Environment
The national carbon trading market will cover the steel, cement and aluminum sectors by December, adding 1,500 companies emitting more than 26,000 tonnes of CO2 to the ETS, adding 3 billion tonnes of emissions.
Society
Retirement age starts rising from 60 to 63 by 2040. White collar women’s retirement age increases from 55 to 58; women in blue-collar jobs will go from 50 to 55. Life expectancy is 78.6, and years of education for new labor force entrants rose from 8 years in 1982 to 14 years in 2023.
In China you know exactly who is running the show. They tell the public exactly what they plan to do, then do it. Politicians tell the billionaires what to do and they do it, too. David Ferguson.
Urban unemployment 16-24 ages, excluding students, was 18.8% in August, up 1.7% from the previous month,the second consecutive month of rising rates and a new high for the year.
How Redistributive Is Fiscal Policy in China? Glenn Luk:
A SW China female official got 13 years in prison and a $140,000 fine for having sex
with 58 subordinates and taking $8.5 million in bribes. “The beautiful governor” never married and had no children.
Guiyang, capital of China’s poorest province:
Home ownership rates: China, 96%; Russia, 89%; Australia 66%; USA, 66%; UK, 63%; Japan: 55%; Germany: 49%
How Chinese open a new business: Many places use decorations, flowers purchased by customers. Our friends held a traditional ceremony at 11am, as decided by the Buddhist master, the offerings begin. Jerry Grey.
Regulators ordered the securities, funds and futures industries to eliminate undesirable trends like money worship, extravagance and excessive speculation. “Industry professionals should learn to value their professional reputation and adhere to ethical standards, foster an image of integrity, professionalism, and responsibility to earn investors’ trust”.
Professor revealed as lead singer of mysterious black metal band. Liu Yao, 41, professor of metamaterials at Shandong University, is the lead singer of Zuriaake, whose album, Afterimage of Autumn, is a milestone in Chinese heavy metal music.
China’s international research collaboration rate is stalling because its domestic output is growing so rapidly. Chinese universities produced 741,160 papers in 2023, 20% of which (147,951) involved cross-border co-authorship– down 27.4% in 2018. “There’s so much research that it’s just impossible for potential partners to soak up all of that collaboration.”
President Putin: “Some of my family, the little ones, speak Chinese too – they speak it fluently. English is a great language, too. It has given humanity a great deal in terms of combining knowledge and uniting people in the field of culture”.
Wang Lin’s arguments against the existence of ghosts:
Population: If people become ghosts when they die, there should be more ghost sightings than living people, as the number of people who have lived in the past and died is far greater than the number of people now living. But ghost sightings are rare.
Ghostly efficacy: If a living person is harmed, this person will immediately go to a magistrate and bring a case against the party who harmed them. If it were the case that people become ghosts when they die and can interact with living humans, every ghostly murder victim would be seen going to a magistrate. This is never witnessed. Ever.
How many of these 25 characteristics do we have in the USA ?
Excellent infrastructure: brand new highways, train tracks, subways, ports.
Plenty of well educated, smart engineers
Strong work ethic. Employees want to make that extra effort when needed.
Clear career plans: students have a clear professional plan for their future.
Strong competition: The education system encourages competition.
Guanxi: much more powerful than the western way of networking.
Confucianism: The Great Learning, Dà Xué, and advanced knowledge are key.
Meritocracy, not egalitarianism, allocates work to best suited people.
Separation of income and work.
Strong family relations: duty-bound to support each other financially.
Equal men-women relations, education and career opportunities.
No restrictions on the role of women.
Wide income gap: An encouragement for hard work.
Healthy work climate: employees understand that businesses must make money to pay their salaries.
No religious nonsense, no islam violence, or robbery.
Faith in the future, nationalism. Chinese sacrifice time and effort for the next generation.
Most customers. They buy more luxury products than any other country.
Plenty of low salary workers for the next 15 years.
Business flexibility: They can change products, management, focus overnight.
Decision power: major decisions often taken fast, over the phone.
Money. Companies and families have substantial savings; cars are bought for cash. No consumer credit, no external national debt.
Smart people: In 34 countries, I nowhere met so many smart, fast thinking people.
Power of numbers: 1.34 billion people >USA+EU, and domestic consumption is growing fast.
Flexibility. Their culture has survived the Egyptians, the Greeks and the Romans.
Millions of rich people to invest in western business. Frans Vandenbosch.