Tag: China

Spike in Energy Prices Suggests That Sharp Changes Are Ahead

Yves here. Leroy R recommended the last Gail Tverberg piece, where she broadens out from her usual focus on energy to the issues of complexity and collapse. I decided to repost it because it’s meaty and thus likely to provoke a good discussion. That said, while I agree completely with her overview statement, that the […]

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Evergrande Isn’t China’s Only Economic Worry

The larger question is whether China can maintain a dynamic economy when its government, under Mr. Xi, seems increasingly intent on meddling in the market. The answer: Despite a desire for more state discipline, China has not rejected markets — dynamism will continue. Some of this state meddling is prudent. The property crackdown is part […]

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China’s Bullying Is Becoming a Danger to the World and Itself

Indeed, TSMC and its South Korean rival Samsung have the only foundries in the world able to make the most advanced 5-nanometer chips, and TSMC is expected to begin next-generation 3-nanometer chips in 2022. The smaller the chip’s transistors, the more brain power you can pack onto it. China’s biggest chip maker, Semiconductor Manufacturing International […]

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If China Tested a New Orbital Weapon, It’s Not Much of a Surprise

The news report that emerged over the weekend sounded alarming: China, a rising military power, had unexpectedly fired a novel space weapon two months ago. It circled the planet and then re-entered Earth’s atmosphere, gliding at velocities far faster than the speed of sound toward a destination on Chinese territory. As a military capability, bombarding […]

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Jim Chanos: China’s “Leveraged Prosperity” Model is Doomed. And That’s Not the Worst

Yves here. We’ve pointed out from time to time with respect to China that no large economy has ever made the transition from being investment-led to consumption-led without suffering a financial crisis. Here, short-seller Jim Chanos, who has been too early with respect to China longer than Nouriel Roubini was with respect to the global […]

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The Foreign Policy “Credibility” Argument Is, Well, Not Credible

With respect to Korea, for example, as Jonathan Mercer, the author of Reputation and International Politics, notes, for all of the Truman administration’s concerns about how U.S. “weakness” in Korea would be perceived by its European allies, the view in Europe was quite different. French leaders, for example, were more concerned “that American resolve would […]

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China’s GDP Growth Slows as Property and Energy Take a Toll

Volkswagen, the market leader in China, said on Friday that its production had been falling as the company faced an ever-worsening chip shortage and other supply chain issues. The company doesn’t have enough cars to fill customers’ and dealerships’ orders, creating a backlog. “Our priority is to work off our backlog,” said Stephan Wöllenstein, the […]

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Washington Hears Echoes of the ’50s and Worries: Is This a Cold War With China?

The White House is loath to put a label on this multilayered approach, which may explain why Mr. Biden has yet to give a speech laying it out in any detail. But his actions so far look increasingly like those in a world of competitive coexistence, a bit edgier than the “peaceful coexistence” that the […]

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Improving management everywhere

In the Indian state of Karnataka, many smallholder farmers have traditionally sold their products to intermediaries — wholesale traders who turn around and resell the goods for a quick profit. Much of the dealing between farmers and those traders has occurred locally, and farmers do not typically know what should be a “fair” price for […]

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James Bond Has No Time for China

The final James Bond outing for Daniel Craig, “No Time to Die,” also marks a notable milestone for Bondian geopolitics: The franchise just completed a five-movie arc with a single lead actor, and amid all the globe-trotting and intrigue you would barely know that China existed. Shanghai and Macau were brief backdrops, and one villain […]

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China’s Scripted Homicides Become a Popular Pastime

The murders are scripted. The money is real. In cities throughout China, young people are flocking to clubs to play a game that can be translated as “scripted homicide,” where they become different characters and spend hours solving fake murders. This macabre entertainment is expected to generate more than $2 billion in revenue this year, […]

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Sorry former Pentagon expert, but China is nowhere near winning the AI race

Nicolas Chaillan, the Pentagon’s former Chief Software Officer, is on a whirlwind press tour to drum up as much fervor for his radical assertion that the US has already lost the AI race against China. Speaking to the Financial Times in his first interview after leaving his post at the Pentagon, Chaillan said: We have […]

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Man Whose Attack on Ex-Wife Was Livestreamed Gets Death Penalty in China

A court in China gave the death penalty to a man who murdered his ex-wife while she was livestreaming, a case that shocked the country and ignited calls for better safeguards against domestic abuse. The man, Tang Lu, committed “utterly cruel” criminal acts, the court in Sichuan Province said in Thursday’s verdict, which was handed […]

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LinkedIn to End Service in China, Citing ‘Challenging’ Environment

SEATTLE — LinkedIn said on Thursday that it was shutting down its professional networking service in China later this year, citing “a significantly more challenging operating environment and greater compliance requirements.” The service, which is owned by Microsoft, said it would offer a new app focused solely on job postings in China. The new app […]

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Why American Industrial Policy Should Be Global

Globalization may have lifted hundreds of millions of people out of poverty, but to its critics, it has long been a dirty word. They associate it with enhancing corporate power, reducing the wages of workers and deepening divides between the wealthy and everyone else. During the pandemic, globalization has also been blamed for putting the […]

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Amid U.S.-China Chill, Harvard Moves a Top Language Program to Taiwan

TAIPEI, Taiwan — Harvard University will move a popular Chinese-language program to Taipei from Beijing amid a broad chill in academic and cultural exchanges between the United States and China. The program’s director, Jennifer L. Liu, told The Harvard Crimson that the move had been driven by a perceived lack of friendliness on the part […]

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W.H.O. Will Announce New Team to Study Coronavirus Origins

The new committee, known as the Scientific Advisory Group for the Origins of Novel Pathogens, will differ in several respects from the team that the W.H.O. sent to China. Because that team visited Wuhan, China had considerable influence over its membership. That is not the case for the new committee, a permanent panel that Dr. […]

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In China’s Super League, Everyone Seems to Be Losing

At least Miranda, 37, has been able to continue his career: He quickly landed a spot — and a rich new contract — at São Paulo, a team that plays in Brazil’s top division. Such an outcome is unlikely for the dozens of Chinese nationals who have gone unpaid or been cast off by their […]

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From Soda to Blackouts, A Global Gas Crisis Is Causing Havoc

China is experiencing rolling blackouts and factory shutdowns. U.K. soda shelves may soon be empty. Fertilizer plants are shutting down and slaughterhouses are growing wary of how long they can withstand periods without a crucial ingredient they need to keep up meat production.  Advertisement The common denominator between all of these strained industries is a […]

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In Shanghai, Teahouses Offer Both Community and Solitude

IN SHANGHAI — CHINA’S most technologically advanced megacity — before the pandemic, De He feels subdued, far from its raucous Chengdu predecessors. There are busier spots in town, perhaps above all the tourist-besieged Huxinting Teahouse, an ornate pavilion rising on stilts over a lake of lotuses. But among the city’s thousands of teahouses, a new […]

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Home Buyers Who Went All In on Evergrande Now Want Out

China is trying to cool its costly and dangerously debt-ridden housing market, where high prices and go-go levels of borrowing and spending are increasingly seen as a national threat. But as the troubles of a major property developer and its $300 billion mountain of debt drive a government effort to contain the peril, Beijing risks […]

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Punishment for the people

By some lights, it seems curious how authoritarian leaders can sustain their public support while limiting liberties for citizens. Yes, it can be hard to overthrow an entrenched leader; that does not mean people have to like their ruling autocrats. And yet, many do. After all, authoritarian China consistently polls better on measures of trust […]

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I.M.F.’s Executive Board Says Kristalina Georgieva Can Remain

WASHINGTON — The International Monetary Fund’s executive board on Monday expressed confidence in the leadership of Kristalina Georgieva, its managing director, following allegations that she had manipulated data to placate China when she was a senior World Bank official. The decision came less than a month after an independent inquiry commissioned by the World Bank […]

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‘This Drop Came So Quickly’: Shrinking Schools Add to Hong Kong Exodus

HONG KONG — Long before the school year began, Chim Hon Ming, a primary school principal in Hong Kong, knew this year’s student body would be smaller. The city’s birthrate had already been falling, and families were increasingly frustrated by Hong Kong’s strict pandemic restrictions and the political turmoil. Even he was not prepared for […]

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Shrinking Schools Add to Hong Kong Exodus

HONG KONG — Long before the school year began, Chim Hon Ming, a primary school principal in Hong Kong, knew this year’s student body would be smaller. The city’s birthrate had already been falling, and families were increasingly frustrated by Hong Kong’s strict pandemic restrictions and the political turmoil. Even he was not prepared for […]

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In China, Abducting Children in a Bid to Gain Custody

The men and women wrestled Wang Jianna to the ground. Holding down her legs and shoulders, they pried her 6-month-old baby from her arms and took off running. A surveillance camera captured it all. But there was little Ms. Wang could do: The person leading the abduction on the street outside her mother’s home was […]

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