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    The 2009 UCBC breakfast meeting series was kicked off by new member Dr. Xiang Sheng Yin from Cargill. Based on his personal studies and 17 years of experience at Cargill, he has focused on the effective establishment of trust and credibility with customers in China. The presentation included many of his personal stories describing the business environment in China.  A UCBC member commented afterwards that Xiang’s “sense of humor definitely [added] color to the already well prepared material”.

By Greg Grunsted

The great economist was referring to financial crises and corrections as necessary components of a healthy free-market. This ‘shower’ is needed to cool things down and clean out the infective elements that build up during all economic cycles.  Then, as after the nausea and vomiting experienced when one contracts a bad flu, the economy begins its recovery.

By David Dollar, World Bank

China’s big stimulus plan will help keep the economy growing at a healthy rate, though 2009 will be a rough year with probably the slowest growth in nearly 20 years. While China applies stimulus to deal with the immediate downturn, it would be good to be thinking ahead. China needs a new growth model, and it should evaluate its possible spending plans both interms of immediate stimulus and in terms of contribution to this new growth model.

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CHINAINSIGHT (CI) is published monthly ((except July/August and November/December are combined) by China Insight, Inc., an independent, privately owned company started in 2001 and headquartered in the Twin Cities area of Minnesota.

CHINAINSIGHT is the only English-language American newspaper to focus exclusively on connections between the United States and the People’s Republic of China (PRC).

Our goal is to develop a mutual understanding of each other’s cultures and business environments and to foster U.S.-China cultural and business harmony.