Search found 157 matches

by heech
12 May 2013 19:43
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Well, Apple first happened in the US, and specifically Sili Valley. Same for Cisco, Boeing, Intel, AMD etc. There is a difference in being the first with a viable technology vs. developing a variation of it post-facto, after release in the market (am sure you understand this). I really don't unders...
by heech
11 May 2013 18:28
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

I often hear "innovation" or "creativity" being cited as a fundamental difference between the US and China.... but almost always by people who aren't really involved in the innovation industry. I'm not sure I see substance in the idea that US has some sort of permanently lead in ...
by heech
10 May 2013 22:41
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

This is the real problem with CHINA : http://www.nytimes.com/2013/01/25/business/as-graduates-rise-in-china-office-jobs-fail-to-keep-up.html?pagewanted=all&_r=0 Too many grads and less jobs suitable for them. Time to shift to knowledge based service economy... Is the glass half full, or half em...
by heech
10 May 2013 01:55
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

I'm pretty sure I've said this before... but I remember being on this forum when people were citing not just Gordon Chang, but Rawski's work about GDP growth in 1999 (14 years ago now). http://www.pitt.edu/~tgrawski/papers2001/gdp912f.pdf Let's make it simple. Statistics about Chinese growth, especi...
by heech
10 May 2013 01:42
Forum: Technology & Economic Forum
Topic: The China China does not want to be known
Replies: 57
Views: 6658

Re: The China China does not want to be known

Quality of life of a nation is reflected in that of the common folks of that country so i keep looking at random pictures of the common folks of China. So far I see similar to India only. If I would look at the no. 2 manfacturer of the world, i would see a much much better quality of life in the co...
by heech
09 May 2013 01:16
Forum: Technology & Economic Forum
Topic: The China China does not want to be known
Replies: 57
Views: 6658

Re: The China China does not want to be known

http://news.in.msn.com/gallery/chinese-inventions-in-pics I cannot see any correlation of the quality of life seen in these pictures, to being no. 1 manufacturing nation and the no. 1 forex holding nation. Where has the wealth, acquired from manufacturing gone..... A) I don't really see anything wr...
by heech
04 May 2013 02:20
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Now, you're just making stuff up. Take for example the Beijing-Shanghai HSR. It starts at Beijing South Station, which was originally built in the 1890's. It's located on the third ring. No, the HSR doesn't start at the Forbidden City, but everyone else non-Indian would consider it city center. And...
by heech
03 May 2013 03:08
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

With migrant workers now averaging US$395 a month in salary (in addition to free room / board) ... you can see how China is changing. And why high speed rail, even at $50-100 / ticket, becomes increasingly accessible for hundreds of millions. http://online.wsj.com/article/SB1000142412788732379810457...
by heech
02 May 2013 22:45
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

The HSR does 1000km in 4h and cost USD 100. Now In India a distance of 1500 km would be travelled in 2h at a cost of USD 80 if we take the flight and book in advance.So why did the CHINESE go the HSR route and not air? Seems like a flawed strategy or some other objective is there? The 4 hr trip I t...
by heech
02 May 2013 06:39
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

I don't plan to accept Chinese investors, and I don't plan to (in the short term) invest in Chinese markets. :roll: What part of this is confusing for you? I love China, it's my homeland. I'm very proud of what China has achieved so far, and I'm very optimistic about its long-term future. I enjoy l...
by heech
02 May 2013 02:34
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

^^^ and heech, I assume that you can run asset management firms from anywhere around the world? Do not China's laws on private capital, the lackluster Shanghai index and other financial issues hamper your work? I encourage you to invest in India BTW..... :) {Indian stocks love you long time! :D } I...
by heech
01 May 2013 23:47
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

^^^ How did you avoid it? You moved the kid to the American school in China ? No, my kids are going to a local public elementary school. The kind of under-the-table corruption I mentioned only happens at the top, most competitive elementary schools. (3 are consistently thought of as the "best&...
by heech
01 May 2013 22:40
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Very interesting posts, heech. Please continue. A question though - you mentioned: " Because that determines which high school (10th-12th grade) they will test into... why? Because that ultimately determines which university they will test into." Are you referring to just the schools bein...
by heech
01 May 2013 20:02
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

There are quite a few Chinese sea-turtles (Chinese version of r2i). But these are almost all entirely returning professionals. Mostly the huge population of Chinese grad students returning after graduation. There are now increasing number of young kids returning to live with grandparents - parents c...
by heech
01 May 2013 18:32
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Sure, happy to. It's been interesting telling people about our "R2C" plans (I take it this is derived from an Indian term...?). - Just about every non-Chinese American we've mentioned this to thinks its the best idea ever. But this is partly because many Americans are comfortable with the ...
by heech
01 May 2013 04:56
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

I do live in the west and have worked in the US. Next time you are in China, please hold up a placard for me- let it read something simplistic like 'one man one vote'. To make it fairer, do so on the bullet train. You don't have to say anything. Then post here. Sure, but only if you return the favo...
by heech
01 May 2013 03:24
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Or perhaps it indicates a lack of green card..... Or, perhaps it indicates a belief that for my children's generation, gdp per capita in urban China will catch up to that of the United States. We have the legal right to live and work in both places, but I'll let them decide where they ultimately wa...
by heech
30 Apr 2013 20:43
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Appreciate your concern. :) I'm not sure BR really is blocked, but in any case, I'll have VPN access. How much more carrying capacity is needed for realistic "commuter" use? Again, with trains every 10-15 minutes, I would (at least naively) think it would be an attractive option. Not even ...
by heech
30 Apr 2013 18:23
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

I am planning to relocate my family back to mainland China for the next few years. We have spent in China every year, but this is the first time we will be residing there for such an extended amount of time. I think the quality of life there is almost as good as it is in the United States (other tha...
by heech
28 Jan 2013 06:09
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

heech: the question about black money refers to whether or not Chinese developers request payment of a fraction of the cost of a real estate purchase in cash, as opposed to the use of a formal loan, check, bank transfer or anything involving the formal banking system. Aaaah thanks for the explanati...
by heech
19 Jan 2013 23:45
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Do the Chinese realize that they have to carry out the next generation of reforms? And unfortunately these reforms are not all going to be restricted to the economic/financial sphere? Yes, and no? Who are "the Chinese" that you refer to? Certainly many Chinese are aware of it. Every speec...
by heech
19 Jan 2013 23:37
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

My query is regarding the level of black money employed in RE industry? On an average (estimate) what percentage of consideration would be paid out in cash? Sorry, I don't understand what you are referring to. Are you talking about developers bribing officials, or something else...? Also following ...
by heech
17 Jan 2013 22:15
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

From the web site most of the jobs pay around USD 1000 ( 6000 rmb ). So a household income before tax will be around 2,000 usd( both couple working ). Assuming a 20% tax , they will get USD 1500 in hand. So if this pay is bare bones for a Indian couple wishing to have a American Dream in India, how...
by heech
17 Jan 2013 19:09
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

http://www.nytimes.com/2013/01/17/busin ... es.html?hp

By the end of the decade, China expects to have nearly 195 million community college and university graduates — compared with no more than 120 million in the United States then.
by heech
17 Jan 2013 17:44
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

A adequate car for a family of 4 with 1.3L engine would cost USD 10,000. A bigger one with about 1.5 - 1.6L engine would cost USD 20,000+. What about your city? Seems like China might be cheaper, perhaps it's the difference between domestic vs imports? Smaller cars with sub-1.3L engines aren't that...
by heech
17 Jan 2013 03:37
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

^^^^ sounds like american prices right there. But not american salaries. Just a few years ago, I would jokingly tell people how nice it was to earn an American salary, but spend it in China. I used to really enjoy annual shopping trips, where I'd stock up on needed clothing / shoes in China at a hu...
by heech
16 Jan 2013 17:35
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

heech, can u please post the cost of the following in a tier I city in China so that we can get an idea about the amount of pay weeks requried to purchase these cosumer good in your country. Please qoute the cost in rmb. 1. Condo or apartment cost per square feet Shenzhen is far higher than the nat...
by heech
16 Jan 2013 00:03
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Thanks heech. What is the penetration of formal banking among people ? Do most/nearly all have accounts with the big four to receive their pay ? Is an account a requirement for anyone working in the organized sector, i.e. no salary payments handed out in cash, say to migrant laborers ? I don't pret...
by heech
15 Jan 2013 04:14
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

heech: Can you expand on the real estate front ? What are prices like in major cities ? How much down ? What are interest rates like ? How much above purchase price does it cost to install fitments, since I read apartments are typically sold bare, without even electrical/plumbing outlets set up ? W...
by heech
15 Jan 2013 01:25
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

It seems that rmb 1500 is a ball park figure for wage of a low skilled worker in a Tier I city and based on your feedback a lunch would cost rmb 100 ( if I just double the price from a tier II city ) in the same city i a simple resturant - 8% of his wage. I would say that in an Indian Tier I city t...
by heech
13 Jan 2013 18:58
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

To all those who think CHINESE per capita wealth is close to US or EUROPEAN level here is a latest report from World Bank, now I would rather believe them than arm economists here who are just yelling "again" "again".... Maybe you can be more specific and give names. Who are the...
by heech
12 Jan 2013 23:04
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

. So BBC is last to trust. There is no doubt the life of certain % of Chinese folks have improved a lot but a much large % lies on the other side and you Chinese poster are not willing to accept that. That is the difference between your system and Indian system. In India we have the same divide and...
by heech
12 Jan 2013 20:42
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Heech, that's an impressive pension ($1000 = Rs. 50K per month). Is the pension level higher for the Shenzen area, or a uniform number nationwide? Is it given by the federal or local government? Do you have an estimate of how many people in China might be earning a pension at a similar level? My gr...
by heech
12 Jan 2013 02:55
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Yeah! Shenzhen is China nonsense. :roll: BTW 1500 Yuan is roughly Rs 9,000. Less than Mimimum wage in Mumbai. I doubt too many would be willing to work at that wage in Mumbai. I thought Panda wonder land was 4x to 5x bigger. WTF. How can you be so poor. I think you revealed something about Panda wo...
by heech
12 Jan 2013 00:19
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

Oh, and another very interesting trend to watch... many of the migrant workers in Shenzhen that I chat with are moving their families back to the countryside. Not out of dissatisfaction with Shenzhen, but purely because the economy opportunities back at home are also surging. The worker famine in pr...
by heech
12 Jan 2013 00:18
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

http://abcnews.go.com/Technology/wireStory/apple-ceo-china-biggest-market-18187148 Apple expects China to overtake the United States as its biggest market, CEO Tim Cook told a Chinese government news agency. As far as the "hidden" China which is supposedly poor and will never be able to a...
by heech
11 Jan 2013 02:06
Forum: Trash Can Archive
Topic: PRC Economy - New Reflections : Dec 15 2011
Replies: 3942
Views: 222935

Re: PRC Economy - New Reflections : Dec 15 2011

http://www.forbes.com/sites/kenrapoza/2013/01/10/china-vehicle-sales-beat-europe-and-u-s-again/ China’s vehicle market will continue to grow and could be as big as Europe and the U.S. combined, Ferdinand Dudenhoeffer, head of vehicle research at the University of Duisburg-Essen, told the German news...
by heech
03 Mar 2012 01:18
Forum: Strategic Issues & International Relations Forum
Topic: People's Republic of China, Dec. 27 2011
Replies: 1052
Views: 48303

Re: People's Republic of China, Dec. 27 2011

I prefer short 4-7 minute videos to the 60 minute ones. (Short attention span. Brain RAM is small :D ) Interesting, if pukeworthy narrative of Mao and what he did. People who experienced much of this are in their 40s and 50s in China. Not quite. Someone who's 50 would've been born in 1962, and woul...
by heech
18 Feb 2012 05:27
Forum: Strategic Issues & International Relations Forum
Topic: People's Republic of China, Dec. 27 2011
Replies: 1052
Views: 48303

Re: People's Republic of China, Dec. 27 2011

Interesting to see that I became a topic of conversation, ha! As far as Tibet, there are two things we can discuss. The political *history* of the issue, and the social *future* of the issue. On the political history aspect, I've read all of the major Western books on Tibet's history; I'm not sure h...
by heech
11 Feb 2012 06:16
Forum: Strategic Issues & International Relations Forum
Topic: People's Republic of China, Dec. 27 2011
Replies: 1052
Views: 48303

Re: People's Republic of China, Dec. 27 2011

Virupaksha wrote:
heech wrote:

Only during the mongol empire, the chinese part of which was called the yuan did Tibet and China first time became a part of a combined empire.

Just to be clear: that was 800 years ago.

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