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rffrydr
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rffrydr
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 Posted: Fri Apr 15, 2011 7:51 am Post subject: |
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http://news.xinhuanet.com/english2010/china/2011-04/05/c_13813781.htm
| Quote: | | ...when potential buyers ask for a discount, we usually use the excuse that there should be no discount on filial piety," a salesperson told Xinhua, adding that this sales method always works. |
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rffrydr
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| Posted: Wed Apr 13, 2011 6:45 am Post subject: |
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China Daily News reported that property buyers in Beijing are holding off purchases in anticipation of property price declines. A survey of individuals at the 2011 Beijing Spring Real Estate Fair found that 65% of people intended to postpone purchases by six months.
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rffrydr
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rffrydr
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| Posted: Wed Mar 16, 2011 6:44 am Post subject: |
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China’s slowdown: what slowdown?
Published: March 16 2011 10:06 | Last updated: March 16 2011 10:06
| Quote: | One of the more memorable sound-bites from China’s annual policy review, which closed on Monday, was Premier Wen Jiabao’s description of inflation as a tiger that “once set free will be very difficult to put back into its cage.” Lending data continues to suggest that the tiger is not just uncaged, but pacing about.
New renminbi loans were Rmb534bn in February, about double the pre-crisis run-rate. Total system-wide loans outstanding rose to just shy of Rmb49,000bn at the end of the month, more than double the total of February 2007. Rampant credit growth is not a menace, in itself, as growth in deposits has more than kept pace. But what is worrying is the behavioural effect. The annual consumer price inflation rate was 4.9 per cent in both January and February, exceeding the government’s 4 per cent target. Property, meanwhile, continues its relentless march upwards. Prices of new homes rose in January from a year earlier in all but two of 70 cities monitored by central planners. Households, fearing shrinking purchasing power, are keeping more cash close at hand. Over the course of last year the share of household savings locked up in time, rather than demand, deposits fell from 62 per cent to 60. |
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rffrydr
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rffrydr
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dididing
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HenryTo
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rffrydr
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| Posted: Wed Mar 18, 2009 8:55 am Post subject: |
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Arbitrage? Or stocks as money? Market misalignments in Chinese RE:
| Quote: | The prices show bond investors doubt China’s proposed $585 billion stimulus plan will boost the economy fast enough to prevent developers from defaulting as home prices fall. Equity investors are betting house price discounts, and urbanization in a country where 570 million of 1.3 billion people live in towns or cities, will spur demand.
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http://www.bloomberg.com/apps/news?pid=20601110&sid=aSHQmoobp428
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rffrydr
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| Posted: Tue Feb 17, 2009 4:51 pm Post subject: |
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Home prices in Hong KOngs most expensive residential area had their largest decline since 1998. Prices were down 30.5% in Q4. CB Richard Ellis.
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HenryTo
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rffrydr
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| Posted: Sun Dec 16, 2007 7:57 am Post subject: |
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Infrastructure and energy costs pulling cement prices back up. But it's also one sector where govt. controls have worked:
| Quote: | INTERVIEW- Taiwan Cement sees demand-driven price gains in China next year
TAIPEI (Thomson IM) - Taiwan Cement Corp (1101.TW) expects its plant in southeast China's Guangdong province to continue to raise prices in 2008, following several increases this year, as demand keeps growing and supply remains relatively stagnant.
After an anticipated seasonal correction in the first quarter 'our delivery price at the Guangdong site may reach 420-450 yuan per metric ton in the second half of 2008', senior vice president Edward Huang said in an interview with XFN-Asia.
'Driving forces include increasing demand, flat supply and hikes in manufacturing costs such as coal,' he said.
The company's Guangdong production lines will raise their cement price by another 20 yuan to 400 yuan per ton tomorrow. Since the end of last year the price has risen in several increments from 260 yuan per ton.
'The price may fall to 370-380 yuan after the Lunar New Year (in February) due to seasonal factors but it should then recover to 400 yuan in April,' Huang said.
The peak season for cement in China usually kicks off in July after the April-June rainy season.
'The Guangdong cement price should move higher next year although the magnitude of next year's growth could be less than this year's,' he said.
Despite this year's steep rises, cement prices in China are still below average levels for east Asia.
At one stage several years ago Chinese prices hit 500 yuan per ton before the government brought in macroeconomic control measures to cool down property development.
At present, cement prices stand at around 60 usd per ton in Malaysia, 80 usd in the Philippines, 60 usd in Indonesia, 60 usd in South Korea, 70-80 usd in Japan and 55 usd in Taiwan.
Huang said cement demand in China is seen growing by 7-8 pct annually in the next three years, especially thanks to public infrastructure development.
'Total demand on the mainland is estimated at 1.32 bln tons this year compared with 1.2 bln tons last year.'
Although new, more advanced cement making equipment is coming on line in China, cement supply remains relatively flat because producers are decommissioning old equipment at the same time.
'The mainland's policy in retiring less advanced equipment is a healthy development,' said Huang. 'New equipment makes higher-quality cement and generates less environmental pollution.'
Huang said Taiwan Cement's mainland operations could double total shipments to 20 mln tons of cement and related products in 2008 as capacity expands.
The estimate assumes a contribution from Hong Kong-listed Chia Hsin Cement Greater China Holding Corp (CHCGC), which is due to merge with Taiwan Cement's Hong Kong-listed TCC International Holdings Ltd unit early next month. CHCGC will delist after the merger.
Taiwan Cement's plants in Guandong and neighboring Guangxi province are projected to raise annual cement shipments by 9 mln tons to 13.5 mln tons in 2008 as their capacity expands by 13.5 mln tons to 18 mln tons.
The Guangdong site's third production line entered service on Monday and a fourth line will be opened in February.
The first and second production lines at its Guangxi plant are slated to begin production in April, to be followed by another two lines in August next year. The four will have combined capacity of 9 mln tons per year.
Taiwan Cement has three other plants in China making cement-related products.
CHCGC's plant in eastern Jiangsu province has one cement production line with capacity of 2.2 mln tons. Plans call for a second line of the same capacity to be completed in 2009, Huang said.
At home, Taiwan Cement has annual output capacity of 10.60 mln tons.
Because the company already controls 50 pct of what is considered a mature market it has no plans to increase capacity in Taiwan. |
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rffrydr
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| Posted: Thu Oct 04, 2007 8:01 am Post subject: |
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There's more thatn a little japanese in the new China.
It was the japanese who really kicked things off by their "great hollowing out," of the dismantling (and reinventing) of Keiretsu in China--just like they wanted it back in 1938 ironically enough. And, continuing the history, after buying Rockefeller Center--doubly ironic.
That they bring their buying and selling practices with them is not surprising. That they are Asia's role-model should not be forgotten even here.
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HenryTo
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