I am fear again
Posted on Dec-28-2009· by china investor
About six months ago, I wrote a listing: I am fear , I reported the price of real estate department rising craze, Now, Six months later, the price of real estate in shanghai, beijing ,shenzhen, is higher then New York, London, or Paris. If you hope living in the city of shanghai, you need pay 30000Yuan/M, it means 4200$/M, or it means if you hope living in the city, you need pay 4,000,000 Yuan for 120 M, in hot area of ShangHai, the price is 70,000 /M or 100,000 /M , it means at least $10,000/M. Last month, AIG sale their Manhattan(New York) Office , it is only $1100 /M , please remember, the salary of a normal chinese is 1/10 or 1/20 of a normal American…..
Now in china, the half amount of consumption is used to buy real estate, and we extreme lack of Social Security, if we have a cold, it will spend half of our salary! How can chinese consume like american? We do not dare consume , because we have NO MONEY!
Does I meaning we should feel fear for the price of real estate? NO!
Today,what I am fear is VEGETABLES , or FOOD.
Yesterday, I try to buy vegetables, I found the price of greengrocery is at least double of the 2 years ago! Meat, Eeg, Vegetables, Oil…., all of their price is rising crazy!
Now some official , or some real estate business who own huge money ,said china have not inflation, and some “famous economist” said from “helicopter drop of money” to inflation, there at least need one year,we are safe, and, the number told us, CPI just become positive number in last month.
OK, I do not care CPI or PPI,If we always waste huge money to duplication create factory, how can we let the price of these industry always keep rising? In my post :China, making the same mistake with Japan?, I had reported CCTV said, In current stage, we only need not mroe than 5 Polysilicon factory, but we have plan to build 80 factory …. , now in many industry , official said overcapacity is a big problem, but we still build new overcapacity, and these plan allowed by these official, WHY?
I do not care CPI or PPI, because I know now the FOOD is a problem for normal people, I am a normal person living in china, I had to face the real pain of the life, not face the number, as a normal person, I found the price of MEAT , EGG, OIL , VEGETABLS, had become a problem for me,it is not a problem in 10 years ago.
I do not care CPI or PPI, because this time,although we said we had drop 10,000,000,000,000 Yuan from our bank, but I did not get one cent, also no anyone of my friends got one cent, we only know the price of every thing rising crazy now, it had began let we face real pain in real life, We not living in numbers.
I do not care of CPI or PPI, because as a normal person, I found the price of everything (what is the basic requirement of a normal person’s life ) are still rising crazy ,the price of eggs is double of last year.
I am fear, becaue there have huge reporter said, in many many area, the price in china had over usa(now it was not a news) , but our salary is only 1/10 or 1/30 of person living usa, In many site, a little news is a worker died in BEIJING becuase hungry and sleep in the street under -10C , as a normal person still living in china, as a chinese person which love my country, I AM FEAR!
I AM FEAR!
I AM FEAR!!
I AM FEAR!!!
I AM FEAR!!!!
I AM FEAR!!!!!
There are many huge voice told us now there are not inflation, if inflation come, what will happened?
I AM FEAR.
Leave Your Comments