2013年7月29日星期一
2013年7月24日星期三
Lecherous national ranking China ranked fourth, while Japan is actually not on the list!
According
to Japan through reports, the U.S. men's fashion website AskMen has
announced the world's top ten national ranking lust, the results came
out on top ebullient Greece, Brazil and Russia breakdown of 2,3-name. China ranked No. 4, while Japan is actually not on the list!
According to AskMen site analysis, the Greeks since ancient times open attitude towards sex, to benefit from a Mediterranean climate and there are many local beaches and islands, Greece became the best colors of the country.
For Brazilians, like breathing normal sex, in the country can see a lot on the beach bikini girl hot body. Annual convention of carnival debut, the kind of feeling of freedom will reach climax, even the usually conservative people will become open.
Russia ranked third reason is that people like to go to bars to drink the country. China ranked No. 4 on the grounds that: In the past eight years, only opened in Beijing on the 5000 sex toys stores, and the world's sex toys are made in China with 7 Chengdu. Japan unexpectedly not on the list. (2013,7,21 "Mir communities" "Global lecherous Country list: China 4 Japan not on the list.")
Shame ah! If our ancestors got up from the ground, I really do not know the North who slapped! So many people lust, not slapped a broken fan ancestors arm? Dignified and civilized nation, dignified ceremonies, dignified five thousand years of civilization, was hit by "global lust national list" Fourth, engage in a depressed? Idler, an old beggar!
What a "Made in China"! "The world's sex toys are made in China with 7 Chengdu," the glorious achievements, the Chinese people really do not know where to put a face? Although this "ranked fourth" is not necessarily 100% accurate, but if you look now, "colorful", people there saying? Have the face to say? But this is how things happen?
Coincidentally! In today's Internet, while a "Xinhua survey:" Transaction of the power "to incriminate Just how difficult? "Jingru'll wait for this" ranked fourth "like. "Back in 1996, there are legal profession suggested that 'the right color trading' characterized as' bribery 'carry conviction blow, but has been controversial, and has been debated for 17 years, according to legal experts, the current domestic' rights Color transaction 'incriminating still faces many challenges, "is one;" 95% of corrupt officials lovers ", is the second. Oh, "train to run fast, thanks to the front with" an officer denied!
"Ruled by" education contributed! Elementary, middle, high school, there are "beast" Teacher haunt, the university not only "beast called" occasional rut, but also the boss "second wives", "keep a small three" flagrant, or Bianzhaofaer of "recruiting." So, obscene been molested, raped was raped by nurturing nurturing, well a wide variety of amazing!
From a social start, World Wind Kusakabe contributed! Paoniu money, no money for rape scandal bursts Diego exposure. Some heaven and earth, bathing room, non-rich that you enjoy Yinyue place; certain foot massage room, a roadside shop, "beauty salon" room is a little money of the people to vent lust lies. Even the handful of "Grandpa", "grandfather" generation, they did not forget to take a few dollars or tens of dollars, with about Xianyan Wang's physique, where initiates old faint. So look at the past, and both are "Wenji on dead duck"!
Start from the network, spread immorality contributed! User Pianjian, the network's endless trick prostitute, and even family networks have long been relegated trick prostitute, people can not help the creeps. Pigeon blood, pig's become a "virgin blood," seems to have become "the eighteenth century" old news. That a chaos, it has long been commonplace, depth numb!
From the "strong" start, sex toys stores contributed! Euphemistically called "health supplies store" more like public toilets, many cities is almost a "beautiful landscape." 5000 Beijing alone, there are how many? If there is no one to buy, how to survive these stores? If there is no profit, they go to hell? Smooth supply and demand can not explain? What a big market!
"Made in China" How many in the "homegrown"? Otherwise, clients are able to stand body how? Moral education is doing well? Not pale pale? How was the rule of law govern the country? Promiscuous why every day the wind blowing? Anti-vice and combat prostitution "initial results" is said to listen to the leadership or really? Is the "support" of paying close attention to the "support", or are there other answers? "Stage" to "stage" when we will end? So many question marks, but also no "top"?
China Why "crowned" Global lecherous national ranking fourth? The answer is not already in the? Oh, are we supposed to do?
According to AskMen site analysis, the Greeks since ancient times open attitude towards sex, to benefit from a Mediterranean climate and there are many local beaches and islands, Greece became the best colors of the country.
For Brazilians, like breathing normal sex, in the country can see a lot on the beach bikini girl hot body. Annual convention of carnival debut, the kind of feeling of freedom will reach climax, even the usually conservative people will become open.
Russia ranked third reason is that people like to go to bars to drink the country. China ranked No. 4 on the grounds that: In the past eight years, only opened in Beijing on the 5000 sex toys stores, and the world's sex toys are made in China with 7 Chengdu. Japan unexpectedly not on the list. (2013,7,21 "Mir communities" "Global lecherous Country list: China 4 Japan not on the list.")
Shame ah! If our ancestors got up from the ground, I really do not know the North who slapped! So many people lust, not slapped a broken fan ancestors arm? Dignified and civilized nation, dignified ceremonies, dignified five thousand years of civilization, was hit by "global lust national list" Fourth, engage in a depressed? Idler, an old beggar!
What a "Made in China"! "The world's sex toys are made in China with 7 Chengdu," the glorious achievements, the Chinese people really do not know where to put a face? Although this "ranked fourth" is not necessarily 100% accurate, but if you look now, "colorful", people there saying? Have the face to say? But this is how things happen?
Coincidentally! In today's Internet, while a "Xinhua survey:" Transaction of the power "to incriminate Just how difficult? "Jingru'll wait for this" ranked fourth "like. "Back in 1996, there are legal profession suggested that 'the right color trading' characterized as' bribery 'carry conviction blow, but has been controversial, and has been debated for 17 years, according to legal experts, the current domestic' rights Color transaction 'incriminating still faces many challenges, "is one;" 95% of corrupt officials lovers ", is the second. Oh, "train to run fast, thanks to the front with" an officer denied!
"Ruled by" education contributed! Elementary, middle, high school, there are "beast" Teacher haunt, the university not only "beast called" occasional rut, but also the boss "second wives", "keep a small three" flagrant, or Bianzhaofaer of "recruiting." So, obscene been molested, raped was raped by nurturing nurturing, well a wide variety of amazing!
From a social start, World Wind Kusakabe contributed! Paoniu money, no money for rape scandal bursts Diego exposure. Some heaven and earth, bathing room, non-rich that you enjoy Yinyue place; certain foot massage room, a roadside shop, "beauty salon" room is a little money of the people to vent lust lies. Even the handful of "Grandpa", "grandfather" generation, they did not forget to take a few dollars or tens of dollars, with about Xianyan Wang's physique, where initiates old faint. So look at the past, and both are "Wenji on dead duck"!
Start from the network, spread immorality contributed! User Pianjian, the network's endless trick prostitute, and even family networks have long been relegated trick prostitute, people can not help the creeps. Pigeon blood, pig's become a "virgin blood," seems to have become "the eighteenth century" old news. That a chaos, it has long been commonplace, depth numb!
From the "strong" start, sex toys stores contributed! Euphemistically called "health supplies store" more like public toilets, many cities is almost a "beautiful landscape." 5000 Beijing alone, there are how many? If there is no one to buy, how to survive these stores? If there is no profit, they go to hell? Smooth supply and demand can not explain? What a big market!
"Made in China" How many in the "homegrown"? Otherwise, clients are able to stand body how? Moral education is doing well? Not pale pale? How was the rule of law govern the country? Promiscuous why every day the wind blowing? Anti-vice and combat prostitution "initial results" is said to listen to the leadership or really? Is the "support" of paying close attention to the "support", or are there other answers? "Stage" to "stage" when we will end? So many question marks, but also no "top"?
China Why "crowned" Global lecherous national ranking fourth? The answer is not already in the? Oh, are we supposed to do?
Why Western woman giving birth without confinement, Chinese women must confinement?
Women after childbirth, the body will occur in all respects a series of dramatic changes, various endocrine hormone levels change, the uterus shrinks and gradually recovered to its pre-pregnancy size and shape, a variety of wound will gradually heal, and this process It takes about six weeks or so experienced, that is, modern medicine postpartum recovery time needed. If the "confinement" is the attention to environmental temperature and humidity, rest better nutrition, then there is no problem, you can in fact traditional "confinement" There are a lot of strange taboos such as: must stay in bed, you can not brush your teeth, you can not wash your hair, can not see the wind, you can not eat the fruit, and so cool. These "taboo" is entirely a product of cultural habits, a hundred harm.
So long as the attention to rest and personal hygiene, proper nutrition can be.
Incidentally, most of miscarriage tradition also Bluff.
It seems necessary to add that these "taboo" is the ancient principle of the right things happen in the case do not understand some of the superficial experience and practice. If you can not wash your hair, you can not see the wind is warm conditions because of lack of fear of pregnant women in ancient times cold, and now do not need to worry about; not bathe because prone to infection and cold bath, shower is no problem; can not brush your teeth is because most old people do not pay attention to oral hygiene, a lot of people suffering from chronic gingivitis. Because estrogen during pregnancy telangiectasia effect, will make the original gum inflammation, swelling and even the formation of gingival gingival tumor-like change, bleed easily when brushing your teeth. However, inflammation and bleeding not because brushing causes, but the original gingival inflammation worsens, more should pay attention to oral hygiene. The amount of missing limbs bedridden makes the games increased risk of venous thrombosis, and so on.
Some people say do not say I did not had a baby, not to mention you this beat and shot dead all obstetrics male doctor, who prescribes discuss the problem must be personally experienced? According to this logic, you are not in this life we can not discuss the historical problem?
Know almost users, obstetrician:
Before answering this question, you must first find out in the end what is the "confinement."
In fact, the ancient Chinese people confinement for women to do some ceremonial restrictions. Women greatest mystery is that she can nurture life, so in patriarchal ancient China, the woman had children certainly do a lot of requirements. So, you know the first confinement, it should be in the "Book of Rites", rather than what medical books, it even provides for different levels of life to a child, would be bound by etiquette are not the same. That you a civilian village women have a baby, no qualifications to sit nobles month of ladies.
Of course, with the development of Chinese medicine in these provisions on the basis of extended and some health-related provisions, and gradually formed what is now called confinement. Front said, confinement is actually a ceremonial restrictions, so in the development process rubbed into a lot of local customs, then to the present, the so-called confinement also a wide variety of requirements. So, lz question is in fact still a little problematic because confinement to mention cultural factors can not be brushed aside. However, since lz ask, but from a medical point then try to answer it.
Westerners in the end do not sit confinement? If you follow this ceremonial Chinese limits to count, then it is certainly not Westerners confinement; however, but from the medical point of view it if Westerners actually have to "confinement", the confinement Son refers puerperium recovery.
We know for a pregnant women, throughout pregnancy nine months time, various body systems have undergone great changes (not just the reproductive system of the uterus as a bigger). The so-called pregnant woman one day delivery, gestational process is long, but relatively very short delivery process, then the placenta after delivery, you need a relatively long time to make the various body systems are restored to their pre-pregnancy state, this time is puerperium, generally considered to be about six weeks. Therefore, the general Western women also need to follow-up 6 weeks postpartum to observe puerperal recovery, especially for women with obstetric complications, but should be followed up.
That Western women postpartum pay attention to what? They apparently did a lot of confinement taboos, but still some life considerations. For example, pay attention to rest, began to pay attention to small meals a period of time, high-protein diet, try breastfeeding, pay attention to the vulva clean and lochia, regulate mood and so on.
Then we have no medical basis for confinement it? First of all, in front of me said, because the development process elements rubbed into a lot of places, so confinement customs are changing, each have their own argument. I know that picking up a representative said two.
To the door closed, not ventilation. This is wrong. Because pregnant women before pregnancy, blood volume increases, the process returns to normal after delivery, the body a lot of drainage, one way is to sweat, which is called mattress sweat. So, some people speculated that the ancient people are afraid to sweat more than the wind will catch cold, and if induced puerperal infection, then the consequences are more serious. In fact, ancient people did not think so much, they are a kind of ceremonial restrictions because lowly status of women, so can not see people giving birth naturally to the door closed. In fact, this is very bad, especially in the summer, prone to postpartum heatstroke, but after sweating dry, it will not be so easy to catch cold.
Confinement can not wash your hair. There is no medical basis, I could not guess how people are racking our brains previously thought out. Puerperium pay attention to clean, wash the shower can be, not to mention shampoo.
Jichi cold. No basis. Pregnancy because of the influence by the enlarged uterus, and progesterone inhibition of smooth muscle, gastrointestinal motility is suppressed, so the post-partum period is best small meals and eat easily digestible food, this is justified. As for the cold Well, if a person digestive system is not good, if not puerperium nor should eat cold.
Month of disease. To be honest, I do not know what diseases are among the "month of disease." For women, pregnancy is significant, the entire process of childbirth postpartum, body systems completed a restart, some of dysmenorrhea, giving birth without pain; somewhat irregular menstruation, menstrual giving birth rules, which are there is a scientific basis. As for the month of falling sick will take a lifetime, this argument is rather strange. No matter what time get the disease, if not up to current medical standards can not be cured, it is a lifetime thing, what is the relationship with the month of? Like I said in front, postpartum postpartum care should do, or it may be appropriate disease, but there is nothing strange statistical sample of what proved wrong because there is no accordance with the rules "confinement" derived.
To sum up: the confinement of women is actually an ancient human bondage, as long as directed by your doctor for a good postpartum care, no need to care about those racking our brains to think out of the roads Leverage.
So long as the attention to rest and personal hygiene, proper nutrition can be.
Incidentally, most of miscarriage tradition also Bluff.
It seems necessary to add that these "taboo" is the ancient principle of the right things happen in the case do not understand some of the superficial experience and practice. If you can not wash your hair, you can not see the wind is warm conditions because of lack of fear of pregnant women in ancient times cold, and now do not need to worry about; not bathe because prone to infection and cold bath, shower is no problem; can not brush your teeth is because most old people do not pay attention to oral hygiene, a lot of people suffering from chronic gingivitis. Because estrogen during pregnancy telangiectasia effect, will make the original gum inflammation, swelling and even the formation of gingival gingival tumor-like change, bleed easily when brushing your teeth. However, inflammation and bleeding not because brushing causes, but the original gingival inflammation worsens, more should pay attention to oral hygiene. The amount of missing limbs bedridden makes the games increased risk of venous thrombosis, and so on.
Some people say do not say I did not had a baby, not to mention you this beat and shot dead all obstetrics male doctor, who prescribes discuss the problem must be personally experienced? According to this logic, you are not in this life we can not discuss the historical problem?
Know almost users, obstetrician:
Before answering this question, you must first find out in the end what is the "confinement."
In fact, the ancient Chinese people confinement for women to do some ceremonial restrictions. Women greatest mystery is that she can nurture life, so in patriarchal ancient China, the woman had children certainly do a lot of requirements. So, you know the first confinement, it should be in the "Book of Rites", rather than what medical books, it even provides for different levels of life to a child, would be bound by etiquette are not the same. That you a civilian village women have a baby, no qualifications to sit nobles month of ladies.
Of course, with the development of Chinese medicine in these provisions on the basis of extended and some health-related provisions, and gradually formed what is now called confinement. Front said, confinement is actually a ceremonial restrictions, so in the development process rubbed into a lot of local customs, then to the present, the so-called confinement also a wide variety of requirements. So, lz question is in fact still a little problematic because confinement to mention cultural factors can not be brushed aside. However, since lz ask, but from a medical point then try to answer it.
Westerners in the end do not sit confinement? If you follow this ceremonial Chinese limits to count, then it is certainly not Westerners confinement; however, but from the medical point of view it if Westerners actually have to "confinement", the confinement Son refers puerperium recovery.
We know for a pregnant women, throughout pregnancy nine months time, various body systems have undergone great changes (not just the reproductive system of the uterus as a bigger). The so-called pregnant woman one day delivery, gestational process is long, but relatively very short delivery process, then the placenta after delivery, you need a relatively long time to make the various body systems are restored to their pre-pregnancy state, this time is puerperium, generally considered to be about six weeks. Therefore, the general Western women also need to follow-up 6 weeks postpartum to observe puerperal recovery, especially for women with obstetric complications, but should be followed up.
That Western women postpartum pay attention to what? They apparently did a lot of confinement taboos, but still some life considerations. For example, pay attention to rest, began to pay attention to small meals a period of time, high-protein diet, try breastfeeding, pay attention to the vulva clean and lochia, regulate mood and so on.
Then we have no medical basis for confinement it? First of all, in front of me said, because the development process elements rubbed into a lot of places, so confinement customs are changing, each have their own argument. I know that picking up a representative said two.
To the door closed, not ventilation. This is wrong. Because pregnant women before pregnancy, blood volume increases, the process returns to normal after delivery, the body a lot of drainage, one way is to sweat, which is called mattress sweat. So, some people speculated that the ancient people are afraid to sweat more than the wind will catch cold, and if induced puerperal infection, then the consequences are more serious. In fact, ancient people did not think so much, they are a kind of ceremonial restrictions because lowly status of women, so can not see people giving birth naturally to the door closed. In fact, this is very bad, especially in the summer, prone to postpartum heatstroke, but after sweating dry, it will not be so easy to catch cold.
Confinement can not wash your hair. There is no medical basis, I could not guess how people are racking our brains previously thought out. Puerperium pay attention to clean, wash the shower can be, not to mention shampoo.
Jichi cold. No basis. Pregnancy because of the influence by the enlarged uterus, and progesterone inhibition of smooth muscle, gastrointestinal motility is suppressed, so the post-partum period is best small meals and eat easily digestible food, this is justified. As for the cold Well, if a person digestive system is not good, if not puerperium nor should eat cold.
Month of disease. To be honest, I do not know what diseases are among the "month of disease." For women, pregnancy is significant, the entire process of childbirth postpartum, body systems completed a restart, some of dysmenorrhea, giving birth without pain; somewhat irregular menstruation, menstrual giving birth rules, which are there is a scientific basis. As for the month of falling sick will take a lifetime, this argument is rather strange. No matter what time get the disease, if not up to current medical standards can not be cured, it is a lifetime thing, what is the relationship with the month of? Like I said in front, postpartum postpartum care should do, or it may be appropriate disease, but there is nothing strange statistical sample of what proved wrong because there is no accordance with the rules "confinement" derived.
To sum up: the confinement of women is actually an ancient human bondage, as long as directed by your doctor for a good postpartum care, no need to care about those racking our brains to think out of the roads Leverage.
China's economic growth(GDP) is below 6% probability event
Nomura Holdings (Nomura) said that next year China's economic growth below 6% probability of 10% -20%. A week ago the bank China 2014 GDP (GDP) growth forecast to 7%.
The bank said that they believe next year China's economic growth is no longer than 6% 5% of the small probability event, the Chinese economy is facing financial leverage, pollution, social tensions, and many other pressures.
Investment banks lowered China's economic growth is expected. Nomura last week, China's GDP growth in 2014 is expected to decrease from 7.5% to 6.9%. Previously published official data showed China's second-quarter economic growth of 7.7% from the first quarter slowed to 7.5%. In contrast, JP Morgan Chase (JP Morgan) and Standard Chartered (Standard Chartered) for next year China's economic growth is expected to 7.7% and 7.2% respectively.
Nomura noted that in this context the riskiest investment market is not even China Asia-Pacific stock markets (a series of weak economic data has led to China's stock market plunge), but those who demand sensitive mining and energy sectors account for a large market weight such as Brazil and the United Kingdom.
The bank said that the next most severe shocks may be metals and mining stocks. In a few years after the outbreak of the economic crisis, due to massive fiscal stimulus measures artificially pushed up China's demand, global mining companies have invested heavily in order to increase productivity. If China needs to slow further in the corresponding time period of these investments will be less likely to continue to profit.
The bank said that they believe next year China's economic growth is no longer than 6% 5% of the small probability event, the Chinese economy is facing financial leverage, pollution, social tensions, and many other pressures.
Investment banks lowered China's economic growth is expected. Nomura last week, China's GDP growth in 2014 is expected to decrease from 7.5% to 6.9%. Previously published official data showed China's second-quarter economic growth of 7.7% from the first quarter slowed to 7.5%. In contrast, JP Morgan Chase (JP Morgan) and Standard Chartered (Standard Chartered) for next year China's economic growth is expected to 7.7% and 7.2% respectively.
Nomura noted that in this context the riskiest investment market is not even China Asia-Pacific stock markets (a series of weak economic data has led to China's stock market plunge), but those who demand sensitive mining and energy sectors account for a large market weight such as Brazil and the United Kingdom.
The bank said that the next most severe shocks may be metals and mining stocks. In a few years after the outbreak of the economic crisis, due to massive fiscal stimulus measures artificially pushed up China's demand, global mining companies have invested heavily in order to increase productivity. If China needs to slow further in the corresponding time period of these investments will be less likely to continue to profit.
How To Buy Product From China Without Losing Your Shirt
Despite the media having proclaimed China dead for product
outsourcing, I seem to be getting many new clients doing exactly that.
Interestingly, many of these new clients have been outsourcing for years
from China and they are contacting us now because they want to tighten
up their relationships with existing supplier or because they are ready
to move on to a new one.
Having gone through my “buying product in China” spiel so often of late, I figured I might as well just put it into a blog post.
I tell them that there are two things we as China lawyers can do to assist them: one, draft an OEM Agreement that will help protect them from problems with their Chinese supplier(s) and two, make sure they have properly registered their IP so as to protect them from everyone else.
Having gone through my “buying product in China” spiel so often of late, I figured I might as well just put it into a blog post.
I tell them that there are two things we as China lawyers can do to assist them: one, draft an OEM Agreement that will help protect them from problems with their Chinese supplier(s) and two, make sure they have properly registered their IP so as to protect them from everyone else.
Mexico is trying to get high-tech companies to move from China to Mexico
Mexico is trying to get high-tech companies to move from China to Mexico. Would you buy an #Apple product if it where made in Mexico? Plenty of high-tech companies do business in Mexico. #Bombardier (Aerospace/Transportation) of Canada has two plants in Mexico. General Motors is making its iconic #Silverado pickups in central Mexico’s State of Guanajuato. Mexican manufacturing offers first-world productivity and quality at third-world wages.
Much of the products built in Mexico are bought by the country’s expanding middle class. But about 80 percent are for export, primarily to the United States.
What do you think? Would you rather by a product made in #China or #Mexico?
Much of the products built in Mexico are bought by the country’s expanding middle class. But about 80 percent are for export, primarily to the United States.
What do you think? Would you rather by a product made in #China or #Mexico?
The world's tallest building will be build in Changsha China
Changsha, China will build the world's tallest building, a 220-storey skyscraper will be built next year in March. Building entitled "Building afar." World's tallest building "Sky City" underground six layers, ground 202 floors, 838 meters, the contract price over 5 billion. April next year is expected to cap, five in June and stay. L
1-6, 1-5 layers of basement floor to schools, kindergartens, homes for
the elderly, health care hospital ,6-15 storeys of office space, 16-170
layer were small apartments, mid-range apartments, luxury apartments,
located 171-202 layer.
838 meters high in the sky than the current world's tallest city, 迪拜哈利法塔 (Burj Khalifa) 830 米 even higher. Approximately 1,022,000 square meters of Laputa amazing than its height or appearance, but its four months of construction construction plans will be started by the end of this year. Developers claim that this building can be anti-9 earthquake.
Yuanda Group, an executive officer of the "architecture magazine" (Construction Week) magazine said: Responsible for assembling skyscraper company "Broad Group" plans to use 95% of the prefabricated modules, like Lego bricks to build the same rent, in order to achieve this crazy construction speed. "Sky City" will start building the moon in January, the workers "will enable building up five floors every day."
In the past few years, Chinese media rumors swirling actual construction is super tower was 210 days, but the Broad Group's senior denied this.
To build this building, Sky City needs 220,462 tons of steel, cost per square meter is $ 1,500 (about 9,300 yuan), compared Bidibaita $ 15,000 per square meter (about 93,000 yuan) of the costs, which seems to be a premium product. Laputa seismic rating is designed to 9.0, 31,400 people living in this luxury can be mixed or low-income areas. In addition, the designer plans to implement multiple skyscrapers school system, as well as offices, retail shops, restaurants and hospitals.
2012, Yuanda Group demonstrated using the same modular construction method took only 15 days they built a 29-storey building.
People's Daily published an article entitled "Why Chinese people love to build skyscrapers," the article. The article says: The building was built so high, lofty whether the technology can be built has matured, the ability to do the responsible construction safety, reliability, people questioned.
838 meters high in the sky than the current world's tallest city, 迪拜哈利法塔 (Burj Khalifa) 830 米 even higher. Approximately 1,022,000 square meters of Laputa amazing than its height or appearance, but its four months of construction construction plans will be started by the end of this year. Developers claim that this building can be anti-9 earthquake.
Yuanda Group, an executive officer of the "architecture magazine" (Construction Week) magazine said: Responsible for assembling skyscraper company "Broad Group" plans to use 95% of the prefabricated modules, like Lego bricks to build the same rent, in order to achieve this crazy construction speed. "Sky City" will start building the moon in January, the workers "will enable building up five floors every day."
In the past few years, Chinese media rumors swirling actual construction is super tower was 210 days, but the Broad Group's senior denied this.
To build this building, Sky City needs 220,462 tons of steel, cost per square meter is $ 1,500 (about 9,300 yuan), compared Bidibaita $ 15,000 per square meter (about 93,000 yuan) of the costs, which seems to be a premium product. Laputa seismic rating is designed to 9.0, 31,400 people living in this luxury can be mixed or low-income areas. In addition, the designer plans to implement multiple skyscrapers school system, as well as offices, retail shops, restaurants and hospitals.
2012, Yuanda Group demonstrated using the same modular construction method took only 15 days they built a 29-storey building.
People's Daily published an article entitled "Why Chinese people love to build skyscrapers," the article. The article says: The building was built so high, lofty whether the technology can be built has matured, the ability to do the responsible construction safety, reliability, people questioned.
Foreign satellite images show China has ghost towns all over, really?
U.S. Business Insider March 5 website has published an article entitled "China's ghost terror new photos" article. The
paper quoted the U.S. CBS (CBS) TV "60 Minutes" column a program,
called China's many ghost towns will become notorious big disaster.
This prediction is China's largest real estate Vanke's CEO to accept the "60 Minutes" interview, the talk, he told reporters a lot of real estate debt, many real estate project was abandoned, and soon the situation might become more worse. The most frightening prospect is that the imaging situation may evolve as the U.S. housing market, mortgage crisis even worse.
Recently, this article was causing concern. "Ghost town around the pretty, but three years Soros guessed China", "Chinese foreign satellite images show a ghost town around Zhengzhou New District has the largest ghost town" and other titles shocking. However, the situation is really true?
Chung Dong New Area, "the greatest ghost town"?
Foreign satellite images show China has ghost towns all over, really?
Newly built Zhengdong New District
In the "60 Minutes" column, financial analysts Shitaluoke said, "I think China wants to build an annual 12-24 Metro." Moderator visited Zhengdong New District, discovered the "many many many miles stretching empty building," there is a vacancy for three years allegedly mall. No video shows mall merchants settled, but close to KFC, Starbucks, ZARA and other brands of signs. Chairpersons considered Zhengdong New woeful.
In fact, as early as the end of 2010, the United States announced a website Zhengdong New satellite images, and to judge from the picture, this is just "a vacancy accumulation" may be China's largest "ghost town."
In January this year, "People's Daily" wrote an article on this argument to refute. Reporters visited the site found in the population and a lot of Zhengdong New District. According to local police data, at present, Zhengdong New District resident population of 32 million people.
The data comes from Chung Dong New Area Administrative Committee, after eight years of construction, the current Zhengdong New District 5 functional areas have been gradually established and improved. CBD has become a veritable "24 never sleeps": inner and outer ring of 22 residential planning and construction, the current occupancy rate above 90%; personnel-intensive storied building, waiting for the elevator on average more than three minutes; night, many communities parking spaces All parked; Zhengdong New District area opened B19, B16, 26 road bus every morning and evening rush hour on, not on the often crowded.
Kay, who lives in the palace of the very fact of platinum, said: "I was watching Zhengdong New District developed the past two years more and more prosperous, and if someone says this is the 'ghost town', I do not agree!"
In addition, located in Shanghai Songjiang Thames Town is also unfortunate enough to be "60 Minutes" included "ghost town" in the column ......
Foreign satellite images show China has ghost towns all over, really?
Thames town visitors
Foreign satellite images show China has ghost towns all over, really?
Thames Town in wedding photographs visitors
Yunnan Chenggong is a "ghost town"?
Foreign satellite images show China has ghost towns all over, really?
Chenggong building vacancy rate is still high
Shitaluoke case of a ghost town which describe China Chenggong District: "Entering into the city like a forest of high-rise towers, but these are all high-rise buildings are vacant."
Relative to the Kunming city road congestion unbearable situation, Chenggong New Area, it appears empty streets, the U.S. "Foreign Policy" magazine will also be here to become a "ghost town."
"Life News" reporter had visited in June this year, Yunnan Chenggong. According to the local government construction workers revealed that, on the outside can not find a place to eat, only to municipal canteen. "How many people did not live, a lot of houses are empty lot, actually." Uncle who is walking, said: "there is no surrounding markets and supermarkets, grocery shopping can only go to the convenience store, very expensive! Twelve onions sold for a dollar, more expensive than the city. "
However, Yunnan University professor Xu Guangyuan disagree "ghost town" argument. "Chenggong New Area, some problems do exist, but it does not conclude accused as being 'ghost town'." He believes that "ghost town," one said to be reading too much: "In the Land of the auction there are some institutional problems, real estate developers exist a certain degree of rash. "
Chenggong New Area residential buildings for low occupancy situation, Xu Guangyuan said it was forced to go through a phase of "Kunming people still working life gravity main city, moved to Chenggong need time to adapt, Chenggong prosperity is just around the corner . "
Foreign satellite images show China has ghost towns all over, really?
Chenggong city (left) and secondary (Right)
Erdos Kamba even, Erlian, Changsha, Hunan, Henan Xinyang ......
In addition to the well-known Erdos Kamba even Area, Business Insider website that Erlianhaote, Changsha, Hunan, Henan Xinyang have a "ghost town" exists. As shown below:
Foreign satellite images show China has ghost towns all over, really?
"In the periphery of Inner Mongolia, Erlianhaote established in the desert in this city, most of the buildings are not completed, or not yet inhabited."
Foreign satellite images show China has ghost towns all over, really?
"In Hunan, Changsha City is constantly expanding from west to east, the city is large enough to have twice the size of Los Angeles."
In Hunan Province, Changsha City is constantly expanding from west to east, the city is large enough to have twice the size of Los Angeles.
"Close watch Changsha periphery of vacant buildings."
Foreign satellite images show China has ghost towns all over, really?
"In Xinyang, there are some great buildings were vacant."
"Ghost Town" is a big problem do?
For "60 Minutes" this program, the fund manager Mark Mobius (Mark Mobius) 5 7th at Business Insider website author, expressed a different view. Mobius has three decades of investment experience in emerging markets.
Mobius believes is true that China does exist poor planning and excessive construction, this can not be regarded as a universal problem.
Mobius said, "We must remember that China is a country with more than 10 million people in a country is about 700 million urban population, there are 100 urban population of over a million and you only need to walk the streets of these cities , you will find a large number of dilapidated buildings, urban renewal is needed if the price and location are reasonable, so the demand for housing is enormous. ...... With Each year, about 18 million people moved into the city, with 8% in 2013 and 2014 economic growth rate of 8.2%, we have every reason to believe that the demand for new housing will continue. "
"The Chinese government is also promoting urbanization over the next 10 years, about 300 million people moved into the cities from the countryside, if we assume that each person requires a minimum of 10 square meters of housing area, then the area of the potential demand for housing up to 30 million square meters. Lot old buildings need to create, so the actual demand may be even higher. "
"I've seen how quickly investors become thoughts, and I often find that when everyone is worried about the headlines for a while, the potential bargaining space opens up. China's new government is an orderly manner towns technology, will usher in more suitable areas for China's investment ...... I am optimistic about the long-term prospects.
This prediction is China's largest real estate Vanke's CEO to accept the "60 Minutes" interview, the talk, he told reporters a lot of real estate debt, many real estate project was abandoned, and soon the situation might become more worse. The most frightening prospect is that the imaging situation may evolve as the U.S. housing market, mortgage crisis even worse.
Recently, this article was causing concern. "Ghost town around the pretty, but three years Soros guessed China", "Chinese foreign satellite images show a ghost town around Zhengzhou New District has the largest ghost town" and other titles shocking. However, the situation is really true?
Chung Dong New Area, "the greatest ghost town"?
Foreign satellite images show China has ghost towns all over, really?
Newly built Zhengdong New District
In the "60 Minutes" column, financial analysts Shitaluoke said, "I think China wants to build an annual 12-24 Metro." Moderator visited Zhengdong New District, discovered the "many many many miles stretching empty building," there is a vacancy for three years allegedly mall. No video shows mall merchants settled, but close to KFC, Starbucks, ZARA and other brands of signs. Chairpersons considered Zhengdong New woeful.
In fact, as early as the end of 2010, the United States announced a website Zhengdong New satellite images, and to judge from the picture, this is just "a vacancy accumulation" may be China's largest "ghost town."
In January this year, "People's Daily" wrote an article on this argument to refute. Reporters visited the site found in the population and a lot of Zhengdong New District. According to local police data, at present, Zhengdong New District resident population of 32 million people.
The data comes from Chung Dong New Area Administrative Committee, after eight years of construction, the current Zhengdong New District 5 functional areas have been gradually established and improved. CBD has become a veritable "24 never sleeps": inner and outer ring of 22 residential planning and construction, the current occupancy rate above 90%; personnel-intensive storied building, waiting for the elevator on average more than three minutes; night, many communities parking spaces All parked; Zhengdong New District area opened B19, B16, 26 road bus every morning and evening rush hour on, not on the often crowded.
Kay, who lives in the palace of the very fact of platinum, said: "I was watching Zhengdong New District developed the past two years more and more prosperous, and if someone says this is the 'ghost town', I do not agree!"
In addition, located in Shanghai Songjiang Thames Town is also unfortunate enough to be "60 Minutes" included "ghost town" in the column ......
Foreign satellite images show China has ghost towns all over, really?
Thames town visitors
Foreign satellite images show China has ghost towns all over, really?
Thames Town in wedding photographs visitors
Yunnan Chenggong is a "ghost town"?
Foreign satellite images show China has ghost towns all over, really?
Chenggong building vacancy rate is still high
Shitaluoke case of a ghost town which describe China Chenggong District: "Entering into the city like a forest of high-rise towers, but these are all high-rise buildings are vacant."
Relative to the Kunming city road congestion unbearable situation, Chenggong New Area, it appears empty streets, the U.S. "Foreign Policy" magazine will also be here to become a "ghost town."
"Life News" reporter had visited in June this year, Yunnan Chenggong. According to the local government construction workers revealed that, on the outside can not find a place to eat, only to municipal canteen. "How many people did not live, a lot of houses are empty lot, actually." Uncle who is walking, said: "there is no surrounding markets and supermarkets, grocery shopping can only go to the convenience store, very expensive! Twelve onions sold for a dollar, more expensive than the city. "
However, Yunnan University professor Xu Guangyuan disagree "ghost town" argument. "Chenggong New Area, some problems do exist, but it does not conclude accused as being 'ghost town'." He believes that "ghost town," one said to be reading too much: "In the Land of the auction there are some institutional problems, real estate developers exist a certain degree of rash. "
Chenggong New Area residential buildings for low occupancy situation, Xu Guangyuan said it was forced to go through a phase of "Kunming people still working life gravity main city, moved to Chenggong need time to adapt, Chenggong prosperity is just around the corner . "
Foreign satellite images show China has ghost towns all over, really?
Chenggong city (left) and secondary (Right)
Erdos Kamba even, Erlian, Changsha, Hunan, Henan Xinyang ......
In addition to the well-known Erdos Kamba even Area, Business Insider website that Erlianhaote, Changsha, Hunan, Henan Xinyang have a "ghost town" exists. As shown below:
Foreign satellite images show China has ghost towns all over, really?
"In the periphery of Inner Mongolia, Erlianhaote established in the desert in this city, most of the buildings are not completed, or not yet inhabited."
Foreign satellite images show China has ghost towns all over, really?
"In Hunan, Changsha City is constantly expanding from west to east, the city is large enough to have twice the size of Los Angeles."
In Hunan Province, Changsha City is constantly expanding from west to east, the city is large enough to have twice the size of Los Angeles.
"Close watch Changsha periphery of vacant buildings."
Foreign satellite images show China has ghost towns all over, really?
"In Xinyang, there are some great buildings were vacant."
"Ghost Town" is a big problem do?
For "60 Minutes" this program, the fund manager Mark Mobius (Mark Mobius) 5 7th at Business Insider website author, expressed a different view. Mobius has three decades of investment experience in emerging markets.
Mobius believes is true that China does exist poor planning and excessive construction, this can not be regarded as a universal problem.
Mobius said, "We must remember that China is a country with more than 10 million people in a country is about 700 million urban population, there are 100 urban population of over a million and you only need to walk the streets of these cities , you will find a large number of dilapidated buildings, urban renewal is needed if the price and location are reasonable, so the demand for housing is enormous. ...... With Each year, about 18 million people moved into the city, with 8% in 2013 and 2014 economic growth rate of 8.2%, we have every reason to believe that the demand for new housing will continue. "
"The Chinese government is also promoting urbanization over the next 10 years, about 300 million people moved into the cities from the countryside, if we assume that each person requires a minimum of 10 square meters of housing area, then the area of the potential demand for housing up to 30 million square meters. Lot old buildings need to create, so the actual demand may be even higher. "
"I've seen how quickly investors become thoughts, and I often find that when everyone is worried about the headlines for a while, the potential bargaining space opens up. China's new government is an orderly manner towns technology, will usher in more suitable areas for China's investment ...... I am optimistic about the long-term prospects.
2013年7月23日星期二
Imports of French wine get worse
China's imports of French wines have fallen amid fears that a trade spat between the European Union and China - the world's fifth-largest wine market - might lead to higher import tariffs on European wine.
During the first five months, wine imports rose 10.6 percent year-on-year to $660 million, according to the China Chamber of Commerce for Imports and Exports of Foods, Native Produce and Animal Products.
But French wine imports fell 9.3 percent to $280 million, even as wine purchases from other countries such as Spain, Italy, the United States and Australia registered gains of more than 30 percent.
The chamber, which is affiliated with the Ministry of Commerce, said that although French wine imports still account for the highest share, at 46.3 percent, "its monopoly advantage has largely weakened".
Imports of French wine go sour
Last month, China launched an anti-dumping investigation into European wine, in the wake of the EU move to impose and increase punitive tariffs on Chinese-made solar panels.
The investigation, wine distributors said, could lead to a substantial increase in duties.
Some distributors adopted a "wait-and-see" approach, while others are looking at other countries for business opportunities.
Denis Wang, general manager of a Shandong-based wine importer, stopped importing French wine several months before the trade spat.
"Trade disputes between the EU and China never end, so when China's exports of solar panel products hit the rocks in Europe, we knew imported wine tariffs were in the pipeline," said Wang, who cleared his stock of French wines last month and started to import wines from South Africa instead.
Most of China's imports of European wine come from France, Spain, Italy and Germany, according to the Ministry of Commerce. Currently, the composite tax rate of imported wine is fixed at 48 percent of the declared value.
A punitive tariff would be added to that rate if China's probe concludes unfavorably for the EU.
A sales manager at a French wine importer in Shanghai, who asked to remain anonymous, said he had heard from government contacts that the duties are already in progress and are likely to be charged in September.
"The big beneficiaries could be countries producing the 'New World' wines, such as Chile and New Zealand, which have free trade agreements with China," he said.
But he said the trade spat has had no impact on his business, because he has filled at least 20 shipping containers with wines.
During the first five months, wine imports rose 10.6 percent year-on-year to $660 million, according to the China Chamber of Commerce for Imports and Exports of Foods, Native Produce and Animal Products.
But French wine imports fell 9.3 percent to $280 million, even as wine purchases from other countries such as Spain, Italy, the United States and Australia registered gains of more than 30 percent.
The chamber, which is affiliated with the Ministry of Commerce, said that although French wine imports still account for the highest share, at 46.3 percent, "its monopoly advantage has largely weakened".
Imports of French wine go sour
Last month, China launched an anti-dumping investigation into European wine, in the wake of the EU move to impose and increase punitive tariffs on Chinese-made solar panels.
The investigation, wine distributors said, could lead to a substantial increase in duties.
Some distributors adopted a "wait-and-see" approach, while others are looking at other countries for business opportunities.
Denis Wang, general manager of a Shandong-based wine importer, stopped importing French wine several months before the trade spat.
"Trade disputes between the EU and China never end, so when China's exports of solar panel products hit the rocks in Europe, we knew imported wine tariffs were in the pipeline," said Wang, who cleared his stock of French wines last month and started to import wines from South Africa instead.
Most of China's imports of European wine come from France, Spain, Italy and Germany, according to the Ministry of Commerce. Currently, the composite tax rate of imported wine is fixed at 48 percent of the declared value.
A punitive tariff would be added to that rate if China's probe concludes unfavorably for the EU.
A sales manager at a French wine importer in Shanghai, who asked to remain anonymous, said he had heard from government contacts that the duties are already in progress and are likely to be charged in September.
"The big beneficiaries could be countries producing the 'New World' wines, such as Chile and New Zealand, which have free trade agreements with China," he said.
But he said the trade spat has had no impact on his business, because he has filled at least 20 shipping containers with wines.
Again collective force foreign private investment in Chinese real estate
In the PE industry a bleak sound, frequent flashes of foreign real estate funds often appear generous figure and raise investment to break the industry's deserted. After more than a year to be forgotten, with a foreign background in real estate funds were again dominant in the Chinese market, its performance naturally conspicuous exception. Like Blackstone, Carlyle, Warburg Pincus, CITIC Capital, etc. in the real estate funds have recently had a breakthrough.
Foreign institutional investors towards the attitude of China's real estate market is undoubtedly an important benchmark. In the past few years, foreign funds have invested in China's real estate market in "a few into a few", and that often Tazhun opportunity to earn pours, overwhelmed by the concentration of force, rather in the financial crisis once again force Chinese real estate market posture.
It is noteworthy that the investment strategy, foreign real estate funds have been some adjustments, almost uniform to the eyes turned to the direction of commercial real estate.
Foreign win another harbinger
June 17, CITIC Capital Holdings Limited announced that its fourth REITs - CITIC Capital China Retail Property Fund has successfully completed an offering of the fund amounted to 683 million U.S. dollars , exceeding its original $ 600 million fund-raising goal .
CITIC Capital, Chairman and CEO Zhang Yi Chen said: "The fund existing and new entrants to obtain a highly recognized investor, the investor's positive feedback proved that the market for competitive high demand for real estate investment strategy."
Similarly, some other big institutional investors have also raise new funds through demonstrating its interest in investing in the real estate market. Foreign media reported that investment in real estate has become one of the world's largest private equity firm Blackstone Group, plans to raise $ 4 billion real estate fund, specializing in investing in China and other Asian markets.
It is the first time Blackstone only focus on the Asian market, real estate funds, $ 4 billion of the target size is the group's funding initially revealed twice the size. In addition, the Fund will become Asia's largest real estate fund. With the company's global and European funds like, this new Asia fund will have the flexibility to invest in a variety of stocks and bonds, real estate companies.
July 2 CMA, said the company will set up a $ 1 billion private equity fund for investment in China's retail commercial real estate development, which is established by CMA far the largest real estate fund.
In addition to raising funds frequently in the amazing performance, these real estate funds were invested in the project also demonstrated a very active posture.
A detail is optimistic about the Chinese real estate whether problems in the Boao Forum this year from the 12 leading domestic and foreign investment institutions have 10 firm responsible person said they saw a show of hands, only Terra Firma CFO ChrisB arnes think China Real Estate In the formation of foam. Blackstone Group Senior Managing Director, Greater China chairman Antony Leung said, "Blackstone is very optimistic about China's long-term performance of the real estate investment a lot, in addition to residential real estate, the other with the real estate-related logistics also have a lot of opportunities."
Recently, Jones Lang LaSalle monitoring also confirms the real estate market in favor of foreign investors in China's judgment. Jones Lang LaSalle released "global capital flows," the report specifically on the Asia Pacific Commercial Real Estate noted that the first quarter of this year, with Japan, China, Hong Kong, Australia, three of the most popular real estate investment areas are mainly local investors, the Chinese market benefits to promote a large number of cross-border transactions. "Mainland China has made $ 3.6 billion investment in trading volume (up 62% QoQ, flat year on year), mainly due to a large number of cross-border transactions to promote in the first quarter of 2013, the share of cross-border transactions rose to the total transaction about 65% of the amount. "
These hundreds of billions yuan of funds frequently flashed with Chinese PE industry currently deserted landscape in stark contrast.
Or commercial real estate
"In fact, foreign funds have been relatively optimistic about investment opportunities in China's real estate market, after lackluster mainly affected by the financial crisis, the fund-raising and investment are entered into the trough phase, the past two years, many foreign funds are raising new funds However, the global financial crisis and the European debt crisis, the fund-raising slowed, so the foreign funds over the past two years, it is relatively 'low-key' up. "one yuan real estate fund partner said.
In fact, the number of foreign real estate fund, told reporters that China's real estate market in its judgment has not happened fundamental change, investment in "a few into a few" mainly by their own fund-raising as well as the Chinese market valuation of investment targets factors, showing ups and downs. The concern is that in foreign real estate fund investment strategy there have been some adjustments, almost uniform to the eyes turned to the direction of commercial real estate.
CITIC Capital Real Estate Fund since the end of 2011, after completion of the first round of recruitment, the fund has been successful in its development of the three projects to invest about $ 250 million in funding, including Changsha, Hunan Yue, ID Mall, and will commence in the third quarter located in Hefei, Anhui and Shanghai, two development projects. The fund plans to further invest in the next four to five retail real estate projects, investment in the region focus on the radiation surrounding areas, retail property amenities huge space for development of domestic second-tier cities.
The Carlyle Group announced the acquisition at the end of Suzhou impression of the city and Hangzhou Gudun impression of the city 49 percent stake. This two regional integrated shopping center shopping mall developed by the Chinese operators set SZITIC supplier owned and managed. The investment by the Carlyle Asia Real Estate Fund team to implement.
Carlyle Group Managing Director, Head of Carlyle Asia Real Estate Fund Lee Jun Huan said: "At present, China's household disposable income is growing, sustainable urbanization, demographic change, the government is also working to boost domestic demand, these factors will continue to promote the development of China's retail industry, such as Impressionism City Mall retail property rents and capital values have a positive impact on our rapid development of China's retail sector confidence. "
Real estate investment in China has earned pours of Warburg Pincus, there are three pen transactions in the real estate industry announced this year, which is in the country this year, Warburg Pincus publicly announced all investment projects. Announced at the beginning of investment in real estate related companies with prosperous industry, Cube Hotel Management, but by the end of June announced plans to invest another commercial retail enterprises in Chongqing Sand Boat Industry (Group) Company Limited. The three companies are also almost all commercial real estate-related projects.
The foreign real estate fund believes that the national per capita GDP is $ 5,000 to $ 20,000 in the period between that real estate is a growth industry, and the residential real estate sector in only a small category. U.S. residential real estate company listed on the few, mainly logistics real estate, commercial real estate, etc., commercial real estate can provide relatively stable cash flow, which is our current areas of concern.
In fact, many large foreign PE sector investment strategies, real estate has not been listed as a separate division of the field, but was incorporated into the consumer retail sector, it will be more of a real estate business combined with its consumer retail areas ability to be judged.
A foreign real estate fund stakeholders frankly, on the mainland residential market has basically not touch, the risk is too large.
Needless to say, the last few years, residential real estate projects have been reflected in the strong macro-control law-abiding, while commercial real estate is ushered in rapid development period, the urban complex over the sky became a rapid development of commercial real estate miniature. And one time, commercial real estate bubble of the discussion rampant, and even publicly Zhang Xin also said in an interview, China's commercial real estate has no future, and she turned to become New York general building shareholder.
For foreign funds, they prefer domestic cities such relatively mature market; addition, urban complexes, shopping malls and other commercial real estate projects, second-tier cities are more biased in favor of the core quality assets, after all, the core quality first-tier cities business assets can be traded very limited, and second and third tier cities is still in a process of rapid urbanization, including further changes in consumer habits, an increase in personal disposable income and other factors are valued by foreign funds.
The end of June, Shanghai Baoshan Wanda Plaza in the opening day, because the flow of people to come shopping and spending excessive, resulting in a local transaction congestion. Baoshan Wanda Plaza is Wanda Group in Shanghai following the Wujiaochang Zhoupu, jiangqiao after the fourth city complex. These are signs that investors still believe that there is great potential for the commercial real estate space to be tapped.
From foreign funds investing in commercial real estate model point of view, based on commercial real estate itself, mainly in order to carry out a specific project investment operations, and less to invest in a platform-based commercial real estate firm; while shopping in addition to purely commercial class real estate, the logistics real estate, tourism and real estate-related projects are also subject to commercial real estate investment class people of all ages.
Of course, foreign investment in commercial real estate investment opportunities wantonly Nuggets, the local real estate fund development momentum also not be underestimated, local RMB real estate fund this year there have been large-scale promotion, there is far, local real estate funds In the fund-raising capacity, mode of operation, both investment and the "deep pockets" of the foreign funds have a larger gap, "the Ming shares Beneficial debt" means the majority of investors.
Foreign institutional investors towards the attitude of China's real estate market is undoubtedly an important benchmark. In the past few years, foreign funds have invested in China's real estate market in "a few into a few", and that often Tazhun opportunity to earn pours, overwhelmed by the concentration of force, rather in the financial crisis once again force Chinese real estate market posture.
It is noteworthy that the investment strategy, foreign real estate funds have been some adjustments, almost uniform to the eyes turned to the direction of commercial real estate.
Foreign win another harbinger
June 17, CITIC Capital Holdings Limited announced that its fourth REITs - CITIC Capital China Retail Property Fund has successfully completed an offering of the fund amounted to 683 million U.S. dollars , exceeding its original $ 600 million fund-raising goal .
CITIC Capital, Chairman and CEO Zhang Yi Chen said: "The fund existing and new entrants to obtain a highly recognized investor, the investor's positive feedback proved that the market for competitive high demand for real estate investment strategy."
Similarly, some other big institutional investors have also raise new funds through demonstrating its interest in investing in the real estate market. Foreign media reported that investment in real estate has become one of the world's largest private equity firm Blackstone Group, plans to raise $ 4 billion real estate fund, specializing in investing in China and other Asian markets.
It is the first time Blackstone only focus on the Asian market, real estate funds, $ 4 billion of the target size is the group's funding initially revealed twice the size. In addition, the Fund will become Asia's largest real estate fund. With the company's global and European funds like, this new Asia fund will have the flexibility to invest in a variety of stocks and bonds, real estate companies.
July 2 CMA, said the company will set up a $ 1 billion private equity fund for investment in China's retail commercial real estate development, which is established by CMA far the largest real estate fund.
In addition to raising funds frequently in the amazing performance, these real estate funds were invested in the project also demonstrated a very active posture.
A detail is optimistic about the Chinese real estate whether problems in the Boao Forum this year from the 12 leading domestic and foreign investment institutions have 10 firm responsible person said they saw a show of hands, only Terra Firma CFO ChrisB arnes think China Real Estate In the formation of foam. Blackstone Group Senior Managing Director, Greater China chairman Antony Leung said, "Blackstone is very optimistic about China's long-term performance of the real estate investment a lot, in addition to residential real estate, the other with the real estate-related logistics also have a lot of opportunities."
Recently, Jones Lang LaSalle monitoring also confirms the real estate market in favor of foreign investors in China's judgment. Jones Lang LaSalle released "global capital flows," the report specifically on the Asia Pacific Commercial Real Estate noted that the first quarter of this year, with Japan, China, Hong Kong, Australia, three of the most popular real estate investment areas are mainly local investors, the Chinese market benefits to promote a large number of cross-border transactions. "Mainland China has made $ 3.6 billion investment in trading volume (up 62% QoQ, flat year on year), mainly due to a large number of cross-border transactions to promote in the first quarter of 2013, the share of cross-border transactions rose to the total transaction about 65% of the amount. "
These hundreds of billions yuan of funds frequently flashed with Chinese PE industry currently deserted landscape in stark contrast.
Or commercial real estate
"In fact, foreign funds have been relatively optimistic about investment opportunities in China's real estate market, after lackluster mainly affected by the financial crisis, the fund-raising and investment are entered into the trough phase, the past two years, many foreign funds are raising new funds However, the global financial crisis and the European debt crisis, the fund-raising slowed, so the foreign funds over the past two years, it is relatively 'low-key' up. "one yuan real estate fund partner said.
In fact, the number of foreign real estate fund, told reporters that China's real estate market in its judgment has not happened fundamental change, investment in "a few into a few" mainly by their own fund-raising as well as the Chinese market valuation of investment targets factors, showing ups and downs. The concern is that in foreign real estate fund investment strategy there have been some adjustments, almost uniform to the eyes turned to the direction of commercial real estate.
CITIC Capital Real Estate Fund since the end of 2011, after completion of the first round of recruitment, the fund has been successful in its development of the three projects to invest about $ 250 million in funding, including Changsha, Hunan Yue, ID Mall, and will commence in the third quarter located in Hefei, Anhui and Shanghai, two development projects. The fund plans to further invest in the next four to five retail real estate projects, investment in the region focus on the radiation surrounding areas, retail property amenities huge space for development of domestic second-tier cities.
The Carlyle Group announced the acquisition at the end of Suzhou impression of the city and Hangzhou Gudun impression of the city 49 percent stake. This two regional integrated shopping center shopping mall developed by the Chinese operators set SZITIC supplier owned and managed. The investment by the Carlyle Asia Real Estate Fund team to implement.
Carlyle Group Managing Director, Head of Carlyle Asia Real Estate Fund Lee Jun Huan said: "At present, China's household disposable income is growing, sustainable urbanization, demographic change, the government is also working to boost domestic demand, these factors will continue to promote the development of China's retail industry, such as Impressionism City Mall retail property rents and capital values have a positive impact on our rapid development of China's retail sector confidence. "
Real estate investment in China has earned pours of Warburg Pincus, there are three pen transactions in the real estate industry announced this year, which is in the country this year, Warburg Pincus publicly announced all investment projects. Announced at the beginning of investment in real estate related companies with prosperous industry, Cube Hotel Management, but by the end of June announced plans to invest another commercial retail enterprises in Chongqing Sand Boat Industry (Group) Company Limited. The three companies are also almost all commercial real estate-related projects.
The foreign real estate fund believes that the national per capita GDP is $ 5,000 to $ 20,000 in the period between that real estate is a growth industry, and the residential real estate sector in only a small category. U.S. residential real estate company listed on the few, mainly logistics real estate, commercial real estate, etc., commercial real estate can provide relatively stable cash flow, which is our current areas of concern.
In fact, many large foreign PE sector investment strategies, real estate has not been listed as a separate division of the field, but was incorporated into the consumer retail sector, it will be more of a real estate business combined with its consumer retail areas ability to be judged.
A foreign real estate fund stakeholders frankly, on the mainland residential market has basically not touch, the risk is too large.
Needless to say, the last few years, residential real estate projects have been reflected in the strong macro-control law-abiding, while commercial real estate is ushered in rapid development period, the urban complex over the sky became a rapid development of commercial real estate miniature. And one time, commercial real estate bubble of the discussion rampant, and even publicly Zhang Xin also said in an interview, China's commercial real estate has no future, and she turned to become New York general building shareholder.
For foreign funds, they prefer domestic cities such relatively mature market; addition, urban complexes, shopping malls and other commercial real estate projects, second-tier cities are more biased in favor of the core quality assets, after all, the core quality first-tier cities business assets can be traded very limited, and second and third tier cities is still in a process of rapid urbanization, including further changes in consumer habits, an increase in personal disposable income and other factors are valued by foreign funds.
The end of June, Shanghai Baoshan Wanda Plaza in the opening day, because the flow of people to come shopping and spending excessive, resulting in a local transaction congestion. Baoshan Wanda Plaza is Wanda Group in Shanghai following the Wujiaochang Zhoupu, jiangqiao after the fourth city complex. These are signs that investors still believe that there is great potential for the commercial real estate space to be tapped.
From foreign funds investing in commercial real estate model point of view, based on commercial real estate itself, mainly in order to carry out a specific project investment operations, and less to invest in a platform-based commercial real estate firm; while shopping in addition to purely commercial class real estate, the logistics real estate, tourism and real estate-related projects are also subject to commercial real estate investment class people of all ages.
Of course, foreign investment in commercial real estate investment opportunities wantonly Nuggets, the local real estate fund development momentum also not be underestimated, local RMB real estate fund this year there have been large-scale promotion, there is far, local real estate funds In the fund-raising capacity, mode of operation, both investment and the "deep pockets" of the foreign funds have a larger gap, "the Ming shares Beneficial debt" means the majority of investors.
China View - E-sports in China
E-sports, is a video game based on the confrontation of the emerging sports. In China, despite a large number of fans, gaming is still subject to long-term practitioners of prejudice and marginalization. Netease news which lasted more than three months, followed by a group of young people to join the gaming witness their dreams and lives.
This called Starcraft 2 real time strategy game very confrontational in the world with millions of players, it has also become a major electricity project requirements race thing. In the game, players gather resources to build through the different buildings, the army and upgrade, and ultimately through tactics and manipulation to defeat opponents. Hu Xiang is a project pro StarCraft 2, Protoss he uses in the game, the game ID called MacSed.
Just finished dinner and get back on the front of the computer Hu Xiang, become familiar with the just-released new version of the game, waiting for when he rubbed his eyes, and a bit tired. Occupation dianjing players daily training is very boring, in iG Starcraft 2 teams, the players came to the company at 11 am, 0:00 back to the dorm after a break until the middle period of time would leave only two computers: lunch 10 minutes, dinner 10 minutes.
This called Starcraft 2 real time strategy game very confrontational in the world with millions of players, it has also become a major electricity project requirements race thing. In the game, players gather resources to build through the different buildings, the army and upgrade, and ultimately through tactics and manipulation to defeat opponents. Hu Xiang is a project pro StarCraft 2, Protoss he uses in the game, the game ID called MacSed.
Just finished dinner and get back on the front of the computer Hu Xiang, become familiar with the just-released new version of the game, waiting for when he rubbed his eyes, and a bit tired. Occupation dianjing players daily training is very boring, in iG Starcraft 2 teams, the players came to the company at 11 am, 0:00 back to the dorm after a break until the middle period of time would leave only two computers: lunch 10 minutes, dinner 10 minutes.