Another Opinion about China’s Trade Surplus

May 14, 2010

China has an estimated 2.4 trillion in foreign reserves and recently, there have been accusations from American politicians and in the Western media, that China has been manipulating the exchange rate and costing Americans their jobs.

In a report on Vox (Research-based policy and commentary from leading economists), Zheng Song, Kjetil Storesletten and Fabrizio Zilibotti claim they can prove that China did not gain this huge trade surplus from manipulation of the exchange rate.

Chinese Currency

Instead, they will offer proof from similar economic growth in South Korea and Taiwan that both resulted in large surpluses from trade.

The three economists wrote that in the second half of the 1980s, South Korea saw booming growth and a series of large current account surpluses. In addition, Taiwan experienced large trade surpluses in the 1980s. Since both South Korea and Taiwan are smaller than China, their trade surpluses did not draw as much attention as China’s trade surplus has.

The authors of the study concluded that the call for trade sanctions against China might be unwarranted as well as dangerous.

Read more about America’s Assault on China’s Currency.

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Lloyd Lofthouse is the award-winning author of the concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too.

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The Earth was Flat

May 14, 2010

In 1610, Galileo published Sidereus Nuncius, the Starry Messenger, about discoveries he made with his new telescope. He was attacked for his theory because it seemed to contradict Scripture.  Because of this, in 1633, Galileo was tried and convicted of heresy.

Fifteen hundred years prior to Galileo’s discovery that the earth was round and orbited the sun, there is evidence that Chinese mathematicians had calculated the size of the earth on the basis that it must have been spherical (round). However, similar to Galileo, the Chinese people would continue to believe the earth was flat for centuries.  It is possible that when Qin Shi Huangdi (259 – 210 BC), China’s first emperor, had the great book burning, he burned the evidence of earlier Chinese mathematical texts.

Chinese astronomer

In addition, older Chinese creation myths included details that accounted for the tilt of the earth and other astronomical facts.  Several existing, ancient Chinese applied mathematics texts prove the Chinese were the first to use some of the most basic and advanced mathematical principles and concepts utilized in modern times. Two of these texts are the Chou Pei and Chiu Chang.

Learn more about China’s first Emperor Qin Shi Haungdi by reading and watching this nine part series on his life.

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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.

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Debating China with Timothy V.

May 14, 2010

“Again, as I stated in an earlier comment, the Chinese students at our local university paint a completely different picture of China than you do. So considering the fact that they were born and raised there and you weren’t, I’m taking their word over yours.” Source: Timothy V.

Timothy had more to say and so did I. This post is a shorter, edited and revised version. I didn’t edit Timothy’s quote—only my words appearing below. If you want to read the entire response, go to Left of the Right and scroll down until you find Timothy V’s latest with my response following his.

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Often, when I read complaints about shoddy Chinese products in the American media, the language makes China guilty as if the government of China gave orders for that to happen. That’s not the way things work.

For example, the president of the United States and the Congress are not responsible for tainted American meats or fruits and vegetables that make people sick. Click on this link to the CDC to discover how bad it is. In the United States, food borne diseases have been estimated to cause 6 million to 81 million illnesses and up to 9,000 deaths each year.

Or what about the murder and mayhem on our roads and freeways? More people die every year in car crashes in the United States than died fighting in Vietnam for more than a decade.

Or how about unnecessary deaths in American hospitals due to greed and carelessness.  The annual number of deaths in American hospitals should shock anyone.

In fact, like America, crimes in China are often traced to one greedy person or a group of individuals and when caught they often get a death penalty or kill him or herself.

The individual in China found responsible for the tainted infant formula killed himself before the trial.

As for the few Chinese students you know at your local university—sure they grew up in “today’s” China and I didn’t, but I believe the Chinese I know, who all grew up in China, are better sources than the few you know.  Besides being married to a Chinese woman who was born in China and didn’t leave until she was in her twenties, I’ve had the opportunity to get to know and talk to Chinese people of all ages in China and America. I’ve met Chinese from many occupations in both countries. I’ve even talked to a Tibetan refugee. In addition, I talked to a retired Communist official who fought in the revolution that Mao won.

Chiang Kai-shek

There was also the eighty-year old I met in his closet-sized room in Shanghai. With my wife interpreting, we talked for hours. Prior to 1949, he had been a Kuomintang police chief in a small town. He stayed behind when Chiang Kai-shek fled to Taiwan with China’s treasury leaving the mainland broke. This former police chief was arrested in 1949 by Mao’s troops and spent half his life at hard labor in a prison camp close to Tibet. He knew about the gold from the treasury, because he was the one responsible to make sure it was loaded on the train.

He said about the prison camp, “Ten-thousand went in and five-hundred came out.” Today’s Communist government gives him a small pension—enough for rent and food. He was happy to be free again and didn’t hold grudges.

Discover more about this debate at Freedom’s Evolution

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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.

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China’s Moon Calendars

May 13, 2010

This is the year of the Tiger.  I was born in the year of the Rooster. To discover your year, use the Chinese Zodiac Sign Calculator.  Just feed in your date of birth.

Chinese Zodiac - the twelve animals

China’s ancient calendar is based on a twelve-year lunar cycle. At one time, the Chinese calendar was confusing and complex. Buddhists have been given credit for simplifying it by replacing a complex system of numerical symbols with the twelve animals of the Chinese Zodiac.   

There are several Chinese calendars, which are still in use today. Each has its own purpose. Farmers in rural China use one. There’s even a Chinese gender calendar to help conceive a boy or girl.

In addition to the lunar, numerical, astronomical, gender and agricultural calendars, each day also has a name from one of twenty-eight constellations, with a ruling spirit for the day.

In charting the sky, the Chinese divided the heavens into 28 constellations located along the Equator and the ecliptic, each named after a star in the vicinity.

Learn about adding honor in one lunar leap

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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.

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Giving up Power is Painful

May 13, 2010

Something I read this morning revealed a similarity about America and China’s governments. Break Up the Parties was in the May 2010, AARP Bulletin about ending the partisan poison that has almost caused a political cardiac arrest in Washington and Sacramento. In Washington, the suggestion was to stop seating Democrats on one side of the aisle and Republicans on the other and seat them alphabetically so they talk to each other. 

In California, Two Government Reform Measures on June 8 Ballot would end the status quo.  Instead of Registered Republican voters only voting for Republican candidates and Democrats for Democratic politicians, this measure, if passed, would open the ballot so all voters could vote for any candidate from any political party.

Gasp! California’s Proposition 14 brought Democrats and Republicans together to defeat it.

Why? For the same reason why most of the 70 million members of China’s Communist Party don’t want to hold open elections and allow all Chinese citizens to vote for multiple parties, which is restricted in both America and China since it isn’t the voters who decide the next President of the United States. The Electoral College does that. 

In case you don’t know, it was 535 handpicked, loyal registered Republicans and Democrats that elected President G. W. Bush to his first term in the White House while the popular vote went to Vice President Al Gore by more than a million. At least in China, the Communist Party has more than 70 million who take part in deciding who the eventual Presidential contenders will be.

Discover an example of how Power Corrupts
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Lloyd Lofthouse is the author of the award winning novels My Splendid Concubine and Our Hart. He also Blogs at The Soulful Veteran and Crazy Normal.

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