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boom bubbles

Asia Pacific | The Greater China Area

Good Morning Asia,

This short essay was written at one of these long and rainy days in South East Asia (Pacific). And unfortunately that rain involves quite often bigger problems such as shortage of drink water or crashes in the local energy management.

Yesterday three times the energy supply chain taught its users, using no fresh loaded battery in the computer, a really good lesson: a hard and sudden Knock out. K.O.

Therefore the wise thoughts of an unknown factory manager who decided to increase the space of its company to get the allowance to work on Sundays is quite wise, although the list of companies renting the locations of that holding become shorter due to the ongoing crises talks throughout the world.

As a result, the positive mouth to mouth propaganda worked well. The announced shortage of rooms, due to the fact of the migration of workers in metropoles like Shanghai (+10 million people in a decade) helped a lot.

Why it still works well.

Missing smart information systems make the gaps appear even bigger although the need for space might already be also in a recession trend. And therefore the room scouts are getting more than ever before nervous. And the consequence of their busy actions is that people have to move out of their apartments and seek desperately for a new one parallely.

A young couple reported that they had to flee into debts and buy their own apartment based on a long-term loan from their bank. The pressure for higher income, in order to pay back the credits, provides a higher fluctuation rate.

Tired entrepreneurs…

The next in the chain are the entrepreneurs. Looking for skilled workers, whose education might close their gap of multilingual talent in smarter business entities as years before, creates a never seen before rise on job markets.

Reports about companies, trying to poach away employees from its suppliers, are daily seen unhappy facts.

With the time, the tourism industry became also a booming megatrend. However, the bottleneck are offices handling the visa of potential consumers in overseas countries.

No wonder, when for example the restrictions in those institutions are expressively created by their own people. These employees, who were given the chance to travel and collect international experiences in earlier years overseas – sabbaticals on elite universities inclusive – might be eventually scared of getting competition in the own country.

And the hope in Africa, America, Australia, Europe or Oceania that more tourists will arrive is not realistic. Visiting several times the procedures, I can say now that the rumours seem to be true. However, the visa business is a real good one, not working well for the highly motivated people in Asia Pacific, looking for a hype through language crash courses in other countries worldwide. What a waste of energy in these very interesting Asian cultures .