Author Archives: Congyi Liu

Revised Blog 5: No Japanese Animation!!

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China should take some actions to regulate Japanese animations. Japanese cartoons are definitely one of the most celebrated Japanese symbols. It has magical power can make millions of people addicted. “It is not a coincidence that Japanese animation has become a leading force in the cartoon industry. Relying on a meticulous approach, superb skills and colorful subject matter, it controls two-thirds of the global market. In the world’s 300 billion Japanese Yen (US$3.6 billion) cartoon market, Japan accounts for 65 percent, according to a statistics of the Ministry of Culture, Sports and Tourism of the Republic of Korea.”

In China, countless teenagers are crazy about various Japanese animations. Even some adults are waiting the new series eagerly per week. Actually, many of my friends cannot live without watching Japanese animations and they persuade me joining in since watching Japanese animations can gain lots of spiritual strength as for their considerations. However, as for the benefits of developments of Chinese teenagers, China should provide appropriate regulations for Japanese animations.

Overwhelming injections of foreign cultures lead people overlook their own treasures. Japanese animations do not only show those fancy pictures, attractive plots, and interesting lines but profound cultural influence from Japan. Different kinds of stories presents the belief of Japanese in every aspects. Japanese language, food, costume, and ritual are transmitted from those animations to Chinese teenagers’ minds. I am not telling that learning foreign cultures is harmful. In fact, proper acknowledge of other cultures helps teenagers deeply. But many Chinese students do not know Chinese history but are familiar about Japanese cultures. What’s worse is many Japanese animations delivers negative influence to young people.

There are lots of unhealthy items in Japanese animations for teenagers and children. “China’s animation market is dominated by imported content, especially Japanese products. Classic manga series like “One Piece” have fostered a large group of followers. Earlier series like the basketball-themed “Slam Dunk” are part of the collective memory of many Chinese born in the 1980s. Japanese video content often show revealing scenes of violence and sex.” Children and teenagers are living in an age that can be influenced easily. They are in a period of setting up valid values. Overwhelming violence and pornographic contents can be even more harmful than hard drugs. If Chinese government did not build limit for Japanese animations, Chinese teenagers and children can be misled deeply.

Another significant issue is China should be aware of culture invasion. Nowadays, cold arms are laid down apparently. Nevertheless, the war of information, finance, economy, and culture never stop. Culture war is so cruel that if a country is imperialized by the other one, the teenagers will admire the foreign cultures then this nation will lose the ability of critical thinking and acknowledge of domestic culture. Surely, I do not advocate seclusion for China but a country should be a global one only after being a national one first. What Japanese animations famous of is just the Japanese characteristics. While regulating Japanese animations, China urgently demands producing own cultural strength in the world.

 

No More Acquisition!

Purchasing Chinese corporations cannot be a chronic strategy for America. During the past decades, many American tycoons attempted to buy Chinese companies in various field. “Coca-Cola Co. agreed to buy a Chinese drinks business, its first attempt to buy a mainland firm after a high-profile rejection by Beijing of its bid for a maker of juices and nectars six years ago. The Atlanta beverage giant is buying the beverage business of China Culiangwang Beverages Holdings Ltd. for an enterprise value, which includes debt, of $400.5 million, the companies said Friday. Culiangwang specializes in ‘multigrain beverages’ with flavors such as red bean, walnut and oats.” Just as Coca-Cola, the celebrated American enterprises tried to limit the developments of Chinese firms by this straightforward way. Nevertheless, buying Chinese corporations will not be effective in the long-term.

Chinese firms will not allow American’s acquisition for a long time. In these years, China experienced an incredible growth in the economy and finance market. More important, not only state-owned firms contributed a lot, but also countless private firms began being potent. Many brilliant entrepreneurs had successful business by their bootlaces, such as Yun Ma, Minhong Yu, and Chaoyang Zhang. Their companies were all publicized in US. Therefore, they will not give any chance to Americans to swallow their painstaking efforts. Moreover, Chinese government play vital role in the market. Though they do not have rights to regulate each firm, they hold tremendous privileges, which could determine a firm’s fate. The government will not allow American acquisition freely in China.

Furthermore, deliberately purchasing Chinese companies brings much more hurts than benefits. There are so many differences of operating a firm between in China and in America. The cultures can be totally opposite sometimes and the policies are complex. It is difficult for a American to get used to live a Chinese life. Thus, no need to image how tough to manage a whole business in a foreign country. “You should expect needing to raise employee salaries by maybe 40 percent. So now the employee who was getting $1000 is getting $1400 and you as the employer are going to need to pay an additional 40 percent on that, which equals around $560. So all of a sudden the employee that cost the Chinese manufacturer $1000 a month is going to cost you pretty close to $2000. In other words, double.”

To respond to developing Chinese companies, the best way for American entrepreneurs might be collude but not forceful acquisitions.

No Kind Without Reward

China helps Pakistan construct pipelines is not only because the good relationship but for long-term benefit. “Pakistan is negotiating with China Petroleum Pipeline Bureau, a subsidiary of Chinese energy giant China National Petroleum Corporation, to build 435 miles (700 kilometers) of pipeline from the western Pakistani port of Gwadar to Nawabshah in the southern province of Sindh, where it will connect to Pakistan’s existing gas-distribution pipeline network.” Seemingly, this project totally presents that China is so generous assisting its neighbors to build their countries. However, under the cover, it’s barely the profit for itself.

Without doubt, building pipelines in Pakistan is for delivering oil for Pakistan. Nevertheless, it is only a part of the project. “China has quickly risen to the top ranks in global energy demand over the past few years. China is the world’s second-largest oil consumer behind the United States and became the largest global energy consumer in 2010. The country was a net oil exporter until the early 1990s and became the world’s second-largest net importer of crude oil and petroleum products in 2009. The U.S. Energy Information Administration (EIA) projects that China will surpass the United States as the largest net oil importer by 2014, in part due to China’s rising oil consumption.” China demands thousands of tons oil from western Asian countries, such as Iraq, Iran, and Saudi Arab. If the oil can be delivered from Pakistan, China can save a lot of money and time. Nowadays, energy is definitely an essential part of a country, especially for a huge developing country, like China. America controls big percentage of the energy in the world, while China cannot stand for its energy access being choked. Hence, as a semi-locked country, China must find a reliable way to guarantee approaching enough oil. Pakistan is one of its best choice.

Admittedly, China has friendly relationship with Pakistan for decades of years. These two adjacent countries have significant differences on standings in the world. China always acts as a kind big brother to help Pakistan on various aspects. But “there has no forever friends and enemies but benefits”. “Pakistan has had a close strategic alliance with China for decades—aimed mostly against common foe India—but now Beijing is seeking to add an economic dimension to the relationship. Islamabad and Beijing plan an “economic corridor” linking the Pakistani port of Gwadar, which is under Chinese management, to southwestern China with road and rail connections.” China tried to use economical and financial ways to control Pakistan furtherly. In fact, China will utilize such strategy on many other countries in the future. Those poor countries will be pretty grateful for China’s help. For China, the series of moves can earn countless allies all over the world.

 

 

 

 

 

 

 

 

Recycling Hardly Has Barrier

Recycling can become an easier sell as prices drop. Though an article from the WSJ argued that slumping oil price pulls down cost of production, the claim is untenable when we consider this issue comprehensively. They only thought about that lower oil price and drag down the cost of producing virgin plastic. “The ramifications are being felt far and wide. In the U.S., many cities and towns pick up detergent bottles, milk jugs and other bits of household plastic and sell them to recyclers who sort, process and resell the scrap. These municipalities typically earned cash—as much as $10 a ton in parts of New Jersey—for selling recyclable materials under contracts that tie the sales price to commodities prices, with a minimum.” Many contract have been expired and replaced by a new one with lower rate recently. “‘They are definitely concerned about the possibility that they may have to pay for the materials to be removed,’ said Dominick D’Altilio, president of the Association of New Jersey Recyclers, a Bridgewater, N.J., group that includes recycling firms and municipalities.” Does this really make sense? No!

Lower oil price does not only save money for producing virgin plastic but also recycling. “Each year, 29 billion plastic water bottles are produced for use in the United States, according to the Earth Policy Institute, an environmental organization in Washington, D.C. Manufacturing them requires the equivalent of 17 million barrels of crude oil, so rising oil and natural gas prices have only exacerbated the high price of virgin plastic. “Plastics News,” a trade magazine, lists the recent price of PET virgin bottle resin pellets between 83 and 85 cents a pound, compared to only 58 to 66 cents a pound for PET recycled pellets.” Obviously, huge amount of oil is demanded to recycle plastic each year. Thus, decreasing oil price also provides a crucial opportunity for those recyclers. This should be a motivation that draw more firms accelerate their steps of recycling, which absolutely lessens the credibility of WSJ’s claim.

Another doubt is that recycling market will receive little influence from slumping oil price this time. Actually, the radical drop of oil price is a short-term case. As many countries, including US, China, some European countries, performed disappointed about their economy lately with the sanction towards Russia, oil price decreased insanely. Nevertheless, this case has little possibility to develop being a trend. Many reviving signals have already emerged worldly. Furthermore, recyclers have the natural advantage that they hold the ethics. They can shout “we recycle for humans and our future!”

Say No to Japanese Amination

China should take some actions to regulate Japanese animations. Japanese cartoons are definitely one of the most celebrated Japanese symbols. It has magical power can make millions of people addicted. “It is not a coincidence that Japanese animation has become a leading force in the cartoon industry. Relying on a meticulous approach, superb skills and colorful subject matter, it controls two-thirds of the global market. In the world’s 300 billion Japanese Yen (US$3.6 billion) cartoon market, Japan accounts for 65 percent, according to a statistics of the Ministry of Culture, Sports and Tourism of the Republic of Korea.” In China, countless teenagers are crazy about various Japanese animations. Even some adults are waiting the new series eagerly per week. Actually, many of my friends cannot live without watching Japanese animations and they persuade me joining in since watching Japanese animations can gain lots of spiritual strength as for their considerations. However, as for the benefits of developments of Chinese teenagers, China should provide appropriate regulations for Japanese animations.

Overwhelming injections of foreign cultures lead people overlook their own treasures. Japanese animations do not only show those fancy pictures, attractive plots, and interesting lines but profound cultural influence from Japan. Different kinds of stories presents the belief of Japanese in every aspects. Japanese language, food, costume, and ritual are transmitted from those animations to Chinese teenagers’ minds. Many Chinese students do not know Chinese history but are familiar about Japanese cultures.

Moreover, there are lots of unhealthy items in Japanese animations for teenagers and children. “China’s animation market is dominated by imported content, especially Japanese products. Classic manga series like “One Piece” have fostered a large group of followers. Earlier series like the basketball-themed “Slam Dunk” are part of the collective memory of many Chinese born in the 1980s. Japanese video content often show revealing scenes of violence and sex.” Children and teenagers are living in an age that can be influenced easily. They are in a period of setting up valid values. If Chinese government did not build limit for Japanese animations, Chinese teenagers and children can be misled deeply.

The most significant contribution is China should be aware of culture invasion. Nowadays, cold arms are laid down apparently. Nevertheless, the war of information, finance, economy, and culture never stop. Culture war is so cruel that if a country is imperialized by the other one, the teenagers will admire the foreign cultures then this nation will lose the ability of critical thinking and acknowledge of domestic culture.

Revised Blog 4: America Should Join AIIB

“’China is playing the long game effectively,’ said Cornell University economist Eswar Prasad, a former senior China official at the IMF. ‘They are in absolutely no rush. They know other countries will come to them.’”

This long game’s name is called AIIB (Asian Infrastructure Investment Back), which was proposed by Beijing in 2013 initially. From the name, we can infer that this is an investing bank mainly for developing infrastructures in Asian countries. However, the members are not limited only for Asian countries, while British, Germany, France have announced to join in. Chinese government injected 49 percent of initial capital to the new bank. Till now, the collected funds have been almost prepared. “Meanwhile, the bank is on track to reach its target of $100 billion in registered capital, up from the $50 billion initially announced and that China is providing, according to Chinese and Western officials.” The start-up capital was only $10 billion of the World Bank, though we should consider about the time cost and inflation rate. But, without doubt, AIIB will definitely not only be an Asian but a worldly economic and financial center.

For such a big game, will America be a role paler? I think so whereas American government officials do not. Admittedly, at the first glance, we may consider that America should set tremendous barriers for China to form AIIB to firm its dominant status of the world’s economy. However, what is the really wise choice for America? Join in!

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America’s join will provide a positive influence to form a valid and qualified regulation within AIIB. “Over the past year, however, the U.S. has urged its allies not to sign up for the bank, saying it would be an instrument of Beijing’s foreign policy and that without proper governing rules it could contribute to debt and corruption in borrowing nations.” America expressed that they did not frown to form AIIB, but could not nod to China’s regulatory policies. They worry that China is not qualified to govern and lead such a huge organization successfully. They doubt China is not capable to provide rules and regulations scientifically and efficiently. If America join AIIB, they can bring many matured rules and regulations by their various former experiences from leading the World Bank and IMF. After all, global economic chaos will also present negative effects on America. As AIIB has such a magnificent scale, if this organization expose essential problems, it is hard to image America will not suffer any harm.

Joining in AIIB also help America lessen China’s dominant power. “Another pending issue is how to structure the board of directors at the new bank. In the World Bank and the IMF, countries are represented by resident directors who are actively involved in the institutions and vote on new projects, programs and policies. Those representatives act as a check on management. The U.S. has been pushing the Chinese to adopt the same structure, according to those involved in the discussions, but Beijing is resisting. Instead, it wants the bank’s management, which will likely mean Chinese officials, to have a more powerful position.” Without America’s joining, China will absolutely be the sole dominator of AIIB. Then, China will readily and legitimately introduce some foreign policies that benefit itself. That is definitely what America did not want to see. “Still, Mr. Jin, interim chief of the new bank, said over the weekend that more than 35 countries will join as the bank’s founding members by the end of this month. South Korea and Australia, key U.S. allies in the Asia-Pacific region, are also expected to come on board by then, according to Chinese officials involved in the effort.” Moreover, as some America’s allies joined AIIB for their own profits, America could draw them on the same side to against China and balance the authority in the AIIB.

Till now, 46 countries have applied to join in AIIB and this number will continue goes up seemingly. China successively introduced “One Belt and One Road” and AIIB, the goal is so clear—forming and consolidating the Eurasian Economic Community. After setting down the deep fraternity between African countries, China is ready to lobby Europe with its strong power. If America cannot propose some effective strategy back, the day of China’s dominance will come soon. Actually, Joining AIIB is an indispensable move for America.

McDonald’s Has No Guilty

McDonald’s should not be the arch criminal of fast food worker’s low wage. Recently, fast food workers argue that they deserve more wages to earn their life. As the tycoon of fast food markets, McDonald’s is involved in this big dispute inevitably.  “At the McDonald’s annual shareholder meeting in Oak Brook, Illinois, on Thursday morning, hundreds of the company’s employees were protesting, demanding a minimum wage of $15 per hour and the right to unionize. The night before, more than 100 of the fast-food chain’s workers were arrested for crossing a police barricade.” I do admit that fast food workers need higher salaries but McDonald’s has no guilty.

Workers in McDonald’s earn better revenue than in other fast food companies. “The Massachusetts Institute of Technology has developed a living wage calculator based on typical expenses in specific locations. I looked at the 10 metropolitan areas with the highest employment in preparing and serving food, then compared actual wages in those places with what would be considered a living wage. Eight fell short. When I averaged the hourly wages across the 10 areas, they fell short of what would be considered livable by 91 cents per hour. And if employees in those areas needed to support a child, they would need to earn an additional $11.31 per hour.” Without doubt fast food workers really demands more money to live a normal life. But the data was just an average presentation that we cannot conclude McDonald’s has fault. Actually, the workers in McDonald’s earns more than most other fast food companies. In San Francisco, McDonald’s workers even can earn more than $12 average wage.

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McDonald’s make tremendous contribution to US every year. Besides billions of dollars revenue’s and significant tax dotation, McDonald’s utilize huge amount of money for charity. They help homeless old people can uneducated children all over the world. Nevertheless, when we learn this case profoundly, there are something ridiculous. “The National Labor Relations Board’s general counsel, who functions as the nation’s chief labor law prosecutor, determined in July that McDonald’s could be treated as a joint employer with its franchisees. In December, the NLRB general counsel issued complaints against the fast-food giant along with several franchisees alleging they violated the rights of restaurant workers who participated in activities to improve wages and working conditions.” It looks like some harmful proposals are consciously imposed on McDonald’s to produce negative influences. Though more ability means more responsibilities, it is not the excuse of finding a scapegoat.

Unique Lee’s Successful Singapore

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Lee’s successful Singapore model is not Asian’s future. Former Singapore’s great leader Lee Kuan Yew was gone on March 23, 2015. With little doubt, he was a hero of Singapore who made this country become one of the “Four Little Dragon of Asia”. After the graduation from the University of Cambridge, he returned back to Singapore to denote himself into developing this behindhand state. “Modern Singapore boasts the world’s second-busiest port, its most celebrated airline and an airport that hosts 15 million visitors a year. With an annual average growth rate of almost 7% since 1976, it now has a per capita income of well over $50,000, making it the wealthiest country in Asia. And it has the second most entrepreneurs per capita in the world, trailing only the U.S.” From the data, we can feel the astonishing achievement that Lee and his Singapore has made. As the longest serving prime minister in the world, he changed Singapore, changed Asia, changed world.

Nevertheless, his success is not a general model for many other Asian countries as Singapore and Lee both have some characteristics hardly be replicated.

“‘In the East, the main object is to have a well-ordered society so that everyone can have maximum enjoyment of their freedoms,’ Lee declared, suggesting that the curtailment of one freedom sometimes best assures the advancement of others. In his view, economic success and social order fully justified whatever state controls were necessary, even if a leader sometimes had to act in an arbitrary, even dictatorial, manner. ‘We have to lock up people without trial whether they are communists, whether they are language chauvinists, whether they are religious extremists,’ he bluntly said in 1986. ‘If you don’t do that, the country would be in ruins.’” Singapore’s democracy is extremely different from many other Asian countries that its Chinese population takes over 80 percent. This circumstance is totally different from those Western Asia countries. Even for other Eastern Asia countries, like Cambodia, Indonesia, and Vietnam, the percentage of Chinese population cannot be compared with Singapore.

Lee’s particular combining western and Chinese background is another contribution to demonstrate the uniqueness of his Singapore’s success. “Though cut off from his Chinese roots, Lee was a proud Chinese, and that may very well be how history remembers his astonishing career. Impressed by the economic growth enjoyed by Asian countries such as Japan, Korea, Taiwan and finally China, Lee began wondering if their common Confucian heritage was not the foundation of their success.” Lee neither insanely admire western way nor only utilize conservative Chinese traditions to develop Singapore. Actually, he and his friend Xiaoping Deng both shared a wise strategy that introduced some of the virtues of western and Chinese methods but got rid of those flaws. Not every nation leaders pertain this quality of perceiving bilateral cultures.

EU Should Save Greece

EU should encourage Greece to collect and utilize more capital. As Greece faces big challenge of the budget deficit and worse economy circumstance, the government hopes to get more bailout and fund. However, EU seemingly has the opposite view towards this issue. “Greece’s bank bailout fund received €48.2 billion from the EFSF between 2012 and 2014 under the country’s bailout agreements so that it could replenish capital in Greek banks. While the money it received from the EFSF was in the form of bonds, Greece also used €1.2 billion in cash reserves from its own bailout fund to recapitalize its banks. Athens believes that money should be returned since that didn’t originate with the EFSF. But in a conference call held earlier on Wednesday, eurozone finance ministry officials agreed that Greece had no legal claim to the much needed €1.2 billion.” Yet, as far as I am concerned, EU really should stand by Greece to earn more benefit for the whole EU.

Standing on the stance of Greece, this country urgently needs a huge amount of money to stimulate the economy. From the essential crisis in 2008, even earlier, Greece suffered from tremendous pressure of debt. With high welfare, the government endured the budget deficit for a long time. “But to get these, Athens will first have to present its international creditors – representing the European Commission, the ECB and the International Monetary Fund – with a full list of proposed reforms. Once that has been signed off by eurozone finance ministers, the country’s creditors could set out which of those measures need to be implemented to get fresh funding. In the meantime, as the country’s liquidity situation worsens, Athens has been trying to tap other sources of cash, successfully in the case of reserves in its bank bailout fund. Now it is looking at a €1.2bln refund from the European Financial Stability Facility – the eurozone’s bailout fund.” Without deep consideration, we may think that before borrowing money, Greece should get creditor first. But without any help, how can Greece get rid of such tough situation? EU definitely has the responsibility and duty to do this.

For EU and other European countries, saving Greece is a beneficial move. If Greece’s economy becomes worse and leave EU eventually, the unity and atmosphere of this organization will be hurt badly. Other members will be disappointed and lose faith about EU. Subsequently, other countries with financial problems, including Portugal, Spanish, Italy, may also leave EU in the end. That will be a depressed consequence that none of European countries want to see.

 

America Should Join AIIB

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“‘China is playing the long game effectively,’ said Cornell University economist Eswar Prasad, a former senior China official at the IMF. ‘They are in absolutely no rush. They know other countries will come to them.’” This long game’s name called AIIB (Asian Infrastructure Investment Back), which was proposed by Beijing in 2013. From the name, we can infer that this is a investing bank mainly for developing infrastructures in Asian countries. However, the members are not limited only for Asian countries, while British, Germany, France have announced to join in. Chinese government injected 49 percent of initial capital to the new bank. Till now, the collected funds have been almost ready. “Meanwhile, the bank is on track to reach its target of $100 billion in registered capital, up from the $50 billion initially announced and that China is providing, according to Chinese and Western officials.” The start-up capital was only $10 billion of the World Bank, though we should consider about the time cost and inflation rate. But, without doubt, AIIB will definitely not only be an Asian but a worldly bank.

For such a big game, will America be a role paler? I think so whereas American government officials do not. Admittedly, at the first glance, we may consider that America should set tremendous barriers for China to form AIIB to firm its own dominant status of the world’s economy. However, what is the real wise choice for America? Join in!

America’s join will provide a positive influence to form a valid and qualified regulation within AIIB. “Over the past year, however, the U.S. has urged its allies not to sign up for the bank, saying it would be an instrument of Beijing’s foreign policy and that without proper governing rules it could contribute to debt and corruption in borrowing nations.” America expressed that they did not frown to forming AIIB, but could not nod to China’s regulatory policies. They worry that China is not qualified to govern and lead such a huge organization successfully. If America join in AIIB, they can bring many matured rules and regulations by their various experiences from leading the World Bank and IMF. After all, global economic chaos will also present negative effects on America.

Joining in AIIB also contribute America lessening China’s dominance. “Another pending issue is how to structure the board of directors at the new bank. In the World Bank and the IMF, countries are represented by resident directors who are actively involved in the institutions and vote on new projects, programs and policies. Those representatives act as a check on management. The U.S. has been pushing the Chinese to adopt the same structure, according to those involved in the discussions, but Beijing is resisting. Instead, it wants the bank’s management, which will likely mean Chinese officials, to have a more powerful position.” Without America’s joining, China will absolutely be the sole dominator of AIIB. Then, China will readily and legitimately introduce some foreign policies that benefit itself. That is definitely what America did not want to see. “Still, Mr. Jin, interim chief of the new bank, said over the weekend that more than 35 countries will join as the bank’s founding members by the end of this month. South Korea and Australia, key U.S. allies in the Asia-Pacific region, are also expected to come on board by then, according to Chinese officials involved in the effort.” Moreover, as some America’s allies joined AIIB for their own profits, America could draw them on the same side to against China and balance the authority in the organization.