Congress spoiling for a China fight

Full story: Fortune

Congress is pushing for a showdown with China. The House Ways and Means Committee will meet Friday to debate a bill that would prompt the government to take more aggressive action in dealing with China's efforts to hold down the value of its currency, the renminbi.
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41 - 56 of 56 Comments Last updated Oct 5, 2010
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“Did U plug the damn hole yet?”

Since: Jan 08

Rowlett, TX

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#41
Sep 26, 2010
 
Bob Burns wrote:
<quoted text>Don't pretend to mis read the question. I did not say we are at war with you, OK? I said the US is engaged in a (not so very)covert war against China. Do you know this, yes or no? If you do, do you support it, yes or no?
There is no evidence that the US is waging any sort of war with China.
Bob Burns

Kunming, China

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#42
Sep 26, 2010
 
Mac-7 wrote:
<quoted text>
There is no evidence that the US is waging any sort of war with China.
In other words you don't know about it. So let me begin the long tale, which of course you may refute any part, and we can thrash out the facts till we can come to a common understanding. The recent "conflict" between China and Japan over fishing in a disputed territory. Who do you think put the Japanese up to it, and why?

“Did U plug the damn hole yet?”

Since: Jan 08

Rowlett, TX

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#43
Sep 26, 2010
 
Bob Burns wrote:
<quoted text>In other words you don't know about it. So let me begin the long tale, which of course you may refute any part, and we can thrash out the facts till we can come to a common understanding. The recent "conflict" between China and Japan over fishing in a disputed territory. Who do you think put the Japanese up to it, and why?
Are you kidding?

It sounds like you see CIA spooks in every shadow.

Japan has territory disputes with South Korea and Russia also.

Do you think the US is behind those too?
Bob Burns

Kunming, China

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#44
Sep 26, 2010
 
Mac-7 wrote:
<quoted text>Japan has territory disputes with South Korea and Russia also. Do you think the US is behind those too?
You will notice those disputes w/SK and RU are settled quietly and peacefully. But I'm just getting started. Over the past several years, a woman, who's name escapes me at this moment, but I'm sure others will fill in, has led a terrorist organization in Xinjiang which has killed hundreds of innocent Chinese. She, and her organization, are funded, supported and directed by the US govt. She now lives in DC under the protection of your govt

“Did U plug the damn hole yet?”

Since: Jan 08

Rowlett, TX

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#45
Sep 27, 2010
 
Bob Burns wrote:
<quoted text>

Over the past several years, a woman, who's name escapes me at this moment, but I'm sure others will fill in, has led a terrorist organization in Xinjiang which has killed hundreds of innocent Chinese. She, and her organization, are funded, supported and directed by the US govt. She now lives in DC under the protection of your govt
That's nonsense Bob.

Do you have any credible evidence to back up that charge?
RESISTANCE IS FUTILE

Vancouver, Canada

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#46
Sep 27, 2010
 
Mac-7 wrote:
<quoted text>
That's nonsense Bob.
Do you have any credible evidence to back up that charge?
O boy you dont want to go there...

you should ask Bob about "NED" and Tibet next...

btw its nice to see a few of the American posters single out the top 20% who own 87% of the wealth in the USA...

they are the ones who sent your jobs overseas, paid slave wages, and used cheap supplies... then sent those finished products back to the USA and over charged you Americans for it...

the Average American is guilty of being clueless and spending more than he/she had

and the average Chinese worker is guilty of becoming "well off..." from slave wages...
RESISTANCE IS FUTILE

Vancouver, Canada

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#47
Sep 27, 2010
 
Barbie's lesson for China

Globally minded firms find owning the brand much more lucrative than making the product

The Lowell Sun
Updated: 05/02/2010 06:35:31 AM EDT

By William Foreman

Associated Press Writer

GUANGZHOU, China -- The economics of Barbie dolls helps explain why Chinese companies are increasingly snapping up famous brands like the most recent big target: Volvo.

Chinese officials and businesses cite a much-noted analysis by UBS economist Dong Tao who said the busty plastic doll is sold for $20, but the Chinese manufacturer only earns 35 cents from that. The lesson: the big money is in owning the brand, not just making it for foreign companies.

China's biggest acquisitions abroad are by state-owned companies that are investing in mines and oil fields -- deals geared toward supplying the country's rapidly growing economy with raw materials. But ambitious private companies are acquiring foreign brands in hopes of speeding up their evolution into international competitors. The trend began a few years ago, but analysts say it's speeding up now, and could generate a backlash overseas. The acquirers, meanwhile, sometimes have little global experience and could struggle to make a success of the acquisitions.

"A lot of Chinese companies are ranked in the Fortune 500 now, and they want to do some deals that reflect their international prestige," said He Yuxin, analyst at Dragonomics, a research firm in Beijing.

For a decade, China has been encouraging its companies to think big and expand abroad to diversify its economy. China's foreign direct investment more than doubled from 2007 to 2008,

rising to $55.9 billion, according to the Ministry of Commerce. Yet-to-be-released figures for 2009 were expected to be even higher.

The surge in Chinese acquisitions is reminiscent of Japan's buying binge in the 1980s . Those deals sparked a backlash

Similar resistance has scuttled a few large Chinese deals. There's much debate about whether Chinese will make some of the same mistakes as the Japanese, such as buying overpriced assets they can't manage.

The Chinese will continue to bump up against more hostility overseas if they try to buy big stakes in backbone or sensitive industries, such as oil companies, said Huo Jianguo, president of Chinese Academy of International Trade and Economic Cooperation, a Commerce Ministry think tank in Beijing.

"But if they are projects that are based on mutual benefits and bring along local employment and tax revenue, they will be welcomed," he said.

Cash-starved companies welcome Chinese investment or acquisition offers. General Motors Co. jumped at the opportunity to unload its Hummer brand on China's Sichuan Tengzhong Heavy Industrial Machinery Corp. The Chinese government, however, vetoed the deal.

Other recent acquisitions of famous brands include Nanjing Auto Group's purchase of Britain's MG sportscar brand. Beijing Automotive Industry Holding Co. purchased Saab Automobile's core technology from General Motors Co. The deal didn't include Saab's brand or factories, but the link with the famous Swedish automaker will likely provide crucial cachet for the Chinese company in its home market.

The European luxury car maker Volvo was purchased by Zhejiang Geely Holding Group, an automaker that is relatively unknown outside of China. The Chinese firm bought Volvo for $1.8 billion from cash-strapped Ford Motor Co., which was desperate to unload it.

Geely's purchase of Volvo was done for two of the main reasons why Chinese companies are investing abroad, said He, the Dragonomics analyst. One of the reasons was bargain hunting, getting a solid brand at a good price, she said.

The other was Geely could acquire technology that would strengthen its position back home. She said China's Lenovo Group, the world's fourth-largest personal computer maker, did the same thing in 2005 when it acquired IBM Corp.'s PC unit -- a move that boosted the Lenovo's market share in China.
Bob Burns

Kunming, China

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#48
Sep 27, 2010
 
RESISTANCE IS FUTILE wrote:
<quoted text>
O boy you dont want to go there...
you should ask Bob about "NED" and Tibet next....
Say R-I-F, do you know the name of that woman Uygur terrorist queenpin?
RESISTANCE IS FUTILE

Vancouver, Canada

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#49
Sep 28, 2010
 
Bob Burns wrote:
<quoted text>Say R-I-F, do you know the name of that woman Uygur terrorist queenpin?
Rabiya Kadeer

Rebiya Kadeer
Bob Burns

Kunming, China

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#50
Sep 28, 2010
 
Mac-7 wrote:
<quoted text>
That's nonsense Bob.
Do you have any credible evidence to back up that charge?
Google Rabiya Kadeer, if you dare to know the truth, after which we will go on with the long list

“Did U plug the damn hole yet?”

Since: Jan 08

Rowlett, TX

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#51
Oct 1, 2010
 
Bob Burns wrote:
<quoted text>Google Rabiya Kadeer, if you dare to know the truth, after which we will go on with the long list
What truth?

I see no connection the the US.

Do you think that because some, or many, people living in China hate China that America is pulling their strings?

Not hardly.
felix

United States

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#52
Oct 5, 2010
 
WE HAVE A ONE CHILD POLICY TOO,its a failure ,and its on the maury show,one man ,3 woman 5 kids ,one in the oven, AND GUESS WHO PAYS FOR ALL ..
felix

United States

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#53
Oct 5, 2010
 
china has 400% more people than we do.we have 330 million 50 % at the poverty level,and 20 % of the population cant wipe their own a$$,ever.
Bob Burns

Kunming, China

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#54
Oct 5, 2010
 
Mac-7 wrote:
<quoted text>
What truth?
I see no connection the the US.
Do you think that because some, or many, people living in China hate China that America is pulling their strings?
Not hardly.
I gave you a starting place, by means of which you could easily uncover the reality of the US supporting and funding terrorism that has killed hundreds of innocent Chinese, and this is your response? The only interpretation is that you support this (not so very) covert war, since you can no longer claim ignorance
Bob Burns

Kunming, China

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#55
Oct 5, 2010
 
Rabiya Kadeer and her organization is now living in DC, quite near the WH, protected funded encouraged supported and directed by the US govt
LocalBoy

Indianapolis, IN

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#56
Oct 5, 2010
 
Bob Burns wrote:
Rabiya Kadeer and her organization is now living in DC, quite near the WH, protected funded encouraged supported and directed by the US govt
Pakistan......is this a proxy war. Do both sides engage through proxy, again ?

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