Inflation in Shanghai
Inflation in Shanghai
It’s March 19,2008. I’m walking home and have to stop to buy a 2 liter of coke. He price for coke has been 6.10 RMB for months, or for at least as long as I remember, given I do the same thing almost everyday.
Today I walked into the store to find the price has gone up. I wouldn’t mind if the price went up a little but when you go and it’s gone to 7 RMB from 6.10 RMB over night that’s a big jump. The lady at the store said that 40% of the things in the store has gone up but the salaries have not. If the prices continue to rise I don’t know what’s going to happen to Shanghai. I think China is big trouble.
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China's looming Olympics disaster
The Beijing games are supposed to showcase China’s stature on the world stage. But they’re producing protests at home and may shut down big hunks of the nation’s economy.
I was in Beijing this weekend March 14-17 2008 and all the whisper was about how the government is spending so much money on the Olympic stadium when they could spend the money on the people. They hire all the foreigners for all the projects and design when they could design it themselves but they want it to showcase the best works in the world. I saw this article written By Jim Jubak
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China produces first home-grown bullet train
Another first for China. They are just trying to be number one in every feild possible. now they are in the bullet train business.
China’s first domestically developed high-speed bullet train, capable of reaching 300 kilometres (190 miles) per hour, rolled off the production line on Saturday, state media reported.
“China has joined an elite world club after Japan, France and Germany, to become the fourth country capable of turning out such high speed trains,” Wang Yongping, Ministry of Railways spokesman, told Xinhua news agency.
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Credit controls cool Shanghai real estate
China looking at the United states and the problems they have, have come to realize it might be a bubble in China especially in Shanghai and Beijing.
The once red-hot housing market of Shanghai is losing its luster, as government credit controls begin to bite.
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China market makes a move up!
Chinese share prices rose for a second consecutive session on Thursday, lifted by restored confidence among investors. The benchmark Shanghai Composite Index, which covers both A and B shares, jumped 101.75 points, or 2.06 percent, to finish at 5,043.54. It traded between 4,923.30 and 5,050.79, after closing up 2.18 percent at 4,941.78 on Wednesday.
The Shanghai index has room to rise in the short term but is expected to meet resistance at 5,100, said Shanghai Shiji Investment Consulting. The investment firm added that gains on Friday could be limited ahead of the weekend.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange climbed 238.40 points, or 1.45 percent, to 16,625.41.
The Hushen 300 Index, which accounts for 60 percent of the nation’s stock market value, added 90.91 points, or 1.84 percent, to 5,037.20.
Qin Hong, an analyst with Bohai Investment, said the strong rebound on Wednesday had helped to boost buying sentiment.
Winners led losers by 625 to 142 in Shanghai and 484 to 97 in Shenzhen. The combined turnover of the two bourses rose slightly to 128.65 billion yuan (about 17.6 billion U.S. dollars) from 125.71 billion yuan in the previous session.
The strong rebound also came despite a small decline in Hong Kong. The benchmark Hang Seng Index closed down 0.05 percent at 27,017.09 following the 0.19 percent fall in the Dow Jones Industrial Average overnight.
Qin said the worst appeared to be over for banking and property stocks, which previously suffered heavy losses due to lending and mortgage curbs, and these shares had begun to gain ground steadily.
COFCO Property jumped by the daily limit of 10 percent to 22.50yuan. Shanghai Pudong Development Bank rose 4.50 percent to 49.50 yuan and heavyweight Industrial and Commercial Bank of China edged up 0.13 percent to 7.89 yuan.
Oil producers and other blue chips were also among the biggest gainers.
Sinopec, China’s largest oil refiner, added 6.82 percent to 23.04 yuan. PetroChina, which accounts for nearly a quarter of the total weight of the benchmark index, rose 3.08 percent to 30.50 yuan.
China Railway, Asia’s largest integrated construction group, jumped by the daily limit of 10 percent to 9.97 yuan.
Shanghai's top crime boss executed
Shanghai’s top crime boss executed
Li Bin, 41, the self-proclaimed “King of Shanghai’s underworld” was executed Tuesday after the Supreme Court, which reviews all death sentences, issued the order, the Shanghai Daily said.
Li was found guilty in October 2006 of heading a criminal gang that trafficked in drugs, was involved in organized gambling and illegally possessed firearms and other weapons, the newspaper said.
His appeal against the sentence was rejected by Shanghai’s top court earlier this year, the report said.
His wife, Yao Yinmei, and 18 other members of his gang were handed prison terms ranging from life to 15 years.
Li was a career criminal who had been in and out of prison since the age of 17, the paper said.
Following his release from jail in 2001, Li established a drug trafficking network and operated a gambling business and drug den out of an entertainment centre in Shanghai’s district of Baoshan, the paper said.
In a separate case, Zhou Liji, who had served time for fraud and larceny, was executed for drug trafficking, the paper said.
Although the government does not release figures on the subject, international rights groups say China executes more people each year than the rest of the world combined. At least the crime reat in Shanghai is low. Lead by expample!
Chinese shares rebound, key Shanghai Composite Index up 2.18%
2007-12-19 15:39:17
Since the last few weeks the China market has been a roller coaster ride. The market has seen a 1,000 point move from the high to now at 4,800 points. The news is
Chinese share prices closed sharply higher Wednesday with bargain hunting, ending two consecutive days of decline.
Analysts said the rebound also came after a report that the companies owned by the central government will not massively sell shares of their listed units.
The state-owned giants seek to provide share holders sustainable returns, Wednesday’s Shanghai Securities News citing Li Rongrong, head of the State-owned Assets Supervision and Administration Commission, as saying. This helps allay fears that the giants will sell shares to lock in profits at the high price levels.
The benchmark Shanghai Composite Index, which covers both A and B shares, rose 105.61 points, or 2.18 percent, to finish at 4,941.78.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange climbed 312.90 points, or 1.95 percent, to 16,387.01.
The Hushen 300 Index, which accounts for 60 percent of the nation’s stock market value, jumped 116.38 points, or 2.41 percent, to 4,946.29.
The rises in mainland share prices echoed advance in Hong Kong. The benchmark Hang Seng Index closed up 1.11 percent at 27,029.26 after modest gains on Wall Street overnight.
Winners led losers by 754 to 39 in Shanghai and by 562 to 35 in Shenzhen. The combined turnover of the two bourses expanded by a large margin to 125.71 billion yuan from 96.47 billion yuan in the previous session.
Lin Jian, an analyst with South China Securities, said the increase in turnover shows more investors are hunting bargains following the two-month-long correction.
Despite the rebound, the key index, which has risen 84.7 percent so far this year, was still 19.3 percent lower from its record high of 6,124.04 on Oct. 16.
The turnover, however, was not big enough to lead to continuous market gains, said Guangfa Securities.
Shanghai's foreigner thief that stole a plasma T.V.
Shanghai Crime
A friend of Mine Liquid impact had an event a week ago and after the event, they were taking down the displays and props. The party was very good and the champagne was free flowing.
After the event, some foreigners decided it would be nice to have a take home prize and they walked away with a plasma T.V. that was on display and they had just removed from the wall. You can find it in the groups of Facebook.com. They have pictures of the guys that stole the plasma.
The poor Chinese kid that was in charge of the dismantle of the displays now has to loose 9 months salary because 2 foreigners decided the event and champagne was not good enough and had to steal a plasma T.V.
My friend Liquid Impact did not want to get anyone in trouble but felt bad for the Chinese kid that he is out that much money. I wanted to offer a reward and have everyone to add to it to catch the guys that stole the T.V. The good thing is that it is reported to the police and they have the serial number. My friend wanted to stay low key!
Here is the link see if you know the guys?
http://www.facebook.com/group.php?gid=5814869954
So if the plasma is hunted down in someone’s apt they will be charged with theft. Oh, by the way calling the consulate for help will not work. They will tell you as I have tried and I know for fact, if you commit or are charged with a crime you can not leave the country. Your passport is taken away till your court date. That is if you have some one to bond you out or you will wait in jail for the crime.
If you’re proud of waiving your passport in
So heads up for the guys that stole the plasma T.V… If someone tells and they find it in your place or a friends, I’ll bet you end up in jail and not in your country. You can call your consulate and ask them first. Consulates are pretty use less; even if they go to court they dare not make a sound. I had the
Shanghai Zapatas
Ladies Night
As the mercury drops in
O.k. the ladies night of
I toured the first floor and couldn’t even squeeze to get to the second floor. I found the best spot in the bar. It’s in the back where the ladies get their free drinks. Yes, it’s the only bar section that gives the free frozen margaritas. On this particularly cold night in Dec, there were very few Chinese girls out. It was mostly foreign women.
The conversations between the women were interesting. The group next to me were joking and drinking and talking. They went thru about 4 drinks each, and they were a group of 7 women. The talked ranged from experiences they had to guessing what the guys approach line is and who is cute and who is ugly. Some of the girls were just looking for any guys to talk to them. The funny part of the conversation was when the girls were happy that their were less Chinese girls in that night. I guess it’s a hrad choice for a guy a western love handle girl or a nice skinny Chinese girl. Hmm, hard choices. One of the girls already picked out this tall French guy she smiled to and hooked. Another guy saw one of the girls was a little tipsy so he walked over and said have we met before and the girl gave him a drunk look and he moved in to hug and chat her up. I would call that a done deal. The French man was also a done deal. That was in a span of about 30 minutes.
It sort of fits the thinking I had about people. When a guy walks out of the house he looks in the mirror and says I wonder if I am going to get lucky tonight? A girl looks in the mirror and says damm I know I’m getting lucky tonight. It seems so true in
Well, Zapata’s is like going back to the days of college. The music is from the 80’s and the style of drinking is the same. All the way down to when the bartender get up on the bar and start pouring the free tequila shots in everyone’s mouth. The first round is usually only guys. Then the second round of free shots comes around 12. Then all the girls get up to the bar and have a long long shot.
On this particular night more western women than usual, that’s what the guys were saying. This is actually the first time I have gone to Zapata’s since they opened. I never liked dive joints. The interior is rundown and definitely feels like a college dive bar. I guess I like Chinese women because they are slim; the foreign women were all in the 125 pounds and over range. Ah, I know what your think, no I took pictures of the whole. You can see what I mean. No lies here!. We are talking majority. It’s called love handles, I guess that why Chinese women are less passionate in
On a Wednesday night this is the best action in
Adventures of Shanghai D.D’s Club trip to Tsingtao
Adventures of Shanghai D.D’s Club trip to Tsingtao
I was invited to go on a team building trip with French Company. We started off on a Friday afternoon and flew into Tsingtao. The good thing is that the plane from Shanghai leaves from Hongqiao airport instead of going to Pudong.
The flight to Tsingtao was a little over 2 hours. We did not go for the beer fest. That’s about 2 weeks later. The airport to the city is about 20 minutes. We got in just in time for dinner. We headed over to restaurant row; it’s about 4 blocks long filled with all restaurants. The funny thing is that the big restaurants from the start of the block are all from Shanghai.
We found a girl driving a BMW Z3 and asked her which restaurant is the best and she pointed us in the right direction. You can see a picture of the restaurant and the name. I miss placed the name card. The restaurant was 5 floors high and the seafood looked great. They had so many tanks full of seafood. The only problem we found is that they refuse to serve the seafood raw. They would not serve the oysters raw or the sea urchin raw. We were disappointed about that. The food was so so, I think when you find a restaurant to big the food is not at its best. The drink for dinner was of course Tsingtao beer. The beer taste weaker than the beers we see in Shanghai.
The next stop was baby Face Tsingtao. They recently opened in Tsingtao. The bottles are inexpensive at 520RMB with green tea and a fruit platter. It was a long night since we drank 4 bottles. Half the girls were tipsy when they left for the hotel. We went to late night supper on the same street different restaurant, late night very little business but food was prepared so much better with less people.
I always heard that Tsingtao girls are tall and cute. I think they all left Tsingtao. The club looked like a carbon copy of the Shanghai baby face the only difference is that they have lots of KTV rooms in Tsingtao. I asked around and they say it’s the hottest club in Tsingtao. It’s barely full and a lot people than the Shanghai Baby Face.
Day 2
The tour guide wanted to take us to the aquarium, as we drove the place all we saw were tour buses and lots and lots and lots of people. I said I will wait on the beach for them and then we all decided to go to the beach instead. The people in China are very interesting, 75% of the people go to the beach in regular clothing. They roll up the cuffs of the pants to the knee and walk along the water. You can see the pictures in the picture section. Shanghai women they just love food. We got to the beach and all these guys walking around with food, the girls were eating in less than 2 minutes.
We opted to go back to restaurant row for lunch. The food was very good again, then off to star bucks to people watch. Yes, still in search of the beautiful Tsingtao girl. After 2 hours of girl watching all we found were Korean cute girls. They were very cute. Tsingtao has lots of Koreans. We actually asked around and found the perfect restaurant to have dinner at. The restaurant is on top of a cliff overlooking the ocean. We got to the restaurant and got the last table. The view was so beautiful. The food again was excellent.
Our next adventure took us to the best KTV in Tsingtao. It was huge. It took up a 3 story building and the rooms were all beautiful with flat screens and bathrooms. The drinks were not expensive. The usual buy 2 bottles get 1 free and fruit platter and some small snacks. The girls were not great looking. No real sexy girls and no Tsingtao local’s girls that looked good.
I also checked out club Feel which is the local hot club. It’s 3 times bigger than Baby Face and half block down. It’s all local very few foreigners. The girls are very very local and no real cute women either. It’s a very raw rough feel in this club. They have a very young and crowd and an older crowd.
Day Three
I had a plan to go see the Tsingtao beer factory but the girls were against that. The tour of the Beer factory was 50 RMB. I sort of pushed everyone to go. I mean how can you go to Tsingtao and not go see the beer factory. The tour was so so, but the fun part was after a tasting they had this room where you walk into that is at a 90 degree angle and you stand and look in you feel like the room is spinning and your drunk. Actually we were still drunk from the night before. We didn’t get back till 4 in the morning and we were up at 8:30.
We found a whole long street of restaurants across the street from the brewery. I looked thru them and picked the one that had the freshest and best seafood. It was the best meal we had in Tsingtao. The actually were willing to serve the blood clams near raw.
