Tuesday, February 24, 2009
really funny google hacks
Well, about a hour ago I was chatting with one of my friend. Actually we are talking about how to acquire page view statistics on a website which are controlled by third parties. Suddenly I was reminded of the idea that google hack may do the trick. Then after a bit of googling of "google hack", many funny things popped up. One of them is how to view or control a webcam by google. And I also found some guidelines(Taking advantage of technology, and how to search and view free live webcam by google) about this trick. And this one even listed some live webcam available at present. I just paste some of pictures for your curiosity. You can just try some of them. Have fun!
Saturday, February 14, 2009
personality guess from blog
There is an old saying in Chinese(文如其人): The style is the man, or the writing mirrors the writer. It means we can deduce one's personality from his writing. Now technology can verify this saying. There is a website Typealyzer.com doing this verification. Before you browse someone's blog, you can make a guess about his personality and find friends who are similar with you. Have fun!
Monday, February 9, 2009
a hot debate: where should China's foreign reserve go
Editorial: It is well known that China has accumulated the biggest foreign reserve in the past couple of years. As is noted in academics, this big number of foreign reserve is a double edge sword. On the one hand, it represents the financial power of the state. So the government can resist malicious speculation on RMB from some sharks among foreign investors. And also domestic companies can import advanced equipments and technology patents by buying foreign exchange from SAFE(State Administration of Foreign Exchange) within specific limits. On the other hand, because foreign reserve exists in form of foreign government bonds and securities, there must be some kind of opportunistic cost and possibility of increasing the pressure of inflation.
When we can not rely on imports of the US and EU countries, what we can do with our foreign reserve to revive our economy? A hot debate is happening among some Chinese economists. I'd like to brief this debate(一场关于外汇储备用法的激辩).
On the night of Feb. 8, 2009, a hot debate is happening in the north of Ha'erbing. One side is Zhang Weiying, an economists and professor working in Peking University, the other side is Gao Xiqing, the CEO of China Investment Corporation. The focus is whether the foreign reserve should be redistributed to Chinese citizens to expand domestic demands.
Mr. Zhang made an adamant proposal that the big and idle foreign reserve can be partly redistributed to Chinese citizens to increase their purchasing power. And he thought it is helpful for every Chinese citizen to be the holder of the US bonds. Zhang's proposal was strongly refuted by Mr. Gao, who thought that once this accumulated reserve are redistributed to Chinese citizens, the government can't execute central management of foreign exchange, which is considered necessary to resist currency speculation. Mr. Gao said, "the Americans must oppose this proposal. because holding of the US government bonds means support of its credit. If we sell these bonds, the credit of bonds will drop dramatically. So is the expected profit of these bonds. And finally all of the foreign assets we are holding will become paper." Another reason he opposed the proposal is that he thought the citizens would rather deposit received money than consume. Let stimulating economy alone.
Mr. Zhang also defended his proposal. He said only a part of foreign reserve will be used for redistribution so that the national financial security will not be threatened.
Although the defense of Mr. Zhang seems unassailable, the proposal is a bit radical. The doubt of Mr. Gao about what the citizens will do with the money is reasonable. At present, most people don't have protection of social security. Education of children, disease, taking care of old parents are all big concerns for them. If these top concerns would not be relieved, consumption would not come as expected. So my opinion is that part of the reserve can be used in extending social safety net to all of the country so that people can consume without concern.
When we can not rely on imports of the US and EU countries, what we can do with our foreign reserve to revive our economy? A hot debate is happening among some Chinese economists. I'd like to brief this debate(一场关于外汇储备用法的激辩).
On the night of Feb. 8, 2009, a hot debate is happening in the north of Ha'erbing. One side is Zhang Weiying, an economists and professor working in Peking University, the other side is Gao Xiqing, the CEO of China Investment Corporation. The focus is whether the foreign reserve should be redistributed to Chinese citizens to expand domestic demands.
Mr. Zhang made an adamant proposal that the big and idle foreign reserve can be partly redistributed to Chinese citizens to increase their purchasing power. And he thought it is helpful for every Chinese citizen to be the holder of the US bonds. Zhang's proposal was strongly refuted by Mr. Gao, who thought that once this accumulated reserve are redistributed to Chinese citizens, the government can't execute central management of foreign exchange, which is considered necessary to resist currency speculation. Mr. Gao said, "the Americans must oppose this proposal. because holding of the US government bonds means support of its credit. If we sell these bonds, the credit of bonds will drop dramatically. So is the expected profit of these bonds. And finally all of the foreign assets we are holding will become paper." Another reason he opposed the proposal is that he thought the citizens would rather deposit received money than consume. Let stimulating economy alone.
Mr. Zhang also defended his proposal. He said only a part of foreign reserve will be used for redistribution so that the national financial security will not be threatened.
Although the defense of Mr. Zhang seems unassailable, the proposal is a bit radical. The doubt of Mr. Gao about what the citizens will do with the money is reasonable. At present, most people don't have protection of social security. Education of children, disease, taking care of old parents are all big concerns for them. If these top concerns would not be relieved, consumption would not come as expected. So my opinion is that part of the reserve can be used in extending social safety net to all of the country so that people can consume without concern.
Sunday, February 8, 2009
the turning point of China
Since the downturn of the US economy, there have been many discussions about whether China will be affected by this credit crunch originated from the US. Now the problem is not whether or not, but how. In the 4th quarter of the last year, many factories and businesses focused on foreign trade were closed and tens of thousands of people are laid off. Annual bonus in most companies were discounted in the last year. Even for those trying to sustain development, business opportunities become rare. It is evident that the China economy are experiencing the shock of financial tsunami. So what we can do to recover?
Actually both foreign and domestic economists and experts noted early that China was developing a very abnormal economy that we can see from the big Sino-US trade surplus. But there was no powerful measures taken to improve the situation. As long as the train of the economy is running, no much attention would be paid. Now the train is slowing down and likely to stop somewhere if nothing will be done. It is a turning point for us to make a transition in the development policy. In the past almost all of the economic accomplishments in China relied on large quantities of exports. And a big foreign reserve is gradually accumulated to the extent that China and the US are in the same boat. In the meantime, the percentage of consumption in GDP have remained low for years. Now we can't depend only on exports anymore. We should shift our focus to domestic demands.
The government has passed a stimulus package plan and some of these money has been invested in infrastructure projects. And countryside is considered the most important area for financial support. Most importantly, an overall social security plan is carrying out to cover all of the people. As long as these measures, long term or short term, are carried out fully, the potential of domestic demands can be unleashed and our economy can become into a more healthy one.
Actually both foreign and domestic economists and experts noted early that China was developing a very abnormal economy that we can see from the big Sino-US trade surplus. But there was no powerful measures taken to improve the situation. As long as the train of the economy is running, no much attention would be paid. Now the train is slowing down and likely to stop somewhere if nothing will be done. It is a turning point for us to make a transition in the development policy. In the past almost all of the economic accomplishments in China relied on large quantities of exports. And a big foreign reserve is gradually accumulated to the extent that China and the US are in the same boat. In the meantime, the percentage of consumption in GDP have remained low for years. Now we can't depend only on exports anymore. We should shift our focus to domestic demands.
The government has passed a stimulus package plan and some of these money has been invested in infrastructure projects. And countryside is considered the most important area for financial support. Most importantly, an overall social security plan is carrying out to cover all of the people. As long as these measures, long term or short term, are carried out fully, the potential of domestic demands can be unleashed and our economy can become into a more healthy one.
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