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Tag Archives: china
China’s Fake Disneyland is Saddest Place on Earth; Thomas Friedman Hardest Hit
China’s Deserted “Fake Disneyland”: Situated on an area of around 100 acres, and 45 minutes drive from the center of Beijing, are the ruins of ‘Wonderland’. Construction stopped more than a decade ago, with developers promoting it as ‘the largest … Continue reading
Claim: China’s economy on edge of collapse, Thomas Friedman hardest hit
Chinese TV Host Says Regime Nearly Bankrupt. Secondly, that the regime’s officially published inflation rate of 6.2 percent is fabricated. The real inflation rate is 16 percent, according to Lang. Thirdly, that there is serious excess capacity in the economy, … Continue reading
Backdoors in Chinese-made Defense Chips
Business Insider – The Navy Bought Fake Chinese Microchips That Could Have Disarmed U.S. Missiles: Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits … Continue reading
China top buyer of gold, even though it can’t be made into delicious egg fu young
Wall Street Journal – China Is Now Top Gold Bug: Chinese investors are snapping up gold bars and coins, buying more than ever before in the first quarter of 2011 and overtaking Indian buyers as the world’s biggest purchasers of … Continue reading
China finds $268 billion in Treasuries under couch cushions
China’s holdings of US debt jump 30 percent: China, the biggest buyer of U.S. Treasury securities, owns a lot more than previously estimated. In an annual revision of the figures, the Treasury Department said Monday that China’s holdings totaled $1.16 … Continue reading
Rush Limbaugh on Hu Jintao’s White House Dinner
“The 2009 Nobel Peace Prize Winner hosted a dinner for the guy holding the 2010 Nobel Peace Prize Winner in prison and the media does not get the irony of this at all.” – Rush Limbaugh I’m not a big … Continue reading
Nobel Peace Prize winners who weren’t allowed to collect their prize
It’s a short list. “By the way, here are the people who have been unable to travel to Oslo to accept the Nobel Peace Prize: Ossietzky, the German, in 1936; Sakharov, the Russian, in 1975; Walesa, the Pole, in 1983; … Continue reading
China Censoring Text Messages About Dissident Liu Xiaobo Winning Nobel Peace Prize
says Seth Roberts, who is in-country.
China May Have Mother of All Real Estate Bubbles
BusinessInsider – There Are Now Enough Vacant Properties In China To House Over Half Of America. Chris Martenson - Guest Post: The Two Keys to Understanding China’s Housing Bubble: My wife and I are fortunate to have a network of … Continue reading
Google switches Gmail to https by default
Information Week – Google: We’re Encrypting Everyone’s Gmail Automatically: Whether or not the timing of this announcement has anything to do with Google’s recent actions in the Chinese market is unknown. The company today said that it is switching Gmail … Continue reading
Money trouble in Big China
Telegraph – China has now become the biggest risk to the world economy “The inherent problems of the international economic system have not been fully addressed,” said China’s president Hu Jintao. Indeed not. China is still exporting overcapacity to the … Continue reading
China moves to become a global currency
Telegraph – China calls time on dollar hegemony You can date the end of dollar hegemony from China’s decision last month to sell its first batch of sovereign bonds in Chinese yuan to foreigners. Beijing does not need to raise … Continue reading
2009 stimulus spending by country as a percent of GDP
This really shows that this is a global slowdown, not just something specific to the U.S., though the U.S. meltdown is having secondary effects due to the sheer size of our economy. That chart is from Eric Janzen’s latest piece, … Continue reading