'One of China's most influential newspapers, the official People's Daily, has called for workers' incomes to be raised.'
At the moment, China has been under pressure from USA regarding their problems on their currency. The People's Bank of China has announced last Friday on relaxation of the Yuan which allows the currency to be more flexible and revaluate at a moderate pace, however, China has ruled out to revaluate the Yuan on a much broder scale (to lift the currency in one go!). On the other hand, G-20 meeting will be held next month and China could be faced with more allegation from other EU countries on manipulating the Yuan as to sustain their exporting growth.
In accordance with the report from People's Daily, they called for a pay rise to workers which is not coincident. Due to the economic boom during the past years, inflation has escalated higher and higher which pushed up the living costs of Chinese people, so as the gap between rich and the poor becoming wider. As most worker's wages stayed at a low margin which hardly enable them to pay for their livelihood, it might triggered instability within the society.
As a result, it endangered Communist Party's power to run the country. The strike of Foxconn and Honda taken place recently is just a tip of the iceberg!
In my opinion, if the government of China is not take proper action to control the whole situation in the future, I am most concerned that China will be a time bomb which could explode and devastating the global economy as a whole.
2010年6月21日 星期一
2010年6月1日 星期二
US envoy pushes for progress as Israel and Palestinians stall on peace (transcript from Deutsche Welle, Germany on 01/06/2010)
'With the Israelis and Palestinians no closer to resuming direct discussions over a peace deal, US Middle East envoy George Mitchell steps up his efforts to bring the two sides to the negotiating table.'
This will be a tough mission for George Mitchell as indirect talks conducted by him would proved to be a failure. Division between tow sides is too great to bridge. Let me give some update on the dispute in connection with Israelis & Palestinians; during 1967 Israelis taken East Jerusalem and claimed to be their territory & capital whereas Palestinian also insisted it is their sacred land and capital of their nation. In 2007 Israelis has annexed Gaza strip whom Palestinian been settled, they also try to resettle their people into Gaza that devastated the strip and Palestinians almost been completely wiped out!
The latest dispute which been condemned by nations worldwide is that the flotilla (including 3 warships and 3 cargo ships) been raid by Israelis which killed 9 people on board (mostly Turkish) on Sunday midnight (30/05). In accordance to the report these ships has been loaded with 10,000 tonnes of aids to Gaza strip via sea which has been blocked by Israelis since end of 2008. A few ships is belonging to Turkey and on humanitarian mission. Nearly 600 people has been put into detention centre and 30 people wounded (has been treated in hospital). Israelis argued that the flotilla invaded into their boundary and they go on board trying to stop them whereas been attacked by activist with weapons on board, nevertheless, those on board claimed that they have no weapons whatsoever, contrary to that, they alleged that Israelis starts the provocation and used firearms to shoot at them as well as beaten them up. As a lot of citizens from relevant countries on board and involved, UN and the world condemned Israelis vicious act and demanded a comprehensive investigation into the incident. With all these complications, I am highly skeptical that US envoy could be successfully pushed for direct peace talk between two sides. The latest outcome on the aggravations is worthwhile to be closely observed!
This will be a tough mission for George Mitchell as indirect talks conducted by him would proved to be a failure. Division between tow sides is too great to bridge. Let me give some update on the dispute in connection with Israelis & Palestinians; during 1967 Israelis taken East Jerusalem and claimed to be their territory & capital whereas Palestinian also insisted it is their sacred land and capital of their nation. In 2007 Israelis has annexed Gaza strip whom Palestinian been settled, they also try to resettle their people into Gaza that devastated the strip and Palestinians almost been completely wiped out!
The latest dispute which been condemned by nations worldwide is that the flotilla (including 3 warships and 3 cargo ships) been raid by Israelis which killed 9 people on board (mostly Turkish) on Sunday midnight (30/05). In accordance to the report these ships has been loaded with 10,000 tonnes of aids to Gaza strip via sea which has been blocked by Israelis since end of 2008. A few ships is belonging to Turkey and on humanitarian mission. Nearly 600 people has been put into detention centre and 30 people wounded (has been treated in hospital). Israelis argued that the flotilla invaded into their boundary and they go on board trying to stop them whereas been attacked by activist with weapons on board, nevertheless, those on board claimed that they have no weapons whatsoever, contrary to that, they alleged that Israelis starts the provocation and used firearms to shoot at them as well as beaten them up. As a lot of citizens from relevant countries on board and involved, UN and the world condemned Israelis vicious act and demanded a comprehensive investigation into the incident. With all these complications, I am highly skeptical that US envoy could be successfully pushed for direct peace talk between two sides. The latest outcome on the aggravations is worthwhile to be closely observed!
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