Tag Archives | Shanghai

Shanghai Jan13.png

China’s new leadership face house price dilemma

Ms Kay Sun is a 32 year-old administrative assistant in Shanghai, earning $29k/year (Rmb180k). Last month, like many 30-somethings around the world, she put down a deposit on an apartment. But the cost of Ms Sun’s ordinary one-bed apartment was in a different league. It was priced at $460,000 (Rmb2.85m). And as the Wall Street […]

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Shanghai Jan13.png

China’s new leadership face house price dilemma

Ms Kay Sun is a 32 year-old administrative assistant in Shanghai, earning $29k/year (Rmb180k). Last month, like many 30-somethings around the world, she put down a deposit on an apartment. But the cost of Ms Sun’s ordinary one-bed apartment was in a different league. It was priced at $460,000 (Rmb2.85m). And as the Wall Street […]

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Yangtze map right.jpg

Shanghai region slows

The Yangtze River Delta region (which includes Shanghai, Jiangsu and Zhejiang) accounted for 22% of China’s GDP in 2007. It is focused on exports to the USA and EU, and is a major centre for chemicals production. But now, like the Pearl River Delta, its economy is slowing fast. According to the China Daily, an […]

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Shenhua shares double on IPO

Coal-to-chemicals just took a further step towards becoming a major source of chemical production once again. Yesterday, major coal producer Shenhua Energy listed on the Shanghai stock exchange, and saw its shares jump 93% to value it at $173bn. Shenhua is the world’s second largest seller of coal, after the US’s Peabody Energy, and it […]

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Interesting Quotes

Normally a 275 point fall on Wall Street, and a 600 point fall in Hong Kong, would make for some headlines. But this time, the media coverage has been very muted. Presumably everybody thinks it will be another ’9 day wonder’, and believes with Chuck Prince of Citigroup that one simply has to keep ‘dancing’. […]

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