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PDF Editor FAQ

Is the Chinese economy more unstable than most people think?

Yes, it is. The Chinese constantly have to innovate by tearing down the old inferior systems and replacing with better ones in order to advance to a higher level. In contrast, the Capitalists love stable systems because those systems are expected to continue making the owners the wealth and profits forever.After foreign trade imports and exports in the past 20 years have undergone "high-end and low-end" growth changes, their marginal utility to drive the Chinese national economy diminishes. Especially, the international market demand shrank after the outbreak of the international financial crisis in 2008. In the last few years, the U.S. has exerted extreme pressure on China. The turbulent trade relationship between the two largest economies in the world has cast a shadow over the prospects of global economic and trade. The rapid changes in the external demand market have stimulated the acceleration of the conversion between domestic demand and external demand in the Chinese economy. The world today is undergoing major changes unseen in a century, and the international environment is becoming increasingly complex. The specific content of opportunities and challenges have been changed for the Chinese to start urgently a new game in the changing games to drive the high-quality development of the Chinese economy with a higher level of domestic and international double cycles.The most urgent task of the Chinese is to adhere to the new development concept as the guide, firmly grasp the strategic basis of expanding domestic demand, and vigorously protect and stimulate the vitality of market entities. In addition, the Chinese have to grasp with one hand the construction of the main domestic cycle, and with another hand the higher level of opening to the outside world and the domestic and international double cycle mechanism altogether.The Chinese have to create new supply and generate new demand through innovation and entrepreneurship to lead the huge domestic cycle in China. By promoting coordinated regional development and layout optimization, new growth poles and power sources with comparative advantages will be spawned, and the domestic cycle will be stimulated in China. By seizing new opportunities in the new round of science and technology and industrial revolution, the Chinese will open up the whole-process innovation chain that supports the power of science and technology. Through strengthening measures, the Chinese will further expand the middle-income group, reduce the low and middle-income group, promote the sharing of reform and development results, and support the domestic cycle with full employment and income increase of urban and rural residents.More importantly, the Chinese should calm their mind in chaos and be good at seeking development and opening new games amidst changes. Through opening up to the outside world at a higher level, stimulate import potential, continue to relax market access, create a world-class business environment, create a new highland for opening up and promote the in-depth development of multilateral and bilateral cooperation to boost the domestic economy with a higher level of international economic cycle and promote domestic and international double cycles.The Chinese are firmly grasping the new development initiative to ensure that Chinese economy can take advantage of the trend and move forward steadily in the future.

How easy is it file for domestication and move an LLC from CA to TX?

I described the conversion process as follows in Entity Conversion Can Be Easy... | Dana H. Shultz, Attorney:If the desired entity conversion is possible, then the steps to be taken are as follows.Prepare a plan of conversion. This document describes the converting and converted entity and jurisdiction; specifies how equity interests will be converted; and includes any other relevant terms and conditions.Have the plan of conversion approved by the appropriate body in the converting-from entity. (For example, a corporation’s shareholders or an LLC’s members.)Prepare the applicable form required by, and file it with, the converting-from Secretary of State.Prepare the applicable form required by, and file it with, the converting-to Secretary of State.California permits a limited liability company to convert out, and Texas permits an LLC to convert in.However, whereas CA provides the required form, TX does not.So, the answer is:For a knowledgeable business lawyer, redomesticating an LLC from CA to TX is reasonably straightforward.For a non-lawyer who is not familiar with the process, that process is likely to be quite difficult.

What's wrong with our conversations about the climate crisis?

There are many very useful conversations about the climate crisis.Those between working climate scientists as they perform their research, publish their results, respond to critiques of their results, review the results of others, and provide critiques in turn are very productive, long-running conversations about the climate crisis. Our knowledge, ability to project varying outcomes and the accuracy of our understanding improves year by year due to those conversations.Those between technologists and business people working on climate solutions as they seek funding, compare and contrast their approaches others, and adopt low-carbon solutions are very productive, long-running conversations about the climate crisis. We continue to be more electrified, more efficient and less dependent on fossil fuels every year due to those conversations.Those between politicians who accept the realitiy of climate change, the significant risks associated with climate change, the known impacts of climate change, the ethical requirement to deal with them, and the comparative tradeoffs to achieve climate action compared to other priorities are very productive, long-running conversations about the climate crisis. We have the Paris Agreement, countries are driving their emissions down, sub-national entities are driving efficiency and electrification, and municipalities are electrifying transportation and eliminating gas heating and cooking due to those long-running conversations.And then we have the not-so-useful conversations.The first, of course is any conversation with anyone who denies the reality or severity or risks of climate change. That is time that is literally taken away from the opportunity to have any of the above useful conversations. That’s why I refuse to have those conversations. Climate change deniers as individuals are powerless to do anything except make us waste our time. They are a dwindling minority in countries, under 10% of the US population as an example. They are very vocal, as all increasingly isolated and angry people tend to become, so they seem more prevalent and like a squeaky wheel we should grease, but in reality, they aren’t an issue. Ghost them in life and online. Have useful conversations instead.The second are the conversations between and within businesses whose fundamental profit structure is dependent on despoiling the planet, polluting and causing climate change. They have been funding climate change denial and delay for decades, to the tune of tens and hundreds of millions per year, feeding their dwindling horde of true believers with the peurile memes that they regurgitate, and promoting unreasonable doubt in the minds of others. Increasingly, those organizations are being sued because these ‘conversations’ have been actively harmful to climate action and hence the people of the world.The third are the conversations between politicians and those business intent on preventing climate action. They have led to capture of major political parties, not limited to the US Republicans, the Canadian Conservatives and the Australian Liberals. Those conversations, often involving inventive movement of large sums of money, have been actively detrimental to climate action and hence the people of the world. Thankfully, at least in the USA and Canada, those politicians are increasingly being voted out of office. In the last Canadian election, about two-thirds of the electorate rejected the Conservative Party, whose official climate ‘action’ policy was to repeal the carbon tax and sell more oil and gas domestically and to foreign markets. Similarly, the 2020 US election saw a Blue wave across all three of Presidency, Congress and Senate, although there was a lot more going on than just climate change in that election.

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