Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Linked List

Glanced at briefly, filed away for future reading, and presented here for your edutainment.




“So comes snow after fire..."

"... and even dragons have their ending.” - J. R. R. Tolkien

China is braced for a wave of industrial bankruptcies as its slowing economy forces companies with sky-high debts to the wall, the country's premier has said. 
Premier Li Keqiang told lenders to China's private sector factories they should expect debt defaults as the world's second largest economy encounters "serious challenges" in the year ahead. 
However, figures this week revealed that Beijing is copying the Japanese tactic of ramping up public infrastructure spending to replace the steep slowdown in private sector investment. Fixed asset investment, a measure of government spending on infrastructure, expanded 17.9% during the first two months of 2014, the National Bureau of Statistics said.
As Peter Grant has pointed out, there is more to the story than just a few insolvent companies in China.    He has a much more detailed write up on the high points of the current situation that is well worth reading, if you have the time.  If you don't... well, the tl;dr summary is, as he puts it, "the signs don't look healthy".

We live in interesting times.

"Very dangerous. You go first."

The tomb of Mongolian emperor Genghis Khan -- who created the world’s most powerful empire by raiding and invading across Eurasia -- is a lost treasure archaeologists have sought for years. And one man thinks he knows where it is. 
“Ghengis Khan’s tomb is my obsession,” Nichols, a noted authority on the emperor, exclusively told FoxNews.com. “I couldn’t stop thinking about it. But I’m not happy just reading about it, or knowing about it. I need to have my feet on it.”
Be very careful, Mr. Nichols.  You may find exactly what you are looking for...


To seek the sacred river Alph,
To walk the caves of ice;
To break my fast on honey dew,
And drink the milk of paradise...

I had heard the whispered tales 
Of immortality –
The deepest mystery –
From an ancient book, I took a clue

I scaled the frozen mountain tops 
Of eastern lands unknown,
Time and Man alone,
Searching for the lost – Xanadu.

Xanadu...

To stand within the Pleasure Dome
Decreed by Kubla Khan!
To taste anew the fruits of life
The last immortal man!

To find the sacred river Alph!
To walk the caves of ice!
Oh, I will dine on honeydew
And drink the milk of Paradise!

A thousand years have come and gone,
But time has passed me by;
Stars stopped in the sky.
Frozen in an everlasting view

Waiting for the world to end,
Weary of the night;
Praying for the light.
Prison of the lost – Xanadu.

Xanadu...

Held within the Pleasure Dome
Decreed by Kubla Khan...
To taste my bitter triumph,
As a mad immortal man.

Nevermore shall I return,
Escape these caves of ice;
For I have dined on honeydew,
And drunk the milk of Paradise...

What Is It Good For?

In a classic case of procrastination, China has been keeping its massive debt crisis at bay by issuing more debt. However, Fitch's Charlene Chu, a leading expert on China's debt, thinks the country's time is up. "The credit-driven growth model is clearly falling apart," said Chu in a recent report.
It may not matter that China is willing to enter the drone market, if their economy is about to take a nose dive.  Of course, if that does happen, they will have a large population of young men, a lot of war materiel, and a need to distract their people from their economic situation.  All of which adds up to a frightening - yet tried and true - method of boosting their economy.

We live in interesting times.

Neither Innovation Nor Quality

Want to buy a military-grade drone? That won’t be easy, unless you’ve got a good relationship with Beijing...
... China could become a drones “proliferator” to developing countries, according to a report (PDF) released on June 13 by the US-China Economic and Security Review Commission.”Chinese companies appear to be positioning themselves to become key suppliers of UAVs in the global market…Chinese UAVs are likely to be attractive to developing countries in Asia, Africa, and the Middle East, particularly given their price points,” the report concludes.
Unlike the previous article I posted on Chinese competition, the problem here is that the Chinese are entering what is essentially an uncontested market.  Neither quality nor innovation will help US companies in this case, because they are prevented from competing.

Now, anti-drone defense systems... that may be another matter.

Quality and/or Innovation

The collapse of the housing market in 2007 and the subsequent recession turned out to be a boon for China’s brush exports. With far less construction and far fewer jobs, not as many people needed paintbrushes (or brooms or toothbrushes). Those who did need them chose cheap imports over more expensive products made in America. Retailers, who stood to make more from the cheaper products, jumped at the opportunity to sell them. Now everyone in the business has to account for the Chinese.
That’s a familiar story for U. S. manufacturing. The strange thing here is that there are still more than 200 brush, broom and mop makers in the U.S. These companies have employed two strategies to stave off Chinese competition: 1) change everything all the time, or 2) don’t ever change a thing.

China (Naval) Air

China Plans New Generation of Carriers as Sea Disputes Grow
(Bloomberg) — China unveiled plans to build more aircraft carriers after commissioning its first last year, as the country extends its influence amid territorial disputes with neighbors including Japan and Vietnam.
As expected, their first carrier - a refurbished Soviet unit - is just a stepping stone to developing their own carrier fleet.
“This only adds publicly to what many believed to be the case: that the Liaoning is a training or ‘starter’ carrier and eventually China would build larger and more capable ones,” Taylor Fravel, a professor at the Massachusetts Institute of Technology who focuses on China’s relations with its neighbors, said by e-mail. “It suggests that today’s PLA is much more confident than in the past regarding its willingness to talk about future military programs.”

Linked List

Glanced at briefly, filed away for future reading, and presented here for your edutainment.
  • Larry Correia's gun control interview on Fox News.
  • Via The Smallest Minority, we have a link to David Mamet's op-ed piece on gun control in Newsweek.  Come for the facts and insightful opinions, stay for the YouTube-level commentary from internet mouth breathers.
  • Dire Straits performing "Telegraph Road" live.  Just because.
  • intelNews.org - "Expert news and commentary on intelligence, espionage, spies and spying."  Truly, teh intarwebs are a marvelous place.
  • Borepatch wants to know "What's wrong with this light bulb?"  Aside from the fact that it is both required and prohibited, I mean.
  • China prepares for war.  "Dai Xu, a Chinese Air Force Colonel, is arguing for a short, decisive war with one of China's neighbors--Vietnam, the Philippines, or Japan--in order to establish sovereignty over the Pacific region without risking war with the United States."
  • Gao Zhisheng is still alive, thankfully.  Apparently the Chinese don't feel the need to kill him in order to establish sovereignty.
  • A glimpse into what might be happening in Chinese banks.  Essentially, it's their own subprime mortgage scandal, without all the transparency, expert management and good intentions that the US version had.
  • Photos of pollution in China.  It's not pretty.  Well, I suppose that's just what you get when you're an unrepentantly capitalist nation.


Linked List

Glanced at briefly, filed away for future reading, and presented here for your edutainment.

    Linked List

    Glanced at briefly, filed away for future reading, and presented here for your edutainment.
    Now, if you'll excuse me, I have to return to the real world and attempt to muddle through the current Dibert-esqe tragedy.

    Linked List

    Glanced at briefly, filed away for future reading, and presented here for your edutainment.

    Reclaimed By Nature

    Part of the Great Wall, reclaimed by nature.


    This is taken in the north of China where the original part of the wall has been slowly eaten away by nature. Now you can still walk along the top, but you walk under trees and through bushes on a rugged trail…
    Just one of the wonderful pictures to be found at Stuck In Customs.

    Oh, The Weather Outside Is Frightful

    So let's make something with it, shall we?
    With Christmas now over and the dates for New Year’s coming full speed ahead comes the briskness of Winter. Of course the snow sports are abound and there are so many things to be done around this time – Jingyuetan National Forest in the Jilin Province’s annual ice festival is finally here for a limited time.
     Some fascinating pictures.  I wish there were more of them.  Oh, wait - there are!  Thank you, Google!

    Linked List


    Glanced at briefly, filed away for future reading, and presented here for your edutainment.


      China's CV

      No, not their résumé - their carrier.

      Eighteen months after setting sail, China's aircraft carrier Liaoning has launched and landed jet fighters for the first time.
      Video at the link.  More detailed information on the aircraft involved (including photos of the air ops) at the Bayou Renaissance Man.

      Paging Tyler Vernon...

      Via Jerry Pournelle - a working reactionless drive?
      A chinese research professor, Yang Juan, professor of propulsion theory and engineering of aeronautics and astronautics at the Northwestern Polytechnic University in Xian, claims in a peer reviewed journal to have built a model that produces 720 mN from 2.5 kw of input power.
      If that holds up, it is revolutionary. Professor Yang is at this time unable to answer questions about the device, and it is not available for inspection by Aviation Week or anyone else so far as Aviation Week can determine.
      Yowza.

      While We Double Food Stamp Participation

      China wants to double incomes.
      Hu Jintao, China’s soon-to-retire party secretary, delivered the opening address of the weeklong Party Congress on November 8 before some 2,300 delegates in the cavernous Great Hall of the People in Beijing’s Tiananmen Square...
      Hu’s 90-minute political report summed up China’s past achievements and highlighted challenges ahead, and hit all the expected notes...
      Hu stressed the importance of striking “a balance between the role of the government and that of the market,” an issue of growing importance as the influence of China’s state sector has surged in power in recent years. And he set a new growth target for China. “On the basis of making China’s development much more balanced, coordinated, and sustainable, we should double its 2010 GDP and per capita income for both urban and rural residents [by 2020],” said Hu...
      “Combating corruption and promoting political integrity, which is a major political issue of great concern to the people, is a clear-cut and long-term political commitment of the party. If we fail to handle this issue well, it could prove fatal to the party, and even cause the collapse of the party and the fall of the state,” warned Hu...
      One way to fight against corruption and improve overall governance is to expand “intra-party democracy,” or efforts to make the Communist Party more accountable to the Chinese people and more transparent in its decision-making, another theme that was stressed in the political report.  
      Balance?  Between government and the market?  A focus on economic growth and political integrity, accountability and transparency? [1]

      Man!  What a racist tea-bagger!

      [1] Yes, yes, I know.  Words are... words, and despite the nice sounding ones he's spouting, he's still a Communist, and China doesn't just have a few human rights issues - they've got the entire freaking subscription.  I get that.  The irony was just to much to pass up.

      Where Did That Come From?

      BEIJING — At 30, Chen Kuo had what many Chinese dream of: her own apartment and a well-paying job at a multinational corporation. But in mid-October, Ms. Chen boarded a midnight flight for Australia to begin a new life with no sure prospects.  
      Like hundreds of thousands of Chinese who leave each year, she was driven by an overriding sense that she could do better outside China. Despite China’s tremendous economic successes in recent years, she was lured by Australia’s healthier environment, robust social services and the freedom to start a family in a country that guarantees religious freedoms.

      Awesome!  Except... there's something strange in that summary.  We'll get back to that.

      Continuing through the article, there's some explanation of the details:

      “It’s very stressful in China — sometimes I was working 128 hours a week for my auditing company,” Ms. Chen said in her Beijing apartment a few hours before leaving.
      Interesting.  Ms. Chen continues:
      “And it will be easier raising my children as Christians abroad. It is more free in Australia.”
      A bit further on, we see:
      Few emigrants from China cite politics, but it underlies many of their concerns. They talk about a development-at-all-costs strategy that has ruined the environment, as well as a deteriorating social and moral fabric that makes China feel like a chillier place than when they were growing up.
      Based on the article, I'd say it's safe to say that Ms. Chen - and, by implication, many of the professionals leaving China - are looking for an increase in personal liberty with and emphasis on political, economic and religious freedom.

      Now go back to the second paragraph of the article, and you'll see that it mentions all of these elements in one way or another... plus something that, to my mind, seems particularly odd:
      Despite China’s tremendous economic successes in recent years, she was lured by Australia’s healthier environment, robust social services and the freedom to start a family in a country that guarantees religious freedoms.
      I can give the Times a pass on the "healthier environment" comment - that may be a portmanteau phrase meant to encompass physical, business, and social environment all in one handy phrase.

      But... "robust social services"?

      Really?

      If you read through the article, there is no other mention of social services.  None at all.  There's discussion of corruption and political instability in China, the difficulties of finding business opportunites when state-run corporations dominate the economic landscape, and even mention of unease with social and moral decay in modern China.

      Not a single person said, "Well, what we're really looking for are better social services."  Now, I may be crazy, but I imagine that may be because they're coming from a communist country where every "social service" is a branch of the government.

      Makes me wonder how in the world that ended up in the article at all.  I mean, it's almost as if the NYT simply can't imagine an individual who wouldn't just love them some "robust social services".

      Nah, that couldn't be it.  Nobody's that dense.









      "PHINEAS!"

      Danxia refers to a "type of petrographic geomorphology" found in China. What that means is you get these mountains that look as though they were decorated with crayons by a five-year-old channelling Dalí.
      Very beautiful, and very interesting.  The description definitely fits!


      China Commissions First Carrier

      TOKYO/BEIJING (Reuters) - China sent its first aircraft carrier into formal service on Tuesday amid a tense maritime dispute with Japan in a show of force that could worry its neighbors.
      "Could worry its neighbors"? Seriously?  COULD worry?

      I very much suspect that the entire point is to make them worry...

      For those of you saying, "Well, yeah, but they don't have any planes that are capable of landing on the thing, so it's really not that big a threat", I have one word:

      Helicopters.

      It's a pretty dang big ship.  Cram it to the gills with army/marines, and you've got a rough-and-ready helo carrier, perfect for amphibious assault ops... like, f'rinstance, taking control of a contested set of islands.