patrick.net

About 93% of China is ethnic Han. Talk about racial superiority like Nazi Germany.

https://www.bloomberg.com/news/articles/2019-04-25/kyle-bass-steve-bannon
“Corporate America is the lobbying arm for the Chinese Communist Party, and Wall Street is the investor relations department,” Bannon said at a conference Thursday

AD says

About 93% of China is ethnic Han. Talk about racial superiority like Nazi Germany.

Yep, and they're Sinofying the Xiakiang region. Uighurs are being purged and/or re-educated, Han Chinese are encouraged to migrate there and Han Administrators have all the power.

Rin says

The best way to highlight this opinion piece is to link to another 'Asian Century' one.

Kakistocracy says ...

http://patrick.net/post/1323498/2019-03-28-the-asian-century-is-set-to-begin

The Asian century is set to begin - The region was the envy of Europe in 17th century and the world is about to turn full circle.

Asian economies, as defined by Unctad, will be larger than the rest of the world combined in 2020, for the first time since the 19th century
Economists, political scientists and emerging market pundits have been talking for decades about the coming of the Asian Age, which will supposedly mark an inflection point when the continent becomes the new centre of the world.

Asia is already home to more than half the world’s population. Of the world’s 30 largest cities, 21 are in Asia, according to UN data.
By next year, Asia will also become home to h...

The data does not agree with your assertion.
china GDP is bigger than the next 3 Asian biggies combined, Japan, india, S. Korea.
Technology wise China is the undisputed 800 lb gorilla of Asian, maybe the world if youth educational trend continue.
(Chinese parent spend 25% of their income on education, mostly one child family.)
The disturbing truth is, just about any C grade 4- 11th grade student from China will be math stars in USA schools.
This is the other inconvenient truth.

maybe the world if youth educational trend continue.
(Chinese parent spend 25% of their income on education, mostly one child family.)
The disturbing truth is, just about any C grade 4- 11th grade student from China will be math stars in USA schools.

Uh huhhh... maybe some math stars but not especially brilliant in the language and grammar skills department, apparently?

you are funny, maybe unintentional way.
Let's ask the average Murican restaurant worker to write in another language.
No, just ask them to write in English. lol

kt1652 says

you are funny, maybe unintentional way.
Let's ask the average Murican restaurant worker to write in another language.
No, just ask them to write in English. lol

In California, they all speak Spanish.

My current role is in education, CC level technology program.
I will tell you the average student think simple algebra is high level math.
Most cannot comprehend a low level technical paper.
Alarming proportions cannot write English for entry level professional work.

kt1652 says

Technology wise China is the undisputed 800 lb gorilla of Asian, maybe the world if youth educational trend continue.

kt1652 says

The disturbing truth is, just about any C grade 4- 11th grade student from China will be math stars in USA schools.

Perhaps you need to travel to Asia-Pacific, and see how ppl really think. The ppl of Asia do not have this glowing opinion of mainland China.

As for STEM, there are countless math quizzes, even the USA, who're stuck doing postdocs and in adjunct prof positions. Remember, I have degree in Applied Chemistry/Chemical Engineering but I made my money in financial services, not STEM work.

The truth here is that no one else in Asia, including an ethnically majority Chinese in Singapore, wants to be a PRC national. Why do ppl from Singapore, Malaysia, Japan, Korea, India, etc, want a degree from England (Oxford, Cambridge, London) or USA (MIT, Stanford, Duke. Ivies), and not one from Beijing University? It's simple, no one trusts China (PRC) and sees it as some authoritarian regional dictatorship, stealing resources from everyone around it.

So unless China invades and subjugates all of Asia-Pacific under its thumb, places like the USA (& what's left of the west) will still exert its influence over the region.

Rin says

So unless China invades and subjugates all of Asia-Pacific under its thumb, places like the USA (& what's left of the west) will still exert its influence over the region.

They sit next to China. China by its cheer size will dominate the region politically and economically. Their influence will range from monetary help, to economic collaborations, to military invasion.
The US "influence" will be likely be truncated quickly to just "cultural" influence, kind of like England whose Universities are so looked after. Though the US doesn't really have a culture, beyond shopping habits.
It's gonna be a sad story.

kt1652 says

The disturbing truth is, just about any C grade 4- 11th grade student from China will be math stars in USA schools.

Even if they aren't... there will still be x4 more.

Heraclitusstudent says

They sit next to China. China by its cheer size will dominate the region politically and economically. Their influence will range from monetary help, to economic collaborations, to military invasion.
The US "influence" will be likely be truncated quickly to just "cultural" influence, kind of like England whose Universities are so looked after. Except well... the US doesn't really have a culture beyond shopping habits.

Here's the difference, there are rich ppl in Singapore, Thailand, Malaysia, and the list goes on, who don't want their capital and resources confiscated by PRC. Trust me, I'd lived through the early 2000s, where many Singaporean/Malay ventures got ripped off by PRC tactics on the mainland.

None of them want that albatross around their necks forever. And since it's obvious you haven't been to Asia-Pacific, shopping is a huge part of life from Singapore, through Malaysia, Thailand, Korea, and Japan.

Heraclitusstudent says

Even if they aren't... there will still be x4 more.

Doesn't matter, ppl like us make our money in finance not STEM.

Singapore is puny. What they like or not doesn't matter.
Singapore + Malaysia + Thailand + Korea + Japan is divided.
It's a bit like saying South American countries will not let the US control the American continent.

zero hedge has more on Bannon and Bass:

"All the pressure on Trump to strike a trade deal is coming from Wall Street and corporate America," Bass argued. "Look who fought CFIUS reform...some of the biggest companies in the US and Wall Street came together to fight it. Steve is right about who's fighting...it's corporate America fighting to get Trump to do a deal...and China plays that card and they play it better than anyone else...they open a market to very specific people to court influence."

"Look at what they're doing...they have a geopolitical strategy to unite theEurasian land mass into one single market then to force the United States out of the Western Pacific then out of the Pacific overall. The radical cadre - this is not the Chinese people - this is about a radical cadre that is taking charge of the Communist Party led by President Xi...they've been running an economic war against the industrial democracies for 20 years."

And by the way, the funding -- the entire operation of the Chinese Communist Party and what they’re running in China is being funded by Wall Street, which Kyle can walk through, being funded by Wall Street. And corporate America – remember, PBS or NPR had this thing the other day about intrusions into stealing Intellectual Property in American companies. They talked to a Treasury official went around to 200 companies. Not one company would -- had been stolen from would press charges because they didn’t want to be blocked out of China. Corporate America today is the lobbying arm of the Chinese Communist Party and Wall Street is the investor relations department. You can see this on President Trump’s -- on President Trump’s trade negotiation, which I say is an armistice on the economic war. When Liu He comes to the United States, where does he go first?"

"Now we have a whole of government approach to really confront China on an economic war, this has never happened...the permanent political class and their paymasters on Wall Street have owned the political dialogue."

I think some people are starting to smell the coffee and wake up, but most are still focused on short term interests.

Heraclitusstudent says

Singapore is puny. What they like or not doesn't matter.

Singapore is right now, one of the major private banking centers in the world. More and more Chinese money is flowing through there than anywhere else.

Heraclitusstudent says

Singapore + Malaysia + Thailand + Korea + Japan is divided.
It's a bit like saying South American countries will not let the US control the American continent.

Sorry but your Monroe Doctrine analogy, which is specific to the New World, where the USA was the first independent country, doesn't work. Many South Americans prefer to study and possibly re-locate to Uncle Sam. And yes, as a result, the US is struggling to incorporate Spanish as a 2nd language, In contrast, no one wants to live in PRC. And PRC does not accept any other group of ppl aside from Han Chinese.

PRC is seen as a regional oppressor, not an ally of any sorts.

Rin says

Doesn't matter, ppl like us make our money in finance not STEM.

China left the US finance while the ate manufacturing. Manufacturing the key to industries, control of technologies and skills.
Once they are done they will move to finance.
Deriving monetary income from the work of others is a nice trick while they let you do it.

Rin says

Singapore is right now, one of the major private banking centers in the world. More and more Chinese money is flowing through there than anywhere else.

That makes them an attractive target.
The Templars were financing Philip IV of France, he was heavily in their debt.
Until one day he wiped them out, and burnt their leaders at the stake.

Heraclitusstudent says

Once they are done they will move to finance.

If PRC maintains its tight control over financial flows then this won't happen.

Ask yourself why ... 1 square mile in London's center city, for 5 centuries, have been able to make Britain as financial center? It's because it was a tax free/open money laundering zone for much of the world. Even today, this goes on.

If the City of London (separate from Metro/Greater London) stops this, the UK will be a 3rd world nation within a single generation. Instead, despite the great collapse of a massive overseas empire, since 1948, is still functioning as one of the world's G-5.

No one will launder their cash, through the PRC.

Rin says

Heraclitusstudent says

Even if they aren't... there will still be x4 more.

Doesn't matter, ppl like us make our money in finance not STEM.

About Rin again?

Rin says

If the City of London (separate from Metro/Greater London) stops this, the UK will be a 3rd world nation within a single generation. Instead, despite the great collapse of a massive overseas empire, since 1948, is still functioning as one of the world's G-5.

The last refuge for people who have lost everything else that mattered.

Remind me again how money changers create innovative products print way out of deficits?

Heraclitusstudent says

The last refuge for people who have lost everything else that mattered.

Yep, which is why rich Asians (all countries, not just PRC) won't park their cash with Beijing Inc.

Rin says

Singapore is right now, one of the major private banking centers in the world.

Switzerland is probably the one country that has been able to stay durably in their banking position.
Their mountains are a fortress full of military purpose tunnels, every adult male has a gun at home and stands ready to use it.
Hitler didn't attack Switzerland for a reason.
I doubt Singapore can pull out the same.

Heraclitusstudent says

I doubt Singapore can pull out the same.

Ok, so then I await the invasion, not only of Singapore (with its 75+% ethnic Chinese majority) but that entire region between Vietnam-Thailand and Indonesia by the PRC army to control the region. Remember, Vietnam also resisted PRC back in 1979.

If that occurs, and NATO (formerly SEATO) completely concedes defeat, then you're right, PRC is the new Emperor of the new millennia.

Until then, it sounds like a lot of sabre rattling by a regionally unpopular govt, trying to manipulate and brow beat their neighbors into shoddy business arrangements.

Singapore, I like Singapore a lot great food multi culture very interesting place, but really. I can bicycle across Singapore in one day

kt1652 says

Singapore, I like Singapore a lot great food multi culture very interesting place, but really. I can bicycle across Singapore in one day

Think of it as Hong Kong 2, the actual independent Chinese country within Asia-Pacific but English speaking with Mandarin (not Cantonese) as a primary 2nd language.

Since Hong Kong fell to PRC in 1997, Singapore has become that unofficial independent Chinese city-state. One of my former colleague emigrated from HK to Singapore during the past decade.

Yeah and China can snuff out Hong Kong like a bug

kt1652 says

Yeah and China can snuff out Hong Kong like a bug

For the most part, it already did. HK is no longer a free city-state and everyone there knows it.

If PRC invades Singapore, HK2, then it's an act of war, which will involve NATO/SEATO and anyone else who cares about SE Asia.

They don't need to invade either HK or Singapore. They just need to set the rules to their advantage.

"To win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill."

Heraclitusstudent says

They don't need to invade either HK or Singapore

HK was invaded, post 1997, if you haven't noticed.

Singapore is not a peninsular region of China. Instead, it's the peninsular island, at the tail end of Malaysia, and was granted independence back in the early 60s. And thus, it operated much like any other country like Luxembourg, Andorra, or Belize.

So if Singapore plays the City of London game long term then yes, China will have to invade to stop 'em.

Rin says

So if Singapore plays the City of London game long term then yes, China will have to invade to stop 'em.

Just to add to this theme, don't you think that Malays, Indonesians, Indians, Thais, etc, also use Singapore for monetary diversification? Asia does not resolve around the race of Han Chinese only.

Yes so HK is no longer in the city of London game.
Look at how the US imposes rules to European banks: must declare accounts of US citizen. Extra-territorial rules. Otherwise no business in the US, or fines, etc...
Some European countries have similar rules for Swiss accounts: citizen must pay x% of taxes on assets, regardless of income, even if legally held in Swiss banks.
It will be worse with China.

https://www.bloomberg.com/opinion/articles/2019-04-25/china-will-ultimately-rival-u-s-in-innovation

Heraclitusstudent says

It will be worse with China.

Ok, but then that means that they'll have to tell Vietnam, Thailand, Malaysia, Indonesia, Philippines, South Korea, Japan, India, etc, how to conduct business with Singapore.

There are plenty of rich ppl in Asia-Pacific who don't carry PRC passports. Plus, even famous former PRCers (ethnic Han Chinese) have given up their PRC passports for Singaporeans ones like actress Gong Li.

Rin says

Heraclitusstudent says

It will be worse with China.

Ok, but then that means that they'll have to tell Vietnam, Thailand, Malaysia, Indonesia, Philippines, South Korea, Japan, India, etc, how to conduct business with Singapore.

There are plenty of rich ppl in Asia-Pacific who don't carry PRC passports. Plus, even famous former PRCers (ethnic Han Chinese) have given up their PRC passports for Singaporeans ones like actress Gong Li.

Do you think if Xi went all Kim fuck and lock down HK in 48 hours. Do you think trump or Pelosi is going to start WW3, send American boys to street fights in chinese soil, or napalm the city?
The Brits?
Ps, I take it back, Trump will start WW3 if he is losing to Biden!

kt1652 says

Do you think if Shih went all Kim fuck and lock down HK in 48 hours.

HK is already done, they're owned by PRC. So what's the question?

The question is whether or not, PRC will launch an invasion of SE Asia, conquering Vietnam, Thailand, Malaysia, Singapore, and Indonesia so that these nations don't easily exchange money with Singapore and the western NATO nations including South Korea and Japan. If that happens then yes, we're looking at a major war.

Rin says

kt1652 says

Do you think if Shih went all Kim fuck and lock down HK in 48 hours.

HK is already done, they're owned by PRC. So what's the question?

The question is whether or not, PRC will launch an invasion of SE Asia, conquering Vietnam, Thailand, Malaysia, Singapore, and Indonesia so that these nations don't easily exchange money with Singapore and the western NATO nations including South Korea and Japan. If that happens then yes, we're looking at a major war.

That is a non question. Beijing completely dominate V,T,M,S & Indo akready. Why would Xi start a war? It's like we can wipe out Mexico/Can, but would make no sense whatsoever.

kt1652 says

Beijing completely dominate V,T,M,S & Indo akready.

They do not monetarily dominate Asia. If so, then all funds funnel through the Renminbi which it doesn't.

Boy, you guys really don't get it. The relationship between PRC and the rest of Asia is not the US, Canada, Mexico, and the Monroe Doctrine. When will you get it. Right now, the USD is the sole currency of the nation of Panama. The fact of the matter is that the USD is widely used throughout the world, esp south of the border.

And likewise, a lot of that world (not just South America but countless other nations) either want to live or conduct business within the USA.

In contrast, no one in Asia, wants to deal with PRC ... its racial politics, its currency controls, and its government. If you haven't figured it out then none of you have actually worked or lived in Asia-Pacific. The PRC is basically the Asian version of the USSR, trying to push its way through another set of Pragues, Budapests, etc, but in this case, without using armed forces but some faint notion that in the distant future, the USA, NATO, and the rest of the world will stop doing business with Asia-Pacific and it'll only be China and no one else.

Goran, can you jump in and set these ideologues straight?