About Julien

@bfishadow

Public Notes


Recent Activity

  • Julien shared from NO ANCIENT WISDOM, NO FOLLOWERS: The Challenges of Chinese Authoritarian Capitalism by James McGregor
    To outsiders, China’s new nationalism appears to have shifted from insecurity to anger and aggression. This is a byproduct of the Party’s unswerving focus on its own survival.
    Note: byproduct
  • Julien shared from NO ANCIENT WISDOM, NO FOLLOWERS: The Challenges of Chinese Authoritarian Capitalism by James McGregor
    Before concluding our review of China’s first 10 years of WTO membership, one other aspect of China’s conduct as a WTO member needs to be highlighted and discussed, and that is the perception among WTO members that Chinese government authorities at times use intimidation as a trade tool. China’s trading partners have heard from their enterprises on too many occasions that Chinese regulatory authorities threaten to withhold necessary approval or take other retaliatory actions against foreign enterprises if they speak out against problematic Chinese policies or are perceived as responding...
    Note: China problem
  • Julien shared from NO ANCIENT WISDOM, NO FOLLOWERS: The Challenges of Chinese Authoritarian Capitalism by James McGregor
    “To make a case in the WTO you need data. The standards are very high so you need a legal discovery process in order to gather evidence,” said an American attorney who has been handling trade and business disputes involving China for nearly three decades. “The Chinese legal and political systems make it nearly impossible to gather the evidence.”191
    Note: conflicts
  • Julien shared from NO ANCIENT WISDOM, NO FOLLOWERS: The Challenges of Chinese Authoritarian Capitalism by James McGregor
    “Frankly, our banks make profits far too easily,” Wen said at a roundtable discussion. “Why? Because a small number of major banks occupy a monopoly position, meaning one can only go to them for loans and capital. That’s why now, as we are dealing with the issue of getting private capital into the finance sector, that means we have to break up their monopoly.” The Party’s leading news outlets, the People’s Daily and Xinhua, did not report his remarks.137
    Note: nice try, mr premier
  • Julien shared from NO ANCIENT WISDOM, NO FOLLOWERS: The Challenges of Chinese Authoritarian Capitalism by James McGregor
    Despite their chronically imprudent lending habits, SOE banks are kept afloat—and reap huge profits to boot—through government-set interest rates. With a ceiling on the interest rates for deposits and a floor on lending rates, China’s banks have enjoyed a comfortable spread of about three percentage points, which guarantees profits.
    Note: This is evil.
(Beijing)
Julien
Web Page: http://gongm.in