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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)

Walmart | Japan
Jul 11th, 2016 by Gao

Kevin Lin: In China, Walmart Retail Workers Walk Out over Unfair Scheduling (Labor Notes)

About 70 Walmart workers began a wildcat strike July 1 against an unpopular new flexible scheduling system. They are reacting against a campaign of intimidation by Walmart China, which has been trying to coerce store workers to accept the new schedules since May…
From 1996 to the mid-2000s, Zhou says, Walmart workers were comparatively well-paid—making more than three times the average salary of workers in Shenzhen, a factory city created to produce for export.
But with rapid inflation over the past decade, Walmart’s real wages and benefits have fallen to only a third of the Shenzhen average. The same is true elsewhere in China.
Today Walmart wages are not significantly higher than local minimum wages. After paying their social security contributions, worker may even be making less than minimum wage—and certainly way below a decent living wage.

Strikes at Walmart stores in China begin to spread (China Labour Bulletin)

More than 200 workers from at least three Walmart stores in China went on strike over the weekend in protest against the company’s introduction of a comprehensive working hours system. The workers also called for new trade union elections.
On 1 July, at least 130 workers at Store No. 5782 in Nanchang, Jiangxi, began marching through the store, chanting “Walmart Workers Stand Up!” and “No to the Comprehensive Working Hours System!” Workers had discovered the previous day that the company had unilaterally enforced the new working hours system against their wishes. The workers said management might now use the new system to punish activists by cutting their overtime pay.
In solidarity, some 30 workers at Store No. 2039 in the same city and another 60 employees at Store No.0209 in Chengdu, Sichuan, walked out on 2 July and 4 July respectively.

Made in China, 2. Ausgabe (PDF, chinoiserie.info)

A Quarterly on Chinese Labour, Civil Society, and Rights

Lily Kuo: African migrants are returning from China and telling their compatriots not to go (Quartz)

When Lamin Ceesay, an energetic 25-year-old from Gambia, arrived in China last year, he thought his life had made a turn for the better. As the oldest of four siblings, he was responsible for caring for his family, especially after his father passed away. But jobs were few in his hometown of Tallinding Kunjang, outside of the Gambian capital of Banjul. After hearing about China’s rise, his uncle sold off his taxi business and the two of them bought a ticket and a paid local visa dealer to get them to China.

William Nee: China’s Disturbing Detention of Hong Kong Booksellers (Diplomat)

A recently returned bookseller has decided to speak out, with some disturbing revelations.

Ambrose Evans-Pritchard: World faces deflation shock as China devalues yuan at accelerating pace (Telegraph)

China has abandoned a solemn pledge to keep its exchange rate stable and is carrying out a systematic devaluation of the yuan, sending a powerful deflationary impulse through a global economy already caught in a 1930s trap.
The country’s currency basket has been sliding at an annual pace of 12pc since the start of the year. This has picked up sharply since the Brexit vote, suggesting that the People’s Bank (PBOC) may be taking advantage of the distraction to push through a sharper devaluation.

Alexander Billet: Super Official Marx (Jacobin)

The Chinese Communist Party put out a hip-hop track praising Karl Marx. It’s as bad as you would expect.

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