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Little Problem in Big China

Started by Tromotorac, August 30, 2010, 06:21:43 PM

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Tromotorac

Zli jezici vele da je guverner Kineske narodne banke zbrisao iz zemlje (Kine).  Clanak u Stratforu

http://www.stratfor.com/analysis/20100830_china_rumors_central_bank_chiefs_defection?utm_source=GWeekly&utm_medium=email&utm_campaign=100830&utm_content=GIRtitle&elq=4bde1474556f419c97a707f7bc96b192


China: Rumors of the Central Bank Chief's Defection
August 30, 2010 | 1406 GMT


LIU JIN/AFP/Getty Images
People's Bank of China Gov. Zhou XiaochuanRumors have circulated in China that People's Bank of China (PBC) Gov. Zhou Xiaochuan may have left the country. The rumors appear to have started following reports on Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying that because of an approximately $430 billion loss on U.S. Treasury bonds, the Chinese government may punish some individuals within the PBC, including Zhou. Although Ming Pao on Aug. 30 published a report on its website indicating that the prior report was fabricated by a mainland news site that had attributed the false information to Ming Pao, rumors of Zhou's defection have spread around China intensively, and Zhou's name has been blocked from Internet search engines in China.

STRATFOR has received no confirmation of the rumor, and reports by state-run Chinese media appeared to send strong indications that Zhou is in no trouble at the moment. However, the release of this rumor and its dispersion throughout the public is significant, particularly as the Communist Party of China (CPC) is preparing for a leadership transition in 2012.

Chinese state-run media and official government websites have run several high-profile reports about Zhou, which should be seen as an attempt to refute the rumors. The PBC website published two articles on its homepage reporting on Zhou's meeting with visiting Japanese Financial Services Minister Shozaburo Jimi during the third China-Japan high-level economic dialogue as well as a meeting with an Italian delegation. Xinhua news agency reported that Zhou told the PBC Party Committee Enlargement meeting on Aug. 30 it should "continue to implement justice and strengthen legislative work in the financial system." Prior to this news, Zhou appeared at the 2nd annual conference of the heads of the Chinese, Japanese and Korean central banks held on Aug. 3, and his most recent public appearance was Aug. 10 for China's Financial System Anti-corruption Construction Exhibition.

Zhou is known to have lofty political ambitions and is believed to be a close ally to former Chinese President Jiang Zemin, as well as a core figure for Jiang's "Shanghai Gang." There has been no shortage of rumors about Zhou's possible dismissal in the past five years, as he is believed to be associated with several high-level financial scandals. For example, Zhou was rumored to be under "shuanggui," a form of house arrest administered by the CPC, during the massive crackdown of Shanghai Party Secretary Chen Liangyu in 2006, which was perceived in the country as a crackdown of the Shanghai Gang and part of President Hu Jintao's effort to consolidate power ahead of the 2007 power transition. There was also a rumor that he might have been detained following the investigation and arrest of Wang Yi, the vice governor of the China Development Bank, along with several other officials in the financial circle. Currently, several financial scandals are still under investigation, and it is likely that Zhou, as PBC governor and one of the most powerful economic players in the country, could be associated with some cases. Therefore, whether or not the rumor is true at this time, the leaking of this news is very likely to be associated with a power struggle within the Communist Party's economic hierarchy



Read more: China: Rumors of the Central Bank Chief's Defection | STRATFOR
The bums will always loose.

zagor te nej

Nesto ne vidim kako su mogli da izgube pare na US Treasuries kad je to asset class koji ove godine ima fenomenalan performance...
"Prediction is very difficult, especially of the future."
Niels Bohr

Hate mail

"You! Yes, you! Stand still, laddie!"

zagor te nej

Ko je drzao novac u UST je se razvalio od para proteklih nekoliko godina, i odrao sve zivo sem EM fixed income.
"Prediction is very difficult, especially of the future."
Niels Bohr

Che2

motorni, ne rekoh li ti ja onomad da "nahranis lajku" i nista ne diras...    :mrgreen:
Srbija - SampiJon Galaksije u Tenisu 2010!

Tromotorac

Govance, fuck off. Idi seruckaj po drugim temama.
The bums will always loose.

Che2

Srbija - SampiJon Galaksije u Tenisu 2010!

zagor te nej

China Goes Organic After Scandal of Cooking Oil From Sewers 2010-08-30 20:13:53.968 GMT


Malcolm Moore
     Aug. 30 (Telegraph) -- Organic food sales have taken off in China after a series of safety scares, including the disclosure that one in 10 meals is cooked using oil dredged from the sewer.     
The Chinese now consume more than twice as much organic food as health-conscious Japan.
     The market is worth an annual 10billion yuan (£1billion) having quadrupled in the past five years. For comparison, the British organic market is worth roughly £2billion. Interest has been promoted by a series of scares including toxic beans, contaminated milk and pork, pesticide-laced dumplings, chemically-tainted chicken, and the growing presence of what is known as "sewage oil".
     Night soil collectors typically visit the drains behind restaurants late at night to scoop up dregs of oil, which they filter and resell.
     The government, which released the figures, has promised to take action against the practice. But since there are no laws against skimming oil from drains, police have had to release any suspects.
     In April, a man was caught in broad daylight collecting oil at a sewer in Zhengzhou, Henan province, which he admitted intending to sell to street food vendors for 300 yuan a barrel.
     "There is no way to prevent this oil from returning to the food chain," said Zhen Zhiquan, 32, the manager of a company in Qingdao that turns sewage oil into biofuel.
     "Companies like us buy around 10 to 20 per cent of the oil that is dredged from the sewers, but at least 80 per cent is recycled," he said.
     Xie Lili, 25, runs an organic store on the internet. In the aftermath of the oil scare, she said she had seen "a huge increase" in demand for organic salts, oils and spices.
     "The volume is 10 to 15 times greater. People became quite scared and preferred to cook at home," she added.
     In the Shanghai suburb of Nanhui, famous for its peaches, the 4,000-acre Duoli Organic Farm was founded in 2005 and left fallow for three years to allow pesticides to seep out of the soil.
     "In Shanghai, because land is scarce and the city has 20 million people, farmers are using up to four times the recommended amount of pesticides to boost their yields," said Wang Tao, the head of the farm's quality control department. In 2009, Duoli's sales were 30 million yuan. This year, it expects revenues to more than double.
     To encourage more sustainable farming, the Shanghai government provided 140  million yuan out of the farm's 200 million yuan start-up costs. It sent scientists from local universities to help to develop new farming methods.
     Nonetheless, it would take a decade before organic food became mainstream, Mr Wang said.
     "It is very expensive, and mostly for rich people," he said.
"Also, Chinese people like to judge their food by how it looks, but organic food does not look so good. It is lumpy and has holes in it."

"Prediction is very difficult, especially of the future."
Niels Bohr

Tromotorac

Otud proistice romantizacija komunizma medju srbocetnickom emigracijom... Videti pod Trt-Che-miskop osovinom.
The bums will always loose.

Hate mail

Kakvi su to idioti. Mogli bi da ih sve kolektivno vratimo u pirincana polja dok se nisu rasirili.
"You! Yes, you! Stand still, laddie!"

Che2

drugovi, mi smo superiJorni i ovako u svakom pogledu... we will prevail no matter what!    xjap
Srbija - SampiJon Galaksije u Tenisu 2010!

Tromotorac

Ko vi? Govno-konzumeri komunisti ili govno-konzumeri cetnici?
The bums will always loose.

Che2

ljudi koji vole svoju otadzbinu srBiju, matori smradu...
Srbija - SampiJon Galaksije u Tenisu 2010!

Tromotorac

The bums will always loose.

Hate mail

Tzv. Kinezi vade sewer mashchuru, tzv. Srbi vade moshti; hehe, svashta s' budalama...
"You! Yes, you! Stand still, laddie!"

Hate mail

O, "Che", iskenjam ti se na otadzbinu a bogami i na tzv. srbiju...
"You! Yes, you! Stand still, laddie!"

Hate mail

"You! Yes, you! Stand still, laddie!"


Hate mail

"You! Yes, you! Stand still, laddie!"

Pijanista

Jeste da u Kini prze na prolivu, ali u Americi muche ... ma znate vec koga.

Hate mail

"You! Yes, you! Stand still, laddie!"

zagor te nej

Haha, na divljem zapadu su valjali zmijsko ulje, a ovi kanalizacionim prze klopu :) Asian twist, old theme :)
"Prediction is very difficult, especially of the future."
Niels Bohr

Tromotorac

Ima tu malo i socijalisticke kuhinje.
The bums will always loose.

Hate mail

"You! Yes, you! Stand still, laddie!"

Tromotorac

Quote from: Hate mail on August 31, 2010, 12:54:36 AM
A, ne: ovo je cist oloshizam.

By definition an ingredient of socialism.
The bums will always loose.

Hate mail

Move over, Hollywood: ove moroncine ce nas uveseljavati narednih tisucu godina.

http://news.yahoo.com/s/nm/20100901/od_uk_nm/oukoe_uk_china_names
"You! Yes, you! Stand still, laddie!"