China_china的由来
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Can you list out the negative sides of Chinese spending National Day holiday?
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What are the positive sides?
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China's Holiday Tourist Boom Reflects Employment Stability: Economists
2013-10-04 14:43:56Xinhua
While some people complain of tourist overcrowding having turned China's seven-day Golden Week into a “golden me,” economists have interpreted the phenomenon in a more positive way.“The strong Golden Week tourism data suggests, firstly, stable employment, rising wages and robust consumer confidence,” Lu Ting and Robbie Li, China economists with Bank of America Merrill Lynch, said in a research note.Strong data also indicated a rebalancing from savings/investment to more consumption, an upgrading of consumption from neceities to leisure and luxury goods, better infrastructure to handle and accommodate the rapid rise of tourists, and the low probability of growth hard-landing on robust consumption, according to their research.The research note said China may see some moderation in year-on-year GDP growth in the fourth quarter due to a high comparison base, but the likelihood of it seeing a sharp slowdown is low.Lu and Li expect year-on-year GDP growth to rebound from 7.5 percent in the second quarter to 7.9 percent in the third quarter, and then slow to 7.7 percent in the fourth.For Tuesday and Wednesday, the first two days of the national holiday, the tourist industry recorded good busine.The number of visitors to China's top 125 tourist attractions reached 8.4 million in the first two days of Golden Week, up 18.8 percent year on year, after adjusting for the difference in surveyed attractions.In comparison, year-on-year growth in Golden Week tourists was 21 percent in 2012, 8.8 percent in 2011 and 6.5 percent in 2010.Total tourism revenue from these attractions jumped 26.6 percent year on year to 437 million yuan(71 million U.S.dollars).Since the holiday kicked off on Tuesday, relatively comfortable weather acro the country, toll-free expreways, admiion ticket discounts, and lower gas prices have combined to make this so-called Golden Week theoretically the best time for traveling.As a result, however, the country's highways have become clogged, high-speed trains have struggled to take the strain despite shuttling with the minimum poible intervals, and armed police have had to be summoned to help evacuate stranded crowds.Lu and Li also explained the reasons behind the explosion in tourist numbers.First, they said, China's employment levels have remained stable recently and wages have been rising.Economic growth will likely rebound to 7.9 percent year on year in the third quarter from 7.5 percent in the second.Average wage growth was still robust at 10.7 percent in the first quarter, with wage growth among workers in the private sector(including most1
migrant workers)at 15.9 percent.Second, the report authors pointed out, notable policies have lent support to independent traveling, especially self-drive tours.Like last year, highway tolls have again been waived for vehicles with seven seats or fewer and the National Development and Reform Commiion cut fuel prices by 2.8 percent on Sept.30, right before the Golden Week holiday.Third, according to Lu and Li, the great improvement in transport infrastructure, especially high-speed railways and highways, has played an eential role in providing cheaper, faster and more convenient ways to get around.The rapid growth of hotels including chain budget hotels also makes traveling more affordable and comfortable.Fourth, they suggested, independent trips could have been partially bolstered by the wealth effect as home prices have been soaring so far this year.The A-share stock market is slightly down by 4.2 percent from the end of 2012, but it should have little impact on household wealth as stockholding is a very small part of the average household's bank deposits.Causes of the failure:
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It’s No Surprise That China Cannot Produce a Steve JobsBy Qiu Lin
Over the past three days, millions of Chinese people published words of condolence on their micro blogs over the death of former Apple CEO Steve Jobs.They also raised a question: Why is China unable to produce its own Steve Jobs? Kai-fu Lee, who formerly served as Google's vice president as well as the president of Google China, published on his microblog that there is too great an emphasis on recitation and memory in the Chinese education system, thus discouraging critical thinking.It’s not that the Chinese people are not smart enough, or that they do not have the potential to become a Steve Jobs-type person.One only needs to look at Yahoo!founder Jerry Yang and YouTube founder Steve Chen to know this.Kai-fu Lee’s words are not unreasonable.Chinese people are definitely not stupid, but why is it that China has yet to see a Steve Jobs-type figure? A well-known domestic Internet site carried out a survey concerning this question a day ago.According to the survey, 63.3 percent believe that at present, a Steve Jobs figure will not appear in China;28.9 percent believe it will never happen;only 7.8 percent of participants believe that in 20 years or more, there is a likelihood of a Steve Jobs-type person happening.The notion of a Chinese Steve Jobs is still worth considering, even if this poll doesn’t much.Objectively speaking, there are many constraints that may prevent an inventor like Steve Jobs from emerging in China.Firstly, the herd mentality is particularly strong in China, and mainstream thought holds that people who are different should be excluded.Secondly, the current state of intellectual property protections in China is obstacle to innovators.Innovators may work hard for many years, dedicating much effort and money for a result that may be plagiarized by someone in just a few days.Thirdly, the preures of everyday life are high in China, and it is rare for people to do things out of interest.Steve Jobs was not affected by these factors in the United States.Someone once commented that Steve Jobs had an amazing ability to continuously find things that should exist—but did not in fact exist in reality—and then would find the perfect new technology to combine with an aesthetic appreciation, resulting in an appealing final product.This is the foundation of Apple’s succe story in becoming one of the world’s leading companies.Ten years ago, Apple was on the verge of bankruptcy.When Steve Jobs returned to the company in 1997, Apple had suffered US$ 1.86 billion in loes over two years, and was facing bankruptcy.Upon his return, Steve Jobs introduced a revival plan – to continuously develop new products.As of June this year, Apple's cash and marketable securities reached US$ 76.1 billion.Until July of this year, the U.S.Treasury Department's total operating cash balance was US$ 73.77 billion.In other words, Apple could be a wealthy state, in and of itself.Every new product released by Steve Jobs was widely anticipated and talked about, because every time, whether intentionally or unintentionally, he influenced industry structures and changed busine models.This is perhaps the biggest difference between U.S.and Chinese IT and Internet industries.Chinese companies make decisions based entirely on the market and consumers trends.They focus on keeping up with market trends, unable to make completely new innovations.Chinese enterprises do not want to fall behind or risk the significant loes that come with being the pioneer;usually, they let others be the trailblazer, and immediately follow once the momentum has been created.Many well-known enterprises in China operate in this way.To sum it up, as a result of their lack of confidence in their ability to judge and control the market, Chinese enterprises are not able to create demand or be trendsetters.More importantly, one of the most notable characteristics about Apple is that it did not rely on government support to become the world's largest enterprise, measured by market capitalization.China lacks precisely the kind of soil that produces such an enterprise.The truth is, Chinese state-owned enterprises are a kind of administrative monopoly.Monopolies restrict competition, delay upgrading of industrial technology, reduce the social efficiency of resource allocation, interfere with market competition, and so on.Chinese private enterprises that are similar in structure to Apple do not have the same opportunities for development.It is difficult to see these companies in the Fortune 500.This is a systemic problem.In all of the countries that operate under a market economy, China is one of the few to allocate resources through policy, with state-owned enterprises, foreign enterprises and private enterprises all receiving different policy treatments.This is perhaps the root of why the Chinese people will not get a Steve Jobs and a private enterprise like Apple.In the final years of his life, former Chinese Academy of Space Technology Dean Qian Xuesen asked, “Why is China unable to cultivate outstanding talent?” This is the famous “Qian Xuesen question.” Now, as Steve Jobs walks into history, many Chinese netizens are eagerly asking where China’s Steve Jobs is.Of course, it is not surprising that China cannot produce a Steve Jobs.Because Steve Jobs was paranoid [about competition], he was able to create the Apple of today.When a person with the paranoia of Steve Jobs emerges in China, perhaps there will be a Chinese-style Apple.It is difficult to comprehend, but it hits at the heart of the problem.To foster a Chinese-style Jobs, China must provide its creators with the right soil and environment for creativity, and this environment must allow even someone with paranoia to survive.Otherwise, Chinese statements urging the development of a world-leading company like Apple will be nothing more than empty words.Qiu Lin is a capital market investment strategist and recently published a book on forecasting market trends titled 开启资本宝库之门.
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