China Economy





a Plan - Joseph Stiglitz: LINK ¤ the GUARDIAN

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  • "in the past China - was going its own way !"

 

 

 

 

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  • "China's leaders' had their own intentions - and did not care about how other countries - were viewing at China !"

 

 

 

 

 

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  • "many of the problems - China today faces !"

 

 

 

 

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  • "stemmed from too much market - and too little regulations !"

 

 

 

 

 

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  • "more resources should be allocated - to redress the large Chinese deficiencies !"

 

 

 

 

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  • "in healthcare - and education !!!!!!!!!!!!"

 

 

 

 

 

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  • "here in most social market economies - the government plays !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "a leading role - and does so for good reason !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "privately-based healthcare systems - were expensive - and inefficient !"

 

 

 

 

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  • "the system of the USA achieved far worse outcomes - than those in European countries - which spend far less !"

 

 

 

 

 

 

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  • "urban areas - cities should be environmentally sustainable - which requires action !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "there should be sufficient public transport - public schools - public hospitals !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "parks - and effective zoning - among other public goods !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "one lesson that should have been learned - from the post-2008 global financial crisis !"

 

 

 

 

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  • "is that markets - are not self-regulating !!!!!!!!!!!!"

 

 

 

 

 

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  • "there should not be - too much deregulation !!!!!!!!!!!!"

 

 

 

 

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  • "the end result matters - it is about the routes - that we are taking !!!!!!!!!!!!"

 

 

 

 

 

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  • "the challenge for its leaders is - its stage of development !"

 

 

 

 

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  • "that requires the government - to raise more money !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "the authorities should - boost revenue !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "by imposing environmental taxes - including a carbon tax !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "a more comprehensive progressive - income tax !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "including capital gains - and a property tax !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

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  • "the agenda - higher spending on sustainable buildings - in cities and villages !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "healthcare - education - and rural development !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "funded by increases in taxes - can simultaneously !!!!!!!!!!!!!!!!!!"

 


 

 

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  • "improve the environment - and reduce inequality !!!!!!!!!!!!!!!!!!"

 

 

 

 


 

 

 

 

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China's Workers demand better Rights - the Guardian: LINK ¤ the GUARDIAN

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  • "Foxconn Technology - an electronic company - increases its workers' salaries - by as much as 25% !!!!!!!!!!!!"

 

 

 

 

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  • "the move is the result of pressure - from the increasingly rights-conscious workers !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "and international concerns - about Foxconn's working conditions !!!!!!!!!!!! - ( 16 hours - silence - few minutes for breaks )"

 

 

 

 

 

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  • "Apple - has sent an independent labour group - to investigate its suppliers - including Foxconn !!!!!!!!!!!!"

 

 

 

 

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  • "it is high time to improve the lot of workers - in China !!!!!!!!!!!!!!!!!!"

 

 

 


 

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  • "factories were often foreign owned - or were staffed by migrant workers !"

 


 

 

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  • "but things are changing now - as the buds of independent unions - are pushing through the soil !!!!!!!!!!!!!!!!!!"

 

 

 

 


 

 

 

 

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China reforms 'Hukou' System - the Guardian: LINK ¤ the GUARDIAN

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  • "China reforms the - "hukou" system - to improve the migrant workers' rights !!!!!!!!!!!!!!!!!!"

 

 

 

 

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  • "and overhauls the system - from the 1950s !"

 

 

 

 

 

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  • "where people's access to services - were tied to their residential status !"

 

 

 

 

 

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  • "the plan removes the distinction - between urban - and rural residents !!!!!!!!!!!!"

 

 

 

 

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  • "it should help migrant workers - to access services - and social welfare !!!!!!!!!!!!"

 

 

 


 

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  • "Lu Yilong - an expert at Renmin University - says "the government should follow up - with matching reforms"  !!!!!!!!!!!!"

 

 

 

 

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  • "in areas such as education - equality - social welfare - and city planning !!!!!!!!!!!!!!!!!!"

 

 

 

 

 

 

 

 

 

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US Trade - US cable - 2008: LINK ¤ 08BEIJING661

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  • "the US embassy lobbied for economic interests - in China !"

 

 

 

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  • "the US embassy pressured China - to open markets !"

 

 

 

 

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  • "frictions should be managed - China's increasing interest in !"

 

 

 

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  • "how it was perceived - on the international stage !"

 


 

 

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  • "created new opportunities for the USA - to influence China !"

 

 

 

 

 

 

 

 

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US Investment - US cable - 2007: LINK ¤ 07BEIJING284

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  • "US secretary Paulson said - "China should eliminate foreign investment caps - in financial services firms !""

 

 


 

 

 

 

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US Financial Crisis - US cable - 2008: LINK ¤ 08BEIJING3949

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  • "US senator Charles Hagel - met Chinese vice premier Wang Qishan !"

 

 

 

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  • "central bank governor Zhou Xiaochuan - and commerce vice minister Ma Xiuhong !"

 

 

 

 

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  • "the vice premier highlighted the weaknesses in the US system - that had led to the financial crisis !"

 

 

 

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  • "and asserted China's commitment to cooperate with the United States - to resolve the situation !"

 

 

 

 

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  • "including continuing to buy - US debt !"

 

 

 

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  • "holdings of US treasury securities - US agency debt - and corporate stocks ! - ( US$ 1.2 trillion )"

 


 

 

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  • "China has not sold - its holdings of US agency debt !"

 

 

 

 

 

 

 

 

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US Financial Crisis - US cable - 2008: LINK ¤ 08BEIJING4074

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  • "US teasury secretary McCormick said - "the US policy approach - to stabilizing the markets and economy"  !"

 

 

 

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  • "the Federal Reserve's purchase of commercial paper - to inject liquidity !"

 

 

 

 

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  • "the securities and exchange commission's actions - to safeguard market integrity !"

 

 

 

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  • "and prevent market manipulation - including through limits on short-selling !"

 

 

 

 

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  • "the federal deposit insurance corporation's guarantee of banks' - short and medium-term liabilities !"

 

 

 

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  • "in order to assuage concerns - about counter-party risks !"

 

 

 

 

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  • "and treasury's pledge to inject US$ 700 billion - into the US banking sector !"

 

 

 

 

 

 

 

 

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Financial Crisis - US cable - 2009: LINK ¤ 09BEIJING1586

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  • "Hu Jintao said - "an immediate priority is the implementation - of previous G20 outcomes"  !"

 

 

 

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  • "to strengthen international - financial regulation !!!!!!"

 

 

 

 

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  • "and reform the - international financial system !!!!!!"

 

 

 

 

 

 

 

 

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Stimulus Package
- US cable - 2008:
LINK ¤ 08BEIJING4178

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  • "there were plans - for a stimulus package !"

 

 

 

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  • "the plan emphasized - infrastructure spending !"

 

 

 

 

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  • "( RMB 4 trillion - US$ 600 billion - 6% GDP )"

 

 

 

 

 

 

 

 

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Media: Financial Crisis - US cable - 2008: LINK ¤ 08BEIJING4608


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  • "the financial crisis - World News Journal !"

 

 

 

 

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  • "this financial crisis was a lesson for developing countries - concerning financial operations !"

 

 

 

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  • "developing countries had a clearer understanding of the subtle operations - of US financial capital markets !"

 

 

 

 

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  • "because of this - they make an effort - to international cooperation !!!!!!"

 

 

 

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  • "and set up a fair and healthy - international financial system !!!!!!"

 

 

 

 

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  • "developing countries could increase their efforts - to set up "sovereignty funds"  !"

 

 

 

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  • "with more independence - in finance !"

 

 

 

 

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  • "the US dollar - should have the necessary transparency - and receive strict supervision !!!!!!"

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ECONOMY of CHINA - Wikipedia EN: LINK ¤ ECONOMY of CHINA
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