whats going on with China

Can you see the ?

 

Sure...its right before my eyes !!

Beautiful

Ice cold

I love beer.............Need one ? got plenty

 

Quote:
Originally Posted by myark
(You are very much out of touch or misinformed surggesting Manchuria is a region some how fitted betwen larger neighbours.)

Why do you not know that Mongolia, Russia and North Korea boundaries surround Manchuria ?
Watchkeeper states
Is this a question??

Can you see the ?

Sure...its right before my eyes !!

Beautiful

Ice cold

I love beer.............Need one ? got plenty

Michael

I do not drink alcohol, thanks anyway

 

This may be the reason why some of the finer points (tiresome protocols) are not known to you.
I found the time I lived in Japan is the same, because I was a guest on a fellowship having to constantly be aware of all the cultural correctness so not to cause my mentor to loss face by my clumsiness.
China is the same, try having a production manager who constantly ignores instruction, ignores recognized risk putting the whole project & 10months work at risk for his face. Then if I reprimand him or shout at him in front of others he loses face, and create hatred for me because he lost face then resist everything I try to impliment. His face is more important to him than multi million dollars investment.

I know several seasoned 20yr veteran ship builders/platform engineers, hull and structural engineers who finally gave up, said enough and left very high paid posts in China because the BS and lies.

 

This is the map of Manchuria showing it is a region fitted betwen larger neighbours.
Are you sure you are actually in China

http://geography.howstuffworks.com/asia/geography-of-manchuria.htm

 

To save face may I interrupt and divert attention?
Is this the truth or a joke? http://www.newyorker.com/online/blo...troying-us-economy-now-in-congress-hands.html "Al Qaeda Disbands; Says Job of Destroying U.S. Economy Now in Congress’s Hands"

I would appreciate reading ALL the views and perceptions on what is going on in China, not a purile debate on who is 'best informed' ... For a change Troy2000 had a very salient post, - - and from my perspective, (like 'economists, who hold at least 3 opposing views on everything), cannot 2 people hold differing perceptions and understandings, both presenting the truth as they see it :?:

Back on topic please, as I too seek to learn and have a greater understanding of China...

 

Id like to know how China will build a modern social welfare system for its citizens ?

The present Wild West, Gold Rush stage of development cant go on much longer, particularly with China's demographics.

 

That is easy in other lesser developed countries, - - large extended families living together as a community... It may not work in China with the "one child" policy per se... I feel that many Chinese communities could behave similarly to the "extended family" concept of self supporting communities.

That is how I see the future...

 

The 4 2 1 family demographics will limit consumer demand, entrepreneurial initiative and as a result growth.

http://www.bbc.co.uk/news/world-asia-19630110

""children from single-child parents face what is known as the 4-2-1 phenomenon: when the child reaches working age, he or she could have to care for two parents and four grandparents in retirement. "

 

Agreed, - but, - "thems the breaks'... Consequences of government intervention - or - 'top-down' social and monetary control = social / society destruction...

Western societies will feel the pain of rapidly devaluing fiat currencies and older people living in abject poverty...

 

But.. since this problem is real and will have consequnces its important to watch how the Chinese state addresss the issue.

Will it be The American ...kicking the can down the road or a clear eyed solution.

.what happens in China will affect us all.

 

Hi Michael,
I fully agree, and what I fear more is "government intervention" as it may be with 'good intentions' but I feel mostly without reasoned analysis or research as to the potential adverse consequences... - The American term 'collateral damage' seems apt...

Manipulation of the markets has long term disastrous consequences and in the name of 'other things' said 'to stabilise the economy' I see the disaster in holding interest rates so low, bailing out banks when they should have been left to collapse as any mismanaged business should, tax regimes where corporations went looking for 'cheap labour' and other tax holidays and so on distort economies everywhere...

The interventions continue throughout most societies in this global "nanny state" attitude, where stupid citizens are demanding that "the state should do this and do that FOR FREE" - is decptive BS, as the costs will have to be paid sometime and why should our childrens children be left with the bill when they did not eat at the table, or even on the scraps?

A global reset is necessary and the longer it is postponed the greater the depth of the social, commercial and economic collapse... When the debt bubble bursts all fiat currencies will become valueless and other assets will follow to discover their true value and often well below that as a consequence of all the fraud and manipulation in the markets finding the reset value... Money will not work as it will be valueless, what is left will be objects, commodities and goods - some valued on the intrinsic demand as in food, some as in rarity (diamonds gold and some other things that are still appreciated), some on usefulness as in fuel, generators, machinery to make stuff and grow food and materials... - - - So I grow some tomatoes and trade those for other food and so on...

A large thing like a tractor & plough I may use some gold or silver or a year's crop from 20 acres of my land and so forth... I will firstly grow my own fuel...

I perseive that in the "near future", (f'd if I know when), life will be more concerned with basics, artesians making or fixing USEFUL stuff, growing food, processing rubbish to extract energy and thence into compost etc... Smaller communities will be the social structure of the future, where everyone is known and has friends for support and cooperative work sharing... Big business has failed because of its fixation on 'the bottom line' and has NO social conscience or ethics... Corporations are about BIG and market domination and are forever looking to go where labour is more cost effective and damn the roots from which it grew and originated...

 

etc etc etc
Nothing will change-there ought to be hippy communes in N. Queensland to join.

BTW I've been in buildings in Hong Kong where no floors are numbered in the 40's

 

There are, and they have either "gone feral and become seen as the unwashed dopeheads", - or - are aware of the corporatised fraud, deception and manipulation globally, becoming very astute niche marketing entreprenaurs who are of the best kind, (hard workers, ethical traders with high moral standards and fair dealing), and are a credit to their communities and broader society...

 

There is a western type social welfare support available that based on workers contributions to insurance that pays unemployment benifit to cover mortgage and basic expenses. There is a not vey generous retirees pension scheme based on same life long contributions.

Problem in China is employers cheat govt and employees by not declaring true salary to reduce the company's tax contributions. This means the workers contributions are reduced, the sickness benifit reduces and severence payout reduced plus the govt has less income.

Cheating in China starts at the top so everyone one does it to catch up.

The other issue is education, China's education method is crap, students are trained parrots spending up to 10hrs a day in school being taught to pass exams not learning or leaning to think. A 25yr old graduate has the common sense of a cinder block and absolutely no hands on smarts.

A Chinese couple we know from powerful military families had to pay $50K red pocket (brown paper bag on the desk) to get their 5yr son admitted to a good school in Beijing. Average graft to a get the school of choice is $10-$20K, parents that can afford it send their kids overseas, when the kids graduate they don't want to come back because they can't get a job of choice and the pay is rubbish if they do.

China's academic elite and future techno generation won't stay in China working for peanuts.