China Importing

If you intend to get into the China Importing business, most experts would suggest that you should personally go to China. There, you can meet in person with your potential suppliers, brokers, and even physically inspect the products you plan to import to your country. However, China has sets of customs and practices that are much different than yours back home. Additionally, Chinese people speak a language that you are unfamiliar with. So how should you act and behave? To help you with this dilemma, here are a handful of tips that should be helpful when on a business trip in China. But China has sets of customs and practices, quite different from her home. In addition, Chinese are, you speak a language not familiar. How should you act and behavior? So you are with this dilemma, here are a few tips that should be useful if you are on a business trip in China.

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Do know whether the decisions in the vicinity, you know that coconut shell moved. The streets are lined with flags and improvised mini political party offices, although the Parliament is not dissolved. Ang pow packets, free food, gifts, money, and keep, distributed almost daily. You have a cell phone WINS voice, has a few issues, or one to receive text message (SMS). Not only a local politician (which I don't know) has a generic to me, I have even a birthday greetings for mother's day, though I do not come into consideration. Agreements in the proposals of the old Roman letters "How to win an election"?

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16/9/2013: More pesky stuff on PMIs v Reality...

Readers of this blog would know that I have been skeptical about the Purchasing Manager Indices capacity to accurately track changes in the economic output, especially during the times of unstable trend or trend shift. The latest on the topic was recently covered here: http://trueeconomics.blogspot.ie/2013/09/1092013-pmi-and-real-economy-goldman.html

And here's the handy chart from Pictet neatly highlighting the same problem:

Not being a conspiracy theorist, I would not suggest that latest changes in Markit reporting of PMIs - and in particular dramatic shift away from actually providing broader public and analysts community with some hard numbers and in favour of providing more 'interpretations' of the data plus often unreadable charts has anything to do with the breakdown in PMIs correlations with actual activity... but it would be nice to have more accurate and data-focused releases.

Note: full Pictet note on industrial production in the euro area is here: http://perspectives.pictet.com/2013/09/13/euro-areas-industrial-production-data-back-to-reality/

16/9/2013: Call me, once granny kicks the proverbial...

Structural slowdown? What structural slowdown... not in France and in particular not in the French traditional way of making the living... by inheriting it...

The chart above comes from one of the leading researchers on income and wealth distributions, Thomas Piketty. The key to reading this chart is that as a fraction of total disposable income, inheritance flows are now back at the levels last seen in and around WW1 period. The good old days of the 19th century when landed gentry and hereditary wealth class were all the rage is back in the Liberte, Egalite, Fraternite dreamland of France. Or put in more brutish, American terms - work? why bother, when inheriting things is so much more fun than earning them by merit.