posted on Jul, 26 2005 @ 03:28 AM
Originally posted by Dallas
Hi there jerry_fd. So, what's new in China, it's manufacturing machine and government foreign policies?
Chinese Economics interest me and perhaps you may share your first hand account of these areas?
Hi Dallas, my work is focusing on ERP offshore development. So, I don't have much info to tell you about manufacturing. But it's said some homemade
automobiles are exporting to foreign countries. The brand is Cherry maybe. (吉利 in Chinese). I hope it can become a world-wide famous brand in
future because we haven't such one yet while India has Tata
And now, more and more companies are implementing ERP system. You know, there're many
huge group companies in China as well. They are thinking of IT technology to help reduce cost in every phase of production.
As for foreign policies, I think the government will be tough on the affairs with Japan. Japan, I mean her government and leaders, does anger Chinese
people. In fact, our government has a wide national support to againt Japan, especially on Diaoyu Islands, Border of East China Sea and Reform of
RMB rose by 2% several days ago, but it hasn't produced any domestic effect yet. Some people expect the revaluation can help to cool down the
enthusiasm in real estate. The price has kept rising for at least 3 years, which most residents cannot afford. It will certainly arouse some social
problems if the price keeps going up. Fortunately, the tax rate on real estate becomes much higher according to the new policies published in May and
June. Thus, it prevents Hot money to enter real estate for profit to a certain extend.