Tag Archives: China

China launches longest-ever manned space mission

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“China Tuesday began its longest manned space mission with the launch of the Shenzhou-10 rocket, state television showed, as the country steps up an ambitious exploration programme symbolising its growing power.  The crew are due to spend 15 days in orbit. Beijing sees the multi-billion-dollar space programme as a marker of its rising global stature and mounting technical expertise, as well as the ruling Communist Party’s success in turning around the fortunes of the once poverty-stricken nation.  China’s programme is highly ambitious and includes plans to land a man on the moon and build a station orbiting earth by 2020.”

http://www.rawstory.com/rs/2013/06/11/china-launches-longest-ever-manned-space-mission/

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Bribery keeps Chinese public hospitals running

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“China is an appealing market for pharmaceutical firms and medical-equipment makers, with spending in the industry expected to nearly triple to $1 trillion by 2020 from $357 billion in 2011, according to consulting firm McKinsey. The corruption stems largely from doctors’ low base salaries, which are set in line with a pay scale for government workers. Hospitals can pay bonuses but, given public hospitals are strapped for cash, compensation is usually low, say doctors and industry experts. A doctor fresh out of medical school in Beijing earns about 3,000 yuan ($490) a month including bonuses — roughly the same as a taxi driver.”

http://www.rawstory.com/rs/2013/07/24/bribery-keeps-chinese-public-hospitals-running/

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Chinese airline passengers face worst travel delays

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“Air passengers in China experience the world’s most disrupted travel plans, according to a report which names two of the country’s major airports and its leading airlines among the most delayed. Beijing International Airport is the world’s most delayed airport, with just 18.3 percent of commercial passenger flights leaving on schedule, the report claims. Shanghai Hongqiao International Airport reported the second worst departure record with 23.5 percent leaving on time, according to the study by FlightStats, a US-based air travel information service. About 42 percent of flights from Beijing and 40 percent of flights from Shanghai suffered delays of 45 minutes or longer.”

http://www.rawstory.com/rs/2013/07/12/chinese-airline-passengers-face-worst-travel-delays/

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Bank of China officially opens in Chicago

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Bank of China officially opens in Chicago

“Bank of China Ltd, one of China’s biggest banks, has officially opened its branch in Chicago on March 22.”

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Beijing Subway, Line 13, morning rush hour – just a little crowded

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Beijing Subway, Line 13, morning rush hour – just a little crowded

“July 18, 7:30 am, likely the Xierqi subway station on Line 13.”

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Chinese man kills two ‘one-child’ policy officials

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“A knife-wielding man stormed an office enforcing China’s one-child policy on Tuesday, stabbing two officials to death and injuring four people after a row over his offspring, state media said. Bureau staff had earlier refused to give the man, surnamed He, the papers he needed to obtain a residency permit for his fourth child, the official Xinhua news agency said, as he had not paid a ‘social compensation fee’ for having it in violation of the family planning policy. Outrage spread online last year after a woman who had been forced to undergo an abortion seven months into her pregnancy was pictured alongside the bloody foetus.”

http://www.rawstory.com/rs/2013/07/23/chinese-man-kills-two-one-child-policy-officials/

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The Bull Within the Bear

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“The reason it’s important to look at the entire picture of investment demand is because an investor might draw an erroneous conclusion if they read just the headlines. For example, China and other Asian nations represent well over half of all global investment demand, while North America is just 9%. Is this bigger source of demand experiencing a lot of selling, too? Let’s look at the bigger picture of investment demand for gold this year. In the following chart, we compare GLD outflows to Chinese imports through Hong Kong, as well as other sources of demand for physical metal. Here are the data through last month.”

https://www.hardassetsalliance.com/investing-news/newsletter/mining-for-opportunity-asian-buying-stronger-than-ever#a2

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Clarification of William Kaye Regarding German / US gold in Hong Kong refineries

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“Hong Kong fund manager William Kaye identifies the Hong Kong gold refiner that is recasting Western gold, including Western central bank gold, for the Asian market.  Kaye remarks that this movement and recasting of gold should hardly be a sensation because it is completely consistent with everything known about the current gold market. Kaye also denounces Western exchange-traded gold funds as facilitating ‘enormous potential mischief and abuse’ of gold investors at the hands of the bullion banks that are exclusively authorized to put gold into and take gold out of the funds.”

http://www.gata.org/node/12798

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China’s Central Bank Subsidizes the Federal Deficit

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“The Chinese central bank creates money out of nothing, just as the Federal Reserve does. Then it takes this newly counterfeited money and buys U.S. government debt, just as the Federal Reserve does. It bought $25 billion of this debt last month. The Federal Reserve bought $45 billion. So, when it comes to currency-rigging, which central bank is the greater culprit?  The two economies, China’s and America’s, are addicted to the drug of fiat money. The first central bank to quit counterfeiting — the first one to ‘taper’ — starts the international recession. The first one to stop inflating permanently will turn the recession into a depression. Which will it be?”

http://teapartyeconomist.com/2013/07/17/chinas-central-bank-subsidizes-the-federal-deficit/

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China’s richest man says ‘common prosperity’, not ‘wealth gap’ is priority

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“Zong only went into business in his 40s, selling fizzy drinks to children and reportedly being so short of cash that he slept under a bridge in Beijing because he could not afford a hotel. But the company he launched, Wahaha, whose name means ‘Laughing Child’ in Chinese, went on to become China’s third largest soft drinks company, according to Euromonitor International. Zong’s fortune, as estimated by China-based luxury magazine publisher the Hurun Report, makes him the richest person in China and one of the wealthiest in Asia.  Zong warned: ‘If we had egalitarianism… we wouldn’t have enough to eat.’  He called for lower taxes to stimulate investment.”

http://www.rawstory.com/rs/2013/07/17/chinas-richest-man-says-wealth-gap-is-not-a-priority/

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