Author Topic: China: should we be alarmed yet ?  (Read 10178 times)

space otter

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Re: China: should we be alarmed yet ?
« Reply #15 on: July 27, 2015, 08:29:52 PM »

I was thinking of that strange configuration in the dessert of china but I can't find it right now..don't know if it is connected to this or not

Asia & Pacific
02:03 24.07.2015(updated 08:35 24.07.2015)

China Starts Building Huge Solar Plant to Span 10 Sq. Miles of Gobi Desert

China has begun construction on its largest solar power plant which, when completed, will be capable of powering one million homes and will drastically reduce the country's coal use.

The plant will cover 2,550 hectares (nearly 10 square miles) in the Gobi desert, in Qinghai province.

It will have an installed capacity of 200 megawatts, and be capable of supplying electricity to one million households, according to Qinghai Solar-Thermal Power Group.

"Its designed heat storage is 15 hours, thus, it can guarantee stable, continual power generation," state-owned news agency Xinhua quoted group board chair Wu Longyi as saying.

Once operational, the plant will slash standard coal use by 4.26 million tons every year, reducing emissions of carbon dioxide and sulphur dioxide by 896,000 tons and 8,080 tons, respectively.

The solar power tower system boasts higher efficiency and better energy storage than the more commonly used trough system.

The plant will also be China's first large-scale solar power plant under commercial operation, said Yu Mingzhen, vice director of Qinghai development and reform commission.

Beijing has been emphasizing clean energy. Between 2005 and 2014, the country has increased its solar power capacity 400 fold to 28.05 gigawatts. There are plans to increase capacity to around 100 gigawatts by 2020.

China also has plans to construct a new 50-megawatt solar power plant in Datong City, Shanxi Province.

Offline SerpUkhovian

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Re: China: should we be alarmed yet ?
« Reply #16 on: July 28, 2015, 03:13:39 AM »

It will have an installed capacity of 200 megawatts, and be capable of supplying electricity to one million households

Let me see here, 1000000 homes divide up 200000000 Watts of power, and you get 200 Watts per home.  That is enough to light three sixty Watt light bulbs and power a cell phone charger.

Life in China is austere.
Have you noticed since everyone has a cell phone these days no one talks about seeing UFOs like they used to?

Offline ArMaP

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Re: China: should we be alarmed yet ?
« Reply #17 on: July 28, 2015, 05:39:36 AM »
Let me see here, 1000000 homes divide up 200000000 Watts of power, and you get 200 Watts per home.  That is enough to light three sixty Watt light bulbs and power a cell phone charger.

Life in China is austere.
They didn't say "all at the same time". :)
« Last Edit: July 28, 2015, 01:16:33 PM by ArMaP »

space otter

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Re: China: should we be alarmed yet ?
« Reply #18 on: July 28, 2015, 07:15:50 AM »

the poor ones get the 200 amps for their light bulbs the rich ones are movin on

28 July 2015
By Phil Mercer

Why China’s super-rich want to buy here
Monika Tu certainly knows how to make a grand entrance.

As the gates of the A$25m ($18.6m) mansion in Sydney swing open, a Rolls Royce sweeps into the driveway. It glides to a stop, its heavy doors open and Tu, a Chinese-born estate agent who makes a living selling Australian property to Chinese buyers, steps out.

The opulent Georgian Regency villa, its cream facade bathed in sunshine, is flanked by tall blocks of flats in the Potts Point district of Sydney, one of the most densely-populated parts of Australia.

“This is everybody’s dream house,” she said, while ascending a wooden staircase. “Chinese buyers love a piece of history, so they come to this country [and] beside beautiful harbours and beautiful views, they want to have something of significant value.”

Born in Guizhou in southwestern China, Tu arrived in Australia in 1988 to study for an international trade degree in Melbourne. After moving to Sydney in the early 1990s, she sold cosmetics and insurance before setting up an IT firm. Her luxury property business, Black Diamondz, was founded six years ago and today, about 60% of her clients are from mainland China.

Tu recently sold a waterfront mansion in Sydney to one Chinese investor for A$40m ($29.7m). To another, she sold a A$33m ($24.5m) house in the nearby suburb of Vaulcuse with views of the Sydney Harbour Bridge and opera house.

It is estimated that last year, the Chinese snapped a quarter of all new stock in Sydney and a fifth in Melbourne.

Chinese capital investments in Australia are on the rise and are expected to be boosted further by recent changes to currency regulations that make it easier for wealthy Chinese to invest in property overseas. Credit Suisse forecasts the Chinese will pump as much as A$60bn ($44.55bn) into Australian property over the next five years.

What’s happening in Australia is part of a broader global trend, with many other countries experiencing a spike in demand for real estate from Chinese buyers, experts say.

A mansion worth A$25m ($18.6m) in Potts Point, Sydney is the kind wealthy Chinese buyers look for. (Credit: BlackDiamondz)

“I had a meeting recently with a developer from Singapore and he looked at me and said ‘you haven’t seen anything other than the tip of the iceberg yet’,” said John McGrath, one of Australia’s most recognisable estate agents and a judge on TV reality show The Block. To meet demand, McGrath has employed a China specialist to field queries from potential buyers, helping them navigate complex rules and any cultural and language differences.

The draw — and the rules

One significant attraction for Chinese property investors is Australia’s proximity.

“It is only about nine hour’s flight [to Australia], so it is only about two hours’ time difference,” she said. “The school system is really good, and I think the Australian people are very welcoming. That is what the Chinese love to come to this country for.”

Australia has tough legislation that restricts foreigners to buying newly-constructed or planned homes. However, those who have temporary or permanent visas are free to buy whatever they like, and an entire industry has been built around helping rich clients, especially those from China, use trusts and other investment schemes to acquire expensive houses and apartments.

Since 2009, real-estate prices in Sydney, the nation’s most populous city, have leapt by 60% and are up around 15% in each of the past two years, fuelling fears that younger Australians will never get a foot on the property ladder.

WATCH: Take a look inside a Sydney mansion with Monika Tu. Plus, what's really driving Sydney real estate prices up? Click on the video below.

vid at link

Rising tension

While the British and others have long seen Sydney as a safe place to buy property, the surge of investment from China has sparked concern from some groups in Australia.

A fringe nationalist organisation even recently burnt flags outside the Chinese consulate in Sydney, where a small group of protestors claimed the nation was in the grip of a ‘Chinese real estate invasion’.

But McGrath said foreign real-estate buyers are just a “scapegoat” for the rising prices. He points out that the vast majority of properties in Sydney are still sold to Australians, who aren’t being squeezed out of the market by overseas buyers.

Back in the 1980s, the Japanese fell in love with Australian real estate, and therein lies a lesson for those riding the latest wave of investment from Asia, according to Nigel Stapleton, a real-estate economics fellow at the University of New South Wales Business School. He has cautioned that foreigners often lack a true understanding of the Australian market and because of that sometimes overpay.

“Generally, the foreign investors don’t do as well as local investors,” he said.

But this is where Tu comes in, guiding rich Chinese clients through the property maze.

“Everyone wants to come to Australia,” she said. “For (the) Chinese, this is a most desirable destination.”

To comment on this story or anything else you have seen on BBC Capital, head over to our Facebook page or message us on Twitter


space otter

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Re: China: should we be alarmed yet ?
« Reply #19 on: July 28, 2015, 07:28:13 AM »

and today's headline
USA Today
Matt Krantz  15 hrs ago

Chinese stocks destroy $39.8B in U.S. wealth

The Chinese stock implosion is starting to get serious. It's costing U.S. investors real money.

The 144 China-based stocks with primary listings on major U.S. exchanges have erased nearly $40 billion in paper wealth since the Shanghai Composite index peaked on June 12. It's an enormous destruction of wealth that in effect wipes out the market value of a company the size of cruise ship operator Carnival.

The Shanghai composite index' losses are only getting worse. The much-watched measure of Chinese stocks fell 8.5% in overnight trading Monday. The index has dropped more than 27% since hitting its peak this year back on June 12.

Some of the stock-specific shredding of value is getting noteworthy. Chinese e-commerce stock, Alibaba, has been the biggest destroyer of U.S. investor wealth. The stock is only down 6.1% since June 12 - but given it's enormous market value, investors have lost $7.6 billion on the stock during the downturn. The company still has a market value of $208.6 billion.

Also making U.S. investors feel the pain is, another online retailer based in China. This stock is down 15% since the Shanghai's peak - which given the company's large size - is handing investors a $4.5 billion paper loss.

Watching Chinese stocks go from a point of riches - to a point of pain - is quite the reversal for U.S. investors. The Vanguard Emerging Markets exchange-traded fund, which owns stakes in Chinese stocks, soared in late 2007 as it looked like the emerging nations were where the growth would be.

Once again - the crowd is wrong. And the stampede out proves to be painful.

But don't think if you didn't own any of these Chinese stocks directly that you're safe from the Chinese stock meltdown. Investors over the years have accumulated exposure to China through China-focused exchange-traded funds as well as emerging markets ETFs. The pain in China is spreading into these corners of the market - which financial advisors tell most investors to have at least some exposure to.

Offline SerpUkhovian

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Re: China: should we be alarmed yet ?
« Reply #20 on: July 28, 2015, 03:33:55 PM »

the poor ones get the 200 amps for their light bulbs the rich ones are movin on

It is not 200 amps; it is 200 watts.  With the standard voltage in China at 220 volts AC, that would be less than one ampere.  Most American homes are fused at 250 amps (but rarely use that much).  You couldn't make popcorn in the microwave oven with only one amp.
Have you noticed since everyone has a cell phone these days no one talks about seeing UFOs like they used to?

space otter

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Re: China: should we be alarmed yet ?
« Reply #21 on: July 28, 2015, 03:40:40 PM »

thank you, SerpUkhovian

I knew I should have stopped and corrected that but I didn' bad
being specific is always more important that speed

my apologizes

space otter

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Re: China: should we be alarmed yet ?
« Reply #22 on: August 03, 2015, 10:27:14 AM »

China: should we be alarmed yet ?
NAH..not till they get an fda  gov department


Chinese Liquor Suppliers Accused Of Putting Viagra In Booze

Food safety is a chronic problem in China.

Posted: 08/03/2015 09:03 AM EDT
BEIJING (Reuters) - Chinese police are investigating if two distillers in the southwestern region of Guangxi added impotence treatment drug Viagra to their liquor in the latest food-safety scare in China.

The Liuzhou Food and Drug Administration said that it found the Guikun Alcohol Plant and the Deshun Alcohol Plant in Guangxi's Liuzhou city were putting Sildenafil, more commonly known as Viagra, into three of their baijiu products.

Baijiu is a fiery grain liquor that commands high prices in China.

Law enforcement officers have confiscated 5,357 bottles of the suspect products, 1,124 kg of raw alcohol and a batch of white powder labeled Sildenafil, in a case worth more than 700,000 yuan ($112,726), according to a statement posted by the Liuzhou Food and Drug Administration on its website on Saturday.

The case has been transferred to the police, the statement said.

The products were all marketed as having health-preserving qualities, it said.

Food safety is a chronic problem in China and public anxiety over cases of fake or toxic food often spreads quickly.

In June, state media said Chinese customs have seized around 3 billion yuan ($483 million) worth of smuggled meat, some more than 40 years old and rotting, the latest in a grim series of food safety scares.

In 2013, Chinese police said they broken a crime ring that passed off more than $1 million in rat and small mammal meat as mutton.

 ($1 = 6.2097 Chinese yuan)

(Reporting by Sui-Lee Wee; Editing by Kim Coghill)

space otter

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Re: China: should we be alarmed yet ?
« Reply #23 on: August 06, 2015, 06:43:51 AM »

Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015. REUTERS/U.S. Navy/Handout via Reuters

By David Brunnstrom and Trinna Leong
August 5, 2015 9:16 AM

China says has stopped reclamation work in South China Sea

KUALA LUMPUR (Reuters) - Chinese Foreign Minister Wang Yi said on Wednesday that Beijing had halted land reclamation in the South China Sea, and called on countries in the region to speed up talks on how claimant states should conduct themselves in the disputed waters.

In June, China said it would soon complete some of its reclamation in the Spratly archipelago of the South China Sea, while adding it would continue to build facilities on the man-made islands.

Wang's remarks at a regional meeting in Kuala Lumpur appeared designed to defuse tensions with other countries that lay claim to parts of the sea, through which $5 trillion in ship-borne trade passes every year.

Beijing claims most of the waters, while the Philippines, Vietnam, Malaysia, Taiwan and Brunei have overlapping claims.

The United States and Japan have expressed alarm at China's expansion in the South China Sea, which they suspect is aimed at extending its military reach, and U.S. Secretary of State John Kerry raised the issue with Wang in the Malaysian capital.

"China is always committed to working with the countries concerned to resolve disputes through peaceful negotiation," Wang told Kerry, according to a statement from the Chinese foreign ministry.

"Countries that are not in the region should respect the efforts made by China and ASEAN countries."

Wang made his remarks on the sidelines of meetings involving the 10-member Association of Southeast Asian Nations (ASEAN), where tensions over the South China Sea have dominated talks this week.

When asked by a reporter whether China would temporarily halt reclamation work in the strategic waterway, he replied: "China has already stopped. You just take an aeroplane to take a look."
Philippine foreign ministry spokesman Charles Jose said China had stopped reclamation because it had already formed its new islands.

"At the same time, China announced they are moving on to Phase 2, which is construction of facilities on the reclaimed features. The Philippines views these activities as destabilizing," Jose said.

In a statement, Japan's senior vice foreign minister Minoru Kiuchi "voiced deep concern over unilateral actions that change the status quo and heighten tensions in the South China Sea, including large-scale land reclamation, the construction of outposts and their use for military purposes".

China says the outposts will have undefined military purposes, as well as help with maritime search and rescue, disaster relief and navigation.


Wang told reporters that China and ASEAN countries shared a desire to advance the Code of Conduct in the South China Sea and resolve issues through dialogue.

They also wanted to strengthen cooperation in security and defense and maintain peace and stability in the area, he added.

Kerry had earlier expressed concern about China's land reclamation and construction on the man-made islands during talks with Wang, a senior State Department official said.

The official said Kerry told Wang that while Washington did not take a position on sovereignty claims in the South China Sea, it wanted to see them resolved peacefully and in accordance with international law.

Kerry also reiterated U.S. worries over the "militarization" of features on the Chinese-held islands in the Spratlys, the official added.

"He encouraged China, along with the other claimants, to halt problematic actions in order to create space for diplomacy," the official said.

Recent satellite images show China has almost finished building a 3,000-metre-long (10,000-foot) airstrip on one of its seven new islands in the Spratlys.

The airstrip will be long enough to accommodate most Chinese military aircraft, security experts have said, giving Beijing greater reach into the heart of maritime Southeast Asia.

China had said it did not want the South China Sea dispute raised at this week's ASEAN meetings, but some ministers, including from host Malaysia, rebuffed that call, saying the issue was too important to ignore.

China and Southeast Asian nations had agreed to set up a foreign ministers' hotline to tackle emergencies in the waterway, a senior ASEAN official said on Friday.

The senior State Department official said Kerry and Wang also discussed Chinese President Xi Jinping's visit to the United States in September, as well as U.S. concerns over cybersecurity and human rights in China.

"They agreed there are many shared challenges that both countries should work closer together to address, such as climate change and development, and that more dialogue and cooperation between the United States and China remains vital," the official said.

(Additional reporting by Amy Sawitta Lefevre and Angie Teo; Writing by Dean Yates; Editing by Mike Collett-White)

space otter

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Re: China: should we be alarmed yet ?
« Reply #24 on: August 11, 2015, 06:30:12 AM »

I seem to have turned into a china watcher..hummmmmmmmm

By Pete Sweeney and Lu Jianxin
Posted: 08/11/2015 08:16 AM EDT | Edited: 48 minutes ago

China Devalues Yuan After Poor Economic Data

Some suspect the move could be the beginning of a longer-term slide in the exchange rate.

China devalued its currency on Tuesday after a run of poor economic data, a move it billed as a free-market reform but which some suspect could be the beginning of a longer-term slide in the exchange rate.

The central bank set its official guidance rate down nearly 2 percent to 6.2298 yuan per dollar - its lowest point in almost three years - in what it said was a change in methodology to make it more responsive to market forces.

It was the biggest one-day fall since a massive devaluation in 1994 when China aligned its official and market rates.

"Since China's trade in goods continues to post relatively large surpluses, the yuan's real effective exchange rate is still relatively strong versus various global currencies, and is deviating from market expectations," the central bank said.

"Therefore, it is necessary to further improve the yuan's midpoint pricing to meet the needs of the market."

The People's Bank of China (PBOC) called it a "one-off depreciation", but economists disagreed over the significance of a move that reversed a previous strong-yuan policy that aimed to boost domestic consumption and outward investment.

"For a long time, I gave the PBOC credit for holding the line on the renminbi (yuan) and recognizing that while it might be tempting to try to shore up the old-growth model by devaluing the currency, that really was a dead end," said fund manager Patrick Chovanec of U.S.-based Silvercrest Asset Management.

He said a strong yuan was needed to force China toward consumption and away from low-end manufacturing. "What the world needs from China is not more supply; what it needs is demand."

The devaluation followed weekend data that showed China's exports tumbled 8.3 percent in July, hit by weaker demand from Europe, the United States and Japan, and that producer prices were well into their fourth year of deflation.

The move hurt the Australian AUD=D4 and New Zealand NZD=D4 dollars and the Korean won KRW=D4, fanning talk of a round of currency devaluations from other major exporters. But some of Asia's most interventionist central banks appeared to be holding their nerve on currency policy.

"I don’t think the move would trigger a global currency war," a Japanese policymaker said.

Economists pointed out that until Tuesday, China had held the yuan firm while its neighbors had debased their currencies.


While a weaker yuan will not cure all the ills of China's exporters, which suffer from rising labor costs and quality problems, it would help relieve deflationary pressure, a far bigger economic concern in the view of some economists.

Falling commodity prices have been blamed for producer price deflation, putting China at risk of repeating the deflationary cycle that blighted Japan for decades.

Growth in China, the world's second-largest economy, has slowed markedly this year and is set to hit a 25-year low even if it meets its official 7 percent target.

The devaluation hit shares in Asia and Europe. Chinese airline stocks also fell, given the impact higher fuel prices would have on their bottom line, though exporter stocks rose.

Some said the move was also to blame for a fall in futures contracts tracking the S&P 500 index SPc1, given the potential hit to U.S. exports to China.


Spot yuan ended at 6.3231 on Tuesday, its weakest close since September 2012. The spot yuan CNY=CFXS is allowed to rise or fall by 2 percent from a midpoint CNY=CFXS that is set each day.

In the past, the central bank set the midpoint by a formula based on a basket of currencies, but the methodology was never publicized and many believed the midpoint was frequently used as a way to bend the market to policy goals.

Under the new method, investors moving assets out of yuan could take the rate lower in the weeks ahead.

The yuan had been locked in an extremely narrow intraday range since March, varying only 0.3 percent.

Some economists said the devaluation was also designed to support Beijing's push for the yuan to be included in a basket of reserve currencies known as Special Drawing Rights (SDR), which are used by the International Monetary Fund to lend money to sovereign borrowers.

"The PBOC aims to move the renminbi to a freer floating and accessible currency, prerequisites for it to be given the IMF’s reserve stamp of approval, and will see it move in a wider band," said Angus Campbell, analyst at FXpro.

The IMF proposed in a report this month to put off any move to add the yuan to its benchmark currency basket until after September 2016, and it gave mixed reviews of Beijing's progress in making key financial reforms to its currency market.


Nathan Gardels Become a fan
Editor-in-chief, THEWORLDPOST
    Posted:  08/05/2015 3:38 pm EDT    Updated:  08/07/2015 10:59 am EDT

In China, The Communist Party Rubber Hits The Capitalist Road

China's resilient system of governance has endured for millennia. Its success has rested on the hierarchical authority of an "emperor" who is ethically bound to serve "all the family" of society, combined with guidance by a learned "mandarinate" class tested by experience and empowered on the basis of merit.

Every dynasty under this system at first gave the civilization a new burst of energy and confidence, but in time failed to fulfill its ethical duties and eventually succumbed to the decay of corruption. Consequently that dynasty was overthrown and a new emperor took over.

The governing system in China today under the Communist Party is not a departure from, but a modern organizational echo, of this ancient political lineage. It has been responsible for pulling hundreds of millions out of poverty into moderate prosperity, laying the world's longest high-speed rail system anywhere that connects burgeoning new megacities and reaching the top ranks of the global economy in only three astonishing decades.

Today, however, the system which has managed to balance stability and change for so long is being challenged as never before. As in previous dynasties, the red emperor is fighting to retain legitimacy through a concerted and protracted crackdown on corruption.

Propping Up and Cracking Down

But new strains unique to the 21st century are also manifestly evident in the Party leadership's simultaneous effort to prop up the Shanghai and Shenzhen stock exchanges through massive state intervention while cracking down on an emergent civil society. Aside from ordering state-controlled brokerages and banks to stop selling any holdings, China's leaders have tightened censorship of social media and approved the sweeping arrests of rights lawyers across the country. Even activists who favor the Party's stated reform goals -- promotion of women's rights or curbing corruption and pollution -- are harassed or arrested.

Decades into reform, this is finally where the Communist Party rubber hits the capitalist road and a restless public connected by social networks. The nemesis undoing its capacity to stem volatility and maintain stability through traditional hierarchical control is the democratization of information. Publicly listed stocks are valued and traded based on information widely shared by investors and can't simply be commanded to only go up. Six hundred million Weibo and WeChat users, who share their reality several times a day with others, can't simply be told something evident to all is not true.

“The nemesis undoing its capacity to stem volatility and maintain stability through traditional hierarchical control is the democratization of information.

The Party's conundrum is real: As the "encompassing organization" in charge of everything, it is at fault if anything goes wrong. Despite the considerable merits of a one-party system that can forge consensus and unity of purpose for beneficial long-term goals, President Xi and his fellow leaders are laboring under the power of the wrong metaphor. Their guiding light seems to be a misreading of the lessons of the collapse of the Soviet Communist party in the late 1980s and early 1990s.

China's top party officials appear to believe that the Soviet party met its demise because of Gorbachev's policy of "glasnost," or transparent information, and has thus concluded the way to survive is to construct a narrative people are compelled to believe in by controlling what they are otherwise allowed to know.

The reality is that the Soviet party collapsed precisely because of a similar effort to disguise reality with a trumped up narrative that didn't square with the facts. When the lies were taken away under "glasnost," there was nothing there. The Chinese party could not be more different. In China, the emperor does have clothes. It has demonstrably delivered for its people over the last three decades.

Certainly there have been mistakes. But admitting mistakes and fixing them, not covering them up, is what establishes legitimacy in the information age when everyone knows what's what anyway.

A Challenge to the Unitary State

It is true that China has always been a unitary state that never experienced the Western battles between religious and secular authority which, historically, created the space for an autonomous civil society that is beyond the power of the state. For this reason China's governing philosophy has never developed an institutional separation of powers. Even the Qin Dynasty School of Legalism -- which is said to be President Xi's primary inspiration in his anti-corruption campaign -- was meant to reinforce the administrative power of the unitary state. "Rule by law" is not meant to give the individual a way to redress abuses of power through the appeal to an independent judiciary as "rule of law" would do, but to ensure that rulers and citizens alike abide by rules set down by the state when their ethical fortitude falters.

What is different for China now than during its 2,000 years of institutional civilization is the intrusion of the information age where all share the same access to information. Just as the bourgeoisie created the space for civil society vis-à-vis royal absolutism in Europe, and just as women are today the makers of civil society vis-à-vis theocracy and patriarchy in the Islamic world, so, too, are retail investors and netizens the makers of civil society in China.

“The Party's conundrum is real: As the 'encompassing organization' in charge of everything, it is at fault if anything goes wrong.

This is a new and unprecedented development for such an old civilization. Acknowledging this reality does not mean China should move toward the organized chaos and legalized campaign finance corruption of multi-party democracy. In much of the West, particularly in the U.S., competing partisanship has divided the body politic and paralyzed governance with disconsensus to the detriment of the common good. And when elected officials increasingly represent their contributors instead of constituents, voting becomes a form of disenfranchisement disguised as consent of the governed.

Rather, China might take its cue from Singapore. There, investor behavior makes or breaks stock prices based on transparent and trusted information. An independent judiciary blocks abuse of authority and disables endemic corruption.

When the encompassing umbrella of the banyan tree becomes so dense it shuts out too much light to allow new growth on the ground beneath, Singapore's former Foreign Minister George Yeo has written, it needs to be pruned, not uprooted. Having earned allegiance to its narrative through performance, Singapore's nanny state has gained the confidence to lighten up and give civil society more room to breathe.
 China's leaders would better serve their cause by adopting the power of the right metaphor from their own civilizational sphere -- Singapore -- instead of obsessing about the collapse of the old Soviet party that has little in common with the Asian way.


I find it interesting that rich folk always want to be somewhere besides their country of origin
Robert Frank   | @robtfrank
22 Hours Ago

Chinese billionaire buys $52 million home—sight unseen

A Chinese billionaire has bought a mansion in Australia for a reported $70 million Australian dollars ($52 million)—making it the most expensive home ever sold in the country.

Chinese developer and billionaire Chau Chak Wing bought Australian businessman James Packer's megamansion in Sydney "without even seeing it," according to Domain.
The six-story home took three years to build and was intended as the family home for Packer and his wife Erica, The Real Deal reported. Yet after Packer filed for divorce, the home remained vacant for two years. (Packer has since been linked to pop singer Mariah Carey).

Packer reportedly spent AU$30 million to buy the land for the property and an estimated AU$40 million to build it, Domain reported.

The deal shows that despite the economic slowdown in China, some of the rich Chinese continue to spend on overseas real estate. Chau, the chairman of Kingold Group, is mainly based in China, but his daughter and wife live in Australia

He told Domain that while his family already has a home in Syndey, he wanted "something a little bigger" to accommodate his growing clan.

Chau has strong political connections in China and Australia. According to Domain, he sat in on a meeting last year with former Australian Prime Minister John Howard and Chinese President Xi Jinping in Beijing.

Offline zorgon

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Re: China: should we be alarmed yet ?
« Reply #25 on: August 11, 2015, 11:39:38 AM »

I seem to have turned into a china watcher..hummmmmmmmm

So am I LOL but I prefer the Days of Empire



I find it interesting that rich folk always want to be somewhere besides their country of origin

That is because if they put their holdings and money outside their native country they can not be taxed on it.

The USA recently passed a law that makes our rich pay taxes on foreign holdings. That is why many rich are wanting to renounce US citizenship

Say Goodbye, America: The Rich Are Renouncing Their Citizenship to Dodge Taxes

I bet that is why so many rich Chinese are buying in the USA

space otter

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Re: China: should we be alarmed yet ?
« Reply #26 on: August 11, 2015, 03:43:00 PM »

yep money seems to have more meaning than any loyalty to a country..but what they don't seem to understand is that they came in alone and that's how they..and all of us will be going out..equal / alone

China's New Mystery Missile And Launcher

China Cruise Missile TEL 12X12    Provided by Popular Science

CJ-10 DH-10 China Cruise Missile        © Provided by Popular Science

China Cruise Missile TEL      © Provided by Popular Science

China Cruise Missile YJ-18    © Provided by Popular Science

In mid-August 2015, eagle-eyed Chinese drivers spotted a new Chinese military vehicle that may give an indication of new missile launcher capabilities on the way.

Transporter Erector Launch (TEL) vehicles provide a mobile, survivable platform for surface-to-air, cruise and ballistic missiles, allowing them to disperse across the countryside in preparation for quick launches. This new TEL vehicle is similar to the all-terrain 8X8 TEL for the CJ-10 land attack cruise missile (LACM), but it's much, much bigger. It appears to share a similar powertrain to the CJ-10 TEL and has the same width, but it's much longer; it has 6 axles with 12 all-terrain wheels. There's an extended section above the first and second axles, which would likely hold additional personnel and equipment for missile launch and flight corrections. Also, it has a satellite communications dome, suggesting that it requires higher bandwidth for datalinks necessary to operate a more sophisticated missile.

What's more extraordinary about this new missile launcher is its two giant mystery missiles. While the CJ-10 TEL vehicle comfortably carried 3 CJ-10 missile canisters, the new TEL carries only two missile canisters, suggesting a missile much wider than the CJ-10. Also, despite the new TEL vehicle's greater length, its twin missile canisters still extend to its rear bumper, showing that the new missile is longer and wider. The new canisters appear to be about 9-10 meters long, compared to 7 meters for the CJ-10 LACM canister.

Speculation is that the new TEL truck is for the 540km-range YJ-18 anti-ship missile, a Chinese adaption of Russian Klub rocket/cruise missile technology. The Klub missile uses a discardable turbofan engine to cruise at subsonic speeds for most of its flight, and then uses a rocket engine to reach supersonic speeds of Mach 3 in its final 50 kilometers of flight. Given that the longest Klub missiles are about 9 meters in length (including booster), the new TEL could be for the YJ-18 anti-ship missile. However, greater diameter of the new missile could point to other possibilities, such as the long-range surface-to-air and anti-ballistic HQ-26 missile, an ultra long-range (4,000km+) cruise missile, or another large supersonic cruise missile. What can be certain is that the new missile launch vehicle, its increased sophistication, along with a likely larger missile it will carry, shows China's continued goal to develop and deploy new weapons as part of an updated and integrated architecture for extending its reach in the Asia-Pacific region

Offline SerpUkhovian

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Re: China: should we be alarmed yet ?
« Reply #27 on: August 11, 2015, 04:03:45 PM »
The United States had a ground launched cruise missile once.  It was the BGM-109 and Reagan traded it away in an arms reduction treaty (it pretty much had no tactical value).

I am glad to see China going down the path of a weapons system we determined was worthless years ago. 
Have you noticed since everyone has a cell phone these days no one talks about seeing UFOs like they used to?

Offline zorgon

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Re: China: should we be alarmed yet ?
« Reply #28 on: August 11, 2015, 07:50:41 PM »
One thing to Consider about Missiles...

If you own the USA... and all your rich Elite people have bought up all the prime Real Estate in the USA...

WHY would you send missiles to kill your own people and acquisitions?

China for thousands of years has taken a different approach. They ABSORB their enemy :D  This is easy to do by giving your enemy Chinese women... loyal and docile...

In a few generations you breed your enemy out of existence :P

space otter

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Re: China: should we be alarmed yet ?
« Reply #29 on: August 14, 2015, 04:14:42 PM »



vid at link - different than the one above

Top Chinese Businessman Defects To The U.S.

China wants the U.S. to return a well-connected businessman who fled to America after President Xi Jinping’s crackdown on corruption. Michael Mazza of the American Enterprise Institute joins Josh to discuss what happens if the U.S. doesn’t comply.

Josh Zepps

Watch Full Segment (8/5/2015)


China Seeks Businessman Said to Have Fled to U.S., Further Straining Ties

LOOMIS, Calif. — China is demanding that the Obama administration return a wealthy and politically connected businessman who fled to the United States, according to several American officials familiar with the case. Should he seek political asylum, he could become one of the most damaging defectors in the history of the People’s Republic.

The case of the businessman, Ling Wancheng, has strained relations between two nations already at odds over numerous issues before President Xi Jinping’s first state visit to the United States in September, (Sept.. china and the pope both here..wwow yep that's enough to make me believe in that meteor hitting earth..yep for sure) including an extensive cybertheft of American government data and China’s aggressive territorial claims.

Mr. Ling is the youngest brother of Ling Jihua, who for years held a post equivalent to that of the White House chief of staff, overseeing the Communist Party’s inner sanctum as director of its General Office. Ling Jihua is one of the highest-profile casualties of an anticorruption campaign that Mr. Xi has made a centerpiece of his government

The Obama administration has thus far refused to accede to Beijing’s demands for Ling Wancheng, and his possible defection could be an intelligence coup at China’s expense after it was revealed last month that computer hackers had stolen the personnel files of millions of American government workers and contractors. American officials have said that they are nearly certain the Chinese government carried out the data theft.

Mr. Ling’s wealth and his family’s status have allowed him to move freely in elite circles in China, and he may be in possession of embarrassing information about current and former officials loyal to Mr. Xi.

Mr. Ling appears to have evaded the Chinese authorities. He is now in the United States, according to several American officials and his next-door neighbor here in the foothills of the Sierra Nevada, where property records show Mr. Ling owns a 7,800-square-foot home, which he bought from a professional basketball player for $2.5 million.

The Chinese government in recent months has been raising pressure on the Obama administration to return Mr. Ling, according to the American officials. The officials spoke on the condition of anonymity in order to discuss a delicate diplomatic matter that has already complicated an arrangement made in April between the Department of Homeland Security and China’s Ministry of Public Security.

Under that arrangement, signed during a visit to Beijing by Jeh Johnson, the secretary of Homeland Security, the United States would be able to repatriate many of the tens of thousands of Chinese currently in the United States awaiting deportation, some in American detention facilities. In return, the United States would help the Chinese track down wealthy fugitives from China living in the United States who might also be breaking American laws.

Several American officials confirmed that Mr. Ling is in the United States, but they would not say publicly whether Mr. Ling had applied for asylum or give information about his whereabouts. The Department of Homeland Security, which handles asylum cases, does not comment about specific cases because of privacy laws.

China’s Foreign Ministry did not comment after being sent a faxed request for information on Mr. Ling’s case. Press officers for the White House, State Department and Department of Homeland Security declined to comment.

Three telephone numbers that people in California used to contact Mr. Ling all had Dallas area codes. Mr. Ling, whose English is said to be poor, did not respond to text messages in Chinese requesting an interview. Two of the three numbers are no longer in service, and no one answered the third number.

Christopher K. Johnson, a former C.I.A. analyst focusing on China, said the Chinese leadership might want Mr. Ling’s assistance in prosecuting his older brother. And, Mr. Johnson said, it would want to prevent the “treasure trove” of knowledge he has about Chinese politics from passing to United States officials.
“The leadership would want this guy badly,” Mr. Johnson, now at the Center for Strategic and International Studies in Washington, said in a telephone interview. “There’s no question that he would have access to a lot of interesting things.”

While it is unclear how much Ling Wancheng knows, the Communist Party itself has revealed some tantalizing clues about his brother Ling Jihua’s behavior, claiming that his corruption was a family affair. Last month, the party announced that Ling Jihua — a loyalist to the previous president, Hu Jintao — had been expelled from the party and would be tried, saying that he had “accepted huge bribes personally and through his family.”

Ling Jihua, 58, rose through the Communist Party’s Youth League under Mr. Hu in the 1980s and eventually served as either deputy or chief of the Central Committee’s General Office from 1999 to 2012. He was Mr. Hu’s personal secretary and closest protégé, and his position came with great powers: the ability to control the guards who protected the senior leadership, a significant voice in top personnel appointments and a central role in carrying out policy.

“It’s really the nerve center for the entire system,” Joseph Fewsmith, a professor at the Pardee School of Global Studies at Boston University who focuses on Chinese politics, said of Ling Jihua’s former position. “This is the essence of power politics.”

Ling Jihua was expected to advance to the elite Politburo, as every person who previously held that position since 1942 had done, including former Prime Minister Wen Jiabao.

But on March 18, 2012, Ling Jihua’s son was killed when the black Ferrari he was driving crashed in Beijing. One of two women with him in the car later died.

Ling Wancheng in an undated photo.

Ling Jihua’s botched cover-up of the episode helped lead to his political downfall. He was denied a spot on the Politburo, demoted to a less important post and, in December 2014, officially put under a corruption investigation.
But the corruption inquiry into Ling Jihua goes far beyond the Ferrari crash, and his younger brother, Ling Wancheng, may have played an important role.

As a senior official, Ling Jihua had his moves monitored. But his brother, as a private citizen, was far less constrained. He built a fortune as the chief of a Beijing-based investment company, which bought well-timed stakes in companies that went on to hold successful initial public offerings, earning the firm $225 million, according to a report in Caixin, a respected Chinese news media company. A company using the same California address that he used to buy his home in Loomis also bought at least two golf courses, one near Loomis, the other in Carson City, Nev., property records show.

Ling Wancheng is one of several Chinese citizens in the United States whom Beijing has requested be returned to China. A forum has been established to discuss these cases, called the U.S.-China Joint Liaison Group on Law Enforcement Cooperation, where the Chinese regularly press their case to Obama administration officials.
However, Ling Wancheng, who is believed to be in his mid-50s and goes by the name Wang Cheng or Jason Wang, was not on the publicly disclosed list of 40 fugitives believed to be in the United States that was released by the Chinese government this year, indicating how delicate the case may be to the senior leadership.

Marc Raimondi, a spokesman for the Department of Justice, said the department “has repeatedly shown that it will vigorously pursue prosecutions in the United States where there is alleged money laundering or other criminal activity in this country by fugitives sought by China.”

But, he added, “it is not sufficient to simply provide a list of names.” The department has urged China to provide evidence, Mr. Raimondi said.

In late 2013, Mr. Ling, using the name Wang Cheng, and a person using the name Li Ping, the same name as a former presenter on state television whom the Chinese news media have identified as Mr. Ling’s wife, bought a house in a gated community in Loomis from a National Basketball Association player, Beno Udrih, real estate records show.

Ray Matteson, Mr. Ling’s neighbor in Loomis, and his wife soon became friends with the couple next door, who introduced themselves as Jason and Jane Wang. The Mattesons invited them over for dinner or drinks at least three times. Mr. Ling offered gifts, once giving them a bottle of liquor from the family’s home province, Shanxi, and on another occasion two magnums of California wine.

The Mattesons said their neighbor had given no hints about his family’s high-level political struggle, the arrest of Ling Jihua and another older brother or the death of his nephew.

“In my mind, there’s no question he was a gentleman,” said Mr. Matteson, who, along with another person who met him in Loomis, confirmed that Jason Wang was the man identified in the Chinese news media as Mr. Ling. Neither person, however, could match the woman introduced as Jane Wang with pictures of Li Ping, the former Chinese television presenter.

Mr. Ling would send text messages to his next-door neighbors. His English was poor, so he often used emoji, like a thumbs up or a happy face. He would send links to videos he found funny, and he asked for advice on where to find people to clean his windows.

Mr. Matteson said he had not seen Mr. Ling since October, when the two couples had dinner at Mr. Matteson’s home. But if Mr. Ling was in hiding in the United States, the prosaic details of maintaining a California estate kept him tethered to Loomis: There were homeowners association fees to pay, and a gardener had to keep the bushes trimmed and the lawn mowed.
Mr. Matteson’s last contact with Mr. Ling was in May, when the alarm system in Mr. Ling’s house was activated and the security company asked Mr. Matteson to contact Mr. Ling to obtain the code to enter the gate to his home.

The Mattesons said they had never seen any unusual activity in the neighborhood, except for one visit several months ago by officers from the Department of Homeland Security, who said they were trying to contact Mr. Ling.

Ling Wancheng’s visa status is unclear. Christopher Bentley, a spokesman for the United States Citizenship and Immigration Services, a division of Homeland Security, said that it usually took one to three years for an asylum case to be settled. During that period, he said, the asylum seeker is allowed to stay legally in the country.


Michael Forsythe reported from Loomis, and Mark Mazzetti from Washington.

A version of this article appears in print on August 4, 2015, on page A1 of the New York edition with the headline: China Seeks Businessman Said to Have Fled to U.S. Order Reprints| Today's Paper|Subscribe 

tons of embedded links thur out the article
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