Posted on 01/15/2011 8:30:30 AM PST by TigerLikesRooster
January 14, 2011, 9:55 PM HKT.
China to Air Pro-China Ad in U.S. During Hu Visit.
Sellers of Sinophobia in the U.S. have started stepping up their game, as last years Chinese Professor ad lushly demonstrated. Now it appears the Chinese government is launching a counter-offensive.
Chinas State Council Information Office, or SCIO, confirmed to China Real Time yesterday that it has hired a local advertising agency, Shanghai Lintas Advertising, to produce a commercial to be aired in the U.S. ahead of President Hu Jintaos visit to Washington, D.C. next week as part of a broad effort to soften Chinas image abroad.
Associated Press Chinese basketball star Yao Ming will feature in a government-sponsored ad promoting a friendly image of China that will air in the U.S. during Chinese President Hu Jintaos visit to Washington D.C. next week. The commercial part of our annual working plan, said an SCIO employee familiar with the effortis supposed to depict Chinese people from different walks of life, including famous public figures like NBA player Yao Ming. The spot will air in the U.S. first, during Mr. Hus visit, followed by Europe, Latin America and the Middle East. It will also be available on the Internet, according to a report on government Web portal China.org.cn.
(Excerpt) Read more at blogs.wsj.com ...
So nice of WSJ to smell money and grovel.
P!
Chuck fina.
That's not a very nice thing to say to someone who's offshored all their manufacturing to you.
You dont launch a dog and pony show unless you have to. Must be getting ready to edge up the yuan or something,
Ping to Kristinn
So if anyone is thinking of blaming "cheerleaders," then they should also look in the mirror and blame themselves for not being interested enough to heed the warnings.
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*Hardly anyone bumped the threads or commented.
What's it going to say, "We haven't crushed anyone with our tanks lately"?
Where have they been all those years prior to the imminent blow-up? Are they so dumb to not notice it? As far as I can remember, it was more keen on Community Revitalization Act than other structural problem. If only there are so diligent, there would have been smaller much manageable bubble. Little discussion on structural problems of financial market. All those debts and leverages were explained away as nothing serious. Torrents of such cheerleading article and opinion columns had been so huge that I stopped reading. Too bad, given the chance, I would rather go for WSJ than vile NYT.
The overriding theme was that market will correct it if left alone. Market did come back with a correction in a brutal way. That was inevitable because of all structural problems gotten much worse by Fed's loose credit intervention and (pretty much willful) neglect. So they finally woke up and let the correction commence, however brutal it was. No. They screamed bailout. I haven't seen WSJ vehemently opposing Paulson's rescue package.
I guess they would rather not have market doing its thing, if it turned on them brutally thanks to reckless practice and meddling. People who took a phenomenal risk can win huge if it pays off, and eager to call it a market in action. However, when market punished them for their lack of proper risk evaluation, they went outside the market and call for help, even if it is diametrically against market principle. WSJ did all these.
Their new campaign slogan -
“But China is so much more than cheap crap that breaks, poisonous pet food, and secret police”
This is very Sun Tzu, in the sense of overcoming your enemies without firing a shot.
Chicom bump for later......
That is what you are choosing to remember. Alan Greenspan was warning Congress about Fannie and Freddie as early as 2004, and the WSJ dutifully reported on it. Again, just because people chose to ignore the warnings doesn't mean they can turn around later and claim they didn't hear them.
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