Another Video of Magician Liu Qian (劉謙)

This guy is great!

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North Korean Children — Guitar Quintet

Beautiful child-musicians in — see the red neckerchiefs? — North Korea. This goes beyond cute: it demonstrates that even in a death-dealing dictatorship, beauty and intelligence find expression.



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Updated AsiaBizBlog BackLinks Stats: Now 134,632

This is a significant increase from the 80,000+ calculated a little over one year ago. Thanks to all those who refer to AsiaBizBlog!

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Podcast with Harry Moser on “Reshoring”

Whither American manufacturing? Harry Moser, Industry Week Manufacturing Hall of Famer, discusses his reshoring initiative to bring manufacturing back to the United States.

To contact Harry Moser, visit the Reshoring Initiative website.

Posted in American Faux Pas, China After the Meltdown, Imports and Exports, Manufacturing, Podcasts, U.S. Economy | Tagged , , , , | Comments Off

Chanos Would Short Sell US-Listed Chinese Companies

As some say, “China bubble, what bubble?” Jim Chanos, well-known for his pre-blowup Enron predictions, told Bloomberg:

“The bubble is really on the other side of the world,” he said in New York. “What my team found, they actually came back saying we’re not bearish enough,” he said. “The signs of overcapacity were even much greater than their last visit, which was late last year, and increasingly the executives that they met with were sounding a little bit more uncomfortable about the current situation.”

The takeaway:

    Chanos would, if he could, short all US-listed Chinese companies. The cost of doing so is prohibitive.

    Overvaluation is widespread in China

    The property bubble is “’as big or bigger than what we saw in the West’ when compared with the size of the economy.”

Read it here.

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Lamborghini Plans an “Everyday” Model — Smashing Idea!

An “everyday” Lambo sounds like a product destined for wealthy, young Chinese business owners.

Lamborghini should sell over 300 cars in China this year, Winkelmann said at the Reuters Summit, held at the Reuters office in Paris on Monday, about a fifth of its total likely sales for this year. Last year it sold 206 cars in China, excluding Hong Kong.

But they’ll want to avoid scenes like this one, in which a disgruntled Chinese customer in Qingdao smashed his Gallardo to smithereens in front of the cameras. [Lamborghini's side of the story here.]

Don’t you love the blue uniforms and matching helmets?

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Here We Go Again — Something for “Asians,” Whatever They May Be

“Asians” using the term “Asian” in an “Asian” context.  From the “Asian” Wall Street Journal:



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Szpilman and Saaler on Pan-Asianism — Part 2

[Continued from this page.]

Yet, for all this cultural tension, the material advantages of the West and of modernity in general became obvious to most Asians, except for a very small number of reactionary obscurantists. Western-style modernity was an indispensible condition for success in the nineteenth-century world. For that reason, along with the majority of Asians, most pan-Asianists never rejected modernity as such. Many ancient Asian customs and practices were patently useless or anachronistic in the modern world, and, under the circumstances, the chief problem that had to be overcome was the antiquated structure of state and society. But was everything distinctive about the East to be denied? Initially there was a tendency to discard the whole culture, lock, stock, and barrel. In an excess of modernizing enthusiasm, some Japanese even wanted to give up their native tongue in favor of English. Needless to say, such proposals were at best impractical. But were there aspects of Eastern tradition still of relevance in this Western-dominated world? Above all in the realms of ethics, morals, and philosophical and religious thought, convincing arguments could be made for the relevance, if not the superiority, of Eastern traditions—arguments that the reader will encounter time and again throughout this collection.

While the meaning—and even the existence—of “Asian values” remains debatable, the notion of commonly held Asian values and a common culture and racial identity, which together constitute the basis of Pan-Asianism, is closely related to the sentiment of a “common destiny” for Asian peoples. This latter notion represents another recurrent theme in Pan-Asianism—one that perhaps retains much of its appeal even today, if recent statements by Asian governments (e.g., the initiative of former Japanese Prime Minister Hatoyama Yukio to prioritize East Asian community) or declarations by transnational organizations such as ASEAN, are anything to go by. It is impossible to gauge whether such sentiments will contribute to the realization of closer transnational cooperation or even regional integration in the future. To be sure, obstacles to regional cooperation in East Asia remain numerous. They include not only strong expressions of nationalism and the negative legacies of World War II but also the geography and demographics of Asia. Unlike in the case of European countries, the “Other,” or the “enemy,” for many smaller Asian nations is to be found within Asia, not somewhere outside. While Asia will certainly never be “one,” we may anticipate continued progress in the areas of regional cooperation and integration, developments that can contribute to the stability and the prosperity of the region.

[...]

The Origins of Pan-Asianism: Macronationalism and Transnationalism

The term “Asia” came into common use in East Asia only in the mid-nineteenth century in response to the increasing diplomatic, military, and economic presence of the Western powers, and their territorial expansion in East Asia. The Opium War of 1839–1842 was a watershed in the history of Asian–European encounters. The British victory led to the recognition, throughout East Asia, of Europe as a common threat, and it was at that time that intellectuals and politicians throughout the region began to consider the questions of “Asia” and Asian solidarity. With a view to giving the concept of solidarity substance, they began exploring Asian cultural commonalities and the common historical heritage of the continent. It is of course true that, as Hamashita Takeshi and other scholars have pointed out, East Asian countries had a long history of interaction before the nineteenth century. This took the form of an interstate system, centered on China. It was this Sinocentric system (sometimes also known as the tributary system) to which the Western powers had to accommodate when they first came into contact with East Asian states. But it was the acute sense of crisis brought about by the Chinese defeat in the Opium War that forced Asian writers and thinkers actively to pursue the agenda of a united Asia, an Asia with a common goal—the struggle against Western imperialism.

Ideas of Asian solidarity came in a large variety of forms, as did the geographical definitions underlying claims for regional solidarity. Some forms of the concept were based on assumptions of racial unity, following, curiously enough, racial notions that had originated in the West (Hannaford 1996; Dikötter 1997). Others tended to emphasize commonalities in culture and language (more accurately written language). This was especially the case in East Asia, often referred to in the West as the “Orient” (Japanese: Tōyō; Korean: Tong’yang; Chinese:Dongyang), a region which, for thousands of years, had been under the powerful influence of Chinese civilization. (The term “East Asia” was used from the late nineteenth century on [Japanese: Tōa; Korean: Dong-a; Chinese: Dong-ya].) In this context, some thinkers saw the new quest for solidarity as a strengthening of the existing networks of economic and cultural exchange. Others were inspired by pan-movements emerging almost simultaneously in Europe and America. The various approaches to Pan-Asianism, however, all shared a common emphasis on transnationalism and Asian unity.

[TO BE CONTINUED...]

 

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Make Sure Your Buns are Fresh — Scandalous Chinese Food

The stories about food in China sicken as they entertain: “mineral water” from the Shanghai tap, lead in tea (dried by the exhaust of military trucks), rice coated with machine oil (to increase weight) and now recyled buns.

On a bustling corner near downtown Shanghai recently, some shoppers avoided the steamed buns sold by Zhu Qinghe in a street-side cubbyhole. Instead, they bought the packaged buns in the freezer section of Hualian, a supermarket chain store in the same building.Mr. Zhu’s buns were soft, tasty and fresh, made every day, he said, at 3 a.m. The supermarket’s, on the other hand, came from a filthy workshop where workers “recycled” buns after their sell-by date. The workers merely threw the stale buns into a vat, added water and flour, and repackaged them to be sold anew.

Well, why not?  It made money, didn’t it!

 

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Podcast Audio — Avon, China and the FCPA

Door-to-Door cosmetic sales in China meets the Foreign Corrupt Practices Act and four executives discover what the law means for them in practice.

Posted in American Faux Pas, China After the Meltdown, Legal, Management, Podcasts, Uncategorized | Tagged , , , , , | Comments Off