Currency of the Week: Panbucks
The Word of the Week comes from the Grass-Mud Horse Lexicon, a glossary of terms created by...
housing prices
Beijing Tackles Lack of Affordable Housing
Following a rebound in the housing market, authorities in Beijing have announced its plans to...
What’s In It For China’s Mistresses?
At Aeon Magazine, James Palmer examines the practice, common among wealthy Chinese men and...
Singer Wu Hongfei Released After “Bomb Threat”
Wu Hongfei, the Beijing singer who was detained for ten days over comments she posted on her Weibo account, has been released from police custody. From the South China Morning Post: “I’m back home. Thanks for all the netizens’...
Outspoken Singer Detained Over Explosion Remarks
AP reports that Wu Hongfei, singer for the Beijing-based rock outfit Happy Avenue (幸福大街), has been detained for comments that she posted on her Weibo account: Police have detained an activist singer who wrote that she wanted to...
China Real-Estate Market Rebounds
China's real-estate market, after experiencing a 2-year recession, appears to be warming up again. The bounce has temporarily eased both domestic and international concerns over China’s slowing economy. From Bob Davis and...
Inflation and Inequality
It is a truth, Zhu Rongji acknowledged, that a country with a Gini coefficient above 0.4 may be at risk of social unrest due to severe income inequality. While China’s official figure has been hidden for over ten years,...
CDT Money: China Cuts Reserve Requirement
China’s central bank announced a reduction in the amount of cash banks must hold as reserves on Saturday, capping a week that brought more signs of a slowing Chinese economy. The reserve requirement ratio for banks will...
Property Prices See Second Consecutive Drop
In November, home prices in China continued to drop for the second consecutive month. Despite the government’s claims it was regulating the housing market, homes in over 70 cities saw the drop. The Wall Street Journal reports:...
China's Thin Margin for Error in Property Policies
Amid growing concerns about the economy and the collapse of the Euro, there are added worries that China’s campaign to deflate housing prices will go too far. While Beijing has eased credit policies to regulate inflation,...
China's New Unofficial Currency: Panbi（潘币）
As Steve Jobs’ death triggered enormous reactions from Chinese netizens, the Beijing real estate tycoon Pan Shiyi has also joined the wave by posting the following tweet on his microblog: @Pan Shiyi: Apple’s board of directors...
Hong Kong to Subsidise Housing after Public Anger
The recent boom in Hong Kong housing prices led to the discontent and frustration of many families. The government now plans to make thousands of homes available to lower income families by reinstating a revision of a housing...
Beijing Aims to Stabilize New Home Prices, Joining Other Cities in Curbs
Exorbitant housing prices have long been both a social and political problem in China. The central government has placed regulating the housing market as a top priority. Beijing, following the lead of other Chinese cities, is...
A Glimpse of China’s Middle Class (Part 2)
A report originally published in the People’s Daily takes a look at what it means to be a member of China’s middle class.
China’s Hu Vows Forceful Measures to Curb Inflation – AFP
From AFP: Chinese President Hu Jintao has vowed “forceful measures” to curb rising food prices and address a booming real estate market that has seen property prices sky-rocket, state press said Tuesday. “The central government attaches great importance to commodity prices and has made it an important task to stabilise them,” Hu said in a […]
Shenzhen Housing Boom Further Ices Up – Guangzhou Daily
An update on Shenzhen’s cooling real estate market. Translated by CDT from Guangzhou Daily: The housing sector in Shenzhen further dipped to new lows in December, according to statistics released by a research center with the Shenzhen Zhongyuan Properties (深圳中原地产深港研究中心). In the year-ending month, buyers only purchased 170,000 square meters of properties among the stock […]
Mainland Real-Estate Spending Skyrockets – Winny Wang
From Shanghai Daily: Investment in the real-estate market on China’s mainland jumped 31.4 percent in the first 10 months of this year from 2006 to a mind-blowing 1.92 trillion yuan (US$259 billion), the National Bureau of Statistics reported yesterday. About 1.37 trillion yuan was invested in residential property, rising 33.7 percent from the same period […]
Shenzhen to Herald a China Housing Meltdown? – China Business News
From China Business News, summary translation by CDT: Mr. Wang, an owner of five or six properties in Shenzhen, has felt the chill running through the pioneering city’s real estate market. Wang is busy renovating a newly purchased apartment so he can rent it out and pay off the monthly mortgage. While recently doing the […]
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