was on bullet train from qingdao to weifang, clocking 183 km in 64 minutes, I guess w/ top speed north of 200+. Ticket price is usd 8. Train was full. Station was bright, airy, clean, and big.
Stayed at qingdao's boutique hotel w/i ex-german governor residential compound. We, party of 2, are the only two guests from offshore. The rest are domestic family vacationers driving own cars. First time I saw such tourista. Nightly charge is was 120 per standard room.
Ate dinner last night at japanese restaurant, at full capacity. We ate until close to bursting. Tab was usd 80.
The section of town was full of koreans, like Korea Town would be in usa, except more lively, as in dynamic. The clubs were hot.
Hendry's china short strategy was premised on (i) china has an ordos in inner mongolia that was empty, and (ii) china wasting bullet train infrastructure for peasants with nowhere to go.
And yet we know from yesterday's Financial Times that china mercedes, with 150 dealers in 75 cities, is opening the next distributorship in ordos given that too many customers there are buying from out of province, and we learn that china energy use just topped usa.
Btw, ordos is the next energy center of china. Gee, coincidence, mr hendry, you think?
I remain bullish on china, therefore hong kong real estate, and bearish on rmb.
I remain bearish on usa/oecd, usd/euro, and again bullish on hong kong, singapore, zurich, chf. |
