What do we know....

For starter, RMB outside of China is totally useless. Once you get it outside, you need to switch them to some other currencies. But this "switching" has restriction too. You are only allow to switch out RMB$20,000 daily at a bank. And withdrawal is restricted too. This explains why China is still a cash society. Once you have cash in hand, you can do whatever you want; if you have it in banks and want to withdraw or do things, you are sh*t out of luck. I am sure the bank dings you a service fee every time you withdraw.

Then, Trademark setup in China. It takes about 3 years to get it approved; but after you apply you are "protected". The cost of doing all this is about US$1,200.00 per class. Meaning, when you apply for a trademark you apply for a "category of use" for this trademark. class 41 is "training". Class 25 is "clothing" and Class 9 is "DVD". If one were to think of selling DVDs or any publication in China, one will need to have two National gov't departments to approve.

Two weeks ago set the tone for a potential real estate market slump in Shanghai. In the two most popular districts (one being the one I am in - Jing'An), the new apartment transaction count is "zero". Zero is unheard of. There are some new projects out there now are partnering up with Real Estate Agent companies to sell. Normally, these projects has their own offices on the development sites. Buyers just go in and do the business. The zero transaction could be just a blip though with the Olympics running and the stock market in the tank in Shanghai, slumped over 50% so far this year.

Speaking of stock market slump, the collective Chinese mutual funds lost over RMB 1 Trillion dollars! But never stop the management fees being collected. As a matter fact, the management fees collected doubled comparing to last year. Well.... That just shows you.

Mark it down... From Sep 15 to Oct 2, yours truly will be in Regina. Golf, golf, golf. Meat, meat, steak, steak, meat.... Yummmm Peppercorn burgers. Haha.....