Comments on: Beijing http://forge.ironrealms.com/2006/10/26/beijing/ A blog on virtual worlds, games, and digital content, from Matt Mihaly Thu, 20 Nov 2008 23:30:36 +0000 http://wordpress.org/?v=2.0.3 by: Neil http://forge.ironrealms.com/2006/10/26/beijing/#comment-2316 Fri, 27 Oct 2006 18:36:20 +0000 http://forge.ironrealms.com/2006/10/26/beijing/#comment-2316 Yes indeed, Beijing and China are the hottest economic places in the world right now! Not only is China inviting game and animation talent into the country, but China's laws are set to change in 2007 to allow international banks to operate in China. Chinese people are eagerly anticipating this fundamental change in their society. They will gladly move their money to international banks who will help them invest, which Chinese banks do not do. Other laws are also changing right now. Communist country? I guess it is, but its borders are being flung open to the world, whether Mao likes it or not. Can you hear the whoosh of money and power being sucked into China? Whoosh! Yes indeed, Beijing and China are the hottest economic places in the world right now! Not only is China inviting game and animation talent into the country, but China’s laws are set to change in 2007 to allow international banks to operate in China. Chinese people are eagerly anticipating this fundamental change in their society. They will gladly move their money to international banks who will help them invest, which Chinese banks do not do. Other laws are also changing right now.

Communist country? I guess it is, but its borders are being flung open to the world, whether Mao likes it or not. Can you hear the whoosh of money and power being sucked into China? Whoosh!

]]> by: Boon http://forge.ironrealms.com/2006/10/26/beijing/#comment-2311 Fri, 27 Oct 2006 12:00:21 +0000 http://forge.ironrealms.com/2006/10/26/beijing/#comment-2311 This is something I feel the United States needs to be doing more of. Seems we are becoming content on a society that would rather import products, cheap labor, than build and work the stuff ourselves. I know that North Carolina was giving tax incentives for video game companies to setup shop in their state. Just hope this will extend to EPIC Entertainment since they were already there. While not a video game company, Oregon had to give Intel over $5 million tax break to keep them from pack up shop and moving to China. Oregon pretty much gives technology companies a highly reduced tax break for the first 10 years that they are in the State and if they employ so many employees. China is quite the boom country at this time, they have the fastest growing economy and it is growing in the double digits, where others are growing more normally. Even though they are communist, I do wish them the best of wishes in catching up to become a global force on the economic side of things. While I am not one who hates to make money, I do not feel the capitalist society can really last forever. The poor are not getting any closer to becoming middleclass and the middleclass are not gaining any ground on the rich of the country. Now that the world is moving in to a global economy, a country like the United States I can see getting in trouble very easy, as jobs go overseas to maximize profits with lower wages. If it a data industry, the internet doesn’t charge tariffs on imports or exports. This is something I feel the United States needs to be doing more of. Seems we are becoming content on a society that would rather import products, cheap labor, than build and work the stuff ourselves. I know that North Carolina was giving tax incentives for video game companies to setup shop in their state. Just hope this will extend to EPIC Entertainment since they were already there. While not a video game company, Oregon had to give Intel over $5 million tax break to keep them from pack up shop and moving to China. Oregon pretty much gives technology companies a highly reduced tax break for the first 10 years that they are in the State and if they employ so many employees.

China is quite the boom country at this time, they have the fastest growing economy and it is growing in the double digits, where others are growing more normally. Even though they are communist, I do wish them the best of wishes in catching up to become a global force on the economic side of things. While I am not one who hates to make money, I do not feel the capitalist society can really last forever. The poor are not getting any closer to becoming middleclass and the middleclass are not gaining any ground on the rich of the country. Now that the world is moving in to a global economy, a country like the United States I can see getting in trouble very easy, as jobs go overseas to maximize profits with lower wages. If it a data industry, the internet doesn’t charge tariffs on imports or exports.

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