Archive for April, 2008

Mixed messages

Friday, April 18th, 2008

A new business website that I ran across while searching "Chinese inflation" on google news, has quite an odd sense of what quote accreditation: "What's killing me is the underlying costs," the billionaire entrepreneur insisted. Oddly what's killing me, is not being a billionaire. BGSHARETHIS.addEntry({ title: "Mixed messages", url: "http://www.cibmagazine.com.cn/theyuanalsorises/index.php/2008/04/18/mixed-messages/" });

Groan…

Wednesday, April 16th, 2008

The Democrats have gotten on the China bashing wagon... and since this is a big issue for me, I'm beginning to wonder if I'm going to need to start supporting the Iraq war (i.e. vote for McCain). Obama told workers in Pennsylvania on Monday that China had to respect trade rules ...

The F-Visa Blues

Monday, April 14th, 2008

Being woken up by someone pounding furiously on the door is never a pleasant experience at the best of times but when you’re living in China, it’s 6.30am and the person at the door is yelling “Police, Police”, it must be doubly disturbing. My friend, who suffered such a rude awakening ...

The most successful IPO of the year

Tuesday, April 8th, 2008

This isn't actually the most successful IPO of the year, I think its more of a stastical fluke. But playing around with Yahoo finance I came across a page with "the best IPOs of the year. Number 1 is the "Asia Special Situation Acquistion Corp." Which, despite having shares with ...

Bob Dylan on inflation

Saturday, April 5th, 2008

I was playing with a title for my Abacus article for next month, and remembering Bob Dylan's statement that he tries to have a song for every occasion thought to name it "High Water Rising." I picked the song out on my iPod and discovered. "High water rising, rising night and ...

Google jokes about the Chinese Economy

Wednesday, April 2nd, 2008

The site is in Chinese, but here is the Wikipedia entry about it: [On April 1, 2008], Google launches Manpower Search (谷歌人肉搜索) in China (google.cn). This new feature is powered by 25 million volunteers who do the searching around the clock. When the user entered a keyword, volunteers will search any ...

I Love Taobao

Wednesday, April 2nd, 2008

Online spending in China last year totaled RMB 59.4 billion. Of that, 43.3 billion alone was spent on Chinese online retailer Taobao.com. For comparison, Taobao points out that gross profits for international grocery chain Carrefour last year were 24.8 billion – that is, people are spending more through an online ...

Exchange rate excitement

Tuesday, April 1st, 2008

The RMB is tottering on the edge of 7 to the dollar, and it seems to be getting people fairly excited. While I don't exactly know how forex markets work to everyday tourist, my parents are being quoted rates of 6 to the dollar for their upcoming trip to China. ...

All the Rice in China

Tuesday, April 1st, 2008

Anyone living in China can’t fail to have noticed the sharp price increases in recent months. Zhang Hong has written a fascinating piece for our magazine this month – link to follow - on how the rising cost of living in Chinese cities has lead to a major shortage of ...