Showing posts with label China. Show all posts
Showing posts with label China. Show all posts
The Grinches of the Far East
Those wicked Chinese! According to this vigilant piece at The Week, if you can't afford as many Christmas gifts as you'd like this year, it's all their fault. And why? Because greedy Chinese workers are getting paid more than they used to.Economists note that labor costs in China have been on the rise for years, but they are now reaching a point where exporters can't simply absorb them and
The Grinches of the Far East
Those wicked Chinese! According to this vigilant piece at The Week, if you can't afford as many Christmas gifts as you'd like this year, it's all their fault. And why? Because greedy Chinese workers are getting paid more than they used to.Economists note that labor costs in China have been on the rise for years, but they are now reaching a point where exporters can't simply absorb them and
Every Knee Shall Bow and Every Tongue Confess the Name of Nike
Today I'm reading China in Ten Words (Pantheon, 2011) by Yu Hua. Born in 1960, Yu grew up during the Cultural Revolution in conditions of moderate poverty (which means he was hungry most of the time, but not hungry enough to die of it), though both his parents were medical doctors. In these essays, he contrasts his memories of China's recent past with its drastically changed present, but he's
Every Knee Shall Bow and Every Tongue Confess the Name of Nike
Today I'm reading China in Ten Words (Pantheon, 2011) by Yu Hua. Born in 1960, Yu grew up during the Cultural Revolution in conditions of moderate poverty (which means he was hungry most of the time, but not hungry enough to die of it), though both his parents were medical doctors. In these essays, he contrasts his memories of China's recent past with its drastically changed present, but he's
The People's Democratic Republic of Luna
One of the latest viral memes is this photo from China:It's drawn a lot of attention in the West, like this article at Salon by Drew Grant, "North Korea, most of Asia terrible at Photoshop." They're not too terrible, since the North Korean photo Grant reproduces was picked up by the Associated Press and only disavowed a day later.Not only that, but Chinese Photoshop mavens (among others) are
The People's Democratic Republic of Luna
One of the latest viral memes is this photo from China:It's drawn a lot of attention in the West, like this article at Salon by Drew Grant, "North Korea, most of Asia terrible at Photoshop." They're not too terrible, since the North Korean photo Grant reproduces was picked up by the Associated Press and only disavowed a day later.Not only that, but Chinese Photoshop mavens (among others) are
China buying Gold hand over fist
The Chinese worried about a possible U.S. default are buying gold and silver hand over fist . The Chinese rush to Gold alarmed by the fear of the U.S. default , Gold is The traditional safe by excellence in times of uncertainty in the currency markets, with the extreme volatility of bank stocks and the fear of sovereign debt defaults (those whose bonds were issued by domestic banks are likely
China and India demand for gold and silver soaring
China and India are the largest silver marketplaces globally.Demand for gold from India , the world's largest buyer of the precious metal is projected to exceed 1,200 metric tons by 2020, according to the World Gold Council .In 2009, China bought more gold than India, making it the world's top consumer. China pipped South Africa in 2007 as the world's largest gold producer .Chinese demand for
China buying all the gold she could lay her hands on
NEW YORK (TheStreet) -- George Milling-Stanely, managing director of the World Gold Council, breaks down China's buying patterns and if the country would get on a gold standardThere's been a lot of chatter in the gold community about China and getting on -- gold standard. Currently China Central Bank only has 1054. Tons of gold in its reserves so. Is China actually buying gold They've been buying
China dumping worthless FIAT Money for Gold
The Chinese population and government are dumping the worthless paper currencies of the world, which their governments just magic from nowhere, and dumping guilts, and are instead investing in gold. No matter what the price of gold is, one thing is certain, you can't print more of it like Western governments have done to their paper currencies.
A Commitment to Transparency
This morning I was listening to NPR's "Wait, Wait, Don't Tell Me," and they mentioned that a cable released by Wikileaks had indicated that China shut down Google because some Chinese official googled himself and found unflattering remarks about his august self. So much for many right-wing frothers' accusation that Wikileaks doesn't and wouldn't publish material that would embarrass Russia or
A Commitment to Transparency
This morning I was listening to NPR's "Wait, Wait, Don't Tell Me," and they mentioned that a cable released by Wikileaks had indicated that China shut down Google because some Chinese official googled himself and found unflattering remarks about his august self. So much for many right-wing frothers' accusation that Wikileaks doesn't and wouldn't publish material that would embarrass Russia or
China Goes for Gold
China Goes for GoldGold demand will continue to increase as China's central bank supports an expansion of the gold market. Don Dion currently Holds IAU and GDXWed 08/04/10 06:00 AM EST -- Don DionStocks in this video: GDXJ | KGC | IAU | GDX
Gold rush in China is pushing the Gold price to all times high
Chinese love GOLD May 18, 2010 — China is now the number one consumer of Gold , and it is not just consumers , the central bank of china is quietly building up its reserves moving away from Euros and Dollars into hard assets like Gold ...and to meet this demand for gold China is opening new mines every month to the point that China now eclipsed south africa as the gold's first producer ,
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