Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (15100)	11/8/2004 9:49:20 AM
From: RealMuLan	Read Replies (11) \| Respond to of 116555

TH >>told me that he can stand in his hotel and count 200 (I could not believe this number) cranes working on high rise buildings. << I think he was talking about Beijing, right? Because of 2008 Olympic Game, Beijing has to build/remodel a couple of dozens gymnasiums. And another thing is that Beijing, as well as plenty of big cities, do need a lot of economic/medium cost (about 5000-6000 Yuan pre sq. meter) apartment building. The other day I read that in some economic apartment complex in Beijing, the waiting list is more than 20,000 people long. That list alone may need a dozen or so 15-stories of big building to fill. And there are at least a dozen of this types of apartment complex in Beijing. And people on that waiting list have to pay a certain percent of down pay if not all the money before the construction is started. So the demand is really there. That said, there are a lot of hot money in circulation (the money from underground private banks). And also Chinese gov. can only constrain the money from the national banks. But foreign banks still keep pouring the money into China for some hot real estate development because they sense they can make big profit. Whether they will, that is a question<g> Now happy reading all those “junk” news<g>