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ysun
ysun  Identity Verified
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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.

Steve,

为什么中国国内物价高,而且涨价幅度大、速度快,作为一个普通老百姓,我也说不出个所以然来,但我觉得政府应该是有所作为的(如果真想改变这种局面的话)。真正的原因只能由那些经济学家们去研究了。我觉得,许多事情是很难完全以供求关系来解释的。例如,国内房价高得出奇,超出了大众的承受能力,但老百姓们却仍然在拼命地抢购。这是一种病态。为什么美国就没有这种怪现象?


 
wherestip
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房价高得出奇 Dec 21, 2010

ysun wrote:

Steve,

为什么中国国内物价高,而且涨价幅度大、速度快,作为一个普通老百姓,我也说不出个所以然来,但我觉得政府应该是有所作为的(如果真想改变这种局面的话)。真正的原因只能由那些经济学家们去研究了。我觉得,许多事情是很难完全以供求关系来解释的。例如,国内房价高得出奇,超出了大众的承受能力,但老百姓们却仍然在拼命地抢购。这是一种病态。为什么美国就没有这种怪现象?


Yueyin,

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]


 
wherestip
wherestip  Identity Verified
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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.



http://www.columbus.rr.com/home/topicdl/article/dlt/007P0ese0Xgqg/0gNiaQCfxg8vz/Christmas_Cheer_Via_China

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 ...





http://billionaires.forbes.com/article/0gNiaQCfxg8vz?q=China

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]


 
ysun
ysun  Identity Verified
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Local time: 21:34
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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

http://www.theglobalist.com/StoryId.aspx?StoryId=5854
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]


 
ysun
ysun  Identity Verified
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NORAD Tracks Santa Dec 27, 2010

http://www.noradsanta.org/en/index.html

http://www.noradsanta.org/en/anorad.html


 
wherestip
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Santa Claus Dec 30, 2010

ysun wrote:

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



Yueyin,

The weak Yuan probably contributed somewhat to the competitiveness of Chinese exports. At least that's what we've been told ... constantly.

I just read that there are some recent signs of allowing the Chinese Yuan to appreciate against the U.S. Dollar.

http://www.marketwatch.com/story/china-central-banker-voices-support-for-yuan-rise-2010-12-30?dist=beforebell



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.



 
ysun
ysun  Identity Verified
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Local time: 21:34
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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.

http://www.marketwatch.com/story/china-central-banker-voices-support-for-yuan-rise-2010-12-30?dist=beforebell

http://www.forexblog.org/2010/12/chinese-yuan-appreciation-or-inflation.html
Chinese Yuan: Appreciation or Inflation?
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.


 
wherestip
wherestip  Identity Verified
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Local time: 21:34
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Happy New Year Jan 1, 2011

ysun wrote:

http://www.forexblog.org/2010/12/chinese-yuan-appreciation-or-inflation.html
Chinese Yuan: Appreciation or Inflation?
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.


 
ysun
ysun  Identity Verified
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Local time: 21:34
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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!

http://www.youtube.com/watch?v=cNbfNrKKceI


 
wherestip
wherestip  Identity Verified
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Local time: 21:34
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Valuation of Currency and Inflation Jan 15, 2011

wherestip wrote:

ysun wrote:

http://www.forexblog.org/2010/12/chinese-yuan-appreciation-or-inflation.html
Chinese Yuan: Appreciation or Inflation?
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.



 
wherestip
wherestip  Identity Verified
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Local time: 21:34
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Hu's take on the valuation of RMB and how to contain inflation Jan 17, 2011

Here's a glimpse from a clip by Asia Today ...

http://www.marketwatch.com/video/asset/asia-today-hu-on-currencies-china-economy/60615F7F-0260-4C4A-925C-ACEF67D110C8


 
ysun
ysun  Identity Verified
United States
Local time: 21:34
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!


 
wherestip
wherestip  Identity Verified
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Local time: 21:34
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Brazilians Coming to Florida Looking for Bargains Jan 16, 2012

It's not unique to the Chinese ...

http://www.cnn.com/video/?hpt=hp_t3#/video/us/2012/01/16/zarrella-brazil-florida-buying-power.cnn


[Edited at 2012-01-16 16:08 GMT]


 
wherestip
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Local time: 21:34
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Chinese make 25% of world's luxury buys Sep 6, 2012

http://money.cnn.com/2012/09/06/news/economy/china-luxury/index.html



Chinese consumers are tightening their grip on the luxury goods market.

An estimated 25% of the world's luxury purchases are now made by Chinese nationals -- a five-fold increase from 5% in 2007, according to a new report from global bank HSBC.

...

At present, Chinese nationals do much of their shopping outside mainland China, where tax advantages and currency swings can drive prices down. Buyers making purchases outside China often face a lower value-added tax, while consumption and import taxes are skirted as well.

Indeed, only about 10% of luxury sales are made in China -- but Chinese nationals account for 25% of luxury retailers' global revenue.

...

The report also cites concerns over the widening wealth gap between top earners in China and the poor.

"In a country which is still struggling with relatively low average GDP per capita, social tension is rising between the have and have-nots," the analysts write. "Social unrest has become a possibility and people making ostentatious displays of their wealth and social status risk angering those less well-off."



 
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