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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: skinowski who wrote (108858)6/26/2010 12:22:15 AM
From: Lee  Read Replies (1) of 110194
 
In China it depends on what skill set your looking for and where you are sourcing it. There are big differences between Beijing, Shanghai and Inland/Western. There are big difference between skilled resources and unskilled labor. China is super competitive in manufacturing for a reason.

China has a deliberate long-term model to develop their country. The focus is moving from East to West. Its not a direct compare but the difference between areas of recent focus in the East to Inland/West you might think Western Germany to Eastern Germany 20 years ago. China has a long road and will remain low cost (super competitive) for companies that follow inland. China also needs areas that have developed be a source of demand so there is consideration to develop consumers.

The real estate market in the East does have issues. On the one hand China forces 20% down payments for first time buyers and 30% to 50% deposits for additional properties, and Chinese and less likely to walk away. But real estate is considered a store of wealth so people will buy multiple properties and leave them empty (not even rent). If people loose faith in the "store of wealth" concept watch out. But this won’t be the end of China; it will just shift more of the focus at that time to exports.
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