China’s manufacturing contracted by the most on record last month as the global financial crisis cut demand for exports, a second survey showed. A government-backed survey released on Nov. 1 also showed a record contraction, adding to concern that the world’s fastest- growing economy may slump.
With export orders falling because of the global slowdown...
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Asia
Chinese Bubble Bursts
Class Division In North Korea
“Oblivious of rumours that famine is gathering again and that the state’s food-distribution system is breaking down, the country’s pampered elite went on a shopping spree at the Pyongyang Spring International Trade Fair, held on May 12th-15th. Originally designed to promote business-to-business contacts, the trade fair, along with a companion event in the autumn,...
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A Cyclone Of Debt
The recent cyclone in Burma is estimated to have killed 130,000 people in a few hours but this being capitalism the long term effect of this natural disaster has become a social disaster for thousands of the survivors. Take the case of Daw Aye as reported in The Times (31 May).
“There was the disaster...
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30,000 Dispossessed Die In Cyclone
The 22,000 confirmed dead and 41,000 reported missing that followed the cyclone that struck Myanmar, formerly Burma, on Saturday, revealed a tragedy of unspeakable horror, yielding nauseating stories of impossibly strong winds, damage to life and property wrought by falling trees and, as though that were not enough, the main culprit, a 12-foot high...
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Nepal Elections: Waskowy Maowists Win! – UPDATED!
Ah, Maoists.. They always claim they are more clever than us “arm-chair” types (their term). They are always swimming with the people, or against the current, but never pissing in the pool or skipping down the capitalist road.
And after years of political defeats and military victories, Maoists have taken control of Nepal.
Glorious Nepal,...
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What’s China’s game?
An interesting take-over battle is now taking place in the world mining industry. Towards the end of last year, BHP Billiton, the world’s largest mining company, made a bid to take over Rio Tinto, the world’s second largest mining company. According to the Times of London (5 February) a BHP-Rio merger
“would create the world’s...
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Capitalism – Chinese Style
The 17th Congress of the Chinese ‘Communist’ Party was held back in October. It was five years since the previous one, so this is clearly not a decision-making body that determines how the party — and therefore the country — should be run. Rather it’s a rubber-stamp gathering that endorses what the CCP’s power-holders...
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A man labours in hell.
“A man labours in hell.” So opens an article on the work of artist Darren Almond (Guardian Weekly, 25 January), referring to his video about workers who extract sulphur from the Kawah Ijen volcano in eastern Java.
Imagine the scene. We are standing on the inner slope of the volcano’s crater. Below lies a spectacular...
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Letter from Pakistan
A socialist from Pakistan writes: I am writing to inform you that the Swat district where I live and work has seen a wave of terror and militancy over the last few weeks. The militants claiming to be the local Taliban have captured major towns in the scenic Swat valley and hoisted their flags...
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Burma and “democracy”
Burma (or Myanmar as the present rulers want it to be called) is, and has been since 1962, a military dictatorship, one which even has had the cheek to claim to be socialist....
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