China’s cities filled with proverbial corpses of the rotting "bike share" industry


Image: China’s cities filled with proverbial corpses of the rotting “bike share” industry

(Natural News)
The mass transfer of wealth from Western nations like the United States to developing ones like China has spurred enormous economic growth in the world’s second largest economy. But with this growth has come a whole lot of needless waste, thanks in large part to its failed socialist policies.

The so-called “sharing” economy in China is going bust, at least with regards to the rental bicycle industry. Reports indicate that bike-share companies were so eager to turn a profit that they manufactured and released too many bikes far too soon. As a result, there is now a glut of damaged, abandoned bicycles littering the Chinese landscape.

It was a good idea, but it wasn’t properly planned out based on the tenets of supply and demand. That’s because China has historically been a communist country, having only recently converted to a form of socialism that, in many ways, resembles the path the United States seems to be going down with its own adoption of a product-sharing economy.

In China, companies released so many millions of bicycles without proper infrastructure and even people to ride them that they now sit in large piles all across the Asian landscape. Cities have been impounding these bikes by the thousands, as they’re constantly being found alongside roadways, in bushes, and around buildings.

Just two days after China’s third largest bike sharing company went under, a photographer from the south-eastern city of Xiamen went and took photos of thousands of bicycles that had been “laid to rest” – the proverbial corpses of a socialist pipe dream gone belly-up.

Sponsored solution from the Health Ranger Store: The Big Berkey water filter removes almost 100% of all contaminants using only the power of gravity (no electricity needed, works completely off-grid). Widely consider the ultimate “survival” water filter, the Big Berkey is made of stainless steel and has been laboratory verified for high-efficiency removal of heavy metals by CWC Labs, with tests personally conducted by Mike Adams. Explore more here.

In a letter that was released publicly, the chief executive of Bluegogo, a now-defunct bike-sharing company, admitted that he made plenty of mistakes along the way because he was “filled with arrogance.” Failing to perform due diligence in conducting proper market research was one fatal error, as was not considering the long-term consequences of not actually having docks for the rental bikes to be parked when not in use.

Sharing economies only work when supply is allowed to naturally meet demand

In Shanghai alone, there are some 1.5 million shared bicycles on the streets, which is more than 136 times the number of shared bicycles on the streets of London, a city that’s one-third the size of Shanghai.

This huge disparity illustrates why Shanghai and other cities throughout China are having so much trouble with the program. There are simply far too many bicycles around and not enough people to ride them – not to mention the fact that many of these cities lack the pathways and other infrastructure to sustain millions of moving cyclists.

It’s a problem that, in some ways, is similarly afflicting programs like Uber and Airbnb. In many cities, there are far more drivers and homes available for share than there are people to share them, which is dramatically cutting into some users’ profits.

Another problem is share-economy fraud, one example being Uber drivers who game the system by coordinating with other drivers to trick the system’s algorithms into thinking that there’s a shortage of drivers.

When this happens, Uber’s driver shortage function automatically kicks in, charging passengers a premium fee whenever they use the service. There are apparently other ways that Uber drivers are tricking Uber itself into paying them more per ride, which has no impact on the price that passengers pay.

While sharing economies seem to be the future of a post-collapse society, they don’t come without their downfalls. And in China, this is translating into massive bicycle graveyards and a whole lot of material waste.

At some point, the system seems doomed to failure. To keep up with the latest, visit DebtCollapse.news.

Sources for this article include:

TheAtlantic.com

TheGuardian.com

INC.com

NaturalNews.com

<!–

–>

Source Article from http://www.naturalnews.com/2018-04-22-china-filled-with-proverbial-corpses-of-rotting-bike-share-industry.html

China no longer accepting the world’s trash

garbage dump site in Jinan, Shandong province, China

    

China, the world’s largest importer of waste, has extended the ban on imports of unsorted paper, some plastics, and dozens of other types of recyclable materials.

The blacklist, containing 24 varieties of solid waste, was introduced by the Chinese government in 2017. Beijing said at the time that it no longer wanted to take in other countries’ garbage, so it could focus on its own pollution problems.

It’s now adding 32 more types of waste to the blacklist, such as steel waste, used auto parts, and old ships.

“The new restrictions, just like the old restrictions, are poorly considered measures that will worsen the global environment and China’s competitiveness,” Adam Minter, author of Junkyard Planet: Travels in the Billion Dollar Trash Trade, told CNN Money.

According to Minter, the measures create a new headache for countries that depend on China to recycle their waste. They’re still struggling to adjust to the ban announced last year and will need years to expand their own facilities, he said.

The move has already thrown the global recycling industry into turmoil, as waste piles up in developed countries, with nowhere to send it.

Earlier this week, a city in the Australian state of Queensland said it would start burying its mounting stockpiles of recyclable waste in a landfill.

The US Institute of Scrap Recycling Industries said the measures announced this week will impact about $400 million in scrap exports from the United States to China.

“We remain concerned about the effect these policies have on the global supply chain of environmentally-friendly, energy-saving scrap commodities,” said the institute’s president, Robin Wiener.

The measures could cut Chinese manufacturers off from a cheap source of metals like nickel, according to Minter. “That move will raise manufacturing costs in China and will be passed along to consumers.”

China has been importing billions of dollars of foreign garbage every year, so the companies relying on that trade will have to adapt to the new rules.

Source Article from https://www.sott.net/article/383476-China-no-longer-accepting-the-worlds-trash

China voices support for Russia on Syria, holds naval drills against USA

Home » Asia, Wars / Conflicts » China voices support for Russia on Syria, holds naval drills against USA



 


Following a massive missile attack launched by the US and its allies against Syria, it appears that Beijing is moving to make its opinion on the matter known via a show of strength in the Pacific.

One of the key goals of the upcoming Chinese naval drills scheduled to be held in the Taiwan Strait is a show of support for Russia over the latter’s standoff against the United States in Syria, the South China Morning Post reported citing a source “close to the PLA.”

“[US President] Donald Trump’s warning of military attacks on Syrian forces was a bit of a surprise for Beijing and Moscow … As Russia’s strategic partner, Beijing is trying to cause some well-timed and controlled trouble for the US, a drill in the Taiwan Strait being the most plausible option that will benefit both Xi and his Russian counterpart, Vladimir Putin,” the source said.

Earlier, a large number of Chinese warships led by the Liaoning aircraft carrier had engaged in a series of live-fire military exercises in the South China Sea.

China Military, a newspaper linked to the People’s Liberation Army, reported that 48 warships, 76 fighter aircraft and more than 10,000 PLA Navy personnel participated in the exercises.

Source











RELATED ARTICLES


Did you like this information? Then please consider making a donation or subscribing to our Newsletter.













Leave a Reply











Source Article from http://feedproxy.google.com/~r/TheEuropeanUnionTimes/~3/ojR9IPZIPeM/

China Is Nationalizing Its Tech Sector






China Is Nationalizing Its Tech Sector


April 14th, 2018

Via: Bloomberg:

As Bloomberg News reported this week, a key stumbling block in trade negotiations between China and the U.S. has been Beijing’s extensive support for its technology firms. But if President Donald Trump’s administration thinks that will change any time soon, it hasn’t been paying attention: Far from reducing support for the tech sector, China is on the verge of nationalizing it.















<!–

–>











<!– AD CAN GO HERE

Buy gold online - quickly, safely and at low prices

END: AD CAN GO HERE –>

Leave a Reply


You must be logged in to post a comment.







Source Article from http://www.cryptogon.com/?p=52646

China condemns US-led airstrikes in Syria, calls for restraint and dialogue

Home » Asia, Breaking News, Criticism, North America, Wars / Conflicts » China condemns US-led airstrikes in Syria, calls for restraint and dialogue



 


China opposes military action in Syria and instead urges diplomacy to solve the political crisis, according to a foreign ministry response in the wake of US-led airstrikes.

US, UK and French jets launched airstrikes on Syria early Saturday after accusations that forces commanded by President Bashar Assad carried out a chemical attack in Douma last week. The Syrian government has denied using such weapons.

In an effort to diffuse the ongoing crisis, China’s Foreign Ministry has called for roundtable talks and an impartial investigation into the Douma incident. China, which last week warned against military intervention in Syria, also labelled Saturday’s airstrikes a violation of international law.

The ministry added that officials based in their Syrian Embassy in Damascus were unharmed during the early morning bombings.

“As always, we oppose the use of force in international relations and call for respect for other countries’ sovereignty, independence and territorial integrity. Any unilateral military action bypassing the Security Council runs contrary to the purpose and principles of the UN charter and violates the principles of international law… and will further complicate the Syrian issue,” a spokesperson for the Chinese government said.

“China urges the relevant parties to return to the framework of international law and resolve the issue through dialogue and negotiation,” they added. “China believes that political settlement is the only viable way out for the Syrian issue.”

The airstrikes launched just hours before the UN Organisation for the Prohibition of Chemical Weapons was due to deploy to Douma to investigate reports of a chemical attack.

On Friday evening, after Trump announced strikes on Syria, the White House said it had “assessed with confidence” that Damascus was behind the alleged gas attack in Douma, using information gleaned on social media and “reliable intelligence.”

Source











RELATED ARTICLES


Did you like this information? Then please consider making a donation or subscribing to our Newsletter.













Leave a Reply











Source Article from http://feedproxy.google.com/~r/TheEuropeanUnionTimes/~3/y030znCY01g/

China readying Social Credit System where citizens receive scores based on their online obedience to the state


Image: China readying Social Credit System where citizens receive scores based on their online obedience to the state

(Natural News)
China is planning to implement a system wherein its citizens will be ranked and given ratings based on a certain set of specified criteria, like social media activity and online obedience to the state. The system, called the Social Credit System, is said to be in place for a country-wide launch some time in 2020. Some Chinese citizens don’t seem to be bothered by it at all, but many have expressed staunch opposition.

[Editor’s note: The U.S. deep state uses China as a “proving grounds” for police state surveillance and tracking systems that will be deployed in the United States. Read this story carefully, because it describes exactly what’s coming soon to America… and in fact is already under way via the censorship / obedience tactics of Google, Facebook, YouTube and Twitter.]

Right now, Chinese citizens are already subjected to country-wide surveillance systems and censorship schemes run by the government itself, and many people across the world have called these acts inhumane and highly unethical. Yet China keeps outperforming basically everyone in matters of technological innovation, and it remains a hub of high-tech inventions.

The Social Credit System, according to online reports, will be a government-imposed “citizen score” that can be used to measure your worth to employers, private institutions, and even other individuals. It is said that it could be used by hiring managers to decide whether or not to offer you a job, or by banks to decide whether or not you should be given a loan.

The vast amount of data needed to make this kind of system a success is already available – in large quantities – thanks to China’s thriving digital economy. According to James Gautrey, a technologist who works at the investment manager Schroders, the existence of services like WeChat can only help to turn this vision of the future into a reality. “WeChat has a billion users,” he said. “So by capturing its data, the government can see what all those people are thinking and doing. It’s a dream for them.”(Related: Real life sci-fi: Minority Report-style security system in China called “Dragonfly Eye” uses AI to identify criminals using a massive facial recognition database.)

Get more news like this without being censored: Get the Natural News app for your mobile devices. Enjoy uncensored news, lab test results, videos, podcasts and more. Bypass all the unfair censorship by Google, Facebook, YouTube and Twitter. Get your daily news and videos directly from the source! Download here.

Indeed, the existing surveillance and censorship systems in the country might play a huge role in the completion of the forthcoming Social Credit System. And as for the Chinese citizens themselves, they evidently don’t seem to mind.

A recent survey conducted on Chinese consumers, conducted by Dentsu Aegis, reportedly showed that there is enough trust in the government to implement such a system successfully and without worry. Based on the official survey results, 70 percent of the participants – of which there were 20,000 – believe that it will have a positive impact on society.

Francis Lam, the head of technology and innovation at marketing agency Iscobar China, believes that the reason for this is quite clear. “Digital services gives us more freedom and make lots of things more convenient,” he said. “They help us enjoy life even more.” And so, he thinks it is far more likely for the Chinese to embrace the Social Credit System instead of fighting against it.

It also ties in to the country’s current culture of innovation “Chinese technology companies are no longer just copycats,” explained Lam. “People feel proud of the advances made and of how they affect our status in a global sense. So they are willing to try anything new.”

With all of that said, the implementation of such a system can still be quite dangerous. It is exclusionary by design, and may end up harming the lives of millions of individuals if they don’t conform to what the prescribed “online behavior” should be according to the government. Such a system is unprecedented, so it would be difficult to predict exactly how it will affect the economy and society at large. But it is sure to crush any remaining last hope of freedom for the citizens of China, who already live under the cruel thumb of communism.

Read more about systems that make use of people’s personal data in PrivacyWatch.news.

Sources include:

BBC.com

Independent.co.uk

<!–

–>

Source Article from http://www.naturalnews.com/2018-04-14-china-readying-social-credit-system-where-citizens-receive-scores-based-on-their-online-obedience.html

China Sending Plants, Insects to the Moon






China Sending Plants, Insects to the Moon


April 13th, 2018

Via: Quartz:

Almost half a century ago, the first human landed on the moon, marking “a giant leap for mankind.� This year, China is sending seeds of plants and insects there.

Seeds of potatoes and arabidopsis—a small flowering plant belonging to the mustard family—along with silkworm cocoons, will hitch a ride with the Chang’e-4 lander and rover on China’s first probe to the far side of the moon in December. China hopes to create a “mini lunar biosphere� as part of its research for building a lunar base and even the possibility of long-term residence on the moon.

The plants and insects, contained in an 18-cm-tall (7 inches) bucket-like tin with air, water, and soil, will create an ecological system. A tube inside the tin will direct natural light from the moon for photosynthesis, and the plants will then emit oxygen which feeds the silkworms once they hatch. The insects will then create carbon dioxide and waste, which in turn aids the plants’ growth, according to scientists at Chongqing University who are leading the project. The team hopes to live broadcast (link in Chinese) the progress of the organisms.

The team said that they chose the potato because it could become a major food source for space travel, while the relatively short growth period of arabidopsis makes it convenient for observation.















<!–

–>











<!– AD CAN GO HERE

Buy gold online - quickly, safely and at low prices

END: AD CAN GO HERE –>

Leave a Reply


You must be logged in to post a comment.







Source Article from http://www.cryptogon.com/?p=52642

Russia & China gradually ditching US dollar in favor of domestic currencies as trade booms

China is Russia’s largest trading partner, accounting for 15 percent of Russian international trade last year. In January 2018, it grew to 17.2 percent. Germany, which holds second place among Russia’s trade partners, has a share of about eight percent.

Last year, bilateral trade between Russia and China increased by 31.5 percent, reaching $87 billion. This year, it is expected to reach $100 billion, the Russian Economic Development Ministry told RT.

As trade grows, Russia and China are also promoting settlements in ruble and yuan, bypassing the US dollar and other Western currencies. “It makes it possible to reduce the dependence on the influence of third countries,” the Russian Central Bank told RT.

According to the Russian regulator, both Russian and Chinese companies are willing to pay in ruble and renminbi, and this can be proven by real numbers. Last year, nine percent of payments for supplies from Russia to China were made in rubles; Russian companies paid 15 percent of Chinese imports in the renminbi. Just three years ago, the numbers were two and nine percent, respectively.

Direct payments in the ruble-yuan pair do not imply the participation of American, British, or EU banks. This significantly reduces the control of the West from ongoing transactions, and makes the trade turnover between Russia and China independent. Moreover, such payments can be made without SWIFT through the China International Payments System (CIPS).

The Moscow Exchange also highlights the growing interest in the ruble-yuan pair. “Since the launch of trading of the currency pair in 2010, the total volume of transactions with the yuan has exceeded 2.7 trillion rubles (around $45 billion),” spokesman for the exchange Igor Marich told RT.

Marich added that more than 170 Russian banks and brokerage companies from different regions of the country are making deals with the yuan at the Moscow Exchange. China is represented by its financial giants – the Bank of China, ICBC, China Construction Bank and Agricultural Bank of China. The ruble-yuan exchange rate is calculated without the participation of the US dollar, and is based on investor demand, he said.

For more stories on economy & finance visit RT’s business section

Source Article from https://www.rt.com/business/423930-russia-china-dollar-trade/?utm_source=rss&utm_medium=rss&utm_campaign=RSS