September 14, 2005

You are on the invidual archive page of Daily linklets 14th September. Click Simon World weblog for the main page.
Daily linklets 14th September
  • Irrational exuberance in a Chinese perspective.
  • ESWN, the recent victim of misattibution by the plagarism-prone China Daily, explains why he doesn't care who gets the credit.
  • China's labour shortages are spreading inland.
  • "Horse farts" in China.
  • Caleb explains what you should not being doing with your life.
  • China's WTO implementation efforts.
  • The uproar over the charging of 2 Singaporean bloggers with sedition for racist comments continues unabated. Singapore Angle has great coverage: part 1, part 2, part 3. It returns to a question that continues cropping up for bloggers - they are subject to their local laws, even if they are on the internet. An easy rule of thumb is if you wouldn't publish it in a newspaper, don't put it on a blog.
  • Today's must read is Eswar Prasad's Next Steps for China in the IMF's magazine which argues that broader financial sector reform is crucial for China's long term growth (via New Economist). I've previously looked at studies of China's progress against poverty as part of its economic development. One of the conclusions was the much of China's early rapid growth has come from the "low-hanging fruit" (i.e. easy pickings) such as de-collectivisation, the institution of partial property rights and giving individuals responsibility. China is entering the next phase of its development - the harder yards of making a working market economy where price matters more than connections. The Government has already bailed out its banks once with huge recapitalisation efforts, yet there are fears that the non-performing loan pipeline is rapidly growing again. Until loans are made and priced on credit risk, the cycle will continue and China will quickly find itself at a growth bottleneck or worse...just as Japan has faced for 15 years.
  • I'm pleased to note Mark Anthony Jones has taken my advice and started a blog: Flowing Waters Never Stale.
posted by Simon on 09.14.05 at 04:33 PM in the Daily linklets category.


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For the sedition case, the URL for part 1 should be:-

and for part 2 it is:-

posted by: Letters from China on 09.14.05 at 05:08 PM [permalink]

Thanks, I've fixed them up.

posted by: Simon on 09.14.05 at 05:17 PM [permalink]

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