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Strategies & Market Trends : China Warehouse- More Than Crockery
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To: sammaster who wrote (3270)6/12/2004 7:18:47 PM
From: jmiller099  Read Replies (2) of 6370
 
Hi!

I lived there for about a year recently and just got back. I can fill in some detail on my experience while we see what Mr. Zhang has to say.

1..people and factories use gas driven generators?
Not that I know of.

2..that there are frequent brownouts/blackouts?
I have seen brownouts, but nothing like the south california scheduled blackout periods on rotation that I had seen before I left.

also in terms of real estate i saw a news clip where china government was selling its existing housing to the tenants for cheap but that new property is very expensive.
1... is this true?

I don't believe it is true. My apartment was quite expensive and the brochures in the apartments near me where Chinese tenants lived were of a similar cost. But what I have seen in Beijing is housins becomes scheduled for knockdown and families compensated for their home price. Unfortunately, not enough to move into housing in the same geographic location as it gets replaced with high rise luxury apartments.

2.. do you see a "Bubble" in real estate building there or is it really needed to accomodate all the people moving from rural to urban centers?

I think it accomodates the ex-pats that flood in as everyone does business in China and an extension of rural folks moving to the outskirts of the cities.

1.. do you see this trend to spend rather than save in the younger folks there, especially in consumer non-essential goods?

My friends were in the mid twenties range and seemed to be savers. Well much more than the American friends I have in our mid-twenties.

2. do you notice a lot more american retail stores popping up there?

In certain areas where high priced goods are clustered, there are many European and American retail shops.
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