Archive for May, 2008

Adventures in oriental finance

Friday, May 16th, 2008

The economist has an excellent article this week that touches on the myriad problems in the Chinese financial sector: Hank Paulson, America's treasury secretary, was not just talking America's book when he said that opening the Chinese financial system is “absolutely necessary” for China's own long-term economic success. It would not ...

Clear as Mud

Friday, May 9th, 2008

So after weeks of wild speculation surrounding visa rules, the Chinese foreign ministry finally broke its silence and acknowledged that the rules had been tightened. "We have made some arrangements according to usual international practice. That is, in the approval process we are more strict and more serious with the procedure," ...

Wedding Goldmine

Wednesday, May 7th, 2008

Having been away from my hometown for four years, I have no idea how much money I should give for a good friend of mine who is getting married there. In the most expensive Chinese city, Shanghai, if a colleague invites you to their wedding, the hongbao, or red envelope full ...