Subject:
China The People’s Republic of China (PRC) (simplified Chinese: ???????; traditional Chinese: ???????; pinyin: Zh?nghuá Rénmín Gònghéguó listen (help·info)), commonly known as China, is a country in East Asia and the second largest country in the world by land area. It is the most populous state in the world with over 1.3 billion people, approximately one-fifth of the world’s population. China is a socialist state ruled by the Communist Party of China under a single-party system, and has jurisdiction over 22 provinces, five autonomous regions, four directly administered municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and two highly autonomous special administrative regions (SARs) (Hong Kong and Macau). The PRC’s capital is Beijing.
At approximately 9.6 million square kilometres (3.7 million square miles), the People’s Republic of China is the world’s third or fourth largest country by total area, and the second largest by land area. Its landscape is diverse with forest steppes and deserts (the Gobi and Taklamakan) in the dry north near Mongolia and Russia’s Siberia, and subtropical forests in the wet south close to Vietnam, Laos, and Myanmar. The terrain in the west is rugged and high altitude, with the Himalayas and the Tian Shan mountain ranges forming China’s natural borders with India and Central Asia. In contrast, mainland China’s eastern seaboard is low-lying and has a 14,500-kilometre long coastline bounded on the southeast by the South China Sea and on the east by the East China Sea beyond which lies Taiwan, Korea, and Japan. (Wikipedia Jan 2010)
Stagflation watch
By John Schroy, on March 20th, 2010 | 
The lack of fiscal restraint of President Obama on the healthcare issue, the ’stimulus bill’, and other ‘progressive’ legislation in the pipeline, combined with the jobs-firsts-inflation-last attitude of Fed Chairman Bernanke — leave little room to doubt that sooner or later the United States is likely to enter the realm of double-digit inflation.
Inflation is likely be the final and deadliest blow to the retirement dreams of many Baby Boomers. When the stock market crashes, one can hope for a recovery some day. With inflation, the losses are permanent and final.
International finance
By John Schroy, on May 23rd, 2009 | 
Who determines the ‘world reserve currency’? Central bankers? IMF officials? College professors?
The answer is ‘none of the above’. In an open, global economy, the world reserve currency is determined by the judgment of millions of importers and exporters in many countries.
The world reserve currency is decided by consensus and the personal decisions of exporters as to what currency they will accept for their goods.
On this basis, it’s too early to count the dollar out.
The threat of inflation
By John Schroy, on March 31st, 2009 | 
The supremacy of the US dollar is not yet dead, but portents of a fatal cancer — inflation — are there for all to see.
The extreme, profligate spending of the Obama administration, combined with populist, irresponsible bank lending policies promoted by Barney Frank and Chris Dodd, portend rising interest rates, the collapse of the bond market, and the end of dollar supremacy.
Furthermore, a large part of the American electorate doesn’t understand or is unaware of what lies ahead.
Topics: 
Popular Articles