Chinese Building More Ghost Cities in Africa
MORE EERIE 'GHOST CITIES' POPPING UP
Shocking photographs reveal towns completely devoid of people
The Chinese have their own webbot program, and they can possibly see future events, such as the coastal flooding, or the mass relocation of populations.
WND and Jerome Corsi’s Red Alert reported just last year that Google Earth photographs of China depict city after city of vast complexes consisting of office skyscrapers, government buildings, apartment buildings, residential towers and homes, all connected by networks of empty roads – with some of the cities located in China’s truly most inhospitable locations. At the time, China had an estimated inventory of 64 million vacant homes and was building up to 20 new ghost cities a year on the country’s “vast swathes of free land.”
Analysis: Dragon tail risk: The cost of a China crash
Judging from the latest HSBC survey of China's manufacturing sector, released on Monday, there is no evidence that growth is collapsing in the world's second biggest economy.Indeed, not one of the 30 economists polled by Reuters last week predicted China's 2012 growth rate would dip below 8 percent.
But that has not silenced speculation that China is heading for an economic disaster. Some economists have tried to calculate the potential fallout just in case their forecasts prove to be overly optimistic. Bank of America-Merrill Lynch economists estimated that if China's real per capita gross domestic product fell by 2 percentage points, the pain would remain contained within Asia.
"It would take a severe shock to China for the negative spillovers to be transmitted beyond Asia," they wrote in a note last week to clients.
A 4 percentage point drop would be enough to spread to parts of Europe and the Middle East, with growth suffering in countries including Russia, Kuwait and Finland. Annual global growth would probably drop by 0.5 percentage points.
read more at link http://www.reuters.com/article/2011/10/24/us-economy-china-idUSTRE79N31320111024
Chinese school students hungry for anything 'American'
We visited a middle school that is a solid two-hour drive outside a major city. The Chinese students there were so excited that friends from far away were visiting, they greeted us with pomp and celebration that would make the crowning of Queen Elizabeth look like afternoon tea. Our bus opened its doors to the sound of a 60-piece marching band playing at full volume.
An applauding, several-hundred-person honor guard lined the path to the rotunda where the music and dance demonstrations were to take place. Helium balloons, streamers, and formal red and white banners welcoming, "The Friends from the United States" were everywhere. The rotunda had tables draped with red velvet cloth, cold water (a luxury there), watermelon, and formally printed programs written in both Chinese and English so all could engage.
The Xi'an Middle School knew how to make a splash.
We could only imagine that real dignitaries from foreign nations have never been greeted like this. We were also keenly aware that our roles had just shifted from professor and students to honored guests and diplomats. We realized that for many of these students, we might well be the only Americans they would ever meet. The impression we left needed to land somewhere memorable and inspirational. I was so proud our American students understood that unspoken message.
Read more: Chinese school students hungry for anything 'American' http://www.wnd.com/index.php?fa=PAGE.view&pageId=329957#ixzz1UDIrfZuy
The strongest solar flare in four years disrupted radio communications in southern China, according to the China Meteorological Administration.
The solar flare, a huge explosion on the sun's surface caused by magnetic activity, affected transmissions in southern China on Tuesday, Xinhua news agency reported, quoting the CMA.
The US space administration NASA confirmed that Monday's solar flare was the largest in four years, and the event sparked predictions of heightened activity on the northern hemisphere of the sun.
"X-class flares are the most powerful of all solar events that can trigger radio blackouts and long-lasting radiation storms," disrupting telecommunications and electric grids, NASA said.
Solar flares are classified as A, B, C, M or X, with each class having a peak 10 times greater than the preceding one.
NASA also said the flare caused "sudden ionospheric disturbances" in the atmosphere above China and the CMA warned there was a high probability that large solar flares would appear over the next three days.
NASA's Solar Dynamics Observatory saw a large coronal mass ejection associated with the flash that is blasting toward Earth at about 560 miles per second (900 kilometers per second).
Monday's flare erupted in the sun's southern hemisphere, which has so far shown less flare activity than the northern hemisphere.
It followed several smaller M-class and C-class flares in recent days.
A magnetic storm caused by a solar eruption in 1973 plunged six million people into darkness in Canada's eastern-central Quebec province.
China to impose green tax on heavy polluters
After decades of filthy growth, China's new five-year cleanup strategy is the most ambitious in its modern history
The tax will be included alongside the world's most ambitious renewable energy scheme and fresh efforts to fight smog when the government unveils the biggest, greenest five-year plan in China's modern history next month.
After three decades of filthy growth, the measures are designed to pull the country from the environmental mire and make it a leader in the low-carbon economy. But sceptics question whether the policy will have any more success than previous failed efforts to overcome the nexus of corrupt officials and rule-dodging factory bosses.
The environmental tax – which will levy fees according to discharges of sulphur dioxide, sewage and other contaminants – is intended as a disincentive for polluting industries, many of which have flocked to China to take advantage of low costs and weak regulations. Officials and academics have been studying the options for several years, but government advisers have told the Guardian the policy is certain to be adopted.
"The environment tax is going to happen. This is evident in the proposals for the next five year plan," said Ma Zhong, director of the School of Environment and National Resources at Renmin University in Beijing. "It is likely to be levied nationwide, but there is also a possibility that it will initially be introduced in selected regions."
Jiangxi, a south-eastern province, has applied to host a pilot project. Domestic media predict the tax could come into force in 2013. "Our pollution situation is very serious. In order to deal with this, we need an environmental tax system. We will do it step by step," said Zhang Jianping, a senior economist at the Institute for International Economic Research in the National Development and Reform Commission.
Carbon dioxide, a key concern given China's status as the world's biggest greenhouse gas emitter, may be included in the system at a later stage, though the issue is being debated. "Some want to put them together, but I think a carbon tax should be different and at a higher level and from the environmental tax," said Zhang.
The revenues would go to the central government, prompting calls for them to fund the restoration of badly damaged ecosystems or to compensate victims of industrial contamination. But the main aim of the new system is act as a disincentive to polluters.
"In the early phase, the objective of this tax is to change behaviour rather than to raise money," Ma said. The main impact is likely to be felt by the energy sector as well as emission-intensive industries, such as steel, chemicals and cement.
China has pollution charges, but they are low and poorly enforced by weak environment bureaus. Tax officials are likely to be in a stronger position, though their impact depends on how high the rates are set and whether monitoring and accountability systems are improved.
The government has also announced plans to raise and widen resource and property taxes to discourage real estate speculation and excessive exploitation of energy, water and mineral supplies. A mandatory carbon trading system – on a regional or sectoral level – is also expected to be included in the next five-year plan, which will be announced in March.
The use of financial and market-based tools represents a departure for the communist government from previous five-year plans, which have tended to rely on top-down administrative orders.
Why is China building eerie 'ghost cities'?
Google Earth photographs reveal towns completely devoid of people
Google Earth photographs of China depict city after city of vast complexes consisting of office skyscrapers, government buildings, apartment buildings, residential towers and homes, all connected by networks of empty roads – with some of the cities located in China's truly most inhospitable locations.
Images of these "ghost cities" – after countless billions of dollars have been spent on the towns' design and construction – reveal nobody lives in them.
"The photographs look like giant movie sets prepared to film apocalyptic motion pictures in which some sort of a neutron war or bizarre natural disaster has eliminated people from the face of the earth while leaving the skyscrapers, sports stadiums, parks and roads perfectly intact," Corsi noted. "One of China's ghost cities is actually built in the middle of a desert in Inner Mongolia."
Business Insider ran a series of photos of these Chinese ghost cities. One showed no cars in the city except for approximately 100 parked in largely empty lots clustered around a government building, and another showed a beautiful wetland park with people added using Photoshop.
read more at http://www.wnd.com/?pageId=260645
Personal note: Are these empty cities for the Chinese people after the pole shift? Or for an alien hybrid race?
US looks for friends in fight against undervalued yuan
8 February 2011 Last updated at 02:09 ET
China is accused of keeping its currency weak to boost trade.
The US argues a weak currency gives China an unfair advantage in global trade, keeping Chinese exports at artificially low prices.
The US hopes it will find a willing partner in Brazil because Chinese imports are also hurting its economy.
Brazilian industry leaders recently complained to the government that manufacturers were struggling to compete with a slew of cheap Chinese goods at home and globally.
Mr Geithner, one of the US's most powerful economic policymakers, travelled to Brazil to meet with President Dilma Rousseff and members of the government.
Following the meetings, Mr Geithner said that the US and Brazil would work "together on the global stage to build a more balanced and more stable, stronger multilateral economic system".
According to the Wall Street Journal, which was quoting a person familiar with the discussions, the two sides did not lay out any specific plans for dealing with China's currency.
However, the paper quoted the source as saying that they may now speak with a common voice on the issue at the upcoming meeting of the G20 countries.
Reuters said that Mr Geithner raised the question of China's currency during a meeting with Brazil's Finance Minister Guido Mantega.
According to the news agency, a government source said that when Mr Geithner brought up the subject of the yuan, he was told that Brazil "was against manipulating exchange rates".
The US has already started taking steps against Chinese products it sees as damaging its domestic producers.
On Monday, a US trade panel approved duties on steel drill pipes from China.
The US International Trade Commission said there was evidence US companies were being harmed by low-priced imports of the pipes, used in oil drilling.
The tariffs are the latest in a number of measures levied against Chinese companies in the last few years.
From other news sites
CNN U.S. seeks Brazil's support on yuan 4 hrs ago
PRELL: China: U.S. No. 1 no more
Why China Does Capitalism Better Than the U.S.
Obama: $45B deals show China's rise can help US
China attracts record foreign investment in 2010
The country attracted $106bn of foreign direct investment - which excludes investments in financial instruments such as shares - up 17.4% from 2009, according to the Ministry of Commerce. That was enough to more than reverse the 2.3% fall seen during the previous year caused by the global recession. Over a fifth of the money went into China's property sector.The Chinese authorities have been trying - with limited success - to head off a perceived bubble in property prices. Rural interior "The improvement in the investment environment has become a new driving force of China's [foreign direct investment]," said Yao Jian, a ministry spokesman. Over half of the investment came from Hong Kong, while nearby countries such as Taiwan, Singapore, Japan and Korea were also major sources of capital.
read more at link http://www.bbc.co.uk/news/business-12213356
BYD tells Bloomberg that it will sell between 520,000 and 550,000 cars this year. That's below the already-reduced target of 600,000. In August, BYD cut that goal by 200,000 vehicles.
The Chinese company has started a trial program with the Los Angeles Housing Authority for an electric car fleet and it still expects to sell its K9 electric bus in the U.S. in 2011. Sales in the U.S., however, of the E6 electric car are now planned for 2012. That's two years behind schedule.
BYD expects a "sizable profit" from electric vehicles in about five years, but its third quarter profits fell 99 percent after weak sales this summer.
At today's close of HK$40.50, the Hong Kong listed stock has lost half its value since early April, when it hit its 2010 high just above HK$80.
Hope for the Dalai Lama's Return Home
continued at link: http://www.chinanowmag.com/tibetstory.htm
Last edited by Carol on Wed Jul 18, 2012 3:00 pm; edited 14 times in total