Archive for Economy

Interested Article and Oxford Economic Paper on China Infrastructure spending/waste

Ok, just before you go like, dude, come’on.
I know, many of us here, who are involved in a little local business are aware the the country is wasting infrastructure money on purpose.

And uncovering in the article means in general, one guy was pocketing to much, maybe flaunting his or his brothers in laws riches with fast cars and big mansions, so that his buddies got jealous and/or upset and busted him for it.

But wait, after being cynical, read the numbers people.
It’s big, and going back to being cynical, it’s probably still just 1/10th of the shadow economics real numbers.
Ignorance is bliss ;-) !

To the Links

the Article.
Real Estate, not the big over investment problem in China

The Oxford Review Paper:
Survival of the unfittest, why the worst infrastructure gets built and what we can do about it.

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Hey Look, somebody is catching on

Haha, the news, always first and ahead of everyone

Shanghai housing prices to drop in ‘12: mayor
China Daily
Shanghai reported the first monthly drop in prices of new residential apartments in October. For the whole of 2011, new residential apartments were sold at an average of 22432 yuan ($3532) per square meter, according to estimates by real-estate agents.

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Some Interesting Reads this week in Economy and Property China

Some interesting Reads I did this week;

Via Money Morning: China’s Real Estate Blindside could turn into a Real Buying and investment opportunity.
I usually do not follow outside opinions, because for china, looking at news, and research is basically useless.
It’s like reading the bible for a description of the universe (nothing against the bible, meaning you can’t get real facts about the other out of it), but this article seems well thought through.

Via Zerohedge: China Trade Surplus Unexpectedly Rises As Non-EU/US Imports Spike; Crude Imports Relentless

Via Shanghaiist: Canadian Housing Scammer Ryan Fedoruk’s exposed, but not caught.

Via WSJ: Chinese Real Estate Tycoon Sells Gold buys property
 now this kid’s got balls.

Via Wall St. Pit: Is it going to be the Year of the Bull (Rogers) or the Bear (Chanos)
rooting for neither! I’m a rabbit!

Filed under: China Real Estate, International News, Market News, Shanghai Real Estate News | , , , |No Comments

Merrill Lynch expects China to be the first to make the turn

Merrill Lynch came out first to say that growth has bottomed out in China during March.
Car Sales are through the roof but the manufacturing industry is still not out of the woods.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9MWMeXMvBP8&refer=home

I’ve spoken to some investors lately though, and it seems they’re quite confident for 2009 and their businesses here, that’s significant, because most of them are still withdrawing money abroad to invest it in china.

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