Zippo Lighters last a lifetime and have a lifetime guarantee, so it’s not surprising that Zippo repairs 100,000 ancient lighters a year. But China makes 12 million fake “Rippos” a year, most bearing counterfeit Zippo trademarks, which find their ways to Zippo’s repair shops. This front page "A-head" in the WSJ is a parable about the metastization of China's galactic counterfeit industry across the global economy.
Of the 691,000 foreign students who enrolled in American universities in the 2009-2010 academic year, nearly 128,000 — or 18 percent — were Chinese. “Chinese students enrolling in U.S. colleges in record numbers” (Chicago Sun Times) March 27, http://www.suntimes.com/lifestyles/4266771-423/chinese-students-enrollin...
A Financial Times analysis sees renewed U.S. interest in Latin America, from President Obama’s visit to the urgent push a for free trade pacts with Colombia and Panama, as driven by China’s ever-growing presencein the region. China is now Columbia’s number two trading partner, and Brazil is alarmed that China’s cheap currency and low wages have hollowed out their manufacturing sector. (Financial Times) March 27, at http://www.ft.com/cms/s/0/9993ec80-586c-11e0-9b8a-00144feab49a.html
By John J. Tkacik Jr.
In a surprisingly uncharacteristic show of diplomatic backbone last month, the Obama administration sent an unwelcome message to Beijing: America will stand with Japan against China's unwarranted territorial claims on Okinawa's waters. The crisis began on Sept. 7, when Japan's coast guard arrested a Chinese fishing-boat captain who had deliberately rammed one of its vessels inside Japan's territorial waters in the Senkaku Islands, part of the Okinawa chain.
Tkacik says Taiwan to lose comparative advantage if it signs ECFA
China's industrial might
April 19, 2010, page A-14
The Rising Chinese Superpower
By John J. Tkacik, Jr.
Thank you Joan. The last time I spoke to you all here at the Dallas Public Affairs Luncheon Club was on January 16, 2006. Perhaps some of you here this afternoon remember me from four years ago -- I’m afraid that my presentation was pretty pessimistic. I confess, I had a number of skeptical -- if not hostile -- questions from you-all in the audience.
The perception of 44 percent of Americans that "China is already the world's top economic power," while modestly inaccurate, alas is not so "completely at odds with the facts," as Arthur Kroeber would have your readers believe ["Five myths about China's economy," Outlook, April 11]. In pure exchange rate terms, China's $5 trillion gross domestic product is about a third of America's $14 trillion economy. But as most economists would admit, China's renminbi currency is grossly undervalued.
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