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Take a Look at China's New Attack Helicopter
2012-02-07 15:45:00
From Gizmodo: The Chinese continue to upgrade their military to new levels. This is their new attack helicopter, the Z-19, a two-seater painted in badass black that looks a lot like the Eurocopter Dauphin. Read the whole article
The End Of Cheap China, Part V. Even More On How YOU Must Prepare For It.
2012-02-07 12:48:00
In part IV of our continuing series on the end of cheap China and the impacts arising from that, co-blogger Steve Dickinson wrote about the increased risks product buyers are facing from their China-based manufacturers. That post concluded with Steve talking about why paying your Chinese manufacturer in advance for product can be so risky. In this post, Steve addresses other, better, payment options.  To summarize my last post (The End Of Cheap China, Part IV. More On How YOU Must Prepare For It), the following are the basic rules you should employ to pay for product produced by Chinese manufacturers: Avoid paying an advance deposit. If you must pay an advance deposit, understand the risk. Do not throw good money after bad in sticking with a manufacturer that shows it cannot do the job. Inspect the product before you pay. Ideally, do the inspection after delivery. If you inspect the product in China, take into account the risk of deception. Take your inspection seriously. ...
Another China WTO Loss. Another Nail In The Coffin Of World Trade.
2012-02-06 12:48:00
By: Steve Dickinson Preserving its track record of major defeats before the WTO, China recently lost its appeal of the WTO panel decision in the minerals export case. The appeal decision was issued on January 30 and can be found here. Briefly stated, the original panel report held that Chinese export duties and export quotas for certain industrial minerals violate WTO requirements. China was ordered to reduce its duties and dismantle its export quota system. China appealed and lost on all important issues. This decision has important implications. As most observers have noted, the real issue is export quotas and the real target is China’s export quota system for rare earths. Under the terms of this decision, China’s rare earths quota system is in clear violation of the WTO. The U.S. and others expect China to now act on its own and terminate the rare earths quota system. If this is not done voluntarily, the U.S. and the European Union have threatened to bring a follow-up...
Dr. Clarisse von Wunschheim On Arbitrating Your China Disputes, Part III. I
2012-02-05 16:08:00
This is part III (the last) of Dr. Clarisse von Wunschheim's three part series of guest posts on China arbitration. I asked Dr. von Wunschheim to write this series because arbitration is so important to so many China transactions and she literally wrote the book on China arbitration: Enforcement of Commercial Arbitral Awards in China.  More from Dr. Von Wunschheim: PART 3:     -;    Relevant Criteria for Selection between Arbitration in or outside China – Are enforcement issues really so important?   In my previous posts, I set out the context of the battle between arbitration in or outside China and the arguments that the supporters of each option commonly rely upon. I further explained the reasons why I am not convinced by most these arguments, the main reason being that I believe the pros and cons invoked by the supporters of either option to be largely directed by their fear and ignorance of the other option, and are n...
Dr. Clarisse von Wunschheim On Arbitrating Your China Disputes, Part II. In
2012-02-04 17:08:00
This is part II of Dr. Clarisse von Wunschheim's series of guest posts on China arbitration. I asked to write this series because arbitration is of such crucial importance to so many China transactions and she literally wrote the book on China arbitration: Enforcement of Commercial Arbitral Awards in China. More from Dr. Von Wunschheim: PART 2:     -;    Pros & Cons of Arbitration Inside and Outside China In my previous post, I tried to establish that though the question of whether to arbitrate in or outside China may seem to be primarily relevant for so-called ‘foreign-related’ contracts, it actually concerns all kinds of China-related contracts.  Today’s post aims to determine the main pros and cons of each option, as well as the current trends which they give rise to. Referring to the arguments most often invoked by the supporters of each option, the main pros and cons can be summarized as follows: ARBITRATI...
Dr. Clarisse von Wunschheim On Arbitrating Your China Disputes, Part I. The
2012-02-03 05:08:00
We are always writing on the importance of China contracts having a well-crafted dispute resolution provision. My favorite line about this is the following, from the post, "Arbitration In Your China Contract. Adult Supervision Required": With sushi restaurants, it's the yellow-fin. With new houses, it's the windows. With international contracts, it's the dispute resolution provision. The "it" I am talking about is the one easiest, fastest, most accurate, way to judge whether something is good or not. And the way I judge international contracts is by heading straight to the dispute resolution provision. The well crafted provision is, above all else, unambiguous. If it calls for litigation, it says where it will be and what law will apply. And it says who will pay for it and under what circumstances. If it calls for arbitration, it says where it will be, how many arbitrators will be required, how the arbitrators will be chosen, the language of the proce...
The End Of Cheap China, Part IV. More On How YOU Must Prepare For It.
2012-02-01 16:38:00
By: Steve Dickinson In my previous post in this series on the end of cheap China, I noted that the risks relating to purchases from Chinese manufacturers are rising in the export sector in China's Eastern provinces. Given the risks, it surprises me that I still see many buyers who continue to use the worst payment system possible in their dealings with Chinese manufacturers. The standard (terrible) system for payment in most of the export sector is: 30% down payment on signing of contract with the remaining 70% payable prior to shipment.Why is this a terrible system for the Buyer? Let's consider the deposit system first. It is common for a Buyer to learn that the manufacturer is not able to make the product, makes the product with excessive defects or substantially delays in delivering the product. If the Buyer has paid a 30% deposit, the Buyer is basically "stuck" with the manufacturer and is not able to go elsewhere even after these problems are discovered. I have seen many Buye...
The End Of Cheap China, Part III. How YOU Must Prepare For It.
2012-01-30 18:58:00
We have been writing frequently regarding the end of cheap China because we are just about every day seeing how this impacts our (mostly American) clients. This post by Steve Dickinson is on how buyers of manufactured product from China's Pearl River Delta are going to be impacted by the end of cheap China. Here is Steve's post: The excellent Chinese financial journal Cai Jing recently published an article, entitled, Dire Straits in the Pearl River Delta, detailing the financial problems facing export-oriented manufacturers in the Pearl River Delta region of Guangzhou Province. The article includes the standard lament that these businesses are not being adequately supported by the central government. However, the truth is that these manufacturing businesses are under financial pressure simply because they are no longer competitive. These manufacturers of toys, clothing, shoes, furniture and housewares are standard high volume, high employment, low technology and low margin operato...
China Rep Offices, Bankruptcies And The Perils Of Being Chief Representativ
2012-01-26 14:55:00
I know I keep reading how China's economy is just fine, but my firm just keeps getting more inquiries and more work relating to shutting down offices and companies in China.  Of those, the most heartbreaking are coming from Chief Representatives of China Representative Offices who are concerned about their own liabilities when their China Rep Office closes. Typically, the Chief Representative tells the Rep Office employees that the Rep Office is going to be shutting down. Naturally enough, the employees ask about their getting paid. The Chief Representative usually tells them not to worry, which causes them to worry more and go to their local government. A local government official then comes by and informs the Chief Representative that he or she is PERSONALLY responsible for paying the Rep Office's employee salaries AND all outstanding taxes.  The Chief Representative then contacts my firm and we tell him or her that he or she does indeed run a very real risk of being o...
China Product Quality Problem? Here's My Template Answer.
2012-01-24 18:18:00
Because I receive countless emails every day and because so many of them involve the same questions, I have developed various templates to respond.  Here's the template I use when a US company writes me with a China product quality problem and the contract they have provided me is not good at all. Much of the time the US has no contract at all, but usually when they do have one, it is usualy so bad as to work against them. Here's my "stock" answer in that situation. This is our template response when the contract calls for arbitration in a US city but is pretty much silent on everything else (a far too common scenario when non-lawyers draft a contract). It's a tough case and your contract does not help matters at all. What you probably will need to do is begin arbitration in [US City] and serve [the Chinese company] via the Hague Convention. This will require translating the complaint into Chinese and serving it through the Chinese court system, which takes months. We write...
China Grammar Wiki. What A Great Idea!
2012-01-22 23:08:00
I think (and hope) this is the first time we have used an exclamation point in a blog post title and I assure you that this will not become common. I just am so impressed by the idea and the ingenuity and the hard work and the sheer helpfullness of the AllSet Chinese Grammar Wiki. I first learned of the Wiki from Ryan over at Lost Laowai, who in his post, "Chinese Grammar Wiki: Learning Chinese grammar just got easier," had this to say about it: AllSet Learning, the Shanghai-based language learning consultancy founded by long-time China blogger John Pasden, has just released what is surely a boon for mandarin learners who aspire to achieve better Chinese grammar — the Chinese Grammar Wiki....   As an on-again, off-again Chinese learner, I’m pretty excited for the resource. Few people I’ve met have spent as much time as John thinking about language learning, particularly as to how it relates to Chinese. His blog and various resources at Sinosplice have been...
China. The Full On Harvard Course.
2012-01-22 15:48:00
Malcolm Riddell at China Debate just did a post noting how Harvard University has posted online (for free!) a 37 class course on China. The 37 lectures were filmed as they were given as part of a course entitled, China: Traditions and Transformations. The course was/is taught by William C. Kirby and Peter K. Bol.   Here is the course description: Modern China presents a dual image: a society transforming itself through economic development and social revolution; and the world’s largest and oldest bureaucratic state, coping with longstanding problems of economic and political management. Both images bear the indelible imprint of China’s historical experience, of its patterns of philosophy and religion, and of its social and political thought. These themes are discussed in order to understand China in the modern world and as a great world civilization that developed along lines different from those of the Mediterranean. This course is part of Harvard's o...
KBRI Beijing Evakuasi & Pulangkan 10 ABK WNI dari Dalian China
2012-01-22 14:22:00
10 Anak Buah Kapal (ABK) warga negara Indonesia berhasil dievakuasi dari kapal ikan 'Dayang 16' yang berbendera China. 10 ABK, yang selama bekerja di atas kapal itu ditekan secara psikologis dan fisik, akhirnya bisa dipulangkan ke Indonesia hari ini.
The End of Cheap China. Part II.
2012-01-21 22:28:00
Last week, we did a post enttitled, "The End of Cheap China, With A Giant Caveat." The point of that post was to pick up on the widespread discussion regarding the end of cheap China, but to highlight how this "end" has, and will continue to, impact foreign companies very differently. Our initial "end of cheap China" post was based mostly on a "Made in America, Again: Why Manufacturing Will Return to the United States, a Boston Consulting Group study that jump-started the end of cheap China discussion. Yesterday, i was alerted to two very recent and very good articles addressing the end of cheap China issue. The first is a post by Michael Zakkour over at the China Business Blog and Podcast, entitled, "The End of Cheap China. But Not China Manufacturing." Michael starts by positing that "the cheap China era is over, but China manufacturing isn't." He goes on to note the following, all of which he contends portend just fine for Chinese manufacturing: China is not going to be able t...
China Joint Ventures Tips. You Have Been Warned.
2012-01-19 20:28:00
The Foreign Entrepreneurs in China blog is in the midst of a very worthwhile three part series, entitled, "A China Joint Venture Survival Guide. 22 Facts and 22 Practical Tips." The series is now at tips 9 through 15 and I like all of them. Not only are they good tips for those contemplating doing a China Joint Venture, most are are good tips for those contemplating or doing business in or with China as well. Here is a summary of each tip, followed by my own analysis of it in italic font. 9. Your Potential Partner is Well Connected … Maybe Good, Maybe Bad. "Do not be dazzled by your partner’s connections …They will not necessarily be used for your benefit. The fact that your partner is well connected is good (you obviously don’t want to end up with a nobody), but it is also a fact that at times those connections are only used for their own benefit."  Absolutely true. Whatever "power" your China joint venture partner has to help the joint venture, it...
China to Aid Saudi Arabia in Nuclear Power Development
2012-01-19 17:18:00
Ever since the end of World War Two, the U.S. has come to regard Saudi Arabia as almost its exclusive oil producing enclave. In February 1945, after the Yalta Conference with Soviet General Secretary Iosif Stalin and British Prime Minister Winston Churchill, on his way home U.S. President Franklin Delano Roosevelt and King Ibn Saud met aboard the New Orleans-class heavy cruiser U.S.S. Quincy in the Suez Canal’s Great Bitter Lake. During the meeting, instigated by Roosevelt, he and Ibn Saud concluded a secret agreement in which the U.S. would provide Saudi Arabia military security, including military assistance, training and a military base at Dhahran in Saudi Arabia, in exchange for secure access to supplies of oil. . . . → Read More: China to Aid Saudi Arabia in Nuclear Power Development
The End Of Cheap China, With A Giant Caveat.
2012-01-18 18:48:00
The Boston Consulting Group came out with an excellent piece last year, entitled, "Made in America, Again: Why Manufacturing Will Return to the United States." An excellent summary of that article can be found here, from which I pull the following: Within the next five years, the United States is expected to experience a manufacturing renaissance as the wage gap with China shrinks and certain U.S. states become some of the cheapest locations for manufacturing in the developed world, according to a new analysis by The Boston Consulting Group (BCG). With Chinese wages rising at about 17 percent per year and the value of the yuan continuing to increase, the gap between U.S. and Chinese wages is narrowing rapidly. Meanwhile, flexible work rules and a host of government incentives are making many states—including Mississippi, South Carolina, and Alabama—increasingly competitive as low-cost bases for supplying the U.S. market. “All over China, wages are climb...
Why Hiring China-Based "Employees" Without A Company Is Bad Busin
2012-01-18 07:28:00
Today I had a long conversation with a couple of out of town lawyers who had called me regarding whether their client should shut down its China Representative Office and form a WFOE. My advise was that there was no need to do so from a legal perspective (because the company was that rare and dying beast: a truly legal China Rep Office), but it should ask itself whether it still made sense from a strictly business perspective. I then talked of how WFOEs are able to do so much more in China than Rep Offices, not least of which is get paid in RMB. I concluded by saying that the decision would be strictly business. After I got off the phone, I though of how one of the things I love about what I do is the mix of law and business. My firm supplies the legal acumen and we mostly rely on our clients to supply the business acumen. I am always stressing to my clients that though I will do my utmost to understand their business, I will never know it as well as they do. I help with their busin...
Strong China GDP Lifts Mood Despite EFSF Downgrade
2012-01-17 10:00:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.61 GBP 0.36 JPY -0.23 CHF -0.53 Risk appetite has been boosted during the Asian session, sending equity indices higher and providing EURUSD with a temporary respite from the chronic gloom which has dogged the pair for some time. The trigger for this turnaround in sentiment was the overnight release of China?s Q4 real GDP which beat expectations at 8.9% YoY (8.7% expected, 9.1% prior). One of the biggest beneficiaries of this… Read More …
China Due Diligence. Cause It Really Really Really Matters.
2012-01-14 20:18:00
As you can tell, I am a big fan of The Rule of Threes. Back in September, 2011, I wrote a post regarding a China deal that appeared to have badly soured. The post was entitled, China FDI, Whatever Happened To Show Me? and it was on a China deal that went bad for the small Missouri town of Moberly. The point of my article was to emphasize the importance of conducting due diligence before entering a China (or any) deal: So why am I writing about this and how is this relevant to you?  I am writing about it because it appears (having only "seen" this from afar I do not know) that the government fell into three classic traps. First, it appears that various governments got overly excited about the possibility of getting Chinese money. It appears it fell prey to the classic "China is rich. We want money. Therefore this is a good deal" syndrome. Second, it appears nobody conducted adequate due diligence. Were the very valid suspicions of my e-mailer ever checked out? I doubt it...
I _3 NY (made in china)
2012-01-14 08:35:00
I <3 NY (mad-e in china) par&-nbsp;yobann Fin des votes 11/02/12 08:35commentaire : 0-
China ya tiene más de 500 millones de internautas
2012-01-12 08:44:00
El China Internet Network Information Center, un organismo público dependiente del Ministerio de Industria chino, ha dado a conocer que a finales del año pasado se sobrepasó la barrera de los 500 millones de internautas en el gigante asiático. Para que nos hagamos una idea de la enormidad de esta cifra, baste con indicar que es superior al número de habitantes combinados de 2 colosos como Estados...
China lanceert eigen systeem voor GPS zenders
2012-01-12 07:21:00
Op 27 december lanceerde China zijn nieuwe nationale GPS zender dienst. Het systeem met de naam “Beidou†zou nog accurater gaan presteren dan andere bestaande GPS diensten.
By: SpyBlog
China December Trade Surplus Boosts Risk Assets
2012-01-10 09:58:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.38 GBP 0.32 JPY -0.05 CHF -0.47 Asian equity indices have started the day strongly after Chinese trade data revealed a much higher than expected surplus for the month of December. Despite exports coming in precisely in line with expectations, imports came in significantly lower. We will have to wait until later in the month to see the breakdown of this figure, but if the drop turns out to be the result of lower demand for… Read More . . . → Read More: China December Trade Surplus Boosts Risk Assets
China's New Foreign Investment Catalog. The Scope Of FDI.
2012-01-09 19:48:00
By:  Steve DickinsonAt the end of December, the NDRC issued its long awaited 2011 revision to the Catalog for Guidance for Foreign Investment 外商投资产业指导目录ï-¼ˆ2011年修订). It is a central policy of the Chinese government that foreign investment must be made in a manner that is consistent with Chinese policy and in a way that will promote China's development. China therefore follows a policy of guided investment, and the Catalog is the guide. The first Catalog was issued in 1995. This is the fifth revision, replacing the 2007 Catalog. This 2011 version of the Catalog will take effect on January 30, 2012. Foreign invested enterprises approved prior to the effective date will not be effected. However, any changes to existing foreign invested projects that take effect after the effective date must comply with the terms of the new Catalog.The encouraged category shows where the Chinese government wants foreign investment to go. The restricted and prohibited categ...
Getting Your Share From China's Movie Box Office. Good Luck With That.
2012-01-08 16:18:00
As regular readers know, there is nothing I like more than being able to create a post straight from what goes into my email box. I am able to do that today by way of having been cc'ed on a long email discussion between our Beijing-based attorney, Mathew Alderson (who does quite a bit of China film law) and Rob Buckham, of Oceana Films China. The discussion started when Mr. Buckham wrote Mathew regarding foreign companies sharing in China movie box office receipts. Buckham:  Quick question.  In one of your blog posts, you say that "Insufficient attention is given to the issue of garnering a share of the box office." We naturally assume we will be "ripped off" for any box office receipts in China . . . . Alderson:  That is a sound assumption. Buckham:  … and therefore would normally structure the deals so that we would get any dollars we actually expect from China (ever) to be cash up front from the Chinese participants. Alderson:   That is the b...
32GB iPhone 4S Free on China Unicom for $45 Monthly [China Unicom Offers Fr
2012-01-07 03:12:00
The biggest mobile market today is likely to be where the iPhone 4S sells the cheapest. China Unicom, China’s second-largest mobile carrier, is offering the 16 and 32GB iPhone 4S smartphones for free with contract. But with contracts this long, will subscribers bite? China United Network Communications, or China Unicom, ...
Buying A Chinese Company? Why China Deals DON'T Get Done.
2012-01-06 16:38:00
We lawyers are known as deal-killers. Most lawyers get offended by that moniker and vehemently deny it. Me, I am more than willing to own up to it. Clients go to lawyers all excited about a deal and it is the lawyer's job to point out the risks and to explain which of those risks can be mitigated and which cannot. I am proud of the deals I killed because my killing the deal meant I was doing right by my client. In other words, I was just doing my job.  I have put the kibosh on many a China acquisition and that is what this post is about. The following is actually an amalgamation of many such potential acquisitions, but for ease of explanation and to camouflage the identities of those involved, I have amalgamated a bunch of them into one. Trust me when I say that the following is incredibly typical, including the retirement of the owner precipitating the need for the deal. The potential deal was for a US manufacturer that had been receiving its product from the same China manuf...
US Spaceplane 'Spying on China'
2012-01-06 15:22:00
From BBC News - Science & Environment: America's classified X-37B spaceplane is probably spying on China, according to a report in Spaceflight magazine. Read the whole article
10 Delicious Food Photos from a Tasty Year of Travel
2012-01-06 14:00:00
pending about three-quarters of 2011 in Thailand, I was able to explore further the glorious realm of delicious Thai food. #1. Pictured above is a dish known as khao kluk kaphi that is made of shrimp flavored fried rice covered in a rainbow of tasty ingredients! #2. Khao moo daeng, or red barbecued pork and rice, ...--------- Join Travel Blog Success today and learn to build a better travel blog. Membership includes 27 tutorials, 12 expert audio interviews, private support forum, and much more.
The U.S. Military?s New Plan to Deter China ? The Atlantic Wire
2012-01-06 05:10:00
So what does that mean? According to Roxana Tiron at Bloomberg, it means preparing the military for a different type of threat. “The U.S. should be able to deter any emerging anti-access capabilities such as the diesel attack submarines being developed by China and the anti-ship ballistic missiles deployed by China and Iran, and if necessary, defeat ...
How China Stays Stable Despite 500 Protests Every Day ? The Atlantic
2012-01-06 05:06:00
Philip Pan, a former Washington Post Beijing bureau chief, reported in his 2008 book Out of Mao’s Shadow that the protest leaders privately agreed that single-party rule was the underlying cause of Liaoyang’s problems, but were afraid to publicly criticize it or call for democracy and ultimately decided to appeal to senior Party leaders rather ...
Obama to share US missile defense secrets with Russia
2012-01-05 22:07:00
At Big Peace, former Republican Congressional candidate Joel Pollak reports that the Obama administration has decided to share the United States’ missile defense secrets with the Russians. Do you all want me to repeat that so that you will know that you are not hallucinating? At Big Peace, former Republican Congressional candidate Joel Pollak reports ...
China extends Iran oil import cut as sanctions mount | Reuters
2012-01-05 12:55:00
China will reduce crude imports from Iran for a second month, sources said on Thursday, as the two remain divided over payment terms for Iranian crude targeted by ever tougher international sanctions. The dispute underlines the difficulty Iran will have selling its oil after European Union governments on Wednesday agreed in principle on banning its ...
They Like China Law Blog. They Really Like Us.
2012-01-05 07:08:00
Back when China Law Blog was a young pup, the Wall Street Journal Blog referenced one of our posts and we went all Sally Fields about that. We ran a post, entitled, "The Wall Street Journal -- They Like Us. They Really Like Us," the sole purpose of which (near as I can tell nearly six years later) was to let everyone know that the Wall Street Journal had noticed us. We are, of course, far too cool/wise/jaded/experienced/old- to act that way now. Or so I thought until I read a post on theContractsGuy Blog, entitled, "The Reading List: China Law Blog." The author of that post, St. Louis business lawyer, Brian Rogers, so totally understands this blog that his post felt like confirmation of what we are seeking to achieve here. In addition to that (or better yet, because of that), Rogers' post does a phenomenal job listing out what are probably our best (or at least most practical/helpful) posts for 2011. I am not going to list all the posts Rogers lists because i want to make sure you ...
Nokia's 801T Smartphone for China Touts Telescoping TV Antenna
2012-01-05 06:01:00
Nokia's new 801T smartphone may be Finnish by nature but it's been nurtured to succeed in China's unique telecom environment. Take the retro-looking, telescoping TV antenna, for instance: it'll bring in television signals without putting owners in debt to their service providers.
China plans military base in Northern Pakistan, says report : North News ?
2012-01-04 17:07:00
A secret report prepared by the government’s joint intelligence committee has confirmed India‘s worst fears – China is planning a military base in Pakistan. The report, based on inputs from the Research and Analysis Wing, is meant for the PM, members of the cabinet committee on security and the national security adviser. The report says ...
2012 Economic Scorecard: The Case for Hope, Despair, and Utter Confusion ?
2012-01-04 14:56:00
Abroad: There is a sense among some economists that 2012 is going to live up to its Mayan reputation. Europe is set to collapse. China’s deterioration will turn critical. Indian inflation will rise, and its exports will slow, since so many of them go to China and Europe, in the first place. But what if ...
China Takes Aim at U.S. Naval Might ? WSJ.com
2012-01-04 11:07:00
Pentagon officials are reluctant to talk publicly about potential conflict with China. Unlike the Soviet Union during the Cold War, Beijing isn’t an explicit enemy. During a visit to China last month, Michele Flournoy, the U.S. undersecretary of defense for policy, told a top general in the People’s Liberation Army that “the U.S. does not ...
China market
2012-01-04 08:35:00
China market par -;Andy Fin des votes 01/02/12 08:35commentaire : 34-
China?s President Pushes Back Against Western Culture ? NYTimes.com
2012-01-03 23:41:00
President of Hu Jintao of China has said that China must strengthen its cultural production to defend against the West’s assault on the country’s culture and ideology, according to an essay in a Communist Party policy magazine published this week. The publication of Mr. Hu’s words signaled that a new major policy initiative announced last ...
Chinese military bases are about more than just naval supplies and protecti
2012-01-03 11:20:00
China’s new naval strategy of “far sea defense” is aimed at giving Beijing the ability to project its power in key oceanic areas, including — and most significantly -the Indian Ocean. China’s expansionist behavior has, in fact, long been evident. China has been acquiring naval facilities along crucial chokepoints in the Indian Ocean not only ...
China PMI Survey Buoys Risk Sentiment, Boosts Australian Dollar Higher
2012-01-03 10:05:00
Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD EUR 0.52 GBP 0.50 JPY -0.20 CHF -0.28 With Asian markets returning to normality after the holidays (albeit with Japan still out), risk appetite has started strongly. Most risk currencies and Asian equity indices are trading higher this morning, buoyed in part by the strong Chinese non-manufacturing PMI released this morning. The survey increased to 56.0 in December, up from 49.7 in November ? and follows an unexpectedly strong… Read More …
Will India Challenge China?
2012-01-03 06:18:00
Just read a very interesting post, entitled, "Will India Challenge China? Not yet." The post is by GE Anderson over at the ChinaBizGov blog. I know GE Anderson to be one very smart guy (with a Ph.d and an upcoming book to prove it) and one damn fine analyst of things China, particularly those things relating to China's auto industry. He wrote his post on India after having spent a couple of weeks there.  Now before anyone points out the shortcomings of views based on a two week visit, let me stop you by saying I both agree and disagree with you (only we lawyers can say things like that). I disagree because one can get a "sense" of a country in two weeks and then use that sense, coupled with previous readings, to glean and then convey one's impressions. I buy into the idea that first impressions are far more accurate than often credited and I am a huge fan of the book, Blink. Before I agree with you, I would like to note that I have never been to India and I do not purport to ...
DERRICK ROSE GOES LIFETIME ADIDAS
2012-01-03 00:49:00
Chicago Bulls All-Star point guard, Derrick Rose, is rumored to be preparing to sign a $250K USD contract with Adidas. The deal, being dubbed a "lifetime" one, will span 10 years. Sources say the plan is to give the Nike/Kobe deal some competition, especially in China and the rest of the Far East. If true, Rose will make it into the books as the current highest paid shoe endorser in all of the NBA!
Analysts are Concerned That China May Attack India in 2012 | WND.Com
2012-01-02 20:19:00
Analysts are becoming increasingly concerned that China may launch a surprise military attack on India in 2012, based on conditions today that are similar to those present the last time China attacked India – in 1962, says a report from Joseph Farah’s G2 Bulletin. The concerns center on an ongoing border dispute between the two ...
China?s quest for energy from Russia exposes history of distrust | Seattle
2012-01-01 22:15:00
“They look like the perfect partners, but this is a marriage made in hell,” said a Western energy executive who has worked with both. Russia and China, he added, are “so afraid of being outdone” by each other that negotiations tend toward all-or-nothing combat. The economic imperatives for greater cooperation remain powerful and, predicted a ...
China: Overdue for a people?s revolt? | GlobalPost
2012-01-01 09:53:00
A history-making drive for freedom and for representative government swept much of the globe in 2011 but arguably the world’s most important country, China, remained on the sidelines, still firmly locked in the grip of one-party Communist rule more than half a century after the birth of the People’s Republic of China. The world’s second ...
China?s Shaky Economic Foundation ? NYTimes.com
2011-12-31 22:28:00
As the Wukan protests evolved into an international media event, a provincial party official, under pressure from Beijing, stepped in and swiftly negotiated a truce acceptable to the villagers. This week Prime Minister Wen Jiabao asserted that “China can no longer sacrifice farmers’ land rights for the sake of reducing the cost of urbanization and ...
As China Surges In Space, Russia Stumbles
2011-12-31 19:20:00
The two largest space powers outside the U.S. had wildly divergent records in 2011, with Beijing boasting 19 launches and demonstrating in-orbit docking for a future space station while the Kremlin ordered an investigation into a string of high-profile engineering failures plaguing Russia’s space program. The implications for Russia of a nosedive in the quality ...
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