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China is a big country, a nation with a population of well over one billion. It is a country that is rich in history and heritage. It is now rank second only to USA as the world second largest economy, overtaking Germany and Japan at unprecedented pace. The Middle Kingdom continues to power it’s way not just economically but also in other areas particularly in terms of sports, science, defense and military capabilites.
Amidst China’s progress in various areas, it is quite suprising that there are some ridiculous rules and regulations in the country, regulations that completely which defies human logic and common sense. Check out this article on China’s strange rules and regulations. You be the judge.!
You are probably living in the stone age if you are not aware of the global financial crisis that’s affecting both the US and Europe. S&P down rating of the US economy from the AAA to AA+ has caused much anxieties to the rest of the world economy.
Whether one like it or not, US is still the world biggest economic power despite it’s massive debts. The recent US Senate decision to raise the debt ceiling so as to avoid a default of its loan payment only serve to make more countries particularly the major lenders such as China to feel even more uneasy.
Elsewhere Europe’s situation is not good either. Countries such as Greece, Italy, Spain, Portugal better known as the PIG European Union members are in serious financial crisis situation. The Euro currency is under pressure given the need to bail out the PIG nations.
It is interesting to note that China is one of the major stake holder of government bonds issued by the US as well as EU. The greenback or the Euro devaluation will have tremendous impact on China.
In his recent visit to Europe, China’s Prime Minister Wen told Germany’s Prime Minister that China will continue to assists Europe in terms of monetary and financial assistance however he also emphasized the need for the EU nations to put its economic and financial house in order.
With so much at stake for China, the country is also under US pressure to raise its currency to at least up by another 30%. The US government feels that China’s Yuan is intentionally kept low by its government by as much as 50%.
A big increase in the Yuan currency or further slips of US currency value will impact and affect China’s investment in US. With so many uncertainties besetting both Europe and US, I guess it pays to be prudent with our own spending.
Come to think of it, well the heck did all those money goes? I mean just think about it, from the law of physics, energy is neither created nor destroyed. So for every single dollar that someone lose in the financial market such as stocks, bonds and etc, someone else must have gotten the gain out from it.
Okay, so for the billions of dollars lose in the financial market where did all those money goes to? The money (though just in paper) can’t just simply vanish into thin air could they?
Check out this news on breast touching. This culture would’ve certainly be welcome by all the males highly charge with testosterone. What more else could guys ask for? I wonder what would have become of Singapore if this culture permeates the society? Well, one thing for sure, I suppose it will impact some of the sexual service business in Geyland and give the social escorts a run for its money! Cheers
Well, it is not surprising that US lawmakers and the senates were able to reach a consensus to avert what might be a potential global financial system disaster should the US government default on its ability to refinance its massive debts. Failure to raise the debt ceiling would essentially cause it not just to lose it credit AAA rating but also default on payment of its civil servants across the entire government
sectors.
What choice does the US senate and lawmakers has? Practically nothing with the exception of raising the debt ceiling!. Speaking of accomplishment, I bet even a 10 year kid is able to figure out that solution is a sure winner!!
The way I see it raising the debt ceiling will not solve US huge debt problems and probably will never will, not n the foreseeable nor the distant future. Come to think of it,President Obama might just be the smartest USA president. Not only has he accelerate US debts through various mindless health care subsidies and other wasteful funding such as bailing out giant corporations such as GM, banks and etc, he knows US can afford to default or even write off debts easily.
The biggest losers might very just well be either China or Japan or both, two of the largest holders of US government treasury bonds and US currency reserves. Particularly China’s huge surplus tied to the US currency and bonds makes it vulnerable to stability and value of the US currency.
President Obama can put his mind at ease and continue to print as much money as the country needs. China will have to continue with US Congress ridiculous politicking and stock up US currency as reserves in order to maintain the value Uncle Sam dollar.
So much so for US debt issue, Whom do you think is smarter in this case ? President Obama or China’s Hu Jintao? You be the judge.
Now and then I see pathetic and pitiful old folks walking around bus stations and other public places trying to earn meager income through selling tissue packets and etc. I always try to make it point to buy something from them even though I don’t really need any of those stuffs. Called charity or good deeds whatever, I felt sorry for the elderly folks.
We can’t deny the fact that looks and outward physically appearance does matter a lot when it comes to getting sales through face to face contact. Here’s something for a change. As the saying goes, dress to kill or rather dress to impress and make a sales.
This could be one of the most shocking or perhaps I should say one of the dumbest thing someone would ever do. Trade your vital organ for an iPad 2!. Check it out at China Daily
We may have heard of the desperate poor guy or woman who trade his kidney to survive due to extreme poverty but doing so for the sake of an iPad 2 just simply defies logic and beyond anyone’s comprehension!
