Wandering China

An East/West pulse of China's fourth rise from down under.

Shifting power balance sees China, Japan dig deep to save the West [the Australian]

Greetings, am still wandering through Europe getting a feel of the impact (sometimes, the lack of) of China in this region. Internet access has been intermittent as I travel through the countryside. More regular updates to come when I return. In the meantime…

A view from Australia: Shift in the global balance of power tilting east or will this be an Asian century of footing the bill for debts it did not ‘directly’ incur? The way this article is phrased suggests it also means footing the bills with little equivalent exchange in return. Will paying for someone else’s bad habits become the new norm in this new landscape of sharing a boat of interdependence and integration? Perhaps this shift is purely perceptual.

…in a sign that Europe is nearing the end of its tolerance for “helpful” suggestions from outsiders, European Commission president Jose Manuel Barroso told the G20 that the EU was not the cause of the current crisis and won’t be “lectured” by anyone.

“Frankly, we are not coming here to receive lessons in terms of democracy or in terms of how to handle the economy,” Barroso said.

– – –

Shifting power balance sees China, Japan dig deep to save the West
BY: RICHARD GLUYAS
Source: The Australian, published June 20, 2012

THE arrival of the Asian century has been underscored with news that China will kick in $US43 billion ($42.4bn) to the International Monetary Fund’s global firewall.

China’s commitment, which is the third largest after Japan ($US60bn) and Germany ($US54.7bn), compares with a weighty contribution from the mighty US — zero.

The US is clearly wrestling with its own problems, and a donation to Europe’s begging bowl would be political poison in an election year. Even so, the latest commitments to the new $US430bn fund, which were announced during the G20 summit in Mexico, highlight the anomaly of the US and Europe controlling key global institutions such as the IMF and the World Bank, when the centre of economic power is tilting east. Read the rest of this entry »

Advertisements

Filed under: Australia, Beijing Consensus, Chen Wenling, Chinese Model, Economics, Europe, European Union, Finance, Foreign aid, IMF, Influence, Peaceful Development, Politics, Public Diplomacy, Soft Power, The Australian, The Chinese Identity

Amazing Bull Fart Sculpture – “What You see Might Not Be Real” [The Design Inspiration]

Impactful artwork I found off ‘The Design Inspiration‘ website – A Bernard Madoff-inspired piece that was designed to take a dig at the global financial crisis in ’09 by Xiamen-born Chinese sculptor Chen Wenling. Cultural note – “in Chinese slang, to fart mean (sic) to bluff or lie”.

– – –

Amazing Bull Fart Sculpture by Chen Wenling
Source – The Design Inspiration, published 31 March 2010

This is the work named “What You see Might Not Be Real” and displayed in a latest art exhibition in a Beijing art gallery. Chinese artist Chen Wenling made it to dig at the global financial crisis. The strong and farting bull represents Wall Street (in Chinese slang, to fart mean to bluff or lie). And the man being shoved into the wall is Bernard Madoff who was sentenced to 150 years in prison because of Ponzi schemer.

Photo - The Design Inspiration website

Photo - The Design Inspiration website

Photo - The Design Inspiration website

Photo - The Design Inspiration website

Filed under: Art, Chen Wenling, Culture, Economics, Finance, Soft Power

Follow me on Twitter

Archives

Calendar

September 2017
M T W T F S S
« Jan    
 123
45678910
11121314151617
18192021222324
252627282930  

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 2,575 other followers

East/West headlines of Rising China

East/West headlines of Rising China

About Wandering China

Click to find out more about this project

Support //WC

Support Wandering China now - buy a Tee Shirt!

Be a champ - Support Wandering China - buy a Tee Shirt!

The East Wind Wave

China in images and infographics, by Wandering China

China in images and Infographics, by Wandering China

Wandering China: Facing west

Please click to access video

Travels in China's northwest and southwest

Wandering Taiwan

Wandering Taiwan: reflections of my travels in the democratic Republic of China

Wandering China, Resounding Deng Slideshow

Click here to view the Wandering China, Resounding Deng Slideshow

Slideshow reflection on Deng Xiaoping's UN General Assembly speech in 1974. Based on photos of my travels in China 2011.

East Asia Geographic Timelapse

Click here to view the East Asia Geographic Timelapse

A collaboration with my brother: Comparing East Asia's rural and urban landscapes through time-lapse photography.

Wandering Planets

Creative Commons License
Wandering China by Bob Tan is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Based on a work at Wanderingchina.org. Thank you for visiting //
web stats

Flag Counter

free counters
Online Marketing
Add blog to our directory.