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Graeme has been using ChinesePod since 2007

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Hard Work Can Turn An Iron Rod Into A Needle

铁杵成针

tiě chǔ chéng zhēn

Li Bai (李白) was one of the greatest poets in China's Tang Dynasty, which is often considered China's ‘golden age’ of poetry. Approximately 1,100 poems attributed to him remain today, including thirty-four in the popular anthology, 'Three Hundred Tang Poems'.

Legend has it that Li Bai was originally the God in charge of poetry in Heaven, but he offended the Heavenly Emperor and thus was exiled to Earth where he became a son of a rich merchant.

Brilliant and talented as he was, little Li Bai disliked studying and often skipped class to play. One day, when he was fishing by a river, he saw a white-haired old woman grinding an iron rod on a big stone.

Out of curiosity Li Bai came up and asked: "What are you doing, Ayi? "

"I'm grinding this iron rod," the old women said kindly, but did not stop her work.

"Why are you doing that?" Li Bai asked.

"I want to make a sewing needle," was the reply.

"What?!" exclaimed Li Bai, surprised, "You want to grind such a thick rod into a tiny needle? It is impossible!"

"Anything is possible, as long as you stick to it." The old woman looked at Li Bai, her eyes shining with intelligence, "I know it may take me decades to make a needle from this rod, but it doesn't matter. As long as I persevere in grinding, I will definitely make a needle. Remember there is nothing you cannot achieve as long as you stick to it."

Li Bai was deeply moved by the old woman's words. He went back to his school and from then on he studied diligently and became a great poet and scholar.

Later, Li Bai travelled to Tai Mountain (Tai Shan), where he visited the temple of Bi Xia Yuan Jun (a goddess in Chinese myth). He found the statue of the goddess looked very familiar. That night he dreamed that he saw the old woman again. She introduced herself as Bi Xia Yuan Jun and told Li Bai that many years ago she saw him neglect his studies, so she turned into an old woman and taught him a lesson.

The saying Hard Work Can Turn An Iron Rod Into A Needle, tiě chǔ chéng zhēn, refers to being extremely talented but realising that it requires hard work and dedication to fully develop that talent.

Li Bai: 'Drinking Alone by Moonlight'

Chinese Parable & Fables

 

 

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Set in Zanzibar in 1910, it is the story of two people from different worlds falling in love. Susan immerses herself in Zanzibar. Asim falls in love with this woman from the nation that killed his wife. Susan is a spy. Asim is the chief advisor to the Sultan of Zanzibar. Germany and France are holding secret negotiations to form a Pan European alliance, which would isolate Britain and destroy her power. Susan and Asim are caught up in all this and their love is finally dashed on the cold, hard reality of international high politics.

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Career, Employment, Jobs, Work in China
XiaosuiBlue Pty Ltd - China Consultancy
« 22nd March 2010 | Main | 19th March 2010 »
Saturday
Mar202010

20th March 2010

 

The Lion Awakes 

News at a Glance

 

今天的中国新闻

A compilation of Headlines + Brief Summary from Chinese & International Publications relating to China.

Just 5 Minutes each day to be up-to-date on the News of China

Combined with Kaixin’s boutique SITE SEARCH ENGINE, it is a unique source of knowledge about China"

 

 

 

 

China News Archive

From 2008

 

 

 

 

 

China Daily

 

Morgan Stanley: Yuan not to blame for US woes

BEIJING - Morgan Stanley Asia chairman Stephen Roach said Friday it was ironic for the US to blame China's currency for high unemployment rate and trade deficit, and trade sanctions on China would have a disastrous outcome for the United States.

 

Kaixin – You may diss-agree with Stephen Roach, but you can’t dismiss him. He is an acknowledged economic expert on Asia in general and China in particular. He also has no axe to grind being Asia Chairman of a major American Bank; except possibly not wanting to see America shoot itself in the foot.
 
‘US politicians did not want to accept their responsibilities for the unemployment rate, which was close to 10 percent, so they preferred to blame someone else, he said.’
 
 
I have been saying this for some time. The politicians in the ‘west’, America in particular, were happy to benefit from trading with China through the 1990’s. They preened themselves and told their constituents how brilliant they were at engineering such prosperity with low inflation.
 
What utter bullshit, as the Global Financial Crisis demonstrated.
 
It was all based on importing low cost widgets from China and that gigantic ponzi scheme from Wall Street that turned American houses into tulips.
 
The pollies can’t now go to said constituents and fess up. Wall Street is keeping its head down and trying to figure out another ponzi scheme. Indeed, that is the only thing that is certain to happen. Wall Street will figure out another ponzi scheme and the great unwashed will fall for it ………. again. 

 
Probably something to do with carbon trading I suspect.
 
Actually, I doubt that pollies understand what has happened. So, not being prone to looking in mirrors, they look elsewhere. Everyone in America knows the Chinese are getting uppity, so who better to blame. Pollies all need a simple message to recite.
 
“The yuan is undervalued and that is the cause of all your troubles,” is a simple message. One the American pollies have grasped as firmly as they grasp their collective …..
 
It also has a simple solution; one the pollies can be seen to be doing something about. So they jump up and down and make a big noise. Noise, is often mistaken by pollies for action.
 
If it is such a problem now, then it should have been seen way back when. Why didn't the pollies do something about it then? Easy, they were too busy preening themselves in unearned glory.
 
If Stephen Roach is right, then that whisp of gun smoke won’t be coming from the pollies guns, it will be coming from that small hole in their foot.
 

 

Nobel economist: Yuan is not the crux

The US trade deficit with China results from a myriad of factors, and pressuring China to revalue its currency won't solve the issue, a leading US economist said today.

Joseph E. Stiglitz, Columbia University professor and Nobel laureate, said there are many other ways for the US to address its trade imbalance with China, one of which is loosening restrictions on hi-tech exports to China.

He pointed out that although it is necessary for China to improve the exchange rate of the yuan, easing foreign investment and adjusting fiscal policy are equally important.

He was speaking at the annual China Development Forum in Beijing, which was founded in 2000 by the Development Research Center of China's State Council, the Cabinet.
 

 

Economists say yuan appreciation not a cure for global imbalance

BEIJING - The appreciation of renminbi, or China's currency yuan, will not help tackle the global economic imbalance, economists said here Saturday.

The idea that yuan's appreciation would cure global economic imbalance was not going to happen, Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, said at the China Development Forum 2010.

  

China calls on Washington to cool yuan pressure

China stepped up resistance Friday to US pressure over currency, calling on Washington to cool its "politicization and emotionalization" of the issue and warning a further rise in its yuan could drive exporters out of business.

Kaixin – I don’t think American pollies care about Chinese exporters. They probably haven’t grasped that many are actually American companies. Beside, at the moment American pollies are only thinking about the health reform bills.

 

US 'profited' from Chinese buying

Magnified trade deficit also leaves great room for exports to China, ministry says

BEIJING - The United States has reaped "fat profits" from China's robust purchasing power and its comparatively low labor cost, even amid the financial crisis, the Ministry of Commerce said on Friday.

The US has also been taking different approaches to process and evaluate trade figures, leading to its "magnified" trade deficit with China and leaving "great room" for it to improve its exports to the developing country, especially in the high-tech sector, the ministry said.

 

 

 

China's elections won't be Western-style

Candidates are 'all equal,' regardless of their money

Beijing - The latest revision to the country's Electoral Law, which grants rural residents the same rights as their urban counterparts to elect deputies to people's congresses but does not expand direct elections, shows China will adhere to its own mode of development instead of adopting Western-style elections, a top legislator has said.

"Different countries have different election rules and a socialist China won't follow Western election campaigns," Li Fei, deputy director of the legislative affairs commission under the Standing Committee of the National People's Congress (NPC), the country's top legislature, told China Daily following the adoption of the latest amendment to the Electoral Law last Sunday.


 

A peek into Google's global farce

The Internet world is not in a peaceful mood, thanks to the drama that Google has started.

Since the beginning of the year, the Internet search company from the United States has made numerous statements that it will quit the Chinese market. On March 10, its executives again announced Google will stop censoring its search content as required by Chinese laws and regulations, even if the decision would shut down Google.cn, Google's Chinese site, and Google itself out of China. Western media also jumped in recently, as they always do, offering headlines such as "Google's negotiations with China broke down, leaving China is all but certain."

 

 

The Wall Street Journal   MarketWatch

Currency stress tests indicate Beijing 'readying' yuan move - SocGen says one-off 5%-10% appreciation coming in April or May

 

ViewPoints: China, the New Dominant Economy?

Managing Director of The Carlyle Group, David Rubenstein, predicts that China will surpass the U.S. as the dominant economy by the year 2035, in a ViewPoints interview with Deputy Managing Editor Alan Murray.

 

 

The Wall Street Journal     China RealTime Report

Carlyle’s Rubenstein Talks Human Rights and China

David Rubenstein is bullish on China, whose economy he points out has been the world’s largest for “15 of the past 18 centuries.”

But what about the country’s questionable human-rights practices and crack down on political dissidents? Does that bother the co-founder of the Carlyle Group, which recently started a $100 million fund devoted to China?

 

Diplomatic Chatter: Huntsman at Tsinghua

The U.S. Ambassador to China Jon Huntsman displayed some of the unusual traits that some observers say make him an especially well-suited envoy to China.

At a speech (read it here) before several hundred students Thursday at Tsinghua University, sometimes called China’s MIT, Mr. Huntsman broke into fluent Mandarin, discussed Confucius disciples and about his adopted Chinese daughter.

Kaixin – Perhaps the US Administration is serious about its relations with China. As they say, all politics is local.

 

 

The New York Times

I.H.T. Op-Ed Contributor
The Myths About China's Currency

China fever is again gripping Washington as the U.S. Treasury approaches its mid-April deadline for pronouncing whether China manipulates its currency for unfair trade advantage.

Though returning to a more flexible and appreciating currency is in China’s interest, dangerous myths about China’s economy, and the benefits to the U.S. of a more expensive renminbi, are again being propagated, feeding China bashers and protectionist lobbies while endangering a crucial relationship. Some of the myths:

 

The Problem Is Not China

The Americans are desperate, and with good reason. They have successfully stabilized the U.S. economy after the financial crisis, but the problem is far from over. Despite a moderate recovery, the lack of job creation is serious.

Many U.S. leaders rightly see jobs as the key to their country’s recovery and avoiding a second dip. The lack of a solution is fast becoming a political one as the November elections approach. Recent calls to get tough with China are gaining momentum in various quarters.

 

 

The Australian

Rudd's approach to China and Stern Hu, a lesson in cowardice

"I have no direct knowledge of whether Stern Hu and his colleagues have broken one or more of the obscure and opaque laws which make doing business in China so difficult."

Kaixin – No you don’t have any knowledge. If the laws are such a problem then why are RIO and Chinalco forming a business relationship?

I almost did not include this article as it is a load of ill-informed nonsense. When will ‘The Australian’ get a journalist who knows something about China?

 

Beijing's quiet trial shows two may again be better than one

THIS quiet experiment in northern China appears to show that the government can slow down or halt population growth while allowing families more than one child.

Kaixin – A well thought out article. I do not agree with some of the language, of course, ‘infamous one-child policy’. It is only infamous in the eyes of those who oppose it, both in the ‘west’ and within China. The educated people in China we speak to, while not liking it, support it. They point out that un-checked population growth would have bought greater misery to China.

They point to India and wonder what will happen there. For the people we speak to, it is a reason not to import western democracy to China.

They will be happy if population growth can be checked without the one child policy. Indeed, my brother-in-law had the debilitating experience for a Chinese male of having his son aborted as it was an unplanned second child. He still understands and supports the need to implement such a policy.

 

 

The Age

China warns US not to politicise yuan debate

China urged the United States on Friday not to politicise a row over the value of its currency as it announced a top official would travel to Washington for talks on the issue and other trade disputes.

 

 

The Sydney Morning Herald

Chinalco, Rio strike record Africa deal

Less than a year after one of the business world's most extraordinary bust-ups in which Rio walked away from a proposed $US19.5 billion tie-up with state-owned Chinalco in favour of an iron ore joint venture with BHP Billiton, the pair have reunited in a move that will help mend strained relations between Australia and China.

China scraps Saddam debts

The decision followed a meeting between China's envoy to Baghdad and the Iraqi Finance Minister, Bayan Jabr, and would ''enhance economic co-operation between the two countries''.

 

 

Asia Times Online
Powerful interests stifle China reforms
By Willy Lam

A major theme of the just-concluded National People's Congress (NPC) was social and distributive justice, or the ways and means to help disadvantaged sectors such as peasants and migrant workers in China can get a fairer share of the fruits of the "Chinese economic miracle".

While last week's National People's Congress sought ways for peasants and migrant workers to get a fairer slice of China's economic miracle, it failed to end the residence registration system that denies access to urban social and educational amenities. Big-city cadres stymied the reform amid fears that more migrants will destabilize strained social services

 

How high is up?

Asian equities rose for the fourth consecutive week over the past five days as the MSCI Asia Pacific Index reached 124.78 in early afternoon Tokyo time Friday, up 1.3% since last week’s close. The ex-Japan version of the same index, not far from the recovery high of 126.77 reached just over two months ago.

The MSCI Asia Pacific Index has been in a trading range between that level and 114.19 since the beginning of September, but it has been technically overbought since the end of last month with erratic volume.

 

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