Category Archives: China

Chinese Communists: Corruption, Okay; Reform, No Way

Corruption creep is the thing that frightens me most about American businesses.  The unfortunate trend is that business goes either to the highest under-the-table bidder, or to the most well-connected deep pockets.  Well, it’s not only a concern in the U.S., even the Chinese Communist Party is concerned about it in their own country.  For some hardliners, the report delivered by General Secretary Hu Jintao last week was hard to reconcile. He warned that China could collapse under the weight of corruption and lack of political integrity, but at the same time he signaled that reform should not be overly aggressive.  In other words, he’s paying just the appropriate amount of lip service to the problem.  Just enough to let everyone know, he’s not serious about the problem.

Read Tom Lasseter’s McClatchy News Service article here:

http://bit.ly/RD6vEt

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China Facing Major Societal Shifts

Everyone is talking about the economic woes of the West.  The United States, Europe, especially Greece dominate the airwaves when talking about economic risk.  However, the smart money is watching China.  China has the second largest economy in the world, and became that big almost overnight.  With economic progress, along with an aging leadership and a restless youth among their population of nearly 1.5 Billion — with a “B” – China is looking at their own “fiscal cliff”.  Faced with mounting social pressures and concerns about corruption in the ranks of the ruling class, the Chinese Communist Party on Thursday stacked its all-powerful Politburo Standing Committee with men who are nearing retirement.  That’s China’s way of putting them out to pasture, while preparing the young Turks to deal with the whatever emerges in their wake.  Here’s one:  How does a country know when it’s arrived on the global stage?  When they actually start caring about the well-being of there people.  China is there, I mean here.

Read Tom Lasster’s McClatchy Newspaper article here:

http://bit.ly/XNrs4m

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Macau: China’s Vegas Rife With Cultural “Intricacies”

If you think anything goes in Vegas, imagine Vegas times 3, literally.  Macau has three times the revenue of Vegas.  If Vegas were able to make its own rules – with no State or Federal constitutions or statutes to answer to – it would be more out of control than it is.  Throw in a completely unregulated port and free trade zone, and you can just imagine the potential for random insanity.  If you can imagine these things, then you can imagine Macau, Asia’s gaming capital and destination.  However, although there are no rules except those the local government divines, Macau is surprisingly progressive and stable.  For example, it was a founding member of the World Trade Organization, has the longest life-span in the world, and is incredibly generous, even with non-citizens.  Now, as the rest of China continues to be exposed to Western values, virtues, and vices, it is difficult to consider its citizens as part of an integrated China.

Read Kelvin Chan’s Miami Herald article here:

http://hrld.us/TyFzbo

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China Opens World’s Longest Fast Train Line

The advantages of a one party system:  You get stuff done.  The Chinese don’t spend a lot of time wringing their hands about electoral consequences, they don’t have to.  The country needs a bridge, they build it.  The country needs high-speed rail, they build it.  As an example, China has opened the world’s longest high-speed rail line, which more than halves the time required to travel from the country’s capital in the north to Guangzhou, an economic hub in southern China.  Just because it was needed.  There’s something to be said for getting stuff done.

Read Miami Herald article here:

http://hrld.us/Ub9HGP

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China Opens World’s Longest Fast Train Line

China Has an Army of Hackers, Literally

Boot Camp has a whole new meaning in cyberspace.  Your physical condition doesn’t matter, in fact, you’re encouraged to sit in a chair all day and stare at a computer screen. For example, China, as they have a tendency to do with many things, is taking hacking to a whole new level.  They are not leaving it to a random collection of geeks.  China is literally enlisting tens of thousands of hackers in their all-out war on every aspect of U.S. life.  Does that sound like hyperbole?  Well, if you read the latest report on the matter, there seems to be little doubt that an overwhelming percentage of the attacks on U.S. companies and government agencies come from a Chinese Army barracks outside of Shanghai.  This is our era’s Red Dawn.

Read David E. Sanger, David Barboza and Nicole Perlroth’s The New York Times article here:

http://nyti.ms/15sOQX9

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China Has an Army of Hackers, Literally

China Likes Mexico and Mexicans

China’s leader is a guest who brings lots of gifts and lingers.  President Xi Jinping, on the second day of an unhurried three-day visit to Mexico, spoke to the nation’s Senate earlier this week, then left for City Hall and prepared to visit the nation’s most renowned Mayan pyramid before heading on to California later in the week.  Basically, China has so much capital they need to deploy they’re covering all bases, and taking their time about it.

Read Tim Johnson’s Miami Herald article here:

http://hrld.us/15E0zkD

Brought to you by Miami International Business Attorney

China Likes Mexico and Mexicans

Nicaragua v. Panama, on Canal Street

One thing you have to give to the Chinese:  They are doing big things with all that money they have.  They’re not just buying stuff, they’re building stuff, stuff that will last for generations.  For example, in a matter of weeks, a little-known Chinese tycoon has hired some of the world’s top experts in mammoth infrastructure projects and pushed through Nicaragua’s congress a bill granting him the exclusive right to develop a multibillion-dollar rival to the Panama Canal.  This project has been on the drawing boards for generations.  But, in the world we live in these days, what China wants, China gets.

Read Luis Manuel Galeano and Michael Weissenstein’s Miami Herald article here:

http://hrld.us/179kSey

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New Challengers to China’s Low-Wage, High-Growth Model

What goes up, must come down.  By all measurements, at least two of the BRIC countries – Brazil and China — have come off the boil.  Now the Private global intelligence firm Stratford has come up with a post-China 16 list of countries that could follow China’s low-wage, high-growth strategy to emerging status.  The MIST countries – Mexico, Indonesia, South Korea, and Turkey – are a cut above that, but they are fast closers.  But to be sure, neither China nor Brazil are going to disappear, they’ve just come back to earth.

Read Mimi Whitefield’s Miami Herald article here:

http://hrld.us/19Nxbek

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New Challengers to China’s Low-Wage, High-Growth Model

U.S. and Chinese Militaries Play Nice Together

It’s no secret.  The U.S. is the world leader in marketing and sales of military equipment.  The Chinese have a lot of discretionary income and are trying to throw their weight around Asia, if not the world.  So, instead of blatantly stealing U.S. military hardware, why not simply buy or co-opt it!  It’s a better business model.  A top American military commander said this week that the United States Army was working to start a formal dialogue and exchange program with the Chinese People’s Liberation Army before the end of the year.  Why not, we have common frenemies:  Russia, North Korea, India, and Pakistan.

Read Edward Wong and Andrew Jacobs’s New York Times article here:

http://nyti.ms/1k0fMn9

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Asia: Gambling Boom Staying Local

Although Genting has so far been unsuccessful in cracking the U.S. Market through a substantial toehold in Miami, that hasn’t stopped its competitors from expanding in their own back yard. Inspired by the success of Macau and Singapore, gambling entrepreneurs are building glitzy Las Vegas-style resorts all over the Asia. The Chinese may have been slow to capitalism, but they seem to be quick studies when it comes to materialism.

Read Kelvin Chan’s Miami Herald article here:

http://hrld.us/PEVLWO

Brought to you by Bob Arnold from Miami International Business Attorney.