The effect of economic growth
Several articles on Financial Times were on the China's economy. Recently, China has taken the place of the UK to be the fourth country with strong economy.
I guess everybody has somehow expected this due to the fastest growth in China in last few years. However, this growth is giving a serious environmental effect in China as well as the unbalanced spread of the rich and poor. Apparently, economists expect China's productions of cars will increase enormously, and at the result the use of gaz and petrol also rises up. China is now the second country after the US to produce the green-house effect. We have recently seen the Chinese in Hunan province has been drinking polluted water, and their soil has also died due to chemical products.
A month ago, there was an article on Times, China government is encouraging Chinese car makers to start researching on the hybrid technology, and Toyota as well as Volwagen will open factories there to produce hybrid cars, which are more environmental friendly.
With the economic growth that is concentrated in big cities, and provinces living the smaller ones at the slower pace, the social class in China will be bigger and bigger between people. I guess the rich will become richer, the poor will get poorer. There is little middle-class, I guess this problem is even worse in India. Most companies in Europe are outsourcing or shifting their production to Asia, especially in India.
VN is surely the next small China since the government is copying China's model, so this problem we all fear!
Sony is apprently getting back on track with Sir Howard Stringer' plans. They have ended their last quarter with positive operating income thanks to an increase in sales of several business units, among which the PSP during Xmas time. However, management is still worrying for the fierce competition in their TV market. The firm is also launching the PS3 in spring (timing is not confirmed yet), hopefully the sale will be good then. Cutting cost is one of the strategies, and of course job cutting belong to this category, Sony is still planning on laying off people until 2007. And they have stopped producing AIBO, their favourite robot pet.
Me, I am thinking about a B&B, if I am building one later, surely it has to have a star rating ;-). Therefore, I think it should have a personal touch, maybe fresh flowers, personal welcoming notes to guests together with welcoming tray (beverages tray), then a tray of local products such as fruits to put in guests room...Little things that make all the difference. After all, we should welcome them as a guests of the house instead of the stranger staying in the house...Exciting ;-P
I guess everybody has somehow expected this due to the fastest growth in China in last few years. However, this growth is giving a serious environmental effect in China as well as the unbalanced spread of the rich and poor. Apparently, economists expect China's productions of cars will increase enormously, and at the result the use of gaz and petrol also rises up. China is now the second country after the US to produce the green-house effect. We have recently seen the Chinese in Hunan province has been drinking polluted water, and their soil has also died due to chemical products.
A month ago, there was an article on Times, China government is encouraging Chinese car makers to start researching on the hybrid technology, and Toyota as well as Volwagen will open factories there to produce hybrid cars, which are more environmental friendly.
With the economic growth that is concentrated in big cities, and provinces living the smaller ones at the slower pace, the social class in China will be bigger and bigger between people. I guess the rich will become richer, the poor will get poorer. There is little middle-class, I guess this problem is even worse in India. Most companies in Europe are outsourcing or shifting their production to Asia, especially in India.
VN is surely the next small China since the government is copying China's model, so this problem we all fear!
Sony is apprently getting back on track with Sir Howard Stringer' plans. They have ended their last quarter with positive operating income thanks to an increase in sales of several business units, among which the PSP during Xmas time. However, management is still worrying for the fierce competition in their TV market. The firm is also launching the PS3 in spring (timing is not confirmed yet), hopefully the sale will be good then. Cutting cost is one of the strategies, and of course job cutting belong to this category, Sony is still planning on laying off people until 2007. And they have stopped producing AIBO, their favourite robot pet.
Me, I am thinking about a B&B, if I am building one later, surely it has to have a star rating ;-). Therefore, I think it should have a personal touch, maybe fresh flowers, personal welcoming notes to guests together with welcoming tray (beverages tray), then a tray of local products such as fruits to put in guests room...Little things that make all the difference. After all, we should welcome them as a guests of the house instead of the stranger staying in the house...Exciting ;-P
posted by Vagabonder @ 9:10 AM
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