Chinahasmorethan600blogpublishingsites.TheoneIuse,WXCBlogcannotbereadinChina....meaningitistimeformetofindonethatcanbereadinChina.Ontopoftheheapofthe600inChinaisBokeewithmorethan2millionvisitors.BokeeishomebasedinBeijing.WiththenumbersinChina,itwon'ttakelongtobreakeven,saysBokeefounder,FanXingdong.
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ACFTUistheAll-ChinaFederationofTradeUnions-establishedbytherulingCommunistparty.Itboastsof150millionmembers.TheACFTUispressuringWal-Marttoestablishaunion....whichdoesn'tmakesensetome.Shouldn'titbetheworkerswhoarepushingforaunion?Shouldn'tACFTUbehangingaroundthebackdoorsofthe60Wal-MartsinChinaandasking,"Areyouguyshappy?"ACFTUthinksALLforeign-fundedortransnationalcompaniesshouldunionise.
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AccordingtotheChinaBankingRegulatoryCommissionfraudandotherirregularitiesamountedto$95.9billion,up31%from2004.I'mtotallyatalosshere.Howdopeoplestealsomuchmoney?Howdotheygetawaywithit?Iftheyknowhowmuchwasstolen,orliedabout,don'ttheyknowwhostoleorliedaboutit?Surelytheydo.Whatisthefollowthrough?wheredidthemoneygo?Dotheyhavetogiveitback?TheonlythingIcanimaginethatwouldbeworsethanpeoplestealingthatmuch...[
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ThreepeoplecontractedrabiesinsouthernChina.ChineseofficialsrespondedbykillingALLthedogsinthearea...all50,000ofthem.Now,Iamnotananimalactivist.Iamnotanykindofactivist.But,officialswalkedaboutandclubbedtodeath50,000dogs.Beatthemtodeathwithsticks!
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BankofChinaisChina'ssecond-largestlender.AcoupleofmanagersatoneofBOC'ssouthernbranchesembezzled$485millionbeforegettingcaughtintheUSwheretheyhadfledusingfalseidentities.ThetwowillfacetrialinLasVegasthisyearafteranothertopexecutiverattedthemoutlastyear.ThievesinChinagetexecuted.Theirdaysareindeednumbered.TheyarelikelythankfultheyarebeingtriedintheUS.WeretheirtrialinChina,theywouldlikelybelongdeadby...[
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TheCommunistPartytookoverthecountryin1949.Afterwhich,thePartymadeChinesebankscreditagenciesforthegovernmentandstate-ownedcompanies.Untilasrecentlyasthe1990s,branchmanagersofthebankswasappointedbylocalpartycommittees.What'smore-loanswerenotexpectedtoberepaid.Thegovernmentlendedtoitself...so...Oversightwaslaxiftherewasanyatall.Fraudwasrampant.Andstill.....Investorshavepoured$37billionintotheBankofCh...[
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Wal-Martoperatesin14countries.Ithoughso,too.Isthatall?Carrefour,theFrenchretailgianthasmorestoresinmorecountries-29countriesaltogether.BothcountrieshavebeenhavingahardtimeinAsia-gettingtheirbuttskickedbytheSouthKoreans...andeventuallyleavingthatcountry.
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TheCommitteeof100CommissionedasurveytodiscoverwhatAmericansthinkaboutChina.Moreinformationaboutthisgroupcanbefoundatthelinkattheendofthispost.ThesurveyaskedCongressionalleadersseveralquestionstogettheiropinions-rightorwrong.WeunderstandthatifourCongressmenandCongresswomenthinkthesethings,well,thenthatiswhatwearesupposedtobethinking,right?Yea,Iknowitshouldbetheotherwayaround.Congressshouldbereprese...[
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TheCommitteeof100CommissionedasurveytodiscoverwhatAmericansthinkaboutChina.Moreinformationaboutthisgroupcanbefoundatthelinkattheendofthispost.ThesurveyaskedCongressionalleadersseveralquestionstogettheiropinions-rightorwrong.WeunderstandthatifourCongressmenandCongresswomenthinkthesethings,well,thenthatiswhatwearesupposedtobethinking,right?Yea,Iknowitshouldbetheotherwayaround.Congressshouldbereprese...[
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Wal-Marthatesunions.Ihateunions.But,itseemsthatGovernmentbacktradeunionsinChinahavebeentryingtoorganizeitsworkerstostandagainstforeigncompanies.TheunionsareparticularlycriticalofWal-Mart'sresistancetodealingwithunions.Hmm...Wal-MartisstillgrowinginChinaandchancesaretheywilleventuallyreachthemassivesizetheydesire,suchthattheirorders,pricesandwhatnotaresocompetitiveastobeunbeatable.
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