Back from Sanya, China

I am back in Singapore after a three day trip to Sanya, China. Sanya was beautiful and truly deserves the epithet - " Oriental Hawaii". Though I was on a business trip, managed to get some time for sightseeing.

Photos & Travel diary to follow soon.

P.S : No access to Blogger & Twitter for the past three days since both are banned in China.

Free markets & China

As protectionism & nationalization sweeps the world, can government intervention & regulated markets lead the way?

The answer is highly debatable depending on which end of economic spectrum you lie, but the clear truth is more and more countries are gravitating towards left of the center.

Amidst all this , this opinion piece in today's Business Times caught my eye. Ha, the title was too catchy !

1949: Only socialism can save China
1979: Only capitalism can save China
1989: Only China can save socialism
2009: Only China can save capitalism

Economic giants in trouble?

Now that the once popular decoupling theory has been comprehensively debunked, its worthwhile to examine the seriousness of the trouble brewing in the economic giants of the future - China & India.

The Economist has a special report on India & China and the uncertainty facing these markets. For India, the medicine it has prescribed are in four key areas :

"If India is to sustain a growth rate of 8% or higher, as it aims to do, it will need to manage four potential constraints. The most pressing, its rotten infrastructure and the dreadful quality of its education, are, alas, not new. But the government’s response has long been inadequate, and with India’s burst of high growth these two problems have become more urgent than ever. India’s current rulers, the mahouts to an elephantine state, seem at least to understand this. But their efforts to end these troubles remain unconvincing. India’s other big constraints, its cumbersome labour and land laws, should be easier to fix. But there is depressingly little sign that this will happen soon".

China - Amazing photo gallery !

View this amazing photo gallery of China. If there is heaven on earth, then here it is. Spectacular photos !