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File: 12781136287.jpg-(44.07KB, 367x550, srs_chinese_military.jpg)
240516 No.240516 Stickied
All news pertaining to China goes here.

(Remember, click the [-] button if you want to hide this thread.)

Expand all images
No.240523
And for the record I'm aware a lot (but not all) of it's just by one faggot. (Looking at you 96.237.X.X; don't think I've forgotten your past bullshit) If you start posting Malaysia threads or some shit instead, I'm just going to nuke every single one of your posts whenever you spam, replies included.

No.240524
File: 127811391163.jpg-(87.95KB, 600x802, Captain_America_by_emmemmeit.jpg)
240524
So are all other China posts/threads going to be deleted?

No.240525
>>240524
Newer threads, yes. I'll probably lock others.

If this sticky stays as empty as I think it's going to, I'll take it down and just have a ban on china local news.

No.240527
Are you mad? What have you done? You'll cut posting on here in half!!

Anti-China News is what sets us apart now that /new/ is back.

No.240530
>>240527
>Anti-China News is what sets us apart now that /new/ is back.

And now we have an entire thread dedicated to it.

No.240533
>>240527
>Anti-China News is what sets us apart now that /new/ is back.
No, it's what's ruining this board. Thank you Anonex, apparently we're all too retarded/full of trolls to not respond to obvious trollbait.

No.240541
Just gotta say thanks for making this thread Anonex, the shit's really getting out of hand these days.

No.240547
At least 18 provinces, including big cities like Beijing and Shenzhen, have increased the minimum wage by an average of 20 percent from Thursday as officials hint cheap labor may no longer be considered China’s sole competitive edge.

Jiangsu province was the first to increase its minimum wage this year, ushering in the beginning of a nationwide wave that will be followed by 27 provinces and municipalities by the end of this year, the First Financial Daily reported.

Sun Qunyi, an expert with Wage Research Institute at the Ministry of Human Resources and Social Security, said this round of wage increases is compensation to low-income workers since the global economic crisis froze wages in 2009.

The share of personal income in China's gross domestic product has fallen to 39.7 percent in 2005 from 56.5 percent in 1983, statistics released by All-China Federation of Trade Unions showed. Wage increases were also far behind the economic growth.

Despite the increase, the minimum wage is still quite low compared with the average wage level. The average wage in Hainan was 2,077 yuan, but the minimum wage stood only at 630 yuan.

Amid worries that the wage increase may add to the company's operations costs and end China's status as a low-wage manufacturer, Yao Jian, a spokesman with the Ministry of Commerce, explained that China's attraction to foreign investors is not all about cheap labor force, but includes a great market and a complete industry chain.

Yao also said that the wage increase is both in accordance with the government’s efforts to adjust industrial policy and to assist more people to share the achievements of economic development.

Lu Ning, chief commentator of The Shanghai-based Oriental Morning Post, thought the wage increase will not force foreigner-owned companies to pull out China, but can help different regions in China to adjust the economic structure.

The latest round of wage increases also happened after a series of strikes for higher pay at foreign-owned factories, and an expectation of increasing income among Chinese young migrant workers.

http://www.chinadaily.com.cn/china/2010-07/02/content_10053553.htm

No.240548
A couple in a village in South China's Guangdong province has devoted themselves to 10 adopted children, even though they are both jobless and the husband has a walking disability, the local Guangzhou Daily reported Friday.

The couple, both in their 30s, take care of eight girls and two boys, who are between 3 and 17 years old, and their own 2-year-old son. They live in a rented three-story building, which cost them 1,200 yuan ($180) a month, in a remote rural area in Guangdong.


The big family. [Photo/Guangzhou Daily]
The big family has been living on their savings and other people's donations.

The mother was deeply touched by a book that portrays the good deeds of a Western nun in 1998. Since then, she has been interested in finding homeless children. In 2005, she took her first step in setting up the big family by adopting her first child in Chongqing.

After that she came across a man named Zhang Zhongliang on the Internet. Zhang suffered from a walking disability after an illness at the age of 23. The two later got married, but with her condition that Zhang must accept her adopted child, which was just fine with him.

The education of the children was carried out by the couple themselves in an American-style homeschooling.

The father, who studied traditional Chinese medicine, and the middle school graduate mother teach the children about how to be a good and diligent person, in addition to the normal lessons including Chinese, mathematics, music and English.

The children start their lessons at 9:00 am every day. Lessons in the morning include Chinese, music and English. They would also have 25 minutes to do housework during the morning session. After taking dancing, calligraphy and painting lessons in the afternoon, they have plenty of time to play.


http://www.chinadaily.com.cn/china/2010-07/02/content_10053391.htm

No.240550
Hot weather hinders firefighting in north China forest

HUZHONG, Heilongjiang -- More than 20,000 firemen are battling lighting-triggered forest fires in north China as continuous hot weather undermines their efforts, forest fire prevention authorities said.

The fire spotted Saturday continued to spread Wednesday due to high temperatures after having weakened overnight, Sun Zhagen, deputy director of China's National Forest Fire Prevention Headquarters, said.

The forest fire in the Greater Hinggan Mountains in Heilongjiang Province.
More fire fighters and equipment will be sent to control the fire, Sun said.

"As it is too hot to get close to the scene to put out the fire, we have to build fire barriers during the day and battle the blaze at night," said Pang Zhiqiang, a forest policeman.

Temperatures in the Greater Hinggan Mountains Region have been over 37 degrees Celsius recently and seven counties and districts have witnessed record-high temperatures.

Temperatures in Huzhong District hit 39.7 degrees Celsius Saturday, said Na Jihai, the provincial meteorological bureau's chief.

Precipitation from winter to spring was 45 percent lower average, Na said.

Two helicopters were dispatched to conduct artificial precipitation operations but failed.

The dry and hot weather will continue for the next three days, according to the National Meteorological Center of China Meteorological Administration.

"This is a battle between human beings and nature. We have to work hard to win," Sun said.

http://www.chinadaily.com.cn/china/2010-06/30/content_10042408.htm

No.240554
>>240550

CHINA CORRUPT GOVERNMENT CAUSE THE LIGHTNING !!!!!!!!

No.240561
MODS ARE GODS

No.240564
You have got to be kidding me.

No.240565
>>240564
Better one sticky than the entire front page of china.

No.240568
>Looking at you 96.237.X.X; don't think I've forgotten your past bullshit

What else did he do? Was it the political cartoon spammer?

No.240573
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Oh God I'm loling my ass off. But finally, ISN and gweilofag will have to keep this China shit confined to one thread, we can finally discuss Jews and niggers again without them tediously responding to and bumping every single fucking China thread.

No.240576
>>240573
>implying they wont now discuss other news articles.

No.240582
Anonex, what about threads that are obviously posted to troll "gweilos"?

No.240583
I have a feeling we'll be needing an Oakland sticky soon...

No.240599
http://www.maxmind.com/app/locate_demo_ip?ips=96.237.160.255

http://www.maxmind.com/app/locate_demo_ip?ips=96.237.50.100

I was sitting here a bit bored and tried out looking up some IP ranges. Looks like the 96.237.X.X range is generally for Massachusetts, United States.

No.240605
If you want to see what's wrong with Africa, take a trip to the Democratic Republic of Congo. The size of Western Europe, with almost no paved roads, Congo is the sucking vortex where Africa's heart should be. Independent Congo gave the world Mobutu Sese Seko, who for 32 years impoverished his people while traveling the world in a chartered Concorde. His death in 1997 ushered in a civil war that killed 5.4 million people and unleashed a hurricane of rape on tens of thousands more. Today AIDS and malaria are epidemics. Congo, then, is not a place you'd normally associate with a yuppie.
Tell that to Mathis Xu, 26, a manager at a Chinese state construction company whom I met last year. As a languages student in Beijing, Xu took French to be different — and different is what he got. In April 2008, he was selected to translate for the Congolese government and the state-owned China Railway Engineering Corp. (CREC) in negotiations over a $9 billion deal. CREC and others would build thousands of kilometers of roads and railways, 32 hospitals, 145 health centers and two universities — an investment of $6 billion in the kind of infrastructure Congo desperately needs. As partial payment, China would receive $3 billion in concessions to mine the copper and cobalt essential to its growing industries. When the deal was struck that month, Xu found himself posted to Kinshasa as CREC's liaison with the government. "We will transform this city," he exclaims, watching CREC's giant road builders level a hillside in Kinshasa next to the Congo River. "It will be fantastic!"


As more than 300 political figures, business leaders and champions of civil society gather in Cape Town for a forum sponsored by TIME and our corporate cousins at Fortune and CNN, China's role in Africa will be a key part of the discussions. Notwithstanding the Great Recession, many observers think the African economy is poised for great things. Fueled by a commodities boom, the continent's output grew 5% to 7% in both 2007 and '08 and even managed 2% growth in 2009. China is not the only nation that has noticed opportunities in Africa, but it is the one that has taken them most seriously, in ways that may change not just the region's economic landscape but its political one too.
The ambition, speed and scale of Chinese involvement in Africa is extraordinary. According to Chris Alden, author of China in Africa, two-way trade stood at $10 billion in 2000. By 2006, it was $55 billion, and in 2009 it hit $90 billion, making China Africa's single largest trading partner, supplanting the U.S., which did $86 billion in trade with Africa in 2009. Today the Chinese are pumping oil from Sudan to Angola, logging from Liberia to Gabon, mining from Zambia to Ghana and farming from Kenya to Zimbabwe. Chinese contractors are building roads from Equatorial Guinea to Ethiopia, dams from the Congo to the Nile, and hospitals and schools, sports stadiums and presidential palaces across the continent. They are buying too. Acquisitions range from a $5.5 billion stake in South Africa's Standard Bank to a $14 million investment in a mobile-phone company in Somalia.


Beijing insists it is a partner in Africa's development, delivering investment and gaining a new market for its products and new access to resources. Western business leaders say China is on a resource grab. They worry that it is playing unfairly, undercutting them by paying low wages; skirting standards on safety, the environment and human rights; and coordinating commerce, assistance and diplomacy in ways impossible, not to say illegal, in the West. The truth is somewhere in between. To the extent that China is using Africa as an experiment — to try out ideas of how it might be in the world — it is worthy of close study. To do that, we must answer two questions: How is China changing Africa? And how is Africa changing China?
Let's go back to Kinshasa. Congo's got problems. The Western way of helping has been with aid — multilateral, bilateral or through self-funding religious groups and NGOs. To stem fighting in the east, Congo has a 21,000-strong U.N. peacekeeping force, MONUC, the biggest in the world. These efforts have had mixed success. The war hasn't ended, and the world's loans to Congo have helped fuel corruption. Little has been done to address Congo's infrastructure. Coordinating aid among so many groups and nations remains difficult.
Enter China. Beijing doesn't do gifts; it does deals. In Congo, China's infrastructure-for-mines deal irked the International Monetary Fund (IMF). The IMF argued that Congo's guarantee to China that it would recoup at least $3 billion in minerals was an IOU on Congo's national assets and therefore a new debt. That fell afoul of debt-write-off conditions, which require that the debtor take on no new loans. "If the Congolese take the Chinese deal," said a Western official familiar with the negotiations in mid-2009, "they will not get any more [Western] support." A standoff ensued. An earlier deal, in 2007 with Angola, had also outraged the IMF, which had been negotiating a new loan with Angola for years, with carefully calibrated conditions to block corruption and alleviate poverty. By paying Luanda $5 billion in return for oil concessions and infrastructure contracts, China effectively made the IMF redundant. Diplomats across Africa like to say the continent offers space for everyone. But what's happening in Angola and Congo is a new scramble for Africa. Xu, the translator, has no doubt that he is engaged in an intense rivalry. "Not everybody is pleased to see us here, that's for sure. But we are not going to lose."
For all the heat, IMF officials admit that the Chinese model for African development has some advantages. First, it's quick. Loan talks with multilateral agencies take years. The China-Angola discussions took weeks. "With the West, there are studies, analyses and bureaucracy," says the Western official. "The Chinese just ask what the government wants, and they don't question or comment or judge. They just do it." China also works as visibly as it does quickly. Drive across almost any African country today, and you'll find Chinese engineers by the side of the road, sleeves rolled up, overseeing work crews. IMF officials in suits crunching numbers inside air-conditioned compounds just don't have the same kind of dash. "What we do is always in the shade," complains an IMF staffer in Africa. "Macroeconomic stability — what is that? You can't show it on camera."


The Asian model of development is looking increasingly attractive in ways beyond aid. African governments look at Western economic instability over the past two years and find a better model in Asia's extraordinary growth. Special economic zones, one of the engines of China's growth for two decades, are popping up across the continent. But what really distinguishes Chinese businesspeople from their Western rivals in Africa is how risk-happy they seem. Barely a month goes by without the announcement of a new billion-dollar investment in one of the world's least stable countries. The latest? A stunning $23 billion deal in May to rebuild Nigeria's oil-refining capacity. For Chinese businesses, having the backing of a rich state that packages aid with commerce and has an extended time horizon cuts risk significantly. Wu Zexian, Chinese ambassador to Congo, elaborates on this new model of development assistance. "Before, African countries never profited from their resources. Now they help them build infrastructure. Other countries say, This country has a lot of problems. We say, This country has huge potential." The key is long-term vision. "Yes, there is a risk," says Wu. "But in 50 years, we will still be here. So will Congo and the mines. Short term: sure, problems. Long term: not much risk."
So how is Africa changing China? In 2005, 49 workers died in an accident at a Chinese mining-explosives factory in Chambishi, Zambia. Populist opposition leader Michael Sata accused the government of selling out the country to Beijing, a stance that earned him wide support in the 2006 and '08 elections. His views on China are colorful and expressed in terms that many Chinese would find deeply offensive. "In every part of Zambia, the Chinaman is there, packed eight to a room," he says at his office in Lusaka. "What the Chinaman is doing, nobody knows."


Zambia is just one country in Africa where China's presence has provoked criticism. In South Africa, China found itself rebutting warnings from former President Thabo Mbeki about a new "colonial relationship." In Ethiopia, China had to take sides in a separatist conflict in April 2007 when Ogaden National Liberation Front rebels killed 74 workers, nine of whom were Chinese, at a Chinese oil-field installation. The same year, a Chinese engineer was killed in an attack on a stone-material plant in Mombasa, Kenya, and Chinese oil workers have been kidnapped by rebels in Nigeria. Chinese migrants fought pitched battles with Algerians in their capital, Algiers, last year.
So China is trying to explain itself. Chinese bankers, academics and diplomats now take star turns at economic summits across the continent. "There is a mistrust of China," says Wu. "We have to speak to be understood." China has done more than just speak. It has also, in some cases, abandoned its long-standing policy of noninterference in the internal affairs of sovereign states. Liu Guijin, China's special representative to Africa and its top diplomat on the continent, calls himself a "political troubleshooter" and says he spends a lot of time in Sudan mediating the conflict in Darfur. That sounds like a definite departure. "Perhaps we are having a flexible interpretation of noninterference," Liu replies with a laugh. After an earlier reluctance, China is now the fourth largest contributor of troops to peacekeeping operations; its soldiers are on the ground in Liberia, Sudan and Congo as part of U.N. operations.


One man's flexibility can be another's willingness to do deals with anyone. But China is becoming more sensitive to that criticism too. In Zimbabwe, China is often accused of helping keep Robert Mugabe in power. Not so, contends a senior member of the Movement for Democratic Change (MDC) Party, who says China went to "huge lengths" to ensure that MDC Prime Minister Morgan Tsvangirai, not Mugabe, got credit for a new $950 million loan in July 2009.
Mirroring the changes taking place in China itself, China's relationship with Africa is "changing and maturing month by month as both parties better understand each other," says Geoffrey White, CEO of the trans-African conglomerate Lonrho. It was that spirit that persuaded China to drop details in its Congo deal that the IMF found objectionable as well as cut the infrastructure part of the deal from $6 billion to $3 billion. Liu says that while China and the West have "different priorities, different approaches and different ways of doing things, we need China and [the West] to make efforts to align their interests and policies."
There are limits to how far China will go. It will continue to pursue warm relations with all African countries, whether they are democracies or dictatorships, partly because each African country represents a potential vote against Taiwan's efforts to gain diplomatic recognition. China's commitment to nonintervention also remains strong; it has, for example, not supported the International Criminal Court in its attempts to prosecute Sudanese President Omar al-Bashir for war crimes.
For all the tangled tale of aid, investment and diplomacy, what China has really brought to Africa is a change in the way the rest of the world thinks of the continent. China has helped transform the idea of Africa from a destination for charity to a place for business. In 2006, for the first time, flows of foreign direct investment (FDI) into Africa were greater than the amount of aid — $48 billion of FDI, vs. $40 billion of aid, according to the Organization for Economic Cooperation and Development. And the numbers keep growing. In 2008, according to the U.N. trade body UNCTAD, FDI hit $88 billion. "Trade, not aid" is the new mantra of influential African leaders like Rwandan President Paul Kagame.
China's largesse, whatever the explanations for its arrival in Africa, has left a mark. As the representative of the Zambian Mineworkers Union at the Chambishi complex where the 49 workers died, Mwinbe Stanslas, 45, might be expected to sound a note of caution about China's expansion. He does not. "I've worked for the British, the Americans, a Jew and the Swiss," he says. "They all closed. The way the Chinese are investing, they're not leaving. My boy will get a job in this mine, and his boy after him. China is taking over. And I tell you, it's a blessing."


http://www.time.com/time/specials/packages/article/0,28804,2000110_2000287_2000276-2,00.html#ixzz0sZrOgqM3

No.240619
Great Wall Chinese Restaurant has reopened after undergoing renovations.

The main dining room looks austere by oriental standards, but the manager says they are still to put in the finishing touches and we can presumably expect the typical gaudy appearance soon.

Obviously more than a few regulars are still unaware that The Great Wall is back in business and it was half empty during this week’s Wednesday peak lunch period.

Upon entering, I was accosted by a very friendly waiter who saw me to the desired table in some dim corner, where I could observe without being the centre of attraction.

I think someone has given all waiters an instruction to "smile, smile and smile" or they just pick up the ones with ready smiles in the first place.

Being a cold day, I could not stomach the thought of a cold drink in my hand, and asked for some green tea, while I studied the menu and made my choice. It was just the perfect day for a soup. I did not need any heartwarming, but any addition to the body heat would certainly be welcome.

Thought of the watery and gingery Won Ton held no appeal.

Chicken noodles soup, I decided, would be just the thing. The soup was rather plain of sight and plain of taste.

I would hazard a guess that the recipe goes something like, "make a paste of cornflour and cold water, bring to the boil, add a few chunks of chicken breasts, toss in a bit of boiled noodles, no seasoning and serve hot".

I slurped away and discovered that the soup actually grows on you, and as you eat it becomes slightly more enjoyable with a hint of some barely there ingredients which are too nebulous to identify. But I personally will not be ordering it again any time soon, I really prefer a soup that is punchy.

After a lengthy discourse with the very patient waiter, I settled on duck chop suey with plain chow mein. I did not have long to wait before the loaded plates were presented. I wish someone would tell the Chinese Restaurants that it is conceivable for someone to have lunch alone and that it is not a social aberration to serve single portions!

And that it would be a nice thing if they did not assume that all the barbarians who come calling are unable to use chop sticks and must be presented with western cutlery.

Try eating pasta out of a cup using a fork and you will understand my frustration at having to request for chopsticks all the time. The duck chop suey was lovely with the cubed duck pieces cooked to a point where the thick skin was nice and tender. The vegetables were plentiful and still crisp. The noodles were fried rather than plain, and I ended up with more grease than I would have liked.

There was plenty of choice for dessert, with things like baked or fried bananas served with cream.

I virtuously sipped more cups of my green tea and resisted. The main course was really enough.

The Great Wall is still a great place for Chinese food and a good gossip with a friend, you need someone to share the food with.

Expect to spend

Soup

Chow mein

Duck chop suey

Pot of tea

Total $22

Ratings

Courtesy — excellent

Ambience — still shaping up

Service — very efficient

Food — good

Value for money — a bit high, especially for one

Overall rating 3

Ratings

5-Excellent

4-Outstanding

3-Good

2-Okay

1-If there is no choice

0-If there is a gun held to your head

http://www.herald.co.zw/inside.aspx?sectid=20797&cat=3

No.240633
China's central bank set the yuan's reference central parity rate on Friday to its highest level against the dollar since 2005's revaluation, despite growing concerns about the economic slow-down in China and the rest of the world.

But analysts said the strong rise of the yuan could be temporary because it is a result of the recent weakening of the dollar and strengthening of the euro.

"Once the dollar weakening stops, the yuan could weaken again," said Liu Dongliang, chief currency analyst at China Merchants Bank.

The People's Bank of China set the yuan's reference rate at 6.772, up more than 0.8 percent compared to the 6.83 it was two weeks ago when the authorities announced the yuan would be made more flexible.

In market trading, the yuan rose as far as 6.7808 against the dollar on Thursday, a whisker from Wednesday's peak of 6.7801, the highest since its July 2005 revaluation.

Yuan forwards completed a fourth weekly gain as the euro rallied against the dollar following Spain's successful sale of bonds at auction on Thursday.

Twelve-month non-deliverable forwards jumped 0.2 percent to 6.6690 per dollar as of 5:37 pm in Hong Kong and strengthened 0.14 percent during the week. The performance reflects bets that the yuan will appreciate 1.5 percent in one year.

"The rise of the yuan against the dollar is not surprising," said Liu.

He explained that it was a "technical" appreciation because of the weakening dollar and rising euro.

"It's not strong enough to invite the central bank's intervention."

According to analysts, fluctuations in the yuan are closely related to major currencies, such as the dollar and euro, and China's currency can move because of the volatile international economy.

He Liping, dean of the financial department at Beijing Normal University, predicted the yuan will not rise significantly because economic conditions will become stable.

"There will not be drastic changes in the value of the yuan," he said, explaining that both the Chinese and global economy will stabilize in the second half of the year.

Overall, the global economic situation will not change much, with some countries recording more solid recoveries and others recovering slowly, he said.

The global stock markets have fared poorly during the past week, which reflected concern about the economic slow-down in China and the rest of the world, with China's benchmark Shanghai Composite Index dropping to a 15-month intraday low in afternoon trading on Friday.

The index shed 6.7 percent during the week, its biggest weekly loss since March 2009.

"The stock markets sometimes simply over-react," said He.

Wang Tao, head of China Economic Research at UBS Securities, was confident the Chinese economy will not suffer a "hard-landing".

"The short answer is no," she said in a research note.

UBS Securities maintained its GDP growth forecast for China for 2010 and 2011 at 10 percent and 8.7 percent, respectively.

http://news.xinhuanet.com/english2010/indepth/2010-07/03/c_13381667.htm

No.240638
Seumas Milne is quite correct (These strikes are good for China, 1 July) that China needs to boost consumption and that wage rises are one way of doing this. But the picture is considerably more complex and nuanced than he suggests. The strikes have been solely at companies owned by Japanese and Taiwanese – no mainland firms have been affected. They have been in a small area of Guangdong. Companies affected will react by increasing productivity through use of new machines that require fewer workers. They will move production from the coast to inland areas where wages are lower – Foxconn has already announced plans to expand its labour force inland to 300,000.

The wage rises announced on 1 July apply only to minimum wages and do not affect higher-paid workers. Up to 50% of the earnings of Chinese industrial workers comes from overtime, which is not affected either. Without effective health, education or pensions systems, precautionary savings will remain high and present a deterrent to consumption spending.

Finally, the past 30 years have shown no evidence that rising living standards on the mainland lead to "progressive democratic change".

It would be nice to think that we are witnessing a decisive shift in the Chinese model but, as with the currency, it would be wiser to be patient if recent history is any guide. Milne refers to Hu Jintao's "attempt to reduce inequality", but the share of wages in China's GDP has slumped from 53% of GDP to 40% in the last 10 years, while the Gini coefficient measuring wealth disparities has steadily widened.

http://www.guardian.co.uk/world/2010/jul/03/inequality-in-china-has-widened?

No.240639
File: 127812305834.jpg-(45.74KB, 773x317, athens is chinese.jpg)
240639

No.240640
Striking employees at a Japanese-owned electronics factory in the Chinese city of Tianjin have stalled production for a third day and vowed to continue their fight until bosses stump up decent pay and benefits.

It is the latest in a spate of work stoppages to hit foreign transnationals operating in China, where workers are increasingly exercising their social rights at the same time as their government is implementing policies designed to boost domestic consumption.

In Tokyo, Mitsumi Electric Company spokesman Yoshitsugu Murakami said that production lines at its Tianjin factory have been stalled since Tuesday.

Workers at the factory produce electrical appliances parts ranging from audio tuners and antennas to power switches.

They have hung large banners outside the factory gate reading: "Human traffickers are not welcome," "We want a pay rise" and "We want fair treatment."

A worker who gave her surname as Wang said that employees at the Tianjin Mitsumi Electric plant, who are all unionised, were demanding decent pay and better working conditions.

"We're on strike because the factory has never increased our wages and they keep increasing our workload - it's too tiring," Wang explained.

Another worker who declined to be identified said that he received just 1,500 yuan (£145) a month after working on Saturdays and putting in two hours overtime every working day.

Strikes have recently disrupted production at Japanese corporations Toyota and Honda based in the Pearl River delta export hub.

Japanese firms are particularly vulnerable to strikes due to their tight supply chains.

http://www.morningstaronline.co.uk/index.php/news/content/view/full/92267?

No.240645
lol chinks think they have the right to strike

No.240651
BEIJING -- China has installed about 40,000 high-definition surveillance cameras in the western region of Xinjiang days before the anniversary of the country's worst ethnic violence in decades.

The security cameras with "riot-proof" protective shells will be monitored by police at more than 4,000 public locations, including on city streets and buses and in schools and shopping malls, city government spokesman Ma Xinchun said Friday.

Long-simmering tensions between Xinjiang's minority Uighurs and majority Han Chinese turned into open violence in the streets of Urumqi -- the capital of the traditionally Muslim region -- last July. The government says 197 people were killed. Beijing accused overseas Uighur groups of plotting the violence, but exile groups denied that assertion.

China appeared caught by surprise a year ago when anger over a brawl between Uighurs and Han in another part of the country boiled over despite Xinjiang's typically high police presence and tight Internet monitoring. After the July 5 violence, the region's Internet, international telephone and text-messaging links to the outside world were not restored for more than half a year.

The installation of the cameras follows a crackdown on violent crime launched in Xinjiang last month, as well as the hiring of about 5,000 police officers there.

Beijing labels those opposing Chinese authority over Xinjiang as terrorists. Late last month it announced that it had uncovered a gang of "hard-core terrorists" who it said had plotted attacks in southern Xinjiang cities between July and October last year. Public Security Ministry spokesman Wu Heping took no questions from reporters, and his assertions could not be independently verified.

The announcement came a day after Xinjiang officials launched a "Love the great motherland, build a beautiful homeland" patriotic education campaign aimed at establishing that "the ethnic minorities are inseparable from the Han."

The Washington-based Uyghur Human Rights Project on Friday called for the Chinese government to support an independent, international investigation into last year's violence. The group also asked officials to release Uighurs it says have been detained without charge, end the use of crackdowns and address the issues behind the region's tensions.

Many Uighurs say they suffer discrimination in jobs and cannot get loans and passports, but Han Chinese in Xinjiang accuse them of being more concerned with religion than business.

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/02/AR2010070204917.html?

No.240652
File: 12781245728.jpg-(403.60KB, 800x1800, guide to china appoligists.jpg)
240652

No.240664
File: 127812778284.jpg-(86.31KB, 333x491, china.jpg)
240664

No.240667
DALIAN - Sun Rujie, a 25-year-old PhD candidate at the University of Utah in the United States, has decided to start his own business back in China in pursuit of more opportunities.

The favorable policies for returning scholars are very attractive. Besides, I prefer the Chinese cultural environment," he said.

Like Sun, more overseas Chinese scholars are returning home.

More than 1,600 Chinese scholars who are studying or working abroad attended CHINAOCS, which ended on Thursday in Dalian. They submitted nearly 1,000 projects, covering electronic information, biological medicine, advanced manufacturing, new materials, energy efficiency, environmental protection and agriculture technology.

The number of Chinese scholars who have returned home after studying abroad in the last 30 years is almost 497,400, said Wang Xiaochu, vice-minister of human resources and social security.
"In 2009, the number of returning scholars exceeded 100,000, up 56.2 percent year-on-year," Wang said.

Wang said over 800 high-level overseas scholars have signed up with the "Thousand Talents" program, which was launched by the central government in 2008 in a bid to attract 2,000 overseas experts and entrepreneurs within five to 10 years.

During CHINAOCS 2010, the website of the Thousand Talents program, www.1000plan.org, was officially launched. It aims to build a bridge between overseas talent and domestic government officials. Policies and job vacancies are listed online.

The three-day conference also attracted delegates from 25 provinces and cities, introducing their policies to lure overseas talents. More than 8,000 vacancies in government institutions, universities, laboratories, big companies and State-owned enterprises were on offer.

Of all the vacancies, 85 percent require candidates with master's degree or doctoral degrees. Most of them include labs and houses. Some universities offer annual salaries as high as 1 million yuan ($147,000) for academic leaders.

Launched in 2000, CHINAOCS has attracted more than 2,400 overseas scholars to return and they have set up more than 1,600 enterprises, said Dalian Party secretary Xia Deren.

http://www.chinadaily.com.cn/china/2010-07/03/content_10054558.htm?

No.240668
>>240667
Exactly why this idea doesn't work. No debates, just desperate article flooding by the samefag who made all the reports and sages because the discussions were above his head. Now /n/ is like any other board and has lost it's charm and anchor.

No.240669
>>240668
Tough shit. The spammer caused this by flooding the board with nothing but China threads. I imagine once he learns his lesson and cuts his crap out we'll be able to have the occasional China thread mixed in with the rest of the news.

Don't like that? Then go elsewhere.

No.240670
>>240668
/n/ was fine before the pages of spam of china bullshit, and it's fine now. If you don't want to actually discuss the articles being posted in this sticky, that's fine, but the stories are being posted at the same rate that the threads were appearing so it looks like it's all in your head.

No.240676
>>240670
Back to back with no comments, ie a flood of shit? I don't think so, Tim, they were interspersed with other non-china articles as well.

No.240680
>>240676
0/10. You don't know /n/+ then.

No.240682
>>240680
I don't think you do. Besides, the articles were posted before mostly to incite debate which many did, not for generic news for the sake of it like this thread. You're just a butthurt weasel, but if these are the owner's rules now, /n/ will still be a better alternative to /new/

No.240686
lmao

No.240689
anti-Chi/n/ese owned.

cya, fags.

No.240691
>>240689
ISN wins, Flawless victory.

No.240705
>>240689
>anti-Chi/n/ese owned.

wut

No.240711
  >>240689
You were too beautiful for /n/

No.240716
>>240682
Sorry brah but I was on /n/+ before /n/ was shut down over on 4chon. The articles at first were done for debate, then it became nothing but trollish spamming to incite rage and bitching. Sorry, but /n/+ isn't a personal resort for two or three people to create a shitstorm on a constant basis. I don't mind, or even care, if they did it every once in a while. That keeps things fresh. However, turning /n/+ into a cesspool for the sake of their own amusement isn't going to stand any longer.

Get a grip, a clue, and better yourself. As it stands right now, you aren't worth any more of my time.

No.240720
>>240716
As much as I may or may not agree with you, I should point out:
> but I was on /n/+ before /n/ was shut down over on 4chon.
+/n/ was made a few days after it shut down on 4chan; it was a direct response to that happening. So, no, you weren't.

Point is, China threads lately have been mostly just local/human interest/opinion/etc; posted en masse, with mostly shitstorming about the flooding of china threads going on in each and comparatively little actual debate. This sticky's turning out the exact same way unsurprisingly, but at least it's not taking up half the board, so I'm fine with it. Up to you all if you want to use this thread for its intended purpose instead of debating the merits of two dozen china threads a week.

No.240721
>>240720
It was on whatever makeshift board we used for /n/ before the official /n/+ board was up. So yes, yes I was.

I consider the time we spent posting articles on /n/ (trans) to still be old /n/.

No.240723
>>240721
That wasn't /n/+; that was on a different *chan.

No.240724
>>240682
>I don't think you do. Besides, the articles were posted before mostly to incite debate which many did, not for generic news for the sake of it like this thread. You're just a butthurt weasel, but if these are the owner's rules now, /n/ will still be a better alternative to /new/

If it's the same debate over what people think of China then it seems appropriate to just keep it to one thread. It's not as though any of the China threads would keep to the topic involved with whatever story was posted as long as the penis obsessed guy kept popping up.

No.240728
>>240723
Well whatever it was, I was over on /n/+ before it hit page 3. My terrible memory aside, my point still stands.

No.240731
Fuck you, OP. How dare you open a thread against my arch-enemy China, only to post an OP that makes me want to fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap fap

No.240738
Chinese military is 可愛~

No.240741
>>240738
uguu~~

No.240758
File: 127816879428.jpg-(43.56KB, 720x427, china2.jpg)
240758

No.240788
>>240758
new google news sucks

No.240789
>>240758
That's freaking sweet.

No.240858
>>240788

Agreed.

No.240860
Oh, side note- that shit with the thread being deleted along with the same china video being posted over and over or whatever a while back?

The thread was deleted because the mod that took care of it nuked the user's posts rather than hunting them all down, and the person spamming the videos also created that thread. That won't be happening again in the future. Sorry.

No.240862
>>240860
Sure is lazy moderating in here.

No.240883
>>240860
Are you planning to shut down this /n/ anytime soon?

/new/ is staying put.

No.240885
>>240883
Anonex said he'd can /n/ if /new/ stayed up and if posting here dropped off substantially.

No.240887
>>240883
Butthurt /baw/er detected.

No.240888
>>240887
I believe /baw/ler is the usual term, but no matter.

Anyway, isn't it odd the way so many /baw/lers appear to resent /n/? We generally mind our own business, and rarely, if ever, annoy them by posting troll threads over there or anything. I don't get it.

No.240890
>>240888

As stated on ED's /n/ article, /baw/ is plus4chan's aptly named lair of faggotry.

No.240905
>>240890
Wow, that article's grown since I last saw it.

>>240883
I have no plans to shut down /n/. It's staying as long as it stays active.

I MAY at some point restructure the site to make it more obvious that [+/n/] and [everything else] are essentially two different chans/userbases (no, this doesn't mean "hide /n/ or remove it from the menus"), but that's about it.

No.240907
>>240890
>/n/ is a Russiophobic image board entirely devoted to discussion of Anti-Russian News.
wow this is out of date

No.240910
>>240905
Ha ha wait what, that article says Athens and MagnumOpus are janitors? We don't have any janitors.

Pepe's the only mod now aside from me, since I fired the other one for bullshit. Actually, nevermind, just fired Pepe; he's only logged in to check reports a grand total of once in the past month or so.

I should probably hire someone new that's actually active.

No.240912
>>240910
inb4 ISN

No.240915
>Actually, nevermind, just fired Pepe; he's only logged in to check reports a grand total of once in the past month or so.

ICE is actually doing their job?

No.240917
>>240910
My ancient offer to be a janitor still stands. I check /n/ at least once every day.

No.240968
Why you fire me? I do good job, open main page every day, check that there's no spam nor CP and clean up the frivolous reports every now and then...

No.240970
>>240968
because you dont have your work papers

No.240974
>>240968
I've told you a few times that part of it is logging in to check and clear reports, not just skim the pages.

For several months, I've left frivolous reports up for weeks at a time to see if you'd log in and clear them, and you rarely log in, and don't usually clear them when you do. I've been basically taking care of reports on my own.

I've considered 'firing' in the past because of this, but instead before I've just asked you to check and clear reports regularly. I'll just skip that this time. Thank you for the work you've done, but I think I've got it under control.

No.240975
>>240968
Also I keep getting emails in Spanish for one reason or another and you're apparently the source.

No.240977
>>240689
>anti-Chi/n/ese owned.

How, exactly?

No.240980
>>240664
lolling

No.240981
File: 127824126070.jpg-(32.56KB, 237x227, Mexican_Sleeping.jpg)
240981
> just fired Pepe; he's only logged in to check reports a grand total of once in the past month or so.

Pepe was useless. I think the only reason he got the gig was he was a tripfag. Who is logged on? Anoymous, Anoymous, Anoymous, and Pepe. Hey, I think I'll choose Pepe. But when we had cp scat posted or ISM porn it would stay up despite being reported.

As for Moot's /new/. Who gives a fuck? It's a far cry from the old /n. We are closer. We will triumph. Now I must fap to that kawaii Chinese soldier.

No.240989
File: 127824595449.jpg-(56.36KB, 500x501, 1252407129399.jpg)
240989
>kawaii Chinese soldier
Als ob.

No.240997
just curious: how many people still check /n/?

No.241020
>>240997
moot's /n/?
I for time to time, like, every three weeks or so, then I run away from the lack of real news and go back in another three weeks.

No.241143
File: 12783472558.jpg-(61.07KB, 353x510, 54758152.jpg)
241143
An American geologist held and tortured by China's state security agents was sentenced to eight years in prison Monday for gathering data on the Chinese oil industry in a case that highlights the government's use of vague secrets laws to restrict business information.

In pronouncing Xue Feng guilty of spying and collecting state secrets, the Beijing No. 1 Intermediate People's Court said his actions "endangered our country's national security."

Its verdict said Xue received documents on geological conditions of onshore oil wells and a data base that gave the coordinates of more than 30,000 oil and gas wells belonging to China National Petroleum Corporation and listed subsidiary PetroChina Ltd. That information, it said, was sold to IHS Energy, the U.S. consultancy Xue worked for and now known as IHS Inc.

The sentence of eight years is close to the recommended legal limit of 10 for all but extremely serious violations. Though Xue, now 45 and known as a meticulous, driven researcher, showed no emotion when the court announced the verdict, it stunned his lawyer and his sister, his only family member allowed in the courtroom.

"I can't describe how I feel. It's definitely unacceptable," Xue's wife, Nan Kang, said by telephone, sobbing, from their home in a Houston, Texas, suburb where she lives with their two children.

U.S. Ambassador to China Jon Huntsman attended the hearing to display Washington's interest in the case. He left without commenting and the U.S. Embassy issued a statement calling for Xue's immediate release and deportation to the United States.

Xue's sentence punctuates a case that has dragged on for more than two-and-a-half years and is likely to alarm foreign businesses unsure when normal business activities elsewhere might conflict with China's vague state security laws.

Chinese officials have wide authority to classify information as state secrets. Draft regulations released by the government in April said business secrets of major state companies qualify as state secrets.

"This is a very harsh sentence," said John Kamm, an American human rights campaigner whom the State Department turned to for help last year to lobby for Xue's release. "It's a huge disappointment and will send very real shivers up the spines of businesses that do business in China."

Agents from China's internal security agency detained Xue in November 2007 and tortured him, stubbing lit cigarettes into his arms in the early days of his detention. His case first became public when The Associated Press reported on it last November.

Like IHS, many multinationals have come to rely on people like Xue to run their China operations. Another China-born foreign national, Australian Stern Hu who worked for the global mining firm Rio Tinto, was sentenced in March to 10 years for bribery and infringing trade secrets that dealt with iron ore sales to Chinese companies.

Born in China, Xue earned a doctorate at the University of Chicago and became a U.S. citizen, returning to his native country to work. By all accounts, including witness statements cited in the court verdict, Xue poured his energies into his work for IHS, trying to gather information on China's oil industry, contacting former school mates from his university days in China.

Two of the three other defendants sentenced along with Xue on Monday were school mates. Chen Mengjin and Li Dongxu, who worked for research institutes affiliated with PetroChina were each given two-and-a-half-year sentences and fined 50,000 yuan ($7,500). The other defendant, Li Yongbo, a manager at Beijing Licheng Zhongyou Oil Technology Development Co., was sentenced to eight years and fined 200,000 yuan ($30,000). Xue was also fined 200,000 yuan.

Li and Xue arranged the sale of the database — which was originally prepared by a Chinese company for sale to PetroChina's parent company and contained details on the coordinates and volume of reserves for the 30,000 wells — to IHS for $228,500, the court's sentencing document said.

A spokesman for IHS, which is based in Englewood, Colorado, said the company is disappointed by the news yet declined to comment on China's broad interpretation of state secrets. In the past, the spokesman, Ed Mattix, has said that Chinese authorities never notified IHS that it was involved in any wrongdoing.

During Xue's closed-door trial, which ran over three dates last July and in December, the court document said he defended himself, arguing that the information he gathered "is data that the oil sector in countries around the world make public."

David Rowley, Xue's thesis adviser at University of Chicago and a geologist, said that the location and seismic and other data of oil wells is commonly available and could not compromise Chinese security since the government controls access.

"What frightens me most about this is that Xue Feng is, in my experience, a straight-up individual who worked hard, who didn't push limits, or try to pull a fast one by, but was simply honest and entirely well meaning," Rowley said in an e-mail. "That's IHS's business — acquiring and redistributing data (bases) so he was simply doing his job."

In rejecting Xue and his lawyer's arguments that no crime had been committed, the court cited the National Administration for the Protection of State Secrets as saying that the information Xue received on China National Petroleum Corp. was classified as either secret or confidential.

The court document indirectly acknowledged the difficulties Xue and IHS would have collecting data in such a restrictive environment.

"IHS Co. has information exchange agreements with many oil companies, but exchanging information with Chinese oil companies is very difficult. Because China controls energy information relatively strictly, IHS Co.'s information and data on China are not very complete," the sentencing statement cited one witness as telling the court.
http://www.latimes.com/business/nationworld/wire/sns-ap-as-china-detained-american,0,5086903.story

No.241203
File: 127836998782.jpg-(45.42KB, 399x263, chinapool.jpg)
241203
Residents crowd in a swimming pool to escape the summer heat during a hot weather spell in Daying county of Suining, Sichuan province July 4, 2010. China is experiencing temperatures over 35 degrees Celsius (95 degrees Farhenheit) in at least 13 provinces and regions, according to the National Meteorological Center on Sunday.

http://news.yahoo.com/nphotos/slideshow/photo//100705/ids_photos_wl/r3718927372.jpg/?.src=news

No.241207
/notes that chink trolls more often post outside of the China sticky than in it

No.241217
CHINA WIRR GROW RARGER

No.241243
>>240981

Didn't Pepe run some blog for a while?

He was such a lazy spic he didn't even muster up the energy to take offense to spic jokes.

No.241247
>>241243
I still come here every day, I just don't have the energy to post anymore. And I still have a blog noticiasmerida.org about local news

No.241249
>>241247
Good to see you around.

Do you still post on /r9k/?

No.241263
>>241249
Not anymore, you? Shit's lamer than ever, man

No.241268
http://www.china-sucks.on.nimp.org

No.241285
>>241268
>click on link
>catch virus
fffffffffff-

No.241291
>>241285
That is not a virus it is simply a browser hack also sage for dead thread.

No.241328
100 years ago Britain was still the dominant world power. If you were to tell a Brit of that era America would come to be the dominant force I think they might react in much the same way Americans of today do when told China will rise to become the dominant force in the world.

No.241358
The tone of U.S.-China relations, as evidenced by General Electric CEO Jeff Immelt's provocative 'colonization' blast, is deteriorating rapidly and signaling trouble ahead. Given the importance of this relationship it would be very helpful to understand what's at stake and how events will play out.

Chimerica: The World's Most Crucial Relationship

The most important bilateral economic and political relationship in the world today is arguably the one between the Chinese and the Americans. London School of Economics Professor Niall Ferguson coined the term "Chimerica" to characterize its interdependent nature.

The U.S. currently has the world's largest economy and most powerful military, and the U.S. dollar is the world's reserve currency. China is the fastest growing large economy, and the holder of approximately $1 trillion -- or about 50% -- of all foreign held U.S. Treasury debt. Depending upon how you measure GDP, China's economy has already-- or should soon-- pass Japan's to become the world's second largest. The Chinese economy is projected to pass the U.S.'s to become #1 in the not too distant future.

A significant part of China's rapid growth has been driven by its ability to export its goods to countries such as the United States. In turn, the U.S.'s ability to continue to finance its massive $13 trillion federal deficit has been substantially underwritten by China's ongoing purchase of U.S. Treasury debt.

While each side has gained from this relationship it is charting an unsustainable trajectory that could lead to severe problems. This is particularly troubling because Chimerica tension is rising over China's currency policy just as many countries -- including the U.S. with its high unemployment and China with its property bubble and inflation concerns -- appear to be struggling to emerge from the 'Great Recession'.

The Who and Why Behind Deeming China's Currency Policy as 'Harmful'

China's currency is confusingly referred to both as the renminbi and the yuan. The Chinese government has historically fixed the renminbi's exchange rate to the U.S. dollar. The working economic assumption in the U.S. is that if the renminbi were allowed to fluctuate that it would appreciate vs. the U.S. dollar.

Many have been very critical of the Chinese policy of suppressing the value of the renminbi, perhaps none more loudly and persistently than Nobel Laureate, Princeton Economics Professor, and NY Times columnist Paul Krugman. He has stated again and again that China's currency policy provides an economic advantage that -- while good for China in the immediate term -- is harmful towards the goal of achieving a balanced global economy. The European Union has also been critical in the past of China's currency policy.

What is the effect of a low renminbi? There are several, but one is that a low renminbi makes Chinese goods relatively less expensive in America. Consumers bear witness by observing that a vast number of the manufactured products at Wal-Mart (WMT), Home Depot (HD), etc. are made in China. Obviously most consumers prefer to pay less, and if given the choice between nearly identical products the consumer will choose the less expensive of the two.

China's ability to export comparatively less expensive products, which is aided by the renminbi's managed exchange rate, is a key element in China's economic growth story.

China is Playing Games

Headlines were made following the recent move by the Chinese to de-peg their currency to the U.S. Dollar. The move, however, was greeted by China critics as lacking in substantive change.

Professor Krugman was among the many who characterized the Chinese move as "playing games" to prolong their current policy. In the time since the Chinese allowed the renminbi to float it has moved both up and down vs. the U.S. Dollar within a very narrow range of approximately 0.5%.

An Imminent Showdown

There are a number of simultaneous forces coming to a head that indicate some type of Chimerica fracture may be on the not too distant horizon.

Politicians throughout history have consistently created scapegoats when problems arise. The U.S. is in the throes of a very serious economic challenge. Professor Krugman is not alone in thinking that the U.S. is in the early stages of what he's calling "The Third Depression". As depressions are relatively infrequent economic phenomena, we don't have a substantial body of history from which to base predictions. However, the increased political pressure that has occurred during history's depressions has led to radical and destructive policies.

The Chinese will make a convenient scapegoat during an election season characterized by high unemployment and deteriorating confidence. This is already happening, but expect even more China bashing (ala 1980s Japan bashing) from U.S. politicians, labor groups, etc. through this November's mid-term elections and the next U.S. Presidential election in 2012.

Unemployment has and will continue to be blamed on unfair Chinese competition due to the renminbi's low exchange rate. Look for more fear mongering over China's massive U.S. treasury holdings. And expect trade sanctions and barriers against Chinese goods. Simply discussing trade barriers or currency values publicly can be seismic in their impact to China's attitude towards the U.S. In addition, other efforts are underway that will further compound the schism.

Crossing the Debt Rubicon

The U.S. Federal debt level is around $13 trillion, which equates to approximately 90% of annual U.S. GDP. That's in line with Greece's Debt-to-GDP level. While the U.S. is not in the same economic boat as Greece, the 90% debt-to-GDP threshold is the level that research conducted by Reinhart and Rogoff has shown to be problematic. Have the Chinese and other holders of U.S. debt fallen victim to history's reoccurring "This Time is Different" thinking with respect to U.S. government debt?

Throughout history sovereigns have 'debased' their currencies for a variety of reasons. One common reason is to retire debt to foreign creditors. I've written previously about why the Federal Reserve will engage in another round of massive money printing to try and combat deflation and kickstart an economic rebound. Monetizing debt is another powerful incentive that could drive such a move.

The Option to Go Bankrupt Can Be a Very Valuable Option

Thinking about the future of Chinese-U.S. relations I'm reminded of a comment my uncle made to me when I was a kid about the sometimes conflicted relationship between a farmer and his bank:

"The Bank has a lot power over most Farmers. If the Farmer runs into financial trouble then the Bank can seize the Farmer's land, putting the Farmer out of business. This power dynamic is reversed, however, when it comes to the case of The Really Big Farmer. If The Really Big Farmer has financial trouble he can put the Bank out of business."

While its tempting to reduce the complex U.S.-China relationship to that of The Really Big Farmer and the Bank, respectively, I don't believe it's that simple. Having said that, the U.S.'s option to effectively go bankrupt by monetizing its debt is a very powerful card that can be played.

It is entirely possible that the U.S. has in effect already crossed its debt 'Rubicon'. At this point the U.S. may either be unable, or unwilling, to pay back its debt without printing substantial quantities of money to do so. If this is in fact the case, then the U.S. government may have an incentive to just keep on borrowing for as long as creditors will lend it money.

Massive money printing could reduce the U.S.'s debt burden. But it would damage, if not destroy, the value of the U.S. dollar and topple it from its reserve currency status. However, it's unclear who would lose more -- The Big Farmer or The Bank -- were such a event to occur. As an example, Iceland -- which experienced one of the greatest financial disasters ever -- when compared to countries such as Ireland, Estonia and Latvia is doing better on a GDP and Employment basis. Professor Krugman's takeaway: "if you’re going to have a crisis, it’s better to have a really, really bad one."

Just How Likely is Openly Waged U.S.-China Economic War?

There is a huge incentive for both the U.S. and China to avoid a path as destructive as the one described here. The economic disruption and cost would be widespread, devastating and perhaps permanent. However, we know that it is human nature to underestimate the probability of severe events like a U.S.-China economic war. I believe this is a mistake.

What would be the trigger? A U.S. Treasury auction, a WTO complaint, U.S. Congressional action, or perhaps even a geopolitical event are all possible candidates. For example, the U.S.'s failure to enact fiscal austerity in a timely enough fashion for the Chinese, or concerns about massive money printing, could lead the Chinese to reduce their U.S. debt purchases. If the Chinese fail to show up for a U.S. debt auction, then the U.S. will have a much lower incentive to hold back on efforts to combat Chinese currency and trade manipulation.

If the U.S. responds with trade and monetary policies of sufficient scale, China would likely consider these moves to be openly hostile and retaliate.

Two keys to determining China's likely response: a) the speed at which events unfold and b) the size of U.S. actions (e.g, how much money will the Fed print). If political and economic pressures do not overwhelm U.S. policymakers and force them to move too quickly, then the U.S. may be able to phase implement its policies so that they do not provoke a rapid, complete breakdown in relations. However, recent history is not encouraging as policymakers have struggled to accurately diagnose and get out in front of big problems (e.g., inaccurate calls that the subprime problem was "contained" prior to the near collapse of the global financial system).

Closing Thoughts

The Chinese have been driving a very hard bargain with the rest of the world with their managed currency policy. China has benefitted tremendously from joining the open world economy. However, free trade is not an inalienable sovereign right.

China's growing economic power comes with the role of being a responsible global actor by playing by the same rules as its trading partners. The U.S. has grown weary of waiting for the Chinese government to come around at a time when it is also economically weakened. In short, the time has come for the renminbi to be revalued upward or U.S. action will occur.

What is China's realpolitik calculation?

China's leadership, emboldened for example by the failure of the U.S. to navigate the world away from a near financial collapse and Google's recent blink, is growing more confident. It is reasonable to assume that China will increasingly flex its economic muscles and may reject the U.S.'s request for a change in its currency policy.

The Chinese government stubbornly detests public pressure from foreign government officials. Yet the Chinese leadership appears to only move when they are forced to do so. And often when they do finally make a change, as with the most recent renminbi move, they barely budge.

At the same time, it is highly unlikely the U.S. will quietly surrender its role as the world's dominant superpower. And the pressure is growing to take swift, assertive action on the renminbi as calls to "do something" grow louder in the face of a deteriorating domestic economy.

China -- similar to Japan in the 1980s -- is directly in the U.S.'s economic crosshairs. The inescapable conclusion is that an escalating U.S.-China economic war is not only underestimated in terms of its likelihood, but probable.

http://seekingalpha.com/article/213101-is-a-u-s-china-economic-war-on-its-way?source=email

No.241359
File: 12784266035.jpg-(29.32KB, 595x335, 201027WBP505.jpg)
241359
THIS week's plain-speaking prize goes to Jeff Immelt, the boss of General Electric.

He argued that China is increasingly hostile to foreign multinationals; he also gave warning that his company, the world's biggest manufacturer, is actively looking for better prospects in other emerging markets. "They don't all want to be colonised by the Chinese", he said, going rather further than was prudent. "They want to develop themselves".

Mr Immelt's broadside was undoubtedly significant. It reflects a growing mood of disillusionment with China among big Western companies. It came from the mouth of one of China's biggest boosters, a man who praised the Chinese leadership, only last December, for doing exactly what they say they will.

Is Mr Immelt right about the changing mood in China? The Chinese are certainly unusually self-confident at the moment, thanks to the financial meltdown. They have flexed their muscles against a succession of companies, including Rio Tinto and Google.

But the Chinese have always driven a hard bargain, and they have always made it clear that they will give only to get. The American Chamber of Commerce reported in 2008 that three-quarters of the foreign companies that they surveyed were finally making money in China, a big increase on the historical average. Many Western companies, notably Yum! Brands, have finally cracked the China code, and are becoming ubiquitous across the country.

It will be interesting to see how Immelt's comments play out in China, a country which puts a great store on "face", and which does not take kindly to even gentle criticism, let alone talk of "colonisation".

Google seems to be retreating, with its long tail between its legs, from its bold challenge to Chinese authoritarianism. It will therefore also be interesting to see if, sometime in the near future, Mr Immelt finds himself delivering a speech with a rather different message.

http://www.economist.com/blogs/schumpeter/2010/07/general_electric_and_china?source=hptextfeature

No.241386
>>241328
US was already a greater economic power by 1900.

No.241395
>>241386

Debatable: http://en.wikipedia.org/wiki/List_of_countries_by_past_GDP_%28PPP%29#1913

Regardless, the US wasn't really regarded as a superpower until the second world war.

No.241404
>>241395
What's interesting in that article is the 1913 and 1950 statistics for China. In 1913, the new Chinese Republic was among the foremost economic powers of the world.

By 1950, the new (People's) Republic was an economic basket-case.

This suggests that the Sino-Japanese War and the Chinese Civil War were responsible for sending China to hell, and not Western imperialism, as irate Chinese nationalists are wont to claim.

No.241414
>>241263
Rarely, and then only to troll. 4chan in general is garbage.

No.241417
>>241414
/ck/ is a good board.

No.241418
>>241417
This is true.

Also, this thread is now about what the best kind of pizza is. Personally, I think four cheese pizzas are god tier.

No.241427
>I think four cheese pizzas are god tier.

Agreed. Also, NY pizza > Chicago pizza



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