Published on Jun 19, 2014
” I wrote a full story about this video and getting detailed by the Chinese police! Check http://www.stuckincustoms.com/2014/06… – I also have more about how I made the video, equipment, etc etc.
This music is by the great Jon Hopkins. This song is called “A Drifting Up.” “
Tag Archive: China
” Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.
Basically, the method used by the IMF adjusts for purchasing power parity, explained here.
The simple logic is that prices aren’t the same in each country: A shirt will cost you less in Shanghai than in San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities. “
Heck of a job , Barack … read more
” Hong Kong police said Saturday that they have arrested 19 people, some of whom are believed to have organized crime ties, after mobs tried to drive pro-democracy protesters from the streets where they have held a weeklong, largely peaceful demonstration.
At least 12 people and six officers were injured during the clashes, district commander Kwok Pak-chung said at a pre-dawn press briefing. Protest leaders called off planned talks with the government on political reforms after the battles kicked off Friday afternoon in gritty, blue-collar Mong Kok, across Victoria Harbor from the activists’ main protest camp.
Police struggled for hours to control the battles as attackers pushed, shoved and jeered the protesters. Those arrested face charges of unlawful assembly, fighting in public and assault, Kwok said, adding that eight men are believed to have backgrounds involving triads, or organized crime gangs.”
For those who might be interested in the growing student protests and increasing crackdown of same by the Chinese authorities we provide the reader with a pair of live feeds from Hong Kong .
The above feed is from Ustream subscriber 本台設有下載區及網誌 Mee JTV
The second feed is from 佔領中環直播 Occupy Central,Hong Kong Live
Bear in mind that these feeds sometimes cease broadcasting for a time but usually go live again fairly quickly so keep checking back for the latest developments .
” Chinese e-commerce giant Alibaba Group Holding Ltd. is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world’s largest ever initial public offering.
The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker “BABA.”
Investors, keen to buy into China’s rapid growth and evolving Internet sector, have been clamoring to get shares since top executives at Alibaba, including co-founder and executive chairman Jack Ma, kicked off the road show last week.
Alibaba, which handles more transactions than Amazon.com Inc. and eBay Inc. combined, boosted the IPO price range to between $66 and $68 a share due to the strong demand.
At the top end of that range, the IPO would raise almost $22 billion, but if underwriters exercise an option to sell more shares, Alibaba’s market debut will top Agricultural Bank of China Ltd.’s record $22.1 billion listing in 2010.”
” This enormous megayacht concept comes from the specialist superyacht division of the Chinese CIMC Raffles shipyard. She follows the sale of the yard’s 88.8 metre new build superyacht Illusion, which is due for delivery in late 2015.”
Here is a video of Illusion …
” Based on her smaller sistership Illusion, Estatement was designed by Sinot Exclusive Yacht Design. She will feature an 18.1 metre beam, a steel hull and an aluminium superstructure with a displacement of 5,500 gross tons.
Her spacious, contemporary interior will accommodate 22 guests in a master stateroom, two VIP cabins and eight double cabins. She will also be able to accommodate 35 crew.
With a fuel capacity of 300,000 litres, Estatement will have a cruising speed of 15 knots and a top speed of 17.5 knots. She is expected to have a range of 6,000 nautical miles.
As well as presenting the Estatement concept, Pride Mega Yachts will also be providing an update on Illusion‘s building progress at the Monaco boat show. “
Overall length: 115 m
Maximum beam: 18.1 m
Maximum draft: 4 m
Gross tonnage: 5,500 GRT
Maximum speed: 17.5 KT
Cruising speed: 15 KT
Range: 6,000 nautical miles
Fuel capacity: 300,000 liter
Fresh water capacity: 75,000 liter
Hull material: Steel
Superstructure material: Aluminum
22 persons 8 double cabins, 2 VIP cabins, owner stateroom
Crew capacity 35 persons
14 double cabins, 6 staff, 1 captain)
2 x sports tender, 1 x limo tender, 4-6 wave runners
Pride Mega Yachts
Exterior & Interior Design
Sinot Exclusive Yacht Design “
Thanks to BoatInternational
See here for more on the Monaco Yacht Show
” The use of 3D printers in the medical field took another step forward this week after a group of Chinese surgeons successfully implanted an artificial vertebrae replacement in a patient. The procedure is considered to be the first of its kind.”
” Doctors at Beijing’s Peking University Third Hospital were able to replace the second vertebrae on a 12-year-old boy identified as Minghao. According to China Central Television, Minghao was diagnosed with cancer after injuring his neck while playing soccer. Doctors treating Minghao for the neck injury identified a malignant tumor on the boy’s spine.”
” Oh, goody. It’s 13F time, when mere mortals like us get to see how the big boys rolled the dice in the last quarter.
Among the highlights, Soros Fund Management increased a bear-call bet on the S&P 500 in a huge way. The fund lifted a put position — a bet the market will go lower — on the S&P 500 ETF SPY +0.29% to its biggest size yet, in terms of value and portfolio percentage, making a 605% leap over the previous quarter.
Bullion Baron, who has long kept a beady eye on Soros’s SPY moves, has summed up the latest dealings. He speculated that this could be a hedge — or Soros is really worried about something. One possible something is China, which the hedge-fund titan referred to as a global uncertainty earlier in the year, notes the Baron.
Soros also lifted positions in Apple and Facebook, so it seems he can’t be all that gloomy. As for that China unease, WSJ’s MoneyBeat reports that China bears are entrenched and see stocks headed for a big fall. One strategist says it’s not good to see that stocks there have been rallying on both good and bad economic news.
“ In [a] market frenzy, it is difficult to keep a cool head. But if things don’t add up, it will eventually fall apart,” Hao Hong, Bank of Communications international strategist, tells MoneyBeat.
Now the only problem here, says the Baron, is that if things go pear-shaped in China, that’s not great news for equity markets anywhere, especially those at overvalued levels.”
Read more and see also …
” Legendary investor George Soros nearly doubled his ownership in a U.S. gold mining companies ETF and initiated new stakes in other gold producers, suggesting the big names in hedge funds continued to have confidence in the yellow metal. “
” China last month conducted another test of a satellite-killing missile that reflects Chinese efforts to weaponize space, the commander of the U.S. Strategic Command said Wednesday.
“ It’s very problematic to see China working to weaponize space in tests like this one they just had, and so [it’s] very concerning to me as the U.S. Strategic Command commander, and to our nation at large, given our dependency on that capability,” said Adm. Cecil D. Haney, Strategic Command chief.
Haney, speaking to reporters after remarks to a Stratcom-sponsored conference on nuclear deterrence, also voiced worries about the recent increase in Russian strategic nuclear bomber incursions into U.S. air defense identification zones near Alaska and close to U.S. territory.
“ I will say that the business of them coming close to the United States of America, we take very seriously,” said the four-star admiral who is in charge of U.S. nuclear warfighting forces.
The blunt comments about Chinese weaponization of space are unusual and followed the July 23 test of what U.S. officials said was China’s low-earth orbit DN-1 anti-satellite interceptor. It was the latest ASAT test by China that both Pentagon and State Department spokesmen described as a “non-destructive” prototype.”
” Dwindling in numbers, whale sharks are protected in China – and black market salesmen are punished with hefty fines. But when fisherman Cai Chengzhu, 48, spotted this 16-foot-long, two-tonne beast, he could not resist having a go. He heaved it to shore and dragged it to the street.Then, incredibly, he dumped it onto a truck – and drove it for half-an-hour to the nearest market.
Regulation states the valuable whale sharks, which can live for up to 100 years, should be set free immediately if caught. But Cai, from Xianghzhi, in the far-eastern province of Fujian, admitted he planned to sell the creature from 10,000 to 20,000 yuan (around £1,000 to £2,000). “
” Six people who are believed to be members of a religious cult have been arrested over the beating to death of a woman at a McDonald’s restaurant in eastern China, police said Saturday.
Four of the six are members of the same family and allegedly attacked the woman because she refused to give them her phone number, Zhaoyuan police said on their microblog.”
” Authorities said the group belong to an organisation that called itself the “All-Powerful Spirit” and has been conducting a drive for new members. They were looking to recruit the unidentified woman, according to the official Xinhua news agency.
All-powerful spirit, or “Quannengshen”, was founded in the northeastern province of Heilongjiang in the early 1990s and later spread to the country’s eastern provinces, the newspaperSouthern Metropolis Daily reports.”
” Vietnam and China traded barbs over the sinking of a Vietnamese fishing boat, their most serious bilateral standoff since 2007 as China asserts its claims in the disputed South China Sea.
“ It was rammed by a Chinese boat,” Vietnamese Foreign Ministry spokesman Le Hai Binh said by phone of the Vietnamese vessel, with the crew of 10 rescued after the scrap. The incident occurred after some 40 Chinese fishing vessels encircled a group of Vietnamese boats in Vietnam’s exclusive economic zone, the government in Hanoi said in a statement on its website.”
” China said the Vietnamese vessel capsized after it rammed a Chinese fishing boat, having intruded into a “precautionary area” around an oil rig that China has located near islands claimed by both Vietnam and China.
“ We once again urge the Vietnamese side to stop immediately all kinds of disruptive and damaging activities and avoid in particular dangerous actions on the sea,” Chinese Foreign Ministry spokesman Qin Gang told reporters in Beijing.
China’s 2012 success in assuming control of the Scarborough Shoal, an area previously overseen by the Philippines, highlighted to nations from Vietnam to Japan the potential consequences of the Chinese push to assert claims in neighboring bodies of water. Yesterday’s incident came after Chinese aircraft flew close to Japanese planes on May 24 in disputed airspace in the East China Sea, and days before U.S. Defense Secretary Chuck Hagel visits Singapore for a regional meeting of defense officials.”
” A Chinese man with a kitchen knife attacked first- and second-graders at a school in central China on Tuesday, injuring eight children, local authorities said.
The government of Macheng city in Hubei province said the man, identified as 35-year-old Chen Zuihang, was detained following the attack. It said on its website that police were investigating the motive.”
” Alibaba is China’s — and by some measures, the world’s —biggest online commerce company. Its three main sites — Taobao, Tmall and Alibaba.com — have hundreds of millions of users, and host millions of merchants and businesses. Alibaba handles more business than any other e-commerce company.
Alibaba is the most popular destination for online shopping, in the world’s fastest growing e-commerce market. Transactions on its online sites totaled $240 billion last year, more than those of eBay and Amazon.com combined.”
” After it goes public, Alibaba is expected to be one of the most valuable tech companies in the world. It will also be one of the most valuable Chinese public companies, ranking among some of the country’s state-owned enterprises.”
” By the time Microsoft warned customers of a nasty security hole in its web browser Saturday, a sophisticated group of attackers were already using the vulnerability against defense and energy companies, according to FireEye, the security company.
Things went from bad to worse over the weekend. FireEye’s researchers watched as the attackers shared their exploit with a separate attack group, which began using the vulnerability to target companies in the financial services industry, according to Darien Kindlund, the director of threat intelligence at FireEye.
Even after Microsoft issued its advisory on Saturday, Mr. Kindlund said, “There was a notable increase in proliferation.”
Soon, the attackers were using the vulnerability for so-called watering hole attacks, in which hackers infect a popular website with malware, then wait for victims to click to the site and infect their computers.”
” The US is on the brink of losing its status as the world’s largest economy, and is likely to slip behind China this year, sooner than widely anticipated, according to the world’s leading statistical agencies.
The US has been the global leader since overtaking the UK in 1872. Most economists previously thought China would pull ahead in 2019.
The figures, compiled by the International Comparison Program hosted by the World Bank, are the most authoritative estimates of what money can buy in different countries and are used by most public and private sector organisations, such as the International Monetary Fund. This is the first time they have been updated since 2005.
After extensive research on the prices of goods and services, the ICP concluded that money goes further in poorer countries than it previously thought, prompting it to increase the relative size of emerging market economies.
The estimates of the real cost of living, known as purchasing power parity or PPPs, are recognised as the best way to compare the size of economies rather than using volatile exchange rates, which rarely reflect the true cost of goods and services: on this measure the IMF put US GDP in 2012 at $16.2tn, and China’s at $8.2tn.”
Read the whole disgraceful news item at Financial Times. Can’t say he didn’t warn us .
Here we have a collection of bizarre bans instituted at one time or another by States around the world . Have a look and a laugh …
We can easily envision some of the more totalitarian states around the globe proscribing certain names , as a matter of fact Saudi Arabia just issued an edict banning certain “Christian” names , but Denmark ? The land of anything goes , in the “tolerant” EU ?
Here is one more example , again from a “tolerant” EU country , this time France …
Yes readers , apparently French culture is such a delicate flower that the authorities felt the need to protect their citizens from the well known effects of addiction to the famous American condiment . We guess the “haughty French looking”
Senator , er , Secretary of State John “Heinz” Kerry does not wield the clout his shrew of a wife would prefer .
Along with these two bizarre bans the reader can see which countries felt the need to ban such other mundane items as chewing gum , the color yellow , Scrabble and even Valentine’s Day . Visit the Chive to see more .
” Curious what the real, and not pre-spun for public consumption, sentiment on the ground is in a China (where the housing bubble has already popped and the severe contraction in credit is forcing the ultra wealthy to luxury real estate in places like Hong Kong) from the perspective of the common man? The photo below, which shows hundreds of people rushing today to withdraw money from branches of two small Chinese banks after rumors spread about solvency at one of them, are sufficiently informative about just how jittery ordinary Chinese have become in recent days, and reflect the growing anxiety among investors as regulators signal greater tolerance for credit defaults.
Domestic media reported, and a local official confirmed, that ordinary depositors swarmed a branch of Jiangsu Sheyang Rural Commercial Bank in Yancheng in economically troubled Jiangsu province on Monday. The semi-official China News Service quoted the bank’s chairman, Zang Zhengzhi, as saying it would ensure payments to all the depositors. The report did not say how the rumour originated.
Chen Dequn, a resident in Yandong, just outside Yancheng, said she saw a crowd of about 70 to 80 people gathering in a branch of Sheyang Rural Commercial Bank in her town on Tuesday.”
ZeroHedge has more
Image Credit: Reporters Without Borders
” While press freedom seems to be in a troubling downward trajectory in the U.S., Internet freedom is not looking much better either.
Reporters Without Borders recently announced its annual “Enemies of the Internet” list, and it is a real doozy this year. There are some of the usual suspects — China, Sudan, Iran, North Korea and Cuba — but there are also a few surprising additions to the list — especially the U.S. and the U.K.
Take a look at the map … “
We in the west should be so proud . Look at the details of the map and hang your heads in shame .
” “How will so-called democratic countries be able to press for the protection of journalists if they adopt the very practices they are criticizing authoritarian regimes for?” asked the report.
Check out this interactive version of the map for a more detailed look at Internet censorship around the world.”
- ” Saudi Arabia: prime centre of content blocking
- Bahrain: No Internet spring
- United Arab Emirates: Tracking “cyber-criminals”
- USA: NSA symbolises intelligence services’ abuses
- Cuba: Long live freedom (but not for the Internet)!
- Syria: online tracking is a family affair
- Iran: Cyberspace ayatollahs
- Russia: control from the top down
- Arms trade fairs: Surveillance dealerships
- United Kingdom: World champion of surveillance
- Belarus: Apparatus of repression
- Uzbekistan: Welcome to digital tyranny
- Pakistan: Upgraded censorship
- India: Big Brother up and running
- Vietnam: Targeting bloggers
- China: Electronic Great Wall getting taller
- Turkmenistan: News black hole
- North Korea: the Web as a pawn in the power game
- Sudan: Scoring high in censorship
- Ethiopia: full online powers“
The leaders of the US and UK should be absolutely ashamed of themselves to find the homes of the Magna Carta and Declaration of Independence / Constitution / Bill Of Rights in company with the above mentioned dictatorships , oligarchies and theocracies . One can practically feel the earth tremble as the Founding Fathers turn over in their graves .
” China is braced for a wave of industrial bankruptcies as its slowing economy forces companies with sky-high debts to the wall, the country’s premier has said.
Premier Li Keqiang told lenders to China’s private sector factories they should expect debt defaults as the world’s second largest economy encounters “serious challenges” in the year ahead.
Speaking after the annual session of the national people’s congress, Li Keqiang said: “We are going to confront serious challenges this year and some challenges may be even more complex.” He told lenders to China’s private sector factories they should expect debt defaults.
Li said China must “ensure steady growth, ensure employment, avert inflation and defuse risks” while also fighting pollution, among other tasks.
” So we need to strike a proper balance amidst all these goals and objectives,” he added. “This is not going to be easy,” he said.
Li’s warning followed the failure of Shanghai Chaori Solar Energy to make a payment on a 1bn yuan (£118m) bond last week. The default was the first of its kind for China and widely seen as pointing to the end of 11th-hour government bailouts for troubled enterprises.” “
The Guardian has the details
” China’s official Xinhua News Agency says authorities consider the attack by a group of knife-wielding assailants at a train station in southwestern China in which at least 27 people died to be an act of terrorism.
Xinhua did not identify who might have been responsible for the Saturday evening attack at the Kunming Railway Station in Yunnan province. But the news agency said authorities considered it to be “an organized, premeditated violent terrorist attack.” “
” In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China.
Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game. In November, I wrote about how the central bank of China has announced that it is “no longer in China’s favor to accumulate foreign-exchange reserves”. That means that the pile of U.S. dollars that China is sitting on is not going to get any higher.
This week, we learned that China started to dump U.S. debt during the month of December. Many have imagined that China would try to dump a flood of our debt on to the market all of a sudden once they decided to exit, but that simply does not make sense. Instead, it makes sense for China to dump a bit of debt at a time so that the market will not panic and so that they can get close to full value for the paper that they are holding.
As Bloomberg reported the other day, China dumped nearly 50 billion dollars of U.S. debt during the month of December… “
The profligate spending of our ruling class over the past few decades is about to come back and bite us on the **s . Do you speak Chinese ? You might want to learn . Read the rest of this alarming report .
A parting shot to make you sit up and take notice …
” So if China is not going to stockpile U.S. dollars or U.S. debt any longer, what is it going to stockpile?
It is going to stockpile gold of course. In fact, China has been voraciously stockpiling gold for quite some time, and their hunger for gold appears to be growing.”