Archive for April, 2011

Why is foreign investment still strong in China? [People’s Daily]

Posted in Capitalism crisis early 21st century, China, Economy, WTO on April 30, 2011 by Zuo Shou / 左手

April 21, 2011

According to the statistics released by China’s Ministry of Commerce, China approved 5,937 new foreign-invested companies in the first quarter, up 8.8 percent year on year, and Foreign Direct Investment (FDI) in China has increased with a 29.4 percent year-on-year rise in the first quarter to 30.34 billion U.S. dollars,

By the end of March, China had approved 716,578 foreign-invested companies and used 1.08 trillion U.S. dollars of FDI.

Seek wider space for development

"The quick increase in foreign investment introduced by China in the first quarter was within the expectation because China has a big market as well as a large population.  However, its GDP per capita is lower than the half of world’s average, which also means it has great potential for development," said Zhang Hanya, the president of the Investment Association of China.

He also pointed out that some of China’s regulations on foreign investment in recent years did make some small foreign companies unhappy, but those measures are in line with the principles of the World Trade Organization (WTO) and promises from China.  He said they do not affect the investment from large transnational corporations.

Zhang said the world is currently walking out of the shadow of the financial crisis and needs more liquidity.  Therefore, China, with its stable politic[al] situation, fewer natural disasters and better environment for investment, has automatically become the priority for foreign investors.  Those foreign businessmen are going to seek much wider space for their development in China.

However, the major driver behind the increase in FDI in the first quarter of this year is due to the attractiveness of the domestic economy, said Mei Xinyu, a researcher from China’s Commerce Ministry.

Analysis emphasizes that despite the downturn the global economy, foreign enterprises in China are generally doing pretty well due to the quick recovery of China’s economy and the investment environment, which is constantly being enhanced. Some of enterprises became their mother companies’ cash cow.  China, which has great potential for development, has already become the "safe house" for international capital amid the financial crisis.

According to the "World Investment Prospects Survey 2010-2012" released by the United Nations Conference on Trade and Development (UNCTAD) last year, China tops the 14 other most attractive destinations for investment in the world and is the first choice of transnational corporations.

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Full text of Chinese President Hu Jintao’s speech at opening ceremony of Boao Forum [Xinhua]

Posted in Capitalism crisis early 21st century, China, Economy, Environmental disaster, Hu Jintao, Japan, Reform and opening up, Scientific Outlook on Development, USA 21st Century Cold War on April 30, 2011 by Zuo Shou / 左手

BOAO, Hainan, April 15 (Xinhua) — Chinese President Hu Jintao on Friday delivered a keynote speech at the opening ceremony of the 2011 annual meeting of the Boao Forum for Asia (BFA). The following is the full text of Hu’s speech.

Towards Common Development and a Harmonious Asia

Speech by H.E. Hu Jintao

President of the People’s Republic of China

At Opening Plenary of Boao Forum for Asia Annual Conference 2011

Boao, 15 April 2011

Distinguished Guests,

Ladies and Gentlemen,

Dear Friends,

First of all, I wish to extend, on behalf of the Chinese government and people, warm congratulations on the opening of the Boao Forum for Asia Annual Conference 2011 and express sincere welcome to all guests present.

The Boao Forum for Asia (BFA) was launched ten years ago with the concerted efforts of organizations and individuals from across Asia.  It was an important symbol of the growing solidarity and desire for cooperation in Asia under the new situation.  In the ten years since, the BFA has played an important role in building consensus in Asia, making Asia’s voice heard and promoting Asian cooperation.  It has become one of the highly influential economic forums in the world. The BFA owes its growth to the fast development of Asia; it is, at the same time, a witness and driver of this historical process.

In the last ten years, Asia’s economy has been in high gear and regional cooperation has seen robust growth.  Asia’s influence in the world has been rising steadily.  Asian economy was the first to recover from the international financial crisis and has become an important engine for world economic recovery and growth.  Asia’s development is not only changing the destiny of the Asian people, but also exerting a growing impact on the development of the world.

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Full text of Sanya Declaration of the BRICS Leaders Meeting [Xinhua]

Posted in Brazil, BRICS - Brazil, Russia, India, China, South Africa, China, India, Russia, South Africa on April 30, 2011 by Zuo Shou / 左手

SANYA, Hainan, April 14 (Xinhua) — Leaders of five BRICS countries, Brazil, Russia, India, China and South Africa, released on Thursday a joint document, Sanya Declaration, at the BRICS Leaders Meeting in south China’s resort city of Sanya.

The following is the full text of the document.

Sanya Declaration

(BRICS Leaders Meeting, Sanya, Hainan, China, 14 April 2011)

1. We, the Heads of State and Government of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa, met in Sanya, Hainan, China for the BRICS Leaders Meeting on 14 April 2011.

2. The Heads of State and Government of Brazil, Russia, India and China welcome South Africa joining the BRICS and look forward to strengthening dialogue and cooperation with South Africa within the forum.

3. It is the overarching objective and strong shared desire for peace, security, development and cooperation that brought together BRICS countries with a total population of nearly 3 billion from different continents. BRICS aims at contributing significantly to the development of humanity and establishing a more equitable and fair world.

4. The 21st century should be marked by peace, harmony, cooperation and scientific development.  Under the theme "Broad Vision, Shared Prosperity", we conducted candid and in-depth discussions and reached broad consensus on strengthening BRICS cooperation as well as on promoting coordination on international and regional issues of common interest.

5. We affirm that the BRICS and other emerging countries have played an important role in contributing to world peace, security and stability, boosting global economic growth, enhancing multilateralism and promoting greater democracy in international relations…

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Britain’s Royal Wedding: A Big Day For The Global Oligarchy – A Celebration of the Dictatorship of Global Capital over Democracy []

Posted in Afghanistan, Africa, Bahrain, Bourgeois parliamentary democracy, France, Germany, Iraq, Italy, Kuwait, Libya, Netherlands, Nigeria, Qatar, Saudi Arabia, Tony Blair, U.K., U.K. War Crimes, USA on April 30, 2011 by Zuo Shou / 左手

by Finian Cunningham

April 28, 2011

The British royal wedding can be seen as a modern-day repeat of the “bread and circuses” policy of ancient Rome.  In the waning days of that empire, the rulers sought to distract the masses from their grinding misery and the unwieldy wealth and corruption of the elite by sporadically throwing scraps of bread to the hungry public while saturating them with spectacles of gore and bloodlust at the Colosseum.

Today, the British public – grinding under massive austerity budget cuts, unemployment, poverty wages, social deprivations and crumbling services – are thrown scraps of feelgood comfort from the much-hyped wedding between Prince William and his girlfriend Kate Middleton.  William is the grandson of Queen Elizabeth II and son of the heir apparent to the British throne, Prince Charles.  Fawning media coverage will present it as a day of romance, nationhood, nostalgia and pride.

Meanwhile, the spectacles of gore and bloodlust – admittedly despite much public opposition – are located thousands of kilometers away in the Middle East, Iraq, Central Asia, Afghanistan, where over a million civilians have been killed in British-backed “wars against terror” that have yet to be sated even after eight and 10 years of butchery, respectively; and now the latest spectacle opens in North Africa, Libya, where over the past six weeks Royal Air Force warplanes have been bombing and killing civilians in the name of “peace” and “humanitarian concern”.  The day before the wedding, the British government announced that troops are to be dispatched to the borders of Libya to provide “humanitarian corridors” for displaced civilians – many of whom will have been displaced by RAF ground attack aircraft.

Of course, the British Empire has long ago waned as a singular entity and its elite is not alone in lording over their masses. The same bread and circuses charade is being played out in varied ways by the other Western powers, the US, France, Germany, Italy, that comprise today’s global Empire of Capital.

But what should be appreciated from the display in Britain is the revelation – albeit unintended – of raw state power.  Behind the translucent wedding veil, what can be seen is raw state power that blows away any vestige of illusions of parliamentary democracy, illusions that are not just peculiar to Britain, but to all the Western powers.  In short, the empire of corporate and financial aristocracy that has emerged in late capitalism is now asserting itself increasingly and more blatantly as a dictatorship of Capital. Continue reading

“God Save the Queen” by the Sex Pistols – A lyrical kiss-off to the whole Royal Family on the Royal Wedding Day [ / Sweet & Sour Socialism Songs]

Posted in Sweet & Sour Socialism Songs, U.K. on April 29, 2011 by Zuo Shou / 左手

See the video here

“God Save the Queen”

by the Sex Pistols

God save the queen
The fascist regime
They made you a moron
Potential H-bomb

God save the queen
She ain’t no human being
There is no future
In England’s dreaming

Don’t be told what you want
Don’t be told what you need
There’s no future, no future,
No future for you

God save the queen
We mean it man
We love our queen
God saves

God save the queen
‘Cause tourists are money
And our figurehead
Is not what she seems

Oh God save history
God save your mad parade
Oh Lord God have mercy
All crimes are paid

When there’s no future
How can there be sin
We’re the flowers in the dustbin
We’re the poison in your human machine
We’re the future, your future

God save the queen
We mean it man
We love our queen
God saves

God save the queen
We mean it man
And there is no future
In England’s dreaming Continue reading

Everyone Cares About the Royal Wedding [FAIR blog]

Posted in Corporate Media Critique, U.K., USA on April 29, 2011 by Zuo Shou / 左手

04/28/2011 by Peter Hart

A USA Today headline (4/28/11):

Americans, Here and There, Get Swept Up by the Royal Wedding

Much further down in the piece, evidence of that sweeping feeling:

Polls initially indicated that most Americans were underwhelmed by the royal nuptials, but interest has spiked as the wedding day nears.  U.S. media outlets are publishing twice the amount of coverage as the British media, according to a new Nielsen study.

So people don’t care about it, but the media care a lot–which is evidence of, well, something.

And more on that:

Jane Seymour, the actress-turned-correspondent for ET, says she hasn’t met anyone in London who’s apathetic about the wedding.

"This is completely insane," says the British-born Seymour. "I think there’s nothing else happening in the world because all the media are here.  I find it quite fun."

If all the media are in one place, there must be nothing else happening in the world–that pretty much says it all.

Article link here

Royal family caught up in Nazi row – January 2005 article [Guardian / Sweet & Sour Socialism Essential Archives]

Posted in Fascism, Nazism, Sweet and Sour Socialism Essential Archives, U.K. on April 29, 2011 by Zuo Shou / 左手

…The episode [of Prince Harry in Nazi costume] also served to stir ugly memories of the royal family’s links with the Nazi regime.  King Edward VIII, Harry’s great-great uncle, was a Nazi sympathiser, while Princess Michael of Kent’s father was a Nazi party member…

– Prince apologises for ‘tasteless’ costume –

13 January 2005

by Sam Jones


Clarence House was last night forced into a major damage limitation exercise after Prince Harry was pictured in Nazi uniform at a fancy dress party.

The photograph, splashed across the front page of the Sun, showed the Prince of Wales’s youngest son enjoying a drink and a cigarette while dressed as a member of Rommel’s Afrika Korps, complete with a prominent swastika armband.

Prince Harry’s latest embarrassment comes just two weeks before the 60th anniversary of the liberation of Auschwitz, the Nazi concentration camp where more than a million Jews were murdered.

On January 27, Prince Harry’s uncle, Prince Edward, is due to represent the Queen at a memorial ceremony held at the death camp.

Prince Harry released a statement last night, in which he said: "I am very sorry if I caused any offence or embarrassment to anyone.  It was a poor choice of costume and I apologise…"

…According to the Sun, the photograph was taken a week ago when Prince Harry, 20, attended a birthday party in Wiltshire for his friend Harry Meades.

His older brother, Prince William, is also thought to have been present, although he opted for a homemade lion and leopard outfit more in keeping with the party’s "native and colonial" theme.

But Prince Harry’s outfit, which included a German Wehrmacht or defence force badge, attracted far more notice than his brother’s.

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