Archive for the ‘Social Media & Media’ Category

Not only fashionable, but she’s brilliant, artistic, talented, sexy, amazing and well my list of adjectives could go on …

“Today over two-thirds of foreign manufacturing in China is for the domestic market.” “The second wave of FDI is characterized by a two-fold shift:  from low knowledge base industries to medium and highly knowledge-intensive industries and geographically from the coastal and southern areas of the country inward.”. 

These seem to indicate a less coastal bound stage of development and a more domestic as opposed to export oriented economy than most other observers have reported.  Are these trends clear at this time and how certain are you of this change in economic development?

statistics only present part of the picture, and that it is necessary to take into account the whole picture that emerges, rather than just the slice presented. In this specific case, the fact that a lot of manufacturing is destined for the domestic market is only a sign of that market’s strength and size, and the collapse in global demand, especially from the first world. 

With regard to the shifts from low to high knowledge bases and from the coast to the inland, those are gradual trends which will take some time to be visible on a macro-level.  

“the non-state sector, which consists of private companies, self-employed businesses, shareholding corporations, joint ventures with foreign investment, and community-owned rural industries, how different is China today than many European countries in terms of state control and state intervention in the economy?

In fact the recent Party Congress in Beijing acknowledged this in allowing members of the private sector to come into the Standing Committee. This is a huge step forward, and does indicate a trend towards a more open, diverse economy.
While it is too early to say, it is possible to imagine a situation in which the Chinese economy is as diverse and possibly more flexible than  some of those in Europe today. 

all of you discuss the current weak banking sector in China but all of you conclude that although the current situation is unfortunate and even worrying, none of you believe that it will likely lead to a major banking crisis.  why do your all seem so confident that the problem is solvable?

While we cannot speak for the others, we attribute our confidence primarily to two factors. The first is that the problem is critical but will only have the possibility to “blow up” and instigate a large scale collapse in the medium term. The problem is definitely fundamental to developing a healthy functioning economy, but in the short term, China can get by, by “muddling through”. The second factor is that China is doing much more than just “muddling through” the problem, by pinpointing the sources of the problem and beginning to address those, even when politically dangerous (e.g. with corruption).   

Recent events in China, especially in the creation of a regulatory body specifically to oversee the banking sector, confirm that China is moving in the right direction.

The weakness of China’s current stock market in promoting corporate development and the problem with so much credit going to the state sector and sets out his prescription for China’s resolution of this problem by what he calls “a financial big bang.”  Could you explain exactly what this is and whether you both agree with Mr. Xie as to the problem and as to his proposed solution?

forthright action is needed to create a true market economy, although for sure people will interpret “big bang” in different ways. we do agree that coordinated action commensurate to the complex and large-scale nature of the problem is needed.  Only such action will enable the government to create a financial system that is robust and flexible enough to support the growth demands of the economy.

Administrative Monopolies in China are a greater danger than corruption of government officials and each year deprive Chinese citizens of much more money and create many more opportunities for corruption.  Can you give some examples of Administrative Monopolies in China today?  Lastly, do you feel that the Chinese government realizes the danger and if so could you give concrete examples of how it is moving to resolve the problem?

administrative monopolies as one of the drains on the economy, and in this regard, we do think that they raise a significant point.
However we do also note that the government is proactively moving to dismantle these and create a more competitive framework. Its approach is pragmatic and step-by-step, and is seen in its moves to inject competition into telecom services and break up the State Power Corporation of China. These are just two examples where the government is moving ahead, and we note that it is not just the WTO .

four issues that he feels will dominate China’s agenda in the 21st Century – economic modernization, particularly through enterprise reform, the future of Taiwan, the relationship with the United States and China’s Asian regional role.  Given the fact that without further progress in the first of these issues that China’s scope for progress in the three others will be somewhat hindered,
how internal focused do you see China being in the years ahead and why?

The trend today certainly seems to be of China becoming more outward looking and active internationally.
China has taken leading roles to push the concept of free trade areas in Asia, and has also been a strong voice for multilateralism in the resolution of international disputes, for instance in Iraq and North Korea. It is increasingly aware of the weight of its presence internationally.

China’s regional role and China’s efforts to work with Southeast Asia and Japan.  To date, it seems China’s approach to Southeast Asia has had much more initial success than its “competitive partnership” with Japan. 
Why is this so and do you see room for optimism that China and Japan can truly come to a closer working relationship?

The China-Japan relationship is one of Asia’s most important relationships and yet at the same time, one complicated by economic trends and historical weight. We must acknowledge these difficulties, and also realize that there is no choice but to try to focus on those areas where it is possible to make progress, and to build trust from those points. Victor Chu names several possible areas, and these are good places to start. 

At the 2001 ASEAN Plus Three (APT) meeting (10 ASEAN countries plus China, Japan and the Republic of Korea (ROK), China and ASEAN announced their intention to establish a Free Trade Area (FTA) within ten years.  Do you see such a goal as realistic and what implications does an Asian FTA have for both trade in the region and relations with the EU and the U.S?

A free trade area in Asia would do much to solidify trade within the region and also present the region as a larger market—in consumers and suppliers—to do business with countries and firms overseas. It also makes possible the idea of an integrated pan-Asian supply chain, and could be one huge unexploited competitive advantage.

South Park (the cartoon) did a great parody of the whole User Generated Content (UGC) views with the biggest hit items. It makes you wonder what people really want as a viewer and how you can capitalize on these random acts (that was how Kyle ended it); you should watch the full episode if you get a chance.

Start Here:
South Park vs. You Tube Stars Parody
Actual YouTube Videos: Keep in mind there are multiple videos of these floating around and cumulatively they could easily be 100 Million + hits of these.

Numa Numa (29 Million+ Hits)
Chocolate Rain (38 Million+ Hits)
Star Wars Kid (13 Million+ Hits)
Dramatic Gopher – Chipmunk (15 Million+ Hits)
Afro Ninja (7 Million+ Hits)
Leave Britney Alone! (25 Million+ Hits)

Moral of this post.  Find something catchy, short and entertaining.

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