Archive for April, 2009

30% Chinese rich live in Beijing, Shanghai, Shenzhen and Guangdong, reach 1.6 million

30% Chinese rich live in Beijing, Shanghai, Shenzhen and Guangdong, reach 1.6 million
According to media reports, by 2015 China will have more than 400 million well-off families and become the world’s fourth country which have the most number of rich men, only less than the United States, Japan and the United Kingdom. The rich home is that the annual household income reachs more than 250,000 yuan.

     At present, China’s affluent consumers mainly concentrated in the eastern and south-central region, of which 30% live in Beijing, Shanghai, Guangzhou and Shenzhen, the four cities, living in the most affluent 10 affluent urban consumers in the country’s total 50%. Expected future three-quarters of China’s “new” well-off consumers will come from four areas outside the city level, of which 33% will come from Foshan, Chengdu, Ningbo and other cities in the six secondary.

     It is worth noting that the findings show that affluent consumers in China is relatively more younger, younger 20-year-old with an average age than the United States and Japan, , of which about 80% of wealthy consumers age are below 45 years old.

China Social and Sciences Academy experts say house prices will come down 40-50%

China Social and Sciences Academy experts say house prices will come down 40-50%

Beijing has massive housing stock, because house prices are too high, resulting the idle housing in Beijing is now about 10,441,000 square meters. in April, there have 10 new sites listed in Beijing market, in February and March ther are 10 listed new building. Beijing Social Sciences Academy, Deputy Director of the Sociology Institute,Dai Jianzhong said that “experts usually think the reasonable ratio of country house price to the family annual income is 3:1 to 6:1. in Beijing in 2007 the average annual disposable income of households is 65,967 yuan.when the average house price is 15,162 yuan per square meter at the end of the year , 100 square meters in accordance with the average terms, the ratio of the price to income is 23:1,which is much higher than the standard 3:1 to 6:1. “Chinese Academy of Social Sciences,Chao haijian believe that the economic growth situation does not support housing prices rising, income levels and income growth also do not support housing prices rising, the level of urban property prices in China still have 40% to 50% of price falling space.

China should not only focus on investment eccesively

China should not only focus on investment eccesively
China can only solve short-term problem by depending on investment, long-term prosperity must rely on their own spending power, and over-investment would be made null and void for the future of Chinese extreme cases and lack of sufficient strength, under the current circumstances, the wealth put into the pockets of the people may be more important than deposited to the officials GDP figure for the future efficiency of China’s survival, in the case of excess capacity, the importance of spending power may be higher than the investment capacity.
If inflation reach a certain degree, rising oil prices will make shipping toys from China lost the competition, the whole world to re-distribute of the industry chain, maybe China having accumulated a huge production capacity would become a burden.

Chinese 2008 business leaders released ,two-thirds of private enterprises

Chinese 2008 business leaders released ,two-thirds of private enterprises
25 China’s most influential business leaders in 2008″ released the official list, Ren Zhengfei,Yu Liang, Dong Mingzhu, Yang and Ma Weihua, such as 25 famous Chinese state-owned and private entrepreneurs are selected.

Shipbuilding industry encount the cancellation peak this year

Because the spread of the financial crisis and the serious oversupply of shipping capacity of the market, the cancellation has become a big hit from this year to next year all over the world shipbuilding industry. According to the report, the cancellation tide will be a second wave, third wave this year and next year. China Shipbuilding Industry Analyst Center for Economic Research, LIANG Zhiyong said that the the majority of revocation of the new ship orders are mostly not yet entered into force, and have not yet entered a substantive stage of construction. Therefore, the short-term impact on the Shipyard is relatively limited.