Want to know what’s in store for 2012? Who will win the US election? Will the eurozone implode? As Chinese communities around the world prepared to ring in the new lunar year last night, astrologers and geomancers were predicting the Year of the Dragon will bring natural disasters and financial volatility, especially to crisis-hit Europe.
“The world economy will be unstable in the Year of the Dragon, because the economies in Europe and the US are still suffering from the effects of the recession,” Hong Kong feng shui master Anthony Cheng (鄭棋之) said.
Celebrity astrologer Peter So (蘇民峰) says the US will provide some good news late in the year, but his charts for Europe make grim reading.
Photo: AFP
“Europe will not recover so soon — it is expected to suffer at least until 2014, but what I can say is this: A recovery for the US economy is possible in 2013,” he said.
If you’re prepared to ride the dragon and invest this year, Russia and China could be your best bets. The two emerging markets will be the best performers in a volatile year, Cheng said.
However, be prepared for surprises, especially out of China, where the Chinese Communist Party will hold its 18th Congress to select a new generation of leaders.
“In the second half of the year, a scandalous corruption case will be exposed in China,” Cheng warned, refusing to elaborate about who will be implicated. “I can also predict that in Hong Kong and in mainland China, a number of high-ranking officials will be forced to step down. Some may be thrown behind bars, or even pass away.”
Many Chinese take such predictions seriously and adjust their lives accordingly. Feng shui, the ancient study of the forces of chi, or life energy, is a daily part of life in the Chinese world.
One of Hong Kong’s largest brokerages, CLSA, releases a Feng Shui Index every year, offering its “tongue-in-cheek” predictions for global markets and world affairs.
Lest anyone takes it seriously, CLSA admits that feng shui’s “original purpose was to locate auspicious burial spots, not call the twists and turns of the equity markets or individual sectors.”
However, it has a stab anyway, even if some of its predictions are less than audacious. For example, it says the stars point to a “job opening” for Chinese Vice President Xi Jinping (習近平), the man everyone expects to become China’s next ruler after the 18th Congress in October or November.
As for US politics, the soothsayers are more cautious. When asked who will win the US elections, So refuses to make a prediction without precise information about the dates and times of the candidates’ births.
“Sometimes luck depends on the country itself, rather than an individual president,” he said enigmatically. “For the US, they are starting to have luck on their side again, so it is going to be a good year no matter who’s elected.”
The five Chinese elements are wood, fire, earth, metal and water, and this year is tipped to be big on water. This could mean riches and abundance, but it could also spell disaster.
Well-known Hong Kong astrologer Alion Yeo (楊天命) said we should brace for storms and floods.
“Expect to see a lot of flooding in areas like Thailand and southeast China,” he said.
So sees similar portents, but with an earthy twist.
“Indonesia, Pakistan, India and places in China like Sichuan, Yunnan and Guizhou are particularly disaster-prone. They are likely to experience frequent earthquakes,” he said.
While the ancient Chinese were developing their systems of astrology and geomancy, people across the Pacific were finding other ways to predict the future.
The Mayans of modern-day South America purportedly had a calendar that showed the world would come to an end on Dec. 21, 2012.
Like the historians who rubbish such interpretations of Mayan belief, So said there is no need to fear the end is nigh.
“Doomsday is just a bunch of make-believe,” he said.
Anna Bhobho, a 31-year-old housewife from rural Zimbabwe, was once a silent observer in her home, excluded from financial and family decisionmaking in the deeply patriarchal society. Today, she is a driver of change in her village, thanks to an electric tricycle she owns. In many parts of rural sub-Saharan Africa, women have long been excluded from mainstream economic activities such as operating public transportation. However, three-wheelers powered by green energy are reversing that trend, offering financial opportunities and a newfound sense of importance. “My husband now looks up to me to take care of a large chunk of expenses,
SECTOR LEADER: TSMC can increase capacity by as much as 20 percent or more in the advanced node part of the foundry market by 2030, an analyst said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to lead its peers in the advanced 2-nanometer process technology, despite competition from Samsung Electronics Co and Intel Corp, TrendForce Corp analyst Joanne Chiao (喬安) said. TSMC’s sophisticated products and its large production scale are expected to allow the company to continue dominating the global 2-nanometer process market this year, Chiao said. The world’s largest contract chipmaker is scheduled to begin mass production of chips made on the 2-nanometer process in its Hsinchu fab in the second half of this year. It would also hold a ceremony on Monday next week to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday signed a letter of intent with Alaska Gasline Development Corp (AGDC), expressing an interest to buy liquefied natural gas (LNG) and invest in the latter’s Alaska LNG project, the Ministry of Economic Affairs said in a statement. Under the agreement, CPC is to participate in the project’s upstream gas investment to secure stable energy resources for Taiwan, the ministry said. The Alaska LNG project is jointly promoted by AGDC and major developer Glenfarne Group LLC, as Alaska plans to export up to 20 million tonnes of LNG annually from 2031. It involves constructing an 1,290km
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel