china

A (Photovoltaic) Silver Bull in China

"Early this month, big news came out of China. It may have gone unnoticed by some investors—and there's really no reason why it would have been covered extensively by mainstream media—but it's important if you're a silver investor. China raised its target for solar generating capacity to more than 35 gigawatts (GW) by 2015, a stunning increase of 67% above the previous target. In addition to China, India plans to increase its solar output to 20 GW by 2020, starting essentially from the scratch. On a worldwide basis, solar power generating capacity is projected to be 20 to 40 times the amount of current capacity by 2020." Continue reading →

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The Soviet Setup is Now the China Setup

"The most lucrative trade of 90's Soviet period was obtaining a bank loan (there were only state banks). Which was easy as long as you paid bank manager 20% straight in the pocket. It was up to you what you did with the 80%. Fast forward to today's China. Special investment financing vehicle and state bank loan architecture has been in place for a long time and not just since 2008. As you can imagine such vehicles are predominantly used to skim a little bit off the top. Operator gets rich, lender gets rich, party official gets rich. 2008-2009 RMB 4trn stimulus is the payday system the operators were waiting for, a once in a lifetime chance." Continue reading →

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Rural Chinese children ‘left behind’ as parents join mass migration to the cities

"For more than 20 years China’s government has encouraged the rural poor to move to cities as a way to boost growth and lift living standards. The country now has 263 million migrant workers, and new leaders who took office this year have renewed the drive to urbanise. But while city wages are higher, so are their costs of living, exacerbated by a 'hukou' residency system that bars Chinese from receiving benefits such as healthcare and schooling outside their registered hometown. Nearly half of left-behind children live with neither of their parents. Almost 70 percent of those stay with grandparents. A quarter have other guardians, and seven percent survive on their own." Continue reading →

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UK Porn Filter: Censorship Extends Beyond Pornography, But One ISP Is Fighting Back

"One U.K. ISP, TalkTalk, already has 'The HomeSafe System,' which was singled out for praise by David Cameron when announcing the new policy. It gives another good idea of the kind of Internet censorship the British government is looking to implement. HomeSafe is actually operated by Huawei, a Chinese company that both the U.K. and the U.S. accused of having close ties with the Chinese government. The U.S. has branded Huawei a threat to national security. ISPs will be able to use whatever filter system they like, so many may not choose to be associated with Huawei. Others are refusing to take place in the filters at all." Continue reading →

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Eric Margolis: Japan Must Face Up To China

"The 1960 US-Japan Security Treaty laid the foundation of relations between Washington and Tokyo. [...] The key to the treaty was the establishment of permanent US air, land, and sea bases in Japan. They remain, half a century later. Japan thus became a giant US aircraft carrier from which it dominates highly strategic North Asia. In exchange, Japanese industry was given open access to the US market, thus laying the base of Japan’s economic upsurge of the 1960’s. South Korea enjoyed a similar deal. This cozy arrangement is now being challenged by the rapid rise of China’s military and economic power." Continue reading →

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Paul Craig Roberts: The Two Faux Democracies Threaten Life On Earth

"The Pentagon’s 'AirSea Battle' and Lieber and Press’ article in Foreign Affairs have informed China and Russia that Washington is contemplating pre-emptive nuclear attack on both countries. To ensure Russia’s inability to retaliate, Washington is placing anti-ballistic missiles on Russia’s borders in violation of the US-USSR agreement. Because the American press is a corrupt government propaganda ministry, the American people have no idea that neoconized Washington is planning nuclear war, or of former President Jimmy Carter’s recent statement, reported only in Germany, that the United States no longer has a functioning democracy." Continue reading →

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Bill Bonner: Where will China be in 6 months…or 6 years?

"Where will China be in 6 months...or 6 years? It is impossible to know. Goldman Sachs reduced its estimates of China's growth. But it has no better idea than Paul Krugman or anyone else. The Chinese could surprise us in either direction; the economy could be much worse than expected...or much better. But one thing does appear to be happening. After 20 years of spectacular growth, China is looking for a new way forward." Continue reading →

Continue ReadingBill Bonner: Where will China be in 6 months…or 6 years?

Bill Bonner: Where will China be in 6 months…or 6 years?

"Where will China be in 6 months...or 6 years? It is impossible to know. Goldman Sachs reduced its estimates of China's growth. But it has no better idea than Paul Krugman or anyone else. The Chinese could surprise us in either direction; the economy could be much worse than expected...or much better. But one thing does appear to be happening. After 20 years of spectacular growth, China is looking for a new way forward." Continue reading →

Continue ReadingBill Bonner: Where will China be in 6 months…or 6 years?

2013 Bitcoin Mid-Year Review and Outlook

"The past six months may one day prove to be among the most important in bitcoin’s history. As global events sparked increasing need for frictionless wealth transfers, bitcoin’s popularity ballooned and ignited a conversation that will likely continue to flourish in the years to come. Growth in bitcoin’s value was outpaced only by the incredible interest from entrepreneurs, investors and the press. In this 27-page report we cover the major events from the first half of 2013 and what to look out for in the months ahead." Continue reading →

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Bitcoin exchange opens in Hong Kong

"Anti-money laundering and know-your-customer compliance is easier for banking and financial institutions when they deal with virtual currency exchanges rather than cash, says the founder of what may be Hong Kong’s first licensed Bitcoin exchange. Aurélien Menant, a former investment banker at Société Générale and now chief executive and founder of Gate Digital Services, said Bitcoin’s traceability feature would help institutions with compliance and risk management." Continue reading →

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