China Readings for September 7th through September 8th

These are my links for September 7th

  • Digital Dao: Huawei Under Investigation For Fraudulent Bank Loans To Its Employees
  • Chinese businessman looks to Iceland – world – FT.com – Video. And is stroking a cat
    Chinese businessman looks to Iceland
    8:44 PM  Huang Nubo, a Chinese entrepreneur, has inspired interest and concern in equal measure with his purchase of a huge tract of land in Iceland. The FT’s Andrew Ward visits the region and examines whether Mr Huang is right about the appeal of the wilderness to Asian tourists and whether the doubters are right about China’s strategic interest in the North Atlantic.
  • Foreign Investors Consider Changes in China Deals – WSJ.com– Foreign investors in the Internet sector and other restricted Chinese industries are looking into changing their contracts with local companies, in light of new guidelines for Chinese officials to review mergers and acquisitions.Rocky Lee, head of Cadwalader, Wickersham & Taft LLP’s Greater China corporate practice, said his firm is helping clients fix or upgrade their VIE contracts so that, if transactions are voided, investors can expect to recoup at least a portion of their money.”Just about all of our financial and institutional investors are now carefully examining these issues,” Mr. Lee said, adding that such provisions will likely become standard, in light of the government’s additional national-security-review requirements.

    Mr. Ross said his firm advises buyers in merger-and-acquisition transactions not to make any payments until all relevant clearances are obtained, and that he now also asks that companies either seek national-security clearance, or an “assurance that a national-security review is not required.”

  • Libya’s fate can’t be shaped by imperialist powers – feeling left out? //
    Last week, some self-appointed friends of Libya came to Paris in a hope of grabbing a slice of the oil-rich North African country.This Paris meeting on Libya came 92 years since the Paris Peace Conference in 1919 when the imperialist powers of France, Great Britain, the US, Japan and Italy met for a carve-up of global wealth.At the Paris Peace Conference, Chinese delegation demanded Japan return Shandong to China and called for an end to imperialist institutions such as extraterritoriality, legation guards, and foreign lease holds.

    The Western powers refused Chinese demands. In the end, the Chinese delegation at the Paris Conference was the only one not to sign the Treaty of Versailles. Chinese anger over the Paris Conference led the May 4 protest movement.

    After six months of a bloodbath in Libya and countless innocent civilians being killed, French President Nicolas Sarkozy, British Prime Minister David Cameron and US Sectary of State Hillary Clinton met in Elysee Palace to greet the coming of post-Qaddafi Libya.

    With Gaddafi in hiding somewhere in the desert, world powers are disputing how to spend the billions of dollars in assets of Libyan government that are frozen around the world and to remap the future of the country.

    The Paris conference has clearly demonstrated NATO’s intention to control the reconstruction of Libya.

  • M&A in China – CFC’s New Research Report | China Private Equity– CFC’s latest Chinese-language research report has just been published. The topic: M&A Strategy for Chinese Private Companies. Our conclusion: propelled by rapidly-growing domestic market and the continuing evolution of China’s capital markets, China will overtake the USA within the next decade as the world’s largest and most active market for mergers and acquisitions.The report, titled “ 并购- 中国企业的成功助力”
  • Opening the door to American universities with lies | Danwei – so many education consultants in China scamming kids into US schools. translation of a Southern Weekly article
  • About || Percolate – Percolate is the first content curation platform that works by bubbling up interesting content based on your network and presenting it back to you for reaction.
    Percolate works by hooking up to streams of content (like RSS and Twitter, with more to come) and filtering down to the most interesting stuff for you (by way of a lot of math and technical wizardry). We then present that content back to you for you to react to, which is as easy as hitting an “awesome” button.
  • Counterparties – very interesting new site. could use better china content. done by reuters @felixsalmon
  • 110818 Network in Asia Paper _final_DB _2_ MM – Powered by Google Docs – project 2049-asian alliances in the 21st century–blumental, schriver, hsiao, mazza, stokes
  • Avoiding Armageddon with China | Shadow Government – No surprise written by Blumental, Stockes, Hsiao, Schriver and Mazza.//
    It is good news that James Traub, a highly regarded journalist and writer, may be startled out of his belief that China is a “status quo” power, based in part on a paper we wrote.We hope that more writers of Traub’s caliber will be similarly startled by China’s growing menace. The truth is that like every rising power in history (including the United States) China wants to change rules, territorial delineations, and laws written while it was weak.Traub notes that China is “famously patient and slow-gestating” and thus it “seems odd” that it “would have so radically, and so quickly changed its posture to the world.” But he is intellectually honest enough to allow for the possibility that its famous “patience” may have been “an elaborate show, or a transitional phase.”

    But maybe that patience was always overstated. Throughout its history, China has lumbered into disaster after disaster, costing untold sums in lives and treasure

  • Over the Horizon – By James Traub | Foreign Policy– But should Americans regard China as a national security threat and not merely an economic one?The authors of “Asian Alliances in the 21st Century,” a report published by the Project 2049 Institute, a conservative think tank that focuses on East Asia, insist that we must. (The lead author is American Enterprise Institute scholar Dan Blumenthal of Foreign Policy’s Shadow Government blog.) The report concludes that “China’s military ambitions threaten America’s Asian allies, raise questions about the credibility of U.S. alliance pledges, and imperil the U.S. military strategy that underpins its global primacy.”This is startling news to those of us who think of China as a “status quo” power, a view that until recently was widely shared in the academic and
    policy community.

    Al Qaeda is not the national nightmare it once was. Are Americans going to replace it with a new nightmare — or rather, a recycled one from the depths of the Cold War? I certainly hope not. China’s regional ambitions do need to be checked. But if America bankrupts itself in the process, we’ll win the battle and lose the war.

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