MOVED: ‘Western Liberal Democracy Would Be Wrong For China’

‘So is China better off without democracy? Or is that just the age-old mantra of the tyrant? That’s the clash of civilisations that played out on November 7th’ at an Intelligence2 debate in Hong Kong:

Speakers for the motion

Martin JacquesMartin Jacques

Author of When China Rules the World, visiting senior research fellow at the London School of Economics, and visiting professor at Tsinghua University, Beijing

Zhang WeiweiZhang Weiwei

Senior Fellow at the Chunqiu Institute, author of The China Wave: the Rise of a Civilizational State, and former translator to Deng Xiaoping

Speakers against the motion

Anson ChanAnson Chan

Former Chief Secretary of Hong Kong and campaigner for democracy

Jonathan Mirsky

Historian of China, and former China correspondent for The Observer and East Asia editor of The Times

‘A Hypothetical Election Between Nationalists And Communists Hits The Chinese Web’: The Atlantic

“You are pretending you are in New York, and we are pretending we are voting. Sigh! What a dream.” @I鸭梨山大

I have used the sub-title ‘A Hypothetical Election Between Nationalists And Communists Hits The Chinese Web’ because the title, ‘Electoral Map: What If China Became a Multiparty Democracy Tomorrow?’ is a little misleading.

Why? The electoral map is for a hypothetical election in 1949, not ‘tomorrow,’ but employing U.S. election tactics.

That said, this is great fun and a little sad:

China’s Web users have caught election fever — simulated election fever, that is. On the heels of a widely watched U.S. election, and on the cusp of China’s leadership-transition-by-fiat at the 18th Party Congress, commenters on Sina Weibo, China’s Twitter, have imagined what would happen if the ruling Chinese Communist Party faced off against the Kuomintang (KMT), which in 1949 fled mainland China for Taiwan after losing a bitter civil war. The KMT is currently the ruling party in democratic Taiwan.

Here’s how it started: Continue Reading

‘Don’t bank on China rebound’ Ruerters.

Oh, my. There really are a lot choices. The big question here is are China’s new leaders going to listen to Bloomberg. Or maybe how far away from reporting are they or more critically what’s really on the minds of new Chinese leaders. Have a look at this Bloomberg report  and decide for yourself how far from reality the pundits are (I caution you to recall how well they did in the U.S. election, something they ought to have had a clue about.) But –my analysis–they seem clueless in two countries):

‘China’s Top Future Leaders to Watch’: Cheng Li

In the spirit of you can’t the players without a scorecard, an alert reader, who going forward wishes to remain anonymous, sent me just the scorecard to enhance your enjoyment of China’s leadership transition, ‘China’s Top Future Leaders to Watch’ by the inimitable Cheng Li:

In anticipation of China’s leadership transition, the China Center’s Cheng Li profiled 25 possible members of the next Politburo, focusing on the following three aspects: personal and professional background, family and patron-client ties, and political prospects and policy preferences.

Read through all 25 to get the feel of what China’s leaders have in common in their rise, and where they differ. Fascinating.

If only Cheng Li also made Chinese Communist Party trading cards:

  • ‘I’ll trade you my Bo Xilai for 7 Meng Jianzhus and 4 Xu Qiliangs.’
  • ‘Fugetaboutit.’

To start you off, here’s the likely new General Secretary of the CCP:

PSY At The Oxford Union–Plus From ‘Gangnam Style’ To ‘Eton Style’

There seems to a lot happening in China. Some of it may even be important.

But, just as I began to do some research to find out what the heck is going on in China, I remembered that my wife, Sojeong, told me that PSY of ‘Gangnam Style’ fame had spoken at the Oxford Union.

The Oxford Union! As in Oxford University? As in the same Oxford Union where the likes of Winston Churchill and Albert Einstein were also invited to speak? PSY?

Well, I had no choice. I had to watch. Of the many videos of the same event that I ended up watching, here’s my favorite:

And, as these things happen, I also somehow daisy-chained into watching ‘Eton Style.’ Just great. And the kids sure are a lot more fun than the Etonians I know from my generation.

WSJ Primer On The ‘Chinese Communist Party Congress’

Just in time for China’s Communist Party Congress, where the new leadership will be introduced, the Wall Street Journal has assembled all you need to know to understand the basics of what’s happening.

Start with the video.

Then, read ‘China Party Meets to Anoint Next Leaders.’

Next the ‘Interactive Graphics.’ First ‘China’s Leadership Change’:

Then, peruse ‘Leaders to Watch’: Continue Reading

Debbie ‘Spend It Now’ Wins

It’s election night, and I’m surfing the networks to get updates.

Now, I’m from Florida, and, we know how to run an election. Because of how we run elections, I don’t have time to pay much attention to other local state elections. Thus, I don’t follow Michigan politics. Usually.

But, during the Senate race between incumbent Debbie Stabenow and challenger Pete Hoekstra, Mr. Hoekstra put out one of my favorite China-related ads during the Super Bowl. Enjoy it one more time:

As much fun as all this is, it didn’t help Mr. Hoekstra. I just learned that Debbie ‘Spend It Now’ is going back to the Senate.

By the way, at this writing, Mr. Romney leads Mr. Obama in Florida by about 600 votes with 81% of the vote in. Looks like we may have to bring Katherine Harris out of retirement.

‘China’s Evolving Financial Landscape’: Bloomberg

For some time, the various methods of obtaining financing in China seemed to live in parallel spheres. Some analysts would dither over how much banks were lending. Others would track the activities of trust companies. Still, others look at IPOs or the shadow banking industry.

Recently, some savvy observers have begun to look at financing more comprehensively. Today, I came across a great video that in less than five minutes brings together most of the paths to getting cash. Have a look: