Understanding China, One Blog at a Time

An American in China

Singapore Feels The Rise of China

Posted by w_thames_the_d on May 16, 2012


Here is what migration with Chinese characteristics has wrought.
Excerpt
“SINGAPORE — A wealthy Chinese expatriate who crashed his million-dollar Ferrari into a taxi killing himself and two others has sparked outrage in Singapore, where anti-immigrant sentiment is on the rise.
Websites were swamped Monday with postings attacking Chinese and other foreigners in the city-state after it was reported that a 52-year-old local cabbie had died of his injuries following Saturday’s pre-dawn accident.
The crash instantly killed the 31-year-old Ferrari driver, Ma Chi, while the taxi passenger, a 41-year-old Japanese woman, died in hospital two hours later, a police spokeswoman told AFP.
Police gave no other details but local media said the Ferrari driver was a financial adviser from Sichuan who was applying for permanent residency and already living in a Singapore penthouse with his family.
Disgruntled locals seized on the incident as another reason to attack the government’s immigration policies and the presence of more than a million foreign workers and professionals in the crowded city-state.
Foreigners are blamed for pushing up living costs, straining public transport and stealing jobs, with mainland Chinese bearing the brunt of attacks.”

From here

http://www.google.com/hostednews/afp/article/ALeqM5h9YIIVRomPJ8USIi2fIBj_VDGYeQ?docId=CNG.51e40d6c24e29eac39ee98f09d95f0da.5a1&index=0

One Response to “Singapore Feels The Rise of China”

  1. Brewskie said

    Rise? Yeah, I guess a 70-year-old gramp’s limp dick can rise if he jams his mouth with Viagra, like an NFL baller who stabs his butt with ‘roids. (Hey China, I think you’ve had an erection lasting more than 4 hours, you may want to go to the ER! 😉 )

    Well, the Brewskie is back, in production, and this season’s batch is especially incendiary; this potent, jalapeno-laced sauce of hooch will have everyone snortin’ flames out of their nostrils, as they laugh at their favorite make-believe pixie – the great paper tiger of Asia known as China.

    Let’s go comb through the facts on the latest “house of mirrors” China’s established to hide, what’s indeed, the dark varicose matter striking her heart; let’s pick up the slack until the King gets his new computer, and vents his pent up rage.

    Can you trust Chinese nuclear technology like Chinese-made dry wall in US homes, rail parts for commuter cars, or that Silly Putty known as Chinese-made concrete? Fuck no!! Get a load of these bumble bees bumbling a nuke plant in India – repeatedly:

    http://www.merinews.com/article/hpgcl-loses-crores-of-rupees-daily-due-to-faulty-chinese-equipment/15866386.shtml

    “The forced shut down of unit no. 2 at Yamuna Nagar thermal plant since September 25 has raised questions about Chinese technology being used by Reliance for power projects. Even after the Chinese experts attended to it, the unit isn’t working, incurring losses worth crores of rupees to HPGCL on a daily basis.

    According to information received under RTI, the unit 2 is under forced shutdown since September 25, 2011 due to high eccentricity and vibration at turbine bearing no. 1. The unit was commissioned on June 24, 2008 and has run for 24180 hours only.

    The daily generation loss of 72 lakh units is worth Rs. 2 crore for HPGCL. After the closure of unit on September, 25, two Chinese engineers stationed at Khedar thermal visited site on September 28 & 29 but could not resolve the problem.”

    (Brewskie note: the “experts” made several other visits. Moving on…)

    “As per CEA report, 600 MW Yamuna Nagar thermal plant has reported a shortfall of 660 million units from April to January this year. As per CEA schedule the plant was to generate 3553 MU whereas it actually generated 2892 MU. A senior engineer said the fallout of Chinese equipment is now being felt.

    It may be mentioned that the same unit was closed on February 22 in 2010 due to problem in emitting electrodes of Electrostatic Precipitators (ESP) and unit was restored on March 15. The300 MW unit ran subsequently at 60 % capacity for next 8 months.

    It may be mentioned that this unit remained shut and subsequently operated at half load reportedly due to defective design of ESP.”

    Second: Ho-hum, another day, another – yup, you guessed it… – bridge collapse, this time in Hunan province. This time the commies are blaming a boat that sailed into a support pillar; “Bullocks!” I say. A few years back, a swollen Mississippi River caused 3 barges to slam into a bridge near Dubuque, IA. The Julian Dubuque Bridge, as it’s called, was built it 1943: after inspections it was considered structurally sound, and is in service today. Better yet, the bridge was not considered among “the 4,333 dangerous bridges found in Hunan province.” Uh… was that commie official drunk when he let those beans slip?

    Try 1940s engineering techniques and technology, guys.

    http://www.chinadaily.com.cn/cndy/2012-05/15/content_15291677.htm

    And oh-oh… looks like barges of Viagra just ain’t holdin’ China’s muster like they used to. China’s response? As an agin’, fat ass NFL baller, China resorts to the same measure that’s destroying the body: injecting more ‘roids into that bulging bubble butt.

    Look out below: food inflation’s up 7%!

    http://online.wsj.com/article/SB10001424052702304192704577403763760104368.html?mod=googlenews_wsj

    “In a surprise move over the weekend, the People’s Bank of China cut its reserve ratio requirement. The general view is that this is designed to boost lending again, following the squeeze of the past half year, as inflation has started to come down and as the Chinese property market starts to wobble.

    […]

    Chinese trade numbers for April were another clear indication that things are slowing sharply. Imports were up just 0.3% on the year, against a 5.3% rise in March. Exports were up just 4.9% from 8.9% a month earlier. In March, China reported its largest trade deficit in recent memory.

    And independent observers have been marking down Chinese growth expectations to between 6% and 7% against the more usual 8% to 10% range that Chinese authorities have tended to target… Because the Australian economy, as a leading source of raw goods, has been so closely tied to China’s during recent years, its performance is seen as a proxy for what’s really going on in China. It’s worth noting that the Australian dollar has dropped around 10% against the U.S. dollar since the start of March. Meanwhile, the price of copper, a bellwether industrial metal and used as a proxy for Chinese growth, is at four-month lows.

    To be sure, Chinese inflation has started to come down, which economists figure gives the PBoC plenty of scope to ease policy. April consumer prices were up 3.4% on the year, broadly within the central bank’s acceptable range. But food inflation is still running at 7% and for many of China’s poorest, this is the inflation rate that really counts.

    […]

    The other problem with easing monetary policy is that it perpetuates the imbalances within China’s economy. Deeply negative real interest rates have effectively transferred wealth from households to industrialists. This sort of financial repression has forced Chinese into buying property at inflated prices and has made the operators of state-owned enterprises and politicians who control land distribution immensely wealthy.

    Reinflating the property bubble might halt popular resentment among those Chinese middle classes who are heavily invested. But the question is whether policy is likely to be successful in this. Inventory levels are high and prices are so far away from what can be supported by salaries that even with a loosening of restrictions it’s not clear that prices could be refloated.”

    Later, guys. 😉

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