Cosmos Times:China

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Mega Default In China Scheduled For January 31 - January 19, 2014

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"China’s growth since the end of 2008 has been dependent on ultra-loose credit first channeled through state banks..."
"Observers make the logical argument that “to have a market meltdown, you have to have a market” and China does not have one. Instead, Beijing technocrats dictate outcomes."
"That’s correct, but that is also why China is now heading to catastrophic failure. Because Chinese leaders have the power to prevent corrections, they do so. Because they do so, the underlying imbalances become larger."

China cloning on an 'industrial scale' - January 14, 2014

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China is on a trajectory that will see it emerging as a giant of science: it has a robotic rover on the Moon, it holds the honour of having the world's fastest supercomputer and BGI offers a glimpse of what industrial scale could bring to the future of biology.
Run by a fast-growing company called BGI, this facility has become the world's largest centre for the cloning of pigs.
The technology involved is not particularly novel - but what is new is the application of mass production.
The first shed contains 90 animals in two long rows. They look perfectly normal, as one would expect, but each of them is carrying cloned embryos. Many are clones themselves. This place produces an astonishing 500 cloned pigs a year: China is exploiting science on an industrial scale.

China Conducts First Test of New Ultra-High Speed Missile Vehicle - January 13, 2014

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China’s military last week conducted the first flight test of a new ultra-high speed missile vehicle aimed at delivering warheads through U.S. missile defenses, Pentagon officials said.
The United States, Russia, and China are all engaged in a hypersonic arms race. All three nations are developing high-speed aerospace vehicles. India is also developing a hypersonic variant of its BrahMos cruise missile.
Hypersonic weapons use cutting edge technology for flying and maneuvering at ultra-high speeds in space and air. Future weapons will include powered and unpowered hypersonic vehicles fired from the last stages of ICBMs and submarine missiles, and from the bomb-bays of strategic bombers. Hypersonic cruise missiles and surveillance drones also are expected.

Retracing Mao Zedong's Long March—by Motorcycle - January 10, 2014

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Today, the Long March is the closest thing the People’s Republic has to a national creation myth. It was during this trek that Mao solidified his position in the Communist Party leadership, and to this day, in a nod to symbolism, Chinese leaders often announce new policies from key sites along the famous route. For decades, the Long March has been a critical element of the Communist propaganda narrative, providing the Party with a veneer of ruggedness and frugality at a time when its top leaders have become a pampered elite.

China's Neo-Confucianism - January 7, 2014

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Given the text's emphasis on obedience, it's not hard to understand why the ruling Communist Party has come to embrace Dizigui in spite of its tumultuous relationship with Confucianism. (During the Cultural Revolution, a violent and turbulent period from 1966 to 1976 aimed at stamping out vestiges of Chinese "feudal" culture, Mao Zedong fiercely denounced the Confucian belief system.) But by 2009, Xi Jinping, then expected to be China's next president, specifically named the text as recommended reading for party cadres. A professor at the Central Communist Party School, which trains Chinese officials, wrote a book called Everybody Should Study Dizigui, and party organizations in far-flung corners of the country have convened study sessions on the text.