Doug:
>>How is the mortgage program doing in China, Gordon?
Sorry, no comment on this , I have left china for six years and is considing to go back to china in two years, I don't hava a complete idea about this question. As the china new interest rates numbers, here are some numbers I think you might be interested:
Deposit interest rates:
6 months: New 4.14%, old 5.4%
1 year: new 5.67%, old 7.47%
2 years: new 5.94%, old 7.92%
3 years: new 6.21%, old 8.28%
5 years: new 6.66%, old 9.00%
Loan rates:
under 6 months: new 7.65%, old 9.18%
6~12 months: new 8.64%, old 10.08%
1~3 years: new 9.36%, old 10.98%
3~5 years: new 9.90%, old 11.70%
above 5 years: new 10.53%, old 12.42%
>>I think everyone I talked to was surprised that China had never had >>anything similar in its many thousands of years as a country.
I agree with you, a lot of people outside of china don't really understand what china really is, after reading lots of laughable comments about china from whom called themselves china experts, I only
have one suggestion for them: go to visit china and live there for
couples of months, they will understand what I mean.
Cheers
Gordon Shen |
