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China and Asia, land of Chance
China is changing rapidly, but the government controls the currency and seemingly no matter what the pressure, the RMB currency may not change much until after the Olympics. Many things may change then including taxes and interest rates against stock accounts to slow down the market. As a macro view though, the large oil companies, insurance companies, well-run banks, and construction companies will boom for a while. Energy, autos, and metals will be up and down on demand. But one thing shows a constant growth, and that is the idea that there is a viable Chinese consumer, and he or she will spend money on goods and services, especially in the booming travel industry. Asia travel for the Chinese is in high-growth mode. The Airline industry, hamstrung by the government’s ‘flight level altitude’ policy that dictates spacing between aircraft, will chang soon and more planes will be able to enter the air space with closer spacing. This will eliminate the horrible delays experienced now, especially when flying out of Shanghai. I am a little bullish on the economy because it will rely on itself, and the individuals here work to get things done. Is there a problem with the environment? Yes. With corruption? Yes; With some civil rights? Yes. But things don’t change in a day or week, and if one looks back 10 to 15 years, huge strides have been made internally. This is an interesting place to live and experience the constant change.
China and Asia, land of Chance
November 30, 2007
China is changing rapidly, but the government controls the currency and seemingly no matter what the pressure, the RMB currency may not change much until after the Olympics. Many things may change then including taxes and interest rates against stock accounts to slow down the market. As a macro view though, the large oil companies, insurance companies, well-run banks, and construction companies will boom for a while. Energy, autos, and metals will be up and down on demand. But one thing shows a constant growth, and that is the idea that there is a viable Chinese consumer, and he or she will spend money on goods and services, especially in the booming travel industry. Asia travel for the Chinese is in high-growth mode. The Airline industry, hamstrung by the government’s ‘flight level altitude’ policy that dictates spacing between aircraft, will chang soon and more planes will be able to enter the air space with closer spacing. This will eliminate the horrible delays experienced now, especially when flying out of Shanghai. I am a little bullish on the economy because it will rely on itself, and the individuals here work to get things done. Is there a problem with the environment? Yes. With corruption? Yes; With some civil rights? Yes. But things don’t change in a day or week, and if one looks back 10 to 15 years, huge strides have been made internally. This is an interesting place to live and experience the constant change. Posted by Walter E. Buczynski on November 30, 2007 | Comments (0)
Industries: Strategic Sourcing
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