The short answer appears to be no, but let’s start at the beginning…as anyone who has been following the financial markets now knows, the mortgage market in the U.S.
The Olympics have moved into week 2 with track and field replacing swimming as marquee events and the national stadium (better known as the Bird’s Nest) supplanting the Water Cube as the place to see and to be seen. With two competition sessions per day scheduled at the Bird’s Nest, which holds 91,000 spectators, the crowds at the Olympic Green have gotten much bigger and the atmosphere live
The World Food Programme launched a video competition a few months ago to raise awareness about hunger, and a jury has selected five out of the 70 submissions received. Now it's your turn to weigh in and help declare a winner for the first HungerBytes contest.
|My new Lithuanian friends.|
|The Water Cube (or the National Aquatic Center) is where swimming and diving events are held.|
|I am up in the nosebleed section with the other Beijing locals.|
On the eve of the Olympics, there is a collective holding of breath amongst Beijing office colleagues. Will everything go smoothly? Will it rain tomorrow? Who will light the flame? How will the flame be lit (will the phoenix come home to roost in the bird’s nest or will the sleeping dragon finally awake)?
China’s growth has held up well so far in 2008 (take a look at the Bank's Quarterly Update for more details). Growth rate for the first half was slightly over 10%. Recently there has been concern about the slowdown in the growth of exports: from 28% year-on-year increase in May to 18% in June. But monthly figures are erratic, and I am more impressed that the growth of exports