Archive for October, 2019

Opinion | Let’s Not Take Cues From a Country That Bans Winnie the Pooh – By Nicholas Kristof – The New York Times

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Opinion Columnist

CreditCreditAssociated Press

“What happens when China’s enforcers come after Winnie-the-Pooh?

Will we reluctantly hand over Pooh Bear? Really sorry about this, Winnie, but China’s an important market!

Winnie-the-Pooh has been banned in China online and at movie theaters because snarky commentators have suggested that he resembles the portly President Xi Jinping. But these days Xi doesn’t want to censor information just in his own country; he also wants to censor our own discussions in the West.

That’s the backdrop to China’s hysterical reaction to a tweet by Daryl Morey, the Houston Rockets’ general manager, sympathizing with Hong Kong’s pro-democracy demonstrations.

When the N.B.A. moved into China in the early 2000s, it made a plausible argument that engagement would help extend our values to China. Instead, the Communist Party is exploiting N.B.A. greed to extend its values to the United States.

China is also forcing American Airlines to treat Taiwan as part of China, and it bullied Mercedes-Benz into apologizing for quoting the Dalai Lama. It made Marriott fire an employee for “wrongfully liking” a tweet by an organization that favors Tibetan independence.

There’s not much we can do about a dictator like Xi bullying his own citizens, but we should not let him stifle debate in our country.

Let me interrupt this diatribe, however, for important context. Those of us who criticize Xi must also have the humility to acknowledge that child mortality is now lower in Beijing than in Washington, D.C., that China has established new universities at a rate of one a week and that Shanghai’s public schools put our own school systems to shame.

So, yes, let’s stand up to Chinese bullying — and speak up when China detains at least one million Muslims, in what may be the biggest internment of people based on religion since the Holocaust. But let’s also note that China has helped lift more people out of poverty more quickly than any nation in history. With China, it’s always helpful to hold at least two contradictory ideas in our heads at the same time.”

Xi’s anxiety about the internet, religion, Hong Kong protesters, even Winnie-the-Pooh underscores his own insecurities. Xi seems terrified that real information will infiltrate the Chinese echo chamber, undermining his propaganda department’s personality cult around a benign “Uncle Xi.”

Source: Opinion | Let’s Not Take Cues From a Country That Bans Winnie the Pooh – The New York Times

Posted in: Bullies and Scoundrels, China, Nicholas Kristof

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New Nissan Pay Problems Point to Conflicts at the Top – The New York Times

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“TOKYO — An outside law firm investigating problems at Nissan, the troubled Japanese automaker, this summer discovered some potentially explosive information.

Hari Nada, a powerful Nissan insider who was behind the ouster last year of Nissan’s chairman, Carlos Ghosn, over compensation issues, had been improperly overpaid himself, the firm found. A second insider involved in the corporate coup was responsible, the firm said, and had briefed Mr. Nada on what he had done.

A senior Nissan compliance officer planned to share the findings with the company’s board of directors, according to people familiar with the situation.

But the full board never heard the details of the findings, according to people who attended the board’s last meeting on Sept. 9. Moments after the meeting ended, Nissan issued a statement that cleared an unnamed group of executives of misconduct.”

Source: New Nissan Pay Problems Point to Conflicts at the Top – The New York Times

Posted in: Business and Finance, Japan

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Carlos Ghosn Is Out of Jail. What Happens Next? – The New York Times

“Carlos Ghosn, the man who created what was effectively the world’s largest carmaker, has been released on bail after spending more than three months in jail.

Mr. Ghosn once oversaw the alliance of Nissan, Renault and Mitsubishi and was the consummate high-flying executive. On Wednesday, he walked out of a Japanese detention center disguised as a construction worker to prepare for a trial on charges of financial misconduct. Under the terms of his bail — set at 1 billion yen, or almost $9 million — he cannot leave Japan.

Here is what has happened since his arrest and what he faces now.

Mr. Ghosn has been accused of underreporting his compensation and shifting more than $16 million of personal losses to Nissan. He was in jail, questioned by prosecutors, for 108 days.”

Source: Carlos Ghosn Is Out of Jail. What Happens Next? – The New York Times

 

 

Posted in: Business and Finance, Japan

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Opinion | Is China Heading for Crisis? – by Bret Stephens – The New York Times

“In 2001, Gordon Chang, an American lawyer who had spent many years in Hong Kong and Shanghai, published a book forebodingly titled “The Coming Collapse of China.” At the time, the thesis seemed improbable, if not preposterous.

It looks a great deal less improbable now.

China — or, rather, the Chinese regime — is in trouble. Tuesday’s gigantic parade in Beijing to celebrate the 70th anniversary of the People’s Republic looked like something out of the late Brezhnev era: endless military pomp and gray old men. Hong Kong is in its fourth straight month of protests, marked and stained by this week’s shooting of an unarmed teenage demonstrator. The Chinese economy is growing at its slowest rate in 27 years, even when going by the overstated official figures.

Meantime, capital is fleeing China — an estimated $1.2 trillion in the past decade — while foreign investors sour on Chinese markets. Beijing’s loudly touted Belt-and-Road initiative looks increasingly like a swamp of corruption, malinvestment and bad debt. Its retaliatory options in the face of Donald Trump’s trade war are bad and few. And General Secretary Xi Jinping has created a cult-of-personality dictatorship in a style unseen since Mao Zedong, China’s last disastrous emperor.

Remember the “Chinese Dream” — Xi’s vision of China as a modern, powerful, and “moderately well-off” state? Forget it. The current task for Chinese leadership is to avoid a full-blown nightmare of international isolation, economic decline, and domestic revolt.”

Source: Opinion | Is China Heading for Crisis? – The New York Times

David Lindsay Jr.
Hamden, CT | NYT Comment
Bret writes well, but doesn’t seem to know much about China. In reading the comments, I am reminded that most Chinese do not care about democracy, but getting out of poverty, and they are pleased with their government.
One astute writer this summer, pointed out that China doesn’t need Hong Kong’s market anymore. The Chinese market makes China independent financially from Hong Kong. That writer suggested that the dissidents of Hong Kong are doomed. I am impressed that the CCP has announced a $500 billion push over the next five years into solar and sustainable energy. They have announced that all cars will be electric by 2030, and now have 42 companies making electric cars. The News Hour showed last night that you have to join a lottery to get a automoblie license, and it getting harder and harder to get a license for gas vehicles.
A Vietnamese professor teaching at a universtiy in the USA, recently reported that the top government officials of Vietnam have been bought out by the Chinese CCP, and are quietly not fighting China’s take over of the South China Sea. There is a question among my friends about whether a democracy like the United States, is capable of dealing with the existencial threat of the climate crisis.
If the oil and gas companies continue to control our politics for their short term profit, we might be the biggest threat to our own future.
David Lindsay Jr. is the author of “The Tay Son Rebellion” and blogs at InconvenientNews.net.

Posted in: China, David Lindsay, Hong Kong

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