More than Money

March 16, 2010

The S’ung dynasty cautiously issued true-paper money in 1023, in small amounts in a limited area good for a specific time period. The notes would be redeemed after three years, to be replaced by new notes for a 3% service charge. source

Chinese money – Yuan

With the United States wanting (source) China to devalue their currency, China finds itself between a rock (1.3 billion Chinese) and a hard place (America). If China caves in and does as America wants, products manufactured in China would cost more. If that happened, demand for Chinese products from other countries would decline and Chinese people would lose jobs.

Labor unrest in China is already increasing. source People want jobs and higher pay so they can join the growing middle class and buy more things like Americans do. To get ready, China’s police  are undergoing special training to deal with expected social unrest over factory closings that have left millions of migrant workers out of jobs.

What’s happening in China today is similar to what happened in America during the 1860s and ’80s. source

It’s the same old story—the rich want to keep the money while workers want to earn more.

Discover Deng Xiaoping’s 20-20 Vision

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Lloyd Lofthouse is the award-winning author of My Splendid Concubine [3rd edition]. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

His third book is Crazy is Normal, a classroom exposé, a memoir. “Lofthouse presents us with grungy classrooms, kids who don’t want to be in school, and the consequences of growing up in a hardscrabble world. While some parents support his efforts, many sabotage them—and isolated administrators make the work of Lofthouse and his peers even more difficult.” – Bruce Reeves.

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China’s Holistic Historical Timeline

3 Comments | America, business, China, Chinese history, economy, politics | Tagged: , , , , , , | Permalink
Posted by Lloyd Lofthouse

Hitting Endless Home Runs

March 15, 2010

First home run—China is becoming the world leader in green energy. You may read about it in China Going Green.

Second home run—Although America has ample supplies of rare earth elements (in the ground) needed for high-tech products, China is the only country processing these elements. The cost to build a processing plant in the United States runs between 500 million and one billion. Source: Holding a Vital Key to Humanity’s Future

“U.S. Rare Earths’ Chief Executive Officer Edward Cowle explained that rare earth elements have become increasingly common in high technology equipment including:

  • computer hard drives and cellular phones
  • MRI machines
  • environmental products such as electric cars, wind turbines and solar panels
  • military weapons, including the electronic controls and electric motors used in missiles

“U.S.-based production for these important manufacturing and military applications may be in jeopardy because China currently supplies the majority of rare earth elements that are used in these applications.” Source: Technology Metals Research

High speed rail in China

Third home run—Now, using French, German and Japanese technology, China plans to bid for contracts to build high-speed rail for the U.S. market and is already exporting this technology to Europe and Latin America. The White House recently announced $8 billion in grants for rail projects including the high-speed systems in California, Florida and Illinois. Source: The Huffington Post

See China’s Fast Track Growth

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Lloyd Lofthouse is the award-winning author of The Concubine Saga. When you love a Chinese woman, you marry her family and culture too. This is the love story Sir Robert Hart did not want the world to discover.

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Leave a Comment » | America, business, China, economy, environment | Tagged: , , , , , , , , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

The Last Word

March 13, 2010

During the Copenhagen Climate Summit, China was criticized for not signing a pledge to reduce carbon emissions.  I don’t think China’s was ready to sign and had to go home to study the situation to see what they could do before they made a commitment.  All (take a look) of China’s politburo members, the top government body in China, are scientist or engineers.

On March 10, China told the United States to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. That was a few days after China announced it was planning to reduce its carbon footprint by 40-45% (from 2005 levels) and generate 15% of its electricity from renewable technologies by 2020.

Solar Cells

Obama, on the other hand, only pledged reducing green house gas emissions “in the range of 17%” by 2020. 

This is what I think happened after China’s representatives left Copenhagen.  Those scientists and engineers that make up China’s ruling body gathered facts, discovered what China could achieve, then formulated long-range goals. Most scientists and engineers think that way.

President Obama is a lawyer. Most of the elected representatives in America’s two houses of congress are lawyers.

See what China has been doing by reading “Health Care, Urban Real Estate and Renewable Energy Update” http://wp.me/pN4pY-er and “China Going Green” http://wp.me/pN4pY-3f

 

1 Comment | America, China, environment, government, politics | Tagged: , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

A Difference in Defensive Thinking

March 13, 2010

Teddy Roosevelt said, “Speak softly and carry a big stick.”

I’m not sure that America speaks all that softly and that stick has been around the world more than once and has been expensive.  I did a bit of virtual sleuthing and the military budgets approved by the Congress between 1946 to 2009 have cost the American tax-payer about 23 trillion dollars. These figures do not include the wars since World War II.

Korea cost more than five hundred billion (2008 dollars).
The Vietnam War cost more than a trillion.
To date, the cost of war in Iraq since 2003 has cost 747.3 billion and Afghanistan 299 billion since 2001.

China intervened in the Korean War and sent hundreds-of-thousands of troops. To understand why the Chinese got involved, hear Mao’s words during the Vietnam War. “Vietnam is the gums to our teeth. What happens when the gums are gone?” Between 1965 and 1970, over 320,000 Chinese soldiers served in North Vietnam.

China's Military

“Rather than worrying about this development, we should understand that Beijing’s maintenance of a large, modern military is driven by history.” Source: Huffington Post  “On 4 March 2010, Beijing announced China’s declared defense budget will only increase by 7.5% this year — the slowest rate in 20 years.”

To learn more, read “When the Generals Laughed” http://wp.me/pN4pY-dG

Leave a Comment » | America, China, Chinese history, government, military spending, politics | Tagged: , , , , , , , | Permalink
Posted by Lloyd Lofthouse

Are You Your Government?

March 9, 2010

Originally Published at Speak Without Interruption on February 16, 2010 by Bob Grant — publisher/editor for Speak Without Interruption. Posted on iLook China, 3/9/10 at 08:00

On October 1, 1949 the People’s Republic of China was formally established in a speech given by Mao Zedong from the Imperial Gate at Tiananmen Square. I stood at the very spot where Mao gave his speech and took the photo at the right.  From speaking with people – in China – who lived through his reign it was beyond believable.  What he put his people through is an unforgivable act of power and brutality.  However, it is images from Mao’s era that some – outside of China – still have of the Chinese people.  Nothing could be farther from the truth!

Mao Speech

I never met a Chinese government official – did not even see one at least that I can recall.  What I did meet were the people of China – the people with whom I had my business and personal interactions.  I did not ask them questions about their government nor did they ask questions of mine.  The only political statement that I ever heard was a reference that China’s policy would probably change when the younger generation came into power, someday. (for more on this topic read Changing the Guard at http://wp.me/pN4pY-e9 )

In meetings, over two years ago, I heard about the oil pipeline being built directly from Iran to China.  None of the people in that meeting expressed an opinion one way or the other regarding this pipeline.  It was a decision the Chinese government made.  Maybe my associates did not approve of dealing with Iran—maybe they did?  The point being here is their government made this decision—not my associates.

Whether the officials in power in the US are republican or democrat, they have all made decisions of which I don’t agree.  They did not consult me or ask my opinion—am I my government in these situations?

The point I am trying to make is that I found the Chinese people I met just like me in a lot of respects.  I enjoyed doing business with them – learning their culture – and becoming their friends.  No government – or its actions – is ever going to change that for me!

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Posted by Lloyd Lofthouse

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