Business and Money Tips

With the current craze on Belt and Road Initiative, many people have taken a serious look at China again. From my several trips to China in the past one year, there are 7 reasons why I like China: #1 - The people are friendly, although they may not be courteous or wanting to please you. But they get things done.  And from my interactions with them, people in China seem to be happy. #2 - The food is delicious and cheap. A good meal for me costs about 10 to 20 RMB, which is very cheap and good, for they often include rice, soup, meat and vegetable #3 - Safe. Crime rate is low in China, and risks of terrorist attack is low due to the tight control of the government over everyday life in China #4 - Transport is cheap and good. Public transport by bus, train and high speed trains are cheap.  Metro starts at 2 RMB while Uber-like taxis (Didi) is often half price of taxis, which starts from less than 10 RMB.  #5 - Abundant business opportunities due to the high growth rates o

On 14th May 2017, China ’s President Xi Jinping sought to attract countries to join his ambitious “Belt and Road Initiative” at an international forum on Sunday. Xi’s massive trade and investment grand plan seeks to connect nations along the new Silk Road routes through economic cooperation and infrastructure development. We sum up Xi’s key offerings as covered in his keynote speech at the Belt and Road summit on Sunday morning. Boosting funds China ’s Silk Road Fund will increase funding by 100 billion yuan, Chinese banks will extend 300 billion yuan in overseas capital, the China Development Bank will splash out 250 billion yuan, and the Export and Import Bank of China will add 130 billion yuan in special loans to Belt and Road projects. In all,  China pledged at least 780  bllion yuan for this grand belt and road initiative plan . Countering protectionism “ China ’s Belt and Road Initiative is based on the historic roots of the Silk Road, it focuses on Asia, Europe