Strategic Project Management–Adopting the Logical Framework to Real-World Challenges (part 3)


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 11th chapter, he wraps up his book with several tips on applying the ideas in his book to real world project challenges.

1.   Making Projects Stronger in 12 ways

post to be continued

Strategic Project Management–Adopting the Logical Framework to Real-World Challenges (part 2)


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 11th chapter, he wraps up his book with several tips on applying the ideas in his book to real world project challenges.

1.   Making Projects Stronger in 12 ways

post to be continued

Patricia Fripp on Opening Your Speech from Good to Great


At the Spring Conference held by the Chicagoland District 30 of Toastmasters International on April 26th, 2014, at the North Shore Holiday Inn in Skokie, IL, I witnessed the keynote speaker Patricia Fripp do a series of presentations on how to open your speech to make it more effective, and how to thereby open yourself up to going from being a merely good speaker to being a great one.

Here are some notes I took of her presentations.   I hope all those who read this blog article and who are interested in having Patricia Tripp as their own speech coach will go to her website at http://www.fripp.com and check out her programs.

1.   Your Topic must Interest the Audience

To really engage your audience’s attention, rather than them come to listen to you, you have to go and reach out to them.   Yes, it is true, that the audience physically comes to listen to you if you are doing a speech, but mentally you have to be the one that bridges the gap between where they are at the beginning of the speech and where you want to be by the time it is done.

The first key to doing this is to make sure that the subject of your speech is of interest to your audience.     It may not necessarily be of interest to them at the beginning, but you need to relate it to their own experience in such a way that it will become of interest to them.    If you communicate your message with passion and relate it to the audience, you will connect with them.

2.  Three Elements of a Speech

The three elements of a speech are its content, its structure, and its delivery.    The content is what you are trying to deliver it, the structure is how you package the content for delivery, and the delivery is how you get that package over to the listener with skillful means.

It reminds me of a saying by Oscar Wilde, “all bad art is sincere.”   If you change the word “art” to “communication”, you get “all bad communication is sincere.”   What does this mean?    People who communicate poorly may be sincere, in the sense that what they believe in their heart is connected to what comes out of their mouth.    Up to that point, they are fine.   But because the communication is poorly structured or delivered, it doesn’t end up getting over to the other side, the listener, with the same intensity or even the same content as that which was intended by the sender.    Sincerity is necessary, but not sufficient to get the message across.   You need technique, which is what Patricia Fripp delivers.

3.  Content:   Don’t Explain Your Point–Show it through Story

Don’t explain your point intellectually–it will have more impact if it is felt emotionally through the impact of a story. In order to create an impactful story, you have to have a story that engages the imagination of the listener, and you do that through the specificity and artistry of your word choices.    You need to add words that fill out the usual journalistic questions such as:

  • When?
  • Where?
  • Who?
  • What Happened?
  • What was the Result?

The first three set the scene, and the last two play out the scene.

3.   Structure:   Words and Sentences

Choose the individual words carefully with specificity, because specificity breeds credibility.   Avoid vague words such as “stuff”, “things”, “some”, etc.    Choose to place the words you want to emphasize at the end of sentences, where they will have more impact.

Structure the speech in general like this:

  • Strong Opening
  • Premise (explanation, example, application)
  • Seamless Transition (past, present, future OR local, national, international)
  • Strong Closing

4.  Delivery:    No Wasted Motions or Gestures

Every action of your hands or your body during a speech needs to have a purpose.    Don’t pace back and forth across the stage unless each movement is thematically related to the story you are telling.    This will come across as simply nervous energy, and it will make the audience, guess what?, nervous!      If your speech pauses, then your gestures must also pause.

5.  Strong Opening

Patricia Fripp explained one element of her suggested speech structure (see paragraph 3), namely the first one, a strong opening.    Use words which will intrigue the audience, and make them want to hear the next element, your premise.

Patricia Fripp uses several audience members as examples of her ability to make ordinary speakers into great ones.   She had them come up on stage, start a speech, and then she would critique them in light of the points she made during the first part of her presentation.    For example, one person starting a speech with the line, “so I was standing in line at a McDonald’s” as she walked across the stage.    Patricia said, “did you see that?   She is saying ‘I was standing in line’, but her body is NOT standing, it is walking.”    She then had the person start her speech by saying the line “I was standing in line,” but then had her stand up straight as if she were standing in line.    Now the physical picture you see matches the verbal picture she is painting in her speech.

That’s just one example of how her quick insights demonstrated her ability to pinpoint weaknesses in a person’s content, structure, and/or delivery and how to improve them so that the person’s premise of their speech really shines forth.   It was an unforgettable demonstration, and I know that I intend to take her visual speech coaching!

Spring Conference–Another Name for a Toastmaster Holiday


Twice a year, each District in Toastmasters International puts on a conference, which serve to add value to members whose normal experience of Toastmasters is usually confined to what they experience in their clubs.

Here’s an example of 5 activities that we did in the Spring Conference held today, Saturday, April 26th, in District 30, which consists of the Chicagoland area.

1.   Opening Ceremonies

The opening ceremonies, after the reciting of the Pledge of Allegiance and an inspirational thought to put our minds in the right framework for the Conference, consisted of a Banner Parade.    All clubs compete in the Distinguished Club Program which consists of 10 goals for a club to achieve, some educational, some related to membership retention, some to leadership training by the club officers, and some related to compliance with basic record keeping in the club’s relationship to the parent organization of Toastmasters International.

  • If you get 5 points out of 10, you get the designation of being a Distinguished Club
  • If you get 7 points out of 10, you get the designation of being a Select Distinguished Club
  • If you get 9 points out of 10, you get the designation of being a President’s Distinguished Club

If you get any of these designations, you got to be in the Banner Parade, which meant that those clubs that achieved 10 points (which included our club!) got to file up the red carpet to the front of the stage, where they received the award for that designation.    Then all the 9-point clubs went, followed by the 8-, 7-, 6-, and 5-point clubs.   This is a way for a club to get recognition from the entire district for its achievement, and for those members in the club to get recognition for having been a part of that club’s success story for the previous year.

2.  Keynote Speaker

Every conference, they get a speaker who inspires the District membership to become better speakers.   Amazingly, our District has been able to get World Champions of public speaking from previous years, the result of their having won the International Speech Contest for that year.    But this Conference, it went beyond a speech by a World Champion:   we got Patricia Fripp, who is a trainer of World Champions!    She gave us the same pointers she gives those who are going straight to the top of the competition, in the hopes that we will, wherever we are along the Toastmasters pathway of educational and leadership achievement, up our game from “good” to “great”.    She was  entertaining, educational, and inspirational by turns, and you can see why her public speaking course available at http://www.fripp.com, is in such high demand.

3.  Business Meeting

The District leadership meets once every month, but twice a year, there is a special meeting that is held at a Conference, and the main business at the Spring Conference is the election of new officers for the district and division.    Our club was fortunate to have a member who was elected to the District leadership, and I hope it will be inspirational for those in our club (like me) who also harbor aspirations of one day being elected to that same District leadership.     I look forward to following in her footsteps a few years down the line, after I become Area Governor next year and Division Governor at some point after that.

4.   International Speech Contest

The Table Topics Speech Contest was at the conference yesterday, but today’s Speech Contest was the International Speech Contest, the one that goes all the way up to the World Conference held in August of this year in Kuala Lumpur, Malaysia.    As an Assistant Area Governor, I helped put on the Club, Area, and Division Contests in February, March, and April, respectively.   Now the 8 contestants from the various Divisions all competed together in the District Speech Contest.    Our Division competitor did a great job, but so did the competitors from all the other Divisions.   In the end, a guy named Conor Cunneen who originally came from Ireland, won the competition with his speech “Mr. Brown’s Question” about life lessons he learned from his Irish childhood.    He will be heading to Kuala Lumpur in August, all expenses paid for by the District!     The 8 speeches were so diverse, and of such high quality, that it was the entertainment value of the year to be moved by one after another of such great examples of oratory and storytelling!

5.  Awards Banquet

In the evening, those clubs and members who won awards in various contests put on by the District were give those awards in a ceremony had at the evening banquet.    My favorite part of this was at the end, where each person who achieves the highest level of individual achievement at the club level, the Distinguished Toastmaster (DTM) award, was greeted by a line of every single DTM in the entire district.     It was a “welcome to our Distinguished club” award, and the handshakes and hugs shared by the various previous winners of that designation were welcomed by the newest recipients of the award.

This day of celebration of the art of public speaking was something that inspired me, as it usually does, to become a better public speaker and to spend more time helping others in our club and area to do so.    Tomorrow I will give a post on the contents of the keynote speaker’s presentations, but just let me conclude with the note that a Spring Conference feels more like a “Toastmaster holiday” than a Conference, and that’s because it celebrates something that I have developed a passion for doing, and when that’s the case, it feels like play, and not work.    So next time there is a conference for Toastmasters, don’t hesitate, but rather join the fun!

Strategic Project Management–Adapting the Logical Framework to real-world challenges


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 11th chapter, he wraps up his book with several tips on applying the ideas in his book to real world project challenges.

1.   Making Projects Stronger in 12 ways

post to be continued

Strategic Project Management–Managing People Dynamics (part 3)


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 10th chapter, he changes the focus to show how the Logical Framework Matrix can be used not just to manage the tasks, activities, and the resources needed to complete them, but the very people who are doing those tasks and activities, i.e., the project team.    It can also be used as a springboard for managing those people outside of the project team who can influence the project for better or for ill, in other words, the stakeholders.

1.  The Project Team–The Heart and Soul of a Project

The key premise of the first part of this chapter is the following:  how you develop a project plan and who you involve is as important as the actual plan itself.   What this means is that if people participate in the development of a project plan, then have more buy-in and less resistance to carrying it out.

The Logical Framework Matrix, by providing a reference point by which the entire project team can develop the project plan, can also provide a rallying point for the morale of the team.

The second part of the premise is about who you involve in the project plan.   In the kickoff meeting, you may want to invite key stakeholders, especially upper management, to your meeting.   Even if they do not attend, the fact that you have invited them gives a signal automatically that you are open to input from outside the project team.    That doesn’t necessarily mean you will act on every suggestion, but you will at least listen to every suggestion.

If upper management does not attend, if you at least put out the agenda of the kickoff meeting, they might also have the opportunity to give their suggestions before the meeting that you may want to discuss with the project team.   Again, this is a gesture to let them know that their concerns are being heard.

Finally, after the project team meetings, you need to inform the key stakeholders of the results of the meetings so that they can at least have a chance to give input before the following meeting.    Those in the project team itself, of course, will be engaged during the course of the meeting in constructing the project plan so that they cannot help but feel a sense of personal responsibility towards its successful completion.

In the next post, I will go into some more detail about how Terry Schmidt recommends you engage the stakeholders throughout the course of the project.

Strategic Project Management–Managing People Dynamics (part 2)


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 10th chapter, he changes the focus to show how the Logical Framework Matrix can be used not just to manage the tasks, activities, and the resources needed to complete them, but the very people who are doing those tasks and activities, i.e., the project team.    It can also be used as a springboard for managing those people outside of the project team who can influence the project for better or for ill, in other words, the stakeholders.

1.  The Project Team–The Heart and Soul of a Project

The key premise of the first part of this chapter is the following:  how you develop a project plan and who you involve is as important as the actual plan itself.   What this means is that if people participate in the development of a project plan, then have more buy-in and less resistance to carrying it out.

The Logical Framework Matrix, by providing a reference point by which the entire project team can develop the project plan, can also provide a rallying point for the morale of the team.

The second part of the premise is about who you involve in the project plan.   In the kickoff meeting, you may want to invite key stakeholders, especially upper management, to your meeting.   Even if they do not attend, the fact that you have invited them gives a signal automatically that you are open to input from outside the project team.    That doesn’t necessarily mean you will act on every suggestion, but you will at least listen to every suggestion.

If upper management does not attend, if you at least put out the agenda of the kickoff meeting, they might also have the opportunity to give their suggestions before the meeting that you may want to discuss with the project team.   Again, this is a gesture to let them know that their concerns are being heard.

Finally, after the project team meetings, you need to inform the key stakeholders of the results of the meetings so that they can at least have a chance to give input before the following meeting.    Those in the project team itself, of course, will be engaged during the course of the meeting in constructing the project plan so that they cannot help but feel a sense of personal responsibility towards its successful completion.

In the next post, I will go into some more detail about how Terry Schmidt recommends you engage the stakeholders throughout the course of the project.

Strategic Project Management–Managing People Dynamics (part 1)


In the book Strategic Project Management Made Simple, Terry Schmidt introduces the Logical Framework Matrix as a tool for creating a strategic plan (chapters 1-8), and for executing, monitoring & controlling that plan (chapter 9).   In the 10th chapter, he changes the focus to show how the Logical Framework Matrix can be used not just to manage the tasks, activities, and the resources needed to complete them, but the very people who are doing those tasks and activities, i.e., the project team.    It can also be used as a springboard for managing those people outside of the project team who can influence the project for better or for ill, in other words, the stakeholders.

1.  The Project Team–The Heart and Soul of a Project

The key premise of the first part of this chapter is the following:  how you develop a project plan and who you involve is as important as the actual plan itself.   What this means is that if people participate in the development of a project plan, then have more buy-in and less resistance to carrying it out.

The Logical Framework Matrix, by providing a reference point by which the entire project team can develop the project plan, can also provide a rallying point for the morale of the team.

The second part of the premise is about who you involve in the project plan.   In the kickoff meeting, you may want to invite key stakeholders, especially upper management, to your meeting.   Even if they do not attend, the fact that you have invited them gives a signal automatically that you are open to input from outside the project team.    That doesn’t necessarily mean you will act on every suggestion, but you will at least listen to every suggestion.

If upper management does not attend, if you at least put out the agenda of the kickoff meeting, they might also have the opportunity to give their suggestions before the meeting that you may want to discuss with the project team.   Again, this is a gesture to let them know that their concerns are being heard.

Finally, after the project team meetings, you need to inform the key stakeholders of the results of the meetings so that they can at least have a chance to give input before the following meeting.    Those in the project team itself, of course, will be engaged during the course of the meeting in constructing the project plan so that they cannot help but feel a sense of personal responsibility towards its successful completion.

In the next post, I will go into some more detail about how Terry Schmidt recommends you engage the stakeholders throughout the course of the project.

Integral Life Practice–Chapter 10 Additional Modules


The purpose of the Body Module is to introduce you to practices which cultivate your health by taking care of the matter of your gross physical body.   But beyond this, the module introduces you to the other bodies that are also vital for one’s health, the energy in your subtle body, and the causal body of stillness within which the other two bodies rest.

1.   Three Bodies

In the same way that your consciousness normally has three states–waking, dreaming, and deep sleep–your body also has the corresponding gross, subtle, and causal bodies.    Remember the distinction in the quadrants between the interior and exterior dimensions of reality?   The interior quadrants are the ones are the left, and the exterior quadrants are the ones on the right.

Each state of consciousness is an interior dimension which has a corresponding exterior form or dimension that is referred to as a body.   Let’s take a look at each of the three states of consciousness in turn and the associated form or body which encapsulates them.

this post to be continued

Reviewing China’s National People’s Congress–a EIU Webinar


in March 2014, the Economist Intelligence Unit put on a webinar entitled “Reviewing China’s National People’s Congress: A reform landmark?”   It was presented by Duncan Innes-Ker, Regional Editor (Asia).   I am putting the raw notes summarizing the webinar onto my blog today, and will edit them during the next week so that they are more organized.

Assessing the impact on the economy and discussing whether the government’s targets are realistic.

EIU website on China is a good source for news, but also the Forecast

Reviewing the NPC

Last few days have seen some new information coming out on what the government policies are going to be.

Everything you need to know about the NPC

The work reports

–The budget

–The premier’s report

Power to the Party

-NPC China’s legislature

Meets once a year, passes legislation, supervises appointments & work

Not as feisty as it once was, sometimes has the reputation of being a “snooze fest”, a “rubber stamp” operation

There was speculation on whether the NPC would be a check on the government’s power.  It is not as feisty as the Vietnamese NPC.  Nevertheless it is still important in China.  But can still stock important policies—e.g. property rights law in 2006.  The property rights guaranteeing private property rights was blocked by conservative members in the NPC.

In 2013, over a third of delegates failed to vote for the environmental and conservation committee because of rising concern over pollution in China.  The environment was a big theme in this year’s session.  It was a smooth Congress.

Key moments are premier’s report on overall government’s policy and targets.  And also the budget

The budget

Defense budget up 12.2% to US$ 132 bn

The first year that the defense budget has increased faster than the overall growth rate in the budget.

The public numbers may be understated, they may be 40%.

US budget is $673bn.  Even if China’s budget were twice as large, it would less than half the size of the US.

It’s difficult to see what the government’s spending will ACTUALLY be, because 2/3 of the spending is what’s going on at the local level, and the central government is not saying what is going on at the local level.  However, you can get a picture of what the different priorities are.

Health up 15.1%, fastest growth

Transport & environment spending increase by less than average.  On the one side, spending on health, education, and anti-poverty measures are still the priorities for the administration.  On the transport & environment side, when you hear that the government is spending a lot on combating pollution, the money isn’t really there, and rhetoric is stronger than action in achieving these goals.

Faster move towards environmental protection tax and real estate tax.  At least in terms of rhetoric.  EIU is dubious about how fast they will go.

Thrift & oversight to be strengthened.  Reining in expenditure and increasing oversight of the budget.  The budget is being put forward in a more explicit and straightforward manner.

Fiscal strains are mounting.  Central government revenue shrank for the first time in many years.  There is a period where civil servant’s wages are rising, but revenue growth is slowing in real estate investments.

The premier’s report

Growth target of around 7.5%–so little progress on rebalancing. We’re already lower than 7.5%.  The reason that the government is putting on an ambitious target is that there will probably be stimulus measures.  EIU thinks it will end up 7.3%

Inflation around 3.5%

Higher priority to fiscal and tax reform:  local government bonds

The government is moving to be more flexible in terms of the spending.   2/3 of government goes towards to the center, but 2/3 of the spending is done by the local level.

We aren’t seeing a lot of indications that thinks are changing with regards to tax reform.

Financial reforms & deposit insurance.   More aggressive reforms year,.

SOEs contribute more to central budget—mixed ownrership models..  Part privitzation

Premier is associated with push to urbanization.  The 3 Rs:  residency (100,000,000 migrants given), 100,000,000 have their houses renovated, relocation (100,000,000 from countryside to city).

Urbanization:  3 X 100 M

PUSH TO ADDRESS POLLUTION—but tough to achieve

The premier used very tough language “war against pollution”, fierce tone of attack but it is a very tough target to achieve.  Actually meeting targets will be very difficult.  For every factory they close down, another tends to pop up.

POWER TO THE PARTY

The party advances, the state retreats?
The government is a little disengaged from the legislative mood.  It was a relatively quiet session as contrast to what’s going on in the party.  Two power structures, the party and the government.  There is competition between them.  The party has always been dominant.  The party seems to be emphasized at the moment as compared to the state structure.

 

Little in way of structural change at NPC

–contrast to big shifts in CCP organization

–running corruption & mass line campaigns

–and to changes made at NPC in 2013

Bureaucracy emasculated

–200+ approvals decentralized from State Council

–Slimming down the number of government officials

No new government buildings being built or refurbished.

Power is pushed up to higher-level vehicles in the party, pushed down to lower levels in the government.

Focus on Party as channel for reform

–Is it enough?

 

What does it mean for the reform agenda?
Financial reforms moving forward swiftly

–exchange rate liberalization

–interest rate liberalization

–Capital account opening

Outlook for fiscal reform less clear

National housing database won’t be in place until 2020, the tax may be lost in action

–Property tax lost in action

–Resource & Pollution taxes may see more progress

SOE restructuring to be done mostly indirectly

It is done indirectly by adding competition to the sector

–More opportunities for private sector players

Changes there will be quite gradual, and will open the playing field to privatization.

We may be seeing public—private partnerships.

 

What does it mean for business?

New opportunities

–Private sector involvement in previous SOE turf

–Shanghai FTZ

–Investment & growth to remain elevated in short term

Bureaucracies seek a purpose

–NDRC focus on anti-monopoly & pricing

–Approvals confusion to continue?

–Lost contacts as officials leave

Monetary conditions will be slightly looser.  The interbank lending rate has come down a bit this year.  These slightly looser liquidity conditions will continue for the next few months.

The government is trying to reduce the ability of ministries to interfere in the economy.

The national development reform commission (NDRC) is looking to focus on new areas, such as the ani-monopoly law and pricing policy.

We could see continued confusion among lower-level bureaucrats.  As we are seeing officials moving out of government sector into public sector, there is a great churn among government officials.  They were considered very stable jobs.  People that serve as gateways as clarifiers of regulations, as these people leave, companies become uncertain about how to approach the various ministries.

China’s growth—we don’t believe in the “hard-landing” scenario.  The overall picture remains optimistc.

Q&A

1.  Might be seeing public-private partnerships.  What will be the main opportunities for businesses any particular sectors

Government is mentioning railways an awful lot.  Especially given restrained spending ability. In terms of other areas.  A lot of effort to bring private sector investments in education,

Big concern will be how to engage in a venture that is very strong, very well connected politically, in ending trouble waters.  In terms of protecting IP, and seeing that contracts are well-constructed.

2.  More information on environmental protection?

It is very tame terms that the government has talked about this.  There are environmental standards, but the actual hard detail of these policies has yet to be worked out.  Just be cautious on that front and don’t necessarily , enforcement is skewed against foreign companies.

3.  What kind of stimulus wil be expect to see in the coming year?

The currency has weakened in the past month or so.  But the policy may be reversed pretty quickly.  The government is effectively loosening monetary policy.  Targets on monetary policy in terms of growth of money supply, aiming to bring it down from it was in 2013.  That suggests that they will be trying to rein in the leverage factors.

Likely to see a lot of fiscal investments, direct government investments in expressways, railways.  To connect every city that has over 200,000 population with railways, and every city over 500,000 with high speed rail.

4.  Urbanization in china and government’s plans to investAre problems that can be easily resolved?

Ghost cities and the urbanization policy are in many ways key sides of anargument. There is a widespread perception that if they build it, they will come.  In many cities, especially in central china, there is a low level of urbanization.

There are a number of other parts of china, partticulatly in the northeast where urganization is already advanced.
This is a big concern, ghost cities are related to property markets, which have their problems.The big challenge will be a fiscal once.

5.  Will government be less supportive to foreign enterprsie?
The environment has been deteriorating since 2008.  There is a lot more frustrated.  Many people are looking at the government, about investment liberalization equal treatment of foreign and local investotrs in the foreign free trade zone.

The opening aspect of the agenda is one that the government supports in terms of competition.  But over all this is not considered a proper government concern.  Things won’t improve in china in this area.  Foreign companies are finding a lot of problems, enforcement regulatory arbitrariness.

With the opening of the financial sector, what do you see the richest portential emergin?

This is definitely one of the big concerns.  It is not debt as its stands.  Public debt is a manageable level.  There is an argument that central government believes that its reform agenda will boost productively growth and that will lift the GDP growth in and of it self.  If you look at growth and the structure of the econojy, it is reliant on investment and credit more than ever before.  Redressing the balance will take a lot of effort.

That issue is being pushed into the medium-term by decisions that have come out.  Setting a high growth target indicates that it is not a high priority for the government this year.

Why is health care spending increasing?
Government is increasing its payments into the healthcare system.

It is a shallow insurance scheme, you are left on your own after an initial payout.  The government contribution is being increased.  There is a lot of money going to hospitals, and health care reform of various types.  In terms of the budget, the money is going essentially into insurance.

The central government is handing over a lot of the power of spending to local governments.  This is the nature of why they keep so much money coming into the center.  The center wants to keep control over the pursestrings to dictate to local governments what they need to do.  They are moving to more general allocations giving more leeway to the local government.  They want to hold the whip over the local tgovenrmens through allocation of money.

There are some local  governments in china that have poor record of spending wildly.  There is a question about whether these will be receiving more central government help to alleviate their problems.

4G mobile broadband structure,rollout will it have effect on economy?

Thy are going to spend more money on 4G rollout.  From an investment sense, that should help support growth.  The telecom infrastructure side won’t need private capital, maybe from the service sector.  But mostly it iwill be coming from the highly profitable telecom companies.  The online economy will do tremendous growth in online retail.  Exciting developments in online finance.

Report on judicial reforms?  Do you see this?
Yes, one of the most exciting aspects of this government.  One of the reforms that was talked about in November was making lower-tier elements of the party more responsible to higher tiers of the system.
If you are talking about improving business law and contract enforcement, it is much more organic.  In Shanghai and Beijing it has happened, in other areas more quality decisions will be coming out.

Do you see restrictions of the shadow banking system?

On shadow banking side, we are seeing the central bank wanting to bring out, they are lightly regulated banks, those elements have to fit into the regulatory system.  IT is trying to do two things simultaneously, reducing systemic risk by transparency.  It is trying to encourage innovation and creativity.  Where things serve to support the economy without creating risk, they will be allowed to continue.  It covers a wide range of activities.