Intro: China's accumulation of foreign currency is a hotly debated topic. Secretary of Treasury Geithner recently characterized it as "currency manipulation," a legal term of art which allows the United States to take retaliatory measures. I have written a paper that approaches this practice from a different angle, and recommends a different solution. The paper can be … [Read more...] about (Letter from ag2559, Opposing Viewpoint) China and the Economic Crisis
China
(Letter) Cramer Is Bullish on China
No, not Cosmo Cramer. Jim Cramer of CNBC`s Mad Money fame tonight made Xinhua China 25 his [China] Play of The Day, and expressed his bullish confidence in China`s dictatorship. This is while self-appointed expat China experts are making doom-and-gloom, Panarin-esq predictions that China will suffer fatal crisis or fall from revolution, from range of issues: unemployment, to … [Read more...] about (Letter) Cramer Is Bullish on China
(Letter) The Mystical Gaza Chinese Rocket
While it is widely reported that Hamas have fired 122mm Grad rockets into Israel, an upgrade from the Qassam, few media have gone further and stated that the new rockets were Chinese-made. Simple Google searches seem to suggest the reason very few media outlets have made the Chinese connection is because this is somewhat dubious: - According to Wikipedia the Soviet designed … [Read more...] about (Letter) The Mystical Gaza Chinese Rocket
(Letter from BC) Can China Save American Automakers?
No, China will not buy GM, Ford or Chrysler. But there is another way - a scheme of division of labor in which the U.S. will focus on design and innovation while China on manufacturing efficiency. … [Read more...] about (Letter from BC) Can China Save American Automakers?
(Letter from Arctosia, Opposing Viewpoint) A country’s hurt feelings
Chinese Foreign Ministry recently described French President Sarkozy's meeting with the Dalai Lama as an act that would "gravely hurt the feelings of the Chinese people". It is the kind of phrase you are looking for in every Chinese official indignation - ok, feelings hurt, this isn't something good. However, this is the first time I actually didn't let it just pass, and asked … [Read more...] about (Letter from Arctosia, Opposing Viewpoint) A country’s hurt feelings