At first I couldn’t believe my ears: a U.S. manufacturer was telling me that they were planning on fleeing the high costs of Chinese manufacturing for the relatively lower costs of the U.S. [read full story]
There is a lot of speculation that the dollar is losing ground to the Chinese renminbi and that sooner or later the Fed will share the global stage with Chinese monetary authorities. Chinese government officials and Jeremiad western economic forecasters who claim that the renminbi will replace the dollar as the world’s premier currency certainly […] [read full story]
OK…I confess…James Sunshine is my son. He is a freshman at Emory University and wrote the below op/ed for the Emory Wheel. Of course I am very proud of his work. He says that he writes better than his Dad and that he is smarter. What do you think? He may be right!! As the national […] [read full story]
On April 16th the China National Bureau of Statistics (the “NBS”) announced with great fanfare that the Chinese economy was special because even in the face of an emerging global depression China was able to continue to grow at a rapid pace in the first quarter of 2008. According to Chinese officials, the headline Chinese […] [read full story]
There is mounting evidence that a freely floating Chinese currency will actually drop in value and make Chinese exports cheaper. In his confirmation hearings, Tim Geithner espoused the U.S. “Conventional Wisdom” that China is an unfair trade competitor because it manipulates its currency down in value so that its exports are artificially cheap. The Conventional […] [read full story]
The Chinese economic miracle appears to be unraveling at an alarming and accelerating pace. In just 30 years, China was able to transform its economy from a Marxist basket case to a global manufacturing powerhouse. But recent reports of massive plant closings, skyrocketing unemployment, plunging exports and growing social unrest are raising serious questions about […] [read full story]
Around noontime on Sunday, I arrived in Beijing. After checking into the hotel, I decided to get some lunch where I was given today’s edition of China Daily, a.k.a., “The National English Language Newspaper,” established by the Communist Party in the 1980’s. According to the China Daily web site, it is the most authoritative and […] [read full story]
While I worked hard this week, the highlight of Hong Kong was clearly the JB Group 2009 Tennis Classic. I was invited to JB Group’s special events all week and sat in JB Group’s box for the tennis tournament. The tournament was all “Venus Williams” as she dominated the other players. Not only did I […] [read full story]
8% is the magic number for China and everyone that I met today in Hong Kong knew it. Conventional wisdom is that if the economy grows by 8% in 2009 all will be well for the Peoples Republic of China. The crashing export sector won’t be a problem. Tens of thousands of business failures won’t […] [read full story]
I am traveling in Asia until Thursday, January 22nd and while I am there Sunshine Notes is converting to the Sunshine Travel Log Blog! Whenever possible I will write about the trip. Some of the travel log blogs will relate to finance and business; while others will hopefully just be fun. But, before we start the […] [read full story]
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