Cloud Computing Zone Tests "Chongqing Model"
China's Wukan village stands up for land rights 15 December 2011Last updated at 10:56 ET By Martin Patience BBC News, Wukan, Guangdong province Many protesters say they will continue to make a stand, despite government concessions At first light, the sound of mourning music could be heard across the rooftops. Wukan - home to more than 10,000 people - is a village in revolt. Local officials have fled and the villagers have set up makeshift roadblocks - branches covering the street - at the village's entrances.
Banned in China by Jonathan Mirsky In late December, a foreign correspondent in Beijing emailed me to say that a four-page article on China I’d written for a special New Year’s edition of Newsweek had been carefully torn from each of the 731 copies of the magazine on sale in China. Now, friends and colleagues are telling me what an honor it is to have one’s writing banned in the People’s Republic. In over forty years of writing about China, I have been subjected to many forms of pressure.
Countering the Contagious West - Mohamed A. El-Erian - Project Syndicate Exit from comment view mode. Click to hide this space NEWPORT BEACH – Imagine for a moment that you are the chief policymaker in a successful emerging-market country. You are watching with legitimate concern (and a mixture of astonishment and anger) as Europe’s crippling debt crisis spreads and America’s dysfunctional politics leave it unable to revive its moribund economy. Would you draw comfort from your country’s impressive internal resilience and offset the deflationary winds blowing from the West; or would you play it safe and increase your country’s precautionary reserves? That is the question facing several emerging-market economies, and its impact extends well beyond their borders.
Is Meritocracy Good?
For all China's potential, it faces very real obstacles that it might not be ready to acknowledge Students attend their college graduation ceremony in Shanghai's Fudan University / Reuters I spent two days recently at the second annual FutureChina Global Forum in Singapore, a conference on major trends in China sponsored by BusinessChina, itself an organization created by former Singaporean Prime Minister Lee Kwan Yew to help his country become "the leading bilingual and bi-cultural channel for closer collaboration with China" as well as to strengthen knowledge of Chinese language and culture in Singapore itself. Notes on the Rise of China - Anne-Marie Slaughter - International
Three Videos About China - James Fallows - International Or, two videos and an interesting photo. 1) This is why I love China: a video of a young woman who finds an innovative answer to the parking problems engendered by the nonstop increase in the number of cars. She just creates, out of nothing, a "legal" parking space for herself on a main road, complete with instant striping for the pavement and a fake big 'P' sign by the space she wants to use. The video is not embeddable, but if you start maybe 40 seconds in you'll get the idea, and probably want to watch for another minute or two. This is so much the spirit of China as I've experienced it -- for better and worse, a billion people figuring out their own little angles to get by. Yes, I do realize the drawbacks for rule-of-law, climate-of-trust, etc when people feel they have to make their own rules to survive.
Since the inception of this blog, one of our recurring themes has been the need for foreign companies to follow China’s laws. We are always writing of how China does have laws, those laws apply more strictly to foreign companies than to domestic companies, and those laws apply whether or not some local governmental official assures you that they will not be enforced. We have also consistently extolled the virtues of setting up your business in a second tier city. It then zeroes in on the legal risks in these cities and how even though these cities are often less stringent on law enforcement, foreign companies should still comply with the law. Or as Ronan Diot, chair of the legal working group of the European Union Chamber of Commerce in China, so nicely puts it: Too many foreign companies have run afoul of the local rules and it is a really bad idea to think that it’s OK because “most companies are doing it” or “there is no other way”. China's Second And Third Tier Cities Have Laws Too. : China Law Blog : China Law for Business
What's So Great About China?
Observations based on my Trip to China Sorry I was away so long. I was in Spain, and then China. Let me tell you about the China trip. One of the first things I discovered on the China trip was that I couldn’t write posts on Our Finite World from China, thanks to China’s censorship. I could, however, read posts that I had previously written on Our Finite World.
China's Legal Exceptionalism Threatens International Integration
China’s housing bubble: New evidence For a while now, analysts have been arguing there is a bubble in China’s property market. Using records from 35 major cities this column finds evidence of a housing bubble. It compares house prices to cointegrated fundamentals and finds that property in China is in general overvalued by around 20% – and even more so in the boom towns. For many observers, the Chinese economy has been spurred by a bubble in the real-estate market, probably driven by the fiscal stimulus package and massive credit expansion (Nicolas 2009). For example, the stock of loans increased by more than 50% since the end of 2008.
World energy policy is gripped by a fallacy — the idea that coal is destined to stay cheap for decades to come. This assumption supports investment in ‘clean-coal’ technology and trumps serious efforts to increase energy conservation and develop alternative energy sources. It is an important enough assumption about our energy future that it demands closer examination. There are two reasons to believe that coal prices are likely to soar in the years ahead. The end of cheap coal
China's Bumpy Road Ahead
Cross posted from MacroBusiness Guest Post: China is Different
Latest Census in China Triggers Fears of Demographic Decline Census details rapid aging of population and dramatic reduction of labor pipeline. Female fertility sits well below 2.0, triggering fears of Japan-like decline. One-child policy under attack, but government holds firm out of fear of resource requirements and social burden. Latest Census in China Triggers Fears of Demographic Decline - Wikistrat
How China Could Yet Fail Like Japan Japan’s gross domestic product per head (at purchasing power parity) jumped from a fifth of U.S. levels in 1950 to 90 percent in 1990. But this spectacular convergence went into reverse: by 2010, Japan’s GDP per head had fallen to 76 per cent of U.S. levels. China’s GDP per head jumped from 3 percent of U.S. levels in 1978, when Deng Xiaoping’s “reform and opening up” began, to a fifth of U.S. levels today.
China's Economy Faces Three Contradictions
Modern members have come from far and wide on a pilgrimage to Xintiandi, which means "New heaven and earth". It's a decidedly non-proletarian environment – the Party people are sleek and confident; dressed in brand-name clothes and carrying the latest mobile phones; New China's elite. Xintiandi has a Covent Garden feel and most of the biggest Western brands are represented here. Can China's style of rule continue in an age of citizen uprisings and social networking? - Asia, World
Beware China’s Political Bubble: Business Class Although China has been churning out its share of unpleasant news, many onlookers don't consider its problems as serious as those of other big economies. They should think again. China’s biggest economic challenges are political in nature and daunting, and will almost certainly get worse. That is because its autocratic system, for all the stability it has provided, will struggle to handle the sustained economic slowdown the country is likely to confront during this decade. With crucial leadership changes due next year, the jostling has already begun over the people and political postures that the ruling Communist Party will select to steer the country. Reports of rioting by migrant workers in the southern manufacturing province of Guangdong this week are a reminder of how much is at stake in the years ahead.
Cisco Poised to Help China Build Surveillance Project