The four are members of a new idol group, Machikado Keiki Japan, and stocks play an important part in their performances.

“We base our costumes on the price of the Nikkei average of the day. For example, when the index falls below 10,000 points, we go on stage with really long skirts,” Mori explained.

The higher stocks rise, the shorter their dresses get. With the Nikkei index ending above 13,000, the four went without skirts altogether on the day of their interview with The Japan Times, instead wearing only lacy shorts.

{ Japan Times | Continue reading }

{ The latest meme to overtake the internet in China? “Gou gou chuan siwa” (狗狗穿丝袜), or in English, “Dogs wearing pantyhose.” }

Feb. 19
First male patient, 87, became ill with H7N9

Feb. 27
Second male patient, 27, became ill with H7N9

March 4
First male patient dies

March 9
First female patient, 35, from Anhui province became ill with H7N9

March 10
Second male patient dies
Initial report of over 900 dead pigs in Shanghai’s Huangpu River (as of Saturday, March 9)

March 11
Count of dead pigs in rivers near Shanghai reaches nearly 3,000

March 13
Officials say the number of pig carcasses in Huangpu River has risen to 6,000

March 14
Workers continued to haul dead hogs from a river in the Shanghai suburbs Thursday, where the pig body count now exceeds 6,600, according to the municipal government
Farm in Zhejiang province confesses to dumping pig carcasses into river

March 20
The number of dead pigs discovered in Chinese rivers around Shanghai has risen to almost 14,000

March 22
50 pigs wash up onshore in Changsha, Hunan province; ~1,000 dead ducks are also discovered
Number of dead pigs found in Shanghai river rises to 16,000

March 25
China pulls 1,000 dead ducks from Sichuan river
Government officials say that 1,000+ rotten duck carcasses pose no threat to human and livestock along river banks
Illegal Zhejiang pork found in food chain

March 26
Dumping of thousands of dead pigs linked with Chinese crackdown on pork black market

April 1
Dr. Michael O’Leary, World Health Organization, says that there is no evidence to show that a type of bird flu which has killed two Chinese men can be transmitted between people

April 2
Shanghai Animal Disease Prevention and Control Center tested 34 samples of pig carcasses pulled from Huangpu River and found no flu viruses

{ Foreign Policy | Continue reading }

China’s population is larger than those of North America, Europe, Russia and Japan combined, and has no tradition whatsoever of liberal democracy and memories are still fresh of the devastating breakup of the Soviet Union. Going further back, China’s more recent history saw chaos and wars, and on average from 1840 to 1978 a major upheaval every seven or eight years. So the Chinese fear of chaos is based on common sense and its collective memory, with very real fears that the country might well become ungovernable if it were to adopt the adversarial Western political system.

China is in many ways unique. It is an amalgam of the world’s longest continuous civilization with a huge modern state. It is a product of hundreds of states amalgamated over its long history into one. A very rough analogy would be something along the lines of the ancient Roman Empire continuing to this day as a unified modern state with a centralised government and modern economy while retaining all its diverse traditions and cultures, and with a huge population still all speaking Latin as their common language. […]

China tried American-style democracy after its 1911 Republic Revolution, and it turned out to be a devastating catastrophe. The country was immediately plunged into chaos and civil war, with hundreds of political parties vying for power and with warlords fighting one another with the support of various foreign powers. The economy was shattered and tens of millions lost their lives in the decades that followed. That lesson remains so sharp that even today ordinary Chinese are most fearful of luan, the Chinese word meaning chaos. Independent opinion surveys on values in China show that public order is generally ranked top, whereas for Americans freedom of speech is the number one value (even though, one may wonder how a politically correct society like the United States can have genuine freedom of speech).

Having myself travelled to over 100 countries, most of them developing ones, I cannot recall a single case of successful modernisation through liberal democracy, and there’s no better example illustrating this than the huge gap between India and China: both countries started at a similar level of development six decades ago, and today China’s GDP is four times greater and life expectancy 10 years longer.

{ Zhang WeiWei/Europe’s World | Continue reading }

photo { Jordan Fox by Jasper Rischen }

So, it’s mid-March 2013 and, the S&P 500 is at 1550, right where I said it would be nine months ago. […] I see the S&P continuing to frustrate the majority (that is what markets do).  It may hit 1560-1580 prior to actually having a legitimate correction of 5-10%.  There is so much liquidity awaiting deployment upon a pullback that the pullback will be quick.  Later in the year, it’s very likely we’ll see 1600-plus on the S&P (September-November).  In my view, the market will be a good sell at that point, so will many credit products.  There is no way the Fed can shift its policy stance concurrent with having to immunize a $4 trillion balance sheet going into the end of a fiscal year.  2014 is likely to be challenging.
 
Enjoy this while it lasts. […]

The People’s Republic’s big issues will start in fiscal years 2013-2014.  China Merchants Bank, for example, is already seeing a bigger rise in bad-loan provisioning and lower good-loan growth than Western equity analysts think.  The CEOs of two large Brazilian companies, Vale and Petrobras, are starting to plan for China to “hit a wall” in 2015-2018. Essentially, China will look OK through April 2013 then big problems will hit the country.

Europe will not implode.

{ Secret top source/Minyanville | Continue reading }

China’s demand for foreign milk powder surged after a 2008 milk powder scandal, in which at least six children died and more than 300,000 got sick from milk laced with melamine. Hong Kong’s wide range of foreign milk powder brands is considered more trustworthy than even the foreign imports available in Chinese supermarkets. […]

Middle-class parents choosing to feed their child foreign milk powder might spend anywhere from 25-40% of their monthly salary. […]

Comprehensive statistics are impossible to gauge, but it is very common to encounter Chinese people overseas who have been asked to send back milk powder to a friend or relative, or who know others that engage in this activity to make money. 

{ Tea Leaf Nation | Continue reading }

The resilience of the Chinese authoritarian regime is approaching its limits. Theories of “threshold models” and “informational cascades” derived from the East German experience may help explain what happens next. China, however, is different from East Germany in several ways. Among other differences, it is not a client state and its economy is growing faster than those of its neighbors. Citizens are better informed about what other people think; the Chinese police are more skilled in the arts of repression, and the regime is more adaptive than other authoritarian regimes. A breakthrough moment could be triggered by several kinds of events. A key variable in the cascade model of political change is fear, and that seems to be diminishing.

{ Journal of Democracy | PDF }

photo { Mitch Epstein }

Evidence from a new study published in Science suggests that the One Child Policy in China is negatively affecting the personality of new generations. It claims that single children born under the policy are less trustworthy and trusting of others, more risk-aversive and pessimistic, less competitive and less conscientious.

{ Marianne Cezza | Continue reading }

photo { Mitch Epstein }

What if you could not access YouTube, Facebook, Twitter, and Wikipedia? How would you feel if Google informed you that your connection had been reset during a search? What if Gmail was only periodically available, and Google Docs was completely unreachable?

These things happen almost every day in China. […] Most of these problems are caused by GFW (Great Firewall of China, also known as GFC), one of the most important building blocks in China’s comprehensive censorship system, and perhaps the most sophisticated Internet censorship system in the world. […] Using special techniques, it successfully blocks the majority of Chinese Internet users from accessing most of the Web sites or information that the government doesn’t like. […]

Over a decade of development, GFW has been deployed near the gateways of all Chinese domestic ISPs. With DPI (deep packet inspection) technology, GFW wiretaps all international links and inspects the traffic to detect any sensitive keywords going through the gateway. GFW depends mainly on three technologies to block “harmful” information: IP blocking, DNS (Domain Name System) injection, and TCP RST (Reset).

{ ACM | Continue reading }

photo { Florian Ruiz }

China is the world’s top producer of honey: it turns out about a quarter of the world’s supply.

Chinese honey is cheap and the US had been a major importer. But in 2001, in the wake of a US government investigation that found domestic honey producers being harmed by significant price disparities between Chinese and American honey, the US levied an anti-dumping duty of roughly $1.20 per pound (454 gm) on Chinese honey. This tariff, its imposition implying that this honey was being sold below its real cost of production, was intended to level the playing field for American beekeepers who could not compete with imported honey selling in America at half their cost.

For companies like ALW that were importing tonnes of Chinese honey into the US every year, this was a big business setback. To evade the duty, some of them started getting shipments via third countries, with the honey’s point-of-origin relabelled accordingly. After all, no tariff was due on honey from India, Malaysia, Mongolia or Russia.

The operation soon came to be called ‘honey laundering’. ALW was one among several firms doing it, but it has been in the spotlight ever since the arrests. According to a 44-count indictment of the firm, over 2004-06, it laundered over 2 million pounds—900 tonnes—of Chinese honey through India, evading nearly $80 million in duties.

{ Open | Continue reading }

The OECD has a new report out projecting what countries’ economic output, both total and per capita, will be in 2060. Unsurprisingly, the Chinese and Indian economies will have eclipsed the U.S. one, which will remain in third place.

But the per capita numbers are more striking, and encouraging. The report projects that between 2011 and 2060, real GDP per capita will increase sevenfold in India and China. In China, that means a jump from $8,387 in 2011 to almost $60,000 in 2060, in constant 2011 dollars. By contrast, U.S. GDP per capita in 2011 was $48,328.

OECD also projects declining inequality between countries over the next fifty years. The United States will still have a much bigger GDP per capita than China in 2060 — about $136,611, if the OECD is right. But that’s a little more than double China’s level, whereas today, U.S. GDP per capita is almost six times that of China’s.

{ Washington Post | Continue reading }

photo { Mark Power , The Shipping Forecast, 1992-96 }

Foxconn, the maker of Apple’s iPhone and iPad, plans to rely more on robots for manufacturing over the coming years, allowing the company to invest more in research and development and save on labor costs. […]

Local Chinese media reported that Foxconn CEO Terry Gou had said the company plans on deploying 1 million robots over the next three years to complete routine assembly tasks. Foxconn currently uses 10,000 robots. […]

The Taiwan-based company has more than 1 million employees, the majority of which are located at facilities in mainland China. Foxconn is one of the world’s largest producers of electronics. Aside from Apple, the company also manufactures products for companies like HP, Sony and Nintendo.

{ IT World | Continue reading }