银行测试房贷压力 北京绸缪地产崩盘

choi

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VOA Chinese, Apr 24, 2011.
http://www.voanews.com/chinese/news/20110424_China_Real_Estate-120564979.html

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.


-----------------------Separately
(1) 加快人民币升值步伐有助抑制通胀？
http://www.voanews.com/chinese/news/20110422-Acurrency-Appreciation-120514034.html

Quote:

"但是，加快人民币升值的速度果真能解决中国居高不下的通胀吗？华盛顿智库，美国传统基金会的中国经济学家史剑道(Derek Scissors)的答案是'不一定。'

"他在接受美国之音采访时说：'货币升值帮助降低价格的逻辑是，货币升值，进口便宜，出口变得昂贵。大家认为进口会便宜的一种想法就是基于中国的通胀是输入性的。但是中国的资产泡沫不是输入性的；食品价格上涨就中国来说，也不是是输入性的；现在能源价格又上涨，这可能是输入性的。但是，在中国，能源价格是被控制的 。如果仅仅让进口能源价格下跌，并不能导致价格压力就自动变小。'

(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.



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