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Reflections on domestic demand in the financial crisis: India's Revelation

Man / Little Xie Chen Hao

Financial crisis, India's why an exception?

By the U.S. subprime mortgage crisis triggered by the financial crisis has spread to countries around the world. The crisis not only for the United States, Japan, Europe and other developed countries caused by a heavy blow to China, India and other developing countries also led to different extents. The depth of the global financial crisis, scope, actually, "once in a century." India as an emerging market economy in this crisis have not been spared. Over the past three years, India's economic growth is continuous over 9%. However, in the context of the global economic slowdown, India's central bank - Reserve Bank of India (RBI) will also be expected in 2008-2009 reduced economic growth to 7%.

But compared with other countries, the impact of financial crisis on India is limited. United Nations Asia-Pacific Economic and Social Council (UNESCAP) 2008 annual report shows that in Asian emerging economies, India suffered the financial crisis will be minimal. "Because fast-growing economies in East Asia, India's growth is largely by strong domestic demand driven rather than overseas markets. So the U.S. recession is unlikely to drag on India's rapid growth." Medium term, the country GDP growth at 8.5%
To 9.5%, respectively. Moreover, by improving the business environment, development hardware infrastructure and human capital, India is expected to obtain and maintain the 10% rate of growth.

November 16, 2008, Indian Prime Minister Manmohan Singh said that the current international financial crisis on India's influence is limited, India's economic development and social stability will not be a threat, India's economic fundamentals are good, the banking system is healthy economic development in India in 2008 will continue to maintain a better level of 7.5%. January 2009, the Indian trade minister Camol
Nath attended the Davos World Economic Forum, also said the global financial crisis had little effect on India. He said that although the world suffered a widespread recession, India's domestic demand will help sustain economic growth, which makes the impact of the global crisis on India will not be as serious as in other countries. "India's growth is based on domestic development. It is not all ... ... based on the export market, we can maintain our domestic demand driven growth."
At present, the Reserve Bank of India said the country's economy had "bottomed out" and started to grow again.

The reason is limited by the financial crisis, largely because the Indian government strictly controlled the financial sector, foreign exchange and foreign investment adopt strict controls. However, these statements in front of view, India had in the excellent performance of the global financial crisis, it is important because India is a domestic demand-driven economy, less dependent on external markets. So why the formation of India's economic development model of this? India is how to fully tap the domestic demand in the crisis it? Domestic demand in India play in future economic development? We try to discuss these issues.
India's development model: domestic demand-oriented

India's domestic demand-oriented model of development in Asia and the world are very prominent. Over the years, India has been dependent on domestic demand rather than rely on exports, growth is mainly dependent on domestic consumers. This and other Asian neighbors in sharp contrast. Most developing countries in Asia selected export-oriented development model depends on the export of cheap labor-intensive manufactured products, creating the so-called "East Asian miracle." In the nineties, after the financial crisis, Thailand, Malaysia and South Korea and many Asian countries are beginning to realize that export-oriented economies, vulnerability, instead actively to domestic demand-driven economic development. Asian Development Bank in 2005, "Asian Development Outlook" report, the analysis of export-oriented Asian countries and domestic demand-driven models of development differences and transition efforts.

Greater reliance on domestic demand in India to a large extent has been taken in its "import substitution" of the foreign trade policy. For political independence and economic independence considerations, from the Nehru era, India has been working to build a complete industrial system independent. This policy in the 20th century did not change 80 years from 1979, India's imports of non-oil commodity is always greater than the export, import and export of India has been in a deficit state. The decade after 1993, India began opening up to international markets, the trade deficit has begun to improve, the growth rate of both imports and exports doubled, and the import growth exceeded export growth. As can be seen from Table 1, in 1973 to 1993 of the first two decades, India's domestic demand is growing, in particular the part of private consumption has been highest in more than 60% of GDP, the proportion of exports has been lower part . Even in 2002, exports accounted for the proportion of GDP is still only 16.7%. In 2008, India's exports of about 200 billion U.S. dollars, the contribution to the GDP is about 20%.
Table 1
India accounts for the expenditure items of the ratio of real GDP in 1990 prices,%.

Year

Domestic demand
(1) =
(2) + (3) + (4)

Private consumption (2)

Government consumption (3)

Domestic fixed capital formation
(4)

Net exports
(5) =
(6) - (7)

Export
(6)

Import
(7)

1973

101.6

70.8

9.1

21.7

-1.6

6.7

8.4

1983

103.1

71.8

10.3

21.0

-3.1

6.5

9.6

1993

102.8

68.7

11.9

22.2

-2.8

8.6

11.5

2002

101.1

62.8

12.0

26.4

-1.1

16.7

17.9

(Source: Asian Development Bank, 2005, Asian Development Outlook
2005. P. 48. )

Data over the same period compared with China, India, domestic demand-oriented features of the more significant. Compared with other East Asian countries, China's opening up a relatively short time, but also economic power, so they are still domestic demand-driven. However, China's dependence on foreign trade increased rapidly, while domestic demand proportion decreased rapidly, especially in rapid decline in the share of private consumption (see Table 2).
Table 2
China's economy accounts for the expenditure items of the ratio of real GDP in 1990 prices,%.

Year

Domestic demand
(1) =
(2) + (3) + (4)

Private consumption (2)

Government consumption (3)

Domestic fixed capital formation
(4)

Net exports
(5) =
(6) - (7)

Export
(6)

Import
(7)

1973

99.1

55.7

9.4

34.1

0.9

5.0

4.1

1983

100.2

54.3

12.1

33.7

-0.2

13.2

13.4

1993

100.8

49.1

13.1

38.6

-0.8

18.6

19.3

2003

94.2

39.6

12.0

42.6

5.8

24.4

18.6

(Source: Same as Table 1.)

Comparison of China and India, reflected in Table 3 more clearly. 1973-1983,1983-1993 and 1993-2003 in the three decades, in India, the contribution of private consumption has been significantly higher than China. In the 1993-2003 decade, the net export contribution to China's GDP growth rate at 10%, while India was only 1.2%.

Table 3
Various expenditure compared to the contribution of GDP: China VS. India

(%)

Country

Time

Domestic demand

Private consumption

Net exports

China

1973-1983

101.4

52.9

-1.4

1983-1993

101.1

45.9

-1.1

1993-2003

89.6

32.9

10.4

India

1973-1983

106.1

73.9

-6.1

1983-1993

102.3

63.2

-2.3

1993-2002

98.8

54.7

1.2

(Source: Ibid, Table 1.6, p. 49.)

Domestic consumer market will further become India the main driving force of economic development. According to McKinsey Global Institute research, 2025, India will become the world's 5th largest consumer market, while consumer spending is expected to quadruple the total will reach about 1.5 trillion dollars. From "Foreign Affairs" magazine, and McKinsey Global Institute research that, in the past two decades, the size of the Indian middle class has quadrupled to nearly 250 million people, while Indians may well be in the future triple in two decades. According to the Indian Chamber of Commerce and Industry jointly estimated by the well-organized retail in India and strong domestic demand, attract prosperity, before the end of 2011, there will be 315 large shopping centers be located in primary and secondary cities in India.
India's policy on financial crisis response

Although domestic demand, led Fazhan strategy makes India Compared to many others, did not seriously hit by financial crisis and the impact of Tai, but the speed of India's economic growth is indeed slowing, the industry stars such sectors are Shoudao Lebijiaotai of impact. As the Indian Prime Minister Manmohan Singh said, "India's economy through the financial crisis sooner or later the 'pain'." In order to alleviate the financial crisis, India's economic and social adverse impact, the Indian government introduced active policies to vigorously tap domestic demand.

First, the increase in bank liquidity, strengthening banking and financial supervision. In response to the flow of shortage, the Indian Government mainly taken the following measures: capital injection to the banking system, to mobilize domestic funds in the market, Jiang Di benchmark lending rates reduce cash reserve ratio, reducing Fading liquidity ratio, Kaibitebie Rongzi window Deng. Meanwhile, the Indian government has also strengthened the supervision and control of capital flows to minimize the risk assets.

Followed by the broadening of the tax relief, increased fiscal spending. December 7, 2008, the Government of India launched the first set of programs to stimulate the economy, including: expansion of fiscal expenditure; reduce the central excise duties for most goods; an increase of nearly 40 billion rupees in the financial funds to help R & D and export market development; Fourth, to support the development of real estate and textile industries, accelerate infrastructure construction; to remove the oil used for power generation industry, import tariffs and export taxes on iron ore fine, massive iron ore export tariffs reduced to 5%
;
Allow the government to the extent permitted by the budget department to replace the bus. January 2, 2009, the Government of India launched a second economic stimulus package, including import tariffs and impose export tax rebate rate increase. February 24, 2009, the Government has introduced a third set of economic stimulus package, mainly by reducing the consumption tax, service tax relief to stimulate production and consumption of consumer durables.

Third, the adjustment of industrial structure, promoting the industry to accelerate development. To reduce the financial crisis on the real economy, the Indian Government to actively promote the development of the manufacturing sector, especially in support of real estate. 2008
In October the central bank through the National Housing Bank to provide Rs 40 billion fund to require the public bank as soon as possible 500 000 -200 10 000 housing loans of Rs incentives; 11
Cancellation of real estate loans on bank additional capital constraints; allow real estate credit companies to foreign borrowing. In addition, major initiatives include the development of iron and steel industry to help accelerate the car industry and electronics hardware manufacturing industry, textile, etc. to speed up upgrading of traditional industries and so on. And, as a major agricultural country, India during the financial crisis has particularly highlighted the support for agriculture. Government insists that the subsidies on agricultural inputs; implement the "Rural Employment Guarantee Scheme", as far as possible to relieve the debt of farmers, increasing investment in rural areas, focusing on the development of rural infrastructure, farm purchase prices, etc..

Fourth, accelerate the construction of infrastructure to support development of SMEs. One is to increase oil, electricity and nuclear power and other energy production; is to accelerate the construction of transportation, including: launching of the railway rehabilitation and highway construction projects to increase investment in infrastructure, support infrastructure financing, investment in infrastructure to support banks accelerate the privatization of infrastructure, attract foreign investment in infrastructure; third, speeding up urban construction, the Government launched the Jawaharlal Nehru national urban renewal program of urban regeneration objectives, the Central Government is also allocating funds to states to actively support the construction of local infrastructure. In order to solve the credit problems of SMEs in India to take the principal means includes: relaxing collateral requirements for loans, urged the public enterprises to accelerate payment of outstanding accounts receivable and the provision of SME credit support.

Domestic demand and promoting India in the global supply chain climb

Strong domestic demand to India in the current financial crisis less vulnerable to external market shocks. In the long run, a huge domestic market also continues to push India's deeply involved in the international division of labor in the global supply chain, rising status. Therefore, the foreseeable future in India is heavily dependent on domestic demand will gradually decrease.

Services in India's economic structure plays a decisive role. Many people think that, in the early 21st century world economy, the division of labor between the Asian giant will be clear. China is the world's factory floor, in the manufacture of all kinds of things. India is the world's back office: From the software fault repair, to track down credit card loans. India's services sector is a hot, but its manufacturing is not the case. From 1990 to 2005, industry's contribution to India's economic growth remain almost stagnant, hovering between 25% to 27%. In the same period, the proportion of service sector rose from 37% to 52%. By poor infrastructure, red tape and restrictive labor laws impeded the degree of Indian participation in the globalization of production has been low. According to the Boston Consulting Group (BCG) estimates of experts, India's manufacturing exports in 2005 accounted for only 6% of GDP, to 37 billion U.S. dollars. In contrast, China's manufacturing exports accounted for 35% GDP ratio is about 712 billion U.S. dollars.

Due to the huge domestic market, relatively low wage costs but workers with advanced skills, India is attracting more and more multinational companies to come to carry out manufacturing operations. Ford, Hyundai, Suzuki had a lot of production and exports from India car.
LG Electronics, Motorola and Nokia mobile phone production in India, or have plans to begin production, a large part of which are for export.
ABB, Schneider, Honeywell and Siemens have set up factories in India, production of electrical and electronic products for the Indian domestic market or export overseas. To this end, Wharton management professor Chaudhuri said global investment in the manufacturing sector in India is largely driven by domestic demand.

With the gradual abolition of import licenses, tariffs continue to decrease and the growing liberalization of the exchange rate system, have contributed to India's ongoing domestic consumption-led boom. According to the Boston Consulting Group (BCG) estimates that India's domestic car sales a year to 265,000 in 1995, rose sharply to 820,000 in 2005. In the 2007-2008 financial year, the first 8 months, India's domestic car sales of nearly 870,000. According to Ford, executive director of business development for Asia Pacific David Snyder estimated that India's auto market in the next 10 years will double, from about 1.4 million to 2.8 million. This is the Ford is expected to grow in China, a quarter of (vehicles), but higher than the same period in ASEAN is expected to increase in volume of 1.3 million. By contrast, Ford in North America, Europe and Japan expected sales to remain flat, Asia-Pacific region as a whole (of which focus on China, India and ASEAN), will be Ford's key growth markets.

"If domestic demand developed for the construction of the supply chain is very significant." Chaudhuri said, "It will be India's development model. Until the next India can significantly improve its infrastructure and attract more foreign direct investment. "India is also keen to increase the price elasticity of the incentive at the local manufacturing. The Government set up special economic zones to promote manufacturing growth, allowing private sector participation in ports and massive investments in roads and other measures, have been paid off.

So, while India because of heavy reliance on domestic demand and reducing losses in the current crisis, but the long term, India will be as strong domestic demand and strengthening participation in global production sharing. With globalization, more and more deeply involved in domestic demand and external demand is the future of India simultaneously to development.

Soccer gambling

Inside Story of the Chinese football gambling has become an open secret. In 2002, the Chinese football has been a vigorous anti-gambling self-examination, but the entrenched interests to end this campaign to nothing. This time, the direct supervision of the Ministry of Public Security, China's football present an anti-gambling operations in full swing, with yet another case of football professionals involved in gambling to light, hidden in the gambling interests behind the line is gradually revealed. According to reports, the State Department has sent research teams to place listening to the reports shows that the intensity of the football great gambling investigation.

"Transformers": Adult latent complex animation and car

On Snow Day

Recently, the live version of "Transformers 2" is the impact of global cinema, do not look at it, there will be suspected of falling behind it.

We have been taught, are not greedy is the good boy is not lazy. In this busy society, nor can there be too much like Chan Chong as Garfield and slackers there. Can imagine, most of his people worship and obsession are all want from him were complementary.

As for the movie "Transformers", the various characters in real life can be found in Prototype: The prototype car is Optimus Prime Peterbilt (Peterbilt) 389, Hornet prototype car is a Chevrolet Camaro, and the ambulance prototype is the Hummer H2 ... ... in this film, one young dream is to obtain a car, which is almost a lot of adult men present.

Man's body, perhaps born of blood flowing car. Impression among men and cars, too many beautiful legends, retired and sit on a classic look at a few men, most in their lives Guanghua age, and almost all had Aihenchanmian the correct car pull. In Patton's shadow, always shining Jeep Wenrun Guang Ze, along the way were the golden age of off-road; Beatles era that young men, a long-haired, lonely depression. Perhaps the car also has the ability to think, to choose the timing of such an extreme past lives of all she explains, herein meaning, and I'm afraid has gone beyond our "sword donated celebrities, good horse with a hero," the secular understanding.

If one day, your friend suddenly fell from the sky, to meet you for a series of inhumane interrogation, and finally she pulls from the handbag of a little thing, a car suddenly turned into a beautiful fighter, and then smiling to give you a kiss . You must not surprising because this is now the most fun toys - Transformers!
Perhaps, Transformers is the potential of adult animation and auto double complex!

Xiao-Yu Li: I'm just an ordinary medical workers

Wen / Sun Ling

She was promoted to attending physician at a young age, but traveled to exotic a name, from; her Chinese family background, but respected the means of modern scientific Chinese medicine; her fame in the outside world, they return to domestic self-made founder of the company, will own R & D of products contributing to society ... ... all this from, she felt she "just an ordinary medical practitioners."

"A medical worker has the responsibility and obligation to disseminate scientific knowledge, and use plain language to tell ordinary people profound professional knowledge. Otherwise, what is the significance of our study? You have to remember that we have such responsibility. "

Foreign instructors said this to the Xiao-Yu Li in all earnestness, is what happened a decade ago. But now, when Xiao-Yu Li recalled the past, the scene was still fresh in our memory.

Li Xiaoyu's grandfather and father are doctors, the patients were cured of the scene thanks to her door early age to study medicine on the initiation of the faith. Family members interested in training her, so she and her brother back from an early age, "medicinal fu" and "soup song" and Chinese verses. Although tall in middle school, she long studied under a well-known women's basketball coach training to the Middle School, she did not like the other partners into the professional teams, but chose medicine. After graduation, her wish to be assigned to the Fifth Hospital of Xi'an, and rose when very young physician.

At that moment, a chance to study abroad placed in front of her. Study abroad not only to face the language barrier, but also means that a variety of qualifications has been made will be cleared. In that age, she became a physician, then Xi'an is also one of the few, however, she chose to go to foreign studies.

Ph.D. study period, a number of health workers around a strict approach to her work left a deep impression. In China, systemic lupus erythematosus is the kind of people scared of the disease, when patients can live for five years been a miracle; in there, some patients can even survive for more than twenty years. At first, Li Xiaoyu that there have advanced drugs, but a look at medical records opened, with the domestic use of drugs is no different. After careful observation, she found, the other good reasons for treatment not the drug itself, but the methods and attitudes in medicine. Each clinical doctor spent almost every day, ten hours soaking in the ward, it is this careful observation of patients to be right dose at the right time dose of drugs so that treatment for best results.

When studying the deepest feelings to Li Xiaoyu, was her mentor spirit of excellence in scholarship. Instructors and other students in her demands are very strict. The results must be repeated for each authentication, do not allow any deviation; each research project should be repeated discussions, and strive to meet the highest international standards and discipline. At the same time, the research-based industry, instructors do not believe that medical researchers should only be bored out in the laboratory study, which was the beginning of this article appeared in the scene.

Earlier, Li Xiaoyu reluctant out of school to do community presentations. In order to allow the language and knowledge of both Western medicine to catch up as soon as possible based on higher than their classmates, learning has always been hard for her not only in their studies devoted extraordinary efforts, also spare time to teach Chinese tuition. She felt that he was to learn, learning time is not enough, where also Gude Shang speech like, "chores"? Instructors that talk to Li Xiaoyu on the social responsibility of medical workers with new knowledge, she also started out of the laboratory, to the public, often lectures to teach the way to the ordinary people's knowledge of Chinese medicine.

On one occasion, she was invited to Abiko City, Chiba Prefecture, Japan say the Chinese medicine treatment of chronic rheumatoid arthritis. The audience thought she was up to only a few dozen people to the venue only to find the audience as much more than a hundred, but many people in a wheelchair came from far away the. These patients tell her they are very interested in Chinese medicine, that has a new hope, because many of their suffering is difficult to resolve Western medicine alone. This gave her no small touches: the original so useful in their professional, but their is so to be in demand.

After seven years of study and received his PhD, Xiao-Yu Li to stay in Tokyo engaged in research and development, that is ten thousand years. Stability, a smooth research, happy family - if somewhat famous in the industry what I do not know enough of her place, that is, she always had a complex mind - hope to return to the motherland to make a medical work were modest in the complex.

February 1, 2008, Xiao-Yu Li Ren Jiyuan, director of the 100 biotechnology Co., Ltd. was formally established in Beijing, to market products in the Japanese health food, beauty health food, cosmetics for the major business. Has been engaged in the study had not Li Xiaoyu do not know the status of the domestic health food market: Some producers and dealers irresponsible health products many consumers have lost confidence in itself. Novice in the business of her journey, why dare it embarked on an uncertain market, because she has a completely different from other health products marketers to consider.

Chinese medicine at this stage the most in-depth study countries, except China, is Japan. This is Li Xiaoyu has been made that year to give up all the reason to study abroad. Chinese and Western medicine in Japan from China, but the modern Chinese and Western medicine and Chinese medicine has a quite different, especially in the use of modern pharmacological efficacy of the empirical study of Chinese medicine and molecular biology, endocrinology, immunology reasonable basis to Evaluation of efficacy and explore the efficacy of the mechanism and so are worth learning.

And the domestic most specialize in Chinese or Western medical practitioners compared to Li Xiaoyu's knowledge structure is significantly different, both her Chinese and Western health care system based on knowledge and research and practice at home and abroad have a more in-depth status understanding. Precisely because of this unique knowledge structure, a more open view of her medicine.

Li Xiaoyu has been the motherland of Chinese medicine has a long history of pride, and Research in contrast between the two countries, she could not help but to worry about China's development prospects of Chinese medicine. Although many countries have started to be interested in Chinese medicine, but it seems more likely in Japan are Chinese herbs, Western Europe and the United States and other countries for the recognition of mainstream medicine. Traditional Chinese patent medicine on the international market being 90% of total world share of Chinese patent medicine Chinese herbs alternative crisis, even in the hometown of Chinese medicine - Chinese domestic market, but also repeated shocks. More importantly, it has been labeled as Made
in
Japan label. Even more alarming is that the domestic Chinese medicine some studies have a tendency to be too theoretical, so that the door was originally based on the experience of clinical medicine, the more the more away from the clinical study; with comparison to the clinical application of a clear the purpose of Chinese medical research is more practical.

In view of this, despite the expiration of the fourth decade, returned to the motherland, Li Xiaoyu, or has set himself the subject of two substantial difficulties: the first task is to introduce the status of Japanese and Chinese medical methods, translation and introduction by some foreign writing, to introduce these different voices to the domestic counterparts; second topic is the development of the safety and efficacy are proven by science, for the Chinese constitution and meet the needs of Chinese family health products to the society , and cultivate a healthy philosophy of science can and methods of health care consumers continue to contribute to the team.

100 Jiyuan doing at this stage is the subject of the second part, the company launched the "magna source of collagen protein powder" health food, etc. are Li Xiaoyu research over the years. Although the operating companies to spend a lot of effort, Xiao-Yu Li is also the first issue does not lay down. Even if no matter how busy she must take the time or the translation of medical writing, medical researchers with foreign countries or contact information on the latest medical research.

Although working hours in the company nearly two years, but the "General Lee" is called, Xiao-Yu Li seems to still not used to, she want others to call her "Dr. Li." When asked about alternative medicine do have regrets when life-long career, Li Xiaoyu smiled: "I really want to find out a little regret, but there was no idea. Do they want to do, which is kind of a very happy feeling. I know I say might be misunderstood, may be annoying, but I believe this is good for the motherland and the development of Chinese medicine, which is my normal responsibility of medical workers. "

Dr. Li Xiaoyu profile:

Shaanxi Medical College graduated with a degree, that is, the fifth hospital in Xi'an any physicians. Japan to study in 1989, 1996, in Tokyo, Japan Women's Medical University, received his medical doctorate. 1996 Ganoderma Research Institute Co., Ltd. in Japan and other medical institutions engaged in research and development. In February 2008 returned to run in the Beijing 100 Jiyuan Biotechnology (Beijing) Co., Ltd..

Burned

Wen / Lin Changhua

There is a saying Dongshan Island in Fujian food: "for cold Beaujolais Shang Wei," which is said to brew tea to drink effort is to drink. Even if the dog day heat, a local tea master always used to greet the guests tea and said: "Drink, burned!", Burning, heat is the meaning of Taiwanese.

Mention "Good burn," the origin, there is an interesting little story: According to legend, long ago, a village on the island, there is one single old man live. Although he was poor, but the greatest seniority in the village, the village men and women to him as a "village boss."

One year, penniless poor boss, how do the Chinese New Year? He thought to want to go, only to the county called "Xu million," the rich man begged and borrowed some money home. On this day, poor grain rice boss did not stick teeth, no dripping throat, together with the profile for the twelfth lunar month, he was so hungry banner left leg right leg, frozen on the lower teeth nibbling teeth.

Xu million words just opened a tea shop, tea quality due to not identify good or bad experience, tea shops pay a lot of capital. That day, Xu million are at home sulking. Poor boss Jiaomen heard that New Year to come to repay the debt, they welcome him into the house Jiaopu Ren tea.

Poor boss put that tea to drink. Suddenly, many warm body, then Pen Pen praise: "This tea is true." Millions of heart An Jing Xu: This is my collection of tea, he did not think was good or bad products come out to see his "beggar body" has is the "emperor mouth" miles.

Xu millions of poor boss that something is very knowledgeable on the tea, but also a bubble bubble better than just tea, the tea would like to try the poor level boss.

Ou poor boss drank a few cold means all consumers immediately. He saw oropharyngeal tea, rag mouth, said: "rich man, this tea is better than earlier." Xu million hearing, finds that he really experts, will stay poor boss.

In this way, millions of poor boss to start a tea shop Xu buyer. Unexpectedly, the first time he went out procurement, actually a lot of money back several pounds of low-grade tea. Xu millions know, the idea that the poor old cursed a nozzle. Poor return old debate: "I want to know good quality tea will not buy it!" "Why do you Nianye product out good or bad day?" Poor boss tell us the truth: "the rich man, sorry, that day I hungry and cold, making tea of course drinking applause Yeah! "Xu millions listened, had to suffer in silence whenever.

Since then, "burned" in the tale will be interesting, have spread and become one of the tea side of Dongshan Island, "with tea", used to describe laymen synonymous with acting.