China Crisis?

Infelizmente, como dirían en Portugal, no toca hablar de la New Wave de los 80....

China hit by 1st trade deficit in 6 yrs

Deficit just a blip on the radar

The likely trade deficit in March is only a blip on the radar and will in no way hamper the nation's strong economic growth, Chen Deming, minister of commerce, told China Daily on Thursday. [...]

Chen, however, said there are still concerns over the surging prices for the commodities imported by China, along with the high unemployment rates and weak consumption power within the US and EU.

Un blip en el radar.... avisando del iceberg??

Local housing prices will jump again this year, experts predict

"The situation is crazy. Apartments near the East Fourth Ring Road that were priced at 20,000 yuan per sq m two weeks ago are now 28,000 yuan," said Jiang Zixin, 28, a Chaoyang district resident who was among the first group of visitors to flock to the 2010 Beijing Spring Real Estate Trade Fair.

20.000 yuan = aprox. 3.000 USD = 2.220 euros / m², cuando en Pekín, el salario medio de un titulado recién salido de la universidad es de poco más de 300 euros mensuales.

Official figures show that not one of the 60 Beijing property projects at the fair was offering a discount.

As many as 84.5 percent of residents believe the current housing price is "unacceptable", according to a housing investigation released by the People's Bank of China.

However, most property tycoons feel the housing price will continue to climb. At the fair's key forum held yesterday morning, property tycoons with China's top real estate businesses claimed the housing price hike would continue.

Estos chicos han hecho un master en España, fijo. Aun no han llegado al tema del aterrizaje suave...


Tic, tac, tic, tac, tic, tac.......

Música de fondo: R.E.M. It's The End Of The World As We Know It

That's great, it starts with an earthquake, ........


P.S. Ojo con el ABC (Australia, Brasil, Chile) exportadores de insumos de la construcción china