Huwebes, Hunyo 25, 2015

China to do a Falkland after economy's tailspin?

By Mortz C. Ortigoza

According to renowned stock exchange expert’s BlackRock the fall of the Chinese stock market is inevitable despite Chinese President Xi Jinping government rallying the market through central bank’s rate cuts, tweaking margin-trading rules, slowing the pace of initial public offerings, and taking up share prices.
 Argentinian  U.S made A-4B Skyhawk jets incredible low level attack on  the British
 HMS Broadsword and Coventry

But this would be short lived. 
"The tide is going to go out, and there’s going to be a lot of people without their swimming trunks on," strategist Ewen Cameron Watt of BlackRock told Bloomberg Television, borrowing from Warren Buffett's observation about investors caught swimming naked when markets get shaky.
Some of the factors, economists see, on the plunge of the Chinese economy are anchored to its U.S $28 trillion of public and private debt and its unprecedented $363 billion of margin debt that's supporting those shares.
Demand of steel among Chinese manufacturers and building makers are collapsing because many investors shifted their shops to labour cheap Vietnam and Cambodia.
The decline from the ballyhooed double digit growth in the past decades to a single digit and declining, 7%, of China’s Gross Domestic Product undermined the fate of the Chinese workers.
With a slowing economy feared to be gobbled by an explosion of a stock bubble, are the Chinese bracing for the worst?
In case economic hardship caught with the Sinos, would the Chinese Communist Party (CCP) starts a shooting war in the South China Sea (SCS) versus the United States, Japan, Australia, and some members of the South East Asean Nations to divert the attention of its people who would rise up and probably replaced the apparatchiks at the CCP?
 Nánshā or the Spratly Islands spark a patriotic cord to the Chinese whenever foreign powers claim ownership to them.
This scenario had happened with the military Junta in Argentina in April 2, 1981 when it was losing a popular support from the masses who protested in the streets the government because of the country’s devastating economic stagnation and patent human rights violations of the military brass.

Q & A: ICAPP Chair on South China Sea’s row: Suspend Sovereignty

Recently, political columnist Mortz C. Ortigoza of Northern Watch interviewed former Philippines 5-Time Speaker Jose de Venecia on the pressing issues that caused jittery to the world on the aggressive reclamation and arbitrary possession of islands and reefs by Mainland China being claimed too by other countries at the South China Sea (SCS). De Venecia, known as a political connoisseur, is the founding chairman and co-chairman of the International Conference of Asian, Political Parties (ICAPP). Excerpts:

NORTHERN WATCH (NW): In the book of Bill Hayton’s South China Sea you mentioned at the 3rd Congress of the International Conference of Political Parties in Beijing in 2004 that “we should not allow regional differences” on the problems in the Spratly Islands.
It mentioned there that at your behest the Department of Energy under Undersecretary Eduardo Manalac signed with Mainland China a joint maritime seismic undertaking.
In case you became the Prime Minister on that time, do you think this crisis at the Spratly and Scarborough Shoals between China and the Philippines would not happen?

JOSE DE VENECIA (JDV): We signed it already (chuckle). We signed already on the agreement and we had peace of normalcy on the South China Sea for three or four years!


VIDEO: PH 5-time House Speaker and political connoisseur Joe de Venecia on South China Sea, China alienating U.S, Japan, Philippines, Grace Poe as favorite Ph presidential bet, Rod Duterte as real package to salvage PH as economic basket case, etc. INTERVIEWER: PROF. MORTZ ORTIGOZA, Political Columnist.

NW: But if you are still with the government now do you think these brouhahas on the SCS would still be happening?
JDV: Well, first we should revived the agreement, continue with the seismic agreement, preparatory drilling of the hydro carbon potential there. And then after that even before that we agree on the equitable project sharing. “Philippines this is your share, China this is your share, Vietnam this is your share, Malaysia you’re farther away, Brunei you’re father away this is your share. Everybody agrees together with Taiwan - okay, let’s start drilling. During the time of drilling, we’ll invite the Americans to drill for us. We invite the Europeans to drill for us, or we can ask the Chinese, because they have so many oil rigs and some of the largest rigs in Asia and the world will ask China, you do conduct the drilling for us. So aside from your share and the hydro carbon, you will get another specific fee for the drilling the wells, which we will be paying anyhow to the Europeans or to the Americans.
NW: Like the German, Norwegian, and the British formula at Ecofisk in the North Seas?