China to allow online sales of prescription drugs | Fox News fxn.ws/1xkkv7z — I really hope oversight is done correctly
China’s Anticorruption Campaign Drives Out M.B.A. Students – WSJ on.wsj.com/1IGDS0Z – hmm, that never occurred to me
+1 RT @SirSteven: sit back a moment and imagine how much better the world so far this year would be without religion.
90% drop in Chengtou notes issuance | China Daily bit.ly/1KFpk5R – take away the guarantee, this is what happens
China faces biggest fiscal challenge since ’81 – Deutsche Bank report yhoo.it/1wTT5X4
The Bling Dynasty: The Rich are Getting Richer in China | GQ gqm.ag/1z2zRUZ – headline alone is worth it
Modest Rise in Inflation Gives China Room to Act | NYT nyti.ms/1DC9Q0l – why the assumption that we need a big stimulus?
Jared Bernstein: How to Stop Currency Manipulation | NYT buff.ly/1xiG8F7- OK, but why are we still talking about this topic?
China Economic Watch » 2014 Year-end Review of Exchange Rate and Capital Account Reforms bit.ly/17Abpi6
The Abject Misery of Flying in China – The Atlantic theatln.tc/1KBRgHG – I sense a hit new reality tv show
China media: Charlie Hebdo march | BBC News bbc.in/14P9xjR – someone needs to hire a PR agency quick
Beijing pilots street lamp chargers for electric cars | China Daily bit.ly/1xUaZNo – not a bad idea
Common Issues of Trademark Infringement in e-Commerce and Enforcement | King & Wood bit.ly/1A1UziQ
China’s New, Cool Thing: Getting Priced Out of the Housing Market | Tea Leaf Nation bit.ly/1xNWr1L – that’s a great deal of sarcasm
Analysts fear China financial crisis as deflation looms | Guardian bit.ly/1BXNSAR — will media never tire of this?
The Chinese university department that attracted attention last month for banning Christmas apparently believes its decision was vindicated by the New Year’s Eve stampede in Shanghai that left three dozen dead, many of them students.
In statement dated Jan. 2nd and published on the website of Modern College of Northwest University in Xi’an, representatives of the college’s Youth League Committee Office wrote that had the tragedy occurred on Christmas Eve in Xi’an, the college’s Christmas celebrations ban would have been lauded.
“The tragic stampede that happened in Shanghai during the holiday has unfortunately shown the decision made by management of our college to be wise,” the statement’s title said.
Would I be justified in calling out these folks for being insensitive idiots whose logical reasoning skills are on par with a head of lettuce? Sure, but I won’t bother. I’m going to assume that the “Youth League” representatives are students, and there’s no easier target than a dim-witted kid driven by ideology.
That being said, it is rather interesting how quickly blame is assessed when something tragic occurs. In addition to the ridiculous attempt to tie the Christmas ban to the sad New Year events in Shanghai (no, the logic makes no sense), I also read several bizarre rumors and theories. My favorite one was that someone was throwing out fake currency to the crowd, who stampeded in an attempt to collect the bills — greed was the problem, you see.
As usual, the real explanation was slightly more complicated and assuredly more boring, having mostly to do with crowd control measures that were not sufficient for the task at hand.
But everyone would prefer to play the blame game, and if you can blame the West, or a Western holiday in this case, that is always the safest way to go. Sort of like when government regulators go after Wal-mart or GSK — very little domestic blowback.
I’d love to say that this is a very Chinese phenomenon, but of course it isn’t. What happens in your typical U.S. state when there is a budget shortfall? Suddenly it’s the fault of illegal immigrants and the poor. Why? No political blowback to the ones doing the criticizing. See how the game is played? Unfortunately, in most cases, the blame game is played by politicians and other folks in power, with disastrous results.
In this case, I take solace in the fact that the nonsense coming out of Xi’an was temporary (the post has since been taken down) and that no one with any real authority was behind it.
For once, the (rational) grown-ups were in charge.
The Next Chinese Economy by Zhang Monan – Project Syndicate bit.ly/1ApL5AO — is rebalancing actually moving ahead?
What Will Happen to Uber in China? | Tea Leaf Nation bit.ly/1xxygVt — no way a foreign firm can do this in China successfully
Talking On The Phone During Flight Lands Chinese Woman in Jail | The Nanfang bit.ly/13UV05x — now let’s enforce the seat belt rule!
USTR Releases 2014 Report to Congress on China’s WTO Compliance | 1.usa.gov/1BAxXIz – C’mon, you know you want to read it