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  1. #21

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    I believe Shanghai will have replaced Hong Kong as the main financial centre in that region well before the "at least 50 years" date of " One Country Two Systems "

  2. #22

    Default

    Something new is now starting to be seen.
    Residents are now engaged in violent protests against environmental damage caused by new factories in their cities.
    ............
    Now, they are realising they cannot live in their cities as the pollution of air, water and soil is becoming intolerable.
    Chinese protesters win but keep on

    After three days of protests by thousands of citizens over pollution fears, a local Chinese government relented and agreed that a petrochemical factory would not be expanded, only to see the protests persist.

    The standoff in the prosperous city of Ningbo has highlighted the deep mistrust between people and the Government in China.
    Should they last longer, the demonstrations would upset an atmosphere of calm that Chinese leaders want for a transfer of power in the Communist Party leadership next month.
    www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10843754

  3. #23

    Default

    More and more people are questioning the capital injections and rising debt.

    ‘Everyone has a loan these days, but average people, we don’t understand where this money comes from.’’ Many experts share Dong’s scepticism.
    For some of them, Zhang’s investment drive in Tianjin is as much a political statement as an economic one — an example of the monumental cost of forging a political career in a one-party state where economic growth, not votes, is a measure of success.
    ‘The Achilles heel of the Chinese economy is free capital,’’ said Minxin Pei, a professor of government at Claremont McKenna College in California. ‘‘Here you have a group of people who are making very big bets and they don’t have any skin in the game.’’

    ‘Getting a mega-project attracts attention,’’ Pei added.
    High cost as China reaches for investment leadership

    www.stuff.co.nz/world/7907714/High-cost-as-China-reaches-for-investment-leadership/

  4. #24
    nhantam110 Guest

    Default

    i can't wait for time so much...

  5. #25
    Join Date
    Mar 2012
    Location
    London
    Posts
    71

    Default

    Quote Originally Posted by belgarionsmate View Post
    My wife is chinese and her parents and some of the aunts and uncles own appartments. And guess what? They don't rent them out and they remain empty for the bulk of the year. The reason my wife gives is that to rent them out would make them "business men/women" and they don't want to be "business people". Thy're quite happy with their assets and they trust property more than the banks. Different world altogether!
    Hahahahaha...interesting one. Your aunt and uncle looks interesting people. Really world is quite different from what we perceive.

  6. #26
    Join Date
    Nov 2011
    Posts
    448

    Default

    Very interesting, but it is China, they have a different culture. Those apartments are probably owned by wealthy Chinese, but they just do not rent them out and they remain empty.
    Mattinvestor is an enthusiast of property investing and personal finance


 

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