As documented in another Wikileaks cable from Beijing. How long can Mountain View take the torture?
Dec 06
Google fails to appease China
Americas, Asia, China, Internet, United States
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Can Google do business ethically in China?
The Wikileaks documents released in the past few days revive that question, first posed in 2006 when the search engine entered China, by revealing the hardball tactics that Beijing’s communists use to bring Mountain View’s capitalists to heel. One Google executive, worn down by three years of Chinese harrassment, told a U.S. diplomat that the company might consider leaving China, a comment quoted in this July 2009 cable. With company co-founder Sergey Brin already going public with his qualms, Google’s Chinese future seems in doubt.
The cables reveal how Beijing relentlessly pressurizes Google to achieve its economic and political goals.
Nov 19
GM: The Pride of Beijing
Americas, Asia, China, United States
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The revived auto giant was made in China, claims the People’s Daily, and they got some numbers that say the Chinese sit in GM’s driver’s seat.
GM and its ventures in China sold 199,641 vehicles last month, up 20 percent from the year before. That took its sales for the first 10 months of the year to 1,976,913 vehicles — a gain of 36 percent….
So even as America protects its manufacturing base, the dominant market power of China is felt. In the alternative universe known as mainstream American politics this will perhaps be cited as proof that Obama’s administration’s success in Detroit is a victory for Maoist socialism.
Nov 17
“The continuous depreciation in the dollar, and the US government’s indication that, in order to resume growth and maintain public confidence, it basically won’t raise interest rates for the coming 12 to 18 months, has led to massive dollar arbitrage speculation,” Liu [Mingkang], chairman of the China Banking Regulatory Commission, said in Beijing yesterday.”
–via Sydney Morning Herald.
Nov 17
–the dilemma of the conjoined superpowers, courtesy of the Korea Times.
Nov 05
Oh Boon Ping in Business Times (Singapore). Banning the shorts is “shooting the messenger.”
Economic Times of India: Roubini’s all wet. “What bubble?”
Regulators need to curb credit –Anoop Singh in Shanghai Daily
Oct 22
How to do massive stimulus that gets visible results.–Advice from The Australian.
