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2006-02-27 China-Japan-Koreas

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Posted by Nimble Spemble 2006-02-27 12:17|| || Front Page|| [1 views since 2007-05-07] Top

#1 The only thing rising faster than China is the hype about China.

Truer words were never spoken.

Regional data suggest that large-scale corruption rings account for 30 to 60 percent of all the cases of graft uncovered by authorities. In some of the worst instances, entire provincial, municipal, and county governments were found to be tainted.

I wouldn't let that fool me. Anyone remember JFK's electoral victories in Illinois and Texas in 1960? Entire state, municpal, and county governments were on the take in the United States well into the 70s, and that didn't seem to affect us much.

Posted by gromky">gromky 2006-02-27 13:33|| http://communistposters.com/]">[http://communistposters.com/] 2006-02-27 13:33|| Front Page Top

#2 It didn't effect us as much since we have a free market. Monopolies held by the state are very suseptible to corruption (see Oil-for-Food). The Soviet Union had a very similar problem in the 70s and along with a crumbling infastructure helped their downfall. China has a decent infastructure in the cities, but a pathetic one in the rual areas. Farmers are revolting from being screwed by government companies polluting their farms and then real estate groups pushing them out. The only thing really holding China together is the people in the cities and their easy access to lots and lots of capitalistic goods. With the 30% GDP being spent on bad loans, this is not a sustainable crutch as soon taxes will rise above what city people will be willing to pay and they start protesting too. The government will either try to run over them with tanks or cut back on loans to appease them. Both are roads to communist disaster. Once the buisnesses are cut off, they will crumble and the cities will be awash with civil unrest. China is in deep doo-doo and they may see a militaristic jont the salve to keep the country together while painful reforms are enacted.

Posted by mmurray821 2006-02-27 14:18|| 2006-02-27 14:18|| Front Page Top

#3 Its banking system, which costs Beijing about 30 percent of annual GDP in bailouts, is saddled with nonperforming loans and is probably the most fragile in Asia.

Some estimates regarding their bad debt range from 500 billion to a whopping one trillion dollars.

In Henan Province in 2003, 43 percent of local party bosses caught up in corruption were between 40 and 50 years old (as compared with 32 percent older than 50).

Henan province. Does that name ring a bell? Home to the world's largest medically caused AIDS crisis, the Henan 'bloodheads' have yet to be visibly prosecuted.

http://www.hrichina.org/public/contents/article?revision%5fid=1888&item%5fid=1887

When first publicized by activist Wan Yanhai, the state's first response was to arrest him. Slow reaction and coverup mentality allowed many of the infected plasma donors to migrate into the major urban hubs without any awareness of their infection.

China is faced with a monumental AIDS crisis the like of which only Africa has been cursed with, to date. Combined with staggering bad bank debt, shabby infrastructure (the Three Gorges Dam face is already exhibiting cracks) and a potential AIDS pandemic, China remains the pissh0le it has always been. A micron thick coating of glossy lacquer changes nothing.

Under no circumstances must China be allowed to appropriate Taiwan's fabulous wealth in order to prop up this tottering Everest of dung.

Posted by Zenster 2006-02-27 16:01|| 2006-02-27 16:01|| Front Page Top

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