Thursday, September 17, 2009

A look at the People's Daily from China

Some things I read just scream out for commentary, even if there isn't time for a lot. Today I happened to see a reference to an article in the English version of the Chinese People's Daily Online ( -- who knows if it is the same as the Chinese version? -- entitled "Dongguan's dilemma: labor shortage vs job-hunting difficulties" that talks about how factory owners are having a hard time finding workers at the prevailing wage. The economist in me wonders, "why don't they increase wages, then?" and the article notes that the firms don't feel they can increase wages because of price pressures. The interesting thing is that the Chinese wages are always referred to as the culprit in why wages can't increase in places like the US, yet here the Chinese are talking about prices pressures, presumably at least some from outside China. Hmmm.

While on the page, I saw a few other interesting article titles referring to areas/countries in which I have an interest: "Baby alien found by Mexican farmer," "Why India is pursuing military strength?" "India's Media Stinks Up Public Opinion," and "How do India's Middle School Textbooks Portray China" -- all of which refer to bulletin board debates, the quality of which are themselves debatable. But Asian analysts certainly can pay attention to these kinds of places to track at least one slice of public opinion.

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