Posts Tagged ‘China’

Donnerstag, 20. Mai 2010

Zwei Foxconn-Monatslöhne für ein Abendessen

Foxconn workers only smile on the 10th of every month. That’s the day when they get their salaries. That day, the ATM machines inside the factory are crowded with workers. Their monthly salaries start at 900 Chinese Yuan—about $130.

Quelle: Undercover Report From Foxconn\’s Hell Factory – Foxconn – Gizmodo

Zum Vergleich: In Peking habe ich im „Le Petit Gourmand“ (geniales Interieur im Stile mit unzähligen authentisch gefüllten Büchergestellen) ein dreigängiges Abendessen inklusive Rotwein für 8 Personen bezahlt — und dabei 1’900 Yuan ausgegeben. Und somit umgerechnet zwei Monatslöhne eines Foxconn-Mitarbeiters liegen gelassen. Wahnsinn.

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Labels: Arbeit

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Donnerstag, 13. Mai 2010

Bringen Chinas Dollarreserven doch nichts?

China based economist Michael Pettis says that only twice before in history have nations built up foreign exchange reserves similar in size (as a proportion of global GDP) to China’s current hoard. Those two lucky countries were the US in the late 1920s (despite Britain’s attempts to stop the US accumulating gold) and Japan in the late 1980s.

Quelle: China: Looking for past parallels and bringing forward resource demand

Man muss nicht Wirtschaftsgeschichte studiert haben, um die wirtschaftliche Entwicklung der Länder während den genannten Jahrzehnten zu deuten …

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Labels: USA, Wirtschaft

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Freitag, 7. Mai 2010

Eine kurze Geschichte der Handelsüberschüsse

Wie immer vielleicht etwas simplifizierend, aber im Kern korrekt:

Let’s begin by going back to the 1920s. Back then, the USA was the industrial powerhouse of the world and its number one exporter. In those boom years, America had the largest trade SURPLUS on the planet. At the time, trade balances were settled in gold. So, the US built up the world’s largest reserves – in gold. It still has them. […]

In the 1980s, Japan had the biggest trade surplus in the world. You remember Japan, Inc? It was such an export success story that people worried that the Japanese would take over the world. But in 1989, Japan, Inc. peaked out. Its stocks have been going down ever since – 20 years already.

Now, it’s China’s turn. China has the world’s largest trade surplus and its largest pile of reserves. (Unfortunately for China, after 1971, treasuries switched to using paper dollars for reserves. So China has one enormous pile of paper…not gold.)

Quelle: Volatility in the Police State

Die Frage ist nun doch: Wer kommt nach China? Kann überhaupt noch jemand nachfolgen, oder bricht das ganze Kartenhaus zusammen, wenn uns das Öl auszugehen droht?

Dank des Handelsüberschusses wäre immerhin der WC-Papier-Nachschub Chinas über Jahrzehnte gedeckt. Ob die USA mit ihren Gold-Reserven wirklech glücklich (und zu ihrer alten Stärke zurückfinden) würden, ist hingegen eine völlige andere, unbeantwortbare Frage. Wir werden sehen.

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Labels: USA, Wirtschaft

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Mittwoch, 14. April 2010

Häppchen von The Economist (Ausgabe vom 10. April 2010)

Leecher

In its case against the FCC, Comcast argued that peer-to-peer file-sharing was hogging bandwidth. It was. But the most efficient way to allocate bandwidth among customers is to charge heavy users higher prices, which Comcast chose not to do. The real sin, then, was that the file-sharers wanted a service that Comcast did not care to provide. This is not a moral issue, but a market failure.

Quelle: Comcast v the FCC: Raze the mystery house | The Economist

Steuern

… The federal tax code, which was 400 pages long in 1913, has swollen to about 70,000. … even the head of the Internal Revenue Service, Douglas Shulman, gets someone else to do his taxes. …

Every wrinkle in the tax code represents a favour to some group. It could be a small group, such as loggers, or a huge one, such as homeowners. Politicians use the tax code to encourage things they like, such as driving hybrid cars, and to discourage things they don’t like, such as work. A typical loophole has passionate defenders but no opponents. Those who benefit from it, benefit a lot. Those who would gain from its repeal (ie, taxpayers in general), have never heard of it. So the mess gets ever messier. Happy April 15th.

Quelle: April 15th: The joy of tax | The Economist

Männermangel unter den Afroamerikanern in den USA

“I thought I was a catch,” sighs an attractive black female doctor at a hospital in Washington, DC. Black men with good jobs know they are “a hot commodity”, she observes. When there are six women chasing one man, “It’s like, what are you going to do extra, to get his attention?” Some women offer sex on the first date, she says, which makes life harder for those who prefer to combine romance with commitment. She complains about a recent boyfriend, an electrician whom she had been dating for about six months, whose phone started ringing late at night. It turned out to be his other girlfriend. Pressed, he said he didn’t realise the relationship was meant to be exclusive.

Quelle: Economist.com

Im Schnellzug in 48 Stunden von London nach Shanghai

As for high-speed railways, from a standing start China’s are the world’s fastest and longest. The government has plans to roll out a high-speed network across Asia and even Europe. It proposes three main routes to connect two dozen countries, from Singapore in the south to Germany in the west (with a tunnel from mainland China to Taiwan to boot). By 2025, if the railway ministry is to be believed, it will take two days to travel from Shanghai to London.

Quelle: Economist.com

Wie man früher nach Kriegen Besitzfragen klärte

WHEN the tribes of ancient Israel defeated the Midianites, the victors got the losers’ 675,000 sheep, 72,000 oxen, 61,000 asses and 32,000 female virgins (males and non-virgin women were slaughtered), as well as the gold and jewels. The biblical account suggests that, in that era at least, this was a standard post-conflict resolution of property questions.

Quelle: Economist.com

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Labels: Medien, USA

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Sonntag, 28. März 2010

In Mumbai wie in Peking

But you can’t help but notice that India is moving forward. It’s chaotic; it’s uncomfortable; it’s unpredictable…but it is going ahead. People are young. Buildings are new. There are new cars on the road…and new shops opening up.

Quelle: The Depression Now Known as „The Great Correction“

Bill Bonner beschreibt wieder einmal äusserst treffend, wie sich Mumbai beim ersten Besuch anfühlt. Und da ich gerade aus Peking zurückgekehrt bin: Dort ist es nicht anders. Elendes Verkehrschaos — aber im Stau stehen brandneue Autos (okey, abgesehen von den VW Jettas, aber das ist ein anderes Kapitel). Aber auch die Gebäude — meist Wolkenkratzer — glänzen und zeigen, wie jung sie sind. Auf der Strasse, den Gehsteigen, in der Metro und in den Bussen herrscht ein emsiges Treiben.

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Labels: Allgemein

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Dienstag, 26. Januar 2010

Völlig Risikoscheu

our goal in most aspects of life is to increasingly and arbitrarily discard the risky—and therefore often unsuccessful—paths in our work and to pay attention only to the provably-successful paths. By my observation, this practice is increasingly common in all facets of Western life. In short, risk is quite systematically and perhaps literally being bred out of our intellectual arsenal.

Quelle: Design View / Andy Rutledge – Again With the Risks

Wieso diese Risiko-Aversion so schlecht ist? Reist man nach Afrika, China oder Indien, realisiert man äusserst rasch, wie hart dort der Wettbewerb zwischen den einzelnen Menschen spielt. Mit unserer Risiko-Aversion und unserem Sicherheitswahn sind wir Westler kaum mehr auf die Realität im angebrochenen 21. Jahrhundert vorbereitet. Dieses Jahrhundert gehört den Abermillionen, deren Länder sich gerade industrialisieren — und die täglich, von Kindesbeinen an um ihr Überleben und das wirtschaftliche Wohlergehen kämpfen müssen. Sie sind trainiert, Risiken einzugehen und erachten dies als selbstverständlich — denn bei 999’999’999+ Landsleuten um einen herum realisiert man rasch, dass man völlig entbehrlich ist. Packe ich etwas an, gibt es garantiert jemand anderes, der es zumindest versuchen wird. Abgesehen davon ist man in solchen Regionen tatsächlich weniger „wertvoll“ — schliesslich haben die Eltern nicht hunderttausende Franken in die Ausbildung und Gesundheit ihrer Zöglinge investiert. Eine Investition, die es um jeden Preis vor Schaden zu schützen gilt.

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Labels: Gesellschaft

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Mittwoch, 23. September 2009

Wann fluten die Chinesen den Dollarmarkt?

But just wait until the United States loses their trust. In a matter of minutes, China could dump enough US dollars to set off alarms all over the world. All of a sudden, dollar holders would rush for the exits – each one trying to get out before the others. In minutes, the dollar market could collapse…taking down US Treasury bonds with it.

Quelle: US Dollar Declining as China’s Currency Rises

Bleibt zu hoffen, dass der Schweizer Franken dann zur Fluchtwährung – und wir somit zu sehr, sehr reichen Leuten werden. Dann kaufe ich mir für den Preis eines rostigen Kleinwagens eine Villa in Beverly Hills.

Übrigens: Es fehlen noch 2 Rappen bis zur Parität!

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Labels: Politik, USA, Wirtschaft

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Freitag, 31. Juli 2009

Die Chinesen blasen unbeirrt ihre Bubble auf

The purpose of a bear market is to correct the errors of the preceding boom. Most prominent among those errors is to think you can make money by speculating in the stock market. When this idea takes hold, good sense goes out the window. People will buy dotcoms with no business plans…and house builders at 40 times earnings!

Quelle: Investors in China Have Learned Nothing From the Crash of ’07-’08

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Labels: Wirtschaft

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Mittwoch, 22. Juli 2009

Auf den Schultern von Chinesen

We all know that there’s no fucking way in the world we should have microwave ovens and refrigerators and TV sets and everything else at the prices we’re paying for them. There’s no way we get all this stuff and everything is done fair and square and everyone gets treated right. No way. And don’t be confused — what we’re talking about here is our way of life. Our standard of living. You want to „fix things in China,“ well, it’s gonna cost you. Because everything you own, it’s all done on the backs of millions of poor people whose lives are so awful you can’t even begin to imagine them, people who will do anything to get a life that is a tiny bit better than the shitty one they were born into, people who get exploited and treated like shit and, in the worst of all cases, pay with their lives.

Quelle: The Secret Diary of Steve Jobs: I’m really thinking maybe I shouldn’t have yelled at that Chinese guy so much

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Labels: Arbeit, Gesellschaft

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Dienstag, 2. Juni 2009

Wie kommen die USA nur aus diesem Schlamassel raus?!

You’ve got a debtor nation whose largest corporate institutions are failing (perhaps a preview of State failure). It’s shipped its industrial infrastructure off-shore and replaced it with a financial industry that thrived on credit and derivatives. And now you wonder why investors are pushing interest rates on your debt up?

Quelle: Chinese Surge in Construction Explains Pickup in Base Metals Stocks

Aus einem andere Artikel auf The Daily Reckoning:

Unless the US becomes a net saver, „another global financial crisis triggered by a dollar crisis could be inevitable,“ forecast former Chinese central banker Yu Yongding over the weekend. (Oy… Beijing is 7,000 miles from Washington, and even they can see this coming.)

Quelle: American Family’s Share of Government Debt Now Over Half a Million Dollars

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Labels: USA, Wirtschaft

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