Summer is here now all we feelings are hot, but the market is going to winter. If you gave an eye on the news around the world, you will find that something unexpected is happening like debt crisis of USA and Europe and the decline of stock market. This is an indicator of economic crises is becoming. Maybe it’s just the first part of financial crisises; I think it will have a bad influence on our country. Maybe not now but tomorrow or today after tomorrow, nobody knows when it all begins.
I can say that China also has a big debt crisis, and the economy of china maybe be going to the wrong side. The governments are overspending to build so-called image projects, like those high-raise buildings of the governments or those empty express ways in northwest of China, but this project can’t earn money to pay the bill of building it. The more money we use in this way the worse crisis we get.
But who cares? There’s no punishment for using money in the wrong investing and there’s no watchful eyes. The global economy is going down, the market’s is cool down, and China is also a part of the world, so we can not in prosperity while the world is in recession.
Some manufactures in Dongguan city Guangdong province are closed because of the rising prices of materials and the raising payment of the workers and it’s so hard to get the loan from the banks. We are facing many problems like power crisis or financial crisis or the lack workers. None of them is easy to solve. My brother in-law is working in a HK company as an electrical engineer told me that their company is in a hard time now although their business was so good in the pass the other day. He said this time maybe more serious than the financial crisis of 2008.
Winter is coming to us although it is scorching hot summer day. Are we on the way to another serious crisis? Whether you believe it or not, I do believe any way!
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