China's Industrial and Commercial Bank (ICBC) signed a pact with the Los Angeles city government to promote
cross-border yuan trade and set up an offshore renminbi centre in California, the bank said on Saturday.
China Merchants Bank Hong Kong branch completed its sale of a 2 billion yuan dim sum bond, which was priced at
3.95 percent for the 3-year tranche and 4.05 percent for the 5-year tranche.
The Hong Kong Futures Exchange, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing, will launch
three metal mini-futures denominated in the yuan on Dec 1. The contract size for aluminium, zinc and copper futures
will be 5 tonnes.
BNP Paribas (China) announced on Wednesday that it had further expanded its presence in the Shanghai Free Trade
Zone with the opening of a new branch.
CHOPPY VIDEO? "pretty confrontng moment" ... IS THAT AN AUSTRALIANISM?
brick & wood
jing ya tang
huang ting (peninsula set lunch)
cru steakhouse (marriott)
the pho laboratory
man fu lou
By James Mann
5 August 2008
The Wall Street Journal Asia
For decades, as the Chinese economy has advanced, Western presidents and prime ministers have been putting forward one ve...
"An unsettling possibility for America is that China could grow richer and yet remain authoritarian. In his book, “The China Fantasy: Why Capitalism Will Not Bring Democracy to China”, James Mann, an American journalist, argues that his countrymen like to believe they are changing China and that the Chinese are becoming Americanised. “These assumptions have never been borne out in the past,” he writes. American political debate tends to concentrate on two scenarios: the gradual liberalisation of China and, occasionally, the possibility of political upheaval there. A third, highly plausible scenario—that there will be no real political change—is also worth considering, says Mr Mann. American officials have often said that their country’s trade and engagement with China would help to change it politically, but they may have been mistaken.
Unchanged, and yet changing
Mr Mann may have understated the extent of recent changes in China. Its political institutions and its treatment of organised opposition to the party remain unaltered. But property rights, which hardly existed in China until the 1990s, have widely taken hold. Citizens protest against forced evictions from their homes to make way for development. A new army of private lawyers take on the state in court (and usually lose, but at least they try). The middle class, armed with the internet (users of which remain a step ahead of censors), demands, and sometimes gets, redress for abuses of power by local governments."
"Yet one needs to be cautious not to overestimate China's ability to fulfill its potential. Anyone who believes otherwise would benefit from reading James Mann's "The China Fantasy" and Minxin Pei's "China's Trapped Transition." They might be wrong in their predictions, but I find them convincing."
"The sceptics, anchored by polemics such as James Mann's The China Fantasy, look at Singapore and Russia. They see cosy ties between business and government and a bought-off bourgeoisie whose memories of hunger and fear of both chaos and the government keep them in line. No liberalisation is on the horizon. Life is better than ever, so why rock the boat?"
In "The China Fantasy: How Our Leaders Explain Away Chinese Repression," James Mann also scorns the Washington think tanks (one of which he works for).
But he hints that free trade advocates who pushed for China's admission to the World Trade Organization in 2000 misled the public.
"Across the United States, factories have closed and millions of Americans have been put out of work as the result of our decision to keep our markets open to Chinese goods. Meanwhile, the American people have been informed repeatedly that the reasons for our policy were not merely economic -- helping American companies that do business with or in China -- but political. Free trade was going to lead to political liberalization," he writes.
A former columnist and Beijing correspondent for The Times, Mann says it's too late to undo what was done.
"We need to stop assuming that we are going to integrate China into an American-led community," says Mann. But that doesn't mean that the United States has to quietly accept China's system of government.
"The United States ought to take a strong and forthright stand on human rights," says Mann.
"James Mann, the Los Angeles Times’s former Beijing bureau chief, was so bothered by this state of affairs that a few years ago he wrote The China Fantasy: How Our Leaders Explain Away Chinese Repression. The book is a taxonomy of all the transparently misleading buzz words, tropes, and justifications that brought us to the point where we “assume repression as a baseline,” says Mann. The argument is skillfully presented and damning, which perhaps explains its lack of impact. The book has, however, made navigating the sidewalks of Washington, D.C., a little easier for Mann. “There are now people that cross the street when they see me,” he says."
For years, U.S. policymakers have generally left human rights issues on the back burner in dealing with China. The rationale has been that Beijing's autocrats eventually would become more democratic o...
China is likely to disappoint those who believed that the country’s embrace of globalisation would usher in greater political freedoms over the next few years. James Mann, an American journalist, gave warning of this in a 2007 book, "The China Fantasy: Why Capitalism Will Not Bring Democracy to China", suggesting that a quarter of a century from now China’s "current system of modernised, business-supported repression could well be vastly more established and entrenched". A lot can happen in 25 years, but the line-up for next year’s change of leadership does not give cause for optimism.
U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION FORMUM ENTITLED "CHINA'S INTERNAL DILEMMAS," ROUNDTABLE
FEBRUARY 25, 2011
SPEAKERS: ELIZABETH ECONOMY, C.V. STARR SENIOR FELLOW AND DIRECTOR FO...
The day's keynote speaker is Ambassador Richard Solomon, president of the United States Institute of Peace and former assistant secretary of state for East Asia. He will be interviewed by James Mann, author of "Rise of the Vulcans" and "The China Fantasy."
By BILL BISHOP
22 October 2012
"In his 2007 book"The China Fantasy" (Viking), James Mann criticized the argument that trade and engagement would bring l...
"In 2007, James Mann wrote “The China Fantasy,” a short book arguing that Western elites had misrepresented the benefits of engagement with China, and that prosperity and capitalism would not necessarily bring democracy to the country. Mr. Mann asked:
“What if China manages to continue on its current economic path, yet its political system does not change in any fundamental way? What if, twenty-five or thirty years from now, a wealthier, more powerful China continues to be run by a one-party regime that still represses organized political dissent much as it does today, while at the same time China is also open to the outside world and, indeed, is deeply intertwined with the rest of the world through trade, investment and other economic ties? Everyone assumes that the Chinese political system is going to open up — but what if it doesn’t? What if, in other words, China becomes fully integrated into the world’s economy, yet it remains also entirely undemocratic?”
That is the question many may now be focused on. As much as we in the West would like to assume that more prosperity will make China “more like us,” is there actually solid evidence to support that belief?
"Over the last six years, I have been impressed by Chinese middle class concerns in three areas. The first is pollution and air quality, which is really bad. The second is food quality, or product quality. Even basic milk is tainted in China, and people are importing milk from Hong Kong and overseas because they cannot trust anything they buy. The third is internet censorship, which is viewed as a daily annoyance and insult for middle class people," Prof. Mann opined.
“The main, single, ferocious idea of the party is that there is not going to be a Chinese Gorbachev,” said James Mann, author of “The China Fantasy,” a book that aims to explode the assumption that economic progress inexorably leads to democracy.
“They are committed to a collective leadership, where nobody can get too far out in front of the others,” he said. “They are not open to restraints on the power of the party.” There was no reason to think Xi wanted to relax the party’s hold on power, Mann added. “And if he did, he wouldn’t be allowed to.”
LOCKED UP ... QUOTES MANN
“Countries generally seem to feel that they can't just say this is a big, tough, nasty government, but we have to deal with it," said James Mann, the author of The China Fantasy, which respected China watcher Bill Bishop has called “the most important and prescient American book on China of the 21st century."
RESPECTED CHINA WATCHER, EH?
MANN GETTING SOME LOVE
"And an 18 page idea book with project photos and quick start instructions"
ALREADY HAVE LOTS OF KEVA PLANKS ... JUST NEED THE IDEA BOOK ;-)
"I saw these hanging around a toy store full of overpriced "education" and "creative" toys."
WHY HAVEN'T I HEARD OF THIS BEFORE?
ARDBEG FOR BLOG POST
BUT IS IT CAPITAL A.R.T. ART?
JAPANESE MOM OF COURSE ... BORED AND FRUSTRATED AT HOME BUT NOT WATCHING THE SOAPS
"Take Off That Dollar Sign from Your Prices"
"Add An Expensive Steak To Your Proposal"
"Do Not Underestimate Your Customers" i.e., NEVER ROUND YOUR PRICES
HOW MANY HAS HE DONE?
"4 million songs on Spotify have never been played.
Not even once. Let’s change that."
SURPRISED IT'S NOT 40 MILLION
LOVE IT BUT IS IT CAPITAL A.R.T. ART?