Looks like CNY is just around the corner. Almost everybody is winding up their businesses especially factory production. With the looming gloomy economic climate, many factories has taken this opportunity to extend the CNY holiday for a week or more in an effort to reduce production overhead cost. Some has even decided to cut employees salary as a move to reduce expenses. Though family reunion dinner celebration is a must, it looks like a mixture of “glad to be still alive but have to tighten belt” to face an uncertain future.
It is unfortunate the world economy has to centre itself on the biggest consumer market namely the USA. Whenever their economy goes down, so does the whole wide world. The cycle of wax and wane of the world economy has a very predictable pattern which no one seems to bother except the academics. It roughly follows a 10 to 11 years of boom and bust cycle. Some scientist even wonders whether it has something to do with the solar cycle activities which also follows a 10-11 year cycle. Strange coincidence indeed. The world’s economy is like a bubble, it just need a flashpoint to trigger it and the house of cards would just come tumbling down. (more…)
