Is China Still Developing?
China has officially surpassed Japan to become the second largest economy of the world. No major world actions are taken without China taking part in the process. But still the tag of a developing country is used to describe China. Till when is a country considered to be Developing? Does the sheer size of the country’s population give it the unfair advantage of a developing nation forever? China has become the manufacturing hot spot for automobiles, toys, electronic goods, cell phones, laptops, etc. Apart from that, now thousands of Americans are going to China for jobs. The postcards that are being sent by these people do not say anything about the developing status of China. In fact it can be called as a developed country with problems associated with over explosion of population.
Recently China at the G77 developing nations conference suggested moves to curb climate change by forcing developed countries to give assistance to developing countries like China. The Chinese received a stern reply form United States who completely deny China still being a developing country. The United States have agreed to pay every other developing country except China, rightly so. Instead United States is urging China to invest in carbon caps in other developing nations.
China has one of the worlds largest GDP, but the same can not be said about its annual per capita income, which is around $2,500. This is 4 percent of what the GDP per capita is in United States. Hence the line between developed and developing country is badly drawn. Although million have been successfully lifted from poverty, still millions are left in the same hole. It can be termed as a process of non-trivial wealth. Hence unless the problem of developed or developing country is not solved, there seems to be no solution to the climate change agreements.
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Even if you have to take out payday loans to pay for a trip, visiting China should be on everyone’s list of places to visit before they die. China is brimming with beautiful cultural and historical locations that simply cannot be passed up, many of which have been around for more than 1,000 years.
The most obvious historical place to visit is the Great Wall of China. You can’t honestly say that you are going to travel all the way to China without taking the time to go see the famous Great Wall. The 5,500 mile wall stretches from Shanhaiguan to Lop Nur and was originally built to defend the Chinese Empire’s northern border from various attackers. It’s well known that the Great Wall can even be see from space. Something this spectacular simply can’t be missed.
Another cultural attraction that cannot be skipped is the Forbidden City located in the heart of Beijing. This gigantic complex, consisting of approximately 980 buildings, served as the Chinese imperial palace from the Ming to the Qing Dynasties. There is also a lot of symbolism throughout the design of the complex. For example, the color of the tiles on the roof of each building represents something different. Yellow is the color of the Emperor, so many of the buildings have a yellow tiled roof.
Another place you can visit to learn more about the Chinese culture is Emperor Qin’s Terracotta Army. These magnificent soldiers were made and placed around Emperor Qin Shi Huang’s tomb so he would have an army to use in the afterlife. The tomb consists of over 8,000 figures, including horses, chariots, warriors, generals, and even acrobats and musicians. It’s simply breathtaking!
No matter where you decide to visit in China, you will be immersed in the magnificent culture and history of this ancient country.
Instant Messaging’s Role in Social Media Software
In this digital age, it’s hard to imagine being inaccessible as most of people have access to some form of electronic device that enables communication with the rest of the world. Thanks to social media software, people are able to establish communication and connections with people all over the world. And as technology advances and more devices are being developed to help facilitate communication, people and organizations alike are finding there are many benefits to relying on technology to establish connections, communicate messages, conduct business and further their education and careers, and it all starts with the Internet.
Whether you prefer to contact people via telephone, email, text or instant message, everyone has their preferred method of contact and the options are endless. As the digital age continues to evolve, so do the ways in which humans digitally interact and receive information.
Since the early 2000s, social networking sites have gained popularity as one of the main ways of communicating. Among its many functions, social networking sites allow users to share their lives virtually, allowing users to post pictures, make real-time updates and share their lives across the world in a way unlike anything that’s been done before. Whether you want to share a song that you just recorded or your daughter’s recital, there are so many ways to share information and quickly receive feedback with just a few clicks of the mouse. And with such a broad appeal, most people have online profiles they use to communicate with friends, family and colleagues, and this often leads to a broader social network of people that come together to share common interests. Beyond establishing or re-establishing friendships, there are several websites devoted to helping people establish romantic relationships. And while it may seem hard to believe and a bit ironic, thanks to social networking sites, the Internet is one of the premiere places for facilitating human connections.
Chinese Tax Breakdown
Every country has its own tax breakdown. China’s tax breakdown is a little different from the rest of the world, but it is still interesting to see how it is broken down for the second largest economy in the world.
An individual’s income tax is dependent on their level of income, and it ranges from 5% to 45%. Individuals are also responsible for a 20% tax on the interest or gain on investment they receive. This 20% is actually different from some other major countries where your tax bracket includes your income and your earnings on investment. You often end up paying one specific percentage.
The standard tax rate for both domestic and foreign companies stands at 25%. However, smaller companies and the small business sector can pay a 20% tax, depending on their industry. Some of the high tech companies actually pay a lesser rate of 15%, but again, that is based on the industry the company falls under.
Income from a business is not taxed the same way as income from a salary. Personal business income is taxed between 5% and 35%, depending on both the industry of business and the profit generated from the business.
Real estate is taxed at a much lower rate of 20% after deducting the purchase cost from the sale price.
These are just some of the tax breakdowns. With the proper accountant and proper paperwork, you stand to pay a better rate on both your income and your profit. Either way, this is quite different from several other countries that put tax rates at the same or similar percentage, regardless of profit and salary. These are a few of the tax laws to keep in mind when operating or working in China. The savings potential can be great, as long as you have the right tools and proper knowledge.
People keep pain to themselves, hiding it from the world. Weakness is embarrassing. Groups of people do the same. If there is a fracture in the group dynamic, no one speaks of it. Teams do this, even if the fracture is the coach. They quietly complain about the injury between team members, but seldom will they announce the injury to the world. Conversations will immediately change when an outsider enters the room. The conversation jumps to the assignment in Kinesiology 410, car insurance, or who has the best road bike—whatever it takes to move the truth from the forefront. The team wants to persevere and move forward successfully.
Governments have done the same thing. They are organizations but above all else, they are groups of people desiring to succeed. They are embarrassed to show their weakness to the world, so they do all that is possible to hide the injury, until it gets so large that it can no longer be hidden.
Once the injury has revealed itself, there are two possible measures that can be taken: lie to hide it, or cure it. Lying spreads the infection. Using the origin of the injury to cure it is impossible. The group must step beyond that which created the injury or it festers, becomes infected and eventually destroys the system that created it.
Governments fail by relying on the government to cure the infection. What is a government? A group of people. That group has the ability to change but it must do so openly, allowing the wound to seep the poison out so that the cure may have room to enter. China stands at this precipice. Internal bereavement cures nothing. Channeling the fear into action is frightening. However, without facing the fear, death is the outcome. The oligarchy of China is scared. How do we quell their pain?
Prepaid Credit Cards and Improved Credit Score
There are a few people with amazing credit. These people can easily get offers with amazing rates and limited annual fees. They probably wouldn’t get rejected for cards requiring excellent credit either. They learned the hoops in advance and maintained good credit from an early age or simply had better means to do so. This doesn’t apply to the majority though. Many people are just beginning their lives when it comes to credit (for example, students and youth in general) while others made some mistakes that damaged their credit a lot. Often, bad credit spirals out of control, with people bouncing from one card to the next and their interest accumulating with each attempt at repair.
For people in this situation — people whose credit score isn’t all that amazing — there is a solution. That solution is simply applying for and getting a prepaid credit card. These cards don’t present a risk to the companies that offer them as they are secured by a prepayment made by the applicant. This limit goes on to make up the credit limit for the individual. Besides being great for the companies that offer these cards, it’s also a way of keeping oneself in check. With a limit that is constituted by the amount prepaid and fees that need to be paid at the time of filling up such cards, there’s no way to earn an outstanding debt or accrue a ridiculous amount of interest. Besides other techniques, opening up such cards after making sure the chosen card regularly reports to the three major credit bureaus is a great way to repair bad credit and opening doors for one’s own future.
As with a typical credit card, users should fully research any card they’re considering such as associated fees before they begin their track to repair their credit.
Places to See Before You Die
Although nobody should need debt consolidation after going on vacation, there are many places in the world well worth the money. While the goal of a vacation is to do it inexpensively, many places are worth the splurge. The following places should be seen by everyone at least once before they die.
China is one of the largest populated countries in the world, and they have the sights, economy, and attractions to prove it. The Great Wall of China is one of only two man-made objects visible from space, and therefore should be explored by everyone. The culture is rich, the food is exotic, and the people are friendly. While the majority of the expense involved in a trip to China falls on the plane ticket, the experience is well worth the price.
For those hoping to stay somewhere more domestic, Las Vegas is America’s playground. The only city that truly never sleeps, Vegas has a host of more attractions and entertainment than one trip could possibly allow. The light atop the Luxor Hotel and Casino is the second man-made item that can be seen from space, but the attractions don’t stop there. The famous Las Vegas “Strip,” a four-mile stretch of Las Vegas Boulevard, provides visitors with all of the action, enjoyment, and entertainment they could hope for in one vacation.
Finally, Italy is a country that should be experienced by everyone, particularly those of Italian decent. A country rich with history, heritage, and culture, a trip to Italy is an unforgettable time. The food, flavor, and festivities are to die for, and the country is full of friendly people who take life slowly and enjoy each minute.
Although these vacations are expensive, they are all well worth the money. A trip to China, Italy, or Las Vegas is the easiest way to see some of the greatest sites the world has to offer.
Banking in the Second Largest Economy in the World
With China becoming the second most powerful economy in the world–and a close second at that–you might wonder how the average Chinese person dealing with personal finance differs from an American citizen. Do they get to choose where they bank? Do they apply for payday loans if they get in a tough financial spot? Do they have relationships with their local financial institutions and their employees like Americans used to do? Or is it a completely different system than the western financial systems in North America and Europe?
The one thing that plays a huge factor in answering any or all of these questions is that China’s financial sector is closed off and heavily regulated. You can’t forget that China still aspires to fulfill its communist ideals. Even though it has opened up its borders for investments from the west, communism still is one of the most fundamental and influential factors within China.
China’s banking system is heavily regulated, and its biggest bank is the People’s Bank of China. This is the has been the bank for average citizens since it opened in 1948. In 1994, banking reform was initiated to strengthen the role of the People’s Bank of China, yet it also allowed private banks to be established. Since the banking reforms were instituted, a number of foreign banks have been given access to China and have opened up branches. However, most of these branches are solely representative, with only a few actually permitted to carry out the typical branch functions.
While there are significant differences between China’s financial system and western ones, there are telltale signs that China is continuing to become more westernized in its financial dealings. China’s average household debt level rose from a marginal 4 percent in 2000 to 12 percent in 2008, suggesting a more relaxed attitude toward spending and taking on debt.