Ima finish my internship, get a job proper, build me a shiny new computer with the vast stores of knowledge regarding computer parts I've wasted way too much time developing, and hopefully move. Also enter into 2009 debt free.
1) Complete the clusterfuck that is getting a visa to work in China.
2) Develop a decent savings account in time to begin paying off student loans.
3) After completion of #2, blow it all on an awesome HDTV.
1) Complete the clusterfuck that is getting a visa to work in China.
2) Develop a decent savings account in time to begin paying off student loans.
3) After completion of #2, blow it all on an awesome HDTV.
How come you want to go work in China, if I may ask?
How come you want to go work in China, if I may ask?
John's not entirely off. While it's not the main reason for me going away, it's an added bonus. Their economy is really, really strong, but all that strength is being held back artificially by the government. The exchange rate continues to strengthen, but it's still 7.27 yuan to the dollar as of this post. As it continues to get stronger, and as the dollar gets weaker, my student loans become easier to pay, since my salary is in Chinese yuan. I have everything to gain from the US economy deteriorating.
The International Monetary Fund believes that the exchange rate, through purchasing power parity (goods should cost the same price in any country), should be about 2.1 yuan to the dollar.
Right now the government allows the exchange rate to partially float, meaning that it is allowed to fluctuate based on a basket of currencies including the dollar, Japanese yen, South Korean won, and the Euro, within a set percentage per day. (For years the government had a fixed exchange rate, meaning it was never influenced by other currencies). Over the next few years, if the government decides that the gradual change is not too much for the banks and economy to handle, they may let it continue to float until it reaches a natural exchange rate, close to what the IMF predicts. Or, it might choose to halt the exchange rate, or change it, or whatever. They're communist, they'll do whatever they want.
If you are an economic enthusiast like myself, that will be really fucking fun to see happen while in the country. If not, then, there are other things to enjoy in China.
And, proficiency in Chinese is probably a good skill to have too.
The International Monetary Fund believes that the exchange rate, through purchasing power parity (goods should cost the same price in any country), should be about 2.1 yuan to the dollar.
Can you find me a source on that? Please? In my current job I have to deal a lot with China and how stuff works there, so it should be very interesting. Also, are you going to the Olympics?
This is a nifty part of the IMF web page called the World Economic Outlook Database. It'll prepare data on any country with any relation to national accounts, inflation, population, or balance of payments. I did the grunt work for you and sourced that here:
Technically it was estimated to be about 2.095 to the dollar for 2007, I rounded up.
I'm still learning about China, but if you have more questions, feel free to PM me here, or you can find me on AIM (Serephel).
I'm not sure if I'm going to the Olympics or not. See, I have to use all my vacation days because some jackass here on the forums is getting married in August, and I have to come back to the US for that. But maybe my company will be nice and let me anyway.
Comments
2) Develop a decent savings account in time to begin paying off student loans.
3) After completion of #2, blow it all on an awesome HDTV.
How come you want to go work in China, if I may ask?
Damn nillers.
John's not entirely off. While it's not the main reason for me going away, it's an added bonus. Their economy is really, really strong, but all that strength is being held back artificially by the government. The exchange rate continues to strengthen, but it's still 7.27 yuan to the dollar as of this post. As it continues to get stronger, and as the dollar gets weaker, my student loans become easier to pay, since my salary is in Chinese yuan. I have everything to gain from the US economy deteriorating.
The International Monetary Fund believes that the exchange rate, through purchasing power parity (goods should cost the same price in any country), should be about 2.1 yuan to the dollar.
Right now the government allows the exchange rate to partially float, meaning that it is allowed to fluctuate based on a basket of currencies including the dollar, Japanese yen, South Korean won, and the Euro, within a set percentage per day. (For years the government had a fixed exchange rate, meaning it was never influenced by other currencies). Over the next few years, if the government decides that the gradual change is not too much for the banks and economy to handle, they may let it continue to float until it reaches a natural exchange rate, close to what the IMF predicts. Or, it might choose to halt the exchange rate, or change it, or whatever. They're communist, they'll do whatever they want.
If you are an economic enthusiast like myself, that will be really fucking fun to see happen while in the country. If not, then, there are other things to enjoy in China.
And, proficiency in Chinese is probably a good skill to have too.
That's why you are going this summer, am I right?
Can you find me a source on that? Please? In my current job I have to deal a lot with China and how stuff works there, so it should be very interesting. Also, are you going to the Olympics?
http://www.imf.org/external/pubs/ft/weo/2007/01/data/index.aspx
This is a nifty part of the IMF web page called the World Economic Outlook Database. It'll prepare data on any country with any relation to national accounts, inflation, population, or balance of payments. I did the grunt work for you and sourced that here:
http://www.imf.org/external/pubs/ft/weo/2007/01/data/weorept.aspx?sy=2004&ey=2008&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=61&pr1.y=20&c=924&s=PPPEX&grp=0&a=http://www.imf.org/external/pubs/ft/weo/2007/01/data/weorept.aspx?sy=2004&ey=2008&scsm=1&ssd=1&sort=country&ds=.&br=1&pr1.x=61&pr1.y=20&c=924&s=PPPEX&grp=0&a=
Technically it was estimated to be about 2.095 to the dollar for 2007, I rounded up.
I'm still learning about China, but if you have more questions, feel free to PM me here, or you can find me on AIM (Serephel).
I'm not sure if I'm going to the Olympics or not. See, I have to use all my vacation days because some jackass here on the forums is getting married in August, and I have to come back to the US for that. But maybe my company will be nice and let me anyway.
By the way, what is your job?