'A series of explosions in the Thai capital Bangkok is reported to have killed at least three people and injured scores more.'
Chaos in Bangkok still dragging on for over a month, as one could tell that it is simply a war between the poor and the rich people in Thailand. By the same token, citizen has been making use by politician whom dominated the whole scenario in their own interest. In the meantime, the entire nation is paying a price at the expense of the Thailand's traumatic economic situation.
Per my initial observation, Thailand is a developing country and ruled under monarchy, all people is highly repectful to their King and Queen who holds a tight grip on the economic, military, diplomatic policy etc. In accordance with the report, yellow shirt protesters are mainly comprises of middle class businessmen and roylaists known as "Peoples' Alliance for Democracy" whereas the Red shirts including mostly poorer workers from rural areas formally called "United Front for Democracy Against Dictatorship".
The UDD are mostly loyal to the ousted Prime Minister Thaksin Shinawatra whom contributed benefit to these people during his prime ministership, contrary to that, the PAD are strongly against the former PM as they believed that Thaksin has been acorrupted ruler and grafted heaps of cash from the nation. The confrontation between these two groups has indicated the significant difference within the wealth and the poverty, the gap is widening which caused such social unrest recently!
In my view, if Thailand is not going to take a big step forward to reformation and redistribution of resources equally, social unrest will persists for a long period of time which in the long run people of Thailand will be the one devastated.
Subsequently, situation in Thailand has to be closely watched as UN and USA already urged all sides to exercise restraint that we will see the implication on the South East Asian in due course.
2010年4月8日 星期四
Geithner set for talks on Yuan during visit to China (transcript from BBC, UK on 08/04/2010)
'US Treasury Secretary Timothy Geithner is due in China for Talks with Vice-Premier Wang Qishan to discuss a long-running dispute over the Yuan.'
Without prejudice, the meeting between US & china on the dispute of devaluation/revaluation of Yuan would end up without fruitful result! The point is that China solely depending on export market as to expand their economic growth and sustain stability in their country, contrary to their import market which is relatively small to a limited percentage of population. In accordance with previous reports, it reveals that the gap between wealth and poverty becomes bigger and bigger also the Genni index reaches it's critical point. About 150-200 million peasants/workers are living below the UN standard of poverty threshold (US$1/day). I am highly skeptical that how could they strike the balance with those minority group who afford to spend when the export market becoming sluggish?
On the whole, if we put up with other prospect into considerations; such as social unrest; bureaucracy and red tapes; bribery and corruptions etc., we could hardly imagine that they allow the Yuan to revaluate, besides due to the global financial crisis still on the run, demand is obviously lower than supply (dut to the continuous mass production by China that causes oversupply). China has to press their currency at low level as to sell more products to the world otherwise they will be facing an economic downturn once Yuan is revaluated!
One chief economist from a government tahintank already speculated that China rather depeg the Yuan from the dollar instead of let them float.
Subsequently, the Yuan issue will be on the agenda next week when B. Obama meets with Hu Jintao in Washington next week. We will keep an eye on the outcome in due time!
Without prejudice, the meeting between US & china on the dispute of devaluation/revaluation of Yuan would end up without fruitful result! The point is that China solely depending on export market as to expand their economic growth and sustain stability in their country, contrary to their import market which is relatively small to a limited percentage of population. In accordance with previous reports, it reveals that the gap between wealth and poverty becomes bigger and bigger also the Genni index reaches it's critical point. About 150-200 million peasants/workers are living below the UN standard of poverty threshold (US$1/day). I am highly skeptical that how could they strike the balance with those minority group who afford to spend when the export market becoming sluggish?
On the whole, if we put up with other prospect into considerations; such as social unrest; bureaucracy and red tapes; bribery and corruptions etc., we could hardly imagine that they allow the Yuan to revaluate, besides due to the global financial crisis still on the run, demand is obviously lower than supply (dut to the continuous mass production by China that causes oversupply). China has to press their currency at low level as to sell more products to the world otherwise they will be facing an economic downturn once Yuan is revaluated!
One chief economist from a government tahintank already speculated that China rather depeg the Yuan from the dollar instead of let them float.
Subsequently, the Yuan issue will be on the agenda next week when B. Obama meets with Hu Jintao in Washington next week. We will keep an eye on the outcome in due time!
2010年4月1日 星期四
Taiwan and China discuss free trade deal (transcript from BBC, UK on 02/04/2010)
'Officials from China and Taiwan are meeting near Taipei for two days of talks on a controversial trade liberalisation agreement.'
The so called "ECFA' (Economic Co-operation Framework Agreement) has been put on the table between Taiwan and China for which Kuomingtang government designated to be signed up in June 2010!
In accordance with the regulations of WTO (World Trade Organization), if one signed up such kind of agreement with other nation independently; they are bound by the obligation of WTO to open their market completely within 10 years (target to zero tariff) to all members of WTO, if it is not fulfilled, one has to pay heavy penalty prior jurisdiction from WTO.
In my personal view, ECFA is just like Taiwan issuing a blank cheque to China as there is entirely no transparency during past discussion, Kuomingtang only revealed how beneficial Taiwan will be once ECFA is signed without mentioning the negative impact on Taiwan, up till now we only know Taiwan's "early harvest" list but contrary to that "early damage" list never prevailed.
To my understanding, if we signed up the controversial agreement with China, our small and medium enterprises, agricultural, poultry and fishery industries will be hard hit and tens of thousands of jobs would be lost as well as lots of enterprises gone out of business, only very few industries will be taking advantages out of such agreement which will be refinery, mining, IT etc. As far as I am concerned, if one have to sign up an important agreement such as this, one must have to be well prepared for bargaining with your chips with negotiating partner, on the contrary, we did not see any bargaining power from KMT during the procedure and only propaganda is pressing ahead as to persuade people of Taiwan to accept whatever terms China offers. One can judge clearly that if Taiwan and China both are members of WTO, why can't we discuss the whole matter under the framework of FTA (Free Trade Agreement)? That is the right way Taiwan should go under the track which avoid a lot of disputes that undermined the rights of Taiwanese. At the same token, China has been trying hard to stop other nations to sign up FTA with Taiwan right from the start but now turn around and urged us to sign up ECFA with them? I can be certain that it is politically motivated; i.e. China wants to use their economic power as their tools to push for reunifications; so as to enhance their pace and visualised their dream to gobble Taiwan and make us become part of China. I strongly opposed to such agreement to be signed without mandate from Taiwanese and support a referendum on this issue prior the matter being materialized.
The so called "ECFA' (Economic Co-operation Framework Agreement) has been put on the table between Taiwan and China for which Kuomingtang government designated to be signed up in June 2010!
In accordance with the regulations of WTO (World Trade Organization), if one signed up such kind of agreement with other nation independently; they are bound by the obligation of WTO to open their market completely within 10 years (target to zero tariff) to all members of WTO, if it is not fulfilled, one has to pay heavy penalty prior jurisdiction from WTO.
In my personal view, ECFA is just like Taiwan issuing a blank cheque to China as there is entirely no transparency during past discussion, Kuomingtang only revealed how beneficial Taiwan will be once ECFA is signed without mentioning the negative impact on Taiwan, up till now we only know Taiwan's "early harvest" list but contrary to that "early damage" list never prevailed.
To my understanding, if we signed up the controversial agreement with China, our small and medium enterprises, agricultural, poultry and fishery industries will be hard hit and tens of thousands of jobs would be lost as well as lots of enterprises gone out of business, only very few industries will be taking advantages out of such agreement which will be refinery, mining, IT etc. As far as I am concerned, if one have to sign up an important agreement such as this, one must have to be well prepared for bargaining with your chips with negotiating partner, on the contrary, we did not see any bargaining power from KMT during the procedure and only propaganda is pressing ahead as to persuade people of Taiwan to accept whatever terms China offers. One can judge clearly that if Taiwan and China both are members of WTO, why can't we discuss the whole matter under the framework of FTA (Free Trade Agreement)? That is the right way Taiwan should go under the track which avoid a lot of disputes that undermined the rights of Taiwanese. At the same token, China has been trying hard to stop other nations to sign up FTA with Taiwan right from the start but now turn around and urged us to sign up ECFA with them? I can be certain that it is politically motivated; i.e. China wants to use their economic power as their tools to push for reunifications; so as to enhance their pace and visualised their dream to gobble Taiwan and make us become part of China. I strongly opposed to such agreement to be signed without mandate from Taiwanese and support a referendum on this issue prior the matter being materialized.
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