No country has ever experienced an economic growth that China
has had in the past few years. China has grown 10% annually for the past 25
years. China is growing so fast that other countries see China as a threat due
to their economic prosperity. Yes, China may take a big chunk of the worlds GDP
pie, but every year that pie is getting bigger and bigger. Everyone is able to
get more money every year due to the pie growing. MMMMM pie, I’m craving a home
baked apple pie now. Back to Chinas economy, there has actually been some
economic controversy in China. There is a huge problem with intellectual
property rights. It’s so bad that some companies, such as Nintendo won’t do
business in China. The Xiushui silk market is the prime spot to get counterfeit
goods. In fact, I bought a cheap Celtics jersey when we first got to China. I
was able to barter a fanny pack from 400 yuan to 50 yuan and then I walked away
because I lost interest in the fanny pack. Yea, I know, that was a total savage
move. Surprisingly the government does not set the prices for goods, instead
they establish the exchange rate of the currency. The Chinese yuan is not
freely convertible, yet the yuan is convertible on current account
transactions. In my time in China I have been able to experience some basic economic
principles. The photos below is of me rocking
my 100 yuan Isaiah Thomas jersey. I have to rep the UW alum in the city streets
of Shanghai. Also that bus in the background hit. He gave me 300 yuan and we
called it good…..
Friday, May 27, 2016
Chapter 3 Culture
Chapter 2 History, Philosophy, and Religion
China has a lot of interesting history. I find it interesting
how China had all these different dynasties’ such as the Qing Dynasty, the Song
Dynasty, and the Ming Dynasty. Each one of these dynasty’s brought something different
to the table. The Ming Dynasty brought in numerous technological innovations
into the country while the Zhou Dynasty over threw the Shang and expanded
geographically. Each dynasty was different and it’s mind-blowing that every
time I walk through the streets of China, multiple dynasties were responsible
for the development of China. Know you might be wonder “well josh this is great
and all that you realize that China has multiple dynasty’s, but how are you
applying it to your time in China?” Easy answer, I’m exploring historical parts
of shanghai. A few days ago we went to a garden YuGarden which has been a major
historical landmark in China. It was absolutely beautiful with incredible
sculptures and mind blowing agriculture. I also tried to catch a koi fish with
my bare hands….. I spent around 30 minutes on my stomach just so I can catch one
of those suckers. I failed, those suckers are to slippery and to fast for me. I
plan on going to more temples, gardens, and the museum in my time in shanghai.
The photo above is of me exploring the YuGarden.
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