Suzhou Industrial Park and Wal-Mart
June 8th, 2007
Here are two must read WSJ articles you need to check out before we visit the Suzhou Industrial Park (SIP) and Wal-Mart:
Wal-Mart Sneezes, China Catches Cold.
China Nutures a “Clean Tech” Hub. (This is not the park we will visit, and it is not yet even really up and running; but SIP has facets of this in it.)
Entry Filed under: Pre-Departure, Beijing, Shanghai, China, Misc.
2 Comments Add your own
1. Ryan Maaskamp | June 9th, 2007 at 2:05 pm
It is interesting to see the effects of the large international dependence on Wal-Mart and the dramatic effects a poor sales season can have. The article portrays Wal-Mart as if it were an economy within itself. I would be interested to see a list comparing Wal-Mart’s annual sales to the GDP of other international economies.
2. Fatih Sunor | June 9th, 2007 at 3:19 pm
The decrease in the consumption of US society results in a short-term higher unemployment in China. On the other hand, it may be possible to blame the overvalued Chinese Yuan for increasing the consumer prices and a decrease in consumption in US. If we combine these two statements we can conclude that the prices increase in US markets because of the government manipulated and overvalued Chinese monetary, which increases directly the unemployment rate in China and indirectly the unemployment rate in US. I am confused now. Am I still talking about two different economies?
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