China Economy Forum

[Azizam]

No it won't. This is the point. In the foreseeable future, technological advancement wouldn't replace humans.

To advance the the GDP per capita of a country, you just need to engage in jobs higher up in the value chain.

It can and it's already replacing jobs in many different ways.

So what mechanisms can be used to generate capital if cheap labour is no longer an option to attract investors? They won't be able to compete in high-tech industry without a large R & D budget. It will be a nightmare for developing countries.

 

[Bussard Ramjet]

It can and it's already replacing jobs in many different ways.

So what mechanisms can be used to generate capital if cheap labour is no longer an option to attract investors? They won't be able to compete in high-tech industry without a large R & D budget. It will be a nightmare for developing countries.

The jobs that require cheap labour aren't dramatically being replaced by technology, nor is their much work going on.

To spend on technology, and move up the value chain. Increase R&D per capita.

 

[Shotgunner51]

@Shotgunner51 Do you think technological advancements in the foreseeable future will replace cheap labour and the countries where cheap labour is used to attract foreign MCUs will lose demand? If yes, in such a scenario what would be the best mechanisms to expand economies of such countries?

I don't think it's a "yes/no" question, it's more like a "how" question.

Yes technological advancement will change how humankind work and live, it has been going on for the past few millennia, it will go on. A simple example is how logistics is mechanized instead of using manual labor.

No, it wouldn't affect the division of labor of mankind, within sovereign borders or across, some labor will be more expensive, some will be cheaper. Technological advancement itself is a business, people engaged in it will receive higher reward than those wasn't, the higher goes up the value chain, so does the reward. Example, people make robots, not the other way round, people will continue to make some money in industry 1.0, though less than say those in 2.0, and even better money in 3.0, while some are now looking at next level 4.0.​

Therefore just cope with technological advancement with the correct positioning. In the case that a sovereign country doesn't have a high value labor force, say the ones in industry 1.0/2.0 stage, the short-term action plans are:

1) Actively engage in integration with other economies, involves itself in the supply chain and international division of labor. Better infrastructures, more infrastructures, bilateral/multilateral trade pacts, and cultivate a trade friendly environment.

2) Keep the currency competitive. Here is a negative example, Greece, it's currency policy is not reflecting its weak competitiveness. Face doesn't matter, money does.

3) Relax investment restriction, allows free flow of capital, domestic or foreign. Here is another negative example, the Philippines, the 60/40 policy is discouraging investment i.e. capital. More pragmatism, less nationalism.​

In the long run, there is no secrete recipe, only infrastructure, both the "hard" ones as well as the "soft" ones. Education, healthcare, and all sorts of civil protections. This recipe is simple to say, but never easy to execute especially in noisy political environment. A country, or any country, should stay focused, disregard the noises, and do what should be done for long term national interests. A man should put his family's interests above his own, a CEO should put his company's above his own, a politician should put his country's above his own.

 

[TaiShang]

China Starts Anti-Dumping Probe into Paper from EU, US and Japan

2015-04-10 17:52:33 Xinhua Web Editor: Wang Wei

The Ministry of Commerce said on Friday that it had launched an investigation into claims that the European Union, United States and Japan were selling a paper product at unfairly low prices.

The ministry said the investigation will decide whether dumping of unbleached sack paper, used for food packaging, has occurred.

The investigation will last one year, with the potential for a six-month extension, it said in a statement on its website.

 

[ahojunk]

Didn't know where else to post this because HK bullsh!t doesn't warrant its own thread:

Mainland denies entry to Occupy students - Global Times
Mainland denies entry to Occupy students

Two students from the Chinese University of Hong Kong (CUHK), who have participated in the Occupy Central movement, were denied entry to the Chinese mainland during Tomb-Sweeping Festival, Hong Kong-based Mingpao reported Sunday.

Kwan Wai-hung, former vice president of the CUHK's students union, told Mingpao that he tried to enter Guangdong Province for the festival on Saturday but was rejected for "having participated in illegal activities and [his admission] may threaten national security."

The Occupy Central movement was a months-long protest demanding political reform universal suffrage for the 2017 chief executive election.

Kwan said that customs officers led him to a room, took away his ID card, checked his bag and took his pictures. After nearly an hour's wait, he was told he was forbidden from passing customs and should be back to Hong Kong.

He said that he only helped organize negotiations for the movement and participated as an ordinary citizen, before he quit his position in the students union last year and was not active in the student federation either.

Kwan added that he was worried that it might affect his employment prospects in the mainland and that he might not be able to visit the mainland in the next two or three years.

Another former member of the CUHK's students union, Fung Sai-kit, was also denied entry the same day.

Fung said that custom officers denied him entry into the mainland based on the regulations on exit and entry frontier inspection and sent him back to Hong Kong. He said that he plans to try to enter again during the summer holidays.

"For national security reasons, the local government is justified in denying their entry," Zhang Dinghuai, a professor at Shenzhen University, told the Global Times Monday.

According to a survey conducted by the news portal sina.com.cn, 81.7 percent of 30,894 netizens voted to agree with the customs decision, with some saying that "everybody should pay for their mistakes."

According to the Hong Kong-based newspaper Oriental Daily News in November 2014, one of the Occupy Central movement's organizers was rejected by customs officers in Shenzhen, Guangdong for having participated in activities that violate national security.

During Tomb-Sweeping Festival, Hong-Kong based Wen Wei Po reported that the region saw a sharp drop in the number of visitors and in tourism and retail business due to the parallel-goods traders.

The term "parallel-goods traders" refers to Chinese mainlanders who go to Hong Kong to buy cheaper products, such as infant formula and cosmetics, which they then sell at inflated prices.

Serve them right! There are consequences to every action.

A man should put his family's interests above his own, a CEO should put his company's above his own, a politician should put his country's above his own

Where do you find such politicians? They don't exist.

China Starts Anti-Dumping Probe into Paper from EU, US and Japan

2015-04-10 17:52:33 Xinhua Web Editor: Wang Wei

The Ministry of Commerce said on Friday that it had launched an investigation into claims that the European Union, United States and Japan were selling a paper product at unfairly low prices.

The ministry said the investigation will decide whether dumping of unbleached sack paper, used for food packaging, has occurred.

The investigation will last one year, with the potential for a six-month extension, it said in a statement on its website.

These looks like a change of roles, normally it's the other way.
What a refreshing change!
.

 

[Shotgunner51]

Where do you find such politicians? They don't exist.

Don't blame the players blame the game.
I did say well right it isn't easy my friend, that's the tricky part, worth some thought!

 

[bobsm]

Chinese university develops foldable Li-ion battery
Xinhua Finance 2015-04-09 10:15 NANCHANG

Jiangxi University of Science and Technology has created a new foldable Li-ion battery, which is paper-thin and flexible and has better performance than ordinary Li-ion battery products.

Hu Jingwei, an expert with the university's power battery and material lab, said the new battery was developed to meet the requirement of developing wearable devices on battery flexibility. The university has applied for two patents for invention basing on the new battery.

 

[Nike]

Indonesia to open restaurants in three countries
Minggu, 12 April 2015 16:02 WIB | 678 Views

Rizky Handayani. (Repro: Facebook)
Beijing (ANTARA News) - Indonesia is set to open restaurants in South Korea, Japan and Australia as part of efforts to introduce its traditional cuisine to the international community, a tourism official said.

"In Seoul, South Korea, the Bandung city government plans to set up a Sundanese traditional restaurant," Director of Meeting Incentive Convention Exhibition and Special Interest Promotion of the Tourism Ministry Rizki Handayani said here on last Saturday.

The Indonesian restaurants in Australia and Japan will offer a wide range of traditional dishes from various regions in Indonesia, she added.

Handayani stated that the Indonesian restaurants in Australia will be set up in Melbourne and Sydney.

"We, the government, highly support the plan to open Indonesian restaurants abroad, now that the culinary field contributes the most to the gross domestic product from the creative economy sector," she explained.

Handayani admitted that the number of Indonesian restaurants abroad was relatively small as compared to those of other countries, including Thailand. "As a matter of fact, Indonesia has a variety of culinary icons that are not inferior to those of other countries," she remarked.

In this regard, she noted that the Tourism Ministry has distributed a book on 30 Indonesian traditional culinary icons to all Indonesian representatives abroad.

"Each Indonesian representative abroad must present Indonesian dishes at every routine event, particularly at state events. By doing so, the international community will be increasingly acquainted with Indonesia and its cuisine," she pointed out.

In China, Indonesian restaurants are found in Beijing, Guang Zhou, Shanghai and Hong Kong. A number of Indonesian culinary icons such as rendang, fried rice, and baked fish are also served at several Thai, Malaysian and Singaporean restaurants in Beijing.

(Reported by Rini Utami/Uu.INE/KR-BSR/A014)

Indonesia to open restaurants in three countries - ANTARA News

this is Soto along with Ice tea and satay

soto bandung with her distinct Daikon or Lobak

Nasi Goreng or Fried Rice

@Indos @NarThoD @Jakartans@PkDef

 

[Nike]

the famous Rijsttafel, usually served in between 7 to 40 main dishes from various Indonesian local ethnic cuisine food, the most popular is Nasi goreng, Rendang, sambal balado, ikan pepes (fish baked with Banana leaf as cover), Sayur lodeh and so on

satay Ponorogo with peanut sauces

 

[ashok mourya]

Open some Indonesian restaurants in India too.We just cooked up by Chinese and Italian food need some refreshment.

 

[Nike]

Open some Indonesian restaurants in India too.We just cooked up by Chinese and Italian food need some refreshment.

i was heard the plan to open Indonesian themed restaurant in Mumbai several years ago

Hidangan (food style) of Nasi Padang style restaurant in Indonesia, Minangkabau cuisine is notorious for their intensive use of coconut milk and have Arabic and Indian influence in their favors....

 

[Shotgunner51]

Indonesia to open restaurants in three countries
Minggu, 12 April 2015 16:02 WIB | 678 Views

Rizky Handayani. (Repro: Facebook)
Beijing (ANTARA News) - Indonesia is set to open restaurants in South Korea, Japan and Australia as part of efforts to introduce its traditional cuisine to the international community, a tourism official said.

"In Seoul, South Korea, the Bandung city government plans to set up a Sundanese traditional restaurant," Director of Meeting Incentive Convention Exhibition and Special Interest Promotion of the Tourism Ministry Rizki Handayani said here on last Saturday.

The Indonesian restaurants in Australia and Japan will offer a wide range of traditional dishes from various regions in Indonesia, she added.

Handayani stated that the Indonesian restaurants in Australia will be set up in Melbourne and Sydney.

"We, the government, highly support the plan to open Indonesian restaurants abroad, now that the culinary field contributes the most to the gross domestic product from the creative economy sector," she explained.

Handayani admitted that the number of Indonesian restaurants abroad was relatively small as compared to those of other countries, including Thailand. "As a matter of fact, Indonesia has a variety of culinary icons that are not inferior to those of other countries," she remarked.

In this regard, she noted that the Tourism Ministry has distributed a book on 30 Indonesian traditional culinary icons to all Indonesian representatives abroad.

"Each Indonesian representative abroad must present Indonesian dishes at every routine event, particularly at state events. By doing so, the international community will be increasingly acquainted with Indonesia and its cuisine," she pointed out.

In China, Indonesian restaurants are found in Beijing, Guang Zhou, Shanghai and Hong Kong. A number of Indonesian culinary icons such as rendang, fried rice, and baked fish are also served at several Thai, Malaysian and Singaporean restaurants in Beijing.

(Reported by Rini Utami/Uu.INE/KR-BSR/A014)

Indonesia to open restaurants in three countries - ANTARA News

this is Soto along with Ice tea and satay

soto bandung with her distinct Daikon or Lobak

Nasi Goreng or Fried Rice

@Indos @NarThoD @Jakartans@PkDef

Open more in Shanghai please!
My favorites(wrong spelling maybe, please correct):
Soup Bun Tok, Gado gado, Satay Ayam, Tofu Goreng Tolok, Sambal Kakong and ikan (fish) something I forget the exact name ...

@Yizhi @AndrewJin @Edison Chen @Nihonjin1051
What are your favorites?

 

[Nike]

sup Buntok, tahu goreng colok? , sambal kangkung for fish i had no idea maybe like this one? this is a Sundanese style baked fish

my self, i like fried rice, Chicken satay and gado-gado and i am quite fond with Indonesian Chinese cuisine like Kwe tiau, Bak mie chicken and Bakso

Bak Mie Ayam

 

[ashok mourya]

i was heard the plan to open Indonesian themed restaurant in Mumbai several years ago

Hidangan (food style) of Nasi Padang style restaurant in Indonesia, Minangkabau cuisine is notorious for their intensive use of coconut milk and have Arabic and Indian influence in their favors....

Lot of influence by odia food.
Historical Ties India And Indonesia::Indian Influence Abroad

 

[mrfly911]

Have not yet had a chance to try any Indonesian cuisine.
P/S: Really like Nabati wafer and Kopiko candy.