China develops a PsyWarfare Airplane.
Praise for a Chinese aircraft armed with psychological warfare capabilities emerged in state media on Tuesday, alongside claims the plane could “give the enemy nervous breakdowns” - a statement that attracted mass ridicule online.Chinese Stock Market in free fall.
The article, originally printed in the Global Times, was entitled “China’s new psychological warfare aircraft overtakes the US army – It gives the enemy nervous breakdowns.” The title was a reference to the Gaoxin 7, a plane armed with portable electronic devices for psychological combat assignments, the article reported. During missions, the Gaoxin 7 would utilise its own “programmes”- which the article did not describe in further detail - to disrupt the normally-scheduled broadcasts of television, radio and wireless internet communications.
These infiltrations would “limit the spread of enemy propaganda, affect the morale of the enemy’s army, sow seeds of rumour and confusion, and send all enemy troops from soldiers to officials into a state of nervous breakdown, achieving victory without soldiers even having to fight.”
“The capabilities of the [Gaoxin 7] psychological warfare aircraft…can be used to collapse the enemy propaganda dissemination mechanism,” the article reported. “After that, [dealing with] dropped enemy pamphlets and other propaganda items will be a piece of cake.”
Four years after China's growth helped lead the global economy out of a recession and won the admiration of luminaries from billionaire George Soros to Nobel laureate Joseph Stiglitz, the nation's stock market has lost more money for investors than any other in the world.It should be fairly obvious that I consider the second story much more important than the first. The idea that China is attempting to replicate our psychological warfare elements is to be expected.
The Shanghai Composite Index, which doubled in the 10 months to August 2009 as the government poured US$652 billion of stimulus into building roads, railways and housing, has tumbled 43 per cent from its high, destroying US$748 billion in market value.
Only Greece's ASE Index has fallen more in percentage terms. The Standard & Poor's 500 Index, the benchmark gauge of American equity, erased all of the losses from the worst recession since the Depression and has gained 68 per cent since the China peak, reaching a record this month.
China looked unbeatable in 2009, surpassing Germany as the world's third-largest economy and growing 6 per cent in the first quarter while the US shrank 4 per cent.
Templeton Emerging Markets Group executive chairman Mark Mobius said in July 2009 that China's stock market could be larger than its US counterpart in three years.
Now, China is poised for the weakest expansion since 1990 as the government orders more than 1,400 companies to close factories.
News that the Chinese stock market is trash is something different.
Conventional wisdom holds that China is a rising star and that it will replace the US as the world's superpower is considered a given. This article tells a different story. Some have theorized that the current economic troubles are all tied to globalization and that the very system that was created to support it is unsustainable.
This would seem to add fuel to that theories fire.
It would also help explain many of the border skirmishes we've seen. If stuff is going bad internally then you seek to place attention on an outside issue. Bad economic conditions get Western governments replaced. It gets Communist governments toppled.
I don't know about Chinese practices in general, but most Chinese businessmen I know, both nationals and fil-chi, don't invest money they don't have- they don't look too kindly on credit. So maybe a stock market collapse is not as relevant there as compared to the US.
ReplyDeleteDon't forget, the largest economy doesn't necessarily mean the most powerful or healthiest. It is very hard to find accurate overall numbers regarding the chinese economy and housing industry, which means its difficult to gauge the health of different sectors and impossible to predict impending crises.
ReplyDeleteChina, with more than 1.3 billion people just eclipsed Japan (which is a little less than 127 million) in terms of raw gdp numbers in 2010. People sit back in awe by this but China has 12X+ the population of japans. Much of this growth is related to residential and commercial real estate development. It is important to note in the US, only the sale of real estate is calculated into GDP numbers, while in China they count the number of buildings created plus sales - which is a clear distortion of the truth. China's government is spending like drunkards on housing and commercial development, which is fueling a super bubble that would dwarf the US housing crisis. They're doomed, and communism is to blame
ghost cities:
http://www.businessinsider.com/satellite-pictures-of-chinese-ghost-cities-2013-3?op=1
"Bad economic conditions get Western governments replaced. It gets Communist governments toppled."
ReplyDeleteDidn't you write just recently that the US was on the verge of collapse due to economics?
yeah and i still believe it. i didn't want to expand on my thinking on the subject with this article but i think we're seeing globalism die right before our eyes. i think the economy has remained weak because the Fed and EU are attempting to prop up a failed system. but because its a failed system it can't recover...all it can do is limp along. in my view everything is out of whack. companies are attempting to post double digit growth from shrinking revenue. our economic policy has decimated the middle class in the western world and the consumers in developing nations aren't in a position to make up for it and so on and so forth.
Deletei view things as being a house of cards. the rigged economy. a population bubble that is about to play out along with the benefits that are paid to our oldest citizens at the expense of the youngest is going to set the US (in particular) up for the kind of internal strife that we see beginning to play out. the trouble is that everything that is tried will only make it worse. want to shore up medicad? legalize illegals. but that in turn depresses wages, kills the middle class even more and the cycle gets worse. even more telling is whats happening with the defense budget. its the easy money to go after and thats why the republicans and democrats will let sequester continue. soon they're going to have to go after all the benefits. that means veterans, homeowners (tax breaks), seniors, the poor etc...
its gonna get messy and nasty.
Look at this: http://edition.cnn.com/2013/07/29/opinion/pettis-china-economy/index.html
ReplyDeleteMr. Pettis’s web site was hacked, but it was a great resource of Chinese economic data.
I am leaning to view point: http://sinostand.com/2013/08/01/the-hard-long-slog/
But, with biggest and most entitled generation retiring (baby boomers on a global scale) who did not save for their retirement and resentful (http://globaleconomicanalysis.blogspot.com/2013/08/bernanke-wants-2-inflation-in.html) underclass developing it will be a hard next twenty years.
You might like this:
ReplyDeletehttp://www.forbes.com/sites/jimpowell/2013/02/05/how-dictators-come-to-power-in-a-democracy/