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US districts see rapid export growth to China


Encouraging report comes amid heightened scrutiny of trade practices

Booming exports to China are vital to the US economy and nearly all congressional districts, according to a report released on Wednesday by the US-China Business Council (USCBC).

The report was issued at a time of serious concern about bilateral trade after the US announced two weeks ago a Section 301 investigation into China’s intellectual property policies and practices and a threat by US President Donald Trump this week to cut trade with any country doing business with the Democratic People’s Republic of Korea.

The USCBC report shows that 432 out of 435 congressional districts have seen triple-digit growth in the export of goods and services to China since 2006.

The value of US goods and services exports to China is significant for congressional districts, the report said. China was a top-three goods-export market for 263 districts in 2016, and among the top five for 358 districts.

China was the top services-export market in 2015 for 93 congressional districts and a top five market for 399 districts.

The 448-page report, titled Congressional District Export Report, includes detailed figures for each district and concludes that US exports to China are vital to US economic growth.

According to the report, China was the third-largest export market for the US in 2016, behind Canada and Mexico. Total US goods exported to China stood at $113 billion in 2016.

In 2015, the most recent available year of complete data, US services exports to China reached $47 billion, making China also the third-largest services-export market. From 2006 to 2015, US services exports to China rose more than 400 percent, compared with 76 percent elsewhere.

The services sector accounts for an increasing part of China’s GDP as the country moves towards a consumption-based economy.

Despite slowing global trade, US exports of goods services to China continue to outpace exports to other…

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Real Estate Flipping Software


I have come to realize that there is hundreds of people selling real estate flipping software and most of the software is completely garbage. How do you know if you are getting good software of junk? I have come to realize that there is only one real estate investing software that has worked for me. The software has streamlined my business and brave me success.

Why do you need real estate software?

For me personally I wanted software that I could easily access, keep all of my leads in place, use to market to leads, and evaluate deals in. If I could keep everything in order and in one place I could save time and money.

Without something to keep you organized its hard to keep yourself on track.

When I started my quest for the best software it took me 3 months to find it but then God answered my prayers. In January 2010 I started getting emails from investors about new software that was coming out. Everything that I had wanted in a real estate investing software they had. I realized that thousands of other investors where having the same problems I and they wanted a solutions.

So what was that software? The software is called FreedomSoft.

Freedom Soft is software that can be used to manage your lists and contacts. The software was designed by flippers. It can be used by both landlords and people who flip houses.

The software helps to automate the marketing process of your business. There is not more need to spend hours on your marketing campaigns. You can easily create marketing campaigns and your leads immediately go into a data base.

A few things that make freedomsoft great is that you can evaluate a deal in minutes, send out direct mail campaigns, create a squeeze page in seconds, get instant leads, fill out a contract in minutes and tons more.

I could list out over 100 things that freedomsoft does.

Freedom Soft is a complete solution for investors and offers amazing value for the money.
I use Freedomsoft in my business daily and do not know what I would do without it.

Even if you are just starting out in real estate investing having some software that pretty much does real estate deals for you could make your life easier. Flipping Houses has become one of the fastest ways to financial freedom. And software makes achieving financial freedom easier.

Source by Christopher Seder

‘A yuan should be a yuan’, deputy head of China’s foreign exchange regulator says


There should be no difference in the trading price of the yuan in offshore and onshore markets, a senior official from China’s foreign exchange regulator said on Wednesday.

“In an ideal situation, there should be only one unified yuan price in the global markets,” Lu Lei, the newly appointed deputy head of the State Administration of Foreign Exchange, told a forum in Beijing.

The former head of the financial stability bureau at the People’s Bank of China said the yuan “can be traded in different places in different time zones, but the trading parties should be the same and there should be no gaps between onshore and offshore prices”.

As a result, there should be fewer speculative capital flows as investors try to profit from the gaps, he said.

Lu did not propose a timetable for the consolidation of the two yuan trading markets, and made it clear that he was not speaking on behalf of the SAFE.

China’s forex reserves, yuan on the up but slower growth ‘may lie ahead’

His comments were, however, reminiscent of an article written more than 50 years ago by US economist Milton Friedman. In “A Dollar is A Dollar”, which was published in Newsweek magazine on May 15, 1967, he argued that the US should give up the gold standard and “set the dollar free and let its price in terms of other currencies be determined by private dealings”.

While trading in the yuan “onshore” is strictly managed by the Chinese government, the currency is allowed trade freely in “offshore” markets.

On Wednesday, for example, the spread between the onshore yuan price, or CNY, and the offshore yuan price in Hong Kong, or CNH, was about 20 basis points. In late 2015 and early 2016, the gap peaked at almost 1,000 basis points. At that time, there were strong expectations in the offshore market of a yuan depreciation, so the central bank resorted to heavy intervention in the onshore market to support its value.

Time right to loosen controls on yuan-dollar exchange rate, says China state-run paper

A wide spread between the onshore and offshore market values usually results in a massive flow of funds into…

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Flight delayed after woman threw coins inside plane’s engine for good luck


Delayed flights are a bummer, especially ones that are caused by well-meaning humans doing things they shouldn’t.

A flight out of Shanghai to Guangzhou, China, was delayed for several hours after a superstitious passenger decided to throw a bunch of coins at the plane’s engine, reports the AFP.

According to the report, the elderly woman was spotted on the tarmac throwing coins at the plane’s engine while preparing to board China Southern Airlines flight CZ380. Thankfully, another passenger spotted the 80-year-old woman and alerted the proper authorities.

According to the cops, the woman threw the coins in order to “pray for good luck.” 

Police detained the woman, and 150 passengers were taken off the plane while the ground crew painstakingly retrieved the good luck charms. Eight of the coins missed, but one coin was lodged into the plane’s engine, which is not a good thing. 

The plane did eventually…

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Why did China invite Thailand to the BRICS party? Clue: its sleeper hit of an economy


Take a guess: which Southeast Asian country did Beijing invite for the BRICS Summit that begins on Sunday in Xiamen, where leaders from Brazil, Russia, India, China, and South Africa will discuss the future of emerging economies over tea?

Magpie Symbol Meaning in Chinese Culture


In Chinese culture, magpie is a symbol of happiness. The singing of a magpie foretells good luck and happiness. That’s why Chinese people call it ‘Happy Magpie’. The Manchu minority in Northern China even regards this birds as sacred animals. The magpie in Chinese is called ‘xi que’ and the character ‘xi’ means happiness. Two magpies facing each other is used to symbolize double happiness.

Legends concerning magpies are also found in historical records about Manchu. One day, when the goddess from heaven named Fokulon was playing with her two sisters beside the lake, a beautiful magpie flew above them with a red fruit in its mouth. The bird dropped the fruit and Fokulon picked it up and ate it. A few months later, she gave birth to a boy (Bukulirongshun) and he was the forefather of Manchu minority.

The descendants of Bukulirongshun and he himself were all courageous and skilled fighters. They were considered by the neighboring tribes as a potential threat. They decided to form an alliance and wipe out the rising tribe. One lucky boy named Fancha escaped the slaughter and kept running until dusk fell. This little boy was almost caught when a magpie lighted on his head. Luckily, the hunters did mistake him for a tree trunk when Fancha stood motionless in the dim field and the hunters ran on in another direction. The boy was saved by the magpie and he was the only survivor of the tribe in the genocide.

The little boy was so grateful to the bird that brought him good luck and happiness. And because of this, the Manchu people began to consider the bird as a symbol of luck and happiness. A Manchu man became China’s emperor in 1644 and established the Qing dynasty (1644 – 1911).

Source by Susan Wong