ChenJinwasanationalheroinChina.AftergoingtoAmericaandreceivingaPhDfromUniversityofTexas-Austin(theywereprettyproudofhim,too),ChenreturnedtoChinaandoversawalabof100researchers.In2003heclaimedtohavecreatedthecountry'sfirsthome-growndigitalsignalprocessingcomputerchip-usedinmobilephones,camerasandsuch.Nowithasbeenlearnedthathestolehischipdesignsfromaforeigncountry.
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OnethingIdoknowishowmuchIdon'tknow.ButIdoknowsomethings-andtheabilityorlackthereofofaforeignertospeakorwriteEnglishisoneofthem.\ItaughtEnglishasaSecondLanguageinAsiafornearly20years.ThisoneIknow.ThereisNOWAYZiyiZhangwrotethetributetoAngLeeinTime'sTop100List.IwatchedherinMemoirsofaGeisha....closely...untilmywifeslappedme.Sorry,honey.Zhangcouldbarelyputtwosentencestogetherintheflick.
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Forthefirsttimeever,theChineseyuanwentunder8yuantothedollar.Thoughitwasneglibileinitschange-lessthan1/10thofonepercent....thepsychologicalsignificanceisgreat.Theyuanmovedintouncharteredterritoryandeveryonelived.It'skindoflikewakinguptobeing40andthen50....Idon'tknowabout60yet.Ithoughtitwouldhurt...but,Isurvived.Therearetwoschools-aren'ttherealways?Well,actually,Ibelievetherearealwaysatleastthreeofe...[
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InapreviousblogIwrotethatChinahasMillionairesouttheGazoo-about300,000altogether.Russiaalsohasafewmillionairestobragabout...some88,000total.IfRussiahadthesamepopulationasChinaitwouldclaimalmost3timesasmanymillionairesasChina.IreadtodayhowmanymillionairestheUShas.Ready?8.9millionhouseholdswithanetworthofatleastamillionNOTincludingthevalueoftheirprimaryresidency.
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So,whatelsecanbeblamedonChina?FortunemagazinereportedthatAmericansrecycled346lbsofpaperperperson(stillnotasmuchassomepeopleweighintheUS)lastyear.Thatamountstomorethanhalf(52%)ofallpaperproductsthatwerediscardedlastyearanda76%increaseinrecyclingsince1990.ThereasonaccordingtoFortune?Thelargedemandforpaperinmarketsoverseas,including...dumdum...China.Chinaisthebuzzword,isn'tit?continuereading...[
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ItwasannouncedthatPresidentBushwouldnotpushChinaonrevaluatingtheyuan.Here!Here!Itwouldn'tdoanygoodanyway.AmericangoodswillbecheapertobuyIFsomebodywantstobuythem.But,whatdoesAmericahavethatChinawouldwant?Boeing787s?F-18s..(whatnumberareweon,anyway?)...whatelse?IrememberwheneveryonethoughttheJapaneseyenwastoocheap....andthetradeimbalancewasseriouslytiltedintheJapanesefavor.
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Thisquestionwasinterestingtome-Doyou(GeneralpublicandOpinionLeaders)thinkChinaisadependableallyintheWaronTerror?TheanswerwasaresoundingNO!Nearly2outof3opinionleadersthink
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Needaraise?Headforthebigchicken/rooster.In8ofherbigcitieswageshavegoneupfrom8-12%.Beijing-8%Shanghai-9%Nanjing-12%Chengdu-10%Chongqing-11%Wuhan-9%Suzhou-10%Guangzhou-8%Ofcourse,thetopsalaryinanyofthosecitiesisstill$3,350peryearincludingbonusesandbenefits-Guangzhou.ButwhytheBigChicken?TheChinesesaytheircountrylookslikeabigchicken.Doyouthinkso?But,don'tevercallayoungladyinChineseachicken-tothema'chi...[
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IreadnotlongagothattheOwnerofIKEA,IngvarKamprad,overtooktheownerofMicrosoft,BillGatesintherichestmandepartment.Well,Ikeadoesn'tseemtobelettingup.TheSwedishhomefurnishingretaileropenedanewoutletinBeijing-thebiggest,asevenstoryfacilty,inAsia-forthesmallsumof$100million.IthasshowroomspaceequivalenttothesizeoffivefootballfieldsandissecondinsizeonlytoIkea'sflagshipoutletinStockholm.Ofcourse,theaimistot...[
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YesterdayIwroteaboutIKEAisdoingbusinessinChinawithitsnewsuperstoreinBeijing.Ifoundoutalittlebitmoretoday.It'srestaurantseats700people-thoughIsuspectthatthefoodistillnogood.Unless,thatis,theyaremakingsomethingChinese.Thelobbyisthreestorieshigh.Ithas77modellivingrooms,kitchensandbedrooms.Whoa!EvenGoldilockscouldfindabedinthatmess.
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