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Property developers tumble 7.6% in early trade in China after Beijing continues with pledges to...

Property developers tumble 7.6% in early trade in China after Beijing continues with pledges to clamp down on what appears to be a reawakening of the country's real estate froth. The Shanghai Composite -1.8%. TAO +22.9% Y/Y.
Comments (10)
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    In the US, a small tax increase will be fought with teeth and nails.

     

    In China, some officials just need to pad their heads and force people to pay taxes years in advance.

     

    It's the ultimate taxation without representation country.
    3 Mar 2013, 09:59 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (2000) | Send Message
     
    Of course, it is the Land of the New Pharaoh. Haven't you heard the rattling of the bars by the hands transmitting over the oceans and drumming ears? Huh?
    3 Mar 2013, 10:20 PM Reply Like
  • Tempo Dulu
    , contributor
    Comments (320) | Send Message
     
    Build and be damned...
    3 Mar 2013, 11:14 PM Reply Like
  • TAS
    , contributor
    Comments (1983) | Send Message
     
    60 Minutes featured a puff piece Sunday on the husband and wife team running the SOHO group. What a joke......admiring property developers in tight with the ChiComs...plus under a cloud for a huge money laundering scheme to boot.

     

    Made their Obama worship appear tame in comparison.
    3 Mar 2013, 11:37 PM Reply Like
  • Valueplay98
    , contributor
    Comments (580) | Send Message
     
    Puff piece or not - if you can't see the potential downfall of people owning 5-10 apartments with nobody living in them ... not sure what to tell you.

     

    ps I didn't see it as "admiration" in anyway.
    4 Mar 2013, 10:10 AM Reply Like
  • Seth Walters
    , contributor
    Comments (675) | Send Message
     
    Shanghai composite down about 4% now.
    4 Mar 2013, 01:50 AM Reply Like
  • Sam Liu
    , contributor
    Comments (3864) | Send Message
     
    Being in Shanghai, I brought up the figures that the cn PMI has been negative for the past 4 months and how there were contradictions in various segments of the global economy and the cn economy.

     

    Both of these long-term industry business people repeated that the cn economy is dictated (fully controlled) by the CCP.

     

    I don't think it is the Party's will to evoke inflation on the 90% of the population that can't afford it.
    4 Mar 2013, 04:01 AM Reply Like
  • june1234
    , contributor
    Comments (2499) | Send Message
     
    article in the financial times and some reports out of Japan which suggested actual China PMI is/has been like 1/2 what they say it is. SEC filed an official inquiry back in Dec into the top 5 accounting firms China divisions. CAT could not locate $500M in Chinese profits etc etc.Hard to tell what goes on over there. Whatever they say it is .
    4 Mar 2013, 04:28 AM Reply Like
  • june1234
    , contributor
    Comments (2499) | Send Message
     
    90% of multi national earnings growth comes from China. Anything happens over there all the QE on the planet wont help their earnings growth
    4 Mar 2013, 04:20 AM Reply Like
  • RM13
    , contributor
    Comments (710) | Send Message
     
    No matter what happens in China economically, but it's very clear Chinese economic figures are make believe. Anyone would like to invest in that house of fake cards?
    4 Mar 2013, 09:13 AM Reply Like
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