Posts Tagged ‘China’

Labour needs a global vision when it comes to jobs

by Jenny Clegg.

Tom Watson, in a recent speech at the Cooperative Conference to launch his new Future of Work Commission, suggested that it is imperative for Labour to keep an open mind about Trump.  In doing so he seems to have taken on board some of the anti-globalisation sentiment of America’s protectionists, setting the Commission off on […]

This Chinese nuclear deal is unsustainable and costly

by Phil Burton-Cartledge.

Had Labour done it, the Tories would be screaming bloody murder. I am, of course, talking about the deal with the Chinese to build two nuclear power stations. If the Tories really were standing up for Britain, from a national security perspective it beggars belief that key national infrastructure be handed over to a power […]

Global economic crisis: has Labour dodged a bullet?

by Ann Pettifor.

While Labour and LibDem activists mourn, and political opportunists seize the moment, is the loss of the election such a bad thing? Might this be a good time to lose an election? I think so. The reasons can be found in both domestic and global financial imbalances, in the advance of de-globalisation trends that are […]

Tectonic plates shifting in world power structure are signs of a new world order

by Michael Meacher.

Something has just happened which got hardly any attention in the media, but which is very important. The recent setting up by China of the Asian Infrastructure Investment Bank may not seem likely to excite the passions, but it should. For this is clearly an intention by the big Asian powers to challenge the World […]

International support rolls in for workers striking for democracy in Hong Kong

by Jon Lansman.

The call for a general strike in support of the democracy movement by the Hong Kong Confederation of Trade Unions (HKCTU) – the only independent union in China – has attracted widespread international support. The Swire Beverages (Coca-Cola) union and the HKCTU unions of  school teachers and dockers were striking on Monday after mass civil disobedience actions had […]

China to overtake US economy by 2015: trying to learn from what works

by Michael Burke.

Facts can be a very severe judge. Either economic structures, the models used to explain them and economic policies work, or they don’t. The factual verdict alone can determine who was right, what was successful, what economic system works best. The chart below is reproduced from The Economist. It shows the change in the IMF’s […]

Selling pig semen to China is hardly the stuff of a great economic revival

by Michael Meacher.

There is something pitiful and desperate about, first, Osborne and Johnson, and then Cameron flying off to China to beg them on bended knee to come and invest in Britain with every incentive laid on and every regulation pushed sideways if it gets in the way. As a result the Chinese are now wheeled in […]

Islamic bonds and foreign state investment in UK, but still no UK public investment

by Michael Meacher.

Osborne is today unveiling a £200m Islamic bond or ‘sukuk’ to try to make the City of London the leading player in the sharia-compliant finance industry, which is estimated to be worth $1 trillion globally.’ He has made clear he wants to make the City the base for Chinese banks and a global hub for […]

Who trusts Cameron to keep the lights on?

by Mark Seddon.

So Britain’s first major nuclear power station construction in a generation – at Hinckley – is to come courtesy of the French state owned EDF energy company and Chinese state owned interests. In return for providing up to 7% of Britain’s energy needs, the French and Chinese will be guaranteed fixed rate electricity price deals, […]

George Osborne and ruling class decadence

by Phil Burton-Cartledge.

If you think this is about the chancellor’s youthful larks with Natalie Rowe, you will surely be disappointed. What’s more important – and far more damaging – from the standpoint of British capital is his current game of footsie with the Chinese Communist Party. The very notion that not only is he letting the Chinese […]

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