Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Wednesday, August 2, 2023

China Prelude to war

 IN THE DAYS BEFORE WORLD WAR II, THE SENIOR LEADERSHIP OF JAPAN’S GOVERNMENT AND MILITARY WAS PURGED OF THOSE WHO DID NOT SUPPORT WAR: 

China Replaces Missile Commander Days After Removing Foreign Minister: Ouster of senior military leader aimed at shoring up loyalty to Xi Jinping, analysts say.

China ousted the commander of its missile force, a move that analysts said was intended to ensure loyalty to leader Xi Jinping in the arm of the military that controls nuclear-tipped missiles pointed at the U.S. and would play a pivotal role in any attempt to seize Taiwan through force.

The removal of Li Yuchao, a veteran of the People’s Liberation Army Rocket Force, marked an abrupt end to an unusually short stint in a key military post and comes days after China replaced its foreign minister in another decision shrouded in mystery.

Li, who was appointed commander in January last year, hadn’t been seen in public for several months. His ouster was confirmed at a ceremony a day before China celebrated the 96th anniversary of the founding of the PLA, which falls on Tuesday.

In a Tuesday commentary marking the anniversary, the official PLA Daily newspaper urged all military personnel to uphold Xi’s status as the “core” of the Communist Party leadership, and to persist with efforts to enforce discipline and fight corruption within the armed forces.

Alternatively, Xi is worried about a coup — though the two are not mutually exclusive.

D

Sunday, October 9, 2022

Tuesday, January 11, 2022

We’re Not Exporting Our Values to China — We’re Importing Theirs.

 THE KOWTOW CROWD:

 Intel CEO Doubles Down on Xinjiang Apology: ‘No Reason to Call Out One Region in Particular.’

Soon after Biden signed the act, Intel said in a supplier letter: “Multiple governments have imposed restrictions on products sourced from the Xinjiang region. Therefore, Intel is required to ensure our supply chain does not use any labor or source goods or services from the Xinjiang region.”

That sparked an uproar in China, including an editorial by the Global Times, a party tabloid, criticizing the move as “arrogant and vicious.” So Intel posted an apology to Chinese social-media platforms on December 23. “We apologize for the trouble caused to our respected Chinese customers, partners, and the public,” the statement read.

Then, earlier this morning, before Gelsinger’s latest comments, the Wall Street Journal reported that Intel removed the entirety of the paragraph on Xinjiang from the supplier letter posted to its website. The language on Xinjiang was taken down sometime between December 23 and today.

The chipmaker’s stance on forced labor in Xinjiang touches on a range of other thorny issues that has put it in congressional crosshairs.

Further thoughts from Ed Morrissey: 

Intel: On second thought, never mind about China’s genocide.

“Surprised? Don’t be; Intel is hardly the first American-based firm to discover that access to Xi Jinping’s markets is its “core.” However, it’s still worth noting in the context of credibility when it comes to corporate social-justice campaigns.

After all, what’s a little genocide between friends?

* * * * * * * *

Given the sell-outs to Xi by tech giants Google, Microsoft, and Apple and the entire Hollywood industry (among many others), Intel’s moral cowardice is as predictable as it is execrable. Still, it’s worth noting for later context when these same corporations engage in social-cultural lectures on the nature of justice and history in the US. If our corporate sector rewrites history to pander to a genocidal tyrant like Xi, they have zero credibility to scold their American customers over anything.”

Earlier: A Slow Kowtow to China.

Demanding obeisance has a rich history in Chinese culture. In 1793, British envoy Lord George Macartney was charged with opening permanent trade relations with China. The Chinese still clung to the old feudal demand of the kowtow. In the old days, the Chinese believed that the emperor literally ruled the world, which meant foreign rulers were more like vassals. And all vassals must acknowledge the supremacy of the emperor, the Son of Heaven. The problem was that Macartney was essentially a stand-in for the British crown, and he couldn’t in good conscience recognize the emperor as his sovereign.

Kowtowing requires three kneelings and nine prostrations—meaning the supplicant actually lies face down on the floor—in order to demonstrate total inferiority. Macartney agreed to kneel out of respect, but he wouldn’t put his head to the ground nine times.

The Chinese were offended and Britain and China didn’t get the trade deal. I bring up this anecdote for three reasons. First, it’s worth recognizing that the trade deal was in the interests of both countries. Lots of “realists” think that countries do things solely out of raw self-interest. That’s arguably true. But the definition realists use for self-interest is way too narrow. Notions of national pride and honor are also forms of self-interest.

Which brings me to the second reason. America should have some notion of honor. We don’t have a crown, but we do have certain ideas and ideals that we like to claim similar loyalty to. We also like to claim that these ideas and ideals are universal. When we figuratively kowtow to China, we are openly admitting to China that both claims are untrue—or at least negotiable. You can’t claim to believe human rights are universal and inviolable while simultaneously excusing or ignoring the mass violation of human rights that defines China under CCP rule.

Last, none of this is in our interest. It’s not like the Chinese respect us for our groveling. They enjoy watching us bend to their demands and mock our obsequious desire to gain favor as proof of their superior system. They use our self-flagellation over race as a cudgel in their propaganda and diplomacy. Such appeasement only buys greater demands and worse moral and strategic compromises.

* * * * * * * *

I whiggishly believe that one day China will be a free country. And when it is, the Chinese will not look back on America today as a spiritual ally the way those who were slaughtered at Tiananmen Square did. They will see us as a country that sought approval from the regime that persecuted their ancestors for the cheap at any price of Fast and Furious 9 ticket sales.

As Jim Geraghty wrote in October of 2019, when the CCP-NBA connection exposed for millions of Americans to see: 


We’re Not Exporting Our Values to China — We’re Importing Theirs.

 

Friday, December 17, 2021

Mitch Daniels : Stands Up at Purdue

 STANDING UP AGAINST FOREIGN COLLUSION: 


Purdue president calls harassment, intimidation of pro-freedom Chinese student ‘unacceptable.’

Daniels was responding to a recent article in ProPublica that detailed the intimidation and harassment faced by Chinese Purdue student Zhihao Kong after he spoke out against the Chinese government.

Kong, an engineering student, had recently gone public with his complaints against China, saying he was appalled that the Communist regime had claimed the COVID-19 virus originated in the United States. He further said China had worsened the pandemic by covering up the presence of the virus.

Finally, he posted an open letter praising the Tiananmen Square protesters who died at the hands of the People’s Republic of China three decades ago. . . .

Chinese officials saw his post and paid a visit to his parents, trying to intimidate them into getting Kong to stop posting pro-democracy statements. When he finally talked to his parents, Kong said they “were crying in the phone call. My father was urging me to stop such activities.”

Members of the Purdue Chinese Students and Scholars Association began threatening Kong in an online chat.

I think these students should be investigated for doing the work of a foreign power. Mitch Daniels’ comment:

“Joining the Purdue community requires acceptance of its rules and values, and no value is more central to our institution or to higher education generally than the freedom of inquiry and expression,” said Daniels, adding, “Those seeking to deny those rights to others, let alone to collude with foreign governments in repressing them, will need to pursue their education elsewhere.”

Daniels’ whole statement is here.

I’

Tuesday, November 16, 2021

CHINESE TENNIS STAR, 35, VANISHES

 CHINESE TENNIS STAR, 35, VANISHES AFTER SHE WAS CENSORED FROM THE INTERNET FOR ACCUSING COUNTRY’S FORMER VICE PREMIER, 75, OF SEXUAL ABUSE:

A Chinese tennis player has vanished a week after accusing the country’s former vice premier of sexual abuse.

Peng Shuai, 35, accused 75-year-old Zhang Gaoli of forcing her to have sex with him in a lengthy post uploaded to Weibo, the Chinese Facebook equivalent.

The post was soon deleted and all of her recent content on the site has been scrubbed. The word tennis (‘wangqiu’) was even censored on the social network.

The athlete, who became a household name after winning the French Open doubles in 2014, has not been seen since.

While China has been rocked by #MeToo scandals before, this is believed to be the first involving a high-ranking member of the Communist Party.

Earlier: China erases billionaire actress Zhao Wei from history.

She has millions of adoring fans. She’s worth billions of dollars. But Beijing has all but erased actress Zhao Wei from history. And they won’t say why.

Zhao’s name won’t be immortal. Her entire internet existence has been scrubbed.

All serials and chat shows featuring her have vanished from major Chinese online streaming sites. She no longer even appears in the online credits for the movies she appears in.

Discussing why is being censored on social media.

China’s versions of Winston Smith are getting quite a workout these days:


Thursday, September 23, 2021

China "Remolds" It's Society - Biden Drools!

Beijing Unleashes Sweeping Bid to Remold Society

From tech to entertainment to private tutoring, few sectors have been left untouched in the regime's campaign to tighten control
BY EVA FU
 
September 21, 2021 Updated: September 22, 2021
 

China’s tech behemoths are handing months of profits to the regime in Beijing to demonstrate loyalty to the Communist Party. Popular actors have been erased from internet history with their devoted online fan groups disbanded. Young gamers now are allowed no more than three hours of playtime per week.

Across Chinese classrooms, 147,000 newly minted inspectors have been deployed to oversee the national dissemination of the ideology of China’s top leader, Xi Jinping.

Be it e-commerce, entertainment, education, or gaming, few areas of Chinese society have been left unscathed amid Beijing’s torrent of regulatory activity in recent months. As authorities clamped down on the offending actors, stock markets tumbled with hundreds of billions wiped out, while companies and individuals have scrambled to assess the new rules, lest they tread on the regime’s toes.

The cascading crackdowns have been swift and puzzling, with some likening the Party’s attempts at social engineering to that which occurred during the Cultural Revolution, a decade-long period from 1966 when the regime’s first helmsman, Mao Zedong, sought to reassert his control within the Party by launching a mass campaign to destroy traditions, beliefs, and social mores.

A “profound revolution” is underway in China, declares nationalist essayist Li Guangman, a former editor for an obscure state newspaper. In a recent commentary quickly promoted on prominent Chinese state media websites, he hailed the regime’s campaign as a “return to the original intent of the Chinese Communist Party (CCP) … and the essence of socialism,” and offered up two potential targets: housing and medicare.

 As with past measures, the Chinese regime has framed the series of actions as necessary for the public good. But the pace of the activity has been dizzying, with a thoroughness unseen in China’s recent memory.

It looks like the “opening days” of a cultural revolution, said June Teufel Dreyer, a political science professor at the University of Miami.

To Robert Atkinson, economist and founder of Washington-based think tank Information Technology and Innovation Foundation, some of the measures mark the latest efforts by Beijing to curb freedom of expression. He cited the ban on “effeminate actors” and gaming restrictions as examples.

“You get the sense that what Xi is saying is, ‘No, we don’t want a society that’s individualistic. Your job as a Chinese citizen is to support and follow the state,’” Atkinson told The Epoch Times.

“The goal of Chinese society is not to make people happy, it’s to make the state powerful,” he said.

Total Control

The “straw that broke the camel’s back” goes back to last October, according to Dreyer, when internet giant Alibaba’s founder Jack Ma made a blunt speech criticizing China’s regulatory system. For his outspokenness, the entrepreneur went missing for three months. Overnight, regulators pulled the plug on what was meant to be the world’s largest initial public offering by Ant Group, Alibaba’s sister fintech firm.

The regime is “trying to prevent wealthy, vested interests like Jack Ma from … winding into the political decision-making process,” Dreyer said.

 The punishment of Ma appears to be the lightning rod that set off a sweeping overhaul engulfing virtually all facets of society. Since then, regulators have pulled apps for alleged data transfer violations, shunned “misbehaving” celebrities, disciplined thousands of “self media” accounts for “badmouthing the financial market,” and barred paid private tutoring on core school subjects.

“It’s about sending a message that says to the capitalist class that … you as a businessperson are under the thumb of the state,” Atkinson said.

Paralleling the moves is Beijing’s renewed emphasis on “common prosperity,” a slogan the Party has touted since its early days as the end goal of socialism.

Xi’s recent pledges include redistributing wealth to close the yawning income gap—likely to drum up popular support as he mounts his bid for an unprecedented third five-year term late next year.

The targeted sectors have been racing to align with the Party’s decrees. Dozens of actors have signed statements supporting Beijing’s campaign. The embattled Alibaba on Sept. 3 vowed to spend 100 billion yuan ($15.5 billion) by 2025 in support of the common prosperity drive.

 ‘Rejuvenation’ Chase

Behind the avalanche of changes is Xi’s vision for a grand national “rejuvenation,” a term he invoked more than two dozen times as he spoke from the balcony atop Beijing’s Tiananmen Square on July 1 to mark the CCP’s 100th birthday.

But the rejuvenation campaign has hit some domestic roadblocks.

China’s workforce has been shrinking for years, in part due to the decades-long birth policy allowing each household to have one child only. Even as Beijing moved to a two-child limit in 2016, the costs of raising children in urban China have deterred would-be parents. China, now encouraging a third child, has called off tests for first- and second-graders and banned for-profit tutoring firms, blaming them for adding a financial toll on families. Hotlines have been set up to catch violators.

Such measures haven’t necessarily been embraced by Chinese parents, who are known for expending large amounts of time and money on their child’s education to ready them for the hyper-competitive university entrance exams.

“This is the system’s flaw, and students and parents shouldn’t be asked to bear the consequences,” Amy Ma (a pseudonym), a primary school teacher in central China’s Hubei Province who has taught for 30 years, told The Epoch Times, adding that the education policies would do little to ease parents’ anxiety about their child’s future.

For most Chinese families, the education system is “the last chance to change their children’s fate” when “the Party has monopolized all resources in society,” she said.

To boost their academic performance, Chinese kids would now have to turn to in-home tutors, Richard Zhang (a pseudonym), a division chief for a city-level education bureau, told The Epoch Times. With the tutor pool slashed as a result of the new regulations, the cost of such services could become prohibitive, he said. Thus, ultimately, it may only be rich families who can give their children a competitive edge.

 A lack of enthusiasm from Chinese millennials also is hindering the regime’s prosperity drive. A new counterculture movement called “tangping,” or lying flat and doing nothing, is catching on with young people, who are becoming increasingly dissatisfied with the exacting demands of professional and social life.

Labeled as “disgraceful” by Chinese state media—while praised as a silent form of resistance by some others—the “lying flat” approach to life adopted by many young Chinese is the exact opposite of what Xi needs to back Beijing’s ambition, Dreyer said.

“He wants to see a highly competitive society in which everyone works hard and therefore the Chinese country nation is able to eclipse the United States,” she said. “He’s not going to get it if people are going to lie flat.”

Economic Woes

A pressing cash problem is also forcing Beijing to turn on the rich, according to Antonio Graceffo, an analyst of China’s economy and Epoch Times contributor who has spent more than two decades in Asia.

The highly contagious Delta variant of COVID-19—which spread to half of China in August—has continued to challenge Beijing’s costly strategy of shutting down cities and quarantining every positive case, which has disrupted travel and dented tourism, a once booming industry contributing to roughly a tenth of China’s economy in 2019.

 Sales growth and factory output in August both hit a one-year low as authorities toughened social restrictions to curb surging virus outbreaks. China’s overall debt meanwhile grew to about 270 percent of its GDP in 2020, a jump by about 30 percent over one year.

Monthly data from August showed that one in every seven young urban workers—those aged 16 to 24—have failed to find employment. The move against the private tutoring industry has put some $140 billion at stake and triggered waves of layoffs.

Such signs suggest “the brink of an economic crisis,” Graceffo told The Epoch Times. “The money has to come from somewhere.

“I think that Xi Jinping is reaching for anything to make money.”

Attempts to stimulate growth will be further frustrated by the CCP’s practice of embedding Party branches in companies, which puts another strain on economic freedom.

“They’re not going to be making decisions based on profitability—they are making decisions based on government leaders and giving them to the Party,” he said.

Trade-Offs

Alongside such domestic challenges, the regime is facing strong headwinds from the West.

In the past year, Beijing has aggressively pushed back as Western criticism rises over the regime’s human rights record, militarism, the lack of transparency on COVID-19 origins, and its consistent efforts to cast the blame on the outside world.

Clad in a gray Maoist suit during the Party’s centennial, Xi warned that foreign forces would figuratively get their “heads bashed” if they dared to bully China.

The regime’s recent policies give off a sense of growing wariness toward Western influence.

Gone are English-language tests from Shanghai’s primary schools; in is a new course on Xi Jinping Thought—mandated from grade school through college nationwide.

 Beijing is setting up a third stock market that some analysts read as a move to financially decouple with the West. A new data law, applying to Chinese and foreign companies alike, expressly prohibits the transfer of domestic data into foreign hands and threatens to retaliate against any country using “discriminatory” measures with respect to data.

Social media channels have been purged for “reposting overseas reporting or commentary that carry distorted interpretation of China’s financial trends.”

“You don’t want people thinking about anything except the Party and how to serve the state,” Graceffo said.

According to Dreyer, the regime has decided to make a “trade-off”: Cutting English studies and private tutoring could throw millions out of work, but it also means students have more time to study Party ideology.

“Less English instruction, more indoctrination, in the long run is what China needs,” she said.

But given China’s share of global trade—nearly 15 percent in 2020, and third only to the European Union and the United States—keeping out Western influence entirely may be impossible, Dreyer said.

“You can’t divorce the technology completely from the society that produced it,” she said.

“He’s simply trying to resist,” Dreyer said, referring to Xi. “The future is not preordained, it never is.”

Eva Fu 
Eva Fu
CHINA REPORTER

Eva Fu is a New York-based writer for The Epoch Times focusing on U.S.-China, religious freedom, and human rights. 

Chinese Economy: Evergrande on the Brink

 Evergrande on the Brink  09/23

Chinese real estate conglomerate Evergrande Group faces a deadline today to make an $83.5M bond interest payment. Many investors fear the cash-strapped company won't meet the payment and will default on its debt, with a potential ripple effect on the global economy. 

The second-largest real estate developer in China, Evergrande spent the past two decades aggressively borrowing as it helped fuel the country's construction boom. In addition to prolific spending, a government crackdown on debt financing pushed the company into a cash crunch. As of June, the company had $88B in outstanding debt with 42% due within a year. Cash is so short that the company paid suppliers with unfinished apartments over the summer. Its stock price has dropped 80% so far this year, trading at $0.40 as of this morning.

Some have likened the crisis to China's version of the Lehman Brothers collapse in 2008, as Evergrande threatens to become the largest debt default by an Asian company in history. 

The company has a 30-day grace period to meet its obligation if the payment is missed.


China's Grande Real Estate Problems  09/23

Apartment building

Francis Scialabba

The business world has been captivated by the slow-moving train wreck that is Evergrande, a massive Chinese real estate developer that’s buried up to its penthouse in debt. Investors have feared that because of Evergrande’s size and interconnectedness with other companies, its impending collapse could do its best Covid impression and spread contagion across markets.

The latest: Evergrande was able to make an interest payment on a domestic bond yesterday, but the bigger question is whether it’ll be able to settle a $83.5 million bill due today. If it can’t pay up in 30 days, it could default, which might cascade across the global economy.

Why is it a big deal?

Because in China, real estate is the biggest game in town, and the town is pretty big—China is the world’s second-largest economy. In China, real estate contributes a mind-boggling 29% of GDP (compared to 6.2% in the US in 2018). Building has literally built China into the superpower it is today.

But thanks to super-low borrowing costs, the Chinese property sector has been feasting on empty calories, leading to astronomical debt loads ($300+ billion, in the case of Evergrande) and a chronic oversupply of housing.

  • There is enough empty property in China to house more than 90 million people, according to the Rhodium Group’s Logan Wright. The entire population of France, Germany, Italy, the UK, or Canada could easily fit into those empty apartments.
  • A viral video from last month shows 15 unfinished high-rise apartment buildings getting demolished in a matter of seconds.

Like an angry parent whose credit card was abused by their teenager, China’s government has recently taken steps to limit the amount of debt that property developers can take on. Letting Evergrande implode would show that President Xi Jinping is serious about this crackdown.

Bottom line: Some observers have compared Evergrande’s woes to the epic collapse of the investment bank Lehman Brothers during the 2008 financial crisis. But other experts say this isn’t a Lehman Brothers moment—it could be worse, if you view China’s gargantuan real estate sector as rotten to the core.—NF

Wednesday, September 22, 2021

The Europeans have misread Biden and misjudged Johnson

 A GERMAN VIEW ON AUKUS: 


Snookered by Anglo-Saxons: The Europeans have misread Biden and misjudged Johnson. A bad combination.

Why is the UK part of this shift, and not France? The US considers France and the EU unreliable with respect to China because of their special relationships. Germany and France have pushed the EU-China comprehensive agreement on investment just before Biden’s inauguration. Germany runs massive export surpluses with China that it wants to protect. Armin Laschet and Olaf Scholz are both in favour of extending the bilateral relationship. Europe has also left a door open to Huawei for its 5G networks. It was only the UK that really cut the links. The Chinese ambassador in the UK reacted with unbridled fury. His colleagues in Paris and Berlin, by contrast, stayed quiet. I assume that they have received reassurances through back-channels.

The UK is clearly the junior partner in Aukus. But it is the only European country the US can trust in the pursuit of its strategic interests in the Indo Pacific.

Given the quality of US leadership, I’m not sure how junior. Plus:

The UK’s strategic realignment was not inevitable. It is to a large extent the result of how the EU conducted the Brexit talks. The EU leadership never missed an opportunity to criticise Brexit. Donald Tusk, former president of the European Council, aligned himself to the second referendum campaign in the UK. The EU could have, but did not, support MPs in the UK who sought compromise, like Kenneth Clarke or Stephen Kinnock.

The second mistake, even worse than the first, was the intent to force the EU’s regulatory system on the UK as a price for a free trade deal. At no point did the EU even consider what kind of strategic relationship it wanted with the UK after Brexit. The EU let anger over Brexit get in the way over rational decision-making.

The enormous cost of this stupidity is slowly becoming apparent. The UK will not flood the EU with cheap goods, as France had feared. The UK’s strategy is more subtle. It will gradually cut off from European security policy. It will also cut off from the GDPR data protection regime and financial regulation. The UK has invested more into artificial intelligence than any EU member states. It is a permanent member of the UN security council and the G7. What on earth was the EU thinking?

And no, Biden is not going intervene on the EU’s behalf in the current standoff over Northern Ireland. EU leaders have always underestimated Boris Johnson. And they always overestimated Joe Biden.

Well, it’s easy to overestimate Joe.

Also: “The EU’s diplomacy is driven by emotion and a superficial understanding of US politics, and UK politics for that matter. Why did the EU place so much hope, so publicly, into regime change in Washington last year? Donald Trump was loud and crass, but all he ever did to the EU, other than insult them, was impose tariffs. Europe never experienced anything nearly as hostile as Biden’s withdrawal from Afghanistan or the Aukus deal. But all of this was perfectly foreseeable.”

TO BE FAIR, WHAT’S THERE TO APPROVE? Iowa back to disliking Biden, just 31% approve.

O

Tuesday, September 21, 2021

One-day Shipping, Give or Take 70 Days - STILL BROKE

 

SUPPLY CHAIN

One-day Shipping, Give or Take 70 Days



 Brendan Smialowski/Getty Images



Global supply chain update: Still broken. The queue of container ships waiting to enter Los Angeles’s and Long Beach’s neighboring ports hit an all-time high of 65 vessels this past week, and they’ll wait an average of 8.7 days to deliver their cargo.

The average transit time from China to the US is now 71 days, compared to 40 days in 2019...and you thought driving from Silver Lake to Malibu was rough.

Why it matters: These California ports are the busiest in the US, and they accept the majority of imports from Asia. A snag outside their docks signals an economy-wide slowdown in getting goods → consumers.

18 months on, Covid is still nightmare fuel for logistics

  • Shampoo: Covid-19 worker restrictions in Malaysia have caused the price of palm oil, a key ingredient in everything from biofuel to shampoo, to skyrocket as much as 70%.
  • Coffee: Travel restrictions in Vietnam are making coffee beans more expensive for companies like Folgers and Peet’s.

Looking ahead...Santa’s elves stationed at Target, Best Buy, and other retailers are scrambling for extra inventory in an effort to keep their shelves stocked for the holiday season.

Evergrande Default Could Rock China’s Entire Economy

China Default: A Big Deal! 


Evergrande Default Could Rock China’s Entire Economy

 
September 16, 2021 Updated: September 18, 2021
 

Analysis

China’s public debt already stands at 270 percent of GDP, and non-performing loans have hit $466.9 billion. In addition to existing economic challenges, real estate giant Evergrande Group has signaled that it may default on payments owed to creditors.

China’s second largest developer has been facing a liquidity crisis, as its onshore bond trading has been suspended. Without access to funding, Evergrande will find it impossible to pay suppliers, finish projects, or raise income, making default more likely—an eventuality which could send ripples through the entire Chinese economy.