Archive for the ‘economy’ Category

I want to punch the American media in the face

Wednesday, June 18th, 2008

I've never been able to understand why American newspapers can't get decent journalists covering China. Though I suspect sometimes that the problem is with the editors. Either way a recent joke of an article from the New York Times is a textbook example of how American papers can't seem to ...

Kevin Rudd believes he’s superman

Thursday, June 5th, 2008

Kevin Rudd is trying to seriously organize a pan-Asian free trade/security agreement (the word EU is bandied around quite a bit in the article), which would include such assorted groups as ASEAN, Japan, India, Indonesia, China, and... the US??? The organization look like it would be more focused on security ...

Bob Dylan on inflation

Saturday, April 5th, 2008

I was playing with a title for my Abacus article for next month, and remembering Bob Dylan's statement that he tries to have a song for every occasion thought to name it "High Water Rising." I picked the song out on my iPod and discovered. "High water rising, rising night and ...

Google jokes about the Chinese Economy

Wednesday, April 2nd, 2008

The site is in Chinese, but here is the Wikipedia entry about it: [On April 1, 2008], Google launches Manpower Search (谷歌人肉搜索) in China (google.cn). This new feature is powered by 25 million volunteers who do the searching around the clock. When the user entered a keyword, volunteers will search any ...

Exchange rate excitement

Tuesday, April 1st, 2008

The RMB is tottering on the edge of 7 to the dollar, and it seems to be getting people fairly excited. While I don't exactly know how forex markets work to everyday tourist, my parents are being quoted rates of 6 to the dollar for their upcoming trip to China. ...

All the Rice in China

Tuesday, April 1st, 2008

Anyone living in China can’t fail to have noticed the sharp price increases in recent months. Zhang Hong has written a fascinating piece for our magazine this month – link to follow - on how the rising cost of living in Chinese cities has lead to a major shortage of ...

The new economy

Wednesday, March 19th, 2008

I occasionally thank the lord that I'm not really competing with Chinese people for work Tian Chengping, Minister of Labor and Social Security, said on March 9 that there are 24 million job-seekers in cities and towns every year, including the new additional urban workforce and the people carried over from ...

The Sky is Falling!

Monday, March 17th, 2008

Shanghai Composite Index: 3830 (against a high of 6,124) Blackstone: 15.78 (against an IPO of 31) The CEO of Blackstone received $350 million in compensation in 2007, because he is a hero of the new economy. BGSHARETHIS.addEntry({ title: "The Sky is Falling!", url: "http://www.theyuanalsorises.com/index.php/2008/03/17/the-sky-is-falling/" });

Women Are So Money

Wednesday, March 12th, 2008

Interesting commentary from a Bloomberg News columnist about China's female shortage. It mentions a Goldman report that says that promoting the education, health, & general development of women in developing countries could actually help their economies. Our finance editor Bradley Gardner called my attention to the Goldman report last month while we were putting together ...

The cost of living…

Thursday, March 6th, 2008

Beer inflation has gone crazy where I live, with most restaurants I visit upping their costs 1 kuai, and my corner store raising prices from 2 to 2.5 kuai. This could lead to me going broke in the next few months... BGSHARETHIS.addEntry({ title: "The cost of living...", url: "http://www.theyuanalsorises.com/index.php/2008/03/06/the-cost-of-living/" });