We have got some attention from Asia Business Media, which is nice. The whole point is that the Chinese audience may or may not have money, but they don’t have credit cards – and that’s the key when you need online payments. Google’s audience is more likely to have credit cards
Google is at last getting some good news in China, the stock market analysts are declaring the battle with Baidu to be over, with Google the loser. Considering their track record, should I be changing my predictions of continued Baidu dominance?
What is hyper-speed growth? Seeking Alpha thinks it knows.
The most important part of China’s growth is that it is not just fast but that it is not new. China at the moment is simply copying Western success – just being ruthlessly efficient efficient about it. Depopulating the countryside, rewarding capital and all the other stages of the early industrial revolution.
Always remember that about China, its just doing what fifty countries have done before – just on a bigger scale and a little bit faster. It’s when China starts acting differently then the bets are off
Webmaster radio has put up its interview with James Spencer of ChinaSearchAds.com.
Here’s a week old piece on the sheer growth of the Chinese economy. The Chinese government is making life hard for out of city workers to come into the boom cities, through an internal passport system known as the hukou system. It seems that there is still a vast reserve army of the underemployed. If you combine this with the under mechanised nature of much Chinese production – there is still a vast amount of economic expansion in the long term – whatever short term hiccups we’re going to see.
One of the more interesting areas about China is that of overseas investment. Overseas investment is booming, and the savings rate is at an unimaginable high of 40% and ressure on the Yuan is building up and the obvious way to calm the pressure is to allow foreign investment. The obvious way is through the government’s fund, which is diversifying from its traditional reliance on dollar denominated government bonds.
What happens if the Chinese government allows for some private savings to be invested abroad? It will certainly help with the Yuan, balancing out some of the pressure caused by the present trade surplus, while also extending the Chinese government’s reach abroad.
This could be the chance of a lifetime for investment sales people, and English only sites advertised on Google will not cut it.