Archive for November, 2008

China:economic development faces challenges

At this weekend,leader of China government meeting for discuss how to face economic crisis,leaders said:”economic development faces challenges”.
Recently,China use many kinds of way to keep economic development,including:Investing,reduce tax,reduce loan interest……,But many people thinking how can we let people begin buy more things? Next year,output department will faces challenges,so many goods had to sale out at china market ,not USA or Europe,but people’s consumer is very weak!
I think the most important thing is build Social Security And control the price of real estate(in some months of last year,the price of real estate rise up 20% a month!),else poor people will save money in bank,not to buy goods,Just like this article said:效率与公平

In last 30 years,there have many many manager talk about Fairness and efficiency,efficiency is the first,But now it is time to talk more about Fairness.

BIG NEWS:China central bank cuts interest rates–1.08 percentage point!

Just 2 hours agao,China central bank said from tomorrow,china central bank will cuts interest rates 1.08 percentage point!

The lending and deposit rates will cut 1.08 percentage point all,I think this is a big signal shown china will try his best to keep spur growth,In china there have a little voice about if we invest too money to keep and spur growth,maybe at the end chinese economy will become too hot.So China central bank shown their goal is more care of growth rate.

I think china will face a winter in last year,there have many people need a job,so goverment had to spur growth,but I think economy trend is always change,so we must remember keep another hand at the same time,now we just hidden this hand at the back,but if there really too hot,we must shown another hand to control “too hot”.

This news will make stock market of china rise up again,a advice about buy shares of china market again had been reported,so it is a short chance to get profit for china investor.And it is a chance to buy china bond too.

China’s Money

Today “on capital” have a post said the leader of Japan suggest china give huge money to IMF and use money for Social Security,the author said these area will need huge money ,but china face many Short-term difficulties,for example:Unemployment,and Hundreds of millions of China’s population earn less than 2 U.S. dollars a day,and china need huge money to relize new economy model,china need buy many foreign resources……So china have not too many money to Spending just for face,china will help other countries,but china need solved himself’s difficulties first,So how to use china’s money is not a easy thing.

College gratuates face severe employment situation next year in China

There will be 20,000,000 loss of jobs all over the world by the end of next year.In China, a large-scale layoffs have not occurred, but for graduates from university next year, to look for a job has become increasingly difficult.
According to statistics, there are 610 million national college graduates next year, while in previous years, unemployed graduates are about 4,800,000 people, that is to say,university graduates who need find a work will reach ten million in 2009.
In addition, the global financial crisis led to a large number of personnel returning from overseas, The closure of coastal foreign-funded enterprises, migration and contraction, as well as domestic small and medium enterprises are also facing downsized or even closed down.
This result in the new challenges to the employment of university graduates in 2009.
It is reporters yesterday from the first college graduates of supply and demand meet in Guangdong Province in 2009, The four major state-owned banks recruit 1,200 jobs, but more than 12,000 candidates.

China stock market face choose

This week,chinese stock market face a choose,Because China goverment said there will have a huge investe plan before 2010 year,china stock market begin a rise trend with big volum , but after ShangHai Index over 2000 point,there always have a 5%~7% up and down in day trader,many investor said their heart will broken,but they did not know how to control their option:sale or buy or just keep shares in hand or just keep watch what will happen and stay away of the market?
I think although there will have a huge investe plan,but this is not for this year,and there have many report that some company face hard condition,so we can not hope index will up directly,because there have many kinds of thinks,many guess of economy deverloper of next year,these thinks and guess will shown in market,so we must know how to trade in short perior trade,and know how to control risk,we must prepare for the lose , maybe our trade option is error,so we must control our money,it you not a expert of short trade,maybe you should not use full of your amount to trade,because if you can not control your money,you can not control your heart too,the index wave will control your warry and greed,so you will more and more make mistake.so,just control your heart,from now on,the 1st step is control your money.

Why global financial crisis happend

As we all know,global financial crisis broken many people’s life,I heard many single women living in USA had to sleep in their car now,the car is the last asset of them.Many people want to know : Why global financial crisis happend?

There have a article talk about it:道德失衡=力量滥用=贪婪+放纵==金融危机=经济危机 which means “power lose control=greed=global financial crisis”,it told us many story about  global financial crisis,it not only try to found asset crisis,but also why it happend.The article use history and economy rule told us how can we do for stop global financial crisis happend again.The article is so long,maybe you need prepare a cup of tea and cookie.

Beijing property market: buy cold,rent hot

Shenzhen’s property market gradually warmer,but Beijing’s real estate market situation is still not clear, some people still wait-and-see macro news, some people think renting house are better than buying a house.
Beijing residents: I do not have extra money, I will still have to wait and see about it.
In addition to the new contract,the recent second-hand housing turnover also fell into the freezing point. According to staff, A lot of people have the need of buying but few people determined to buy. Some people still feel that the rent are cheaper than buying house.

Pork decrease rapidly,the farmer face big loss

I recently heard that pork prices decreased rapidly.The farmer,Zuang xueque told reporters many farmers bought piglets at the price of 24 yuan RMB per KG, 3 months later, but pork prices decrease to only 12 yuan,farmer will face a big lose,maybe some of their company will close.
I buy pork every week too,but I found the current pork price is about 26 per KG,SO I guess there have a huge profit among the circulation industry,Today my guess was proved,CCTV reported that Chongqing’s pork producers didn’t sell their pork to the salers with 12 yuan per KG,they go to market and sell prok to buyers directly with 18 yuan per KG,So many many people buy their pork,then these salers said they will sell pork to people with 18 yuan per KG too,and these salers said even these farmer sale pork at 18 yuan per KG,these salers will do it too,at the end customer get the profit,and farmers can sale out pork to customer,do not face the risk of close their farm.So in this case, we can see that we should have a good platform let information can been shared in the market 2: There should be very convenient way to let people can do their business and trade each other.

China’s central bank:we will maintaining growth

Yesterday,governor of China’s central bank:Zhou Xiao Chuan said China will try our best to help stabilize the global finanical crisis by maintaining ourself growth of economy.

I agree Mr Zhou’s words,the first goal of china in global finanical crisis is not let china drop in financial crisis,china have 1/6 people of the world,and china have not enough money and technology for support a long time financial crisis,so the best way to defeat finanical crisis is not let China drop in finanical crisis.

Chinese government had said tomorrow’s first goal in economy area is maintaining growth,I think this is a hard task for chinese people.No any country can support long time growth of economy by maintaining a high house price,we only can support our long time economy growth by create value,by our heart and hand,and brain,not by the price of asssets,why global finanical crisis?Because people’s greed,because lost the power of control,because so high price of asset,because somebody spend money but not creat the same value.So chinese must study from the finanical crisis,change the way of economy growth.

Yesterday I read a funny news about how some bank face finanical crisis,Naked female staff calendars were sent to customers,is it helpful?I do not know. : – ))

China will sell aircraft to USA

Big news,China will seel aircraft to USA,It means china not only ouptput socks to USA market,but also sell high-technology products like plane to USA market now.The most importand things it the aircraft –ARJ21 is developed independently by China!

I think there have not many people know that more than 60% china’s gdp is support by output,and more than 70% output of high-technology is just “joining”,what we did just buy other’s product then join them,and say it is make in china,The ARJ21 means china now begin try really produce something by ourself in high-technology,it is a big good news.

Acctually, ARJ21 means Advanced Regional Jet for the 21st Century,I hope china will finish the transition to a high-technology country in 21st.