Can we expand the state’s role in the economy while diminishing its capacity for war?
Tag: Manufacturing
Why Do Today’s Chinese Still Revere Mao Zedong?
September 9 marks the 48th anniversary of Mao Zedong’s passing. As the founding leader of the People’s Republic of China, Mao may have passed nearly half a century ago, but his influence remains deeply ingrained in the country’s collective memory.
The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies
China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.
The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies
China’s Naval Power Surpasses US – US Geopolitical Reach Exceeds its Industrial Grasp
US geopolitical reach exceeds its industrial grasp
By Brian Berletic
In order to contain China, the US must maintain military and economic primacy over China. Nevertheless, its ability to do this has come into question in recent years due to the continual rise and growing strength of China, and the demonstrated growing weakness of the US itself.
China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers.
CATL and SMIC are two giant Chinese companies that are often singled out by Western think tanks as two firms who benefit from China’s subsidies, at the expense of foreign competition.
But all industrialized countries employ government subsidies, which help favored domestic industries grow. China, however, uniquely can invest in preferred sectors by channeling its massive trading surpluses, and providing low-cost access to its world-leading supply chains and logistics systems.
In contrast, North American and European companies who seek government incentives and subsidies are competing with other spending priorities, as all the funds come from taxpayers. This reality requires of companies seeking government help to do so through proxies, lobbying efforts, and through think-tanks who create research that can be published and used by lawmakers to justify the use of taxpayer funds.
China’s enormous subsidies come from trading profits. US and European subsidies come from taxpayers
Intel shares fall 20% on plans to cut 15,000 jobs
Intel on Thursday revealed drastic plans to slash its employee headcount and capital spending in an attempt to put its business back on a stable financial footing, as it suffered the latest setback in its slow-moving turnaround plans.
Related:
US CHIPS Act Funding for Intel
On March 20, 2024, the U.S. Department of Commerce and Intel Corporation announced a preliminary memorandum of terms under which Intel will receive approximately $8.5 billion in direct funding under the CHIPS and Science Act. Funding will help advance Intel’s critical semiconductor manufacturing and research and development projects at sites in Arizona, New Mexico, Ohio and Oregon – U.S. locations where the company produces some of the world’s most advanced chips and semiconductor packaging technologies.
Meanwhile, in China:
China’s ‘basic self-sufficiency’ in chip-making tools could come this summer, veteran says
The 20th CPCCC 3rd Plenum: Meaning for PH
There are two lessons for Filipinos and the Philippines from the Third Plenum of the 20th CPC Central Committee, the first is how serious national econ-political-social is properly done. This includes the requisite political system that guarantees its effectiveness and success.
The 20th CPCCC 3rd Plenum: Meaning for PH
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Young Americans recount moments angrily rebuking anti-China politician at a forum
A video capturing a few passionate young Americans confronting a former senior White House official Matthew Pottinger and being forcefully removed from the venue has recently made a splash across social media platforms in China and the US. According to José Vega, the 25-year-old American who was being dragged out of the venue violently, Pottinger made inflammatory remarks accusing China of instigating a potential World War III during his speech at a forum on security issues relating to the Taiwan Straits recently held in New York. Outraged by these false allegations, José and his friends Simon Miller and Robert Castle felt compelled to speak out against Pottinger’s divisive rhetoric.
Young Americans recount moments angrily rebuking anti-China politician at a forum
Previously:
Philippines’ Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’
Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’
THE PHILIPPINE Senate would put proposals to change the 1987 Constitution on the back burner and would instead focus on measures to boost the military amid growing tensions with China, according to the Senate president.
The chamber would also pass bills that seek to boost healthcare and jobs while easing hunger, Senate President Francis “Chiz” G. Escudero said in a speech as Congress resumed sessions on Monday.
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At the weekend, he said they would tackle a proposal to amend the Electric Power Industry Reform Act (EPIRA) amid blackouts.
The Senate will also push changes to the Corporate Recovery and Tax Incentives for Enterprises (CREATE), particularly lower taxes on domestic and foreign companies.
Mr. Escudero said Congress should go beyond laws that only benefit big business, and find solutions to problems with healthcare, joblessness and poverty.
“We will take peaceful measures to defend our people’s right to sail in our seas and fish in our waters, as what our ancestors had done, and what our children and grandchildren shall do,” he added.
The Senate in December passed a bill that seeks to boost the country’s defense program through investments in local defense equipment manufacturing. The measure will give the Department of National Defense P1 billion in seed funding.
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Also on Monday, Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said the House of Representatives would also seek changes to EPIRA.
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He said changes to EPIRA, which liberalized the power industry, would bring down electricity prices and ease inflation.
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It would now fast-track changes to EPIRA and a bill that seeks to extend the lease period for foreign investors. Other pending measures include amendments to the Agrarian Reform law and another that will modernize national defense.
“We have to continue building roads, highways, ports, school buildings and climate change-proof structures to maintain and expand economic growth,” Mr. Romualdez said. “I emphasize our commitment to pass the remaining priority bills before the end of the third regular session.”
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Jose Enrique “Sonny” A. Africa, executive director of think tank IBON Foundation, said it is wrong to equate economic progress with growth given the increasing number of poor Filipino families.
“Most Filipinos haven’t become better off because of this growth,” he told BusinessWorld. “The number of self-rated poor families has soared by 3.4 million since the start of the Marcos administration from 12.6 million in June 2022 to 16 million in June 2024.”
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Ms. Cat’s Chronicles 
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