China update

Is China now building computers that it cannot use? (like houses, commercial buildings, etc.)

The Chinese government’s approach to the supercomputer race, it seems, resembles that of a student single-mindedly regarding learning as achieving a high score on a standardized test.

An article last month in Science noted how little software China has developed to run on its fastest machines, and that the applications that do run on them use only only a tiny fraction — as little as 1 percent — of the machines’ thousands of processors. The Science piece quoted a Chinese scientist saying government research funding for software amounts to about a penny for every dollar spent on hardware.

China Just Gave A Big Clue About Its Currency Policy For The Year

In 2011, Chinese policy with respect to currency and inflation will probably look like it did in 2010.

Of course this will end badly for the Chinese, as it distorts its economy through a million little adjustments here and there, while letting huge distortions continue to build.

Unless they've really figured out state-run capitalism.

The SEC Is Conducting A Wide Investigation Of Possible Chinese Stock Fraud

Fraud has plagued several Chinese IPOs in recent years.

So it's no surprise the SEC is allegedly investigating accusations that American firms and individuals, with co-conspirators in China, have defrauded American investors out of billions of dollars via specific method of taking a company public: the reverse merger.