Dan Collins CMR There is anything super about the American Superpower’s attempt to stabilize the situation in the Ukraine. Russia offered $15 billion in aid to the Ukraine. The U.S. Congress now has legislation being drafted to allow Ukraine to access loan guarantees up to
China has built more 4G base stations than Europe as the country speeds up its construction of its 4G network, reports Huanqiu, the Chinese-language website of the state-run Global Times. Since China Mobile, the world’s largest mobile service provider in terms of customer numbers, obtained
China registered a record 152 billionaires in the 2014 list, up near 25 percent from 122 last year, while Hong Kong clocked up 45, said Forbes. “That’s probably the biggest trend coming out of here… we had a little over 30 newcomers just from mainland
More love from the religion of peace. On the night of March 1, the police cordoned off Kunming Train Station. More than 10 masked assailants with machetes wearing the same outfits hacked innocent people at the square. Even the old and the children were not
MOSCOW — Russian Prime Minister Dmitry Medvedev said on Sunday that Ukraine’s leaders had seized power illegally, and predicted their rule would end with “a new revolution [and] new bloodshed.” Medvedev said that, while Viktor Yanukovych had practically no authority, he remained the legitimate head
D.Collins CMR Only in the current version of the United States could a Secretary of State make remarks of such hypocrisy and yet never once have them questioned in the American state-run media. John Kerry hit the D.C. political media on Sunday calling the entry
http://theaviationist.com Some 10 Russian Mi-24 Hind helicopters were allegedly filmed entering Ukrainian airspace over Crimea. Amateur video uploaded on Youtube shows eleven Mil Mi-24 helicopters allegedly flying towards the military airport at Sevastopol early in the morning of Feb. 28.
China hates speculators…yet it has made it so easy for them to make money on a one-way rising Yuan. They have recently been trying to squash speculators before letting loose on the RMB which in my expectations will double within ten years.
Rome days away from bankruptcy Eternal city warns it will go bust for the first time since it was destroyed by Nero
WSJ Matteo Renzi, the Italian prime minister, came under pressure on Thursday as the city of Rome was on the brink of bankruptcy after parliament threw out a bill that would have injected fresh funding. Ignazio Marino, Rome mayor, said city services like public transport
Dan Collins CMR When I moved to China back in 1998 I was surprised to learn how highly the Chinese thought of America. Of course China was a much poorer place back then but coming from the Detroit area I couldn’t fathom where was all
The guest in this clip has it right that the U.S. makes nothing
of any real value that is competitive on global markets. And he
is right that America has no real poverty when compared globally.
If you have a roof over your head, and electricity your not poor.
Where does he go wrong? Firstly American standards should not be
set by the lowest common denominator. Secondly he believes there is
“all this wealth” around in the U.S when actually it is debt and
money printing. The entire system is dependent on the rest of the
world working to support Americans so they can go on the Maury Povich
show to get paternity tests. Once the American Dollar cracks, the
entire global economic system will be re-ordered.
Profit from the disconnect!
China was among the casualties of the recent relatively
indiscriminate selloff in emerging markets, leaving its
shares cheaper than laggards Turkey and Argentina and
potentially opening a bargain buying opportunity.
“With an estimated 2014 P/E (price-to-earnings ratio) of
8.1, China is cheaper than Turkey, whose economy is in a
tailspin. With China’s industrial profits growing at a
robust 12.2 percent year-on-year, this makes no sense to
us,” David Goldman, managing director at global financial
services group Reorient, said in a note.
“That makes China the cheapest major market in the world
on a forward-looking P/E basis (and the cheapest it’s ever
been),” he said.
China shares have been trading like an emerging market
index, he noted. “That can’t be right. A great deal of the
emerging market index reflects commodity exporters who have
suffered in the deflationary headwinds, while China benefits
from lower raw materials prices.”
Indeed, some are predicting a big jump in China equities.
JPMorgan expects a 15-20 percent rebound, to an implied 10
times earnings, in coming weeks as focus shifts to two key
political meetings which should kickstart the country’s
Others have also noted a disconnect between China shares’
performance and its relatively stable economy. “It appears
that the market believes that China’s economic situation has
deteriorated by as much as those in Argentina and Turkey in
recent weeks,” Jun Ma, chief economist at Deutsche Bank,
said in a report. “This market perception of China is wrong.”
He noted the China H-share index has fallen by 16 percent
since the beginning of December, nearly as much as Turkey’s
22 percent fall in U.S. dollar terms and Argentina’s near
20 percent decline and topping Brazil’s 12.7 percent fall.
But those countries’ declines were triggered by factors that
don’t apply to China, he said, with their currencies
depreciating sharply amid concerns of fund outflows as the
U.S. Federal Reserve began to taper its asset purchases.
In addition, other emerging markets face concerns such as
high inflation, fears of external debt crises and political
instability, he noted.
“We strongly believe that China’s economic fundamentals are
much healthier than most other emerging markets and China is
one of the least vulnerable emerging market economies to
U.S. tapering,” Ma said.
China’s yuan has been among the most stable emerging market
currencies in the past few weeks and it’s likely to remain
stable this year, he said, noting that in the period from
December 1 to February 5, the yuan gained 0.5 percent
against the U.S. dollar while Argentina’s peso fell
22 percent and Turkey’s lira shed 8.6 percent.
In the 60′s the Mainland Chinese were starving yet there
were efforts made to collect and distribute foodstuffs and
clothes to send to their starving brothers and sisters in
Taiwan. These of course were government lies in order to
have people believe it was worse elsewhere. Taiwan was booming
economically as they were manufacturing.
In the West despite 50% youth unemployment we are told its
still the best economy. Yet as the the article below shows,
the youth of the West, as they leave their shores looking
for opportunity will begin to realize that the post-industrial
welfare economies of the West are not functional, and the
real wealth has left the country. As a young man , I left the
hollowed out ruins of Detriot. You can too.
Want China Times
British nanny tells of ‘insanely wealthy’ Hangzhou family
A British woman’s experience working as a nanny for a wealthy
Chinese family has been widely reported and translated by
Soraya Heydari wrote an article originally published in the
US-based Business Insider entitled “I’ll Never Look At China
the Same After Working For An Insanely Wealthy Family in
Hangzhou,” with the piece offering a glimpse of the lives
of China’s rich elite class.
Heydari wrote that after a rough final year at university,
she decided to leave London after seeing a job listing for a
live-in teacher and nanny in China. After arriving, she was
surprised that the family’s luxurious lifestyle was nowhere
near her expectations and differed from the Communist China
described in the books and articles she had read.
She described how her host family often drove around in one
of their five Porches and spent weekends “having lavish 50-
dish banquets.” The host mother had a wardrobe packed with
designer clothes and shoes, and had “stacks of designer shoes
delivered every week.” Heydari found the family to be fond of
Western foods and customs, though they often adopted them in
ways she found amusing.
For those of you in the West…in case your taking notes.
There is no free lunch in this world. Decades of trade
deficits carry consequences. That money comes back and
takes ownership.This is the part where you go from “landed
peasantry” to “landless serf”. Meaning you till the land of
others as you have lost ownership.
Want China Times
Chinese investors bought out a record 120 European companies
in 2013, many of them German or British companies, according
to a report by Ernst & Young. Chinese companies bought a total
of 25 German and British companies last year, with China
becoming Germany’s sixth biggest investor, following the
United States, the United Kingdom, Switzerland, France and
Austria. In addition to Germany and the United Kingdom, Chinese
firms acquired 15 companies in France, and seven each in Italy
Chinese investors placed more focus on the industrial sector,
consumer goods and real estate with 24, 21 and 10 out of the
120 firms bought belonging to these sectors respectively.
Sun Yi, a partner at Ernst & Young, said China is buying European
firms because it wants to strengthen its innovative capabilities
through the European market and technology. Germany’s automobile
manufacturing sector, for example, is a popular sector for
Chinese companies will particularly focus on prospective industries,
such as the automobile sector. Sun stated that the Chinese automobile
industry is eyeing the global market. Specialized technology,
outstanding employees and established sales channels through European
brands are needed for China’s industrial development. With the Chinese
government relaxing curbs on global investments, more Chinese investors
are expected to foray into Germany and other European countries this
year, Sun said.
A partner at PricewaterhouseCoopers said mergers and acquisitions
involving Chinese firms in foreign countries is expected to see at
least 25% growth in 2014. Additionally, their focus will be placed not
only on natural resources such as petroleum and natural gas firms but
also emerging sectors such as biomedicine, environmental protection
and the internet.
Scientists talk of ‘pandemic potential’ after first confirmed human death from new strain of bird flu
For those that are keeping score…the new H1NI strains continue
to multiply and evolve. Countdown to the next global pandemic
Scientists talk of ‘pandemic potential’ after first confirmed
human death from new strain of bird flu
Chinese scientists have said the “pandemic potential” of a new
strain of bird flu “should not be underestimated” after the first
known human infection resulted in the death of an elderly woman.
The new strain is a variant of a virus known as H10N8, which
scientists believe may have originated in wild birds, and later
spread to poultry. The victim, a 73-year-old woman from Nanchang
City in south-eastern China, was the first person confirmed to have
been infected with the new type, and a second case has since been
discovered, raising concerns that the virus has evolved so that it
can transfer easily from birds to humans.
Its emergence coincides with a surge in the number of cases of
another bird flu strain, H7N9, which is known to have infected 286
people since March last year, causing 60 deaths. The vast majority of
cases have occurred in China, but Taiwan has also recorded two
infections, and the virus is known to have spread to Hong Kong, which
has seen four cases.
Nearly half of the H7N9 infections since March have occurred in 2014,
and Chinese authorities have warned that large numbers of people
traveling across the country for the Chinese New Year may further
the spread of the virus.
However, fears of a major flu pandemic have been allayed because, so
far, the virus has shown no signs of mutating into a form that can
be easily transmitted between humans, with the majority of cases
occurring in people who had recently come into contact with poultry.
With current data, there is no way of knowing whether the new H10N8
will transfer more easily between humans, but scientists said that
great vigilance was needed.
In their report of the death, published in The Lancet medical journal
today, public health scientists in China said that it “further increases
the importance of surveillance for pandemic preparedness and response”,
adding that “ the pandemic potential of this novel virus should not be
However, Dr John McCauley, director of the World Health Organisation’s
Collaborating Centre for Influenza, said that the “ epidemiological
significance” of the infection remained “unclear”.
“Previously we did not think that H7N9 infections might be so lethal,”
he said, referring to fatal cases in China. “Now we also must consider
H10N8 as well.”
“More human infections by avian H10N8 cannot be ruled out,” he said,
adding that the virus did not cause serious disease in poultry so would
be difficult to detect. However he said the virus was not “expected to
be transmitted well between humans”.
The 73-year-old victim had visited a live poultry market a few days prior
to infection, according to the report, She went to hospital with fever
and severe pneumonia on 30 November 2013, and despite antibiotic and
antiviral treatment developed multiple organ failure and died nine days
after falling ill. H10N8 was not detected at the poultry market she had
visited, so the source of infection remains officially unknown. It appeared
likely that “underlying conditions” exacerbated the infection, Dr McCauley
said. Dr Mingbin Liu, from the Nanchang City Center or Disease Control and
Prevention, who co-authored the paper, said that a second case had been
identified in the same province at the end of January: a 55-year-old woman
who is understood to be in a stable condition.
“This is of great concern because it reveals that the H10N8 virus has
continued to circulate and may cause more human infections in future,”
An article surfaced today in China discussing a new player
in the gold market that has Wall Street running scared.
The new player is the Chinese housewife. This typical
Chinese housewife as described in the article is between
40 to 60 years old with investable assets of between
$10,000-$10 million dollars. This representative housewife
in addition to her assets also has what approaches zero
knowledge of investment knowledge.
The article goes on to give one example Of these “Mad
hunters of Gold” whom they call Auntie Kimmy. Auntie Kimmy
has purchased $2 million Yuan ($330,00 USD) worth of gold
over the last year. When asked if she was disappointed by
the decline in gold prices, Aunti Kimmy said, “Not at all,
..this gold is going to my children.”
It is this mentality that has Wall Street nervous. Quoted
in the article is State Council Development Research Center,
Institute for International Economics Visiting Researcher
Zhang Jie who was quoted as saying Wall Street and the Fed
should be very nervous. The business of loaning out based
on gold reserves is over as once the gold arrives in China,
it is never going back.
Chinese media are reporting that fighter planes were scrambled to intercept Japanese fighter planes during the Chinese New Year.
The official media report said both sides were engaged in a dogfight
trying to establish superior air positions with craft “rising , diving , and turning left and right. At last the foreign military had to leave the scene. Japan was not named in the report, but it was strongly suggested
the “foreign military” in question matched Japanese fighter designs.
The Chinese Foreign Ministry has come out and declared that
China will fight back against Japan and its provocation over
Foreign Ministry: Japanese side dares to provoke trouble
over the Diaoyu islands.
China news agency, Beijing, January 30 (Reporter Yu Zhanyi) –
Chinese Foreign Ministry spokesman Hong Lei has gone on record
saying “China demands that the Japanese government immediately
clarify their plans to develop an “airspace” response plan.
This is in response to the news we reported on yesterday that
Japan is planning to force down Chinese aircraft and arrest the
Hong Lei was quoted as saying…”the Japanese side shout “pacifism”,
while actively building their military capability. “Diaoyu
Islands are China’s inherent territory, China has the determination
and ability to defend the country’s territorial sovereignty.
Upgrade the problem if Japan dares to stir up trouble, China will
resolutely fight back.
Comex gold is disappearing, ETF holdings down…Gold just doesn’t
disappear. So where did it go? It’s now in Singapore, Shanghai,
Beijing, and New Delhi never to return to the West.
N.E. Asia has the choking smell of Gunpowder. Japan Planning to use F-15′s to Force Down Chinese Planes and Arrest Pilots
China’s Global Times, the mouthpiece of nationalists in
Beijing, came out with a scathing criticism of Japan
and a preemptive warning to the Chinese populace today
of what Japan is planning next over the Diaoyu conflict.
They said due to Japanese provocation, the entire Northeast
Asia region has the chocking smell of gunpowder.
Japanese media has started to report that they are developing
processes and procedures which will involve Japanese F-15
fighter jets surrounding and forcing Chinese planes to land
in Japanese airports in which upon their arrival they will be
arrested for violating Japanese airspace. The airports and
courts to be involved will be in Okinawa prefecture.
The Global Times went on to say that Japanese politicians are
trying to gain popularity with launching a warning flare against
the Chinese military and that they are trying to relive the dreams of
120 years ago during the first Sino-Japanes war where Asian power
shifted from China to Japan as an old and decaying Qing empire could
not withstand a Japan that had opened up to industrial and scientific
advancements from the West.
As for the Chinese people, they said concern should not be too grave
but to remain on guard as the country has also been elusive and citing
the sneak attack of Pearl Harbor in 1941.
Gold Flows East as Bars Recast for Chinese Defying Slump
Gold’s biggest slump in three decades has been a boon for
MKS (Switzerland) SA’s PAMP refinery near the Italian border
in Castel San Pietro, whose bullion sales to China surged
to a record as demand rose for coins, bars and jewelry.
As prices plunged 28 percent in 2013, investors dumped a
record 869.1 metric tons from gold-backed funds traded
mostly in the U.S. and Europe. Much of that metal is ending
up in Asia, where companies such as The Brink’s (BCO) Co.,
UBS AG and Deutsche Bank AG are opening new vaults. China’s
expanding wealth has made the country the world’s largest
buyer, surpassing India, as imports reached an all-time high.
PAMP Managing Director Mehdi Barkhordar, who credited China’s
“insatiable” appetite for a sales boost of as much as 20 percent
last year, remains optimistic even as growth in the world’s
second-largest economy slows. “The demand in China is off its
peak, but still respectable,” he said last week.
To keep up with orders, MKS added shifts at the PAMP refinery,
located about 4 miles (6.4 kilometers) from the Italian border,
Barkhordar said in November as he showed off a 1-gram gold piece
the size of a fingernail. Furnaces that can process more than
450 tons a year were at full capacity from April to June,
melting mined metal, scrap jewelry and ingots at 1,000 degrees
Celsius (1,832 degrees Fahrenheit) into the higher purities and
smaller sizes favored by Asian buyers.
Brink’s, the largest provider of precious-metals logistics and
storage, is adding room on top of a vault the company opened in
2012 at the Singapore Freeport building next to Changi
International Airport, with a sleek, modernist lobby and a
twisting, polished-steel sculpture by Ron Arad that stands 5
meters high. Inside, the gold bars are protected by prison-
like barriers, two body scanners and 8-ton, fireproof gates.
You didn’t think all those Chinese uranium investments were
to be used just for power plant usage did you?
Article from Want China Times
While claiming that the People’s Liberation Army is unable to
compete against the United States in a full-scale nuclear war,
Vasiliy Kashin from the Moscow-based Center for Analysis of
Strategies and Technologies stated that China has the ability
to wipe Japan from the face of the Earth with its projected
arsenal of at least 600 nuclear warheads in ten years’ time,
reports the Voice of Russia.
China does not have enough advanced ballistic missiles, nuclear
submarines and strategic bombers to match the United States,
Kashin said the only way the country can defend itself from a
nuclear attack is to accumulate as many warheads as it can.
If the current trend continues, the PLA will have at least
600 nuclear warheads in the next 10 years, Kashin said —
more than Great Britain and France but fewer than the
United States and Russia.
With the United States reducing the number of its warheads,
it is conceivable that China may have the same number at some
point in the future, Kashin said. But if China is unable to
threaten all the major cities in the continental United States,
its warheads are still capable of completely destroying US
allies in the Asia-Pacific region such as Japan and South Korea
since the DF-31A missile with the range to reach those nations
entered service with the PLA back in 2006.
The Tokyo-based Japan Military Review meanwhile stated that
China has three major submarine bases — in Shazikou in Qingdao,
Xiaoping island in Dalian and Yalong Bay of Hainan. From the
Shazikou base, the PLA Navy’s ballistic missile submarines can
sail to the northern Bohai Bay, the exclusive economic zone
between China and North Korea.
A JL-2 submarine-launched ballistic missile with a range of 12,000
kilometers launched from here could reach all major cities in
the United States including the eastern seaboard. It would be
harder for the US and its allies to detect the movements of Chinese
submarine in Bohai Bay since it is within Chinese and North Korean
waters, the report said.
Despite getting 40 cents on every American dollar spent and
ending 2 wars….they just can’t get enough. The Pentagon actually
spends more than 100% of every dollar the American government
actually takes in. The U.S. prints a trillion to make up the
Is China a concern…absolutely. Will you counter China by
throwing more money at your fat contractor buddies in the
defense complex? Not a chance.
Washington Free Becon
Pentagon Concerned by China’s New High-Speed Missile
Hypersonic strike vehicle test is high-tech arms breakthrough
that will be difficult for missile defenses to counter
China’s recent test of a new ultra-high speed strike vehicle
highlights growing concerns that Chinese military advances will
overtake those of the United States in as few as five years, a
senior Pentagon official told Congress Tuesday.
Frank Kendall, undersecretary of defense for acquisition, technology,
and logistics, said during a House Armed Services Committee hearing
that he is concerned by large-scale cuts in U.S. defense spending
that are undermining efforts to maintain U.S. military superiority.
“On hypersonics, this is a good example of an area of technology that
is going to move forward whether we invest in it or not,” Kendall told
a hearing on the United States shift toward Asia. “China is doing work
in this area.” The Pentagon is investing some resources in two forms
of hypersonic arms: a ballistic missile boost glide vehicle and a jet
powered, atmospheric cruise missile, he said. Kendall said the threat
of such hypersonic vehicles to the United States is that they are
difficult for missile defenses to counter. The vehicles travel and
maneuver while flying at speeds of up to Mach 10 or 7,680 miles an hour.
“The high speed of these systems makes it much more difficult for air
defenses to engage,” he said. Kendall, in testimony on the Obama
administration’s so-called “pivot” to Asia, said the Chinese development
of hypersonic strike weapons is an area of technology that is likely
to outpace U.S. efforts in the future.
Hedge Fund PCA Shuts After China Sovereign Fund Redeems
Jan 27 2014 | 2:00pm ET
A hedge fund backed by China’s sovereign-wealth fund has
closed after the China Investment Corp. withdrew its investment.
PCA Investments shut its doors last week, according to The
Wall Street Journal. CIC had been PCA’s only major investor
and had provided almost all of its roughly US$500 million in
assets. CIC, which has been reshuffling its management recently,
decided to redeem from PCA due to a strategy change, Bloomberg
PCA, which was founded in 2011 by Platinum Grove Asset Management
veteran Hang Hu and former Merrill Lynch executive Wing Lau, has
posted positive returns in each of its three years, including double-
digit gains in each of the last two.
PCA was based in Beijing and Hong Kong. At least five jobs have been
lost at the latter site, although the fate of Hu and his Beijing-based
staff is unclear, Bloomberg reports. Lau left the hedge fund last year
Jamie Dimon is getting a raise. Crime pays on Wall Street.
Clearly now, there is a Quid Pro Quo between the Oligarchic
banks and the government. You can manipulate the retail
investors into losses, skim profits from them but you
need to kick back some of that money to the government in
the form of fines. You can even over-bill people for electricity.
Of course, you will never have to admit
wrong-doing, just pay the fine, shut-up, and take your bonus.
Last year, Dimon took a huge pay cut taking home $11.5 million
because of the “London Whale” trading debacle. That was half
of what he got paid in 2011 when he took home $23 million. It
is estimated his compensation this year could rise 88%.
You are witnessing the last days of the republic. When
financial oligarchs can loot what is left of the country.
That is what these investment banks are doing by getting
0% free money from the Fed and buying real companies and
assets with it.
Lets review the fines his company has paid over the last
year or so…..
Oct. 2013: $100 million: Agreed to pay a $100 million fine and
admit to reckless conduct and market manipulation in connection
with its 2012 “London whale” trading debacle, the Commodity
Futures Trading Commission announced.
Sept. 2013: $920 million – Paid to the Federal Reserve, Securities
and Exchange Commission, Office of Comptroller of the Currency
and the United Kingdom’s Financial Conduct Authority to settle
claims about management and oversight of traders involved in the
“London Whale” disaster. The bank also admitted wrongdoing in
the trading episode, which caused roughly $6 billion in losses.
Sept. 2013: $389 million – A total of $80 million in fines paid
plus $309 million in refunds after regulators charged that more
than 2.1 consumers were harmed by unfair billing practices that
charged for credit monitoring services they did not receive.
The settlement also covered allegations that consumers were
harmed by mistakes in thousands of debt-collection lawsuits.
July 2013: $410 million – Penalties and repayments related to
Federal Energy Regulatory Commission findings of alleged bidding
manipulation of California and Midwest electricity markets from
Sept. 2010 through Nov. 2012.
January 2013 and Feb. 2012: $1.8 billion – Two agreements in which
JPMorgan joined other major banks in a nationwide settlement over
allegations the institutions improperly carried out home foreclosures
after the housing market crisis. JPMorgan also agreed to $3.7 billion
for financially troubled homeowners and roughly $540 million in
November 2012: $296.9 million – Paid to settle SEC allegations that
the bank misstated information about the delinquency status of
mortgages that served as financial collateral for a securities offering
underwritten by the bank. JPMorgan received more than $2.7 million in
fees on the offering, while investors sustained at least $37 million in
August 2012: $1.2 billion – The bank’s share of a broad settlement
resolving a class-action lawsuits that alleged JPMorgan, other banks,
Visa and Mastercard improperly conspired to set the price of credit
and debit card interchange fees.
April 2012: $20 million – Paid to settle Commodity Futures Trading
Commission allegations that the bank improperly extended credit to Lehman
Brothers based in part on customer funds that were required to be kept
August 2011: $88.3 million – Fines settling allegations by the Treasury
Department’s Office of Foreign Assets Control that the bank improperly
processed transactions involving Cuba, Iran and Sudan.
July 2011: $228 million – Settling SEC allegations that the bank
fraudulently rigged at least 93 municipal bond transactions in 31 states,
generating millions of dollars in ill-gotten gains.
June 2011: $153.6 million – Penalties to the SEC in settling allegations
that the bank misled investors about a collateralized debt obligation it
marketed without telling them a hedge fund chosen the underlying
collateral and made investment bets it would fail.
April 2011: $56 million – Paid to settle claims the bank overcharged
active-duty service members on their mortgages. The agreement included
$27 million in cash to approximately 6,000 military personnel, lower
interest rates on soldiers’ home loans and the return of homes taken
in improper foreclosures.
June 2010: $48.6 million – Fine paid to settle allegations by Great
Britain’s financial regulator that the bank’s London unit failed to
maintain required separation between clients’ accounts and JPMorgan
If your in California, your nominal tax rate in some brackets is
already near 57%. That does not include your property taxes,
sales taxes, etc..
In China, they collect taxes on import duties and a consumption
tax. Hence, they have production jobs, massive government surpluses
and a real economy. They now continue to move towards free market
capitalism while American moves back to government planning.
Places like Detriot, and other rust belt cities need to be
made into free trade zones for manufacturing companies immediately.
From Want China Times
China’s central government has given the nod to 12 free
trade zones (FTZs)
following the one in Shanghai, amid a spurt of nationwide
enthusiasm for such schemes. Tianjin municipality and Guangdong
province have been green-lit to set up FTZs, a source with
knowledge of the approval told Xinhua-run Economic Information
Daily on Wednesday, refusing to leak the remaining 10. After
consent from the cabinet, a group of central government departments
will conduct a joint survey of the proposed zones, and hammer out
specific establishment plans in a process that may last more than
a year, said the source. So far, Tianjin and Guangdong have completed
the survey part, which the other 10 have just started, according to
Provincial regions including Zhejiang, Shandong, Liaoning, Henan,
Fujian, Sichuan, Guangxi and Yunnan, and cities including Suzhou,
Wuxi and Hefei have all said that filing FTZ applications is high up
their 2014 priority list. “China sets no limits on FTZ numbers and
no timetables on building them, as long as they meet the requirements
of an FTZ,” added the source. Huo Jianguo, head of a research institute
with China’s Commerce Ministry, said the emerging FTZs could be testing
grounds for further opening-up policies, and serve as the bright spot
of the country’s economic development.
Last September, China established the Shanghai FTZ, the first of its
kind, as a national strategic trial to further tap market forces and
push market-oriented trade and investment reforms.
Want China Times
An elderly Chinese immigrant in the United States was reportedly
beaten by New York City police for jaywalking on Jan. 19.
The incident allegedly arose from the old man’s poor English,
and the officers involved have been accused of excessive force,
reports China’s Global Times.
The 84-year-old man, Kang Chun Wong, was about to get a ticket
from a police officer who caught him jaywalking at an Upper West
Side intersection on Sunday afternoon. Miscommunication turned
into conflict however due to Wong’s limited English ability and
the officer’s impatience.
CNN anchor David MacKenzie blatantly tries to push his way
through a police check point. At the checkpoint, he is asked
to stop by a 5 ft police women who is even speaking English,
asking him to stop and respect the police checkpoint.
He claims its “public space” and tries to push his way through
the police checkpoint. Would this reporter try and push his way
through a police checkpoint in the United States? Of course not,
has he would be shot by the police brandishing AR-15′s.
This is just another ridiculous stunt by another so-called
journalist. Both CNN and BBC did similar “reporter got roughed up”
bits on the same day. They must have both gotten the memo to
try and step up the “Human rights” attack angle on China.