Categories
China Life

Education: a Universal Problem

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Last Updated on May 24, 2007 by stlplace

When I was in Shanghai in March, I watched a special program on China-CBN (Di Yi Cai Jing) talking about “school for migrant workers’ kids”. Not surprisringly, the schools’ condition usually are much inferior to same level schools attended by “city kids”. The Shanghai Municipal Goverment gave 60 m Yuan this year for the “migrant kids’ school”. This is nice, but not too enough to cover all the kids, because they are millions of migrants workers in Shanghai, and I believe there are at least one million kids attending those schools (so roughly 60 Yuan per kid).

Categories
Fun Stocks

Home Inns and Alibaba update

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Last Updated on May 24, 2007 by stlplace

I got some more Home Inns (HMIN) today. Nothing fundamental has changed at Home Inns, as I said in my previous post.

Separately, Ma Yun, the big mouth at Alibaba, speaks again. We all know he likes to brag about how great will Alibaba become, but this time he is saying “China does not have a pure Internet company”. Duh? How about Baidu?