Harvesting Wealth and Resources Then Moving On - Extraordinary Wealth And Power Moving East - Henry Kissinger Paves The Way - Beyond "Conspiracy Theory" and Into the Realm of Stark Reality - Currency Wars - Financial Creativity Is Bogus
From Deng Xiaoping to 7nm Microprocessors and Hundreds of Chinese Companies Listed on US Stock Exchanges - Taiwan Is the "Tool Shed" of the 4th Industrial Revolution - Rumblings Inside the US Navy - Provocations In the South China Sea - Today's History Lesson: China Had Help "Transforming"
________
Source: New York Times
From a China Traveler
By David Rockefeller | August 10, 1973
Given China's vastness, it was only due to the remarkable thoughtfulness of our hosts that the six members of our Chase group were able to see and experience so much during just ten days in Peking, Sian, Shanghai and Canton. In terms of simple geographic expanse, a week and a half visit to China is something equivalent to trying to see New York City in less than one and a half minutes.
One is impressed immediately by the sense of national harmony. From the loud patriotic music at the border onward, there is very real and pervasive dedication to Chairman Mao and Maoist principles. Whatever the price of the Chinese Revolution, it has obviously succeeded not only in producing more efficient and dedicated administration, but also in fostering high morale and community of purpose.
General economic and social progress is no less impressive. Only 25 years ago, starvation and abject poverty are said to have been more the rule than the exception in China. Today, almost everyone seems to enjoy adequate, if Spartan, food, clothing and housing. Streets and homes are spotlessly clean, and medical care greatly improved. Crime, drug addiction, prostitution and venereal disease have been virtually eliminated. Doors are routinely left unlocked. Rapid strides are being made in agriculture, reforestation, industry and education. Eighty per cent of school‐age children now attend primary school, compared with 20 per cent just twenty years ago.
Each step of the trip was choreographed precisely by our hosts and, though virtually all our requests were granted, we clearly saw what they wanted us to. Still, there was little sense of the constant security found in some other Communist countries. Issues such as Taiwan and Cambodia evoke strong positions, but conversation does not founder on ideological shoals. The Chinese seem so totally convinced of the correctness of their own world view that they do not feel they have to push it aggressively.
Despite the constant impressions of progress, however, some gray areas and basic contradictions also emerged. Three major questions remain in my own mind.
First, can individuality and creativity continue to be contained to the degree they are now in a nation with such a rich cultural heritage?
Please go to New York Times to read the entire article.
________
Source: CGTN
China's fascination with the Rothschild family
By Nicholas Moore | 2018-02-28
The seventh generation of the Rothschild banking dynasty will take over the centuries-old bank this summer, according to the Financial Times.
VCG photo
Controversy and conspiracy theories over the family's supposed control of wealth have long existed in the West, but in recent decades more and more Chinese economists and budding entrepreneurs have closely studied the Rothschilds. At the same time, members of the Rothschild family have looked to a rising China for new business opportunities. The next generation According to the Financial Times, Alexandre de Rothschild will take over as chairman of Rothschild Bank from his father David de Rothschild this summer, with the 37-year-old expected to lead the way in diversifying the group beyond "its core French and British advisory business."
Outgoing Chairman David de Rothschild. /VCG Photo
Alexandre de Rothschild joined the family business a decade ago, overseeing a period when the bank has looked to push beyond Europe in terms of investment strategy. In fact, the Rothschild family came to China as long ago as the 1830s, when it set up a small gold and silver trading business in Shanghai. In 1953, four years after the founding of New China, Rothschild was one of the first major Western banks to establish relations with the country. A history of investments in China In 2008 La Compagnie Financiere Edmond de Rothschild (LCFR), the bank's French branch, was on the verge of securing 2.3 billion yuan (336 million US dollars) worth of investment from the Bank of China. That deal however fell through after failing to get approval from the Chinese government. In 2011, UK-based Rothschild subsidiary RIT Partners set up one of the first private equity funds in China to raise renminbi in the country and invest it overseas, with a target of amassing 750 million US dollars within its first year.
Alexandre de Rothschild (L) with CEFC China Energy Chairman Ye Jianming in Shanghai, May 2017. /China Daily Photo
Last year, Alexandre de Rothschild met with Ye Jianming, chairman of CEFC China Energy, with both sides agreeing to strengthen cooperation in sectors including energy, financial services, aviation, infrastructure construction, food and high-end property management.
China's fascination with the Rothschilds
Beyond its growing financial presence in the country, the past decade has seen growing cultural awareness in China of the Rothschild family.
Several bestselling but controversial books have seen a wave of interest in Jewish business practices, particularly among wealthy entrepreneurs and investors looking to establish their own family legacies.
Published in 2007, Song Hongbing's Currency Wars was an instant success in China, with publisher CITIC claiming there were some 600,000 copies in circulation within months of it being released.
In the book, Song, who studied and lived in the US from 1994 and worked as an IT consultant, claims the Rothschild family control five trillion US dollars' worth of global wealth.
Song's work was widely criticized in the West as an "economic novel," and lambasted for promoting anti-Semitic conspiracy theories.
The Financial Times reported that Currency Wars was widely read by Chinese company heads and government officials, with Song himself saying "I never imagined it could be so hot and that top leaders would be reading it." He insisted that the book was not anti-Semitic.
Jon Benjamin, then the chief executive of the Board of Deputies of British Jews, told the Financial Times he was concerned by the book, and was worried that the Rothschild conspiracy theory was gaining traction "in the world's most important emerging economy," despite China having "little or no concurrent culture of anti-Semitism."
Song Hongbing, who currently has almost two million followers on Sina Weibo, has gone on to publish five books in his Currency Wars series, and since 2007 more and more books on the Rothschilds and more generally on so-called Jewish business practices have been published.
Please go to CGTN to read the entire article.
________
Rothschild funds continue pouring into China...
Rothschild China Rainmaker Yu Eyes $800 Million Buyout Fund
CEFC China Energy, Rothschild & Co to team up
The money being pumped into American universities from China...
Universities try to block Congress from accessing documents detailing their ties to China
Feds ask to Investigate money from China to Biden Cntr at Penn University
Finally, this song is for George Soros...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.