Mr Jonathan Fenby, an author and co-founder of the research firm Trusted Sources, said: “People are used to growth and rising living standards … and the leadership has to convince them that slower growth is in their long-term interests and that it is in control.”
By the official measures, the Chinese economy is growing at 7 per cent, right in line with government targets. It is a steady pace that the leadership has indicated can support decent job growth and put more money into consumers’ pockets.
end partial quote from:
Yuan plunge hints at China’s distress over economy
The part about the Chinese government not being able to manage a slowdown actualy makes sense. Because many anti-government groups in the country (not just one but thousands) have only laid off the government because of rising fortunes. However, now they might attack the government or might have even caused this large explosion in revenge to the government. This blow could panic further an already panicked government.
Without some kind of democracy and honesty this problem might not be able to be managed by China. And this would be a problem not only for China but the whole world. IF you ride down the road and cover both eyes can you drive?
This is something like the problem China is dealing with now because often the right hand doesn't know what the left hand is doing because often they aren't in sync with each other.
Even in the U.S. with all the information feedback loops we have sometimes even we can't manage very well these kinds of situations that China finds itself in now.
So, this is really scary for the world potentially.
And of course there is the last possibility that is the most unpalatable of all that all this is a ruse for conducting Business warfare against the rest of the world. The Art of war does not just cover physical violence but also political intrique and subtle ways to subdue enemies or Frenemies.
The reduction in the value of the yuan is one way to wage business warfare with the world and to start a currency war between nations which might destabilize many countries in the short and long term.
If you have ever read "The Art of War" by Sun Tzu
begin one paragraph quote from wikipedia:
Sun Tzu (/ˈsuːnˈdzuː/;[2] also rendered as Sun Zi) was a Chinese military general, strategist, and philosopher who lived in the Spring and Autumn period of ancient China. The name he is best known by is actually an honorific which means "Master Sun": His birth name was Sun Wu and he was known outside of his family by his courtesy name Changqing. He is traditionally credited as the author of The Art of War, an extremely influential ancient Chinese book on military strategy. Sun Tzu has had a significant impact on Chinese and Asian history and culture, both as the author of The Art of War and as a legendary historical figure.
end partial quote from Sun Tzu from Wikipedia.
- In thirteen concise chapters of the Art of War, general Sun Tzu defines a sophisticated science in a deliberative manner, starting with a key assertion: "War is a ...
This quote I found quite interesting:
In conclusion
This book is not only standard reading for military theorists and many great generals throughout history but has also become increasingly popular among political leaders and those in business management.
end partial quote from:
the art of war summary - Sun Tzu, The Art of War.
- Life . The oldest available sources disagree as to where Sun Tzu was born. The Spring and Autumn Annals states that Sun Tzu was born in Qi while Sima Qian's later ...
- Military Related Sun Tzu Quotes, The Art of War Quotes. The Sun Tzu quotes are from “The Art of War”. Download or View the complete version of Art of War in PDF ...
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