Nothing is permanent in this world except for death and taxes. We all know that. It is a reality we have learned to live with throughout time, from one generation to another. And like everything else that changes over the years, how well or poorly a country’s economy fare is likewise dependent on many factors. And one of the most bustling economies right now is that of China. It has grown considerably over the last few decades and manages to keep everything together even if the economies of other nations have suffered badly. Basing on the nominal GDP, China is the second largest economy worldwide. And according to the International Monetary Fund, China has the largest economy in terms of purchasing power parity. Without a doubt, the Chinese have the fastest growing economy the world over. That’s not surprising at all considering how almost everything is made in China nowadays. Indeed, their economy has stood the test of time. The Chinese leaders definitely know what they are doing and other world leaders should learn from these Chinese masters.
The Chinese are careful and meticulous people. Despite what they have achieved so far, they aren’t too full of themselves and keep on pushing themselves to their limits because they know that things can suddenly go downhill if they aren’t careful enough and put in place a good backup plan for when disaster strikes.
And as expected, the New Year has been good to the Chinese. Their economy keeps on growing while other major cities and countries continue to struggle. They must know something that the rest of the world still don’t know of.
(Via: http://money.cnn.com/2017/04/16/news/economy/china-gdp-economic-growth/) While things are looking pretty good for China now, everything may easily turn against them because their economy is also heavily indebted. No matter how resilient their economy may be, it is possible for it to crash just like the others. However, the experts from the IMF are banking on China’s positive growth during the first quarter, sturdy financial markets and rising commodity prices to help fuel and stabilize the global economy. Likewise, the positive meeting between the Chinese and American leaders in Trump’s Mar-a-Lago has eased the worries of many about a possible conflict between the two superpowers considering Trump was open about his antagonism towards the Red Dragon of Asia. The following blog article China’s Economy: Unwavering Despite The Odds was first published to https://chrdnet.org from https://chrdnet.org/2017/06/30/chinas-economy-unwavering-despite-the-odds/
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For the love of marketing, advertising will remain to be a staple in any market. What better way to reach out to people or let everyone know about a certain product or service through ads (media, print, etc.) that show them how these items can change their lives for the better. These ads have been effective for years in increasing brand recall and boosting sales of many businesses. And the continued advancements in technology gave helped a lot in promoting or growing any brand throughout the world. But in China, the Chinese government now restricts the hiring of Korean stars in marketing and advertising in China because of a diplomatic dispute. China is implementing a clampdown on Hallyu, the Korean wave of KDrama and KPop, thereby companies operating in China will no longer hire South Korean celebrities in promoting various products or services offered to the Chinese market. It’s all because of the South Korean government’s support on the U.S. missile defense technology that will likewise be carried out on South Korean soil, which is officially known as the Terminal High Altitude Area Defense System or simply THAAD.
And it’s not only in advertising but Korean performers are likewise no longer welcome to perform in shows in China. It seems like a dead-end for South Korean stars who wish to earn extra on the side on Chinese territory.
Considering how serious the Chinese government is when it comes to implementing restrictions they consider are crucial for national safety and security, this restriction among South Korean stars will perhaps go on for a while as China decides who deserves their loyalty, their long-time ally and diplomatic partner, North Korea, or will they pursue a friendly relationship with the Western superpower that is America, which is likewise a friend of South Korea. But to add more insult to injury, not only is China no longer hiring South Korean endorsers but even Chinese tourists going to South Korea have significantly gone down as well.
South Korean tourism suffered a lot because of the Chinese ban. But if there is one good thing that came out of this tension, South Korea realized they can’t depend solely on Chinese tourists to boost their revenue because the issue of geopolitics in the region can easily turn against them at any given time. The Chinese can be unforgiving and that’s a lesson learned by all South Koreans, albeit in a hard way. The country is currently opening its doors to other neighboring tourists in Asia and Southeast Asia to make up for the drastic loss of revenue. A door has been closed but they can definitely open up many windows. Korean Ads No More In China is republished from The Chinese Human Rights Development Net Blog from https://chrdnet.org/2017/06/27/korean-ads-no-more-in-china/ The world is riddled with human rights abuse issues. From highly progressive countries to struggling third world ones, human rights violations are issues people deal with in their day-to-day. Among the most notorious countries that have prevalent cases of human rights abuse is China. While their constitution supports and respects the inherent rights of the Chinese people, the government is doing just the opposite. From their one-child-policy that forced married couples to only have one child (which has been implemented since 1979 but thankfully has been stopped in early 2015) to restrictions on the people’s freedom of speech, the press, Internet, movement, association, religion and even organ harvesting among many others, China has utter disregard for all those and often uses the excuse of “protection of state secrets” or “subversion of state power” in doing so. As China opened its doors to the rest of the world, China embraced the rule of law in an attempt to establish the modern Chinese court system. But nonetheless, the government still violates many provisions of the Constitution, especially the ones dealing with the human rights of the citizens. Even the judiciary experiences extreme political pressure from the government, resulting in countless political prisoners because of the failure to uphold due process. This superpower of a nation is known to shun outsiders from inspecting the Chinese penal system, which is why many calls their system a “rule by law” and not a “rule of law.”
(Via: https://www.hrw.org/news/2017/04/06/us-china-rights-abuse-overview-ahead-xi-trump-summit) For many years, China was a mystery to the rest of the world. Nobody really knew what was going on inside its borders. But over the years, the world at large knew more about the blatant human rights abuse happening all over Mainland China. Not only is the rule of law not upheld but the Chinese government does not run out of excuses for their grave misconduct. Even with the advent of the Internet and major technological and communication advancements, the government was able to find a way to restrict and monitor Internet access and use of their people to prevent further Western influence from corrupting their minds.
(Via: http://www.thesaurus.com/browse/blatant?s=t) To say that China is a strict nation is an understatement. Only China can enforce an obvious contradiction of the rule of law or of their constitution regardless of what the entire world has to say. But what stand out the most are the numerous cases of human rights abuse on its people. Throughout the 1990s, China sentenced to death or executed a record-breaking high not rivaled by any other country. The truth is, China has actually executed the highest number of death penalties worldwide. While they generally put to death row serious offenders with cases like aggravated murder, other non-violent crimes such as drug trafficking also earn a criminal a trip to the death chamber. Today, other nations are urging China to put a stop to their barbaric ways and treat their people with dignity and respect. While it might take a while before this authoritarian state does that or will even consider doing that, the rest of the world are still hopeful that change is coming in this mammoth nation, and hopefully, it is for the better. The post The Truth About Abuse Issues In China Find more on: CHRDnet.org from https://chrdnet.org/2017/06/22/the-truth-about-abuse-issues-in-china/ China is more popularly known as the land of kung-fu, Chinese food, and Confucius. It boasts of an ancient civilization that flourished for centuries and remained resilient against foreign invaders. If the Great Wall of China isn’t testament enough of their courage and determination to defend their country from outsiders then I don’t know what is. But if you look at China today, it shows a delicate balance of their rich history but as well as of their unparalleled mastery of advanced technologies that rules the world today. Technology is everywhere and we can’t stop them from conquering all aspects of our lives. Most innovators are actually of Western influence but the growing interest and capability of the Asian market to keep up with tech advancements and production only goes to show that not only Westerners dominate this market today. For instance, China is now home to numerous skyscrapers that defy reality. Many Chinese experts have likewise pioneered in advanced medical and commercial technology that is now used all over the planet. China is even ambitious enough to invade the market of military technology which is now dominated by America.
(Via: https://www.nytimes.com/2017/04/07/business/china-defense-start-ups-pentagon-technology.html?_r=0) The new breed of Chinese tech geniuses would put any geek nerd from Silicon Valley to shame. They are bringing in their A-game strong and the Chinese government is all out support for it. Even if theirs is the strongest economy in the world, they don’t settle for that when they can aspire for even more. And with over a billion Chinese in population, it won’t be hard to find some rare talent out there in the land of the Red Dragon of Asia.
And the Chinese aren’t afraid of thinking out of the box solutions to the most mundane of problems. Only in China can you see robots managing the traffic. Well, we have traffic lights that do the work for us but the technology is eons away from these phenomenal lane robots.
China isn’t afraid of defying the norm and in innovating even more outrageous and advanced technologies that take the world by surprise. You can see it in their infrastructure, buildings, and many other technologies used in our day-to-day. It is China’s goal is to lead in science and innovation this 21st century and compete with many Western Nations in developing advanced technologies that can hopefully make the world a better place. It is no longer surprising that China makes artificial islands on contested territories because they actually have bigger plans looming in the horizon. They even plan on setting a moon base for military purposes. It might sound outrageous now but let’s just wait and see until they make it happen. The following blog post The Edge Of Chinese Technology is courtesy of https://chrdnet.org/ from https://chrdnet.org/2017/06/17/the-edge-of-chinese-technology/ We are not new to disasters. Wherever you are in the world, you experience your fair share of calamities now and then. For instance, America is riddled with problems like tornado, earthquake, and hurricanes among others. Meanwhile, if there is a continent in the world that experiences almost all types of disasters, then without a doubt it has to be Asia. From earthquakes, volcanic eruptions, tsunamis, hurricanes to flooding, the lives of Asians are always at risk and their tenacity is always put to the test whenever these disasters strike. For starters, the “Ring of Fire” is found in Asia. This area in the Pacific Ocean experiences the most number of volcanic eruptions and earthquakes each year. So now you know why Japan is always hit the most by powerful tsunamis. Hurricanes and flooding are likewise common phenomena that ordinary Asians also have to deal with, and environmental issues worsen this. Not only are lives lost but properties are damaged because of these strong waters. Recovery is not always easy but most Asian countries strive to move on with their lives, mostly with foreign help.
(Via: http://reliefweb.int/report/world/impact-and-causes-disasters-and-migration-southeast-asia) Although the people are used to facing these calamities, it still has a devastating impact on their lives especially when the destruction is wide scale and they lose access to basic services.
(Via: http://asiancenturyinstitute.com/environment/40-natural-disasters-in-asia) Poverty also plays a big role as to why the extent of the damage is magnanimous in most Asian countries. The poor tends to live together in makeshift shanties near the road or under bridges where they aren’t exactly protected from the harsh elements.
(Via: http://www.alternet.org/environment/how-world-breaks-interview-stan-cox-and-paul-cox) In the last two decades, over 2,200 natural calamities struck Asia alone. Climate change is a major factor as well that worsens the damage caused by these natural calamities. Then, there are man-made disasters as well that are just as damaging as the ones caused by nature itself. These days, government leaders work hand in hand in addressing key climate change and global warming issues to protect the lives of their constituents and lessen the damage to properties and infrastructure. It is never too late to change our ways to lessen the damage to the environment and slow down the progression of climate change. While we can’t undo the damage of yesteryears, we can clean up our act and start doing environment-friendly measures aside from being always ready for when disaster strikes. Asia Hit Hard By Natural Disasters was initially published to The Chinese Human Rights Development Net Blog from https://chrdnet.org/2017/06/11/asia-hit-hard-by-natural-disasters/ Social media is all over the web. People from all walks of life enjoy an hour or two of virtually doing nothing but browsing the World Wide Web for leisure. Meanwhile, other people found an opportunity to make money on the web and give them all the more reason to go online daily to earn a living. There is a long list of social networks that abound the web today. It is already hard to keep track since new ones pop up every now and then, but of course, nothing beats the classic and all-time favorites that are Facebook, Twitter, Instagram, Pinterest, Snapchat, and so on. However, not everyone gets to enjoy the benefits of these social networks. For instance, the government restricts contents of what an individual can access in China. The Chinese government has actually been jokingly referred to by many as “the great firewall of China” because of the extreme Internet censorship practiced there. They can go as far as blocking sites, restricting access, monitoring your online activity and making it look like you sent something over the web but are actually intercepted by the government in reality. They really do some very nasty and sneaky web censorship in China and it has been a cause for alarm for some world leaders from then until now. And as such, much of the Chinese misses out on all the wonders offered by social media but leave it to the Chinese to improvise and make up something similar of their own to make up for whatever they have lost. After all, everything is almost made in China, right?
(Via: http://www.cnbc.com/2017/04/19/chinas-digital-media-is-booming-but-breaking-in-can-be-tricky.html) Technology is such a wonderful thing for giving mankind the gift of social media, which may work flawlessly or not at times. But most content we see today are really unknown to most Chinese people. Again, Internet censorship is at work because the Chinese government wants no or as little Western influence to ever corrupt the minds of their people. Hence, most social networks like Facebook and Twitter, infamous platforms for social and political discourse – are banned in China. Even the search engine Google while controversial events happening in different parts of the world can’t be searched in most Chinese search engines.
This may be baby steps for China but this will do for the meantime. For so long, the Chinese resisted change and Western influence like their neighbor and close ally, North Korea. But ever since China opened its door, they have been gradually embracing change one step at a time. While the transition was challenged by the sudden rise of technology and social media, they appear to be gradually loosening up and hopefully, this will keep up. No more social media bannings and nonsensical Internet censorship that violates the rights of the Chinese people to free speech and expression. The following blog post Are The Chinese Really Missing Out On Social Media Read more on: CHRDNet from https://chrdnet.org/2017/06/09/are-the-chinese-really-missing-out-on-social-media/ Hong Kong is one of the premier destinations in Asia. This former British colony is a popular business hub and tourist destination by both local and foreign visitors. With its lively night market and street stalls lining its busy city streets, Hong Kong life is alive and booming. It is a vibrant city full of exciting things to do. You will never run out of things to do and discover, whether it is to learn more about its history, culture, and famous tourist attractions, this tiny little hub is a delicate balance of Asian and Western culture, hence earning itself the title where “East meets West.” But even with its strong Western influence, Hong Kong managed to maintain its local Chinese roots despite their fast and modern lifestyle. But more than that, Hong Kong is known as the leading financial center in Asia. Most major banks have offshore offices here aside from the Hong Kong currency being one of the most traded currencies worldwide. Moreover, the Hong Kong port is one of the largest and busiest in the world. Those are just some of the juicy facts about this most sought after destination in Asia but with economies suffering today, is the magic still alive in Hong Kong or is it just but a shadow of its former self?
(Via: http://www.arabnews.com/node/1086401/world) Like any other nation in the world, Hong Kong’s economy is likewise suffering. Businesses can feel the threat of “imported inflation” among many other things. Even the economists brace for a tough year in Hong Kong this 2017 as the slowing private consumption, pressure from weak exports and a slumping property market continues to threat this city-state’s struggling economy. Even the happiest place on earth is not immune to this slump.
While the future does not look that bright and promising to everyone in Hong Kong, they are not the only one suffering. Other economies are in a slump too and many global brands are likewise closing stores all over the world. The rise of e-commerce may be partly to blame but we can expect a rise in the unemployed once this trend persists. So, it is not so bad in Hong Kong after all. The magic may not be as bright and blinding as it was once in the past but there is still a glimmer of hope that it will come back to its former glory if Hong Kong can just manage to keep its act together until that time comes. Is The Magic Still Alive In Hong Kong? Read more on: https://chrdnet.org/ from https://chrdnet.org/2017/06/06/is-the-magic-still-alive-in-hong-kong/ Business trends wax and wanes over time. Even though your business is a household staple, you can still experience a reduction in revenue for a lot of reasons. One of the main reasons why businesses declare bankruptcy is because they fail to stay relevant in a world that is increasingly becoming globally competitive. Global issues can mess with the global economy and likewise have a domino effect on various businesses in the market. Asian businesses even suffer from issues affecting western soil and that’s more than half of the planet’s population struggling financially. Political instability, social unrest, infrastructure issues and economic stagnation are just a few of the challenges faced by the Asian market and can determine whether Asia remain prosperous or not.
Little does President Trump know how much of an impact his statements or policies have on the global arena. The Asian market plummets further as yet Trump made another questionable move that raises the eyebrows of many.
(Via: http://www.chicagotribune.com/business/sns-bc-financial-markets-20170517-story.html) Politics has long been a catalyst for movements in the stock market. Disturbing issues can rattle the confidence of investors and cause a panic selling of stock shares. It’s a kind of domino effect we like the least.
The Asian market is full of all sorts of uncertainties that are worsened by Trump’s unpredictability. Moreover, many Asian countries are plagued by problems of widespread corruption, poverty, political conflicts, human rights, crimes, and natural calamities that have a big impact on the overall economy. Even the government can’t always be relied on to maintain peace and security in their own countries, which are among the reasons why multinational companies have second thoughts in putting up business in these countries. Despite being home to roughly 60% of the world’s population, they also happen to be the poorest in the world, so let’s wait and see how Asian leaders whip up their magic and salvage the Asian economy before it hits rock bottom. Asian Businesses Struggle To Keep Business Afloat is republished from The Chinese Human Rights Development Net Blog from https://chrdnet.org/2017/06/03/asian-businesses-struggle-to-keep-business-afloat/ The Asian market, in general, is in an economic slump. While the controversial stand and policies of US President Trump is partly to blame for this, the long-standing issues of poverty, corruption, calamities and many others have long been factors as to how the Asian market fares in the global market. And one of the most formidable markets in Asia is that of China. No other nation can beat China’s achievements and influence to the entire world. After all, almost everything is made in China, right? However, the market is volatile. Everybody knows that. Sometimes the market is doing well and other times it does not. China isn’t exempted from this economic trend and likewise, has its fair share of ups and downs over the years. Even though the China’s economy is the second largest the world over, certain triggers can make it crash with little warning.
If there’s anything that is holding up the Chinese economy, they owe it all to property investment and infrastructure. However, there is no assurance that they will hold up any longer if the Chinese market continues to decline any further.
(Via: http://www.reuters.com/article/us-china-economy-idUSKCN18C0FZ) China plans on reducing debt to help the economy bounce back. The Chinese government is tightening their belt in a desperate attempt to reduce financial risks and hopefully improve the Chinese market. Their goal is to drive the economy by consumer spending but it’s a long way from now. The best solution for their financial woes involves deep economic reforms to promote sustainability and boost economic growth. Although technically not in a recession, the Chinese economy has greatly slowed down over the last two years. Their economy is the second strongest in the world next to the US, so seeing them struggle is not a good sign at all. It is hard maintaining an annual growth of 10% when the economy matures like that of China, so their main focus should be directed towards needed reforms rather than push for more growth that the current economy can’t yet support. China’s Economy At A Standstill Find more on: CHRDNet from https://chrdnet.org/2017/05/30/chinas-economy-at-a-standstill/ We’ve all heard stories about cheap Chinese labor that aren’t always pleasant to the ears. Almost everything sold globally is made in China. China has one of the cheapest labor/ manpower in the market, which is why multinational companies prefer doing business in this part of the globe because they get to save lots of money in the process. But how well do we really know about what’s going on in many of these Chinese factories? Don’t workers get paid right and do they really work under extreme and often unsafe working conditions? Wherever you are in the world, it is hard to compete with Chinese labor and companies know that. Name any popular brand you know and they likely have an offshore office or factory in China to help them meet production demands. For the average Chinese person, these factories provide opportunities for them to earn some money to provide for their own families, obtain basic rights and send their kids to school. And no matter how difficult working conditions are, most Chinese don’t complain about it and just do their jobs to the best that they can.
(Via: http://nextshark.com/undercover-photos-reveal-horrific-working-conditions-chinese-toy-factory/) It’s true that many Chinese workers are still abused by their employers and don’t get proper remuneration for the services they render. However, things are improving in some factories and working conditions are better now that in did before. We can still hear the occasional horror stories but things are gradually changing. Meanwhile, other factors affect the overall work climate in China. This nation may have over a billion in population but many are aging and gaining affluence, which has a big impact on the work force in general.
And most likely Chinese labor won’t come in cheap anymore.
(Via: http://www.sltrib.com/home/5161138-155/changing-china-its-not-easy-doing) In any nation, there will always be cases of abuse in the workplace. It is up to the worker to stand up for themselves and protect their rights with or without the help of the government. Companies will often choose profit over everything else. So, it is not surprising to see them compromise other aspects of production and manpower just to save more money and grow their income. When that happens, it’s time you go looking for a new job in a company that won’t compromise the life, health, and safety of their workers. With increasing globalization and the rise of social media, it is more convenient than ever to expose inhumane working conditions so the authorities are made aware of such practices. As the income of the average person also increases comes more opportunities for livelihood for those individuals who no longer want to settle with a low-paying factory job. China is not an exception to all these things no matter how much the government tries to restrict the citizen’s access to the web. And it is only the right thing to do that many companies are cleaning up their ranks and improving working conditions in most Chinese factories because all eyes are on them now. The following article Is Chinese Labor As Bad As It Seems? See more on: Chinese Human Rights Development Net from https://chrdnet.org/2017/05/24/is-chinese-labor-as-bad-as-it-seems/ |
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