Tag Archives: real estate

Chinese Real Estate Party Over?

By Andrew Busch | Published: December 18, 2009

Xinhua News reported today that the government will target excessive growth in property prices in some cities. This comes on the heels of the Chinese cabinet saying that it will impose a sales tax on homes sold within 5 years. China’s Ministry of Finance has tightened rules regarding the purchasing of land, raising the minimum down payment for buyers to 50% as the government continues to clamp down on the real estate market amid growing concerns about a bubble forming in some large cities according to Xinhua.

The Ministry of Finance statement also said that developers need to pay the … …READ MORE

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Earnings, Nothing But Earnings….

By Andrew Busch | Published: March 27, 2009

With huge equity rallies from the lows across Japan, US, and China, markets are trying to decide if this is anticipation of growth or if it’s the euphoria from surviving a near economic-death experience. Unfortunately with retail sales and industrial production collapsing around the globe, it should come as no surprise that earnings for companies worldwide are a disaster.

The canaries in the global trade mine are China and Japan. Chinese growth is expected to slip to 6% this quarter as the global economy has seen a massive drop in demand for their exports. Japan is experiencing a similar situation. … …READ MORE

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