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Monday, May 30, 2005

It has been a very long day.Monday that is.I've never looked forward for Monday.It's a stressful day.But I'm happy now .The way it is, after the worse have passed.. I actually enjoyed Monday.There's something I did special today.We studied in the library.It's the initiative!Usually we'll just study at home.Sleepy and tired now.I guess I'm supposed to be.It's late.Don't laugh.. whoever is nocturnal.. cause I'm not.I sleep early.haha.

China has increased its stakes in the textile row.They did that cause they didn't want to lose.. and also they didn't had to.US and EU have imposed quotas on China's textiles.Reason..?Cause they lose jobs.How is that linked to China.Well the low labour cost enables China to produce cheap textiles which therefore spreads throughout the world.Local US and EU manufacturers can't compete and therefore lose their jobs.To protect American's in the textile field,China's has been blamed for undervaluating its currency .US has already imposed quotas on China.In return,China scrapped export tariffs of textiles.This would make it cheaper for the chinese to export their goods.It's like a counter of some sort.

When all this is happening,there is much more by the sidelines waiting to emerge.Taiwan issue.Korea issue and many more.All one way or the other connected to China.I guess...White House have decided to curb the Rising Dragons increasing power.

Just a thought of mine.Going to sleep now.School is when time lags.Holidays is when time sprint.

Derek | 11:55 pm

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Name:Derek
Age: 20
University:
  • Curtin

    • Birthday: 2nd December 1987

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