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Overall, my impression is that China with the encouraging domestic demand for goods and services is not suffering as much as in north America. Big city like Shanghai has little effect on them except some Koreans, Japanese and Taiwanese are selling their properties due to their liqidation problem at home. Other than that not much ha[[ening there on the surface. DG with the heavy loss of jobs form factory closing still survive pretty good so far we see. may be there are lot more problems than we know. When I was in Ho Chi ming city during this trip, an offical told me they suffered a lot with the factory closure in their city, lots workers lost their their jobs especially from Korean and Taiwanese business. Inflation was very high there. Vietnam was expanding too fast too quick, hence the effect of the crisis is greatly felt by the lower and commoners. Their government cannot do the same as in China. We should be glad that we have accumulated wealth and good fiscal restrain of the chinese government, otherwise we are sucking air rather than sucking tits
