| What do you think of those drivers who kill animals on the road by accident? | |
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| Aug 23, 2012 10:00 | #31   |
 | Looking at the world economic condition, it's not impossible. The factories keep on producing and the buyers are getting smaller and fewer with stiff competition among them. Some foreign factories are searching for other places that offer cheaper rentals. Wan |
| Aug 25, 2012 22:52 | #32 |
| Quote:Originally Posted by WANHU Looking at the world economic condition, it's not impossible. The factories keep on producing and the buyers are getting smaller and fewer with stiff competition among them. Some foreign factories are searching for other places that offer cheaper rentals.Wan In China, inflation might occur because the government has put 4 trillion RMB into the market since 2008. As a result, the real estate market is booming in China. The housing prices is skyrocketing. Although the government takes some measures, the prices don't go down apparently. Now, the local governments in China now are planing to invest more money to promote further economic growth. That's why I am a bit worried. You know, the egg costs nearly 6 rmb per 500 grams. Horrible! |
| Sep 11, 2012 11:54 | #33 |
| In China eggs are sold by weight but here they are sold by grades. B grade eggs are sold at CNY12 for 30 pieces (one tray) and in wholesale hypermarket at CNY10 per tray. Only AA grades are sold at CNY20 per tray. Bloomberg reported that Hong Kong-based chairman of global markets for China said in an interview in Vladivostok (during APEC meeting). “We’re a bit concerned about food prices, we’re a bit concerned about the rebound in home prices which could reignite inflation, and if too much spending goes into the economy of course down the road we will feel the inflation pressure.” Wan |
| Sep 26, 2012 22:18 | #34 |
| Wan, They are concerned about everything but never take actions to deal with the issues properly. In 2008, the government put 4 trillions into the market. As a result, the real estate boomed and the housing prices went to its peak and never went down again even though a series of measures were taken to control the housing prices. This year, the central government didn’t print out too much money but the NDRC (national development and reform commission) has approved of many projects, aiming to curb the possibility of economic downturn. Where is the money from in order to build those projects? The local governments have to figure out a method to collect the money. I am not sure if the government notices the macro-control policies have influenced ordinary people’s lives too much. The living cost is rising quickly but people’s salaries don’t come up with the rise of the living cost. Then the government orders to increase the basic wages. However, they don’t give much help to those private companies. Some of the private companies face bankruptcy because it is too difficult for them to get loans from the banks. The banks prefer to lend money to those state-owned enterprises even though they have been suffering big losses for long time. Thanks to them, I have to pay more money for meals and rental. I am not an economist. I just think that keeping printing money is no good. Also, it is too stupid to rely on the real estate industry too much. Wan, you probably know that the local governments are happy to sell land to those real estate enterprises. It is the easy way to increase the revenue and contribute to GDP growth. |
| Sep 28, 2012 01:11 | #35 |
| Sunnydream, the local government is happy to sell land to real estate entrepreneurs, but in reality somehow it got leakage in the middle where certain individuals rake maximum profit without doing hard work. It adds salt to injury and a catalyst for a quicker recession. Wan |
| Oct 8, 2012 04:26 | #36 |
| You are right, Wan. I am not sure if you know many millionaires are born thanks to the real estate entrepreneurs. Some farmers receive a lot of money after their houses are turned down. But they lose their lands forever. Most importantly, they do not know that the real estate and government profit more than them. |
| Oct 9, 2012 12:43 | #37 |
| Once the price rockets high, it's not easy to come down and house to many of us is a necessity and not a luxury item. The government may impose tax for those having their second or third house, but they can always evade the tax by putting the names of their relatives and children. Wan |
| Oct 10, 2012 22:26 | #38 |
| Wan, How come you are so familiar with China? Last year, Ministry of Hosing and Urban-Rural Development required all local level departments to hook up and form a network in order to share each other's information. So far, 40 cities joined the network. Some cities are reluctant to join. Why? Some people don't buy houses in their cities. Instead, they buy houses on other cities. If the network is set up, it is easy to find out how many houses they have. The real estate industry contributes much to GDP growth. But it also brings much troubles. If China can't deal with it properly, economic downturn or even social unrest will occur. |
| Oct 11, 2012 19:34 | #39 |
| Through networks people can detect how many houses you have. Certain small cities there are not many house buyers as compared to certain big cities, and should the government impose on property tax, it's not easy for them to evade. Sometimes, certain companies invade other people's privacy through their email flyers. Wan |
| Oct 14, 2012 21:12 | #40 |
| Wan, Imposing on property tax is a good idea. No one can escape. But the detailed stipulations should be considered carefully. Don't let those who just have a small house burden too much. Recently, an official in Guangzhou was found out that he had 21 apartments in all. His apartments are worth around 40 million RMB. The property tax should be imposed heavily on him. I am afraid that it is difficult to implement property tax nationwidely. I believe there are more officials who have more apartments than the above guy. |
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