Understanding China, One Blog at a Time

An American in China

Archive for September 11th, 2011

Osama and Obama

Posted by w_thames_the_d on September 11, 2011


Photo from here

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9-11 Bless the Fallen

Posted by w_thames_the_d on September 11, 2011


9-11 was horrible and it was sad to be here with the knowledge that in a poll after the tragedy the Chinese were happy we’d been attacked. Worse yet, they were extremely saddened by the death of Osama Bin Laden. But the USA rocks and how many of them are dying to come there…
God Bless the Fallen

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Webcast on China’s Economic Woes

Posted by w_thames_the_d on September 11, 2011


Good webcast on China- from Brewskie. thanks Brew!

comment here from Brewskie
Back again… 😛 Dude, discovered that Victor Shih – a professor of political science at Northwestern University, who specializes in China – is giving a 2-hour speech tomorrow on Chinese government debt that’s being webcasted here:

http://webapp.mcis.utoronto.ca/EventDetails.aspx?eventId=10881

Of course I don’t have 2 hours to putz around with tomorrow; I doubt you do, but it appears promising, and it may be worth dropping in for time-allotted bits, during or after.

Here’s a description:

“In this paper, I estimate the size of the Chinese government’s contingent liabilities in the corporate and financial sectors and explore the monetary and welfare implications of these liabilities. Looking broadly at all the liabilities in the formal financial system, debt owed by state-owned entities total over 60 trillion RMB as of late 2010. Because the government turns out to be the greatest ultimate debtor for much of this enormous pool of debt, the government has incentive to structure monetary policy so as to minimize the impact of this large pool of liabilities on the government’s formal balance sheets. In the process, however, households in China end up paying a large tax associated with excess liquidity in the system and ultimately inflation. This effect goes against China’s long-term goal to have domestic consumption as the main engine of growth.”

It also says his “current research concerns Chinese banking policies, exchange rates, elite political dynamics and local government debt in China.”

(photo from chinadigitalnews.net)

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

Photo of Chinese Water Pollution

Posted by w_thames_the_d on September 11, 2011


This is the demise of China…

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GM’s Record Car Sales in China

Posted by w_thames_the_d on September 11, 2011


GM is typical of big business, they really do not care much about the sufering of the commoner. For instance, when they were in Brazil, it was not uncommon for the cops to rid the land upon which GM wished to build a plant to get rid of the squaters by any means necessary- allegedly. So GM obtaining record sales in China is fate. Neither gives much of a shit about mankind….ps yeah I know a bit of GM, had some experience there…..
GM sales in China for August where 205,885 units.

Posted in China Fact | Leave a Comment »

Chinese Privileged Communists and Their Children

Posted by w_thames_the_d on September 11, 2011


The communist party has done an excellent job of ‘getting theirs’. It does not matter who has suffered, but they have managed to pad their pockets, but interestingly enough their salaries are quite low….
Here is an example of how the communists roll in China.
from here:
“Following initial reports on social media, Chinese media reported widely yesterday that a couple in Beijing were attacked on September 6 by the 15-year-old son of famous Chinese singer Li Shuangjiang (李双江) after a simple traffic accident. According to eyewitnesses, Li’s son, who was driving a BMW without a driver’s license, attacked the couple with another man within minutes allegedly rear-ending their car, beating them and shouting, “Who dares dial 110!”
For many Chinese, this incident bore eerie echoes of the “Li Gang case” of October 2010, in which the son of an influential police official in Hebei Province struck two university students with his car, killing one, while driving on campus. When finally stopped, the young man threatened others saying, “My father is Li Gang!” These words became a slogan in China summing up the problem of corruption, abuse of power and disproportionate privilege among government leaders and other elites and their family members.
continue http://cmp.hku.hk/2011/09/09/15376/

Posted in Big brother... | 1 Comment »

China’s Looming Financial Crisis

Posted by w_thames_the_d on September 11, 2011


wantchinatimes says
“A financial crisis due to an increase in private lending and loan sharks is
set to erupt in China and could trigger the country’s own version of the US subprime mortgage crisis, Beijing News reports, citing an industry expert”

Posted in Uncategorized | 8 Comments »

Daughter of Blind Chinese Activist Not Allowed to Attend School

Posted by w_thames_the_d on September 11, 2011


Uncle chicom- the chinese communist party does not like to be questioned. Absolute power corrupts absolutely and so it is here. So when one does not agree or questions what the party does or their actions they frequently have problems. One person who has a soul and has gone up against them is a blind activist who against all odds became a lawyer. He ran afoul of the soul of the chicoms and has had problems ever since. Now it is reported that his daughter is being banned from attending school in China.
from here
The six-year-old daughter of a blind Chinese activist under unofficial house arrest has been barred from leaving her home and is unable to attend school, another activist has said.

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Another Building Collapses in Wuxi China

Posted by w_thames_the_d on September 11, 2011


In Wuxi a building for seniors was being renovated and collapsed. The fourth floor fell upon the third and pancaked the second. China’s buildings are scary…. seven workers were rescued and 9 still missing….
photo from here

Posted in Uncategorized | 2 Comments »

Chinese Drought Leaves 14 Million Without Water

Posted by w_thames_the_d on September 11, 2011


Southwestern China used to have a ton of water and happy farmers. Now its as dry as a communist party speech but without the party afterwards. The area is so dry that now 14 000 000 are without. One has to wonder how long the people will accept such things…..

Posted in Uncategorized | 4 Comments »