We would like again to take this occasion of Chinese New Year – wishing you all prosperity and good-luck throughout Chinese-Mice-Year!
Welcome to China and enjoy Olympic Games if you get the time and lucky.

Traditional Chinese calendar makes the first day of Chinese New Year vary from year to year. But in most case, it is in the month of January or February.
This year, our office staffs would enjoy a span from February 05 to February 12 for Chinese-New-Year (CNY) holidays, whereas business would not set foot on the right paths until February 22. For most factories, workers would not come back to work until end of this February. Chinese New Year Holidays are the biggest traditional days for most Chinese with a chance to be family-gathering, especially for those workers working thousands of miles away from their hometown and this is therefore the only and biggest chance to be home-gathering. All businesses are generally interrupted for about three to four weeks, for CNY.

For this couple of weeks, 19 provinces in South China are experiencing blizzard and storms, which have been blocking Chinese way back home from the place they are working. Overall 589 billion RMB is directly losing because this snowstorm, which was never ever happened in the history since its foundation of P.R. CHINA. If this storm continues, it could be a factor that puts workers off work after holiday.

G603 accident

Last moth, there is a casualty occurred during mining G603. G603 mining would be restored, optimistically after 3 to 4 moths since now. But there is anyhow a big possibility that the situation like 2005 would happen again, that G603 mining would suspend over half a year, and prices for raw stock would increase dramatically.

2008 cost

There are some elements which would keep the cost of stone exporting from China climbing up to even higher position as -
1. From the second half of 2007, China is suffering the domestic inflationary pressure of over 6%. This January, Consumer Price Index (CPI) has come up to 7%, compared with the same period in January 2007.

2. The New Labor Contract Law, which was taken into effect since this 1st January, has frozen the flexibility of hiring short-term workers. Therefore most companies and factories are very cagy to be bound to employment contract. Skillful labors will cost higher than ever for higher unemployment rate in the whole society, if this law is strictly enforced.
3. The corporation income tax will be escalated to 25%; this will give a heavy burden to most companies.
4. According to the Chinese bank system’s record, RMB increases its value in the last few years:
Year 2005 + 2.4%; Year 2006 +3.6%; Year 2007 + 6.4%
Most of the banks expect the RMB to increase 10% in 2008.
We therefore would like to remind you that you have to always be alerted while you are calculating prices valid for whole-year-round or tender any projects which need long-term supply.
From end of December 2007, RMB has been accelerating its rise in value. DELTA is losing a lot on collecting US dollars due. We thus would like you to understand our position and speed up your payments payable to us.

XIAMEN STONE FAIR MARCH 06 ~09, 2008

We would like to invite you to our booth NO. C024 to visit, sit back and chat with us for 2008 development, during the 8th China Xiamen International Stone Fair, which will be held from March 6th to March 9th, 2008, 9:00am – 5:00pm, with venue located at Xiamen International Conference & Exhibition Center.

DELTA WISHES YOU ALL GOOD LUCK IN YEAR OF MICE 2008 !