ysun United States Local time: 20:00 Member (2006) English to Chinese + ...
体制与政策
Dec 21, 2010
wherestip wrote:
至于究竟为什么中国国内物价高, 而且涨价幅度大、速度快, 原因可能很多. 我是没有亲身经历, 没有什么发言权. 不过我个人感觉从大局来看, 可能在于 China's extremely fast-growing economy, with an average annual GDP growth rate of 10% or more for the past 30 years. 同时十几亿人口生活水平在很短时期内大幅度增长提高. 因此暂时出现一些供不应求的不平衡现象是难免的.
I agree. There are some things the Government should be doing to regulate commerce. With exorbitant home prices like that, it does seem like there is some gouging or fleecing going on in the residential real estate area.
[Edited at 2010-12-22 02:08 GMT]
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wherestip United States Local time: 20:00 Chinese to English + ...
China's rate hike
Dec 27, 2010
The Chinese rate hike sure was a zinger to the markets.
BTW, here are some fragments of a Wall Street Journal article by Al Lewis, titled "Christmas Cheer, Via China". The whole article is not available online unless by subscription.
The dream of Christmas is still alive. Many of us found it beneath our trees: Beautiful gifts, wrapped in festive paper, strung with shiny ribbons and bows.The wrapping paper may have been manufactured by Huizhou Maoye Printing & Packing Co. An ...
And "real American hero" G.I. Joe? More like G.I. Jian. Like the toys at its base, the Christmas tree, itself, may be made from plastic by ZheJiang YuZu Christmas Tree Co. or maybe Yiwu Zhongshan Christmas Crafts Co. ...
The author goes on and on about how a lot of Christmas decorations and consumer products are made overseas these days. He ends by saying,
"Maybe one cold Christmas morning Americans will wake up from their yuletide dreams, and there may not be so many wonderful things below the festooned boughs of their fake Christmas trees.
Because, in reality, there is no Santa Claus."
[Edited at 2010-12-27 16:58 GMT]
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ysun United States Local time: 20:00 Member (2006) English to Chinese + ...
Santa Claus does exist
Dec 27, 2010
wherestip wrote:
... Because, in reality, there is no Santa Claus."
Steve,
According to Lester Brown, President of the Earth Policy Institute, Santa Claus is Chinese
I know Santa Claus is Chinese because each Christmas morning after all the gifts are unwrapped and things settle down I systematically go through the presents to see where they are made.
The results are almost always the same — roughly 70% are from China. After some research, it seems that my one-family survey is representative of the country as a whole.
[Edited at 2010-12-27 17:28 GMT]
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ysun United States Local time: 20:00 Member (2006) English to Chinese + ...
LOS ANGELES (MarketWatch) -- The People's Bank of China's chief statistician, Sheng Songcheng, said in a state-media commentary Thursday that a gradual rise in the yuan's value against other currencies would help rather than hurt the nation's economy, according to reports. Sheng reportedly said the recent modest appreciation in the yuan hadn't hurt exporters. While China's foreign-exchange policy isn't determined by the central bank, Sheng's comments were widely reported as a possible sign of official thinking in Beijing. Following the remarks, the dollar hit an all-time intraday low of 6.6061 yuan.
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a token move?
Dec 31, 2010
wherestip wrote:
I just read that there are some recent signs of allowing the Chinese Yuan to appreciate against the U.S. Dollar.
Given that Hu Jintao is schedule to visit the US in January – and China’s fondness for symbolic policy gestures – a token move of 1% or so before then wouldn’t be surprising. As for the predicted 6% rise next year, well, that depends on inflation.
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wherestip United States Local time: 20:00 Chinese to English + ...
Given that Hu Jintao is schedule to visit the US in January – and China’s fondness for symbolic policy gestures – a token move of 1% or so before then wouldn’t be surprising. As for the predicted 6% rise next year, well, that depends on inflation.
Yueyin,
Yes, I agree with the point the blog makes. Thanks for providing the link.
With high inflation, maintaining the current exchange rate of around 6.6 : 1 would virtually have the effect of appreciating the Yuan against the Dollar. To further reduce the ratio on top of high inflation would be kind of a double whammy. It's indeed a hard move to make for the authorities.
Happy New Year to You and Your Family.
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ysun United States Local time: 20:00 Member (2006) English to Chinese + ...
Happy New Year!
Jan 1, 2011
wherestip wrote:
Happy New Year to You and Your Family.
Steve,
Thank you! I am now watching the New Year’s Eve celebration in Time Square on TV. The ball will drop in just a few minutes!
Happy New Year to you and all of my friends and colleagues!
Given that Hu Jintao is schedule to visit the US in January – and China’s fondness for symbolic policy gestures – a token move of 1% or so before then wouldn’t be surprising. As for the predicted 6% rise next year, well, that depends on inflation.
Yueyin,
Yes, I agree with the point the blog makes. Thanks for providing the link.
With high inflation, maintaining the current exchange rate of around 6.6 : 1 would virtually have the effect of appreciating the Yuan against the Dollar. To further reduce the ratio on top of high inflation would be kind of a double whammy. It's indeed a hard move to make for the authorities.
Yueyin,
Here's a few remarks that agrees with what we've been saying made by Tim Geithner ahead of Hu Jintao's state visit to the White House. I read it from a news report by the Associated Press.
On Friday at the White House, Geithner stressed that economic ties between Beijing and Washington mean China will likely become the largest trading partner of the United States in the next decade. Canada is currently the top trading partner.
"It's very important to understand that this is a relationship with very substantial economic benefits to the United States," Geithner told reporters at the White House.
The U.S. has been pressing the Chinese to raise the value of the yuan, a step the Chinese have taken incrementally since last June. But Geithner said Chinese inflation has also helped improve the competitiveness of American businesses in China.
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wherestip United States Local time: 20:00 Chinese to English + ...
Hu's take on the valuation of RMB and how to contain inflation
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ysun United States Local time: 20:00 Member (2006) English to Chinese + ...
Benefits are mutual
Jan 18, 2011
wherestip wrote:
Yueyin,
Here's a few remarks that agrees with what we've been saying made by Tim Geithner ahead of Hu Jintao's state visit to the White House. I read it from a news report by the Associated Press.
On Friday at the White House, Geithner stressed that economic ties between Beijing and Washington mean China will likely become the largest trading partner of the United States in the next decade. Canada is currently the top trading partner.
"It's very important to understand that this is a relationship with very substantial economic benefits to the United States," Geithner told reporters at the White House.
The U.S. has been pressing the Chinese to raise the value of the yuan, a step the Chinese have taken incrementally since last June. But Geithner said Chinese inflation has also helped improve the competitiveness of American businesses in China.
Steve,
I agree with the remarks made by Tim Geithner, the U.S. Secretary of the Treasury. Thank you!
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wherestip United States Local time: 20:00 Chinese to English + ...
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