logo

Rising Tiger? Economic Questions Plague Chinese Timber Giant

image
Author: Eli Levine
Created: 02 April, 2012
Updated: 13 October, 2022
2 min read

sino_forest_corp

Chinese timber giant, Sino-Forest Corp, has filed for bankruptcy protection on March 31st, 2012. The company has been under investigation for allegedly exaggerating its timber holdings in China, essentially defrauding investors of their money. The company has put itself up for sale and is suing the research firm making these serious allegations. They are also under investigation by the Canadian national police force, and are being sued by their investors for fraud. Sino-Forest says it will attempt to restructure itself, if no suitable take over options emerge.

This firm is just one example of fraudulent Chinese business practices that leaves the integrity of the Chinese economy in question. If analysts don't have a clear understanding of how things operate in the Chinese economy, how can the Chinese leaders make decisions based on what's there, when there is much deception about what is there.Frankly, it throws the whole idea of Chinese usurpation of the West into question. If most of the growth that's actually projected in China, is actually exaggerated growth that's not actually solid, how can they actually be catching up with us? This is only plausible if you consider the American economy to be sliding backward towards Chinese levels, as a result of our own economic follies and foibles.

Just how substantial is the field of economics if, at present, theories bandied about in such prestigious economic institutions like Chicago University, are leading to misrepresentation and misinterpretations of facts on the ground. Have these theories been actually linked to economic health and well being for life on this planet?

These are fundamental questions to ask when seriously attempting to getting our economy back on track, by correcting some of the mistakes in academia which got us here in the first place.

In light of all that's happened in the past thirty years, how do we continue to allow for fraud, deception and false reckonings of reality in our economic markets and, more significantly, in our economic policies? Bearing in mind, even a free market policy is just a policy set by the governing body of the state. So, how beneficial are these theories and practices in real life? How do our policy choices help or hurt us, in terms of socioeconomic conditions?

Latest articles

votes
Wyoming Purges Nearly 30% of Its Voters from Registration Rolls
It is not uncommon for a state to clean out its voter rolls every couple of years -- especially to r...
27 March, 2024
-
1 min read
ballot box
The Next Big Win in Better Election Reform Could Come Where Voters Least Expect
Idaho isn't a state that gets much attention when people talk about politics in the US. However, this could change in 2024 if Idahoans for Open Primaries and their allies are successful with their proposed initiative....
21 March, 2024
-
3 min read
Courts
Why Do We Accept Partisanship in Judicial Elections?
The AP headline reads, "Ohio primary: Open seat on state supreme court could flip partisan control." This immediately should raise a red flag for voters, and not because of who may benefit but over a question too often ignored....
19 March, 2024
-
9 min read
Nick Troiano
Virtual Discussion: The Primary Solution with Unite America's Nick Troiano
In the latest virtual discussion from Open Primaries, the group's president, John Opdycke, sat down ...
19 March, 2024
-
1 min read
Sinema
Sinema's Exit Could Be Bad News for Democrats -- Here's Why
To many, the 2024 presidential primary has been like the movie Titanic - overly long and ending in a disaster we all saw coming from the start. After months of campaigning and five televised primary debates, Americans are now faced with a rematch between two candidates polling shows a majority of them didn’t want....
19 March, 2024
-
7 min read