Tags: economy
China's Homes Are A $15 Trillion Store of Wealth
Whether located on Hainan or one of China's other provinces, the level of debt-free home equity found in the lower and middle class sectors of the housing market is a big bunch of Hainan coconuts - $15 Trillion by my reckoning
I'm pleased that the market and investment advisory website run by Wall Street veteran Rick Ackerman continues to feature my China articles and this latest article takes a closer look at this massive cauldron of equity and its possible impact on all of us in and out of China.
Make no mistake, Chinese are frugal and the greatest savers in the world, however the push is on by the banks for Chinese consumers to get into the American credit card lifestyle. Will Chinese ever use a credit card or home equity loan to finance their holiday like Americans were brainwashed to start doing? Will they tap into their home equity, when and why? Just click on the link to read the feature article at Rick's website.
$15 Trillion of Debt Free Home Equity In China
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Shanghai Property Sales 50% DOWN, Auto Sales 50% UP, and CoffeeWorld Now Has Shepherd's Pie On The Menu!! ...Hmm?
This interesting juxtaposition just in from CapitalVue.com. Money just flows in and out of different places on the whims of what?....we've got plunging home sales along with rocketing auto sales here in China...as if the roads aren't already crowded enough with too many cars?...Cheers, Mario
July 7 -- The transaction volume of Shanghai's previously-owned properties plummeted 50 percent year-on-year to 69,100 units in the first half of 2010, reports Yicai.com, citing statistics from Century 21, a real estate services provider.
July 7 -- SAIC Motor (600104) recorded 43.93 percent and 44.89 percent year-on-year increases in auto production and sales volume in the first half of 2010 to 1.74 million units and 1.77 million units, respectively, according to a company filing
And now this...Sanya Restaurant Corner Sneak Preview...CoffeeWorld's got some new menu items including a new Homemade Lasagna and tasty Shepherd's Pie...that's mashed potatoes, ground beef with tomatoes, baked with bubbly cheese on top...post and photos coming soon!
China Inflation and Property Prices Continue to Surge in February
Well, we know Hainan is leading this parade...not good for the health of China's ongoing development...once again the greedy gain for themselves at everyone else's expense...Cheers, Mario
This just in from the news wires....
(RTTNews) - China’s National Bureau of Statistics on Thursday announced that property prices in 70 major cities across the country were up 10.7% year-on-year in February, faster than the 9.5% increase in the previous month. Housing prices were up 13% year-on-year in February, faster than the 11.3% increase in January, the statistical office said. Property sales in the first two months of the year jumped 70.2% compared to the same period a year ago.
Hawaii And China Promote Tourism, Economic Development Opportunities
Hawaii Governor Linda Lingle announced today she will travel to China to build on the State’s strategic efforts to strengthen Hawai‘i’s economic base by tapping China’s growing outbound tourism market as well as developing opportunities and partnerships in clean energy and international trade. Several links to related articles on Page 5...Cheers, M

During the trip (October 30 – November 13), the Governor will visit six cities where Hawai‘i has developed important economic interests: Beijing, Shanghai, Hong Kong, Haikou and Sanya in Hainan Province and Guangzhou, Guangdong Province. Beijing is the capitol and political and administrative center of China; Shanghai is the country’s economic and business center; Hong Kong continues to be a leading global financial center and trading base; both Hainan and Guangdong Province are sister-states to Hawaii.
Sanya News: Doing business in China is getting harder, not easier, according to European businesses: 600 page complaint report on Protectionism
It could be easy to understand that with the current economic crunch every country gives in to a degree of reluctant or blatantly obvious protectionism and...
Sanya News: This just in from www.traveldailyasia.com: A Sign Of The Economic Struggle: Osaka Airport Slashes Landing Fees by 80%
While some media and government spinners may be trying to show us a rosy economic recovery well along its merry path so far, we have to stop and wonder why this then?....Cheers, M
(TDA) Osaka airport to slash landing fees...In an effort to boost its competitiveness, Kansai International Airport has said it will cut regular landing fees for airlines at the Osaka hub by 80%, if they increase flights or use...








