Korean Job Discussion Forums

[caniff]

http://online.wsj.com/article/SB20001424052702303443904575579070132492654.html

[mises]

This isn't hype related.

http://english.aljazeera.net/programmes/101east/2010/11/2010111082259776407.html

[bucheon bum]

[travel zen]

[mises]

Here is how China has managed to industrialize without serious contractions:

http://www.chinadaily.com.cn/business/2009-06/08/content_8260388.htm

[bucheon bum]

Should China Rethink High Speed Rail?

[TheUrbanMyth]

[bucheon bum]

China's Army of Graduates Faces Struggle

Kinda sounds like the USA.

[mc_jc]

As the title suggests, the situation going on in China is all that it implies...hype.

China artificially keeps its currency low and the government heavily subsidizes its industries to the point that there could be no competition.
Furthermore, the government keeps the income of the population so low so manufacturers could pay their employees a 'living salary' and still have enough to profit from.

The strategy the Chinese are using now is virtually the same strategy the US used during the industrial era- companies and factories paid their workers only enough to keep them working and never enough to have a meaningful savings. Then if an employee has a family to support, the worker has to work twice as hard to make enough money to take care of them.

Now China is using its economic leverage to influence and pressure nations to 'tow the line' or be left out of the 'Chinese Dream' by not getting favorable trade status with China- thus forcing those nations that go against them to pay more for Chinese products and Chinese customs places heavy tariffs on their imports to China.

The problem between the west during the Industrial Era and China now is that the West was in general politically progressive, while the Chinese will do anything and everything to hold onto power, even fire on their own people, as seen in Tiananmen Square, Tibet and Xingjian (though Tibetans and Uighurs are not considered 'Chinese', but autonomous minorities).
As the CCP was working for the people to depose to the corrupt Guomingdang government in the 1930's and 1940's, the government shifted gears and now serves the interests of industry and commercialism.
The openness that was introduced by Deng Xiaoping in the late-70's was meant to improve the lives of the people, but as the party saw how lucrative business was for their own interests, the interests of the people are put second-place.
The massive amount of nationalism that is seen throughout Han China is a result of national ambivalence toward government, as most citizens feel that it is detrimental to interfere in their own government- either through intimidation of being arrest or worse

[travel zen]

^ Nice piece.

[Kuros]

Let's recall how far behind China is.

The Pentagon says China is still years away from deploying a stealth aircraft

[Space Bar]

The US spends more on its military than the rest of the world combined. Nobody is anywhere near as close.

[mises]

[rollo]

This summer there will six million university and college graduates who do not have a prayer of getting a job. None nada, zilch. no jobs. their family beg borrowed and stole to get them this education and all for nothing. Inflation is way over 10% and that is not factoring the increase in housing prices . When those college students hit the streets this summer facing no job, no house in the future watching the party bosses zip by in their new luxury cars, it might get a little tense.

[Kuros]