The Return of Innovation to China – Part 2/2

May 15, 2012

Before counting how many Nobel Prizes in science have gone to Western/American scientists, it should be mentioned that “Ashkenazi Jews (European/white Jews: i.e most Jews) make up just 3% of the United States population, yet were responsible for 27% of the US science Nobel Prizes and 25% of the Turing Awards in the 20th century.”

Jeff Weintraub says, “It’s well known that overseas Chinese have often been compared to the Jews (by themselves and by others).

“Chinese and Jewish cultures are the two oldest civilizations in the world and share a lot in common. Both highly emphasize the family tie function and educational value, and although both have absorbed various exotic cultures, their central core has never changed since birth.” Source: Jews in China: Legends, History and New Peresepectives

“Moreover,” Weintraub says, “it seems like my friends were more or less correct that their Chinese diaspora constitutes the ‘Jews of Asia.’ From Hanoi to Bangkok to Jakarta and beyond, the merchant classes are overwhelmingly peopled with well-educated ethnic Chinese whose connections to the homeland and each other — the ‘Bamboo Network’ — constitute a huge business advantage. They are also, like the Jews, periodically expelled (from Vietnam), repressed (under Indonesia’s Suharto) and rioted against (in Malaysia, Thailand and really everywhere else). Like Jews, they are fiercely proud of their heritage, assimilating somewhat while maintaining temples that assert identity.”

In addition, China’s government has thrown billions in recent years into building a top-notch research establishment, hoping to keep its best scientists working here and lure back those who are abroad. Moreover, there are more foreign students from China attending US universities than from any other country—more than 150,000 annually spending over $4 billion for their US educations, and those students first went to school in China and then came to the US as a college student. In fact, China’s next president has a daughter attending Harvard. When these students return to China with their university degrees, they will be bringing the innovative, critical thinking, problems solving skills home with them.

One example of the results of this investment in “top-notch research” may be seen in a recent breakthrough in carbon nanotube-based cables technology at Tsinghua University in Beijing. Source: Science Daily

To the hardcore skeptic demanding more evidence, in early 2012, the Howard Hughes Medical Institute, one of the world’s most prestigious research foundations, announced Tuesday that it was honoring 28 biomedical researchers who studied in the United States and then returned to their home nations. Each will receive a five-year research grant of $650,000.

Seven — more than any other nation — were from China.

“They’re incredibly energetic, extremely smart, highly productive and accomplished,” Robert Tjian, president of the institute, said of the Chinese winners in a telephone interview.” Source: New York Times

Return to The Return of Innovation to China – Part 1

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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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The Return of Innovation to China – Part 1/2

May 14, 2012

The China History Forum asked, “Which dynasty was most technologically innovative?”

Of the few responses, less than 6% said the Qin and Han Dynasties. More than 70% answered the Sung/Song Dynasty and about 18% voted for the Ming Dynasty.

The Dynasties ruled by the Mongols (Yuan) and the Manchu (Qing) minorities received no votes. The Qing Dynasty (the Manchu) ruled China 1644 to 1912 and repressed the Han Chinese so that earning rank or recognition through merit, which was an element of Chinese civilization for more than two millennia, broke down possibly allowing the West, for the first time, to become more technologically advanced than China.

In fact, when the Sung Dynasty fell to the Mongol invasion led by Kublai Khan many of the innovations of the Sung renaissance were destroyed by the invaders.

Today, some critics of China often claim that the Chinese cannot innovate and that they are copycats stealing ideas and concepts from the West.

The most common reasons given are Confucianism, rote learning, and piety, which encourage obedience of authority.  However, if this were true, what explains the Chinese inventions of silk, paper, porcelain, gunpowder, the printing press, the compass, a cure for scurvy, modern ship building techniques, the multi-stage rocket, the assembly line, napalm, the stirrup, the crossbow and much more—all centuries before those innovations appeared in the West.

When challenged, the critic will often use this flawed reasoning as evidence: “How many Chinese have won the Nobel Prize?”

In fact, the first Nobel Prizes were awarded in 1901 about the time of the Boxer Rebellion in China and the first Sino Japanese War—long after the innovative glory of the Sung Dynasty (960-1276 AD). The stability necessary for innovation to take place would not return to China until after Mao died in 1976.

Then thirty-four years later, in 2010, four Chinese won the Nobel Prize in Physics, and one Taiwan born Chinese was a Chemistry Prize winner.

Howard Steven Friedman, writing for the Huffington Post, reported, “”No one born in the mainland China has won the Chemistry or Physiology/Medicine until this year, and all four of the mainland China-born winners of the Physics prize (Charles K. Kao, Daniel C. Tsui, Chen Ning Yang and Tsung-Dao Lee) received their graduate training and did their prize-winning research outside of China (three in the US, one in the UK). The one Taiwan-born Chemistry Prize winner, Yuan Tseh Lee, did his graduate work in the US…”

However, these Chinese Noble Prize winners were all raised by Chinese parents and went to school in China or Taiwan before attending colleges in the West.

Friedman then asks and answers, “So when will we see a Nobel Prize winner in science who was trained in China and did their prize-winning research in China?

“Not for a long time,” he says.

Then Friedman explains why, and it has little to do with Confucianism, rote learning or piety. He says, “Although the Chinese government has been investing in its science technology as well as luring established scientists of Chinese descent back to the mainland, it will take years to build a strong infrastructure for cutting-edge research… Delays will also be due to the typically decades-long lag between when research occurs and when an award is granted. This lag, which allows for validation of the scientific merit and importance, means that great scientific discoveries that occur now will most likely not be awarded until 10, 20 or even 40 years in the future.”

Continued on May 12, 2012 in The Return of Innovation to China – Part 2

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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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The Illusion of Freedom – Part 2/4

May 8, 2012

Years ago, I was having dinner in a restaurant in Westwood, California and witnessed a grimy homeless person across the street rummaging in a trash can. He found a Styrofoam container full of food and was so happy to have something to eat that he found a shady spot under a tree and rolled around on some cool grass before he started eating the found food. Freedom to him may have been having no job, not paying taxes, and not having to worry about a mortgage or rent. I’ve met homeless people that claim this is the reason they stay homeless—for the abstract sense of freedom it brings.

The last element that led me to write this series of posts was an e-mail a friend sent with a link to Carolina Journal Online.com, which reported that “State Threatens to Shut Down Nutrition Blogger.”

It seems that Steve Cooksey, an American citizen, took advantage of what he believed were his freedom of speech rights in North Carolina and blogged about beating diabetes through diet and exercise.

However, now he may face up to 120 days in jail, because in North Carolina, it is a misdemeanor to “practice dietetics or nutrition” without a license. According to the law, “practicing” nutrition includes “assessing the nutritional needs of individuals and groups” and “providing nutrition counseling,” which it seems Cooksey may have done with his Blog.

In addition, it is illegal to use the word “cure” in the United States unless the F.D.A. gives you permission.


HBO Documentary of Freedom of Speech in five parts – Part 2

“Just talking about curing an illness is literally a criminal offense, because only the F.D.A. can grant permission to use the word ‘cure’, since this word supposedly constitutes making a “medical claim”, and F.D.A. contends that anything producing a positive health effect is automatically a (“unapproved”) drug, under their regulation. This is not a hypothetical risk either. There are doctors and laymen in prison now for curing diseases.” Source: The Health Wyze Report

Freedom Forum.org asks and the answers, Does the (US) First Amendment mean anyone can say anything at any time and the answer is “NO” because the US Supreme Court rejected an interpretation of speech without limits.

Over the years, the courts decided that a few other public interests—for example, national security, justice or personal safety—override freedom of speech.

In fact, the US First Amendment does not protect statements that are uttered to provoke violence or incite illegal action, and jurisdictions may write statutes to punish verbal acts if the statutes are “carefully drawn so as not unduly to impair liberty of expression”.

If the US can restrict freedom of speech in the national interest, why can’t China? When China locks up someone, such as Chen Guangcheng, a blind Chinese Activist, China’s government may feel that what he is saying publicly might provoke violence or incite illegal actions.

To learn more about Chen Guangcheng and the alleged accusations made against China in his case, see NPR’s Blind Chinese Activist Reported Under U.S. Protection.

What do you consider freedom and does it really exist?

Continued on May 9, 2012 in  The Illusion of Freedom – Part 3 or return to Part 1

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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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Posted by Lloyd Lofthouse

The Illusion of Freedom – Part 1/4

May 7, 2012

Three things happened leading to this series of posts examining what freedom means to different people.

First, I was reading Return to Cambodia” in the February 2012 issue of “Travel + Leisure” magazine. One paragraph gave me cause for thought.  Thomas Beller, a free lance journalist, said, “Phnom Penh, once a lawless haven for adventurers, layabouts, and hedonists of all stripes for whom freedom was just another word for no real law enforcement is now praised in similar terms but for different reasons by a new class of small-business owners who see the place as an opportunity.”

Beller returned to Cambodia recently after a 19 year absence and says that the country experienced an average of nearly 10% annual growth until 2009 leading to an improved economic environment due to Hun Sen, “the despotic prime minister”.  It’s worth reading the “Travel + Leisure” piece to see how a “despotic” leader improved the quality of life for millions of his people.

In case you do not know, “despotic” means: a ruler with absolute power; a person who wields power oppressively; a tyrant.

Just how important is “freedom of speech” anyway, which may be the reason Hun Sen is considered a despotic leader — “The United Nations Special Rapporteur for Human Rights in Cambodia Surya Subedi wrapped up his fifth visit to Cambodia on Friday expressing concern about the lack of progress on land rights and freedom of speech in the country.” Source: Voice of America


HBO Documentary of Freedom of Speech in five parts – Part 1

 Yet, according to Beller’s report, the quality of life in Cambodia has improved dramatically in the last nineteen years. Maybe this improvement came about because of restrictions on freedom of speech that might stir up the emotions of the population/mob, which might lead to unrest, an economic downturn and suffering such as starvation and death.

Of course, to many that don’t spend much time thinking about it, it is more important to have freedom of speech and freedom to join any religion/cult one wants to join than starving or living in fear of criminals that take advantage of cultures that allow too much freedom that may lead to anarchy and chaos.

Next, a comment appeared in this site from Jo Ann—she said, “I admire this person wanting to see the world but I am an American and I believe in this country more than a country that doesn’t allow too many freedoms.”

If you think about it, there are only two freedoms that are restricted in China that may lead to jail time: one is freedom of public political speech/expression criticizing China’s government and the restrictions of religious choice. Other than that, the Chinese, if they have the money, may enjoy life as much as any American—maybe even more so.

Then a friend sent me an e-mail with a link to Carolina Journal Online.com, which reported that “State Threatens to Shut Down Nutrition Blogger.”

In this series of posts, I’m going to focus on freedom of expression/speech.  Later, I’ll touch base about the freedom of religion.

What do you consider freedom and does it really exist?

Continued on May 8, 2012  in The Illusion of Freedom – Part 2

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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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Are China’s Dissidents in Danger?

May 6, 2012

This week much of the Western media has been busy touting fears for the safety and future of China’s blind dissident Chen Guangcheng.

A Reuters report by Andrew Quinn and Chris Buckley fulfilled the China bashing and fear mongering of the week by reporting in the lead paragraph that Cheng “feared for his life just hours after leaving the U.S. Embassy under a deal that Washington had hoped would defuse the crises with Beijing.”

However, what are the odds that Chen should fear for his life for protesting China’s urban one-child rule and abortion policies?

To find out what might really happen to Chen and other dissidents in China, let’s examine what happened with a few high profile cases in the past and ignore the alleged language designed to paint China’s leaders/government in an evil light.

According to the record, none of China’s dissidents since 1976 have been executed and only one is serving a life sentence. In fact, if Chen ends up in the US, that is not uncommon.

For Example:

1. In 1989, Tan Baiqiao was arrested for spreading counterrevolutionary propaganda; inciting counterrevolutionary activities; defection to the enemy, and treason— but due to international pressure, Tan was released and reached the U.S. in 1992.

2. In 2002, Cai Lujun, a businessman and writer was arrested for “incitement to subversion and eventually sought political asylum in Taiwan in 2007.

3. In 1995, Wang Dan was sentenced to 11 years in prison but was released on medical parole to the US in 1998 and is currently living in Taiwan.

4. In 1998, Wang Youcai was sentenced to 11 years in prison for subversion but was released and exiled to the United States in 2004.

5. In 1979, Wei Jingsheng an electrician was arrested and sentenced to 15 years in prison for passing military secretes.  He was released from prison for medical reasons and deported to the US in 1997.

In fact, there are laws in most countries that support what China does with its political dissidents.

For example, in the United States Code, 18 U.S.C. & 2385, “Advocating overthrow of Government by force or violence”:

“Whoever knowingly or willfully advocates, abets, advises, or teaches the duty, necessity, desirability, or propriety of overthrowing or destroying the government of the United States or the government of any State, Territory, District or Possession thereof, or the government of any political subdivision therein, by force or violence, or by the assassination of any officer of any such government; or

“Whoever, with intent to cause the overthrow or destruction of any such government, prints, publishes, edits, issues, circulates, sells, distributes, or publicly displays any written or printed matter advocating, advising, or teaching the duty, necessity, desirability, or propriety of overthrowing or destroying any government in the United States by force or violence, or attempts to do so; or

“Whoever organizes or helps or attempts to organize any society, group, or assembly of persons who teach, advocate, or encourage the overthrow or destruction of any such government by force or violence; or becomes or is a member of, or affiliates with, any such society, group, or assembly of persons, knowing the purposes thereof—

“Shall be fined under this title or imprisoned not more than twenty years, or both, and shall be ineligible for employment by the United States or any department or agency thereof, for the five years next following his conviction.”

In addition, on May 4, 2012, the New York Times got it right with this headline, For China, a Dissident in Exile Is One Less Headache Back Home

The NY Times says, “Based on past experience, China is often all too pleased to see its most nettlesome dissidents go into exile, where they almost invariably lose their ability to grab headlines in the West and to command widespread sympathy both in China and abroad.”

In fact, if you read the US law carefully, it may be illegal in America to advocate the overthrow of another country’s government—just read the first paragraph in bold print above.

Moreover, fifty-two countries are led by authoritarian governments ruling over more than a third of humanity, so if you have to live under an authoritarian government, which kind is best?  After all, everyone cannot live in Hong Kong, which is considered the freest economy in the world.  Hong Kong (part of China) is followed by Singapore, Ireland, Australia, New Zealand and Switzerland. The U.S. ranks tenth of more than 150 nations.  China is ranked 138. Sources: The Freest Nations on Earth and Heritage.org

In addition, according to Foreign Policy magazine, Joshua E. Keating, “found that single-party states—think China and Vietnam—are the most responsive to citizens’ demands, providing a higher quality of governance… the Chinese Communist Party has not lasted through the use of force alone, but also by making popular investments in China’s infrastructure and social services,” which has reduced poverty from more than 80% in 1949 to less than 13% today and increased the average lifespan from 35 years of age in 1949 to more than 75 today.

Recommended — A Snapshot of Democracy in Asia

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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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Vampires in China

May 1, 2012

Belief in vampires is not confined to the people of Transylvania, and half humans able to transform themselves into monsters are no strangers to Chinese folklore. Some tales may be traced back to the third century AD.

Since Bram Stoker’s Dracula was published in 1897, this makes a case that vampire folklore may have originated in China and traveled west along the Silk Road almost two thousand years ago.

The Chinese vampire is called a Jiang-shi (also spelled Kaing-shi or Chiang-shih). However, Chinese vampires are different from Dracula or Anne Rice’s vampires.

Chinese folklore says the Jiang-shi is stiffened by rigor mortis and these vampires have to hop to get around. The Jiang-shi also finds its victims by smelling your breath, so if a hungry Jiang-shi is about, it is best to stop breathing.

In the 1980s, there was a series of vampire movies produced in Hong Kong. The first in the series was Mr. Vampire (you may watch Mr. Vampire here. For parts two through ten, scroll down to the embedded YouTube series at the bottom of this post).


Mr. Vampire – Part 1/10
with English subtitles

Ricky Lau directed Mr. Vampire and the producer was Sammo Hung.

Chopper Time says, “Almost all of these movies are pretty watchable, but the best of the bunch was the first one, an expert horror-comedy called Mr. Vampire.“

There were a few Taiwanese vampire films, which include The Vampire Shows His Teeth (a series of three films (1984-1986), New Mr. Vampire (1985), Elusive Song of the Vampire (1987) and Spirit versus Zombie (1989).

Today, Vampires stories are becoming popular in mainland China. Tom Carter, an American author and expatriate living in China, says Twilight is a popular pirated novel and some Twilight fans are now writing their own fan-fiction and vampire stores in Chinese on their Blogs.

In fact, a shop called the Vampire opened its doors recently in Beijing to sell vampire, zombie, and werewolf blood along with Satan poison and UFO fuel.

In November 2010, the China Daily reported Blood Shop drawing a thirsty Crowd.

“The shop, which opened September 20, is reportedly the first of its kind in Beijing. The storefront also has a stained-glass window adorned with a miniature vampire model sucking blood from a cup held in his skeletal hand.”

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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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Mr. Vampire continued
with English subtitles


Mr. Vampire – Part 2/10


Mr. Vampire – Part 3/10


Mr. Vampire – Part 4/10


Mr. Vampire – Part 5/10


Mr. Vampire – Part 6/10


Mr. Vampire – Part 7/10


Mr. Vampire – Part 8/10


Mr. Vampire – Part 9/10


Mr. Vampire – Part 10/10

Note: This post first appeared December 25, 2010

4 Comments | business, China, Chinese arts and music, Chinese history, Chinese literature, media | Tagged: , , , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

Harlequin Romance Invades China – a guest post by Tom Carter

April 30, 2012

Growing up in a rural, slate-roofed village deep in the countryside of southeast China, the only English books my Chinese wife had to read back then were a brittle copy of Tess of the d’Urbervilles and a set of Harlequin novels.

Yes, I’m talking about Harlequin, those pulpy paperbacks found on revolving wire racks at supermarket checkout aisles across North America and the UK. Their enticing cover art – usually, nay, always featuring shirtless, square-jawed men hovering millimeters away from the glistening-red lips of a damsel in distress – and formulaic flirt/fight/fall-in-love storylines mercilessly targeted housewives and secretaries longing for a 200-page escape from the dirty diapers and pot-bellied husbands of their mid-life realities.

As it turns out, it was by reading books like “Stormy Voyage” by Sally Wentworth and Roberta Leigh’s “Two-Timing Man” (bought used for 7 RMB out of a sidewalk vendor’s book cart), amongst other Harlequin classics, that my wife managed to teach herself English (which explains her tendency to throw her head back dramatically whenever we kiss).

Curious how Harlequin, the forbidden fruit of literature, could be found anywhere in a Communist republic that has the world’s most strict state-sponsored vetting process for publications, I was surprised to learn that in 1995 (about when my fiancée found her copies) Harlequin received official, red star-stamped permission to place half a million copies of twenty titles in Mandarin and a quarter-million copies of ten English versions on the shelves of Xinhua.

Harlequin’s stated goal: “to bring romance to millions of Chinese Women.”

A China.org article on the increasing popularity of romance books in the P.R.C. concurred with Harlequin’s audacious move: “Chinese women today have new demands for their Prince Charming: first, he must be powerful and distinguished…next, he must have unlimited financial resources.”

Wosai! No wonder China has become home to the world’s highest surplus of single men!

Harlequin, which puts out 1,500 new titles annually in over 100 international markets, has yet to think up a romance set in present-day China (Possible storyline: wealthy, second-generation Beijing businessman seduces sexy xiaojie with his shiny black Audie, pleather man-purse and a thick stack of redbacks; he agrees to save her Anhui village from being bulldozed by corrupt cadres if she will become his kept woman.).

Until that day, we will have to entertain ourselves with stories set in China’s olden times starring princesses and concubines.

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Travel Photographer Tom Carter traveled for 2 years across the 33 provinces of China to show the diversity of Chinese people in China: Portrait of a People, the most comprehensive photography book on modern China published by a single author.

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Note: This guest post first appeared December 8, 2010

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Posted by Lloyd Lofthouse

Comparing Economy Management – China versus the United States

April 28, 2012

Over at CNN World, Stephen S. Roach wrote a post about America’s renminbi fixation.  Many of the comments that responded to the post were obviously from Internet Trolls that lack the skills for an intellectually reasoned response. Instead, the trolls resort to logical fallacies to divert attention away from Roach’s message (I left a comment and a few replies too).

While many in the West have predicted for about three decades that China is going to have a hard landing after an economic bubble of some sort bursts, it hasn’t happened yet.

I Reblogged Roach’s piece and you may reach it by scrolling down or clicking on this iLook China link.

To research this post I Googled “financial crisis in China since 1980” and found no results that answered what I was looking for.

However, I found this at Princeton.edu, which said, “It is now just over twenty years after China initiated its economic reform in 1978. Since then the average rate of growth of GDP has been a phenomenal 9.5 percent per year. This essay reviews the reform process, discusses the impact of the current Asian financial crisis and attempts to assess the prospects of China’s economy in the future…

“In summary China’s reform process has been an experimental and gradual process. It was to be continued before the Asian financial crisis (1997). State-enterprise reform, financial reform and the opening of the Chinese economy have all been affected by the crisis, but there is no question that as soon as conditions allow the reform process will continue, incorporating the lessons learned from the crisis…

“In conclusion, economic reforms in China are likely to continue in the manner and directions as described above. Because of the strong fundamentals of China’s economy as demonstrated by its good performance during the financial crisis substantial growth will continue perhaps for another decade after the current crisis.”

In addition, in an April 2008 economic study from Harvard, we discover, This Time is Different: A Panoramic View of Eight Centuries of Financial Crises.

The Harvard study said, “As the first paper employing this data, our aim is to illustrate some of the broad insights that can be gleaned from such a sweeping historical database.  We find that serial default is a nearly universal phenomenon as countries struggle to transform themselves from emerging markets to advanced economies.  Major default episodes are typically spaced some years (or decades) apart, creating an illusion that “this time is different” among policymakers and investors.  A recent example of the “this time is different” syndrome is the false belief that domestic debt is a novel feature of the modern financial landscape.  We also confirm that crises frequently emanate from the financial centers with transmission through interest rate shocks and commodity price collapses…

“The ability of governments and investors to delude themselves, giving rise to periodic bouts of euphoria that usually end in tears, seems to have remained a constant.”

Since not much time has passed since China’s economic reforms in 1978, we will look at the United States for examples.

The current total US deficit (national debt) as of today is more than $15.5 trillion and the average credit card debt per household based on 609.8 million credit cards held by US consumers is almost $16,000.

However, “Chinese households save a large share of their disposable incomes and their average saving rate has increased over the last decade and a half. This pattern is particularly pronounced for urban households, which account for about two-thirds of national income. After remaining relatively flat during the early 1990s, the average saving rate of urban households relative to their disposable incomes rose from 18% in 1995 to nearly 29% in 2009.”

In addition, if we study “Panics, Depressions and Economic Crisis Prior to 1930 in the United States”, we discover that “Those most disastrous have usually followed general injudicious speculation in lands or inflated securities. The crisis of 1816-1819 in the United States, it is claimed was due to the speculation and disorder following the War of 1812. The next occurred in 1825. A very memorable panic was that of 1837.” Source: The History Box.com

Akorra.com lists the Top 10 Worst Financial Crisis in U.S. History starting with the Crash of 1929/Great Depression; our current and continuing Mortgage Crisis of 2007; the Panic of 1893; The Banker’s Panic of 1907; the Panic of 1873; the Panic of 1819; the 2001-2002 Recession (known as the dotcom bubble that wiped out $5 trillion in market value of technology companies);  the Kennedy Slide in 1962 which caused a 22.5% drop in the S&P 500; the Panic of 1837, and The Oil Crises of 1973.

In addition, there have also been recessions in 1937, which followed the Great Depression (1929 – 1933); 1945, 1949, 1953, 1958, 1960-61, 1969-70, and 1973-75.

As for China, the predictions of an economic crises/crash keep coming as if they were being manufactured on an assembly line — but one hasn’t arrived yet and it has been 34 years since China’s 1978 economic reforms, while for the same period in the US there have been several economic recessions running from January – July 1980; July 1981 – November 1982; July 1990 – 1991; March -November 2001, and December 2007 – June 2009.

When an economic crises does appear in China (the odds favor that it will), it may be part of a global universal phenomenon as the Princeton and Harvard studies reveal, so it is a good bet that sooner or later China’s economic critics will be able to step up on their soap boxes and crow, “I told you so (a hundred times over the last several decades that it would happen one day)!”

I suggest watching the two videos with this post to learn about manufactured financial panics in the United States, which leads to a question: Is the American fixation on China’s currency manufactured too?

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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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Posted by Lloyd Lofthouse

America's renminbi fixation

April 26, 2012

Reblogged from Global Public Square:

Editor’s Note: Stephen S. Roach, a member of the faculty at Yale University, is Non-Executive Chairman of Morgan Stanley Asia and the author of The Next Asia.

By Stephen S. Roach, Project Syndicate

For seven years, the United States has allowed its fixation on the renminbi’s exchange rate to deflect attention from far more important issues in its economic relationship with China.

Read more… 942 more words

Stephen S. Roach writing for CNN.com says, "America’s trade deficit is multilateral: the US ran deficits with 88 nations in 2010. A multilateral imbalance – especially one that it is traceable to a saving shortfall – cannot be fixed by putting pressure on a bilateral exchange rate. Indeed, America’s major threat is from within. Blaming China merely impedes the heavy lifting that must be done at home – namely, boosting saving by cutting budget deficits and encouraging households to save income rather than rely on asset bubbles." _____________________________ Amazing, logic and truth for a refreshing change instead of demonizing China with more political/media propaganda, which is norm during the run up to a national election in the US. ______________________________ 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.

1 Comment | America, China, economy, media, politics, United States | Tagged: , , , | Permalink
Posted by Lloyd Lofthouse

The Democracy Club and the rest of the world – Part 2/2

April 24, 2012

In March 2012, I attended a lecture by Adam Johnson, the author of “The Orphan Master’s Son“. Johnson gave us a glimpse into the mysterious Hermit Kingdom of North Korea. Although many call North Korea’s government a dictatorship, it appears to be more of a monarchy since the leadership has passed from father to son twice.

“No one has written a literary novel in 60 years… No one has read a book that’s not propaganda for 60 years,” Johnson said of North Korea.

Johnson spent six years reading everything he could find on North Korea. In addition, he interviewed a number of people that once lived there or had visited. He also watched every YouTube video on North Korea he could find. Then he traveled there as sort of a tourist in 2007.  It wasn’t easy gaining permission.

While in North Korea, Johnson saw a country that was hungry for food, power and money. The trucks and cars he saw on the roads were coming out of the same factories that were manufacturing the same models in the 1950s with no changes.  In addition, appliances manufactured in North Korea were the same models that were made six decades ago.  North Korea is a country trapped in a time warp.

In an interview with Sheila Himmel of the Stanford Magazine, Johnson said there was daily loudspeaker propaganda. “If you’re caught tampering with your loudspeaker (everyone has one in their home and workplace), that’s something that could send you to a prison mine.”

Himmel wrote, “Johnson knew he had to visit North Korea to put flesh on the bones of his research. After being turned down twice for a visa as a visiting scholar, Johnson met a Korean War orphan whose NGO planted apple orchards in North Korea.  As the orchardist’s assistant, he got a tourist visa.

“I would walk the streets and people would not even look up at me. They were Afraid to,” Johnson said.

Johnson stayed in the Yanggak Island hotel, staffed by Chinese, “So we didn’t even get to meet a North Korean citizen at breakfast,” Johnson said.


More than an hour with Adam Johnson – Live from the library.

The hotel was located on an island and was only open two weeks a year for the Airirang festival celebrating the birth of Kim Il Sung, North Korea’s founding autocrat (emperor/king as far as I’m concerned). Even then, only two floors were occupied out of forty-nine and the only lights that were on were on those two floors. The other 47 floors were dark and abandoned.

While Johnson was in North Korea, he was told that the DPRK was the most democratic nation in the world. “They’d say to Johnson, ‘How many people turned out to your last election?’ About 60 percent. ‘We’re 100 percent. We’re more democratic!’ “

However, being a democratic country, which North Korea isn’t (it’s also not a republic), may not be all that desirable. After all, America’s Founding Fathers created a republic in the United States, because they hated democracy believing it morphed into mob rule and eventually a dictatorship, and George Washington, in his farewell letter to the people as he left the presidency, warned Americans against multiple political parties competing with each other because that led to divisiveness and rancor.

Return to The Democracy Club and the rest of the world – Part 1

______________

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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2 Comments | America, China, Communism, democracy, India, media, military, politics, United States | Tagged: , , , , , , , , , , | Permalink
Posted by Lloyd Lofthouse

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