Friday, Jul 16, 2010
Another English fellas obssessed with China boom story……………..
IPE Real Estate: No property bubble in China, says HSBC's Geoghegan
No property bubble in China, says HSBC's Geoghegan12 Jul 2010 16:35
CHINA – HSBC chief executive Michael Geoghegan has dismissed predictions of a Chinese property bubble.
"There'll be some bubbles in some places, but China is a big country, and it won't have a bubble as we understand it in the West," he told an audience at Chatham House, the London think tank.
"There may be some asset value corrections, but look at London in 2009 and real estate price increases – talk about a bubble in China."
Posted by simon68 @ 09:00 PM (818 views) Add Comment
12 Comments
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1. simon68 said...
CHINA WILL FOLLOW UK TO REQUIRE IMMIGRANTS ABLE TO SPEAK & WRITE CHINESE LANGUAGE TO BETTER INTEGRATE INTO LOCAL COMMUNITY
Immigrants to face Chinese Language test under new residency laws
Immigrants coming to China or Special Administrative Regions of Hong Kong or Macua to marry or join their partner will soon be asked to take and Chinese language test first.
All non-Asian migrants will have to demonstrate basic communication skills that enable them to deal with everyday life before receiving a visa.
The measure, due to come into force next year, will apply to spouses and unmarried couples who are already in China, Hong Kong or Macau as well as overseas applicants. Anyone wishing to come to China must first demonstrate they can speak Cantonese, Mandarin and any one Chinese Dialects in the cities they decide to reside (also write traditional Chinese characters or simplified Chinese characters) and their Chinese at the same level required for skilled workers admitted under the points-based system.
Michael Geoghegan is lucky to have stationed in Hong Kong before the implementation of new Chinese language requirement.
"HONI SOIT QUI MAL Y PENSE"
2. novice pete said...
Hello Simon,
Do you see Communist China as becoming the new Capitalist superpower? If so so do you think there will be any
repurcussions in a military sense?
3. simon68 said...
Do you know how many China soils have been snatched by foreign countries including Britain, Russia, Korea and Japan?
Vladivostok
The territory on which modern Vladivostok is located had been part of many nations, such as Balhae, Jurchen, the Mongol Empire, and China, before Russia acquired the entire Maritime Province and the island of Sakhalin by the Treaty of Aigun (1858). China, which had just lost the Opium War with Britain, was unable to act to maintain the region. The Pacific coast near Vladivostok was settled mainly by the Chinese, Jurchen, Manchu and Korean during Imperial Chinese Qing dynasty period. Jurchen, Manchu (also some Korean) are ethnic minorities in China. A French whaler visiting the Zolotoy Rog in 1852 discovered Chinese or Manchu village fishermen on the shore of the bay.
Russia did colonize half of Mongolia which used to be part of China for centuries dating back to Genghis Khan.
Without a strong military force, China is not able to protect its territories from foreign invasion. Take a look at Middle East states you should know what I mean.
4. novice pete said...
I believe China is a magnificent country, and it's people great, but beware of government manipulation as is the case with
all governments. I greatly dislike the exploitation of the working classes for the prosperity of the few. How long do we have
to keep fighting the old Imperial/Tribal disputes, it will be the end of mankind to do this.
5. novice pete said...
Of course I was being naive, we have to keep fighting until we annihilate each other.
6. montesquieu said...
@simon68
can you provide the link to the passage you quoted it isn't coming up on Google.
7. drewster said...
Simon68,
Do you have a source for that story? I can't find any reference to it.
8. simon68 said...
Naha ( Naha-shi?, Okinawan: Nāfa) is the capital city of the Japanese prefecture of Okinawa.
Naha is a coastal city located on the East China Sea coast of the southern part of Okinawa Island, the largest of the Ryukyu Islands. The modern city was officially founded on May 20, 1921, but prior to that Naha had already been for centuries one of the most important and populous sites in the Ryukyu Islands.
In Naha, some archeological relics of the Stone Age were found. Also, from a Jōmon period kaizuka (shell mound), ancient Chinese coins were found. Though it is not known just when the area first became organized as a functioning port city, it was active as such by the time of the unification of the Ryūkyū Kingdom in the early 15th century. Kumemura is traditionally believed to have been founded by thirty-six Min families sent to Ryūkyū by the Ming Chinese Imperial Court, and to be inhabited primarily or solely by descendants of those settlers; historian Uezato Takashi points out, however, that due to Naha's prominence in international maritime trade networks, it is quite likely that many other Chinese, chiefly from Fujian and other maritime trading areas along the southern Chinese coast, would have settled here as well.
Okinawa consists of people with Chinese bloods and historic artifacts (pottery, coins) indicates that it is a Chinese city for centuries but colonized by Japanese.
9. simon68 said...
That is why Japanese cling to American for its military superpower. Japanese is afraid of Chinese to claim back their lands someday…………
10. simon68 said...
I haven't talked about the British yet. Westerners should have no connection whatsoever with a piece of land million miles away from their continent accept by invasion.
11. drewster said...
But can you answer my question? (and montesquieu's question)
12. simon68 said...
Honi soit qui mal y pense (Evil to him who evil thinks).