China’s rich are becoming richer, reported the annual Hurun Rich list this week. The number of dollar billionaires went up with 27 percent, but – admits Hurun founder Rupert Hoogewerf in The Indepent, Although: “Valuing the wealth of China’s richest is as much an art as it is a science”.
Category Archives: real estate
The central government has been trying to cool down real estate, but when we look at the annual Hurun rich list, real estate is back at the top position as wealth creator, says Hurun chairman Rupert Hoogewerf at 4-Traders. And IT is following.
The government has been trying to cool down the overheated real estate industry, but demand for new houses remain high, whatever the government does, tells Shanghai-based business analyst Shaun Rein at the BBC.
Real estate prices went up 5.7% in May, while the rest of the economy including shares is dropping. WSJ’s wealth editor Wei Gu discusses real estate trends with Michael Klibaner of Jones Lang LaSalle. Project developers and buyers anticipate government intentions, concludes Wei Gu. “Damned if you do, damned if you don’t.”
China’s economy resembles a roller coaster in many ways, and especially China’s rich in real estate had a very rough year, some falling down, other still moving up, tells Hurun founder Rupert Hoogewerf in the Wall Street Journal.
China’s consumers continue to spend, despite a small dip in growth, also for decorating their homes, argues business analyst Shaun Rein, and goes against JWT executive Tom Doctoroff, who says Chinese consumers go for cheaper products. Shaun Rein dismantles three consumers myths in Business Week.
Commodities will be going strong, tells business analyst Shaun Rein in CNBC, since commodities are needed to support high demand for better housing in China, support rising consumption and is needed by the financial alternatives now US bonds and the euro are a less attractive alternative.
The story China’s economy is a bubble that is about to burst, exists as long as the country’s economy started to boom. Economic analyst Arthur Kroeber explains in NPR why we do not need to worry right now and why signs of bubbles are part of the game.