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China's Hidden Borrowing?
Filed in archive News by Greg Cruey on March 14, 2010
Suzhou: is most of China's debt local government debt?
© d'n'c


2point6billion (a blog on economic issue in India and China) had an interesting blog post not long ago on China's "hidden" borrowing.

Officially, China has a public debt hovering at about 22% of its GDP. That's relatively low. The US has a public debt that's about 94% of GDP and the UK's public debt is closer to 380% of GDP. But Victor Shih, an economist at Northwestern University, has suggested that most of China's public debt is somehow shuffled down to local governments and may be as high as 96% of GDP.

Shih thinks that local governments in China will start defaulting on their debt soon. And he things the results will be a massive economic slowdown that will come to be known as something like the Chinese Recession of 2012.

Me? I'm not so sure. China's economy is resilient. And it keeps geeting revived by US investors. Maybe 2012 will be the year of the Chinese recession, but I doubt it?
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Top Chinese Casinos: Macau and Hong Kong Gambling Scene
Filed in archive Did you know by Donald Greg on March 11, 2010
The Venetian Macau
© xiquinhosilva


Gambling in Macau has been around probably since the invention of the chop sticks, but it became legal under the Portuguese in the 1850. Portugal promoted it as the "Monte Carlo of the Orient."

Most people don't know that only Chinese games were played until the 20th Century. But Western-style casinos were finally introduced in the late 1930's, and sports betting was not far behind. While gambling is also around in Hong Kong and doesn't look much different, ni Macau gambling is about half of the local economy and government revenue.

Macau has 28 casinos (the biggest is the The Venetian) and they all function as government franchises, and under a shared set of rules. So the gambling experience from one casino to the next isn't much different.

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Shanghai Life and How to Print Flyers Cheap
Filed in archive Quick introduction by Donald Greg on March 9, 2010
Huxingting Tea House
© madtpt


Life in Shanghai is what you make it. Most big cities are like that. If you let it, a job in most cities will eat your life. If you can set clear boundaries between what's professional and what's personal you can maintain the balance in your life - do a job well and still have time for some sort of private existence.

Sometimes your professional life and personal life do manage to overlap, though. And that can be okay. I recently needed a brochure flyer for work. I also needed to print flyers cheap for a small community group I belong to. Online printing is often the best way to both. Why not do them together?

Shanghai is a beautiful city - if you have a enough balance in your life to afford you the time to see it. I personally like walking around in the old city - places like Yu Garden and the City God Temple, or the Huxingting Tea House. You can feel the history around you. Shanghai is a place to be enjoyed
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Twittering from the Grand Wall (Thanks to Dell Coupons)
Filed in archive Quick introduction by Donald Greg on March 8, 2010
Westlake in Hangzhou
© BenBenW


It's easy in the investment world to think of China as one big business opportunity. But if you actually get to go to China, remember to budget a little time for seeing the place. Because China is much more than a business opportunity. It is a cradle of civilization filled with wonders, both natural and manmade.

A friend of mine was able to spend a couple of days touring China as part of a small delegation of business people from his state. He sent back links via Twitter to some beautiful pictures of the Great Wall that he uploaded on a laptop he managed to get at a discount whit some Dell coupons before he left on the trip.

The Great Wall is nice. It's part of the standard sorts of day trips and sight seeing adventures people go one from Beijing - along with places like Tiananmen Square, the Lama Temple, the Bell Tower, the Niujie Mosque, the Forbidden City. The list is much longer. But for my money I'd rather see West Lake in Hangzhou, or maybe the Yellow Mountains. And if time and finances allowed for it, I'd want to visit Guilin in the south and maybe see some of Yunnan Provinces mountainous terrain and tribal culture.

Like I said, it's easy to think of China as your own money garden. But if that's all it is to you, you're missing out on a lot that Chian has to offer.
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Seen that? - Hong Kong Remains at the Epicenter for Venture Deals
Filed in archive Best of by Creative Weblogging on March 6, 2010
Hong Kong Remains at the Epicenter for Venture Deals China Venture News

Seen that? - Hong Kong Remains at the Epicenter for Venture Deals
Hong Kong Venture Capital Association's chairman Vincent Chan, and the managing director of JAFCO Asia, maintains that the gateway to China is still at the epicenter for venture capital activity for the region. With nearly $25 billion under management, these HK venture capitalists do solidify their position as Asia's centre for venture capital management. "The HKVCA was formed in 1987 through the Hong Kong government initiatives. This is in contrast to [...] Read More


Mainland Chinese Can Now Buy Stocks in Hong Kong China Venture News

http://www.chinaventurenews.com/50226711/chinas_stock_markets_hong_kong.php [...] Read More


Lehman's Hong Kong Chaos China Venture News

CNN Money ran a piece yesterday on the chaos that the collapse of Lehman Brothers brought to Hong Kong...Lehman Brothers Holdings Inc. (LEH) suspended trading, investment banking and brokerage operations in Hong Kong - throwing its clients into disarray as markets fell sharply.While Lehman plans to maintain business in its asset management arm, the Hong Kong's securities regulator, the Securities and Futures Commission, said the Lehman asset management arm couldn't [...] Read More


Oxfam slams Hong Kong garment industry Sox First

The Hong Kong apparel industry has been given the thumbs down for its lack of accountability on labor standards and compliance.A report prepared by Oxfam Hong Kong, Transparency Report: How Hong Kong Garment Companies Can Improve Public Reporting of their Labour Standards, analyses the reporting of 16 Hong Kong garment companies, and finds they come up short.The 16 companies - PMDT, Texiwinca Holdings, Bossini International Holdings, Giordano International, heroic Rendezvous, Young [...] Read More


Hong Kong Hide-Away Hidden Travel Gems

Hong Kong is known as one of the most urbanized and crowded places on the planet. Anyone who has spent a Rush Hour in Kowloon would support that perception wholeheartedly. However, few people know that there are several sparsely inhabited islands near the urban centers of Kowloon and Hong Kong Island. One such island, which has been gaining popularity, is Lamma Island. Lamma Island's main village, Yung Ghue Wan offers [...] Read More
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