy theatre reconnaissance types;

    * Electronic Attack Platform: in this role the J-XX [J-20] would be employed to suppress opposing radar and communications, using weapon bay carried support jamming equipment, in the manner of the EF-111A Raven;

    * Anti-Satellite Weapon Launch Platform: in this role the J-XX [J-20] would be employed to lift and loft an ASAT missile against an LEO SV, in the manner the US Air Force employed the F-15A and the Vought ASM-135A ASAT during the mid 1980s.
    http://www.ausairpower.net/APA-NOTAM-090111-1.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Jan 11, 2011 6:50 pm

    Bank of China allows U.S. customers to trade yuan

    * Bank of China moves just ahead of Hu visit

    * Latest step in making yuan more flexible

    * Offered to businesses and individuals

    NEW YORK, Jan 11 - State-owned Bank of China Ltd has opened trading in the yuan currency to U.S. customers, according to a posting on the bank's website dated December 2010.

    The move, seen as a strong endorsement of foreign trading in the yuan <CNY=>, or renminbi, comes ahead of a scheduled visit to Washington by Chinese President Hu Jintao next week. The visit may again spotlight China's exchange rate policies.

    The website for the Chinese bank's New York branch said it now lets companies and individuals buy and sell the yuan through accounts with its U.S. branches, although U.S. businesses and individuals can also trade the currency through Western banks.

    Buying and selling in the yuan had been largely confined within China until mid-2010. Trading in the Chinese currency, however, swelled in Hong Kong since China opened trading in the yuan last July. (For details, please click http://www.bocusa.com/portal/Info?id=649&lang=1&)

    "China internationalizing the yuan is all part of slowly giving up the firm grip and control of its trading, which is necessary to ease the capital controls and reform the foreign exchange channels," said David Watt, senior currency strategist at RBC Capital Markets in Toronto.

    "Every step has been a small step. It is with small steps to a more flexible currency, but at their pace and what they are comfortable with. It is also not a shock that the Chinese did this just when they are meeting with U.S. officials," he added.

    China has a pattern of making significant announcements or policy changes ahead of big international meetings with its public officials. Ahead of the G20 meeting in Toronto last year, they loosened the yuan's peg against the dollar.

    U.S. President Barack Obama hosts his Chinese counterpart, Hu Jintao, for a summit on Jan. 19 that is being billed as the most important state visit in 30 years amid concerns about stability on the Korean peninsula and simmering tensions over a ballooning trade gap. For details see [ID:nL3E7CA05U]

    The bank's website, which outlines details of holding renminbi accounts, said the bank offers yuan savings, demand deposit and time deposit accounts to business customers in New York and Los Angeles.

    A savings account requires a minimum balance of the equivalent of $5,000, while the minimum in demand deposit accounts is $3,000.

    http://ph.news.yahoo.com/rtrs/20110111/tbs-us-china-yuan-21231dd.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    investigator

    Posts : 231
    Join date : 2010-05-31

    Re: CHINA NOW

    Post  investigator on Tue Jan 11, 2011 8:40 pm

    I guess it's nice to be able to finally buy the Yuan conveniently online, but I think I'll pass on that, since we can still buy gold and silver at 0% interest in The United States for 20-30% annual returns since 2003, using 0 apr 3-10k credit cards =). $10,000 at 1.20% for a 4 year yuan bond?

    http://www.bocusa.com/portal/Rates?ratesType=2&lang=1&

    I'll pass on that and stick with good ole pms. I don't think it would be very useful at 1% interest for the average middle class person during a dollar crisis, since any money sent to China through their remittance program would be 3000 miles away, during a supply line disruption. The average person isn't going to accept remittance receipts from the Bank of China New York branch at the flea market or any black markets that sprout up =). Unfortunately, such programs seem geared only for the upper-class and rich. Why even hold the yuan offshore when you can hold pms, which would appreciate more then the yuan offshore? Seems to make more sense, for a middle class person to store pms personally, and a little pms offshore compared to Yuan.



    Last edited by investigator on Tue Jan 11, 2011 9:02 pm; edited 1 time in total
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Tue Jan 11, 2011 9:02 pm

    I've been thinking about this and wondering. If the dollar is devalued is the yuan a better place to invest/protect money?

    Then I saw the following article and don't know what to think. If and when the US has a bank holiday the dollar would end up devalued. Is this possible? It is according to some financial experts. Yet just how stable is China's economy? On one hand they are raking in profits for goods yet I read recently that some factories were doing less production. Why? Some of this can be related to their own energy resources or lack there-of. Yet China is where much of the major manufacturing is now taking place. So I'm puzzled. I also read where China was offering to help financially bail out other nations in Europe. Why? It could be a way to dump dollars but this is just speculation on my part. Of course their deal with Russia where they exchange their own currency for oil looked like a way to by-pass the devaluation of the dollar and really pretty smart of Russia and China as they are watching the Fed just print money with no real value backing it. Basically, the US Federal Bank (owned by private parties) are involved in a global ponzi scheme. All paper money - at least US paper money is at risk. So what is someone to do if they want to diversify and protect their assets? Those who can are now moving to precious metals. Then there is the dinar and the risk involved there as well. Where does one invest cash? We all know that the stock market isn't any safer then taking a mini vacation to Reno. Yet, the market seems to be doing okay right now. Why is that?

    To be perfectly frank, the only thing I really trust these days are gold coins.


    The Decoder: Is China headed for financial meltdown?
    China may be losing control of its economy to dubious financial engineering and loan sharks.

    BOSTON — Over the past several years, China has been the engine of global growth and the world’s most important creditor. Its economy muscled its way through the financial crisis largely unscathed. When bad debt knocked Western banks to their knees, China emerged as the global creditor of last resort, financing the U.S. government’s massive bailout programs.

    But now, experts are warning that China’s red-hot economy is catching a contagion of its own. The country is increasingly awash in runaway loans, a development that could have serious implications for China and the global economy.

    The situation has become so precarious that Fitch Ratings, a global credit analysis firm, issued a report last month revealing a litany of messy banking practices associated with aggressive Chinese loan making. The report stated that these practices — involving transferring loans off of banks’ books — constitute “the most disconcerting trend Fitch has observed in China’s banking sector in recent years.”

    Credit is the lifeblood of an economy, the vital fuel of the marketplace. But too much credit can derail an economy. And that’s what China is now confronting.

    In 2010, central planners struggled to restrain the unbridled banking sector.

    continued at link
    http://www.globalpost.com/dispatch/china/110108/global-economy-china-economy-loans


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol
    avatar
    Carol
    Admin
    Admin

    Posts : 21533
    Join date : 2010-04-07
    Location : Hawaii

    Re: CHINA NOW

    Post  Carol on Wed Jan 12, 2011 5:46 pm

    Hong Kong ranked world's freest economy: report
    AFP - Thursday, January 13

    HONG KONG (AFP) - – Hong Kong remained the world's freest place to do business for the 17th year in a row in an annual US league table published Wednesday.

    The United States lost ground and mainland China came 135th in the table compiled by The Heritage Foundation, a conservative Washington-based think tank, and The Wall Street Journal.

    Hong Kong, a former British colony which was returned to China in 1997, edged out regional rival Singapore to claim top spot in the 2011 Index of Economic Freedom.

    After Hong Kong and Singapore, Australia and New Zealand took third and fourth spots respectively.

    Switzerland, Canada, Ireland, Denmark, the United States and Bahrain rounded out the top ten, which is based on criteria including economic openness, trade, the efficiency of domestic regulators, and the rule of law.

    Mainland China was ranked 135 in the list of 179 economies, with Cuba, Zimbabwe and North Korea rounding out the bottom of the list.

    "While the global average score for the 2011 Index has improved since last year, progress has not been uniform across the regions", the report said.

    "Sub-Saharan Africa achieved the largest score improvement", it said, adding that "economic freedom held steady in Europe and actually declined in North America."

    The US fell outside the top six deemed to have an entirely free economy as North America recorded "drops in fiscal freedom and government spending, which now trail the world averages", the report said.

    http://malaysia.news.yahoo.com/afp/20110113/tbs-world-us-economy-hongkong-2486404.html


    _________________
    What is life?
    It is the flash of a firefly in the night, the breath of a buffalo in the wintertime. It is the little shadow which runs across the grass and loses itself in the sunset.

    With deepest respect ~ Aloha & Mahalo, Carol

    Sponsored content

    Re: CHINA NOW

    Post  Sponsored content


      Current date/time is Sat Sep 23, 2017 1:20 pm