China president's arrival

The Chinese president Hu JinTao just arrived to Washington today, it is a nice gesture after President Obama visited China a few months ago in his Asian trip, on the other hand, would there be any worries about the loan that China lends to USA? President Hu openly claimed that he wishes USA keep the credit he expected to an international newspaper last year.

It is a funny thought that how the system may work related to inflation, if the inflation rate gets higher and higher, the actual value of dollar would drop then US can meet the payment easier. Well there was record that US did it to Russia, it could be done to China too, I don't see why not?! It's like hey I borrowed 10 bucks from you, if I have to pay you back 3 months later, at that time if my 10 bucks face value is 10 bucks but actual value drops to $7.5 (inflation rate), I am paying you 10 but it costs me $7.5

if this happens, it will cost American people's life, especially the poor in the country.

Anyway, Victor watches Glenn Beck all the time, sometime I think this guy is a little crazy, not that I hate what he says, I am sure what he says persuade a lot of viewers otherwise no body is watching his show, especially the far right. He was talking about how China is going so strong but our nation USA is still ahead because we have creation, innovation and a great system.... bla bla bla. Meanwhile Glenn Beck was complaining how bad the Chinese factory owners are treating their workers, they only get $300 / month... sleep with 10 people a room... work 10 hours a day...

Listen, you are a factory worker, you don't stay at an ocean view apartment with double-oven kitchen, it's like a US military soldier at the bottom level shares his room with 12 other brothers, no difference.

People always ask my point of view of this, I said it very honest to them. "If you don't go; you don't know. You think you know because someone on TV reported this to you, but the guy on TV did not know much neither, he was never there!"

Not just that many friends of mine own factories in China from garment to lighting fixture to plush toys, they hire 700 workers to 2000+ workers in China, provide housing and food in the canteen. The salary a worker gets basically go to his/her own saving so they can help out their family in the farmland somewhere or go to their own entertainment such as movie, karaoke or their choices of purchase such as a cell phone or a lipstick.

A lb of bell pepper costs US$ 2.5 in Publix supermarket, the same lb of bell pepper costs US$0.10 /lb at a vegetable stand in China;

A lb of beef for stir-fried cost US$ 5.99 in Joseph's classic market, the same cut of beef costs US$ 1.0 /lb in a butcher stand in China.

The living expenses is lower, the living standard is lower for a worker in China.

(Note: I am not talking about an expat like Victor can live on that standard, nor any management positions, they require and do earn much more $ in China. Also imported and luxury products actually cost more in China because of TAX. Once Victor's cousin who owns a bicycle factory at that time asked me to bring him some cheese from Hong Kong, I bought him a few lbs of it and it costs a fortune, almost US$50 /lb and he still wanted it, regardless of the price, because of import goods was implied heavy tax due to demand from foreigners, hey chinese eats Tofu, not cheese!)

Factory owners have to deal with currency fluctuation, competitive price quoting and maintaining a quality level of the delivered products to client. The cruel fact is if USA doesn't buy, Europe does, Australia does, the Middle East does. When I traveled to trade show years ago, buyers are from all over. That's why I don't watch much TV here in the US because the view is very narrow, you don't see or hear much from a global point of view but WE THE AMERICAN think ......... this this and that.

I am an American now, I am also a Chinese, Chinese is in my blood and American is my choice, I wish both nations well and be friendly forever and ever! Now let's hope US pays back China its debt without pumping up the inflation rate!