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Only Fear is Fear Itself – From a Witness of SARS 2003 in China

Dear all:

Fears of a global swine flu pandemic are growing with new infections in the United States, Mexico and now worldwide. Is swine flu ‘the big one’ or a flu that fizzles? All people are asking these questions and get concerned, including you all.

But don’t be afraid, all my colleagues in HandbagVIP.

Remember when 2003 SARS affected, all around the street, all people were warding mask, nobody dared go out, and the whole street are empty. The whole company of HandbagVIP are there at Canton Fair and with the foreign buyers who visit the fair, lower to be only 30% than past years. We were so cared and felt very depressed in the mind at the beginning.

The worse came later. I was isolated then due to fever and all the people around me in the company are scared, including me. I told myself that I was ready for any worst case. When I was in hospital I found some of the people like me died.

But finally SARS is cured and all our life go back to normal. This is due to decisive and effective action of the government. What I learned from this experience is that our social system has got enough experience in curing SARS, and we have experienced it one time so we know all will be ok by the medical treatment. Our business grows 300% after the Canton Fair, since lots of other factories & companies did not attend the show, due to the fear and lots of buyers turned to us as suppliers—some of their original suppliers went bankrupt after that actually.

Now, seems the situation happened again. We get not SARS but swine flu this time, and again HandbagVIP is now in Canton Fair. Let us be cool and calm, we are sure we can go through it. —At the least, according to the report, best thing about swine flu, is we know what virus it is, when in 2003 we did not even knew what SARS is.

Lastly let us remember: The only thing we have to fear is fear itself.


Bill Daniel

This is an internal email from Bill to all staffs of HandbagVIP April 27, 2009.

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Himfr Reports China Considers to Raise Wholesale Hydropower Electricity Prices

China would make pilot moves to raise hydropower electricity prices in a bid to subsidize residents who made way for the power projects,according to Zhang Guobao, vice minister of the National Development and Reform Commission.

The commission is about to raise hydropower electricity prices to the same level as coal-fired power plants in a pilot move. But we did not know when the pilot move would be launched and in what regions. However, there are still difficulties to finally make such hydropower electricity prices the same as coal-fired power plants.

Electricity from hydropower plants is sold at 0.2 yuan (3 U.S. cents) to 0.3 yuan per kilowatt-hour to power distributors, and it is lower than 0.4 yuan to 0.5 yuan per kilowatt-hour for electricity from coal-fired power plants.

Such prices are based on operational costs of different power plants and a reasonable profit margin, when the commission set the prices. Compared with coal-fired power plants, hydropower plants usually require a larger sum of investment for the construction, but run at lower costs upon completion. In the end, prices of electricity from most hydropower plants are set lower than those from coal-fired plants.

Lower pricing for hydropower electricity has been criticized as the country’s hydropower projects expanded.

By the end of 2008, China’s installed capacity of hydropower facilities reached 170 million kilowatts, and the country’s hydropower plants generated 563.3 billion kilowatt-hours last year, according to the China Electricity Council, the industry association.

That means hydropower plants accounted for 21.6 percent of the country’s total installed capacity, and 16.4 percent of the total electricity output last year, only next to that of coal-fired power plants.

Currently, compensation for relocated residents has become the biggest obstacle to the development of hydropower plants in China. For instance, China had relocated 1.27 million people by the end of June to make way for the giant project of the Three Gorges Dam, initiated in 1993.

And the raising hydropower electricity prices to subsidize the relocated residents in regions where there are dire needs for such funds could be a possible plan for the commission

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