China experience

Nice place to live...but for ...you have to forger tapri Chay, pan, constant bak bak. I and my wife are here...new experiences ...culture, language learning, seeing places.

Have been around a bit. Yixing, Nanging, Souzhou, Shanghai, Beijing, Hongzhou, Yanchang. Quite a bit in 9 months.

Also know Ouchan, Care four, Wall mart. Metro as there is nothing else to do.

Third ...movies on CDs...

Business...China growing...business not really.
Double digit growth for 5th year in succession.
From 2005..Fast and sound was changed to Sound and fast development..Quality of growth is more important..balanced and sustainable development.

Inflation in 2007 was at 11 yrs high at 6.9%(bench mark was 3%) Pork prices were at 60% inflated level.

Excess liquidity: Trade surplus is exp at 250 Bil USD.

RMB has appreciated 11% since yuan de-pegging in 2005 July.

Peoples bank of China raised interest rates 6 times during 2007.CRR was raised 10 times to a record high of 14.5%.

Energy consume / unit of GDP was brought down by 3% and SO2 and chemical oxygen dropped 1st time.

Income tax for both Chinese funded and foreign funded enterprises will be same at 25%.

Labour Contract Law and Employment Promotion law adopted for protecting rights of the people.

"Made in China" phrase suffered from unprecedented "crisis of confidence" in 2007. Recall of China made toys by "Mitel Inc." triggered the fuse...products ranging from tooth paste to food. Four month nation wide campaign launched to restore confidence.