China is a world super Factory country, they are king of the world
already. If you want
your kids to succeed in life you must ask them to learn mandarin. Their
infrastructure are excellent, their factory are all super professional,
logistics are superb. I am convinced that they are number one in the
world in
terms of economic powers. Everyone in China are all very
hardworking, their domestic consumption are enormous, and saving rates
are
super high. Their tourist arrival is world number one, can u imagine how
much tourism earns in China？ You cant find a country like China in the
world. Can you
imagine the amount of remittances being send from overseas into China
from night club girls, teachers, maid, masseur, businessmen and etc they
are all people from China. The money that they send back to their
hometown translates into new wealth. With new
wealth their family will buy new houses, air condition, fridge,
furniture, cars
& etc for their homes. It is this domestic consumption that keeps
their factory
alive, they have been poor for hundreds of years, their will power
to be rich is strong because they have tasted how hard life is to be
poor,
so they strive there selves to become the best entrepreneur. The
domestic housing market is still very strong due to urbanization, China
can only gets better in
production due to improved infrastructures, it makes delivery time super
efficient.
Best part is our Chinese culture of high saving rates & with all the
90's kids
are all over the world now, we are slowly taking over. Simply put, the
Chinese are on a global
shopping spree. State-sponsored Chinese corporations are busy buying up
commodities across Africa, North America, the Middle East, South
America basically anywhere they can in a concerted strategy to seize
control
of resources before the rest of the world wakes up to the looming
crisis. They’re striking deals with what she calls the "axis of the
unloved" - developing countries rich in commodities but poor in
political and economic capital - in return for much needed investment,
employment and infrastructures. Extravagant shoppers, the Chinese are
happy to pay over the odds, treating their trading partners not as
poverty-ridden charity cases nor political pariahs but valued commercial
equals. "There is this obsession with China being a culprit," "Even
now, people will still say: 'Oh, the reason why the United
States economy is not doing well is because the Chinese are
manipulating the exchange rate,’ or, ’The Chinese have human-rights
issues,’ and, ’The Chinese don’t do democracy, and the Chinese cheat.’
You know, it’s always about the Chinese, and no one actually takes a
step back and thinks: ’Gosh, actually, it’s our fault that productivity
is declining. It’s got nothing to do with the Chinese.” I think it’s
fundamentally fantastic, it's fantastic as in something really
tremendous. They bought a
mountain in Peru - half the height of Mount Everest - they bought the
mineral rights there. In Canada they’ve done a laptops-for-pork deal.
They’re
importing beef from Brazil and in return they’ll build roads and
railways. It’s just an amazing display of discipline, and a systematic
approach - it’s unparalleled. I don’t know any other country that does
it in this way." The West complains that the Chinese are paying too much
for commodities, instead of wondering whether China might in fact have
grasped their true value. And the West has the nerve, to
accuse China of no-colonialism, failing to understand that "the rest of
the world actually thinks what China is doing is pretty damn clever".
It was the West that got rich by invading and plundering the rest of the
world, where as China is engaging with it on respectful, peaceful,
generous terms. The hypocrisy of Western criticism is, she says, quite
breathtaking. The West accuses the Chinese government of meddling in
free-market capitalism, clean forgetting that US farm subsidy programs
and Europe’s Common Agricultural Policy have condemned Africa’s farmers
to poverty. The US is perfectly happy to take China’s money - more than
US$1 trillion worth of government bonds - yet expects the emerging
markets to say: "No, we don’t want Chinese money because there’s an
issue of human rights." "What the Chinese are trying to do - move a
billion people out of poverty - is just an unheard-of thing in history.
The fact that they have moved 300 million in 30 years is unheard of. It
took Britain 156 years to double its per capital income. It took America
57 years, Germany 65 years. It's taken the Chinese 12½ years." The rise
of china will benefit a lot of neighboring country especially a city
with Chinese & with such great connectivity Kota Kinabalu to
Shenzhen daily flight is
only 3 hours & Kota Kinabalu to Guangzhou & coming soon Kota
Kinabalu to Shanghai.
Especially since Kota Kinabalu, Sabah Malaysia is a very ethnic Chinese
city as everywhere u go, lots
of people here speak Cantonese & mandarin. This is one thing that
most mainland visitor realize & that is why a lot of them are
surprised & like Sabah, Malaysia so much. The rising wealth &
growing appetite
for consumption in Asia led by China & India will provide consumer
companies with exponential growth. Even if there is a financial crisis
& global downturn, the rise of middle class consumer in Asia will
prove unstoppable. When they wake up they still want to buy a new pair
of jeans, buy a ticket to travel & still want to buy a better bag or
watch. It is exactly like US few decades ago, except this time it is
the Chinese & Indian that will define the global economy for the
next few decades. This 2 economies will lead consumer consumption in a
major way & will fuel the world growth like a
huge Tsunami. That is why you see Louis Vuitton, Moet, Henessy and LVMH
is in a shopping spree in Asia, taking over consumer brand like Charles
& Keith shoe maker, Sincere Watch, Trendy International China
fashion &
Heng De Li watch retailer listed in Hkse. LVMH will continue with its
merger & acquisition in asia consumer company. LVMH will raise US$
1 billion in 2013 thru private equity backed by LVMH for that purpose.
This millennium belongs to Asia, not the US nor Europe. Even Jim Rogers
the commodity guru are bullish on Asia consumer consumption & air
travel. Next to watch will be Indonesia & Vietnam, even Paddini are
franchising with FJ Benjamin a Singapore listed company that operate in
Indonesia for 3 decades to expand into Indonesia to tap its few hundred
million consumer. A brand like Paddini makes a net profit of RM80
million a year selling only apparels fashion & that is only on msia
market. Company that hv regional presence like Parkson will continue to
rake in few hundred million profit year after year as backed by their
china & Vietnam operation. That is why you see share price of
counter like Air Asia continue to rise from 90cents to 3.60 in the stock
market. Consumer
stocks such as British American Tobacco, F&N, Guiness Anchor Berhad,
Nestle, Dutch Lady, Asia Pacific Breweries, all continue to do very
well. Even Prada chooses HKSE to list instead of listing it in NYSE.
That is why you see Dutch brewer Heineken trying to acquire F&N
Singapore in a bid to control Asia liquor industry as F&N control
more
than 40 brands in 15 Asia. F&N owns the likes of Tiger, Bintang,
& etc. Asia is King now all dollars & talent are rushing into
Asia's pacific, be it US sovereign funds, UK sovereign fund, they all
want a
piece of this pie. Asia have the youngest age professionals in the
whole
world, means many many more years of consumer spending to go.
Kumar
Modi Indian founder of Spice Global With a revenue of USD$2B
Sudir Gupta Indian forbes listed net worth USD$320M
Richard Chandler a New Zealand listed by Forbes worth USD$3B
Nathan Tinkler Australian coal miner listed by Forbes worth USD$800M
Zhong Shen Jian China net worth USD$1B
All these tycoons have one thing in common, they choose to become
Singaporean Permanent Resident to live & work in Singapore. It is
not just the funds
that are going to Singapore, it is about the caliber of people that
migrated
to Singapore that position it as a Global Society. It has the highest
percentage of millionaires household at 17% & is world top richest
country with GDP per capita of USD$56K , followed by Norway USD$51k, US
at USD$45.5k, Hong Kong USD$45k & Switzerland USD$42k. Even though
if you don't
have the paper qualification, it's recommended that you ead more books
on
investment & business. Read books like Robert Kiyosaki Rich Dad
Poor Dad, or any motivational books. Asia is king now, the 1800
belongs to Britain, 1900 belongs to America, 2000 belongs to China. The
17 nations in the Euro Zone, which share the Euro, are going through an
unprecedented crisis. They are plagued by negative GDP growth – Spain,
Italy, Cyprus, the Netherlands, and Portugal have persistently been in
recessions; high unemployment – the Euro zone unemployment rate stands
at
11.3%, the highest ever level, with Spain and Greece having almost a
quarter of their labor force unemployed; stagnating consumer spending;
and low market confidence and an ocean of uncertainties. A large number
of nations in the Euro zone are facing severe financial difficulties.
Ireland, Portugal, Greece and Italy have government debts exceeding 100%
of GDP. Ireland, Portugal, Spain and Greece have been bailed out.
France has lost its prized AAA credit rating, while Portuguese, Cyprus
and Greek bonds are rated as junk, with Spain and Italy close to junk
bond status. As a direct consequence, Greek bond yields are at
astronomical levels, while those of Spain and Italy are bordering on
levels that are unsustainable in the long term. Time and time again, as
Euro zone summits and meetings of finance ministers have come and gone,
the North and South remain in deadlock. The markets occasionally find a
glimmer of hope in their words and promises, only to be disappointed
with vague and directionless policies that are too slow and too small in
impact to have any good chance towards decisively solving the crisis.
All this is happening while the situation worsens, with investors losing
confidence and capital flows out of the peripheral nations increasing,
while in European cities demonstrations and public anger abound.
European continent has been divided throughout the centuries, constantly
plagued by world wars and regional conflicts. In fact, for most parts
of the last 500 odd years, Europe was engaged in one form of war or
another, all of which were created by the Europeans themselves, unlike
Asia for example, where most of the conflicts were imposed upon them by
the aggressive and imperialist European powers. This conflict-torn
history is due to the fact that the nations that make up Europe were
different in many aspects and could not agree on numerous fundamental
issues. The difficulties faced in achieving further integration were a
result of these differences. Competing imperial powers, countries such
as France, Spain, Portugal, Great Britain and Germany
were at one point in time or another, a global superpower and were very
often fighting against one another as each country competes to conquer
and exploit more colonies. Nations that have once achieved superpower
status develop a strong sense of national pride. They are not accustomed
to giving up sovereignty or obeying the orders of other nations. French
and German pride is evident during multilateral conferences, where
their diplomats insist on speaking their own languages and conversing
with the aid of the translator, as opposed to using a common language.
All the above differences, throughout the centuries, have led to
disagreements and conflicts between the European nations. Furthermore,
although some countries are relatively young, most have formed
nationalistic sentiments. This results in thoughts such as “I am
German/French/British, why should I spend my money helping the
Greeks/Italians/Portuguese?” Efforts toward “Europeanising” the
continent have evidently failed, or possibly, too little effort has been
devoted towards such causes. As a result, the “We are all Europeans,
and therefore we should help each other out in times of trouble” is
lacking. Such words have certainly been repeated countless times by
European leaders. However, their actions suggest otherwise. There are of
course, naturally, the economic consequences of a country exiting the
Euro, and in the extreme case, a break-up of the Euro zone. A break-up
of
the Euro zone would mean the end of the Euro as a common currency, and
thus, that all countries return to their former currencies. Such a
drastic outcome would cause a fall in confidence of consumers,
businesses, and investors, domestic and foreign alike. The fall in
consumer and business confidence would greatly reduce the amount of
consumption and investment in the economy as these two groups hoard cash
amid uncertainty of future economic conditions. Foreign investors would
flee from the Euro zone, causing mass capital flight, and in the
process
lead to bank runs, a free fall in currency values, stock markets, and
real estate prices of the respective economies. This would cause the
crisis to spill over to the real economy as households experience losses
on their assets. Further, trade and investment would be severely
disrupted. A paper prepared by ING estimates that economies in the
Euro zone, even core fiscally healthy euro zone economies such as
Germany
and Finland, would immediately plunge into severe recessions, and the
cumulative fall in GDP of the Euro zone in the first two years would be
more than 12%. As the European leaders are facing obstacles towards
further integration, and at the same time are not keen on the idea of a
break up, their indecisiveness in making a decision and inability to
come to a consensus no longer remains a mystery. The Euro zone is stuck
in limbo between the two extremities of the solutions that are on offer,
while the economic situation deteriorates day by day. Timothy Ash,
writing in Foreign Affairs aptly described the situation this way : “The
trajectory of those who were, say, 15 years old in 1945 went from war
to peace, poverty to prosperity, fear to hope. The Trajectory of those
who were 15 in 2003, especially in the parts of the continent now
suffering the most, has arched in the opposite direction: from
prosperity to unemployment, convergence of national experiences to
divergence, hope to fear.” Housing prices fell in 15 of the 22 European
countries year on year.
Ireland-16.85%
Spain -13.18%
Greece -11.92%
Portugal-10.95%
Netherlands-10.12%
Poland-8.19%
Cyprus-7.68%
Slovak- 5.61%
Sweden-4.18%
Bulgaria-3.87%
UK - 3.42%
Lithuania-3.07%
Romania- 2.71%
Housing prices that rises are:
Germany +5.24%
Switzerland+4.86%
Estonia+2.83%
Turkey+2.57%
Latvia +2.5%
Iceland +1.72%
With the fall of euro zone a lot of liquidity money will find its way to
emerging Asia. We in Asia will all profit from these. My conclusion on
the future of Europe was interesting, “Without some
new driving forces, without a positive mobilization.. the EU, while
probably surviving as an origami palace of treaties and institutions,
will gradually decline in efficacy and real significance, like the Holy
Roman Empire of Yore.”
I believe in the 5 F's of life:
1.Family
2.Fitness
3.Freedom
4.Financial Freedom
5.Faith
If you can practice this u will be very successful, remember success are
not measured by wealth, we must have a very balance life, within Family
& Health. Family and helath are the two upmost important elements
in life then followed by the Freedom of speech, freedom to travel,
freedom of religion & etc. Only once you arrive at wealth which is
when you reach your financial freedom then lastly faith your religion.
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