Chinese reforms continue apace:
The Ministry of Finance has announced that from January 2013, more than 780 products, including milk powder for infants, robots for vehicle production and some rubber products, will enjoy lower import duties.
When China faces economic challenges, it cuts tariffs. This is an example of the right economic move n economic difficulties. And the communist press features a Chinese conomist who says it is not enough:
And while we have a major policy flaw of housing boom and bust, and a minor one of section 8 hoursing, only China is advocating reform
Effectively curbing corruption in this field will help consolidate the image of a government resolute in its efforts to protect the people's well-being, as many Chinese have become extremely sensitive to skyrocketing housing prices and any mishandling of housing resources.
USA could stand to worry about government corruption. As it stand now, there is no discussion of this widespread problem.
Yet Chinese authorities are capable of getting it wrong, such as here...
Strict measures have been announced to curb soaring prices of hotel rooms and buffets when visitors swarm to Hainan, a tropical resort island, during the weeklong Spring Festival holiday.
It's stipulated that hotels should reduce their price of rooms by at least 10 percent during the holiday, compared with last year's prices.
The highest daily cost for a standard room, including the extra service fees, should be less than 5,000 yuan ($802).
Well, wait a minute! Some resorts make their money on such weeks, pay for all of the upgrades and repair with that shot of super-income. If not, they need to charge higher year round, meaning there are no deals for poor people at other times of the year. What will happen is the restaurants and everyone else who sells anything will shoot up their fees, so the money will come into them, and poor people will be miserable doing nothing but sitting in a hotel room during the festival. going to hire enough police to check all prices at all times and places? Some holiday!
Let the market work. This regulation will distort the economy and cause people to open other unnecessary hotels to get around the "base rate" rule and then hurt everyone. Leave the merchants alone, subject to the tender mercies of their ruling customers.
Feel free to forward this by email to three of your friends.
The Ministry of Finance has announced that from January 2013, more than 780 products, including milk powder for infants, robots for vehicle production and some rubber products, will enjoy lower import duties.
When China faces economic challenges, it cuts tariffs. This is an example of the right economic move n economic difficulties. And the communist press features a Chinese conomist who says it is not enough:
"As a responsible country, China needs to increase its imports, which is important in building healthy bilateral trade and reducing trade friction," Wei said.
In the first 11 months of 2012, China's exports grew 7.3 percent from a year earlier, while imports grew 4.1 percent, according to the Ministry of Commerce.
And while we have a major policy flaw of housing boom and bust, and a minor one of section 8 hoursing, only China is advocating reform
Effectively curbing corruption in this field will help consolidate the image of a government resolute in its efforts to protect the people's well-being, as many Chinese have become extremely sensitive to skyrocketing housing prices and any mishandling of housing resources.
USA could stand to worry about government corruption. As it stand now, there is no discussion of this widespread problem.
Yet Chinese authorities are capable of getting it wrong, such as here...
Strict measures have been announced to curb soaring prices of hotel rooms and buffets when visitors swarm to Hainan, a tropical resort island, during the weeklong Spring Festival holiday.
It's stipulated that hotels should reduce their price of rooms by at least 10 percent during the holiday, compared with last year's prices.
The highest daily cost for a standard room, including the extra service fees, should be less than 5,000 yuan ($802).
Well, wait a minute! Some resorts make their money on such weeks, pay for all of the upgrades and repair with that shot of super-income. If not, they need to charge higher year round, meaning there are no deals for poor people at other times of the year. What will happen is the restaurants and everyone else who sells anything will shoot up their fees, so the money will come into them, and poor people will be miserable doing nothing but sitting in a hotel room during the festival. going to hire enough police to check all prices at all times and places? Some holiday!
Let the market work. This regulation will distort the economy and cause people to open other unnecessary hotels to get around the "base rate" rule and then hurt everyone. Leave the merchants alone, subject to the tender mercies of their ruling customers.
Feel free to forward this by email to three of your friends.
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