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A lot of people are worried about China's exports to Europe as the Euro has depreciated. Others worry that China might come under EVEN MORE pressure to let its currency appreciate. One person commenting here says: "It looks like there is not much that China can do to persify its reserve risk. Commodities? Only to a certain extent. The other obvious choice" this person says "is to open up its currency so the renminbi becomes one of the World's reserve currencies. At least, this will allow China to manage its destiny better and not be at the mercy of others."
What's the general reaction from Chinese Internet users?
Well, most Internet users do support it and say it's no different from giving birth in Hong Kong. One person says that as a human being, no matter where you come from, if there is a country that can provide a better society, environment and welfare, then why not? Another person says that it is very cheap for a Chinese person to give birth in the US, and that it costs about the same to get a Beijing Hukou, or residence permit. Others think that it’s not harmful to China at all, because with such a huge population, it might even be good for the country to ease the number of people here.
Time magazine recently published its 'person of the year' list - which highlights those who have had the greatest effect on the world during the previous year.
And this year one of the runners-up was 'The Chinese Worker' – the person the magazine felt was responsible for maintaining the country's 8% growth despite the global financial crisis – and for producing the vast array of cheap "Made in China" goods that are, paradoxically, so hated by the American worker yet loved by the American consumer.
But despite the huge contributions and sacrifices made by these workers - many of them rural migrants to the vast industrial cities of the East – the living standards of many are atrocious. A recent report on one migrant worker who froze to death while sleeping under a bridge in a Nanjing subway station made headlines.
It emerged that he had been sleeping there for two months. And that many other workers have slept there for years, having nowhere else to go.