Weblog with daily updates of the news on a frugal, fair and beautiful China, from the perspective of internet entrepreneur, new media advisor and president of the China Speakers Bureau Fons Tuinstra
Shaun Rein goeson air in CNBC to explain the confines of the recent food controls imposed by the Chinese authorities to control inflation. Controlling the food prices and lowering the production costs - by killing the toll fees for food trucks - are only temporary measures to bring back confidence of the people, he says. He expects the controls to be limited in time for perhaps one or two months.
And meanwhile he has to address persisting myths on the importance of export for China's economy in the debate: percentage of export in GDP has dropped from 40 percent ten years ago to 20 percent now.
Shaun Rein by Fantake via Flickr
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