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Wednesday, July 28, 2010

China's Latest Distinction -- World's Top Polluter

Here's an interesting paper, written by an expert in a leading Washington, D.C. think-tank, on China's energy consumption and environmental record. http://www.heritage.org/Research/Reports/2010/07/The-Beijing-Consensus-in-Energy-and-the-Environment The facts cited in this report refute the notion that China intends to become the world's leading "green energy" nation. Instead, China's aim is to increase its reliance on fossil fuels, which it accomplishes by buying mines and oil reserves around the globe, while builing wind energy and solar capacity only for export to Europe to America. In sum, China's plan is to use cheaper fossil fuels to stoke its own economy, while profiting by selling green energy technology to countries that make commitments to limit carbon fuels.     

2:06 pm mdt 

Friday, July 16, 2010

Will China's Economy Follow the Path of Japan?
This is an interesting take on the slump in China's stock market, from the man who predicted the burtsing of Japan's financial bubble in the 1980s -- an economic downturn from which Japan has never recovered. If he's right, China's economy is far weaker than the image projected by its state propaganda machine and cheerleaders in the West. Read it yourself:
http://www.bloomberg.com/news/2010-07-15/china-stocks-may-be-next-fallen-angel-after-record-rally-williams-says.html
The International Campaign for Tibet now has a new executive director, Mary Beth Markey. Let's hope Ms. Markey pays attention to the power of economics to change societies. The economy is China's Achilles Heel, and if we in the West put pressure on China's exports, the regime's iron grip can be broken. Tell everyone you know not to buy anything made in China.  
2:20 pm mdt 

Thursday, July 15, 2010

Is China Cooking the Books?

China just released its quarterly economic figures, and if you liked the way Enron did its accounting you'll love this. Predictably, the Chinese government reported strong growth of 10.3% in GDP for the second quarter -- but these figures are entirely inconsistent with its own inflation report! In fact, China's statistics on the economy are a maze of internal contradictions. Read this analysis to see: http://www.heritage.org/Research/Reports/2010/07/Chinas-Suspect-Economic-Data
Most economists think China faces a serious property bubble that may make the Wall Street meltdown of 2008 look minor. Meanwhile, China papers over the cracks in the facade with phony numbers. Remember -- boycott anything made in China and tell Senators Schumer and Levin you want to see punitive trade tariffs now!

6:06 pm mdt 


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