Archive for January, 2009

China didn’t manipulate exchange rate

A important economic official of USA said last week,  Obama think china is manipulating exchange rate.His words make many Chinese angry and unfair,as we all know,It seems China  never changed  exchange rate policy since 1997.when most of country in Asia depreciated currency in 1997,China stick to the high exchange rate level to maintain the Asian economic growth.In last three years,Chinese currency has increased over 20 %,but at the same period,US dollar,pound,and lot of currency depreciated sharply.

Now,decline in exports and rising unemployment in China,if Chinese exchange rate continue to rise at this time,that means suicide,but this will result in the rising CPI of USA,and China will have to take back the capital to support the domestic economy.as we all know,USA must issue a  large number of bonds,therefore this behavior will damage China and USA.

So many Chinese wonder why this official said so,if his aim is to force China use his money to support USA economy,he should  respect  much China.

a sudden upsurge in tourism at the end of the spring festival

a sudden upsurge in tourism at the end of the spring festival
Canton tourism market once again set off another wave of tourism climax in Jua 1, about 35,000 outbound province, Hong Kong and Macao tourists s travel, it is said that the cheap, scenic areas traffic is the direct reason  to attract  people  to travel at the end of the spring festival .

A substantial increase on the lowest purchase price of rice this year

A substantial increase the lowest purchase price of rice this year
The government has decided to continue the minimum price policy in 2009 in the main rice-producing areas,and have a substantial increase in the minimum price level,up more than 15%. The purpose is to mobilize enthusiasm for growing grain farmers to further promote the stable development of grain production.

The abolition of restrictions on fertilizer prices

China recently abolish restrictions on fertilizer prices, change the government supervise price to market price,  the specialist saidfertilizer prices are unlikely to rise after reformed fertilizer price mechanism form.

Administration of Taxation: individuals who transfer their purchased ordinary housing for over 2 years can enjoy zero tax

I have read the recent preferential policies about housing: in 2009, if individuals sell their ordinary housing which are bought for more than two years (including two years) , the exchange would be exempted
from sales tax.
I read a news the day of yesterday,the mayor of Beijing and Shanghai said that the price of housing is too high. I found that many people are capable to purchase their own apartment without any consuming for entirly 30 years.at the same time,some real estate businessmen and local officials said,they cann’t allow the price of house to fall down.
so I believe this is a good policy which can provide the more housing source for the ordinary people who want to buy their house and result in the decline of house price indirectly.

India media:should work as hardly as Chinese

I read an post from India merinews.com, the title: Indian should work as hardly as Chinese, they said that Indians tend to slow down for their own needs, resulting in the India trapped development everywhere. but Chinese counterparts can complete the project on time.In view of this,              Indian should learn from them.They have a positive work attitude,they completed their work as soon as possible and are able to save a large amount of money; while in India, every project has become protracted, because it provides a good opportunity to make money.
In my opinion,many Chinese work hard for more than 12 hour one day, When it is a common that over 1 billion Chinese continue to work hard so much for 30 years in this mode in a country,it isn’t very difficult for China to keep the economic growth rate.This article state the real reason about Chinese economical myth.

foreign trade volume fell significantly in December

According to the latest statistics, China’s total imports and exports is 183.33 billion dollars in December,  11.1 % decline;exports of 111.16 billion dollars , fell 2.8 %; imports of 72.18 billion U.S. dollars,  21.3 % decline. China’s total imports and exports maintain the steady growth of more than 15% for 10 months, the import and export situation came to a standstill in November last year, the total volume of imports and exports appear the first negative monthly growth since October.The export and import growth appear the first time double declines since 1998.

a large amount of oranges are unsalable in Congjiang ,Guizhou

Congjiang Oranges have always been famous in Guizhou Province, but in 2008, there are 23,000 farmers who suffered serious “weak demand”in Congjiang, which makes the oranges are currently facing an unprecedented crisis in sales. It is understood that reasons for poor sales are mainly due to the impact of weak consumer market, the volumn of export fruits dropped significantly, the majority of the fruit shifted to domestic sales and form a large overstocking of fruits, and result in lower prices at last.

online shopping will increase 60%

China Internet Network Information Center report shows that in 2008 China’s Internet users are nearly 300 million, increasing 41.9 % campared with the same period in 2007. due to the impact of economic crisis, the growth of online shopping market trend is clear. The current number of people online shopping has reached 74 million, an annual growth rate about 60%, the online sellers also reached 11 million people. it is clear that internet shopping have a lot of business opportunities.

China will lose 4 million jobs in this year

A famous economist said,china will lost 4 million  jobs in 2009,I think he said out a big problem which we must face.Severl months ago,many official said there have no crisis, no migrant workers come back home,no many company cloesed,we must keep confidence.I am glad this economist say out this problem,because he is a famous economist and a official–Chen Si Wei.

OK,we must know crisis have different stage when it extend in the world.More than 60% Chinese GDP is based on export,and TV set reported a commpany which genarete apple juice hard to support itself because 95% og apple juice is export to USA and EUROPA.So,we know when USA and Europa have problem,china is hard to avoid the crisis.

What we really need to do is face this crisis,not just said everthing is OK,and we can easy to solved any problem,in last 10 years it is,but after 2008,it is not so easy.To solved the crisis,we need a hard work,we need do some really thing,we need control Invalid investment,because we just have so littile money,if we lost the change to save ourself,who will give us money to save our people? Our amount of GDP is only 6% of the World,we are little,we are not huge,not cheat ourself,just face the world and protect ourself,We must refused naive,what we can believe just ourself,if we can solved economy crisis of ourself,we can buy many resource from Russia,Peru or other country,we can buy equipment from USA,Eourpa and Japan,we can rise our position.But before that ,we must recognize,we have a crisis,we must face it,and do easier to solved,if we can action easier,maybe we will have not a big crisis.