Tag: China

It’s a Strange Time for the West to Panic About China’s Supposed Supereconomy

 

Chinese Finance Minister Liu Kun speaks to Governor of People’s Bank of China Yi Gang and National Development and Reform Commission Vice Chairman Ning Jizhe at a conference on China’s economic development ahead of the 70th anniversary.
China’s high rate of (reported) economic growth tempts its depiction as a supereconomy that’s figured out a successful alternative to Western-style capitalism. Its ascent to 21st century global economic and technological leadership may by unstoppable, according to this view. A New Cold War is America’s best option to slow that advance, although it probably won’t work. Delay, maybe. Defeat? Good luck.

Yet to quote economist Herbert Stein, “If something cannot go on forever, it will stop.” And maybe that pithy saying offers some insight into China’s future. For instance: A new Bloomberg Businessweek story tells how “mounting discontent among tech workers could hamper the industry’s growth, creating yet another headache for the government.” With the Chinese tech sector slumping, more and more workers are less willing to tolerate “996” shift schedule of 9 a.m. to 9 p.m., six days a week, plus overtime.

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Jim Geraghty is back and firing on all cylinders for three big stories today! First, he and Greg poster dunk on LeBron James for calling Houston Rockets General Manager Daryl Morey “uneducated” for his tweet urging people to stand up for freedom in Hong Kong and suggesting such speech can be very harmful – to […]

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Let’s Troll the Chinese

 

On opening day for the NBA season, a surprisingly large number of people show up with t-shirts with Asian writing on them. Chinese, Korean, Japanese. Maybe even other Asian languages like Thai or Burmese, even though they appear nothing like Chinese; to the average security guard, all Asian languages look the same. When translated, the slogans are innocuous: “Wang Family reunion 2018,” “East Bay High School Dolphins,” “Golden State® Rocks,” “All your base are belong to us.” Some may be complete gibberish, like the random Chinese symbols tattooed on the bicep of your average bodybuilder. Everyone will be let in. After all, who’s going to hassle a cute girl with a t-shirt bearing a Hello Kitty® logo and “Why can’t we be friends” in Japanese?

And nothing happens for the first half of the game. Maybe the cameras will focus on the cute girl with the Hello Kitty® t-shirt during lulls in the game. Everything’s cool.

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‘1636: The China Venture’ Delivers Another Great Adventure

 

Eric Flint’s standalone time-transposition novel “1632” proved so popular it metastasized into a series of some 30 novels and 12 collections of short stories.

The premise is a small town in West Virginia gets transposed in time and space with a similar volume from 17th century Thuringia in Germany. At the height of the Thirty Years War.

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Chad Benson, host of “The Chad Benson Show,” and Greg Corombos of Radio America serve up your Columbus Day martinis while Jim is away basking in a New York Jets victory. They start by getting a kick out of Bernie Sanders once again trying to drag Democrats to the left by telling ABC News the […]

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Happy Friday! We’re finally back to our usual format today, so join Jim Geraghty of National Review and Greg Corombos of Radio America to wrap up the week in style. First, they nod along as Vice President Mike Pence asks the media why they suddenly don’t care about foreign meddling in the 2016 campaign now […]

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ESPN and ‘The Map’

 

The other morning, ESPN was reporting on the Chinese/NBA flap and used a map that shows nine dotted lines that encompass Taiwan and other territorial claims of the Communist Chinese that no other nation recognizes.

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It’s one thing to keep politics out of games, which I am still a proponent of doing. It’s another to unfairly and harshly punish voices that speak out against corruption, against abuses of human rights, and freedom…. But enough is enough. I stand with Hong Kong, and I oppose Blizzard’s obvious and laughably transparent fear […]

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Hey, we finally we have a good martini and it only took us until Thursday! Today, Jim Geraghty of National Review and Greg Corombos of Radio America appreciate a bipartisan group of lawmakers blasting the NBA for kowtowing to China. They also slam the Biden campaign for whining that the New York Times is making […]

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Is Free Speech Compatible with Free Trade in China?

 

American populists already blame free trade for costing their country jobs and industrial might. Now they blame it for curtailing freedom of speech. The argument: If the US and Chinese economies weren’t so intertwined, then China couldn’t “export” its authoritarian values by using its huge market power to strong–arm American companies.

Populists correctly note that the NBA’s rebuke of a Houston Rockets official’s pro-Hong Kong democracy tweet is hardly the first instance of Beijing trying to use its financial influence on foreign companies to shape global opinion — especially regarding Hong Kong, Taiwan, and its Uighur reeducation camps. As one China expert told The Washington Post, the Chinese communists don’t tolerate dissent on these issues inside China, “and increasingly they are not tolerating dissent on these issues outside China.”

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Bring signs to games? Make comments on NBA teams social media pages? Freedom or wokeness?  More

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The search is still on for a good martini this week. Today, Jim Geraghty of National Review and Greg Corombos of Radio America react to the Turkish military striking Kurdish targets just two days after the U.S. announced it would move forces out of the area so Turkey could attack one of our closest allies […]

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NBA’s China Troubles Show Hard Choices Forced Upon American Firms

 

One way to pitch a Hollywood screenplay is by combining two existing works. “Think of it as Wolverine meets Lincoln.” Apparently this actually happens. Anyway, the descriptive technique also pops up elsewhere. The geopolitical tangle — economic, military, ideological — that is China can be expressed as “the Soviet Union meets 1980s Japan.”

Dealing with such a multidimensional challenge is difficult, as the NBA just found out. Its apologetic stance toward China over a Houston Rocket official’s pro-democracy tweet — “Fight for freedom, stand with Hong Kong” — has brought Americans together as few if any recent issues have. The bipartisan outrage over that apology parallels the growing bipartisan consensus that US foreign policy toward China needs a significant course correction.

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No bad martinis in sight today. Nope, we’ve got all crazy ones for you! Today, Jim Geraghty of National Review and Greg Corombos of Radio America shake their heads as outspoken liberal Golden State Warriors Coach Steve Kerr suddenly has no opinion on China throwing a fit over one pro-Hong Kong tweet from a general […]

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We’ve got nothing but bad martinis today. Jim Geraghty of National Review and Greg Corombos of Radio America are frustrated by President Trump ordering the withdrawal of U.S. forces from Syria, even as Turkey specifically says it wants us gone so it can attack our Kurdish allies who did more than anyone else in the […]

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Jim Geraghty of National Review and Greg Corombos of Radio America look forward to Clint Eastwood’s new film about how the FBI and media convinced America Richard Jewell was the Olympic Park bomber back in 1996, ruined the man’s life, and obviously learned very little from this debacle. They’re hopeful the movie will tell the […]

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Jim Geraghty of National Review and Greg Corombos of Radio America get a kick out of watching Facebook founder Mark Zuckerberg and Sen. Elizabeth Warren battle over whether the government ought to break up big tech. With little appetite for Warren’s big government intrusion or Zuckerberg’s pathetic efforts to protect user privacy and free speech, […]

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Pro-Growth War?

 

Anti-China hawks in the US are eager for a New Cold War that would disentangle the two mega-economies, especially their technology sectors. They see the inevitable economic disruption as a necessary evil to bolster US national security. And there might be even a partially beneficial economic offset if a slice of Asian manufacturing returns to American shores.

But some nationalists are more optimistic about the potential economic gains from escalating the current trade conflict into something broader. According to this view, the New Cold War would pit the two economies in a high-stakes competition for technological supremacy — and thus geopolitical dominance — in the 21st century. The sense of urgency would force each side to marshal all of their resources and talent in pursuit of victory. Space Race, meet the AI race. The resulting scientific advances and tech innovation would boost both economies. And with prosperity rising, neither side would risk the cold war turning into a hot one.

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Jim Geraghty of National Review and Greg Corombos of Radio America welcome the news that Hong Kong – at the direction of Communist China – has withdrawn the extradition bill that sparked massive protests, but they’re still not sure this story will have a happy ending. They also pummel Bloomberg News and reporter Ben Penn […]

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Trump’s Trade Travesty

 

On Friday, August 30, Trump confidently tweeted that anyone who thinks that his aggressive trade war with China could lead to a recession is sadly misinformed. He offered his own two-part explanation for a possible economic downturn. First, unnamed but “badly run and weak companies” are being undone by their own incompetence. Second, their present plight has not been caused by the trade war, but rather by the Federal Reserve’s failure to rapidly cut interest rates.

Chairman Jerome Powell has become a frequent target of the President’s ire. To be sure, the Fed did trim rates by a quarter of a point, from 2.25% to 2.00%, in July 2019. But Trump wanted the Fed to cut rates, already low by historical standards, by a full point. Even more, he wanted the Fed to further jolt the economy through another round of bond repurchases. In an attempt to prod Powell into action, Trump accused Powell of having a “horrendous lack of vision.” When Powell did not blink, Trump doubled down. “As usual, the Fed did NOTHING! It is incredible that they can ‘speak’ without knowing or asking what I am doing,” he tweeted. “My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?” So much for the traditional independence of the Fed. Trump then lashed out at the private sector by ordering corporations to find alternatives to China. So much for limited presidential powers.

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