Shaaz Nasir

Archive for the ‘Beijing’ Category

Mind the Economy: “Currency War” made simple

In Advice, Beijing, Blog, Business, Canada, China, Economics, Global Vision, Globalization, Guangzhou, Hong Kong, India, Kuala Lampur, Life, Lunch, Malaysia, Ottawa, Packing, Shenzhen, SME, Song, Success, Technology, Television, Traveling, Uncategorized, University of Ottawa, World on October 17, 2010 at 12:36 pm

How do Currencies and Interest rates play off each other?

More recently, many developing countries have had to contend with their own currencies rising and undermining their competitiveness.

The problem is that those low interest rates in the developed world have led investors to seek higher returns elsewhere, in emerging markets.

To invest in those markets, they need to buy the currency and that pushes its value up. That in turn makes those countries’ goods more expensive for foreign buyers and the overseas investment money creates a danger of unsustainable bubbles in their property and financial markets.

China has stopped its currency rising much by buying foreign currency. If it were to refrain from that and allow the yuan to rise, it would probably help other developing countries that compete with China, as well as the US which is protesting the most.

But there is another force behind the rising developing world currencies. Their economies are growing robustly, while the rich countries are not.

The tension over between the US and China over currency policy surfaced once again at the International Monetary Fund Talks

USA renewed the pressure on China to allow its currency to rise. The US has a long-standing grievance over China’s currency policy, which limits the movement of the yuan against the dollar. The American complaint is that it gives Chinese exporters an unfair competitive advantage.

There was a vigorous response from Zhou Xiaochuan, governor of China’s central bank (The People’s Bank of China), who blamed the rich countries for problems in the currency markets. Mr Zhou said extremely low interest rates in rich countries had created “stark challenges for emerging market countries”.

My Thoughts on the Gap.

Tensions are rising among the developing world and developed as priorities on currency (non)manipulation begin to clash. However, should a country stop manipulating its currency in the name of “fairness”?

Destabilizing the economy in the short run, running the risk of damaging the private sector as businesses go bankrupt; jeopardizing an economy’s growth and ability to reduce poverty  does not sound “fair”. The notion of “fair” implies morals which begs the question: who is making these moral rules?

WTO….IMF….WB……USA…..CHINA…..WALDO?????

International Economics is a game where rules are subjective but actual substantive growth is tangibly objective. I am not for currency manipulation but neither am I for irrational and sudden policies  that would jeopardize  an entire economy….especially not the economy that’s the driving force of world growth in terms of consumer consumption ….

-Articles combined from BBC & CBC

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Video of Shaaz in Beijing Hotel!

In Beijing, China, Global Vision, Greeting, Hotel, World on August 3, 2010 at 8:00 am

Swissôtel Beijing is a five star luxury hotel located at the intersection of the Central Business District, Diplomatic District, Lufthansa Commercial District and Wangfujing Shopping District.

With easy access from the Capital Airport Highway, the hotel entrance is just a few steps from the subway station, making Tian’an men Square, downtown Beijing, the China International Exhibition Centre or the Railway Station accessible within 15 minutes and the Olympic Park and the Capital International Airport accessible within 20 minutes.

At Swissôtel Beijing you will find a combination of quality, efficiency and reliability which is synonymous with Swiss hospitality. Whether travelling for work or leisure, we make it our business to anticipate your needs. We also provide a customised multilingual service.

The Embassy of Canada in Beijing welcomes Shaaz!

In Beijing, Business, China, Economics, Hong Kong, Suit on August 2, 2010 at 4:35 pm

Welcome to the Embassy of Canada in Beijing!

The JTC crew will be welcomed by The Embassy of Canada in BEIJING !!!

They have gathered a select group of Embassy staff and local business people to welcome us and share some of their experience, wisdom and enthusiasm for China. This is going to be a great opportunity to understand different viewpoints from various sides of China!!

I will keep everyone posted !


Beijing in 7 days !

In Beijing, Business, Canada, China, Economics, Experience, Global Vision, Technology, Traveling, University of Ottawa, World on July 25, 2010 at 6:54 pm

Beijing is recognized as the political, educational, and cultural center of the People’s Republic of China. Its art treasures and universities have long made the city a centre of culture and art in China. The city is amongst the most developed in China with tertiary industry accounting for 73.2% of its GDP; it was the first postindustrial city in mainland China.

Finance is one of the most important industries of Beijing. There are 751 financial organizations in Beijing that generated 11.6% of the total financial industry revenue of the entire country. It is also accounts for 13.8% of Beijing’s GDP, the highest percentage of that of all Chinese cities.

Beijing is home to 26 Fortune Global 500 companies, the third most in the world behind Tokyo and Paris.Beijing is increasingly becoming known for its innovative entrepreneurs and high-growth start-ups. The culture is backed by a large community of both Chinese and foreign venture capital firms.

Sing The Night Away

In Beijing, Canada, China, Experience, Friends, Global Vision, Guitar, Life, Meeting, Music, Ottawa, Singing, World on July 25, 2010 at 10:04 am

Last Friday, the preparation for China/Malaysia mission was finally taking its toll on me. The constant GO GO GO GO mindset needed a time off.

So I was glad to have a relaxing lunch with some old friends at a french pub in downtown Ottawa. Will, Sal, Benazir, and I reflected on the “olds times”, it’s always nice to revisit the past. From there I took my Sal on a journey of self discovery, lets tone down the seriousness. We went window shopping as I recommended some styles to him. Eventually Eryou and I crashed Brown and Ana’s house, again I apologize to them as I thought Eryou asked before we came barging in.

That’s when Eryou sang us a song. (He’s a great writer and a good singer).

After a few good laughs, Eryou and I met up with Glendon and Lopez to have dinner at the classic mexican place in d-town. We decided to chill on Lopez’s epic balcony. They sang the classics as Lopez had the ability to play every song known to man kind on his guitar….

The honourable Natalie Melanson jumped into the signing party and we sang the night away….

in short,

Sal+ Benazir+Will + Eric Eryou + Ana + Eric Brown + Nat + Glendon + Lopez = epic times.

Now I am fully charged to carry on.

P.S. this video is for Glendon!

Chinese Robin Hood!

In Beijing, Canada, China, Economics, Experience, Global Vision, Globalization, Greeting, Guangzhou, Hong Kong, Kuala Lampur, Malaysia, Meeting, Packing, Shenzhen, Suit, University of Ottawa, Work, World on July 24, 2010 at 8:43 pm

Annie Wu established the first joint-venture company in mainland China.  In 1979, after Deng Xiaoping introduced his policy of reform and opening to the world, Annie Wu was the first entrepreneur through the open door. She beat the competition for the now-legendary No. 001 Joint Venture business license. Her company provides on-flight catering for Air China.

The Hong Kong businesswoman is the proud owner of business license 001, for Beijing Air Catering Company. Wu is chairperson of the World Trade Centers Association of Hong Kong, and her devotion to public service has been recognized through a string of awards.

Her upbringing had a big impact on her life. “My family was very progressive. People were always coming to the house to meet my father, and so I got to meet a wide range of people. We were not an average Chinese family. It was an innovative and encouraging environment,” Wu said. From her father, Wu learned “the business world is a world for men.” That, however, didn’t deter her.
Wu had a head start in life: She attended Sacred Heart Canossian College in Hong Kong, and St Godric’s College, a finishing school in Hampstead Heath in London.

How does she do it? “Anything is possible if you have good staff around you. I believe you can groom yourself into the style of life you want,” she says. “I wanted to be Robin Hood. He’s a hero of robbing the rich to help the poor.” It could be said that Wu has achieved her dream; while her business ventures have always stayed above board, she has focused her time and attention on convincing Hong Kong’s wealthy to donate money to the most needy in society.

She’s a modern-day Chinese Robin Hood.
 She has focused much of her charity efforts on children. Her work at the Chinese History and Culture Educational Foundation for Youth is aimed at educating Hong Kong’s young people about their cultural identity. “Hong Kong has no national identity. We want young Chinese to have a Chinese identity. Not only be patriotic, but to have a link with the mainland,” says Wu.

The organization arranges five-day visits to Beijing for Hong Kong children who would not normally have such an opportunity. “They get to know Chinese history and culture instantly.” What is her advice to children who dream of success? “Be assertive, flexible and congenial. Don’t sit around waiting to be served. Have ambition and develop your own goals.”

There are lots of people all over China who depend on Wu. The Chinese Government launched its Western Development Strategy in 1999, and Wu rose to the challenge.

Her footsteps are all over Yunnan Province and the Tibet and Ningxia Hui autonomous regions. With The United Nations Children’s Fund—UNICEF (China), she lobbied for funding from the Ministry of Health for a national hepatitis B vaccination program for children. Ningxia became the testing site for the project. Wu is a council member of UNICEF Hong Kong who has donated more than US $17.5 million to UNICEF (China). “This was not from corporate donors, but from people on the street. We organized pop concerts, video appeals and street stands,” she said.
 Wu has many roles: Successful entrepreneur, China’s Robin Hood, and fairy godmother to the children around her. So, when does she make time for herself? She doesn’t. Says Wu, “If you look at what you can do for yourself, you’ll become very small minded.”

for the full article

http://www.womenofchina.cn/Profiles/Businesswomen/15568.jsp

The infamous grey suit..WHERE ARE YOU!!!

In Beijing, Canada, Experience, Fashion, Global Vision, Guangzhou, Hong Kong, Kuala Lampur, Malaysia, Meeting, Ottawa, Shenzhen, Suits, University of Ottawa on July 21, 2010 at 11:12 pm

I have searched far and wide, to the depths of hell and have returned empty handed. I can not find the infamous grey suit, at least in Ottawa. Too big, too short, size 42 means 38 or 48. Or I find a nice one but it’s over half a grand, I am not going to get suits that cost that much until I am worth it. It’s like a 14 year old owning a blackberry bold, NO. I must have been in about 50 stores so far, I am going for one last wild goose chase at Bayshore, no not dark grey, blue grey, green grey, just light grey.

Banana Republic, Mexx, Bay, Sears, La Chateau, Tip Top, even Moores, man I checked everywhere, Hugo Boss, Harry Rosen some random ones in the by-ward, St. Laurent mall, nothing at all… not what I need.

No there is not a deep message in this post, I just want a light grey suit for China.

Anyone help is needed!

Have a Reason

In Advice, Beijing, Business, Canada, China, Economics, Global Vision, Globalization, Ottawa, Success, Traveling, World on July 20, 2010 at 11:42 pm

Time to Mind the Gap,

A while back I was lucky enough to attend the Canada China Business Council meeting in Ottawa.  As a private, not-for-profit business association, the CCBC is dedicated to building its members’ business success in China and Canada by offering unmatched business service and support to corporations based in both countries. Its members range from the largest and best-known Canadian and Chinese firms to leading innovators and SME entrepreneurs in both countries.  Members are competing in a diversity of sectors including financial services, legal services, information and communications technology, education, manufacturing, construction, transportation, mining and energy.

I met this very successful man (international consultant, mid 30’s) during the networking event (looked like Matt Damon; no jokes, but taller) as we were talking about my adventure and what I want to do in life. He cuts me off, “Shaaz, you have the tools in place; I don’t know if you will be successful but ya got the tools. Make sure you got a reason, you got to have some type of purpose in what you want to do.” His cell rings; he checks his cell and grumbles to himself: “Well I guess I am off to Beijing  in a few hours”. He exhales heavily, I cut him off, “Sir, let me tell you, you have an amazing life. How did it…” The man cuts me off, he raises his raspy voice and says as he leans into me:  “Listen, yeah it’s fantastic, but if you don’t have a reason…” He looks off into the distance, almost in regret or with some type of mysterious gaze. He continues: “If you don’t have a reason, you get tired Shaaz, you get tired.” He looks at me right in the eye: “Shaaz, I am tired”.

He wished me luck on my journey and we parted ways.

I learned a lot that day, but that conversation put things into perspective for me. Never chase the money, the cars, the women (well some times it’s… no… never mind… no), that whole glamourous  brouhaha people run after, no do not chase that.

Focus on your strengths and weaknesses; find a reason to do great things for yourself and others, and the success will chase you.

That is what I mean by Minding the Gap, not just between people but the gap within us. We got to self analyze what we want in life and above all why, find that reason or I guess we will be tired or just not happy despite all that glamourous brouhaha ( I had to use that word twice in my blog)

Pack it all up

In Advice, Beijing, China, Packing, Suit, Traveling on July 19, 2010 at 7:15 pm

With only 13 days left until we leave for Beijing things are getting crazy….

I have my visa, shots, passport renewed and health insurance, and now I have to squeeze 20 days of cloths into one suitcase!

Only the basics will survive my ruthless selection processes, so obviously black, grey, and navy blue suits. A ton of white dress shirts to coincide with an equal amount ties; dress shoes are also a must. It’s time to restructure my “ruthless selection process”…

Please lend a helping hand and leave some advice in the comments section!

China, Malaysia and Beyond!

In Beijing, Canada, China, Global Vision, Guangzhou, Hong Kong, Kuala Lampur, Malaysia, Shenzhen, Traveling on July 19, 2010 at 5:09 pm

Now that you know what Global Vision is about, it’s time to tell you a bit more about myself. After a long process, I was ranked in the top 45 youth in Canada by Global Vision. As a Junior Team Canada Ambassador, I will be representing my country, community and businesses in China and Malaysia!

Here is a break down of the delegation:

August 3rd -7tth : Beijing

August 7th – 14th : Hong Kong, Shenzhen, Guangzhou

August 14th -19th : Kuala Lumpur, Malaysia

Going to be a blast!!!!