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B and 115 billion RMB for tax reimbursement. This appropriation was far from the amount incurred every year and up to the end of 2003, the tax reimbursement in arrears reached to 340 billion RMB ($41.06 billion). The profit margin rates of many exporters are below the reimbursement rate. As the default of payment accumulated year-by-year, some exporters have fallen into liquidity problem while waiting for the payment of tax reimbursement in arrears.

    So China should not be afraid to become red in trade, like it has during many periods of greatness. If the dragon becomes be red for years or even decades, the most foreseeable consequence is that RMB will be an international currency. To support an international currency, China should build ‘a stable macroeconomic environment, an efficient market mechanism and a healthy banking system’ as Chinese Premier Wen Jiabao mentioned as the preconditions for a revaluation of RMB. It is easy to say what’s good but it is difficult to identify the problems and solve them. When the growth is still enough to sustain the system, who will be brave enough to cut the mess behind the rise? China should not be afraid to become red again.

    Make your fate in control

    Fate is determined by character, and character is determined by knowledge, desire and habit. If a person wants to change his fate, he has to change his character first; and if he wants to change his character, he has to change his knowledge or his desires and habits. Complaining to other people or the environments makes no sense.

    Actually, everybody in this world will know about the meaning of life. It’s just the matter of time. A worker, who had just lost his job, met a university professor one day. He admitted that he didn’t love to study when he was a student. He just hated to study no matter what and how his father asked him to. When he got a job and became a worker, he realized how important to have knowledge in this world. But, it was too late…


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