Understanding China, One Blog at a Time

An American in China

Archive for October 3rd, 2011

The Real China

Posted by w_thames_the_d on October 3, 2011


Here is a line from mylaowai.com that nails China on the head. He is describing a certain specie of Chinese who still inhabit the earth but who possess that Red Guard zeal responsible for the deaths of millions of their countrymen.
Read the article here, but he is describing the act of purchasing a ticket from a Chinese ticket agent
excerpt from here:
” All I am prepared to say, therefore, is that the flight originated in California, the person was female at some point before her fallopian tubes dried up like noodles that have been left in the sun, and the name was Ms T. She is employed full-time by Air China, and part-time by the folks who are in the spying game. Oh yes, and she has an expression that can curdle milk at fifty paces – you know the sort I’m talking about: some middle-aged former Red Guard bitch. They’re a dime a dozen in China. The heart is a small, black thing like a lump of coal and it pumps viscous vitriol around the body instead of blood. Too mean to die, they exist in a dark netherworld of hatred and bitterness. It is said that, as with Cliff Richard, they cannot be harmed by conventional weapons. Let the traveller beware when passing through lands inhabited by Ms T and her ilk.”
continue here http://mylaowai.com/2011/09/21/victory/

Posted in Working and Living in China | 1 Comment »

How China Viewed/Views US

Posted by w_thames_the_d on October 3, 2011


This is a depiction of how the Chinese saw us when Hu Jintao was a small link in a huge communist chain. Alternatively you can think of this as the kind of stuff that China’s future leader Xi Jinping grew up with and believed in- allegedly….

Posted in Big brother..., Working and Living in China | Leave a Comment »

Americans Dumping Chinese Stocks

Posted by w_thames_the_d on October 3, 2011


The piece below states that Americans are dumping all Chinese stocks and not only those mired in the controversies earlier this year. As we become increasingly aware of the poor nature of Chinese accounting and themoral vaccum covering this place, we are collectively cya’ing and getting rid of their stocks.
from here:
“BEIJING—Investors dumped the stocks of some of China’s biggest Internet companies, as scandals with some smaller Chinese firms has shaken Wall Street’s confidence in the country’s businesses.
Read more: http://online.wsj.com/article/SB10001424052970204138204576602330944302732.html#ixzz1ZkaLBD30

Posted in Let me educate you... | 2 Comments »

China’s Birthday and Struggle

Posted by w_thames_the_d on October 3, 2011


October 1st was the Chinese media is playing up the ‘good that Mao’ and the party did, but I am confused. I came across this site, which tells a different tale. According to them, a lot , I mean a lot of Chinese died during the cultural revolution alone.So if this is true, then why did we see all of the good things about the ……. today?
From here
“However, 40 years after it ended, the total number of victims of the Cultural Revolution and especially the death toll of mass killings still remain a mystery both in China and overseas…
On July 28, 1966, Jiang Qing, Mao’s wife and a key figure of the Central Cultural Revolution Group, conveyed Mao’s instruction regarding mass violence at a students’ rally: “If good people beat bad people, it serves them right; if bad people beat good people, the good people achieve glory; if good people beat good people, it is a misunderstanding; without beatings, you do not get acquainted and then no longer need to beat them.”. In other words, Mao thought the government “should turn a blind eye to violence as an inevitable by-product” of the Red Guard mobilization (Walder, 2009: 149). “

Read the report here

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China’s Loan Sharks and Poor Corporate Governance

Posted by w_thames_the_d on October 3, 2011


Here is a comment from Brewskie. He is reposting something from a guy named Obamao and the guy is describing loan sharks in China. They are offering loans for high interest rates and in true Chinese fashion are brutally mercenary upon collecting them.
from Brewskie:
Oh yeah. Most Americans forgot about the moon landing after 15 minutes – and that was before video games, talking heads, internet virals.

Flippin’ to a different subject… the wise, ass-crackin’ obamao rose his head to yak about ponzi shark loan finance schemes:

“China’s real estate market is a huge ponzi scheme supported by shark loans. They are located on street corners with touts to bring customers in. There are more loan shark shops than convenience stores in some blocks. Ordinary Chinese pledge their houses to get low interest loans from the banks like our cashout refis, then lend to local shark loan companies at high interest rates to speculate in the real estate market. Actually, at the later part of 2008, when real estate prices dipped for while in China, many ponzi shark loan schemes blew up in parts of China. A whole city was rioting since many households couldn’t get the principal back after the local loan shark companies couldn’t pay interest anymore due to the real estate price slump.

So many ordinary households pledge their inflated houses and get a loan from the bank, then lend the money to a shark loan operator with 20-150% annual interest rate, this shark loan operator then lends this aggregated loan to real estate developers, speculators, or some SME (small medium size enterprises or privately owned company) which has to pay back the bank. ( China’s banking system operates at a roll over loan base on a year on year base, so many Chinese SME’s will borrow at shark loan market rates to pay back the bank, then days later, use the approved new bank loan to pay back. This is a very common practice, given the dire situation of many SME exporters due to razor thin profit margins combined with rising labor costs. Furthermore, in recent years, many SME’s totally stopped their old business of exporting , since the high return of real estate drove more and more of them into this historical bubble.”

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Beijing Photo

Posted by w_thames_the_d on October 3, 2011


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Brutal Reality of China- Ai Wei Wei

Posted by w_thames_the_d on October 3, 2011


from here:
“”Beijing tells foreigners that they can understand the city, that we have the same sort of buildings: the Bird’s Nest, the CCTV tower. Officials who wear a suit and tie like you say we are the same and we can do business. But they deny us basic rights. You will see migrants’ schools closed. You will see hospitals where they give patients stitches—and when they find the patients don’t have any money, they pull the stitches out. It’s a city of violence.”

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Is This Fashion in China?

Posted by w_thames_the_d on October 3, 2011


wtf is this woman thinking? Did she choose this clothing herself?

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Photo of Water Pollution in China

Posted by w_thames_the_d on October 3, 2011


Here is a shot of a waterway that is pretty polluted. I have no idea what is in it and from whence it comes but the water is nasty. Funny thing is that you can catch people fishing here so they are either oblivious to the pollution or don;t care.
I guess the way they see it is that a bit of brackish water is nothing in comparison to all of the other stuff this country pours into their collective gullets.
read this excerpt from here:
“One morning last spring, millions of people in eastern China woke up to find stinking, green sludge oozing from their taps. It looked like blended seaweed and gave off a rotten odor that choked them if they got too close…
Lake Tai is China’s third-largest lake. It’s in the Jiangsu province, near the East Coast of China, 70 miles upstream from Shanghai. About 30 million Chinese rely on Lake Tai for drinking water. But in May 2007, pollution caused an algae bloom to cover the lake.
For 10 days, 2 million people who live on the shores of Lake Tai had no drinking water. It caused a panic. The price of a two-gallon jug of bottled water in the nearby city of Wuxi jumped from $1 to $6.50 overnight.
Lake Tai is not an exception in China. The Chinese grade water quality by five categories. Grade one is safe for drinking. Grade three is suitable for everyday human use. Grade five is polluted water and not even suitable for agriculture.
A recent survey of seven of China’s major river systems by the nation’s State Environmental Protection Administration showed 58% of China’s water is grade three or below. And 28% of the water fell into grade five… totally useless.
Of China’s 662 major cities, 278 have no sewage treatment plants. Only 23% of China’s sewage is treated… The rest is discharged into rivers and lakes.”
Although the excerpt describes Shanghai, Beijing is pretty much the same.

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