User 207572

The Chinese Consumer in Time of Financial Crisis

Just came back from China, stayed there for 10 months. Malls are crowded but sales are slower. High end malls got hit too.

Concern is that house prices are about 10 times of annual income, too high.

But I do agree china has a future, better than U.S. So if the market goes down more next year, just hold on. 2010 will be good.