Sunday, November 30, 2008
According to the Associated Press, organized gambling on horse races has returned to mainland China for the first time since the ruling Communist Party seized power in 1949. This is occurring in the central city of Wuhan in Hubei province. The Communist Party made gambling illegal because they thought that it was a major vice and no citizen should not have vices, but only dedication to the state. However, gambling is very popular off the mainland in Hong Kong and in special economic zones such as Macau. I think you can interpret this as a continuation of China's movement towards a capitalist economy. New types of markets that are created because of economic development are a by product and this is something that China will have to deal with because this is a consequence of development. It will be interesting to see how China deals with these non-traditional markets that will develop out of the expansion economically.
China & Pollution
According to the Associated Press, China's Yellow River is heavily polluted by industrial waste and unsafe for any use. The article states that one-third of the river is polluted. This has caused water levels to drop in the river over the past several years. I would argue that this points to one of the problems of China's rapid economic growth. Because of the rapid growth of China's industrial economy it has not let the environmental controls to caught up at the same speed. I think this goes back to the old argument that environmental controls and economic growth don't go hand and hand. The reason being is because some would say that environmental controls would hinder economic growth. So it will be a continuing problem that China and world will have to solve.
Wednesday, November 26, 2008
China's Economic Slowdown
China's industrsy has finally taken a big hit while there has been a global economic slowdown. China's industrial growth kept on getting bigger and bigger, until just recently when the companies were forced to lower production. The New York Times reports that one of the main reasons China's having this issues is "The American recession is one big reason China’s epic economic growth is imperiled: as Americans buy less, China sells less." With America being one of the largest consumers of China's material, when they spend less China makes less. Some of the biggest projects in China, are slowly coming to a complete stop because of lack of funding. China reports that the laying off of workers in now in their immediate future. The government is trying to step in and prevent this economic slowdown by passing a 586 billion dollar stimulus package, but the effects of this package have yet to be seen.
Tuesday, November 25, 2008
China will not experience Deflation
According to Forbes.com, China's economy will not experience deflation. Deflation happens when money supply increases and consumer price inflation falls at the same time in stagnant economic growth, but China has not shown such signs. The chief economist at the State Information Centre, stated that the economic slow down will come at the end of 2009. China's economic growth slowed to 9.0 percent in the third quarter against 10.1 percent in the second, hurt by the global credit crisis and a weak property sector, leaving the economy on course for its first year of single-digit expansion since 2002 according to the article in Forbes. However, does this mean that if the economic slow down will only last until late 2009, will that have the same effect around the world in countries like the United States? Lets just hope this economic crisis does not last long at all.
Obama Administration and China
It will be interesting to see how the relationship between the United States and China will evolve over the next 8 years. The United States is coming out of an administration that advocated a unilateral foreign policy agenda. It will be interesting to see if the Obama administration trys to engage China in some of those more global issues that President-Elect Obama wants to take on. From the crisis in the financial markets to global climate change, China and the United States are the top two nations on these issues and it will be interesting if the Obama administration will try to work with China more multilaterally or will they revert back to the Bush administration policy of go it alone. I think the Obama administration will be welcoming China to help them solve these problems.
Monday, November 24, 2008
New talks set in China on N. Korea’s nuclear program
Six nations will meet in China on December 8th to discuss North Korea's nuclear program. The United States, Russia, Japan, South Korea and China want North Korea to abandon its nuclear ambitions. On November 12th, the negotiations were stalled when North Korea did not allow international inspectors to remove samples from its Yongbyon reactor.
Also discussed was how the Asian nations assured Washington that in 18 months, the global crisis can be overcome.
http://www.buffalonews.com/180/story/503267.hmtl
Friday, November 21, 2008
Environmental Effects of Energy Usage in China
China’s astounding advance into the realm of the global economic superpowers over the past decades has had immeasurably far reaching implications for China’s own citizens and for the rest of the world. And their sustained economic vibrancy continues to shape numerous facets of today’s global society. In only thirty years, China has witnessed a tenfold increase in its GDP. Between the years of 2003 and 2004, the already-expanding value of China’s industrial enterprises was enlarged by an impressive 16.7 percent. (AllCountries.Org) Climbing alongside China’s impressive industrial growth is its population growth. The country currently boasts approximately one©fifth of the world’s population. While there are certainly many benefits stemming from China’s growth in the realms of both economy and population, there are just as many or more negative consequences to be noted. One of the most critical is energy usage, and the host of environmental problems that are caused by its abuse.
There are several characteristics of China’s energy usage that cause it to be problematic. First of all, China’s main source of energy is coal. As coal is a fossil fuel, it emits greenhouse gases when it is burned. Many of these gases are oxides of nitrogen and sulfur, and hydrocarbons. When particles of these gases interact with light from the sun, they create ozone, a gas which then becomes trapped within the earth’s biosphere. All fossil fuels produce greenhouse gases when they are burned, but coal is the “dirtiest” of the fossil fuels; it contributes the greatest emission of ozone. Ozone has adverse effects on human health, specifically respiratory health. Already, many Chinese suffer from respiratory ailments. In higher concentrations, ozone can even hinder many of the processes associated with plant growth, and subsequently agricultural production. Clearly, both of these scenarios would be devastating for China. Widespread physical maladies and agricultural degradation are certainly not conducive to maintaining a healthy population and a healthy economic growth rate.
If the only issue at hand were the fact that China’s main source of energy is coal, the situation would probably be far less urgent. But the crux of the problem lies within the fact that China’s usage of coal is overall extremely inefficient, and extremely liberal. Beginning in the Mao period, China began its rapid ascent into the industrialized realm, and it hasn’t really slowed down since. In the early days of China’s industrialization, the market was heavily controlled by the government. The main objectives of the government/the communist party were to increase output and expand industrial growth. They basically exploited every available resource to achieve these goals. And they used whatever they needed in excessive quantities. The environment, ergo the resources being used, were viewed as things placed there for the benefit of humans–things to be harnessed and exploited. Therefore, no real infrastructure was ever developed by the government to replace or conserve any of the resources that were taken. This lack of infrastructure remains today, despite the fact that the government is markedly less involved in the economy.
There are several characteristics of China’s energy usage that cause it to be problematic. First of all, China’s main source of energy is coal. As coal is a fossil fuel, it emits greenhouse gases when it is burned. Many of these gases are oxides of nitrogen and sulfur, and hydrocarbons. When particles of these gases interact with light from the sun, they create ozone, a gas which then becomes trapped within the earth’s biosphere. All fossil fuels produce greenhouse gases when they are burned, but coal is the “dirtiest” of the fossil fuels; it contributes the greatest emission of ozone. Ozone has adverse effects on human health, specifically respiratory health. Already, many Chinese suffer from respiratory ailments. In higher concentrations, ozone can even hinder many of the processes associated with plant growth, and subsequently agricultural production. Clearly, both of these scenarios would be devastating for China. Widespread physical maladies and agricultural degradation are certainly not conducive to maintaining a healthy population and a healthy economic growth rate.
If the only issue at hand were the fact that China’s main source of energy is coal, the situation would probably be far less urgent. But the crux of the problem lies within the fact that China’s usage of coal is overall extremely inefficient, and extremely liberal. Beginning in the Mao period, China began its rapid ascent into the industrialized realm, and it hasn’t really slowed down since. In the early days of China’s industrialization, the market was heavily controlled by the government. The main objectives of the government/the communist party were to increase output and expand industrial growth. They basically exploited every available resource to achieve these goals. And they used whatever they needed in excessive quantities. The environment, ergo the resources being used, were viewed as things placed there for the benefit of humans–things to be harnessed and exploited. Therefore, no real infrastructure was ever developed by the government to replace or conserve any of the resources that were taken. This lack of infrastructure remains today, despite the fact that the government is markedly less involved in the economy.
Thursday, November 20, 2008
Just Do It???
When the chairman of the shoe companies fled the country with his debts, he created a plethora of problems for the employees for the shoe factories. Several thousands lost their jobs as the company went without orders for a good amount of time. The economy slow down has closed down 67,000 factories in China. This is a major concern for China's economy for the future.
- Cole
References:
http://www.nytimes.com/2008/11/14/world/asia/14china.html?ref=world
- Week 12
- Cole
References:
http://www.nytimes.com/2008/11/14/world/asia/14china.html?ref=world
- Week 12
Burning Economy
China's use of coal is hurtful. Last year alone, according to BBC News, 3,800 people have been hurt this year and many many more in 2007. This article claims that China needs to find more environmentally safe forms of energy. The coal is hurting the land, as it makes the land more alike to being a desert. I can readily see why they should do so, as with that many injuries a year, coal mining is not only damaging to the earth, but it is dangerous for the people working it.
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7694014.stm
- Week 10
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7694014.stm
- Week 10
Wednesday, November 19, 2008
Blog POLS 365- Obesity
When comparing the food in the U.S. versus the food in China, there is no comparison. The U.S. consists of deep fried balls of carbohydrates sprinkled with sugar. Chinese food is filled with color, vegetables, and proteins. No wonder the U.S. is one of the most obese nations in the world! We teach our children to eat french fries as opposed to broccoli and carrots. Chinese food has more vegetables, less oils, less fat, and perhaps it is less safe. You must be careful when eating in China, BUT overall, it is much more healthly. It seems rare to find to an overweight Chinese person, where the average American is overweight. That is just plain sad! Protein, veggies, few fats, fruits, rice, grains, these are the things we preach in every nutrition class, yet we see them modeled by the Chinese and not the Americans. How about that?
Blog POLS 365- Bail out
The U.S. economy is in endless discussions to bail out the very troublesome economy. Stock markets have plunged lower than they have in decades, and unemployment rates are rising higher and higher. I've seen it happen at my own company. The economy is affecting everyone's household. Who is coming to our rescue? China. China, while being affected by the U.S. economy, has stepped up to offer to U.S. bail out money! There is no such thing as free lunch, so what does this mean for the future of these two countries? We are now in debt to China. Maybe its as simple as one friend letting another friend borrow money. Afterall, China needs U.S. to purchase all of its' goods!
BLOG POLS 365- Holidays
"It's Beginning to look a lot like Christmas, everywhere you go..." says the famous Christmas song by Johnny Mathis. The United States is gearing up the holiday season with turkeys, shopping, trees, lights, decorations, etc. Do the Chinese have holidays that are as extreme as the ones in the United States? I'm sure they have some sort of equivalent to an independence day, but what about Halloween, Thanksgiving, and Christmas? If there are Christians, I'm sure there is a Christmas, but do they celebrate the same way that Americans do? I find it hard to believe many countries do it the way we do. I love Christmas, I'm listening to Christmas music right now, I wonder if anyone in China is doing the exact same thing!
Blog POLS 365- Corruption
China is far more corrupted than the United States. In fact, it is known for being a corrupt government. How can a government run while being corrupt? For that matter, how does the country have any faith in its' government when they are aware of the fact that it is so corrupted? In the United States, I'm sure there has been some sort of corruption, but overall we are pretty clean. Nixon resigned after the Watergate Scandal, and Bill Clinton was impeached after an extramarital affair. Should our country criticize our presidents so closely, or is it China that needs to somehow buckle down on its' corruption?
Blog POLS 365- presidents pay
I was shocked by something I heard in class the other day. The Chinese presidents makes a considerable amount more than the president of the United States! How is this possible? A U.S. president is truly the only figure head for the entire country. He is the ambassador from the U.S. for the rest of the world. In China, the party has just as much control as the government. I totally agree with the fact that the Chinese president makes a large sum of money. What I am disconcerted by, is the fact that the U.S. president doesn't make more. MOvie stars, singers, athletes, Oprah, all make MUCH MUCH MUCH more than the actual president of the United States! Is the joke on us?
Blog POLS 365- Obama
We now have a new president elect, Barack Obama. The first time in history there has ever been a black president. It is supposed to be a time of change, and it's a change I'm definitely excited for! My only thought is, what does the rest of the world think of the historical changes in the U.S.? Has Obama met with the president of China? I am very curious to hear what the rest of the world is thinking. Perhaps they're just as excited as a lot of the country! Maybe the economy will finally get better!
Healthy China
China is aiming to launch a plan that would have full health care for its 1.3 billion people. This plan is called Healthy China. Currently, according to this article, China falls far behind in its ability to take care of its people. One in ten get treated properly for things such as a high blood pressure. China has a long way to go before it can fix this problem.
- Cole
References:
http://news.bbc.co.uk/2/hi/health/7679162.stm
- Week 9
- Cole
References:
http://news.bbc.co.uk/2/hi/health/7679162.stm
- Week 9
Car Rules
These new car rules that China are trying to implement, are rules that are supposed to help clear up Beijing's skies. According to official figures, the plan will reduce traffic by 6.5% and take about 800,000 cars off of the road. I don't know how efficient this plan will be. It will be interesting to follow up on.
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7666563.stm
- Week 8
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7666563.stm
- Week 8
Milk Inspectors
China recently deployed the use of 5,000 inspectors on the milk industry. So far, over 53,000 people have become ill from milk products. Several countries are pulling all Chinese dairy products from their shelves. South Korea, for example, did so after finding 1o products including melamine.
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/948332.stm
- Week 7
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/948332.stm
- Week 7
Tragedy Strikes the mines
A gas eruption in one of the mines in China spells trouble for about 158 miners. So far, 60 have already been found to be dead and another 100 are missing. Also, 83 injured members have been pulled out so far.
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/948332.stm
- Week 6
- Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/948332.stm
- Week 6
Tuesday, November 18, 2008
53,000 Children
What does 53,000 people poisoned by milk mean? It means a lot of trouble. I believe that the Chinese milk industry is looking at a lot of problems over the next several months. Milk is in several every day items including; chocolate, ice cream, yogurt, and cheese.
-Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7628622.stm
Week 5
-Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/7628622.stm
Week 5
Permanant Birth Control
China has just mandated to make the one child per couple law permanent. What does this mean for the young Chinese women? I believe that we will be seeing a lot more orphanages, third trimester abortions and adoptions outside of their country.
-Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/941511.stm
Week 4
-Cole
References:
http://news.bbc.co.uk/2/hi/asia-pacific/941511.stm
Week 4
Record High Surplus
China has had a record high trade surplus for three months in a row. What does this mean for the rest of the country. Will this have a positive impact or a negative impact? I don't think that the effect will be negative and their growth in surplus will only help the rest of the world, as they will be able to purchase more foreign goods.
-Cole
References:
http://news.bbc.co.uk/2/hi/business/7721411.stm
Week 3
-Cole
References:
http://news.bbc.co.uk/2/hi/business/7721411.stm
Week 3
Chinese Astronaut
The Chinese's ability to place a person in space has shown just how far China has come in the past decade. According to BBC News, China is going to build a space station over the next several years and is one of their major ambitious projects currently.
-Cole
References:
http://news.bbc.co.uk/2/hi/science/nature/7637818.stm
Week 2
-Cole
References:
http://news.bbc.co.uk/2/hi/science/nature/7637818.stm
Week 2
Cybersquatters
What kind of effect will the ban on cybersquatters have on the Chinese people? More than likely, it will have a very beneficial effect. The main problem that cybersquatters create is confusion as to locating the actual websites that they are trying to locate. I believe that this cybersquatter ban will be great for the Chinese and bad for those monopolizing the webhost sites.
-Cole
References:
http://news.bbc.co.uk/1/hi/world/asia-pacific/897413.stm
Week 1
-Cole
References:
http://news.bbc.co.uk/1/hi/world/asia-pacific/897413.stm
Week 1
China’s Stock Index Plunges Most Since June on Growth Concern
Chinese stocks dropped in its worst decline since June, prompting major concern for the well being of the country's economy. This development shows that the global recession is having an impact on China, which is the world's fastest growing major economy. Investors are currently not investing as much. In response, China has developed an economic stimulus plan.
China Shenhua Energy Co., Jiangxi Copper Co., and Aluminum Corp. of China Ltd. all fell yesterday.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2SMWycMnKbA&refer=home
China Shenhua Energy Co., Jiangxi Copper Co., and Aluminum Corp. of China Ltd. all fell yesterday.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2SMWycMnKbA&refer=home
Monday, November 17, 2008
China increases sphere of influence into Latin America
According to the Assoicated Press, China will launch Free trade talks with Costa Rica in Janurary of 2009. China's trade with the region has jumped from $10 Billion dollars in 2000 to $102.6 Billion dollars as of last year, which had made China Costa Rica's second most important trading partner. Other countries in the region that China has discussed Free Trade agreements with are Chile and Peru. This speaks to China's growing sphere of influence over world economic affairs. Its ability to gain trading allies will further strengthen China's economic juggernaut and its growing status on the world's stage.
China's Military Advances
In what might be a reaction to the US's and Taiwan's arms deal, China might be building an air carrier for their navy. The New York Times reports that "A high-ranking Chinese military official has hinted that China’s fast-growing navy is seeking to acquire an aircraft carrier." While China is still a very underdeveloped military power, the move to add an aircraft carrier would defiantly strengthen their navy. While China declares that it's air carrier would only be used for defensive purposes, there is no doubt that this move would make China a military factor in the Pacific Ocean. This move will no doubtably strain the relations between the US and China even more then it is.
Tuesday, November 11, 2008
China shares fall as stimulus plan optimism wanes
Some investors have pulled out of China's stock markets as the country prepares for its economic stimulus package. China is beginning to feel the effects of a slowed down global economy, hence seeks to enact a plan to improve infrastructure in the country. The Shanghai Composite Index was down 1.7 percent and Shenzhen Composite Index was down 0.6 percent.
Various investors may want to see what will happen in the months that come as the stimulus takes effect before reinvesting. Thus this is the reason why China is experiencing a slight setback in terms of investment.
http://ap.google.com/article/ALeqM5UwglaVKa4rA8T7IZA0w4hBgKnrgD94CLA080
Monday, November 10, 2008
China's own Stimulus Package
With many of the top economies around the world struggling to get out of the current economic crisis, they have had to relied on the governments support to bail them out of this fiscal mess. China has had to do the same. Like the United States, China has implemented a four trillion yuan or $586 billion stimulus package to jump start the Chinese economy. Chinese stocks have lost about two-thirds of their value since reaching highs in October, 2007, and have been among the worst performers in the world this year. The Main concern that China has is that they fear a slow down in the demand for their exports. China like many economies around the world are facing this economic crisis together, and it proves the point that we are now in an interconnected age where our spheres of influence not own extend to our own borders, but all nations around the world.
China Proposes Economic Plan
With the current state of the world economy, China has decided to enact a broad stimulus package that, will in theory, not only help their slowing economy, but also help to jumpstart the global economy. The New York Times reports that China will "spend an estimated $586 billion over the next two years — roughly 7 percent of its gross domestic product each year — to construct new railways, subways and airports and to rebuild communities devastated by an earthquake in the southwest in May." This huge investment in infrastructure would not only improve the quality of infrastructure in China, but also create many jobs for this extensive effort. China is trying to be proactive and not enter into a recession like the United States and some of Europe have encountered. Many analyst are suprised by the size of the package that China has approved. While some analyst still remain skeptical on whether such a plan will work or not, many Chinese officials are projecting huge economic gains from such a plan, and they belief that this plan is just what China needs to get back on track.
Saturday, November 08, 2008
China's reaction to U.S. elections
Overall, the Chinese government had a relatively calm and even reaction to the results of the U.S. presidential election. Although, some leaders are somewhat concerned that President-elect Obama will challenge China with tougher trade policy regulations. This could be why, among Chinese citizens and youth, Obama's victory was far more celebrated than among government officials. Stricter trade regulations would translate to more benefit for common workers than it would for people higher up in the economic and political realms.
But most Chinese, even leaders are not concerned that Obama's policies will negatively impact them economically. They are probably aware of the intimate connection their economy shares with that of the U.S., which means that neither can really risk to do anything that would substantially offset the other.
(Source: No Strong Reactions from China's Leaders, Washington Wire)
But most Chinese, even leaders are not concerned that Obama's policies will negatively impact them economically. They are probably aware of the intimate connection their economy shares with that of the U.S., which means that neither can really risk to do anything that would substantially offset the other.
(Source: No Strong Reactions from China's Leaders, Washington Wire)
Thursday, November 06, 2008
China urges U.S. to be careful on Taiwan
On Thursday, China has reminded America that proper handling of the "Taiwan issue" is key to good relations between Beijing and the United States. China wants newly elected president Barack Obama to stop selling weapons to Taiwan.
Obama supports arms sales to Taiwan and this may be a source of future friction between America and China. In recent years, Taiwan's status has been the biggest issue regarding American-Chinese relations. China's position on the matter remains the same. The idea of one-China still is the prevailing thought. Obama wants both sides to peacefully settle their differences but in the future, something will have to give.
http://www.reuters.com/article/vcCandidateFeed2/idUSTRE4A54QO20081106
Tuesday, November 04, 2008
Chinese Regulators destroy Melamine tainted goods
I was amazed at the amount of food that the Chinese government had to lay waste to for the additive toxin melamine. Melamine is a crystal-like organic compound that is commonly found in plate ware, plastics, and counter tops. After water was added to enhance the volume of milk, the protein content of the milk was greatly diluted. To test for the protein levels, the milk is checked for it's nitrogen levels, which is elevated back to satisfactory with the addition of melamine. This additive has caused the illness of over 50,000 infants and the death of at least four. It makes one wonder what they eat or drink after hearing about something alike to this. How would you like to try drinking your coffee mug along with the coffee? I sure wouldn't.
- Cole
References:
China:
http://www.nytimes.com/2008/11/03/world/asia/03china.html?_r=2&ref=asia&oref=slogin&oref=slogin
Melamine:
http://topics.nytimes.com/top/reference/timestopics/subjects/m/melamine/index.html?inline=nyt-classifier
- Week 11
- Cole
References:
China:
http://www.nytimes.com/2008/11/03/world/asia/03china.html?_r=2&ref=asia&oref=slogin&oref=slogin
Melamine:
http://topics.nytimes.com/top/reference/timestopics/subjects/m/melamine/index.html?inline=nyt-classifier
- Week 11