Posts tagged ‘Dmitry Medvedev’

01/02/2016

Another Type of Factory-Gate Indicator: Dumpling Sales – China Real Time Report – WSJ

Whether it is the cold drizzle, factory economics or the annual exodus of migrant laborers ahead of Lunar New Year, Lin Xinge is selling fewer dumplings.

Ms. Lin is chief dumpling wrapper, waitress, cashier and dishwasher for Fujian One Thousand Li Fragrant, a tiny restaurant she owns with her husband in an industrial zone of Shanghai. Just over a fence, her neighbors include iPhone maker Foxconn Technology Group and other giant industrial groups that employ legions of workers she counts as customers.

“The workers earn less salary so fewer people come here and our restaurant isn’t doing well,” says Ms. Lin. She says that during the three years she has run One Thousand Li Fragrant, she’s had periods when every seat at her eight tables has been filled. Not lately.

Like her customers who come for $1.50 bowls of noodles and dumplings, Ms. Lin is a migrant worker. On a recent day she was sitting on an orange chair in the restaurant gripping a hand-warmer and thinking of her native Fujian province, where as a young woman she sang opera in the local dialect.

“Our Putian is more comfortable,” she says referring to the ancient city in Fujian where she was born. Though only 34 years old, Ms. Lin said singing in a traveling opera troupe is for the young and made less sense for someone like her, a mother of two.

In the Shanghai factory zone called Songjiang, One Thousand Li Fragrant was among the few restaurants that remained open ahead of the Feb. 8 Lunar New Year. Wind and cold rain whipped across tables placed on the sidewalk that would have been inviting in balmier times. Ms. Lin said the other dozen or so restaurants, also run by migrants and for migrants, had shut a few days before, as their owners departed for the holidays.

China’s mass people movement for Lunar New Year officially began a week ago. Beijing predicts 2.91 billion trips between January 24 and March 3. Ms. Lin’s family will join the throng in coming days.

Economists will be watching how China’s slowdown affects the mass migration. During past years of economic boom in China, until the mid-2000s, cash-rich factory workers returned to interior villages for the holidays, but quickly flooded back to the industrialized east, often along with family members willing to work for low pay. But in more recent years, the monotony of factory work has proved less of a draw, leaving employers to scramble to hold workers, with higher salaries or benefits. This year, jobs themselves are the concern.

Migrants interviewed outside factories in southern Shanghai and northern Zhejiang province this past week provided a mixed picture. Some suggested the economic slowdown is hitting factories. Some noted that workers were sometimes being encouraged to leave for holidays earlier this year while some factories shut outright. Truck traffic in the zones appeared light and some facilities were shut.

Speaking outside some factories, many veteran workers used the word for nothing special, “chabuduo,” to dismiss any suggestion they see dramatic changes this holiday season.

As heavy rain fell in the Zhejiang province industrial city Jiaxing on Friday, a group jostled and pushed an assortment of fancy suitcases, canvas bags and industrial buckets into the hold of a bus. The group was embarking on a 10-hour drive back home to the Henan province city of Nanyang. The mood was upbeat.

One woman, who works in a garment factory, said she was toting gifts for her family, including 100 rice balls. A worker, who said he drives on a construction site, reported he had a pretty good year. They said bonuses had been paid as usual.

Source: Another Type of Factory-Gate Indicator: Dumpling Sales – China Real Time Report – WSJ

29/03/2012

* BRICS flexing muscle – to set up joint bank, call for dialogue on Iran & Syria

Times of India: “Seeking to reinforce their growing economic heft with diplomatic clout, the BRICS grouping Thursday pitched for a bigger say in global governance institutions, including the UN and the IMF, and told the West that dialogue was the only way to resolve the Iranian nuclear issue and the Syria crisis.

Brazil, Russia, India, China and South Africa, which comprise nearly half the world’s population and a growing share of global GDP, signed two pacts to spur trade in their local currencies. They also agreed to set up a working group for a joint development bank to promote mutual investment in infrastructure.

Prime Minister Manmohan Singh of India and Presidents Hu Jintao China, Dmitry Medvedev Russia, Dilma Rousseff Brazil and Jacob Zuma South Africa ended the fourth BRICS summit by renewing the pitch for reforming global governance institutions and closer coordination on global issues.The five leaders stressed on the restructuring of the world order to accommodate emerging economies and developing countries and for promoting sustained and balanced global economic growth.”

via BRICS to set up joint bank, call for dialogue on Iran & Syria – The Times of India.

28/03/2012

* President Hu arrives in Delhi ahead of BRICS summit

The Hindu: “Chinese President Hu Jintao arrived in New Delhi Wednesday on a two-day visit to participate in the BRICSsummit

BRICS summit participants: Prime Minister of I...

BRICS summit participants: Prime Minister of India Manmohan Singh, President of Russia Dmitry Medvedev, President of China Hu Jintao, President of Brazil Dilma Rousseff, President of South Africa Jacob Zuma. (Photo credit: Wikipedia)

and to hold wide-ranging bilateral talks with Prime Minister Manmohan Singh.The Chinese President is accompanied by a high-profile delegation comprising Foreign Minister Yang Jiechi, State Councillor Dai Bingguo, senior ministers and business leaders.

Mr. Hu will meet Russian President Dmitry Medvedev on Wednesday before participating in the BRICS summit on Thursday. Mr. Hu, along with the presidents of Russia, Brazil and South Africa, will attend a banquet hosted by President Pratibha Patil in the evening.

Prime Minister Manmohan Singh will hold talks with the Chinese President on Thursday, on various issues including bridging the trade deficit and fast-tracking the new confidence-building measures. The two leaders are expected to declare 2012 as the year of India-China friendship and unveil initiatives to bolster cultural exchanges and people-to-people contacts.

India is expected is to raise the issue of huge imbalance in bilateral trade which has exceeded $70 billion, with the surplus heavily in China’s favour.”

via The Hindu : News / National : Hu arrives in Delhi ahead of BRICS summit.

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