On this page the following entries were made in the “Economy” category.
Archive for “Economy”
Torch Protest Misunderstanding: Why Chinese and Foreigners Don’t Get Each Other
In an AP article I found via ESPN.com I zeroed in on a quotation from a torch bearer name Fu Shenfeng seems to have unintentionally summed up the disconnect between Western and Chinese views on Olympic torch protests:
“Foreigners don’t understand China,” said torch bearer Fu Shenfeng before the relay started. “They still think we’re stuck [...]
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Does the Central Government Run China?
In the LA Times today, Francis Fukuyama argues that the greatest tyranny in China today is local, rather than the central, government. While his argument is essentially correct, it also oversimplifies the picture and implicitly absolves the country’s top leaders of their role in the country’s ills, while at the same time misunderstanding the uniqueness [...]
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Renminbi Passes 7:1 Mark Against US Dollar
You may not have noticed this, but the Renminbi has now surpassed the 7:1 ratio to the US Dollar. Bank of China is now listing the official rate at 6.99:1. The symbolism of this barrier is more important than the actual change, but it shows the long trend that has significantly sped up, particularly this [...]
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Neocon Arrogance on Taiwan
If you want to realize just how scary the neocons are, then you might want to check out John Bolton’s piece in the LA Times in which he argues that the way to ensure peace in East Asia is for the US to recognize Taiwan diplomatically. He seems to think this would be the [...]
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How Big a Problem is Outsourcing?
It is great political fodder to talk about the horrors of outsourcing, and indeed it can be a major problem when there are no corresponding training programs to give workers skills they need to be competitive when their jobs go elsewhere. On the other hand, sometimes outsourcing part of the production line makes it possible [...]
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Put Your Guests in the Hallway
It’s amazing the things you learn from your old landlords. For example, did you know that the 103 square meters that are officially included in the floor space in my old apartment included the hallway and the lobby on the first floor? It’s true. It may even have included the courtyard for my complex. Of [...]
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Message to US: Stop Manipulating the Dollar
It’s getting to the point where you can’t find a product in China that doesn’t come from the US. The cars are Ford, the computers Apple, and the financial services are from New York. The artificially weak US Dollar has upset the natural balance of trade and distorted markets. Cup of Cha urges Congress to [...]
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Crappy Olympic Gifts Unaffected by CPI Jump
As consumers around the country panicked in the face of rocketing prices for food, oil and other essential items, the Beijing Organizing Committee of the 29th Olympic Games sought to soothe frayed nerves. Xinhua reports:
The Beijing Organizing Committee of the 29th Olympic Games (BOCOG) Wednesday vowed to maintain the licensed Olympic product prices at present [...]
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August 8th Changes Everything (to Some)
My lease is up in a few weeks, and while I’m happy with the current apartment, I’m willing to test the waters. I’ve been looking at some places recently and have come to an unmistakable conclusion: Beijingers have lost their effing minds. They seem to think that owning a Beijing apartment in 2008 is as [...]
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Prepare for Spying Blow Back?
For Americans living in China, the announcement that two people were just arrested for passing business and military secrets along to the Chinese government is reason to be slightly tense. One of the two primary targets was American born, while two others were naturalized (born in China and Taiwan), and while the fourth appeared to [...]
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