Friday, May 23, 2008

Robert Hsu's Weekly Update in China Strategy

Devastating. There's no other way to describe the aftermath of the 7.9-magnitude earthquake that rocked the western Sichuan Province in China nine days ago.

The numbers are simply tragic and seem to change everyday. The most recent counts: 51,151 dead, 300,000 injured, 5 million homeless and 12 million farm animals killed. What really tugs at my heart is that much of the current death toll includes many children, and with China's one child policy, families are now mourning the loss of their only child.

Despite nearly two weeks passing since the natural disaster struck, rescue efforts continue unabated. The Chinese are persevering through this tragedy, hanging onto hope and working hard to find survivors and rebuild their lives. Much of this hope and determination is being driven by the country's leadership.

Chinese premier Wen Jua-bao, who personally led rescue efforts for the first five days following the quake, famously told rescue workers: "Even if there is only a 1% chance (of survival), we must apply 100% effort." http://asia.investorplace.com .... continued

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