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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (713900)	5/7/2013 10:57:02 PM
From: puborectalis	Respond to of 1583867

We must remember that China has a population of over a billion people, an urban population of about 700 million and 100 cities with over one million people. You just have to walk the streets of its cities, as we have done, to realize that there is a plethora of substandard housing and a need for urban renewal. For the right price and location, there is tremendous demand for housing in China. Apartments for sale in the US$50,000 range are affordable for many Chinese workers. With some 18 million people migrating to the cities each year and with real economic growth of 8% expected in 2013 and 8.2% in 2014,1 we think you could make a case for continued demand in this area. The government continues to plan for great urbanization and anticipates some 300 million more people will move from the rural areas into cities in the next 10 years. If we assume that each person needs a minimum of 10 square meters of living space, this trend represents a potential demand of more than three billion square meters. Many older buildings also need replacement, so that figure could magnify if even-roomier dwellings are considered. Read more: mobius.blog.franklintempleton.com