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WTU 99. AKIC Tidbits.
- Oil Prices are rising. And China has retrenched its policy of subsidizing fuel prices. This policy will eventually become unsustainable. I have seen fuel line-ups with hundreds of trucks in Wuxi all this year. With the increasing demand for energy, I don't see how the government can fix the problem without increasing energy prices and then having to try to put down the unrest that would follow.
- The three days of mourning are over. The Earthquake has impacted the Chinese like 9/11 impacted us living in North America in 2001. But, this year has seen a few 9/11s for China. 3/14, the day of the Tibet riots, impacted the Chinese. I wonder if the 9/11s will ever stop here.
- Was the owner of the Blue Bar insensitive to the Chinese? Possibly. He definitely has the Australian gruffness and frankness.
- Here is Wuxi Tony Update (WTU) #99:
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