Wukan China- The Problems Mount

In southern China a village called Wukan is filled with protestors. The villagers were initially upset about some shameful communist antics vz land grabs and such, and so started to protest. Since then, however, the problem has escalated. Just the other day a villager was killed, further outraging the village people. At present the place is in lockdown and the protestors are surrounded.

The real issue here is that Wukan, although but a village, represents much more to China. It lies in Guangdong province, a place that has historically been more open than the rest of China. As such, the people of Guangdong do not readily accept the reams of bs the communist party dishes out. The people of guangdong are much more likely to revolt, as it were than to gloss over communist improprieties.

Thus, the villagers of Wukan represent the feelings of mass discontent with China, but with a twist. While many people in the country do not support communism and believe it will one day meet its demise, they do not wish to rock the boat. Those 40 and above remember the lockdowns and subsequent deaths from the 19 89 incident and do not wish to revisit it. They do however, wish to see the communist party take their licks, as it were.

Thus Wukan is to China what David was to Goliath. It represents the little engine that could, the guy from Avatar who took on the big enterprise in the hopes that good would prevail. The cowardly spirit of the rest of the country, however, will probably never mount anything close to the mass protests of the year after ’88, after all, Deng Xiao Ping taught them a lesson back then.

Perhaps I am overanalyzing. Many of my friends, for instance, say that China cannot handle democracy and for all the bad that the communist party represents, it is what China really needs. They point out all of the horror they live with, vz Chinese abuse of Chinese, and proclaim that such a people, if and when left to their own devices, would reign terror and anarchy., Thus, to them the communist party is a necessary evil.

I guess being a citizen of China is like being a prisoner in the TV show OZ. Although you might not like the cage in which you live, you at least are happy to have it, for who wants to imagine a night spent in the passionate throes of some Adabisi ‘man on man’ love……

hero

man love

Analysis on China’s Bubble

Here is an excellent post by Dabrewskie!!!

Thanks Brew…ps I still have some great stories about chcoms in the US, everything from crappy diapers to psycho employees…

from Da Brew
“Take a vacay and enjoy it. Blogging daily can turn into a workfest; taking occasional breaks is good.

But I’ll keep posting juicy dog bones for everyone to satiate avarice teeth into. Oh say… Ding-dong! For whom does the bell toll for? Why China, of course(!): uber China bull, Jim Rogers, has come around and admitted malaise within the economy (he’s still a long-term bull).

http://www.prweb.com/releases/prwebjim-rogers-china-currency/china-money-investment/prweb8991981.htm

Jimmy’s come a long way; he initially was in complete denial of China’s property bubble. Still, reading the article, it looks like Rogers’s ego is due for some hefty deterioration – like those new dams along the Yellow River fretting about! For instance:

“But he also points out that investors should differentiate China’s property bubble with that of the U.S. ‘China’s property market has a price bubble, but not a credit bubble the US had,’ says Rogers.”

The comparison is very true, but Rogers forgets several facets: (A) the descendant developers, deep shit in sinful debt, area about to get swallowed by the closing maws of the Red Sea; if you took the documents of condo purchases for RMB parking – not residential purposes! – and stacked them, the speculation documents would French kiss the ISS; the majority of Chinese can no more afford a new home in China, than a tiny box on the Upper East Side; and for the “high down payment” argument, one word – DUBAI!

The problem with normally intelligent investors, who naively get caught in bubbles, is this: they’re detached from the fraud that’s titillating their “mental opiates.” Like Andy Xie (who’s long been bearish about China’s property bubble – just not nearly bearish enough), Jim need to accomplish this: he needs to get the hell out of his fancy shing-ding in Shanghai, slap down for a fresh-off-the-press $500,000 condo (which he can undoubtedly afford yearly in tips), live in it; and shit his pants the worse he has since the Exorcist, as his ghost-white pale face/slacking jaw witness in catatonic horror as cracks eat walls faster than neutrinos (theoretically, still not 100% confirmed) zip past light, or how floors peel as badly as toxic Chinese produce; or how his toilet gets a “ghost of its own,” refuses to work, but works as a wonderful “crap safety valve” when neighbors flush there’s, and Jim’s white-hot Gucci suit embraces a year’s worth of natural fertilizer.

Chinese Eat Balls- Funny Chinese Menu Item

The Chinese would rather save a penny and look like idiots vz a poor translation than pay a buck and get it right.
This menu item looks like something from the cannibalistic times of the late 50’s….

China’s Impending Bubble is Going to Go Nuclear

Here is a great bit from Da Brew about China’s coming crisis….

From Brewskie
“Judgement Day’s comin’ for the developers.

http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20111129000013

Get this: “Sun Jianping, analyst with Guotai Junan Securities, estimated that the real estate market will need 10.84 trillion yuan (US$1.69 trillion) of cash in 2012, while developers will be able to draw only 9.49 trillion yuan (US$1.48 trillion), meaning cash shortages of 1.35 trillion yuan (US$211 billion).”

Debt held by listed developers will need to be paid as soon as next quarter.”

Comment from Da Brew on Chinese Wealth

Da Brew says
“Ancient Chinese proverb: Wealth doesn’t make it past three generations.”

But I’d like to amend it to
“Your Wealth does not make it past one communist”

“Blow Up the Cackle Box”- Funny Chinese Menu Translation

I have no idea what this food is. But apparently it has to do with destroying something…..

Chinese Town (Wukan) Runs Of Communist Officials- Town Now Locked Down

Guangdong China has its share of problems this year. The people in that area do not put up with the raft of garbage the communists are laying down and tend to protest. When they protest, they get sick and toss Molotov cocktails, nails, pigs blood and such and cause a general panic.

In this story, they talk about how the good people of this town ran off the communists after a disagreement. The head donkey commies had to send in the SWAT or Somewhat not so Weak- Ass munching Team, who is better than the typical frightened local police who are more adept at hunting down bribes than catching a crook.
The town is still surrounded as we speak….

(photo from epochtimes.com)

Chinese Hacking US Business Into Submission- “The Biggest Transfer of Wealth Ever Seen”

Great article here about how the Chinese via hacking are robbing us blind. We are fools to trust these people, and yet we still do so…
Quotes
“Based on what is known of attacks from China, Russia and other countries, a declassified estimate of the value of the blueprints, chemical formulas and other material stolen from US corporate computers in the last year reached almost $500 billion, said Rogers, a former agent for the Federal Bureau of Investigation.

“We’re talking about stealing entire industries,” he said. “This may be the biggest transfer of wealth in a short period of time that the world has ever seen.”

In one instance, a ranking officer in China’s People’s Liberation Army, or PLA, employed the same server used in cyberspying operations to communicate with his mistress, the intelligence official said.
Many of the cyber attacks have been linked to specific China-related events, a pattern noted by secret diplomatic cables published by WikiLeaks, the anti-secrecy website

The approval of China’s most recent five-year economic plan provides another possible link between Chinese government policy and cyber-espionage. The plan, approved by the National People’s Congress in March, identifies seven priority industries that mirror the most prominent targets of China-based cyberspies, according to the two senior US intelligence officials who have knowledge of the victims.
KPMG International, the auditing firm, said the five-year plan’s priorities include clean energy; biotechnology; advanced semiconductors; information technology; high-end manufacturing, such as aerospace and telecom equipment; and biotechnology, including drugs and medical devices.
Same shopping ist In many cases, the iBahn hackers appear to be working off the same shopping list, according to intelligence documents.”

more here http://www.smh.com.au/it-pro/security-it/chinabased-hacking-of-760-companies-an-undeclared-cyber-cold-war-20111215-1ovoq.html

“Chinese Quality”- Beijing Airport Roof Ripped off by Wind

Here is a not from Da Brew that I missed. Sorry Brew man, I’ve been getting back in the swing of things.

Anyho,
the roof on the new Beijing Aiport was ripped off by the wind. The freaking wind!!
How can this country manufacture weapons of war if their buildings cannot even stand the elements?

Read here
http://www.msnbc.msn.com/id/45426215/ns/travel-news/#.TtSMPFax6US

Corporal Punishment, Glow in the Dark Pork, China Aiding Iran and Angry Chinese

I am still getting my ‘sea legs’ after my leave from the land of oppression and phlegm. Here are some of the newest news stories of late…

1- Chinese pork glows in the dark! WTF – some sorry bastard aka typical Chinese consumer, bought some pork and stuffed it into the fridge. The next day he saw that it actually glowed in the dark. The reasons, according to Chinese experts- a term I am usually loathe to use, is that the dead owners of the meat- ie pigs, had ingested too many phospates…
story here http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1103&MainCatID=&id=20111214000009

2-Chinese are going upscale with liquor ‘fakery’ or at least that is what this piece says. The story is about some China man aka ‘huckster’ – who is selling fake spirits. The guy dumpster dives for old bottles of expensive alcohol then puts rot gut piss aka normal Chinese liquor, nto them and sells at a premium.
here http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1103&MainCatID=&id=20111214000008

3- China has decided to join the 19th century by ‘considering outlawing the following in classrooms’- mocking, teasing, taunting and beating students….Really?
No shit, this is what the country of chicoms and smog is ‘considering’. WTF have these behaviors not been outlawed before?
story http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1103&MainCatID=&id=20111214000061

4-This story says that China is arming Iran via N. Korea. Hmm, I guess that means that the Iranians will be utilizing the same cheap shit garbage that the Chinese army currently uses. I would like to think that this news is alarming, but then again think of it like this: If you are flying at mach 1 and looking to strafe a village, do you really want to look down at the flight controls and read ‘Made in China’?
story http://www.foxnews.com/opinion/2011/12/14/china-is-helping-to-arm-iran-and-sidestep-sanctions-thanks-to-assist-from-north/

5-China is upset with the US over some indiscretion and will levy taxes on US imports. The funny thing is that the Chinese will still buy US, they are smart enough to steer clear of local products. What I do not understand is how so many companies are worried about offending the Chinese when a company like Apple, could shit on a photo of Mao and still have blockbuster sales in this place. To the Chiene its all about image….
story http://online.wsj.com/article/SB10001424052970204026804577097962928196218.html?mod=googlenews_wsj

(ps, the photo is definitely not of China)