Conversation—Sung Dynasty Philosophy

June 28, 2010

China may be the only ancient culture that survived the spread of Islam and Christianity and managed to hold onto its identity.

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“Guan-jiah,” Robert said, “before I came to China I read The Travels of Marco Polo. Do you know who he was?”

“No, Master,” Guan-jiah replied.

“He came to China from Europe more than six hundred years ago and served under Kublai Khan during the Yuan Dynasty. Polo wrote that Hangzhou was the finest and noblest city in the world.”

“Hangzhou was the capital of the Southern Sung Dynasty, Master,” Guan-jiah said. “I’ve heard it is beautiful. Sung philosophy says that we have the power in our minds to overcome our emotions.”

“Marco Polo believed it was God’s will that he came back from China so others in the West might know what he’d seen.” Robert turned to his servant, who was the last in line. “Do you believe in this Sung philosophy, Guan-jiah?”

Guan-jiah and Robert Hart - 19th century China

“The Sung said that if you know yourself and others, you would be able to adjust to the most unfavorable circumstances and prevail over them.”

“That’s admirable, Guan-jiah. You never mentioned you were a scholar. If the Sung Dynasty was that wise, I want to see Hangzhou one day.”

“I am no scholar, Master, but I must believe in the Sung philosophy to survive. I have read and contemplated much literature. However, I am like a peasant and have never mastered calligraphy. It is a skill that has eluded me.”

“How old were you when you studied this philosophy?”

“I was eleven, Master, two years after I was sent to Peking.”

Source: From Chapter 4, My Splendid Concubine
See The Influence of Confucius

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Lloyd Lofthouse,
Award winning author of Hart’s concubine saga, My Splendid Concubine & Our Hart. When you love a Chinese woman, you marry her family and culture too. 

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Posted by Lloyd Lofthouse

Learning from Sherlock Holmes

June 26, 2010

I was shopping at Costco and saw a piece in The (June 19) Economist about China’s secret media.  I bought a copy and read it when I got home. One of the major reasons that the Qing Dynasty collapsed in 1911 was because the Manchu leaders were out of touch with what was going on. The royal princes lived behind high walls in a fantasy world of opulent gardens. The young Emperor and the Empress Dowager lived inside the Forbidden City or The Summer Palace—surrounded by ministers who filtered the news.

Sherlock Holmes

In Chinese whispers, The Economist reveals the different layers of news in today’s China. One layer is the cleansed version for the people then there are other layers depending on how high one is in the government. Each layer appears to have less censorship. What this piece reveals is that China’s top leaders wants to know what’s going on before anyone else does.

One example would be the SARS outbreak in 2003. According to the Economist, by the time China’s leaders learned about SARS, there had already been 300 cases and 5 deaths. Two days after learning about SARS, China’s leaders told the World Health Organization. Since Xinhua’s reporters and editors do such a great job filtering the news for mass consumption, it seems that China’s top leaders have to become sleuths to discover the missing facts.

See The Collective Will

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Lloyd Lofthouse is the author of the award winning concubine saga. When you love a Chinese woman, you also marry her family and culture.

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Posted by Lloyd Lofthouse

Reading Barry Ritholtz

June 23, 2010

In “China The Black Box“, Barry Ritholtz demonstrates a better understanding of China than most I’ve read—at least in this piece.  If you are willing to sit for a long read, I suggest clicking on the link. He does a good job explaining how China’s economy works and why it may survive for some time without an economic collapse like the 2008 US meltdown.

Barry Ritholtz

In summary, Ritholtz mentions how several prominent hedge fund managers in the West have said China is making mistakes economically. Then Ritholtz says there is no way these managers know what’s going on in the Middle Kingdom since China is half capitalist and half socialist and doesn’t fit any Western economic norms.

He says China is a unique civilization state, which gives it a tremendous advantage at this stage of its economic development, because China’s citizens have a singular desire to work hard and improve their material lot. It helps that the Chinese prefer to pay cash for things instead of using credit cards as in the US.

Chinese civilization has periods of order followed by periods of disorder and since China recently emerged from two centuries of disorder, the Communist government has a long way to go before it is their turn to leave the leadership stage.

Read how others get it wrong in Belching About China

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Lloyd Lofthouse is the author of the award winning My Splendid Concubine and writes The Soulful Veteran and Crazy Normal.

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Posted by Lloyd Lofthouse

China’s Great Leap Forward (1958 to 1961) – Part 2 of 6

June 22, 2010

Mao has more power than anyone since the emperors, and he wants China to be a purer, fairer more progressive state than the Soviet Union, so the peasants were the first to benefit.

As promised during the revolution, there were land reforms. Luo Shifa, a party official in Sichuan, tells his story about what happened in 1950.  Rural landlords were judged enemies of the people and hundreds of thousands were executed.

Changes in urban areas were not as violent. The owners and managers of factories were needed to keep things running but all property was signed over to the state.  Factory and business owners  who resisted were executed.

Women were given new rights at work and in marriage and foot binding was abolished. Literacy was also important. Before 1949, illiteracy in Mainland China was 80% and life expectancy was 35.  When May died, only 7% were illiterate and the average life expectancy had increased to 55—today it is 76.

To deal with disease, the Communists launched programs to improve health care that had never existed before. Millions were inoculated against the most common diseases.

Return to Part 1, China’s Great Leap Forward or go to Part 3

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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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Betting Against China’s Housing Market

June 21, 2010

You may have seen stories or headlines predicting a housing bubble bursting in China as it did in the US. China bashers are probably praying this will happen, but don’t count on it.  Placing a bet that China is going to stop growing its economy soon is throwing money away.

The Market Oracle talks about this in “Will China Housing Market Follow the U.S. In a Mortgage Bust?” Although the Bank of China held $10 billion in US subprime assets when the  US bubble burst, Chinese banks don’t make those loans in China—the risky subprime loans to poor people with bad credit was in US. The only reason the Bank of China held those assets was that they trusted America—then.

Older Housing in China

The real estate market in China is different. Chinese families contribute and buyers often pay 30 to 50% down. Also, when the bubble burst in the US, housing loans to GDP were 79% but in China that number was 15.3%.

In fact, according to the May 29 – June 4, 2010 The Economist, about 20 – 30% of urban housing is owned by the top income earners. The rest live in free housing provided by employers or in  state owned housing with low or no rent. It also helps that most Chinese save and avoid using credit cards. Then there is rural China where 750 million live and all the housing belongs to collectives and there are no mortgages or rent.

See Greedy Buyers Beware

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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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