Hong Kong Election 2017
Lion T

Central District, Hong Kong

#506 Jun 18, 2014
One good thing about the one party system in China is that = the Party has time to correct its mistakes.
Lion W

Central District, Hong Kong

#507 Jun 21, 2014
The Chinese Government can control the housing prices by:

(1) One Family can only own one home.
(2) Developers cannot discount by more than 15%!

There will not be a sharp drop in housing prices that might cause panic.

The Chinese Government essentially owns the Banks and controls all deposit interests and terms. It can buy up all houses if needed.

If the US Government had such "economic weapons", there would not have been the 2008 Global Financial Crisis.

There will be NO housing bubble bursting in China in the near future. The GDP growth target of 7.5 can be achieved.
Lion T

Central District, Hong Kong

#509 Jun 28, 2014
According to information from the Internet:

Hong Kong Chief Executive Yearly Salary = US$573,000
US President Yearly Salary = US$400,000
Chinese President Salary = US$18,500 (RMB10,000 per month)

These are the "Official Salaries" of the Top Officials.

Does that mean a new graduate in Hong Kong receives the same monthly salary of President Xi? With USD18,500, President Xi would not be able to pay for the Harvard Tuition of his daughter!

High Salaries to prevent Corruption - can China do it???
Lion T

Central District, Hong Kong

#514 Jun 30, 2014
The most common form of corruption in China is Land or Property Development.

A piece of subsistence farmland is not worth that much. Some of he Farmers might have found work in Cities. Turning such land into properties increases the value of such land thousands of times.

Jobs are created. Meaningful Economic Activities happened. Over 80,000 property developers learned. GDP growth was demonstrated. Other Officials joined in. Banks and Private Individuals poured in investment money.

A project that could house one million Citizens would be approved and built within a few years.(That used to be the pace of Hong Kong.) The over building situation can be controlled by Government action. Many Officials felt that they helped to create the new Wealth. Their salaries did not reflect that. There would be no harm for them to reward themselves with some of these new wealth.
Waken Up Lions

Central District, Hong Kong

#515 Jul 1, 2014
It looks like China is able to solve its Ghost Cities Problem. The Government can prevent a free fall of Housing Prices by making any discount greater than 15% illegal.

Such a policy could not have been imagined in the West. The West would have argued that "Market Force" should be allowed to work.
Waken Up Lions

Central District, Hong Kong

#516 Jul 1, 2014
Once China solved the Ghost Cities Problem, the Urbanization Problem will be solved in a similar way. Government Housing can help the poorer Citizens to have good standards of living. If needed, some of the vacant units in Ghost Cities can be converted.
What are the other meaningful economic activities that China should focus on?
Currency Swap with African Nations will lift them from poverrty. Introduce modern agriculture and turn them into food production countries. Help them to stand on their own feet.
Lion T

Central District, Hong Kong

#517 Jul 2, 2014
If the empty units were occupied by the urbanization farmers, there will be no housing bubble.

Standard of living will rise quickly. WIll China be able to provide the additional new jobs?
Lion C

Central District, Hong Kong

#518 Jul 2, 2014
In this age of Global Economic War, what can derail China?

(1) War with Japan (or other Nations)?

(2) Self Destruct by punishing every corrupt Official (Officials and Bankers no longer create and provide thin-air money)?

(3) Wrong Political Move in Hong Kong (Causing Street Riots and Panic)?

(4) Huge loss in the win-lose global finanical game (Borrow from the West and a repeat of the Asian Financial Crisis)?

(5) Aging population losing the "I can do it" spirit (Happening in Japan)?

(6) Think Tanks become over-confident and can no longer "think" (create bubbles that cannot be controlled)?
Waken Up Lions

Central District, Hong Kong

#519 Jul 3, 2014
Lion C wrote:
In this age of Global Economic War, what can derail China?
(1) War with Japan (or other Nations)?
(2) Self Destruct by punishing every corrupt Official (Officials and Bankers no longer create and provide thin-air money)?
(3) Wrong Political Move in Hong Kong (Causing Street Riots and Panic)?
(4) Huge loss in the win-lose global finanical game (Borrow from the West and a repeat of the Asian Financial Crisis)?
(5) Aging population losing the "I can do it" spirit (Happening in Japan)?
(6) Think Tanks become over-confident and can no longer "think" (create bubbles that cannot be controlled)?
I think that the Chinese Communist Party and the top Think Tanks in China are aware of the above. They may be playing with the many what-if scenarios on the Computers.

They encouraged Market Forces to get Citizens motivated. Making money the proper way is glorious. At the same time, they used the power of the State to overshelm the competing Multi-Nationals. They can define the pace of development (GDP growth) with the 5 year plans. They can spell out the Meaningful Economic Activities and achieve them at high speeds.
Lion T

Central District, Hong Kong

#520 Jul 4, 2014
There are many other Nations rising from poverty to prosperity.

Examples include Japan, South Korea, Israel, Taiwan, Singapore, Hong Kong, Macau etc.

China is just much larger. The common factor is the mental attitude that "we can do it".
Lion W

Central District, Hong Kong

#521 Jul 4, 2014
Are the “Masters of the Universe at Wall Street and Washington” good guys?

The Middle East Countries with their Oil Revenue should have become tier-one Nations? Are they Democratic and Knowledgeable? Who invaded Iran? Who broke up the Persian Empire?

Who caused the Asian Financial Crisis? Who did Thailand, Indonesia, Philippines, Malaysia blame? Are the rules from the “Masters of the Universe” fair?

Who bombed Vietnam, Cambodia?

Did the loans to the South American Countries in the 1980s help these Countries?

There were billions of aids to African Nations from Europe, World Bank and IMF. Did they really help?

Have there been Bad Guys deliberately derailing the progress of the Developing Nations?

Can China be the Good Guy sharing its knowledge and implementing Currency Swaps to remove debt burdens? Can its policy of win-win replace “survival of the fittest”?
Waken Up Lions

Central District, Hong Kong

#522 Jul 5, 2014
Lion W wrote:
Are the “Masters of the Universe at Wall Street and Washington” good guys?
The Middle East Countries with their Oil Revenue should have become tier-one Nations? Are they Democratic and Knowledgeable? Who invaded Iran? Who broke up the Persian Empire?
Who caused the Asian Financial Crisis? Who did Thailand, Indonesia, Philippines, Malaysia blame? Are the rules from the “Masters of the Universe” fair?
Who bombed Vietnam, Cambodia?
Did the loans to the South American Countries in the 1980s help these Countries?
There were billions of aids to African Nations from Europe, World Bank and IMF. Did they really help?
Have there been Bad Guys deliberately derailing the progress of the Developing Nations?
Can China be the Good Guy sharing its knowledge and implementing Currency Swaps to remove debt burdens? Can its policy of win-win replace “survival of the fittest”?
Have you watched the movie - The Wolf of Wall Street (Story of Jordan Belfort)? Such wolves are not the financial elites of USA. They are far cry from the "Masters of the Universe".
Lion T

Central District, Hong Kong

#523 Jul 5, 2014
I watched the movie. Financial Market depends on faith and Trust. It is like the Catholic Church. The faithful listens to the Pope and the teachings of the Catholic Church without questioning.

Investors buy AAA Bonds from Wall Street without questioning. The Wolf of Wall Street is similar to scandals in the Catholic Church. It rocks that confidence.

There are no more "Masters of the Universe". People will be questioning - what are the new Meaningful Economic Activities?

China (or any other Nation) can define its set of Meaningful Economic Activities and charge ahead.
Waken Up Lions

Central District, Hong Kong

#525 Jul 5, 2014
Dear Lion W,

USA may encourage Nations such as Japan, Vietnam etc. to provoke China especially in regions of dispute. Use “local wars” to derail China.

Are the Chinese Think Tanks stupid enough to fall into such traps?

The Think Tanks should have been playing with the “what-if” scenarios on their computers. They know that China is fighting in the “Global Economic War”.

If the Chinese Think Tanks can solve the Ghost Cities Problem and the Urbanization Problem, They will be able to prevent the “local wars”.

They will be able to downplay the dogma of Nationalism and replace it with win-win.
Andrez Lopez

El Paso, TX

#526 Jul 5, 2014
China is on the right track to succeed in ALL fields.

China is presenting to the world a NEW ORDER.
Lion C

Central District, Hong Kong

#528 Jul 5, 2014
Lion W wrote:
http://www.youtube.com/watch?v =CXov7MkgPB4XX
Why China Cannot Rise Peacefully
JOHN MEARSHEIMER, at University of Chicago.
In the presentation, Prof. John Mearsheimer took the view that there would be a 75% probability that China would not rise peacefully. USA would not allow it.
.....
Interesting. USA can encourage Japan, Vietnam and Phillipines to provoke China. This is already happening. Any conventional war will destroy the strategy of WIN-WIN.
Lion T

Central District, Hong Kong

#529 Jul 6, 2014
African Nations must use the opportunity to learn and excel. Learn to build roads, bridges, skyscrapers, power plants, dams, etc.

The most important lesson is NOT to do simple Subsistence Farming. Learn Modern Agriculture and become Food Producing Nations.
Waken Up Lions

Central District, Hong Kong

#530 Jul 6, 2014
Lion T wrote:
African Nations must use the opportunity to learn and excel. Learn to build roads, bridges, skyscrapers, power plants, dams, etc.
The most important lesson is NOT to do simple Subsistence Farming. Learn Modern Agriculture and become Food Producing Nations.
Win-Win requires the winning mindset from both sides.
Lion T

Central District, Hong Kong

#531 Jul 7, 2014
Waken Up Lions wrote:
<quoted text>
Win-Win requires the winning mindset from both sides.
How would you institute the winning mindset to an African Nation?
Waken Up Lions

Central District, Hong Kong

#532 Jul 8, 2014
Lion T wrote:
<quoted text>
How would you institute the winning mindset to an African Nation?
Education via Internet and actual travel or studies.

It is similar to educating ones children. The parents can provide the best possible environment but the children must do their part.

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