Understanding China, One Blog at a Time

An American in China

Archive for July 8th, 2012

Rent Increases in Hell- aka China

Posted by w_thames_the_d on July 8, 2012

China has a lot of people. actually this is an understatement its like saying ‘rotten eggs smell bad’. Sure they do, but the word ‘bad’ cannot fully comprehend what their odor does to one’s senses.

In any event, the rent in hell aka China, has gone up dramatically. In some areas of hell, notably Beijing Shanghai and Guangzhou, rent has gone up over 10% in one month alone.

I guess I should look at the bright side. For this ten percent increase in housing price, one is guaranteed of living in a beaten down, dilapidated death trap which will crumble at the  mere signs of an earthquake. Setting this aside, one can also be assured that, absent a slight tremor, the little hunk of fecal matter that we call homes will be in a horrible state of disrepair within months of moving in.

In your typical Chinese gulag, the water pipes are the first thing to give up the ghost and then its the walls, followed by plumbing in general. All this is the China price, that cost we all pay for the privilege of living in one of the most repressive regimes on the planet….


“Prices rose most in Beijing, where prices rose by 13.86% from May, followed by Shenzhen, 7.56%; Guangzhou, 6.84%; and Shanghai, 6.48%, according to data released by real estate market researcher the China Index Academy.”

From here


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Chinas Peaceful Rise Includes Invading The Philippines

Posted by w_thames_the_d on July 8, 2012

China told a little fib a while back in 2002 and have now changed their minds..

From strategypage.com

China is insisting that international agreements do not apply in its dispute with the Philippines over Scarborough Shoal. Chinese warships entering the Filipino exclusiveeconomic zone (anything within 380 kilometers of land) are violating a 2002, agreement by nations bordering the South China Sea. Scarborough Shoal is 200 kilometers from the Philippines and 850 kilometers from China. After signing the 2002, agreement China changed its mind three years ago and is now claiming ownership of the entire South China Sea.

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Why You Would Be a Fool to Buy Chinese Stocks

Posted by w_thames_the_d on July 8, 2012

From bradenton.com

The SEC crackdown on market abuses and shady accounting practices has coincided with a sharp rise in the number of class-action lawsuits filed against foreign issuers of securities, which more than doubled in 2011 according to a study by audit company PwC. Almost two-thirds were against mainland Chinese companies.

“I wouldn’t necessarily call it a witch hunt, but there are legitimate companies that could get caught up in a sense,” said Neal R. Marder, a partner in Los Angeles at law firm Winston & Strawn LLP. He has represented at least two Chinese companies that have sought to fight back.

Chinese government rules barring accounting firms with operations in China from sharing information with authorities overseas have hindered SEC efforts to investigate in such cases. “Accounting firms as well as any business in the PRC have to abide by trade secrets laws, privacy protections and blocking statutes in China,” said Marder.

Read more here: http://www.bradenton.com/2012/07/06/4105128/ap-interview-autochina-tycoon.html#storylink=cpy

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