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There’s little doubt in the minds of experts that China is well on its way to becoming a formidable world power. Since they launched basic market reforms in the late 1970s, their economy has quadrupled in size. They have quickly become a major center for manufacturing, industry and technology.

Few can argue that anything the Chinese put their minds to can be accomplished in very little time. One only has to look at the meteoric rise of their space program and ambitious goals to land a man on the moon to see that they are ready to become a modern world power, not only economically, but technologically as well.

This shouldn’t be too surprising, given the fact that China has always been an innovative, forward-thinking country. While the specter of Communism in modern China still sways our opinions, China has given us thousands of years of innovation, invention and progress, from printing and gunpowder to rocketry and paper.

In the late 70s, even the basic philosophies of Communism were reinvented by Chinese leaders who began focusing on growing a market-driven economy to compete with other world economic powers.

Today, China’s population of educated consumers is a veritable bonanza for smart business people in the West who want to expand their market share and tap new streams of customers. In fact, China’s population of 400 million people aged 20 to 39 dwarfs the same demographic in all of Western Europe (110 million). This segment of the population thrives on business entrepreneurship and is eager to work hard. They are, perhaps, China’s greatest asset and your greatest opportunity.

While many Chinese do speak English, or at least some English, it is not only polite, but also proper, to be able to speak Chinese when dealing with residents of China. This demonstrates respect for their culture and customs, which is very important to the Chinese people.

Thankfully, it’s relatively easy these days to learn Chinese online. Thanks to the development of Simplified Chinese, a businessperson only needs to learn between 3,000 and 4,000 characters to have a fairly good command of the language. For those people willing to tackle even more of the language, a well-educated Chinese person typically has 6,000 to 7,000 characters in their vocabulary.

If you want to learn Chinese online, you’ll find plenty of resources. One of the best ways, however, to learn Chinese online, is from a native speaker. They can help you with the pronunciation so that your Chinese is not only fluent, but also perfect.

One site offering native speakers is Mando Mandarin (http://www.mandomandarin.com). Their instructors are all Chinese. When you learn Chinese online from Mando Mandarin, you can rest assured that your vocabulary, pronunciations and word usage are spot-on. Nothing’s worse than trying to demonstrate your command of a foreign language, only to find out that your word selection was incorrect. In many cases, it can be downright embarrassing to both you and the person you are trying to do business with.

If you are planning to tap into the China market - particularly the younger entrepreneurs who are looking for opportunities with Western partners - you’ll want to be sure that you learn Chinese online with a reputable company. After all, there’s no reason to let language be a barrier to opportunity in a global economy.

How this stack of money is invested has big implications for the world economy, not just for China. But no place is more dependent on the decisions that the Central bank will make in the Year Of The Pig than North America. This is so because approximately seventy percent of the country’s foreign reserves are invested in American Dollars, mainly in US Treasury securities. This has propped up the Dollar and reduced American bond yields by as much as 1.5 percent.

Real Estate And The Year Of The Pig

China’s foreign exchange reserves are at twice their level of two years ago and amount to more than one-fifth of all global foreign exchange reserves in American Dollars. To put things into perspective, this humungous amount would be enough to buy all the gold sitting in the vaults of all central banks or, put differently, it would be almost enough to buy all residential property in the London Metropolitan Area. This massive hoard of foreign cash reserves is growing exponentially to the tune of some USD 20 billion per month.

Because of cyclical lunar dating, the first day of the year can fall anywhere between late January and the middle of February. On the Chinese calendar, 2007 is Lunar Year 4704-4705. On the Western calendar, the start of the New Year falls on February 18, 2007 - The Year of the Pig.

China’s central bank, however, has now signalled its intention to switch from Treasury bonds to American mortgage-backed securities and corporate bonds in an attempt to earn higher yields. What’s even more important, Chinese officials are also debating the need to diversify reserves out of American Dollars in order to reduce the exposure of a big drop in the value of the Greenback, and to invest a larger slice into Euros and the emerging Asian currencies.

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China’s foreign exchange reserves already far exceed the minimum level required to ensure financial stability. As a rule of thumb, a country needs enough foreign exchange to cover three months of imports. The reserves of the People’s Republic are already enough to cover five times as much - 15 months worth of imports. This is the direct and proximate result of the country’s large current account surplus, significant foreign investments and big inflows of speculative capital, especially over the past couple of years. In theory, strong flows of foreign capital into China should have pushed up the Yuan to astronomical levels, but Beijing has resisted this by refusing to allow its currency to float freely, thus forcing the central bank to buy up the surplus foreign currency.

The Year Of The Pig is of particular importance for North American real estate markets, since the level of interest rates is in direct function of how China’s Central Bank will direct the investment of its USD 1 trillion in foreign exchange reserves.

The Lunar New Year dates from 2600 BC, when Emperor Huang Ti introduced the first cycle of the Chinese zodiac.

There are a lot of other examples of champagne cocktails. Instructions on how to prepare them can be found in the Internet or any wine books. People are, of course, still left with the freedom to come up with their own mixtures of champagne cocktails.

Champagnes are sparkling wines produced by a certain method. They come from the province of Champagne in France. While champagne can already be consumed by itself, others also mix it with choice ingredients for a more bubbly and inviting taste. When mixed with other ingredients, they are called champagne cocktails.

An example of champagne cocktail is champagne cobbler. The drink is prepared by filling a large goblet with cracked ice. Afterwards, certain amounts of lemon juice, Curacao and orange slices are mixed together with champagne.

Some champagne cocktails also involve large amounts of wines. An example is regent’s punch. Three bottles of champagne, two bottles of Madeira and one bottle of German white wine are combined together with other ingredients such as brandy and rum.

Champagne Cocktails

Another famous champagne cocktail is Magna Carta. The rim of a chilled wine glass is dipped into limejuice and salt. Afterwards, tequila and triple sec are poured in together with champagne.

To come up with the best champagne cocktails, some bartending skills may also be necessary. Examples of these are building, shaking and muddling. Building refers to the process of filling the glass with ice and pouring in the ingredients. A quick stir is done afterwards. Shaking, on the other hand, refers to the process of putting in the ingredients and the ice in a shaker. Shaking does not connote a simple rattle but a powerful and rapid movement of the shaker. Some drinks require the ice to be served with the final drink while others may require filtering out the ice after the shaking process. Lastly, muddling is the process of crushing ingredients such as fruits with the back end of the spoon. Through proper muddling, the juices of the ingredients can be fully extracted.

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