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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (14581)	11/2/2004 9:33:42 AM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Good idea. China has started to subsidize farmers from this year, 11 billion Yuan, not much but it is a start. Hope will setting a trend. And next year will completely phase out agricultural tax. Although it is important to raise the subsidy for farmers, it is also very important to increase the minimum living expense for those unemployed in cities. And actually, the latter is a much more unstable factor. Especially, from early this year, the inflation is picking up rather fast. Plenty of poor unemployed workers who previously worked SOEs are having a very hard time. Furthermore, those who are working for the sweatshops are also using their blood to exchange a little bread. That is why plenty of them returned to their home town in rural areas, and say "no" to working in sweatshops. I guess the gov. can keep increasing minimum pay for this group, but the sweatshop owners almost always have some way to counter this.