Note: The report cites
Kenneth Rapoza, Why China’s Property Bubble is Different. Forbes, Apr 22, 2011 (blog).
http://blogs.forbes.com/kenrapoza/2011/04/22/why-chinas-property-bubble-is-different/
("According to Cushman & Wakefield, foreigners account for 43% of Shanghai’s commercial real estate sales. Surprisingly, lease yields (gross rental income-to-purchase price) on investments have declined from around 10% in 2003 to under 5% in 2010. Yet, they still want in on the action given China’s long term growth prospects.")
Other than the quotation, the blog does not say much.
(2) Michael Wei, China's Richest Man Wants to Go Shopping; After success in beverages, a billionaire seeks growth in retailing; 'I spend less than my employees simply because I have no time.' Bloomberg BusinessWeek, Mar 21, 2011.
http://www.businessweek.com/magazine/content/11_13/b4221030318304.htm
Quote:
Zong Qinghou 宗庆后 "says his personal spending averages just $20 a day,
"Zong's company, the maker of Wahaha-brand juices and mineral water [has] a 7.2 percent share of China's soft-drink market, according to researcher Euromonitor International. It trails Coca-Cola's (KO) 17.2 percent share and Tingyi (Cayman Islands) Holding's 13.2 percent. PepsiCo ranks fourth at 6.6 percent.
"Zong says building department stores and supermarkets across China will allow him to enter businesses that have higher margins than manufacturing while taking advantage of Wahaha's already far-flung distribution network.