There is this perception that the only China skeptics are foreigners. Let me tell you that is completely wrong. The debate within China is much more interesting and much more ferocious than the debate outside of China about problems with the growth model.
Michael Pettis is a professor at Peking University's Guanghua School of Management, where he specializes in Chinese financial markets. Here he talks about China's economic prospects
posted by storybored
on Oct 30, 2011 -
Special report: China's debt pileup raises risk of hard landing.
'When China announced a nearly $600 billion package to ward off the 2008 global financial crisis, city planners across the country happily embarked on a frenzy of infrastructure projects, some of them of arguable need.' 'Barclays Capital has predicted a global recession would trigger a "hard landing" in China, with gross domestic product sinking well below the 8 percent mark seen as the minimum for assuring enough job creation to keep up with urban migration. A severe economic slump would depress land sales, a vital source of funding for local governments, and make their debt load even more precarious.' [more inside]
posted by VikingSword
on Oct 10, 2011 -
Shanghai singles are using IKEA to find love.
Yes, IKEA has become a semi-public social space in Beijing and elsewhere in China (previously
), but now one Shanghai IKEA is twice-weekly "taken over by a swarm of locals between the ages of 45 and 65 who come to seek out new love over free cups of coffee — a perk offered to holders of the Ikea Family membership card — and boxed lunches brought from home."
posted by liketitanic
on Sep 8, 2011 -
Evan Osnos joins a tour group from China as they traverse Europe. In the front row of the bus, Li stood facing the group with a microphone in hand, a posture he would retain for most of our waking hours in the days ahead. In the life of a Chinese tourist, guides play an especially prominent role—translator, raconteur, and field marshal—and Li projected a calm, seasoned air. He often referred to himself in the third person—Guide Li—and he prided himself on efficiency. “Everyone, our watches should be synchronized,” he said. “It is now 7:16 P.M.” He implored us to be five minutes early for every departure. “We flew all the way here,” he said. “Let’s make the most of it.” [more inside]
posted by WalterMitty
on Jul 28, 2011 -
Two Chinese bullet trains have collided
with two coaches falling off a bridge
after a lightning strike disabled the first train and signaling failed to alert the second in time. A few months previously the railways ministry expressed
and subsequently retracted
concerns that builders had ignored safety standards to complete construction more quickly. [more inside]
posted by jeffburdges
on Jul 23, 2011 -
Agony and Ivory.
"Highly emotional and completely guileless, elephants
mourn their dead—and across Africa, they are grieving daily as demand from China’s 'suddenly wealthy' has driven the price of ivory
to $700 a pound or more. With tens of thousands of elephants
being slaughtered each year for their tusks, raising the specter of an 'extinction vortex,' Alex Shoumatoff travels from Kenya to Seattle to Guangzhou, China, to expose those who are guilty in the massacre
—and recognize those who are determined to stop it."
posted by homunculus
on Jul 16, 2011 -
[Michelangelo Antonioni's Chung Kuo] as a documentary film was one which was draped with fascination for both filmmakers as well as an audience, rather than championing anti-whatever sentiments from either side of the world. Not having seen many movies, either features, shorts or documentaries made during the Cultural Revolution era or about that era in question (propaganda included), I think this Antonioni film has more than made its mark as a definitive documentary that anyone curious about the life of the time, would find it a gem to sit through.
posted by Trurl
on Jul 11, 2011 -
"But it is the worry that the key source of corporate profitability — Chinese labor — may no longer be docile and cheap for much longer that mainly nags at the country's corporate guests as well as its rising capitalist class. And many fear that the very ruthlessness that Zizek talks about — the iron fist that the Chinese state has deployed over the last three decades in order to achieve the unbeatable 'China price' — has become a central part of the problem
posted by notion
on Jul 9, 2011 -
There are precious few 7-footers that can turn into a jump hook while chewing gum at the same time, much less make a living out of it on the pro level. Yet, there Yao was. And he would have been there, even if he was 6 inches shorter than his 7-6 frame. Maybe if it weren't for those extra 6 inches, he and his Rockets would have played into the conference finals last spring.
Yao Ming Retires from the NBA. [more inside]
posted by auto-correct
on Jul 8, 2011 -
the past 12 years have seen the warmest 10 years on record, temperatures have remained fairly steady, even while CO2 emissions grew by nearly a third. Temperatures should have been increasing during this period, rather 1998 was tied with 2010 for hottest on record. Now a study suggests why
(pdf): sulfur emissions from Asian coal plants (China mostly) are so high they mimic the effects of a volcano which can cause short term cooling by reflecting light back into space. Insidiously, the long-term warming caused by CO2 (coal) has been masked by short-term cooling of sulfur (coal).
posted by stbalbach
on Jul 5, 2011 -
Steven Aftergood at the Federation of American Scientists presents Fifty Years of Space Nuclear Power
"A plutonium fueled RTG that was deployed in 1965 by the CIA not in space but on a mountaintop in the Himalayas (to help monitor Chinese nuclear tests) continues to generate anxiety, not electricity, more than four decades after it was lost in place. See, most recently, "River Deep Mountain High"
by Vinod K. Jose, The Caravan
magazine, December 1, 2010." (MeFi previously
posted by HLD
on Jun 28, 2011 -
From steroid-spiked pork to glow-in-the-dark meat to recycled cooking oil collected from sewers: China wrestles with food safety problems.
'China's food scandals are becoming increasingly frequent and bizarre': 'In May, a Shanghai woman who had left uncooked pork on her kitchen table woke up in the middle of the night and noticed that the meat was emitting a blue light, like something out of a science fiction movie.' 'Farmers in eastern Jiangsu province complained to state media last month that their watermelons had exploded "like landmines" after they mistakenly applied too much growth hormone in hopes of increasing their size.' 'Until recently, directions were circulating on the Internet about how to make fake eggs out of a gelatinous compound comprised mostly of sodium alginate, which is then poured into a shell made out of calcium carbonate. Companies marketing the kits promised that you could make a fake egg for one-quarter the price of a real one.' [more inside]
posted by VikingSword
on Jun 27, 2011 -