Hugh Hendry sees Food Inflation budding due to China and years of under Investment
- 8.23.10 - Citywire
- China does have a vulnerability in feeding itself.’
- Sees China buying up more tracts of land and resources in Africa. - link
- For 30 years, prices have collapsed 90% in real terms
- World has not invested in production and distribution
- China's wage inflation will lead to more calorie consumption
"Chinese Premier Calls for Further Reform"
- China Daily - link
- " Without safeguarding political restructuring, China may lose what it has already achieved through economic restructuring and the targets of its modernization drive might not be reached."
- Sees overconcentration of power can be resolved by improving institutions and the creation of conditions to allow the people to provide a check on the government
"China's Best Actor : Wen Jiabo" - New Book says Premier is No Reformist
- The Daily Caller - link
- Yu Jie, who says he was interrogated for 4 hours and threatened with imprisonment like Liu Xiabo, who received an 11 year sentence for "inciting subversion."
- Jie says the Premier's rhetoric is empty, who even if he wanted to enact change, does not have the power to do so "because of pressure from certain interest groups."
- Wen has his supporters, including a Li Datong, a veteran state newspaper journalist says Wen deserves credit for speaking about democracy and is not to blame for not having the power to enforce his policy goals
- HistorySquared notes :
- Hu evidently is calling the shots behind the scenes.
- What are his policies
China : World Map of China's Worldwide Investments
- Forbes - link
- Fascinating Map documents China's worldwide investments into private enterprises
China Wants Credit as "World Player" from US
- Article mentions dismay at the US for sending carrier to the Yellow Sea
- "To put it bluntly, Westerners very much want to shirk off their burden and let people of China carry for them. This is particularly true to the United States and its intention is obvious due to the global financial crisis and its own decline in strength.”
- From the comment secton
- "the citizens of China today is fairly nationalistic. This is probably the result of 100 years of humiliation (as noted). For the last 60+ years the textbooks have ingrained the 'humiliation' in the masses. Why do you think China is claiming sovereignty over all these territories now? It is because these were in Qing dynasty maps."
"Analyzing Chinese Grey Income" - Credit Suisse
- "Hidden Trillions Widen China's Wealth Gap" -link
- Additional Reading on the controversial report link, link, link, link
- Wang Xiaolu, the economist at the China Society of Economic Reform (CSER),
- Concludes "Average per-capital income for the richest 10 percent, at 97,000 yuan, was 65 times of that of the poorest 10 percent, Wang's survey showed -- instead of the 23 times figure given by official National Statistics Bureau's household income survey."
- Conducted study by asking friends and family members
- Grey income comes from the stock market, property deals, vast bonuses from state-owned firms with a monopoly on the market, and even large wedding and other gifts to powerful officials and their relatives.
- "Grey money is usually closely connected to the following: corruption, abuse of power, public investment, shares in land development (projects) and other monopoly interests," Wang told the Beijing Evening News.
"For Bribing Officials, Chinese Give the Best"
- 3.14.2009 NY times - link
- Louis Vuitton store sees shopping spree in marchin following two annual meetings - the National People's Congress and Chinese People's Political Consultative Conference.
- Gift giving is part of culture and relationships or guaxani
- "industry experts say gifts to government officials make up close to 50 percent of the country’s luxury sales."
- Radha Chadha, co-author of “The Cult of the Luxury Brand” and an expert on luxury brands in Asia. “Somebody else does the buying and gifts the stuff to them.”
- An entrepreneur coordinates with a public official’s staff to set up accounts at luxury stores and sends the official, his family members and mistress code names to use for each store.
- There are also middlemen who help buy the goods
- In January, a land confiscation official in the southwestern city of Chongqing was sentenced to 13 years in prison for accepting kickbacks. The government confiscated 200 pairs of luxury shoes, 100 luxury suits and a luxury car.
- “Jewelry is a favorite for people sending gifts to government officials,” said a clerk at the Jimmy Choo luxury shop in Beijing."
Disclosure: no positions