RMB Wrapup, Can China Sustain, and Will We Be Here to See it?
Here are a few of the articles and reports that were at the top of my list for this week. It is a bit deeper than usual, but each of these articles/ reports contain information that I think everyone should take the 20 minutes to read and reflect on.
Report – China’s Currency: A Summary of the Economic Issues (PDF)
Lost in all the recent product safety reports, has been the RMB… and while I am generally against the idea that China competes unfairly from the “undervalued RMB”, I put this report on my list of things to read this week as it provides a generally fair and balanced look at the RMB issue. for those who are not familiar with the history of the issue, or what effect an undervalued currncy can have, then you will find the article particularly interesting and informative.
Is China’s Economic Growth Sustainable? (PDF)
During my nearly 6 years in China, I have gone from being awe struck by the pace at which things move, to more realistic. While limited in scope, it is clear that with development comes cost, and over the last 6 months I have thought at times “Is China’s hyper development sustainable”. for those that are also asking that question, I suggest this article written by Alu Wyne. While only at 3 pages, the article is well written and does a good job of highlighting a number of keys points related to China’s ability to keep the ball rolling.
The personal price of doing business in China
China is a mix of old… and new.. good… and bad… and Silk Road’s post entitled the Personal Price of Doing Business in China does an excellent job of summing it all up. For those that do not remember the roller coaster ride I described, and admitted to loving, in my post celebrating my 5th year anniversary, you will see many similarities. To be honest, this is a topic that is discussed often in China, and for many it is a matter of accepting the toll on one’s health as part of the package. Stress levels are high, days are long, and you can sometimes taste the chemicals in the air… but for anyone still here, that is still not enough.
Read Original Post Here
Leave a Comment