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.