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	<title>China Tells &#187; Gossip China (八卦天下)</title>
	<atom:link href="http://blog.chinatells.com/category/gossip/feed" rel="self" type="application/rss+xml" />
	<link>http://blog.chinatells.com</link>
	<description>Investor&#039;s Portal to China</description>
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		<item>
		<title>Chinese professor in 2030 (2030的遐想)</title>
		<link>http://blog.chinatells.com/2010/10/4675</link>
		<comments>http://blog.chinatells.com/2010/10/4675#comments</comments>
		<pubDate>Fri, 22 Oct 2010 02:30:48 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Video China (镜下百态)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4675</guid>
		<description><![CDATA[A Chinese professor was giving a lesson to students in 2030 - and summarizes the reasons why American empire failed. 

2030年一个中国教授给学生授课同时指出美帝国主义衰败的根本原因。
]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Decouple Deja Vu (脱钩再现)</title>
		<link>http://blog.chinatells.com/2010/09/4611</link>
		<comments>http://blog.chinatells.com/2010/09/4611#comments</comments>
		<pubDate>Sat, 18 Sep 2010 14:20:18 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Investing China (投资视角)]]></category>
		<category><![CDATA[Publication (出版发行)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4611</guid>
		<description><![CDATA[In 2007 just before the great recession, a theory of ‘de-coupling’ caught the attention of most economists and market commentators. The argument goes that as the emerging markets such as China and India have developed robust domestic markets, they are likely to be de-coupled from a slow down of economic development in G7, lead by USA.

In the last six months, it seems that the argument of decouple is coming back again. Based on the fact that GDP growth in most emerging economies have outperformed that in developed world (see Table 1), the argument goes, the world is likely to see a more endogenous economic bloc that fuel their growth through a solid domestic consumption plus cross boarder trades between the emerging economies themselves.

Naturally the question is asked: are we really seeing a de-couple version 2.0 happening in the world economy? Are emerging economies, particularly China, really immune from a slow down in the developed world?

To answer this question, one needs to look back to what happened in ‘08/09 when decouple 1.0 took place.

The above table showed the GDP growth of several emerging economies and developed economies during 08/09 from trough (March 09) to recovery (Dec 09) when the global financial crisis hit most of the countries. Several observations can be drawn from the above table:

1)      Some emerging economies such as Brazil, South Korea and Taiwan were hit harder than USA

2)      Some emerging economies such as China, India and Indonesia faired better than USA

3)      Those economies that were hit hard, such as Brazil, South Korea and Taiwan tend to recover fast as well

4)      China seems to be the most resilient economy of all as she suffered less growth loss while recovered faster than most peers.

From the above finding, there does seem to be a case to be made that China has decoupled from USA, in the sense that China’s economy didn’t suffer as much, and China recovered from a slow down earliest while USA seems still struggling in the deep hole of double dip even today.

However, if we take a closer look at what happened during that period, one might draw a slightly different conclusion.

To start with, China’s export was hit as hard as all the other emerging economies, if not harder, during the financial crisis. For example, China’s y-o-y export growth has slowed down from 20% in Oct 08 to -25% in Feb 09 (see Table 3 below). The export growth continues to be negative for about 13 months before it recovered to positive territory in Dec 09.

So what was the secret recipe of decouple? In my opinion, the answer lies in the aggressive expansion of government lead monetary and fiscal policy.

Table 3 – China’s Fiscal and Monetary Expansion in 08/09

Item
	

Beginning of Crisis (Oct 08)
	

Middle of Crisis (June 09)
	

Difference

Export Growth
	

20%
	

-20%
	

-40%

FAI Growth
	

27%
	

33%
	

+6%

M2 Growth
	

15%
	

28.5%
	

+13.5%

Overnight Inter-bank lending Rate
	

2.5%
	

0.6%
	

-1.9%

Source: Bloomberg

As shown from the above table, during the financial crisis, China government has launched aggressive fiscal expansion (the 4 trillion stimulus program that has boosted the Fixed Asset Investment Growth) and monetary expansion (by increasing the M2 growth exponentially while slashing the inter-banking lending rate almost to zero).

Such a determinant policy reaction has delivered powerful results, especially in boosting the output of the economy. As a result, China’s real GDP grew a championing 9.1% in 2009. A closer look at the component contribution of GDP reveals interesting findings: domestic consumption contributed 4.6% of GDP growth, while gross capital formation contributed a whopping 8.2%, and net export contributed -3.8%. Note that in 2007, which is a normal year before the financial crisis, gross capital formation contributed around 6.1% of GDP, while net export contributed 2.5%. In other words, without the fiscal and monetary expansion, China’s GDP growth in 2009 probably would be around 6.9% (assuming consumption 4.6% + investment 6.1% - export 3.8%) instead of 9.1% as reported.

Table 4 – China’s GDP Growth components contribution in 2007 and 2009

 
	

2007
	

2009
	

2009 without stimulus

GDP Growth (Real)
	

14.2%
	

9.1%
	

+6.9%?

Consumption
	

+5.6%
	

+4.6%
	

+4.6%

Gross Capital Formation
	

+6.1%
	

+8.2%
	

+6.1%

Net Export
	

+2.5%
	

-3.8%
	

-3.8%

Source: Bloomberg, CEIC

Following the above analysis, I reach the conclusion that for China to maintain a growth of around 10% for 2010 and 2011, either domestic consumption will have to pick up, or the government needs to continue to stimulate the economy with more capital investment. The main reason is that export is unlikely to make any positive contribution to the GDP growth in this and next year. In fact, consider the economic outlook of USA and the amounting political pressure on the rate of RMB, we are more likely to see a negative contribution of export to the GDP growth.

That leaves consumption and investment. On the consumption, note that China’s consumption over GDP has continued to drop from about 62.5% in 2000 to a low of 48.6% in 2009. There are a lot of structural reasons for an excessively low consumption in the country’s GDP, which is beyond the scope of this article. However, it merely would be highly challenging for the government to change the structure of economic growth in a short period such as one to two years.

So now we are back to investment again, which is the secret weapon that has saved China from the financial crisis. Consider that the interest rate has already been slashed aggressively, and the side-effect of malicious money growth has already been felt in some asset class such as the real estate sector, whether this weapon would have the same effect on boosting economy without more side-effect is highly questionable. My view is that at least the government would be more cautious this time to unleash any additional spending program on the similar scale as what they did in 2009.

So, is China decoupled? I believe readers will form their own opinion. One thing, however, is clear to me that it would be quite a big challenge for China to de-couple again this time (if China is considered to have decoupled in 08/09), should a recession hit USA again in the near future.]]></description>
		<wfw:commentRss>http://blog.chinatells.com/2010/09/4611/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>China in Foreigner&#8217;s Eye (老外看中国)</title>
		<link>http://blog.chinatells.com/2010/08/4568</link>
		<comments>http://blog.chinatells.com/2010/08/4568#comments</comments>
		<pubDate>Sat, 21 Aug 2010 05:53:05 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4568</guid>
		<description><![CDATA[According to a survey done by The Associated Press, People from different countries have very different opinions on China. The Press asked the respondents' view about China on a) Overall; b) economic power. According to their released result, the nationalities that love China most are Pakistanis and Nigerians, followed by Argentinian, Indonesian and Jordanian. The people who give a most negative score to China are Japanese, Turkey, French and German.

根据美联社最近的一项调查，世界各国受访民众对中国的态度大相径庭。比如对中国最欣赏的国民有巴基斯坦人和尼日利亚人。而对中国嗤之以鼻的民众主要来自于日本，德国，法国和土耳其。看来还是第三世界更支持中国。]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Long Trust Multi Trading</title>
		<link>http://blog.chinatells.com/2010/08/4552</link>
		<comments>http://blog.chinatells.com/2010/08/4552#comments</comments>
		<pubDate>Tue, 17 Aug 2010 12:59:52 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4552</guid>
		<description><![CDATA[Long Trust Multi Trading is a British run company operating in China. Long Trust Multi Trading Company Limited was founded by Dr F. Chui and is a fully licensed trading company. We have  twenty years collective experience of exporting from China and constantly strive with our manufacturers to represent the best side of “made in China.” [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>People to People Sales Leads</title>
		<link>http://blog.chinatells.com/2010/08/4548</link>
		<comments>http://blog.chinatells.com/2010/08/4548#comments</comments>
		<pubDate>Tue, 17 Aug 2010 12:25:48 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4548</guid>
		<description><![CDATA[People2People Sales Leads is a niche lead company that provides custom sales leads for your marketplace. All of our leads are our existing clients who are families that have requested our no cost services. Each client is individually hand generated, in-person, and face-to-face and we allow you to use them for your selling needs. Related [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The List of Small Business Ideas</title>
		<link>http://blog.chinatells.com/2010/08/4544</link>
		<comments>http://blog.chinatells.com/2010/08/4544#comments</comments>
		<pubDate>Tue, 17 Aug 2010 12:20:54 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4544</guid>
		<description><![CDATA[The List of Small Business Ideas Looking for a list of small business ideas? Then you&#8217;ve come to the right place. Most lists are simply that: a list. A dry, boring, uninformative list. But that&#8217;s not what you want. You want to find a real business model for generating income. You want a pathway to [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Inflation Proof Investor</title>
		<link>http://blog.chinatells.com/2010/08/4541</link>
		<comments>http://blog.chinatells.com/2010/08/4541#comments</comments>
		<pubDate>Tue, 17 Aug 2010 12:14:52 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4541</guid>
		<description><![CDATA[Here is a good solution you may be interested in. Inflation Proof Investor  is a Pan-European investment vehicle for retail investors to beat inflation and benefit from the largest ongoing wealth opportunity of recent decades. They offer Precious Metals and other Alternative Investments related solutions to mitigate the political risk your assets are exposed to. By diversifying your investments into different asset classes and jurisdictions - mostly connected to Europe's No.1 financial location, Liechtenstein - your assets are no longer under any one Government's control. You benefit from free access to all investment classes, tax benefits, the highest discretion of Lichtenstein Law and bankruptcy protection.]]></description>
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		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Shenzhen has the highest urbanization rate (深圳城市化百分百)</title>
		<link>http://blog.chinatells.com/2010/08/4505</link>
		<comments>http://blog.chinatells.com/2010/08/4505#comments</comments>
		<pubDate>Sun, 01 Aug 2010 06:31:29 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Investing China (投资视角)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>
		<category><![CDATA[Stats China (统计图表)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4505</guid>
		<description><![CDATA[According to the stats from China's Bureau of Statistics, Shenzhen has the highest urbanization rate in China, equal to 100%. The other cities with a relatively high urbanization rate are Beijing, Shanghai, and Guangzhou. In terms of population, Shanghai tops the league with almost 20 million people, followed closely by Chongqing and Beijing. There are five cities in China with a population more than 10 million.

根据中国统计局的资料，深圳是全中国城市化程度最高的城市，达到了100%。北京，上海和广州紧跟其后，均在80%以上。人口方面，上海的总人口接近2千万，居全国之首。北京和重庆其次。怪不得在这几个城市总让人感觉喘不过气来。]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Mystery of China&#8217;s Grey Income (灰色收入探秘)</title>
		<link>http://blog.chinatells.com/2010/07/4496</link>
		<comments>http://blog.chinatells.com/2010/07/4496#comments</comments>
		<pubDate>Sun, 25 Jul 2010 13:48:48 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Investing China (投资视角)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>
		<category><![CDATA[Stats China (统计图表)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4496</guid>
		<description><![CDATA[What is the real income of a Chinese household? There seems never a clear answer. The National Bureau of Statistics does release the estimate of Chinese household's income on a national level. However, the figure looks unrealistically low. For example, according to the official figure in 2008, the mean income of China's top 10% household is only at a mere 40,000 RMB per annuam (equivalent to slightly less than USD 6,000 per year). A largely quoted reason for the ambiguity of Chinese household's income is that a lot of households have grey income which is very difficult to identify and therefore recorded by the government. To address such issue, Professor Wang Xiaolu of China Reform Foundation conducted a study to explore the grey income of China's households. According to Professor Wang's study, there is an average premium of 90% grey income to China's households on a national basis. In other words, on average China's households earn almost double what the official statistics suggests (and therefore pay half the tax). In a more detailed analysis, Prof Wang reveals that the grey income premium is the most among top 10% household incomers, amounting to an astonishing 220%. In other words, for most of China's top 10% household, a large bulk of their income is other than salary or reported earning.

中国家庭的收入到底有多少？这是一个很难讲的清除的问题。即使政府每年都有官方数据，但是几乎没有人相信官方数据的可靠性。主要原因是大部分家庭都有这样或者那样的灰色收入。为了探清这个问题，王晓路教授遍访全国收集了第一手资料来求解这个问题的答案。根据王教授的研究，中国家庭平均的灰色收入占到家庭总收入的接近一半。而这样的灰色收入在高收入家庭中尤其明显。对于中国最富有的10%的家庭来说，其灰色收入竟然占到了总收入的2/3强。]]></description>
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		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Chinatells Ranked as one of the Best to Follow on China Business (恭喜中国通获大奖)</title>
		<link>http://blog.chinatells.com/2010/06/4397</link>
		<comments>http://blog.chinatells.com/2010/06/4397#comments</comments>
		<pubDate>Wed, 16 Jun 2010 13:29:29 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4397</guid>
		<description><![CDATA[China Tells has been ranked as one of the Best Blogs to Follow on China Business by Online College. Online College is a one-stop source for going back to school. If you want to change your career or advance your current one, online college may be the best, most convenient option for you. Read through [...]]]></description>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Successful Stock Trading</title>
		<link>http://blog.chinatells.com/2010/03/4150</link>
		<comments>http://blog.chinatells.com/2010/03/4150#comments</comments>
		<pubDate>Thu, 11 Mar 2010 00:06:17 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4150</guid>
		<description><![CDATA[From Successful Stock Trading Is Stock Trading For You? I have my reasons for stock market trading. You may hear them and say to yourself &#8220;wow, that&#8217;s me&#8221;. or you may think &#8220;naa, Id rather spend my money on something else&#8221;. So, it is not for everyone. If the following qualities apply to you, it [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>A letter to Michael Dell &#8211; 售后噩梦：我给迈克尔戴尔的上访信全文 &#8211; 罗比原创</title>
		<link>http://blog.chinatells.com/2010/03/4120</link>
		<comments>http://blog.chinatells.com/2010/03/4120#comments</comments>
		<pubDate>Thu, 04 Mar 2010 08:14:54 +0000</pubDate>
		<dc:creator>roby</dc:creator>
				<category><![CDATA[From China (内部思潮)]]></category>
		<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4120</guid>
		<description><![CDATA[去年（09年）七月要买台式机给家人用，因为公司和DELL是Partner，可以享受大客户的折扣，所以就通过一个熟悉的DELL销售经理 Nancy下了单。整个过程一如既往的便捷和方便（十年来已经买过不下五台DELL产品），大约一星期后收到两个大箱子。小插曲是当时windows7还没发布，DELL的销售说让加钱买个pro版本的Vista，DELL网站承诺可以直接免费升级到windows7（09年10月发布）。没想到这个插曲后来就成了噩梦。

十一月下旬偶尔看到相关新闻想起来windows7的升级包的事情，上DELL网站查看居然已经有了，但是要自己上一个网站注册，并支付运费。当下就觉得这个服务很糟糕，因为这期间就没有任何DELL官方的通知发到我手机或者Email地址（这种服务我家楼下卖面包的都有）而且运费一说彻底颠覆了我对free upgrade的理解，要不是我残存的记忆力+熟练打开浏览器的能动力+正确访问DELL的官网而非某个山寨诈骗页面的辨识力+在一个角落发现这个页面欲遮还羞的观察力+一定的货币支付能力，我可能就此得不到这个蒸贵的服务包了，想到此处不由得一身冷汗。噼里啪啦填了在线表格，到得最后一步输入我的服务标签时杯具出现了，网站提示无法识别我的服务标签，在我不懈尝试数十次，期间更换了三种浏览器，两幅键盘鼠标，东西南北四个座位朝向后宣告失败。于是我发了 Email询问销售，得到回复是IT界著名金玉良言之“等等再试”。]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Big Change of Global Terran with Powers (大国国土沧海桑田)</title>
		<link>http://blog.chinatells.com/2010/01/4011</link>
		<comments>http://blog.chinatells.com/2010/01/4011#comments</comments>
		<pubDate>Sat, 23 Jan 2010 09:48:37 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>
		<category><![CDATA[Stats China (统计图表)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=4011</guid>
		<description><![CDATA[In the last 500 years, there has been a great change of World Powers in terms of the terran that they control. There are a few notable changes: 1) British Empire used to control the world's biggest size of terrans, through direct governing or colonial management. However after they achieved the peak in 1900s, the advantage has been totally smashed by two world wars; 2) American territory started to expand in the late 1700s but they never grow much bigger even during 1900s and 2000s with its empire power dominating the world; 3) Chinese is the only country with a stable control of the terran size in the last 500 years; 4) Some western european powers, such as Spanish, Portuguese and French seem to have a short life time of territory control.

过去的五百年间，大国崛起，轮流坐庄。但是沧海桑田，谁也没有能够保持长盛不衰。最显著的例子即大英帝国，曾经拥有全球超过15%的领土，堪称前无古人后无来者，但是经历了两次世界大战，其对海外的影响力日渐微弱。中国人控制的领土似乎在过去500年中是最稳定的，除了少许损失，几乎没有什么大的变化。]]></description>
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		</item>
		<item>
		<title>Kids 4 Biz: Free Market Capitalism is Good</title>
		<link>http://blog.chinatells.com/2010/01/3901</link>
		<comments>http://blog.chinatells.com/2010/01/3901#comments</comments>
		<pubDate>Wed, 06 Jan 2010 06:10:22 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3901</guid>
		<description><![CDATA[This is a very special website: KIDS4BIZ Our mission is to teach kids that free market Capitalism is GOOD! &#8220;Kids will learn from these. But adults would, too! Should be mandatory reading in Washington.&#8221; Steve Forbes, Forbes Magazine &#8220;&#8216;Johnny Profit&#8217; bucks convention and takes the labels of guilt and greed out of honest profit making. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>People Self Development</title>
		<link>http://blog.chinatells.com/2010/01/3898</link>
		<comments>http://blog.chinatells.com/2010/01/3898#comments</comments>
		<pubDate>Wed, 06 Jan 2010 06:05:41 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3898</guid>
		<description><![CDATA[Self development breeds success! I hope you enjoy this store of ebooks and seminars as much as I did putting it together. Like you,I am keenly interested in selfdevelopment and in improving my life and understanding through good books and seminars. Whether you&#8217;re an avid reader looking for just the right ebook to enhance your [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Value Investing for DIY Investors</title>
		<link>http://blog.chinatells.com/2010/01/3895</link>
		<comments>http://blog.chinatells.com/2010/01/3895#comments</comments>
		<pubDate>Wed, 06 Jan 2010 06:01:19 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3895</guid>
		<description><![CDATA[Stock Value Investing is a website that shares the valuable experience and tips from the author for DIY investors in the stock market world wide. Some stock tips are general investing tips that all investors need to heed, whereas others are more specific value investing tips. Think of these tips as &#8216;truisms&#8217;, namely advice that [...]]]></description>
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		</item>
		<item>
		<title>Shanghai Dialect at the jeapordy of being wiped out (上海话前景堪忧)</title>
		<link>http://blog.chinatells.com/2009/12/3853</link>
		<comments>http://blog.chinatells.com/2009/12/3853#comments</comments>
		<pubDate>Thu, 31 Dec 2009 13:16:00 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3853</guid>
		<description><![CDATA[Shanghai Dialect (Called Shanghai Hua) used to be a dialect that is the proud of millions of local Shanghainese. Being able to speak Shanghai Hua is a pass to be recognized as a legitimate Shanghainese, or 'in the loop'. Otherwise there is a serious caveat that one would be labeled as 'Peasant' (Called Xiang Xia Ren), or 'one that lacks good education or manner'. In the last decade, however, the trend has changed (See Article from Global Times). The Shanghai government has been pushing hard to promote the use of Mandarin as the only used language in schools and public occasions. More and more Shanghai local kids speak mandarin much better that they can speak Shanghai Hua. In addition, the media seems on the side of 'Peasants' as well to portrait Shanghainese speaking Shanghai Hua as an unfriendly gesture towards non-Shanghainese. At the same time, however, Shanghai continues to be one of the most attractive cities in China for young people from all over the country to pursue their dreams, despite the complaints from some to claim Shanghai as an unfriendly city. Funny enough, such a change is making Shanghai Hua speaking Shanghainese more and more of a minority. In fact it would be greatly disturbing and disappoiting for Shanghainese to see the local culture being disadvantaged and harmonized while the other culture, such as Cantonese and Hock Kian (Dialect from Fujian province) continue to prosper, not only in South China, but also overseas. Given the current trend, it is very likely that Shanghai dialect and local opera (Called Hu Ju) will no longer exist or be known to the next generation.

上海话曾经是金钱，权力和时髦的象征。特别是在上海，如果不会说上海话，很可能会被冠以‘乡下人’的美名。但是10年河东10年河西，让上海人怎么也想不通的是，曾经有的上海话优势似乎在一夜之间丧失殆尽。现在上海几乎所有的中小学都严格要求学生讲普通话，大部分学生的普通话要比其母语上海话说得更好，同时说上海话也在舆论圈被戴上排外自私的高帽。上海话的境遇和中国一些其他地方的方言，如广东话，福建话和潮州话相差甚远。这些方言不仅在东南沿海发展兴隆，而且在海外各大城市以及唐人街受到广泛追捧。照现在的趋势，上海方言和地方戏很可能在可预见的将来不复存在，或者被逐渐边缘化。]]></description>
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		<item>
		<title>Shanghai Expo Countdown (世博倒计时)</title>
		<link>http://blog.chinatells.com/2009/12/3844</link>
		<comments>http://blog.chinatells.com/2009/12/3844#comments</comments>
		<pubDate>Wed, 30 Dec 2009 03:10:49 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3844</guid>
		<description><![CDATA[During May - Oct 2010 Shanghai is going to hold an Expo. It is the first Expo that took place in the New China since the country was liberated in 1949. Arguably Nanjing held the very first Expo in China in the beginning of 20th century. Shanghai government has invested huge for the '10 Expo (See Article from Economist): a new metro system by the time of completion that will be as complext as the one in London, the two big airports that have been both expanded, and thousands of new construction sites. There is no doubt that the Shanghai 2010 expo will be a great success with impressive projects overshadowing the rest of the world. However, there is also concern and questioning on why the government need to spend so much resource on a seemingly window dressing project, and what real benefit does China obtain from such a mega event. Either way, Shanghai Expo is going to be an exciting event in 2010 worth expecting and we wish Shanghai best luck!

上海世博进入倒计时，再过5个月就要鸣锣开张。为了此次世博会上海市政府投入巨量人力和资金，誓将此会办成有史以来最震撼人心的世博会之一。理论上南京是中国第一个办世博会的城市，但是那是在新中国成立以前。这次的上海世博会必将成为新中国展示改革成就的盛会。]]></description>
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		</item>
		<item>
		<title>Free Trade across Taiwan Straits (台海自由贸易指日可待)</title>
		<link>http://blog.chinatells.com/2009/12/3775</link>
		<comments>http://blog.chinatells.com/2009/12/3775#comments</comments>
		<pubDate>Mon, 21 Dec 2009 06:23:39 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3775</guid>
		<description><![CDATA[Beijing and Taipei are going to launch a talk on free trade and Economic Cooperation Framework Agreement (ECFA) in next week. If such negotiation goes through, it would be the most open and agressive free trade deal across the Taiwan straits (See Article from WSJ). Taiwan's export oriented economy has been beatn badly during the financial crisis starting from 2008. The current government was hoping that a closer tie with the mainland would boost the island's economy and people's confidence. According to the government's estimate, such a free trade agreement would contribute 1.6-1.7% of Taiwan's GDP and bring 263,000 jobs. In addition, such an agreement would benefit multiple industries such as banking, agriculture, petrochemical, manufacturer and textile. 

台湾海峡自由贸易谈判将在下周启动。如果该协定获得通过，那么台海两岸的经济将进一步拉近并且获得极大刺激。自马英九上台以来，台海两岸关系发展神速，已经开通了两岸直航，陆客游览等，但是这些措施的政治效应大于经济效应。台湾目前有大部分企业都在大陆有重要投资，并且主要靠大陆的市场撑起半边天。
]]></description>
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		</item>
		<item>
		<title>China Biggest Exporter of Brains to USA (中国学生蜂拥美国大学)</title>
		<link>http://blog.chinatells.com/2009/12/3760</link>
		<comments>http://blog.chinatells.com/2009/12/3760#comments</comments>
		<pubDate>Mon, 21 Dec 2009 02:12:51 +0000</pubDate>
		<dc:creator>Wushu</dc:creator>
				<category><![CDATA[Gossip China (八卦天下)]]></category>
		<category><![CDATA[Macro China (国际视点)]]></category>

		<guid isPermaLink="false">http://blog.chinatells.com/?p=3760</guid>
		<description><![CDATA[Chinese students top the foreign students league to study in American universities in 07/08 (See Article from Economist). According to the latest estimate, 23,779 Chinese students have gone to USA for further study during 07/08, which makes China the biggest exporter of Students to USA and beats the combined number from No.2 (India) and No.3 (Korea). From that point of  view, China is literally the biggest exporter of Brains to USA.

美国大学继续成为中国学子向往的天堂。根据最新统计，2007/08年共有2万3千多名中国学生去美国留学，创美国外籍学生之冠。中国留学生总数比排名第二的印度和第三的韩国留学生加起来的总数还要多。中国已经成为美国名副其实的人才培训基地。
]]></description>
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