I was away in China for a couple of weeks. Some of my observations>
1. Inflation is running high and people are anxious
2. No one believe the prices of real estate will ever drop which gives me some doubts
3. The construction of high speed rail is enormous in terms of both the mileage and speed.
4. urbanization is fast. Plenty of jobs in the cities.
5. Wage is on the rise for low skill workers.
Wednesday, January 19, 2011
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