It’s all About Iron

September 16, 2010

Take a look at China Page.com and see the photos of modern cities in China. Since 1980, China has rebuilt most of its established cities and added hundreds more. 

In 2004, the BBC News said, “The biggest mass migration in the history of the world is under way in China, and it is creating what some are calling the second industrial revolution.… A massive building boom umparallelled anywhere is taking place ­– last year, half the concrete used in construction around the world was poured into China’s cities.”

Concrete isn’t the only product China needs.  Iron and steel are also needed.

China is buying iron ore from around the world. In 2009, India exported 106 million tons. A July 2010 Reuters piece says, “Chinese steel producers are increasingly turning to Australia’s magnetite iron ore sector, pouring in funds to explore and develop mines once considered uneconomic…”

In 2006, China was the number one producer with 820 million metric tons of iron ore and still imported 52% from other countries like Australia (470 metric tons), India (150) and Brazil (250).  Source: Wikipedia

See Holding a Vital Key to Humanity’s Future

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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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Posted by Lloyd Lofthouse

Global Blood Suckers

September 8, 2010

It looks like Goldman Sachs & Co is under attack from the two most powerful countries on the earth.

Recently, the SEC in the United States penalized the Wall Street firm $550 million to settle civil fraud charges.

Meanwhile, in China, a book called the Goldman Sachs Conspiracy has been published and is selling well.

“The nearly 300-page, highly dramatized account covers much of the same ground as a widely cited piece by Matt Taibbi last year in the Rolling Stone magazine that portrayed the Wall Street institution as a ‘a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.’ ” Source: The Huffington Post

The Young Turks reported that Golden Sachs conspired with John Paulson, who made $3.7 billion dollars in profits when the global economy collapsed and bought into Bank of America with some of that money becoming the bank’s fourth largest investor.

According to the Young Turks, Goldman Sachs set up clients, who lost billions while Sachs made billions from the clients’ losses. 

The Young Turks read one email from a Goldman Sachs’s employee, who calls himself the Fabulous Fab. “The whole building is about to collapse anytime now. Only potential survivor, the Fabulous Fab, standing in the middle of all these complex, highly leveraged, exotic trades he created without understanding all the implications of those monstrosities.”

The Young Turks say that there will be more court cases to follow the SEC case. Maybe China will also take a few Sachs employees to court using some of Sun Tzu’s strategies and put that well-known death penalty to use.

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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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Posted by Lloyd Lofthouse

Middle Kingdom on Fashion Fast Track

September 4, 2010

Three decades ago, blue, black, gray and green clothing dominated Chinese streets. Today, individuality is the rule.

Since China is the hub of worldwide manufacturing, it is no surprise that fashion is alive and well there too. In fact, urban Chinese consumers are highly brand conscious. Even luxury brands like Christian Dior are in demand.

Fashion in China is more than a 40 billion (in US) dollar growing industry.

Forbes’ China Tracker, Avery Booker, writes about the fashion competition in China and points out that foreign retailers like H&M are wading into the Chinese market and doing well.

Meanwhile, Chinese retailers find innovative ways to compete with foreign companies by going into Chinese markets that foreign companies have not reached.

Attitudes to domestic brands have changed because state owned companies have been privatized and are producing better quality products. 

What’s interesting are the foreign faces Chinese retailers are using to sell their fashions—like Wentworth Miller of “Prison Break” as well as actor Orlando Bloom and model Agyness Dyn.

In order to promote the development of China’s fashion industry, super-model beauty contests have also blossomed.

See Disneyland Chinese Style

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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 Distribution of Wealth

September 3, 2010

Howard Steven Friedman writes in the Huffington Post about the incredible economic growth in China and the high degree of income inequality between the haves and have nots—a growing problem in America too (but Friedman doesn’t mention that).

Friedman concludes by saying, “For China to continue its growth rate, it will need to address inequality systematically and aggressively.” He mentioned large numbers of men with limited social mobility and few job or family prospects and warns that this inequality could lead to political instability and discontent.

Friedman also doesn’t mention that in the 1930s, there was a huge gap between lifestyles in urban America and the rural U.S. since only 10% of farm families had central station electricity in the mid 1930s. 

It took America forty-five years to establish a power grid in one state, Pennsylvania.  China has accomplished this feat for all of its cities in less time. Source: America Electrified — China’s Road Map

In fact, Friedman points out [without knowing it] the solution that will soften the threat of political instability when he writes, “the Chinese government is trying to modernize the countryside in an effort to quell discontent.”

China may have learned how to deal with this potential threat from the U.S. by providing the same liquid and virtual drugs.

In America, watching TV is the leisure activity that occupied the most time (almost 3 hours a day). Source: Bureau of Labor Statistics

Like many Americans at the low end of the economic ladder, guzzling beer and staring at TV sooths discontent. There is no reason that won’t work in China too.

America ranks 14th globally in beer consumption and the Chinese 36th—an area that needs improvement to numb the have-nots. Source: List of countries by beer consumption per capita

However, for those who do not calm down, there is always prison and America has the largest prison population on the planet—another role model for China to study.

See China’s Stick People

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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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China’s Changing Face – Farmers’ Friend the Organic Way – Part 3/3

August 30, 2010

“Farmer’s Friend” started in 2005 and today what they are doing is supported by the central government’s ” Urban Support for Rural Development“.

Zhou Jinzhang, the founder and president of “Farmers’ Friend”, once worked in the advertising industry.

In 2007, he quit his job and opened an organic restaurant in Liuzhou City. Forty percent of the restaurant’s profits are used to purchase organic agricultural products that support rural peasant farmers.

The cost of the organic rice is more than four times that of rice grown with the use of pesticides, which allows the farmers to earn more.

The members of “Farmers’ Friend” work together helping peasants develop organic farming and breeding.

Their goal is to have people enjoy the original tastes of food again.

“Farmers’ Friend” also continues to expand organic farming in urban areas near Liuzhou City. 

Unfortunately, too many farmers still use pesticides and chemical fertilizers seeking short-term profits over healthier long-term goals. There are still many challenges to overcome during the rush to modernize China.

See The Reasons Why China is Studying Singapore

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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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