Affichage des articles dont le libellé est China. Afficher tous les articles
Affichage des articles dont le libellé est China. Afficher tous les articles

F. William Engdahl — Why China Risks War over Those Wet Rocks


Naked power grab by — the US, conducted under the appearance of a judicial proceeding. China is calling BS and is ready to fight over it on the principle that if lines are not drawn, the US will just seize everything it possibly can under some pretext, through internal subversion or at the point of a gun. China is having none of it.

Engdahl explains the details that the news media are not reporting.

NEO
Why China Risks War over Those Wet Rocks
F. William Engdahl

Also
This exchange between a German journalist and a flamboyant Russian politician [Vladimir Zhirinovsky] who is often compared with Donald Trump, happened more than a month ago on Russia’s popular Channel 1.
Russia Insider
'You Will All Die, Every Last One of You!' Top Russian Politician Blasts NATO Members (Video)
Alexei Pankin

Sputnik — China's Attempt to Purchase Opera Prompts Wagnerian Response From West

American regulators apparently said "no" to China fully buying the Norwegian internet browser company Opera Software in order to prevent Beijing from gaining clout in the market, competitive intelligence expert Yevgeny Yushchyuk told Sputnik….
Sputnik
China's Attempt to Purchase Opera Prompts Wagnerian Response From West

Asia Unhedged — China will struggle to maintain growth pace for wages – stats bureau

Wages in China kept pace with economic growth in the first half of 2016 but maintaining that will be difficult, the country’s statistics bureau said on Sunday.

It cited issues such as overcapacity in China’s coal and steel sectors as well as some declining agricultural prices as taking a toll on salaries.
Maintaining the relationship between the pace of growth and that of wage increases is a challenge requiring “close attention”, Wang Pingping, head of the National Bureau of Statistics’ (NBS) household survey office said, according to the bureau’s website.
Disposable household income, adjusted for inflation, rose 6.5 percent in the first half of the year, compared with economic growth of 6.7 percent, the statistics bureau reported on July 15.
Asia Times
China will struggle to maintain growth pace for wages – stats bureau
Asia Unhedged

Alan Tovey — Juncker tells China to cut steel production or be frozen out of global trade club


What you fall back on when you can't compete.

If the West want a "liberal" free market and free trade policy, then it has no choice but to cut wages to Asian levels. 

Liberalism is the great thing since sliced bread — when it's you that winning.

As a matter of history, pretty much the same thing happened post-WWII. Japan rebuilt its destroyed steel industry, and the US was left with outdated plants that could not compete. Then Japan was the bad guy.

The Telegraph
Juncker tells China to cut steel production or be frozen out of global trade club
Alan Tovey

East Asia Forum — China's Changing Economy...it will Take a While


Cutting through the hype about China being adrift economically and financially. They have a plan for rebalancing away from investment for export to domestic consumption and expansion of the service sector —  and they are working the plan.

A lot of the nonsense about the Chinese economy coming from the West is based on the same neoclassical economics that is hobbling growth in the West owing to "expansionary fiscal austerity" to bolster confidence. China is not buying into that nonsense. Apparently, morons are not in charge there.

Economy Watch

Xinhua — China remains top buyer of US real estate

A total of $27.3 billion, 29,195 houses – What these numbers are saying is China has been the largest buyer of US homes for the second year in a row.

Increasing activity has brought both the dollar volume and number of units sold to levels far exceeding that of any other foreign demographic.
In terms of dollar volume, the Chinese bought 26.7 percent of the total amount of residential property sold, notes Lawrence Yun, chief economist at US National Association of Realtors as quoted by news media on Saturday.
In Profile of International activity in US Residential Real Estate, market researchers at NAR outlined some major trends in Chinese activity in the US market.
Among the major foreign buyers, Chinese buyers tend to purchase residential properties in central cities and suburban areas with relatively higher property prices. The average purchase price among Chinese buyers reached $936,615, almost three times of that of Canadians, the second most generous buyer group.
About a third of Chinese buyers purchased residential property in California, New York, Texas, Washington, and New Jersey. With roughly 39 percent of Chinese buyers buying in states other than these top five states, they are among the more broadly geographically distributed foreign buyer groups.
Ten percent of Chinese buyers made purchase in the city of New York alone. Other buyer groups tend to purchase properties for vacation purposes, while New York drew Asian buyers most likely for reasons related to geographic proximity, cultural similarities, and job opportunities.
Buyers from China were more likely to purchase residential property for the use of a child studying at a US university. 13 percent of Chinese buyers purchased the property for the use of a student.
Foreign buyers from China were more likely to pay cash. Fifty percent of reported transactions were all-cash sales, while among Chinese this number is 71 percent; only 20 percent obtained mortgage from US sources.
Asia Society and Rosen Consulting Group have also published a joint report on Chinese investment in US real estate, suggesting that Chinese investors have spent $110 billion on US properties in the past five years. The number is seen growing by 20 percent every year and may reach $218 billion as of 2020, the report concludes.
A Chinese student purchased the house across the street — 5 bedrooms and a pool. The house was on the market for some time since the owners, a retired couple whose family was grown and left the nest, wanted top dollar and were willing to wait, even though they had already moved out.

China.org.cn
China remains top buyer of US real estate
Xinhua

Reuters — China healthcare costs forcing patients into crippling debt


Not just the US.
Official data show up to 44 percent of families pushed into poverty were impoverished by illness.
The good news is that modern health care is capable of providing treatment for many conditions that were not treatable previously. The bad news that a lot of it is very costly and only the wealthy can afford the best treatment when care is rationed by price.

Reuters
China healthcare costs forcing patients into crippling debt
Adam Jourdan and Ben Hirschler | Shanghai/London

Pepe Escobar — NATO Paranoia Versus Eurasia Integration


The Great Game of geopolitics and the global economy.

Sputnik
NATO Paranoia Versus Eurasia Integration
Pepe Escobar

See also

The Duran
The Warsaw Summit and NATO’s Reckless Bluff
Alexander Mercouris

Xinhua — China to expand public-private partnerships

China's State Council, the country's cabinet, will expand its public-private partnership (PPP) model in a bid to promote mass entrepreneurship and innovation.
Promotion of PPPs is conducive to innovation-driven development, stabilizing economic growth, increasing jobs and improving people's lives, according to a statement released Friday after a State Council executive meeting presided over by Premier Li Keqiang.
The PPP model facilitates cooperation between the government and businesses to use social capital for projects such as water conservation, transportation and environmental protection.
However, supporting polices are inadequate, and private sector participation is still low, the statement said.
The government should step up reforms to investment and financing mechanisms, relax market access in the public service and infrastructure construction sectors, and simplify approval procedures, the statement said.
China should also improve supporting policies on taxation preferences, land use, financing and capital exit, and set up a reasonable system for investment returns, it said.
The meeting also stressed the importance of national auditing, calling to address problems identified in an audit report released last week in order to better use public funds, according to the statement.
China.org,cn
China to expand public-private partnerships
Xinhua

Xinhua — China home to world's biggest green bond market

With its green bonds issued in the first half of the year reaching 75 billion yuan, or 33 percent of the world's total issued in this period, China has quickly become the world's largest green bond market, a central bank economist said on Friday.
The country's demand for green bonds is estimated to be 20 times as much as the current financing, said Ma Jun, chief economist of the research bureau of China's central bank, at a green finance forum on how to use financial instruments to boost development of low-energy and low-pollution industries and tackle climate change.
China has taken a series of measures after promising to hit peak CO2 emissions by around 2030 and slash CO2 emissions per unit of GDP by 60-65 percent from the 2005 level at the Paris Conference on climate change last November.
The two milestone documents, the Green Project Catalog issued by the Green Finance Committee of the China Society of Finance and Banking and the Guideline on Green Bond Issuance by the National Development and Reform Commission in December, have given a solid boost to the country's green bond market.
"In more than half a year, China not only leads in market share, but also in the analytic technique for environmental risks," said Ma.
This March, Industrial and Commercial Bank of China launched a new methodology to help banks understand how stricter environmental protection standards change customers' liability as well as banks' reputations in the eyes of shareholders and depositors.
"The methodology has won a lot of praise from overseas bankers and will influence the global green bond practice as the Chinese market is growing so rapidly," said Ma.
He also noted that China has put green finance high on the agenda for its G20 presidency and created a study group. It will also make recommendations on green finance at the upcoming G20 meeting in Hangzhou this September.
In order for green bonds to play a bigger role in climate change solutions and economic upgrading, the economist said that discount guaranteed loans should be used as an incentive to expand market share, and standards for green bonds must be clarified.
A third-party credit rating agency is inevitable to reduce financing costs of the green bond market, while listed companies must be required to disclose their environmental information, he said.
Good on them.

China.org.cn
China home to world's biggest green bond market
Xinhua

SAL Book: Things that Enslave Part 1

THE ROOT OF THE PROBLEM



The Self-Action Leadership theory and model identifies principles and practices that lead to personal freedom and Existential Growth. To help strike a contrast between right actions and wrong ones, this chapter identifies ten negative behavioral-habits (or shackles) that conversely lead to Existential Atrophy and personal bondage. If embraced, these destructive behaviors can enslave you personally and wreak havoc on relationships, families, communities, organizations, and even entire nations.
Our Nation is full of deep and complex problems. From troubling cultural, political, educational, and familial problems to serious issues involving geopolitics, terrorism, health care, litigation, and income and other inequalities, there is no shortage of serious issues. Many of these problems are so deep and penetrating that entire academic fields and industries spring up in an effort to critique, criticize, address, and even profit from them (sometimes underhandedly so).

The irony is that these problems are not the seeds or roots of the real problems; they are the branches, limbs, and leaves of the real problems. The seeds and roots of any human-caused problem do not originate in organizations or structures. They begin in the minds, hearts, and spirits of individuals. This includes me, you, and everybody else. Systemic institutional problems, therefore, are ultimately the result of the limitations, weaknesses, greed, pride, ego, hatred, selfishness, dishonesty, irresponsibility, illogicality, and in some cases the downright evil, of individuals operating within those systems. Fix or eradicate solvable individual problems, and you will simultaneously prevent avoidable organizational and cultural problems that arise when individuals abdicate personal responsibility and make wrong choices.

Wrongdoing and the abdication of personal responsibility is a cultural cancer that afflicts all echelons of society (i.e. lower class, middle class, upper-class, and the 1%). Ethical tumors exist in the highest offices of business and politics as well. Think about the last time you heard a political figure or business tycoon say, “I take full responsibility,” and then do absolutely nothing to remedy the negative consequences of his or her deleterious judgment or dishonest behavior? Even worse, this abdication is often elevated and glamorized by the dark sides of contemporary fashion, Hollywood, and pop culture in general.

THE PROPER ROLE OF INSTITUTIONS IN INDIVIDUAL LIVES


One of the more foolhardy philosophies contemporarily en vogue is that institutions – particularly government – are responsible for and can fix people’s lives. This ideology, however well intentioned, is fundamentally flawed. Institutions cannot fix people’s lives. Individuals must fix their own lives.

This is not to say that institutions, organizations, schools, churches—and especially families—do not play pivotal roles in the lives of individuals; they do! You cannot make it successfully or happily through life all by yourself. We need the help of others, including organizations, institutions, and in some regards, even government.

The key is the order in which you seek out help. Self-Action Leadership posits that self-reliance is primary whereas other-reliance is secondary. The principle of self-reliance holds that you are primarily responsible to do everything in your power to help and support yourself and those you are responsible for (i.e. spouse, offspring). The principle of other-reliance holds that after you have done all you can, it is appropriate for others to step in and help as needed. There are times in all of our lives when we need the help of others in various ways. At such times, other-reliance can be quite appropriate, but only if we have already exhausted our own capacity to help ourselves.

Temporary aid from others is vital to our Existential Growth. However, temporary aid that turns into a long-term, or even an intergenerational, dole does nothing to existentially elevate individual recipients or the communities, states, and nations in which they reside.

Where possible, temporal aid should be accompanied by educational initiatives that empower recipients to become self-aware, self-disciplined, and ultimately self-reliant. It is so easy to embrace whatever we get for free—Pavlovian conditioning applies to humans as well. Continually receiving aid that you do not pay for or earn leads to inertia, indolence, and a growing sense of unjustified entitlement.

CHARACTER EDUCATION LEGISLATION


Freedom Focused supports the delivery of self-reliance-based educational initiatives to all entitlement recipients who are not terminally ill. It does not, however, promote the legislation of character education beyond this. This is because character, conscience, morality, and even a quality education will never be effectively legislated at the federal level.

Most States already have some kind of legislation that mandate public schools offer various forms of character education. While there are many positive by-products of such legislation, and while we are not on a crusade to end character education legislation (a well-intentioned, and often positive initiative), Freedom Focused holds that it is better if character education initiatives are driven by leaders of individual organizations, districts, schools, and homes—than by politicians.

Character, morality, and culture typically cannot be effectively legislated. Such things are an outgrowth of moral authority, not formal authority.

Formal Authority: Power derived from a position or title

Moral Authority: Power derived from personal influence (i.e. character, integrity, knowledge, capacity, personality, charisma, etc.)

Principle-centered[1] cultures must ultimately be shaped and spearheaded by leaders within the culture itself—not from external authorities seeking to impose their will.
What then ought statesmen, stateswomen, and other titular leaders do? The answer is to consistently make personal decisions rooted in conscience, integrity, and selfless service within the realms of their own stewardship. They should also use the powerful perch of their various platforms, including the bully pulpit, to promote the same principles and practices This includes a commitment to saying what the people need to hear, not just what they want to hear.

ADDRESSING PROBLEMS WITH RIGHT PRINCIPLES & IDEALS


If you study any individual, organization, community, state, or nation that has enjoyed lasting success, you will find that humble adherence to correct principles is what created, drove, and maintained that success. Correct principles, when practiced, become ideals that can be aimed for in the future. When ideals are consistently practiced over time, they can become touchstones that invigorate and empower entire cultures.

IDEALS ARE NOT VALUES


Ideals should not be confused with values. Values are things that are important to you, and they differ from person to person. Ideals, on the other hand, serve as universal targets that all human beings can profit from striving towards. Regardless what race, culture, religion, political persuasion, or ideology you choose to embrace, you will benefit from aligning your thoughts, speech, and actions with certain time-tested ideals. The SAL theory and model outlines just such a set of ideals.

While we may not always fully realize the ideals we aim for, a certain nobility exists in pursuing them to the best of our ability. By continually aiming for ideals, and making course corrections when we fall short, we can stay focused on the thoughts, speech, and actions that lead to power, prosperity, influence, and lasting success.

IDEALS FOR A SUCCESSFUL CIVILIZATION


Right principles--or ideals--form the basis of the success of groups, institutions, and nations. Dr. Niall Ferguson, an esteemed Harvard historian, recently identified six ideals that led to the unprecedented success of Western Civilization over the past 500 years. According to Ferguson, the tremendous advantages that Western Europe and the United States have enjoyed on the world stage during this period of time were not primarily a result of race, geography, or military might. Rather, he attributes it to the occurrence, or practice, of six basic ideals. These ideals include:

  1. Competition 
  2. The Scientific Revolution
  3. The rule of law and representative government
  4. Modern medicine
  5. The consumer society
  6. The work ethic (viz. the Protestant work ethic)[2]

According to Ferguson, any nation that embraces these ideals will produce predictably positive results over time. These successes include expanded educational and career opportunities, freedom of thought, liberty from tyranny, longer and healthier lives, a wide array of purchasing options, and achievement that can only come from individual creativity, diligence, and industry. Ferguson points to countries like China to illustrate how entire nations are currently achieving greater power, influence, and prosperity as they have begun to embrace these same ideals. He also warns that many Western nations, including the United States, are presently in decline as a result of a gradual abandonment of these ideals that made them great in the first place.

IDEALS FOR A SUCCESSFUL LIFE


SAL-Philosophy endorses Ferguson’s premise as it relates to civilizations and offers an analogous set of principles that relate to individual human beings. The SAL Theory and Model presented in Book The Second & Book The Third presents a wide array of these micro ideals, which will eventually produce positive results for any individual who learns and practices them. Before articulating these ideals, we first identify their opposites, which we refer to as the “Ten Shackles of Self-Action Leadership.” These shackles are listed in order from lesser to greater evils:

  1. The abdication of personal responsibility
  2. The scourge of selfishness
  3. The quest to obtain something for nothing
  4. Greed 
  5. Arrogant pride
  6. Dishonesty
  7. Substance abuse and addiction
  8. The irresponsible care and use of sex
  9. Abuse and neglect of loved ones
  10. The devaluation of, and disregard for, human life

Next Blog Post: Chapter 12: Things that Enslave, Part II (Delineating the 10 Shackles)


Notes


[1] Covey, S.R. (1990). Principle Centered Leadership. New York, NY: Fireside.
[2] Ferguson, N. (2011). Civilization: The West and the Rest. New York, NY: Penguin. Pages 12-13.