300 million people travel for Chinese National Day Michael Sylvester

holiday-airport-travel-1.jpgIn addition to celebrating National Day, a new government stepping into power and eating and drinking too much with the family, 300 million Chinese will be doing some form or holiday travel next week.

Having been here for a decade, it still sounds like a damn big number -- and it is.  The kind of absurdly large number that makes you smile and shake your head a bit when you try to picture what it looks like.  I'm guessing a few of you are also shaking your heads in awe -- or making some kind of face.

Really!  300 million people all on the move at the same time?  That is the entire population of the United States all going somewhere at the same time.  Could all the gas stations have enough gas? Could all the roadside MdDonalds keep from running out of french fries?  What about the bathrooms in every rest stop, airport, trainstation, etc..?  It boggles the mind and in some way is only comprehensible as if it were some form of Monty Python skit. 

Michael Anti (aka Jing Zhao) Discusses the Great Chinese Firewall Michael Sylvester

  firewall.jpgMichael Anti (aka Jing Zhao) has been blogging from China for 12 years.  Despite the control the central government has over the internet -- "All the servers are in Beijing" -- he says that hundreds of millions of microbloggers are in fact creating the first national public sphere in the country's history, and shifting the balance of power in unexpected ways.

See the entire TED talk here...it might surprise you.

For those of you unfamiliar with the sturctural system here in China, a sentence or two might help to understand the sweeping changes going on and / or being prodded into existence by the Central Government in Beijing.   

Sylvester & Associates Shenzhen office in the media again

 PRD.pngRecently that’s PRD were at the chambers of American attorney Michael Sylvester, principal of Sylvester and Associates. Sylvester graduated from the University of Florida. He then went on to further studies in the Netherlands as an Erasmus scholarship student in international comparative law leading up to the formation of the Europe Union.

This American Life: Americans in China Michael Sylvester

TAM ogo.pngNational Public Radio in the USA played a program from This American Life in late June this year about what it is like to be one of the 70,000 long term residents living here in China with no current plans to return to the United States.  

We think it might be helpful for anyone trying to understand a bit about the life we live here as long term ex-patriots to give it a listen.  There is a full transcript and links to listen to the hour long program as it was originally aired.

Some things that stood out in my mind as I was listening were that none of the featured Americans were Sinophiles.  And none really supported every decision made by the State here -- but often found themselves not being able to explain why China worked the way it did to their friends and family 'back home.'  It is worth a listen, folks.

China's most prominant business journalist Rui Chenggang, argues that for China to help the world, China must help itself.

The world is increasingly looking to China for help with the economy. Europeans need support for theirdragon.jpg bailout fund, developing countries want further investment to develop their infrastructure, and the United States wants a free-floating currency to end what it says is a generation of unfair competition with US workers.

Immigration to USA --Ella Xu

USA dream is becoming warmer and warmer in China since 21st century. According to the authoritative statistics recently, there are 150M people are willing to immigrate to USA which includes 22M Chinese people. The Chinese immigrants occupy 70% in the year of 2011. Why USA is still the top choice to the Chinese immigrants? The major reasons are as followed.
1)      Compared to the old other attractive immigration countries, the requirement to the net capital of USA are the most affordable. For example, the min net capital limit of Canada is 1.6M CAD, Singapore is 2.5M SGD and Australia is half million of AUD;
2)      The tuition of children is almost free;

Modern China; How do we co-exist with the chaos? Michael Sylvester

keep calm.jpgThe poster shown here is from the British Ministry of Information for use during World War II, should Germany ever invade.  There were a few other versions that were placed all over the UK at the start of the war -- but this was one never used.

Yet, a message about how to deal with an unknown and chaotic world still rings true today as much as it did in 1945.  And it is still how we co-exist with chaos. Whether we are riding out an economic crisis, a possible EU meltdown, or the rise of an Asia rejoining the world after a few hundred years of isolation -- the lesson is the same. Keep Calm and Carry On.

And for any of you that may have read around a bit here on Flaming Hoops, we have noted that it is much less chaotic here than one might think -- but it is different.  And it is those differences that we all have to deal with now.

IPO a Foreign Enterprise in China; Michael Sylvester

ipo.jpgCompanies IPO for one of two reasons, fund raising or as an exit strategy and sometimes it is a combination of both.

Well, a few years ago it became possible for foreigners to take advantage of the Chinese IPO market for their foreign holdings here in China too.

And given the multiples in China in the 30-35 range, when compared to 7-10 or so in the West, even after all the taxes are paid, a company can do very well here.

 And with the ability to export profits, have any taxes paid in China be deducted from your home  country (due to the Double Tax Avoidance Treaties in place here now) there are fewer and fewer  reasons not to seriously consider using your existing company as a source of expansion capital.

China: If it seems too hard, maybe you are doing it wrong... Michael Sylvester

 driver.pngFatiuge is a real thing.  Jet lag happens.  A few bad events  all happening in the same day can make you wonder why  you got out of bed at all...

 And this can be a challening environment, even on a good  day things are still going to go wrong sometimes.  

 So, we often find ourselves reminding people that if what  you are trying to do seems too hard, maybe you are doing  it wrong.  Not that your goal is inappropriate, but how you  are trying to get there might be based on something other  than what works here.

 The modernization occurring here has no meaningful Westernization component.  So, if part of  your long term strategy has been to wait until China has "developed enough" to start to do  things your way -- you might as well just pack up and go home.  Really.

A Good News For the Business Invstors in Shenzhen - Ella Xu

From 1 January, 2012 to 2014, Shenzhen Industrial and Commercial Bureau (ICB) who is responsible for issuing Business License will stop charging administration registration fee to all new formalized company.  For example, the investor will save about RMB5, 000 if the regsitered capital of the new company is RMB 1M.   In the meanwhile, the administration charge for increasing Registered Capital for old company is stopped too. 
After the Congress Meeting of this year, the central government is also considering lowering the tax burden of middle and small size company feasibly and furtherly.

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