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Alternativen zum US-Dollar?
Dez 29th, 2017 by Gao

Pepe Escobar: China plans to break petrodollar stranglehold (Asia Times)

Petrodollars have dominated the global energy markets for more than 40 years. But now, China is looking to change that by replacing the word dollars for yuan.
Nations, of course, have tried this before since the system was set up by former US Secretary of State Henry Kissinger in tandem with the House of Saud back in 1974
Vast populations across the Middle East and Northern Africa quickly felt the consequences when Iraq’s Saddam Hussein decided to sell oil in euros. Then there was Libya’s Muammar Gaddafi’s pan-African gold dinar blueprint, which failed to create a splash in an oil barrel.
Fast forward 25 years and China is making a move to break the United States petrodollar stranglehold. The plan is to set up oil-futures trading in the yuan, which will be fully convertible into gold on the Shanghai and Hong Kong foreign exchange markets.

(Andere Version dieses Artikels: The Petro-Yuan Bombshell, CounterPunch)

Urbanisierung | Wachstum | Lateinamerika
Jan 30th, 2015 by Gao

Eli Friedman: The Urbanization of the Chinese Working Class (Jacobin)

China has problems. Not despite thirty-five years of record-breaking growth, but because of it. The country’s dependence on exports and investment-led development has resulted in stark inequality, underconsumption, over-investment, disappearing arable land, exorbitant housing prices, and a looming environmental catastrophe. This leaves China increasingly vulnerable to a number of potential crises: external economic shocks, housing market collapse, mass defaults on public debt, and fits of social unrest.
What, then, might ensure the stability of Chinese capitalism for another generation?
For the state, a big part of the answer is urbanization. In the recently released National New Urbanization Plan (2014–2020), the central government calls for more than 100 million people to move to cities by 2020, pushing China’s urban population to 60 percent. The plan sets out admirable goals such as an expansion of public housing, education, and health services, a reduction in carbon emissions and other environmentally destructive activities, and preservation of agricultural land through limits on sprawl.

Jonathan Kaiman, Heather Stewart: Hard times return as China bids to bring its economic miracle to an end (Guardian)

Beijing insists slow growth is part of a plan to bring years of explosive expansion under control. But the global slowdown may make it hard to soft-land an economy still hooked on exports…
Official figures published last week showed that China’s GDP expanded by 7.4% in 2014. That was a significant drop from the 7.7% seen in 2013, and the weakest rate of growth since 1990…

Ralf Streck: China mischt den „Hinterhof“ der USA auf (Telepolis)

Nicht nur der Brics-Staat Russland treibt im Zuge der Sanktionspolitik der USA und Europas verstärkt Projekte in Lateinamerika voran (…). Den großen Wurf will nun das große Brics-Land China in der Region machen, die in den USA so gerne als „Hinterhof“ bezeichnet wird. In Washington ist man nicht sehr erfreut darüber, dass allein China im kommenden Jahrzehnt rund 250 Milliarden US-Dollar in Mittel- und Südamerika und der Karibik investieren will, womit sich das Handelsvolumen auf eine halbe Billion verdoppeln soll. Wichtigster Handelspartner Brasiliens (ebenfalls ein Brics-Staat) ist schon jetzt nicht mehr die USA, sondern China. Und das gilt auch schon für Chile und Peru. Über diese Entwicklung ist das Imperium im Norden besorgt. Das Tauwetter zwischen den USA und Kuba muss in diesem Zusammenhang gesehen werden.

Nebenbei:
Geoffrey Crothall: People’s Daily tries and fails to understand problem of wage arrears in China (China Labour Bulletin)
Ian Johnson: The Rat Tribe of Beijing (AlJazeera)
APA: Bürgermeister: Peking „wirklich nicht lebenswert“ (Standard)
Reuters: China stellt Milizen an der Grenze zu Nordkorea auf (Standard)
Catherine Phillips: $242 Billion High-Speed Beijing-Moscow Rail Link Approved (Newsweek)
APA: Chinesen bauen Bostoner U-Bahn (Standard)

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