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Archives for China

This morning in Beijing, Chinese Premier Wen Jiabao explained at his press conference what actually happened in Copenhagen on 17 December 2009 on the eve of the UN Climate Change Conference, which gave rise to criticism of Chinese behaviour and even allegations of arrogance. It is remarkable that this is the first official version of… » read more

Posted by Stanley Crossick

My blog post of 12 March reported Premier Wen Jiabao, in his annual address to the National People’s Congress, stating that corruption threatened the rule of the CCP. China’s former state auditor, Li Jinhua has, in the official ‘People’s Daily’ on-line, identified the business dealings of Party officials as the main source of public dissatisfaction.… » read more

Posted by Stanley Crossick

The US Treasury, in its semi-annual report delivered every April and October, can formally label China as a “currency manipulator” on account of the yuan’s substantial undervalue. This would allow the Department of Commerce to impose countervailing duties on a wide range of Chinese products. US Treasury Secretary-designate Timothy Geithner told the Senate Finance Committee… » read more

Posted by Stanley Crossick

A European Monetary Fund

An objective of the Maastricht Treaty was EMU – Economic & Monetary Union. 16 countries have achieved monetary, but not economic, union. Indeed, even economic policy cooperation still leaves a lot to be desired. The original criticisms of the euro were the lack of economic coordination and the absence of any central fund. Greece has… » read more

Posted by Stanley Crossick

A common value

There is much talk about values and frequently comparisons between Western and Eastern values. There is at least universal agreement on one value, as spelt out below: Buddhism “Hurt not others in ways that you yourself would find hurtful.” (Udana-Varga 5.18) Christianity “Do to others whatever you would like them to do to you.” (Matthew… » read more

Posted by Stanley Crossick

The Chinese Confucian Party?

Daniel Bell, in the Globe and Mail of 19 February 2010 wrote an interesting article about the revival of Confucianism. Only recently, the Chinese Communist Party approved a film about Confucius, starring the handsome leading man Chow Yun-Fat. Bell’s addressing Confucian values in practice is particularly interesting. Confucian intellectuals have put forward political proposals that… » read more

Posted by Stanley Crossick

European destructuring

Two items struck me in tonight’s newscasts. Lufthansa pilots are striking for four days, costing the company €100 million. They are demanding a 6% pay increase and that pilots in Lufthansa’s foreign subsidiaries be paid at their rates. French frefinery workers are striking against Total’s decision to close a refinery. Whatever the facts behind these… » read more

Posted by Stanley Crossick

Reproduced below is the review in The Economist of 4 February 2010 of my BICCS colleague’s new book: China and India: Prospects for Peace. (Columbia University Press; 234 pages; $37.50 and £26. Buy from Amazon.com, Amazon.co.uk) FOR a book about two countries whose most recent war was five decades ago, “Prospects for Peace” seems a… » read more

Posted by Stanley Crossick