East meets West.

China's overheating economy since last summer has now being contained. The government has adopted a lot of fiscal, monetary and administrative measures to rein in investment growth.A sharp increase in domestic enterprises' profits used to be hailed as evidence of China's improved economic efficiency. However, as the country presses ahead to prevent overheating, a reduction in profitability should be accepted as the necessary price of cooling investment growth, but not necessarily a justification for lower efficiency.
China's major industries saw their profits increase 16.5 percent from a year earlier, during the first two months of this year. The figure marks a considerable deceleration from the 36.7 percent growth in profits in the first 11 months of last year.
Such a slowdown in profit growth is due to the impact of weakening external demand and the effects of the severe winter weather on enterprises. On one hand, the ongoing recession in the United States has reduced demand for Chinese exports, which are more expensive because of the appreciating Chinese currency.
As a result, China's net exports plunged from $19.5 billion in January to just $8.6 billion in February. The initial figure was the first monthly trade surplus under $20 billion since last May.
Rising domestic prices are also biting deep into enterprises' profits. Some industrial sectors with thin profit margins will be hit harder than others and are appealing to policymakers for help.
A narrowing profit margin can work as a natural check on excessive investment.

China's olympians are gearing up for the world's event and so is the stock market.Friday's trading day has seen the bulls coming back for the marathon race.The stock-market has finally found its bottom and the harsh winter ever experienced is about to thaw.It's going to be brighter days ahead and a beautiful summer in Shanghai Beach (The Bund)



The Shanghai Stock Exchange Composite has fallen to the level at par to its American counterparts Dow Jones Industrial .It's the East Meets West.It'll be hip-hopping within the bear county in the medium term before the final push begins.Meantime have a look at Chinese Girl with a very good voice and Don't Cry For Me, Argentina - Jane Zhang (Zhang LiangYing)
My favourite idol:-The Moon Represents My Heart - Teresa Teng