All entries for Sunday 31 October 2010

October 31, 2010

Why China need to accelerate the pace of political reform?

Why China need to accelerate the pace of political reform?

Several years ago the government had realized that they need political reform, but it is still no practical actions. I think...China's current situations are not so good, if we want to absolutely resolve it, the government need to accelerate the pace of political reform.

China is facing a serious challenging from international environment and domestic environment.

International climate:

The concept of 'strikes' appeared in front of Chinese in 2008. Before 2008, it is nearly hard to listen to some events about 'strikes'. Why after 2008 strikes were appeared ...? I think... international climate is one of the major causes. Financial crisis heavily attracted the real economy. Maybe¡­the virtual economy is good, but real economy is worse than before. I think¡­ the virtual economy 'hot' is not a real situation. I is a well-planned conspiracy executed by elite behind the scenes. We do not know who they are. Why I think so...? You know, 2.6 trillion foreign exchange reserves (now less than 2.6 trillion because of shrinking) have continued shrinking because of continuous depreciation of dollars. At the same time, exporting companies are facing great pressure because of depreciation of dollars. Unluckily, the government of Obama forced appreciation of RMB, which further intensified the pressure on survival of exporting companies. Furthermore, the appreciation of RMB made the foreign exchange reserves shrank again!!! Additionally, appreciation of RMB made the very-low profits of exporting companies from only 5% down to 2% even zero. Many factories engaged in exporting industry began to bankruptcy because of the worse international climate. Factories' bankruptcy, workers'  unemployment, students cannot find jobs, migrant workers forced to return home¡­a series of bad situations led to strikes. Maybe...­these situations will be worse at least within 5 years...or...I don't know how long these situations can be stopped. We only hope the international climate better as soon as quickly, we hope the elite can be woken up their soul and ethic. Hope... But I know, they often let us disappointed. They are no soul, no country and lack of attachment. Their greatest happiness is to pursuit wealth. They never consider and sympathize people's suffering, because they only worship money. Money is God for them. One thing is worth worrying...maybe...the worst situation is still not coming A huge number of money entered into the real estates, stocks market and futures market, they pushing up house price, stocks price, and selling futures. Elite are trying their greatest efforts to force appreciation of RMB and accelerate deprecation of dollars. Why they do this...? I think all their efforts are to call hot money into China as much as possible. They want to attack China without weapon , just currency war. Money is where, they are appeared where, when they gone...serious financial crisis happened. Pursuit of huge and  endless wealth is their life goles and greatest happiness. Just like attacked Japan in 1980s. strong dollar times coming is the moment of China's bubble bust... At that time, lots of factories will be bankrupted, a host of workers unemployeed and without salaries for them to buy food, young people cannot find jobs when they gratuate from university,and migrant workers forced to return home... Oh, I cannot image it. How awful!  ­Maybe that moment is just the most difficult time. Hope it's never come . So, before strong dollar times coming, befor hot money withdraw from China, hope the governments speed up the pace of political reforms. Only political reforms can help China out of this trap and help people out of bad situations. It's so urgent.

Domestic climate:

The domestic climate is also not so good. In recent years, some officials cannot resist the lure of money lead to corruption and bribery. I think... this condition exist in every country. But China has so many people, so many officials, even if few officers' corruption and bribery will become more common than other countries. Corruption and bribery make people's needs not been resolved timely, complainant were accumulated, so it also sparked the strikes. I think  this is another reason why governments needs political reforms. Political reforms can stop these bad conditions from roots.

Anyway, how to solve current complex issues?

Hope international financial speculators give a way? No way! Money is God for them.

Hope entrepreneurs improve processes to reduce costs and improve quality, and then increase employees' salaries...? It is a good idea. Some industries and companies are doing like that. The governments have called industrial upgrading, but it is just less than two years, so did not see obvious good results. China is too large, the best conditions and the worst sufferings are both exiting today. Nervertheless, I think improving processes and reducing costs may not absolutely change current complex issues. That is because entrepreneurs are facing the greatest survival pressure. Even if hundreds and thousands of entrepreneurs are willing to do like that, which just only ease conditions worse; it cannot stop and absolutely resolve low prices, low salaries, and even strikes. However, even though entrepreneurs are facing great pressure, they should still take responsibility and try their best to ease these bad situations, it is their obligations and duties to employees.

Hope governments take obiligations for their people again, like thirty-two years ago. Indeed, the governments have done some things like industrial upgrading, expansion of domestic demand, and so forth. China's future is still full of hope, even though some conspiracies make it into trap. Yet here... maybe...another most important and difficult strategy is to promote political reforms. Primer Wen is trying his best to promote political reform. Although he met with the greatest resistance from international and domestic interest groups, he has been adhering to promote it.

Hopes... Whishes ...Cheer up !

October 2010

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