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China's Biggest National Security Threat - Economic Sabotage [Copy link] 中文

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Post time 2015-6-10 06:10:25 |Display all floors
The pattern is now clear.  As China's challenges by neighbors and foes on her sovereign territories, at sea and on land, are increasing, a parallel collapse of its economy due to internally created policies is taking place.  The timing is unmistakable.  China's biggest security threat is actually from within.

Due to a self-imposed overvaluation of the Yuan, China's manufacturing sector is now sick, China's source of income, exports that account for 30% of its GDP, is dereasing, and China's social stability, rooted in its ability to provide jobs and adequate pay, is undergoing liquefaction.  The looming so-called "room for action" touted by its captain of the economy is nothing more than using inflation to combat a self-infliicted exchang-rate-produced recession.  But, there is no real nutritive value in inflation.  It merely flushes out the purchasing power from the savings of the public to be used for current purchases, accelerating the decline in their savings, their only hope of survival in a sea of trouble, which in the end, will even be taken away from them.

It is time for those who are responsible for the overvaluation of the Yuan exchange rate to reverse their mistaken course, or step down from their jobs.  They are China's biggest security threat, over and above the rising challenges of foreign powers to China's right to exist as a sovereign country, with its sacred inviolate sovereign territory.  Before China can fight, it must be able to feed its stomach.  And the problem is in the cook, who is serving China an indigestible menu of overpriced goods abroad and at home.  Before the general can move on, he needs to change the cooks.



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Post time 2015-6-10 11:09:55 |Display all floors
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Post time 2015-6-10 15:32:05 |Display all floors
seneca Post time: 2015-6-10 11:09
You are the only one who complains about the Chinese currency's exchange value. How selfish of you ...

I am sure you care a lot more for China.  :)

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Post time 2015-6-11 09:00:37 |Display all floors
This post was edited by abramicus at 2015-6-11 12:58

LABOR STRIKES RISING ACROSS CHINA . . . DUE TO YUAN OVERVALUATION?

Based on the data of the China Labour Bulletin in Hong Kong - veracity of which is not guaranteed - the number of labor-related strikes in China was only about 84 in the second quarter of 2012, but ending the first quarter of 2015, it has reached about 650 for that quarter alone.  The rate of increase of labor strikes is about 17-18% per quarter, or 70% per year, and is currently about 6 times the number of strikes in the second quarter of 2012, a mere 3 years ago.  

It is time that the Economic Team show some responsibiity, and either step down, or reverse its overvaluation of the Yuan, without lowering the interest rate or bank reserve ratio, which would only create inflation, not increase production.  All that needs to be done is to stop the PBOC from buying Yuans with China's foreign currency reserves until the Yuan exchange rate falls to 6.50 CNY/USD.  Simple and easy, without creating any inflation, because it solves the problem at the source.

Or, are we to assume that these "financial wizards" are much better than the architects and engineers of the 2008 derivatives meltdown of Wall Street?  If even half a dozen Nobel Prize winners in economics could not foresee nor forestall the financial crisis of 2008, who are these fellows to feel so cocksure of themselves, in the face of such contradictory data?

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Post time 2015-6-11 10:56:42 |Display all floors
This post was edited by abramicus at 2015-6-11 13:11

This picture is worth a thousand words.  What can we say about this dramatic rise in labor strikes in China?  If this is not reversed, China's social order would melt down soon.  Forget about the "room for action" (the lowering of interest rate and bank reserve ratio to bring about inflation that makes the problem worse and is not the answer), which is a false hope that only delays the real, urgent solution.  In actuality, there is ABSOLUTELY NO ROOM FOR INACTION.  "Lower the Yuan exchange rate to 6.50" is the one and only, urgently needed answer, before the dams of social order start leaking, and social unrest floods the land from ten thousand overflowing creeks and rivers.







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Post time 2015-6-12 13:16:16 |Display all floors
This post was edited by abramicus at 2015-6-12 13:17

事到如今, 还有什么一定不一定?

WITH THE INCIDENCE OF LABOR-RELATED STRIKES ACCELERATING UNDER THE PRESENT OVERVALUED YUAN EXCHANGE RATE STATUS QUO, DOING NOTHING IS EQUIVALENT TO ALLOWING CHINA'S LABOR UNREST TO KEEP BALLOONING.  DOING NOTHING ABOUT THE YUAN EXCHANGE RATE IS EQUIVALENT TO WATCHING CHINA'S SOCIAL ORDER SELF-DESTRUCT.  

THIS IS NOT ACCEPTABLE AT ALL.

THERE IS NO ROOM FOR ACTION BUT FOR LOWERING THE YUAN EXCHANGE RATE TO 6.50 CNY/USD, AND THERE IS NO ROOM FOR INACTION WHICH IS TO ALLOW THE CHAIN REACTION OF LABOR AND SOCIAL UNREST TO SPREAD THROUGHOUT THE COUNTRY LIKE WILDFIRE.

XI HAS DONE AN EXCELLENT JOB BEATING AND JAILING THE BIG CATS AND SWATTING THE FLIES, NOW IS THE TIME TO CATCH THE FOXES HAVING A FEAST INSIDE THE CHICKEN KOOP.

TIME TO SAVE ESPECIALLY THE GEESE OF THE FARM, WHO ARE LAYING THE GOLDEN EGGS OF CHINA, AND CATCH THE FOXES CLAMPING DOWN ON THEIR NECKS WITH SUFFOCATING OVERVALUATION OF THE YUAN EXCHANGE RATE.

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Post time 2015-7-2 10:29:21 |Display all floors
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