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Old August 6th, 2012, 05:10 AM   #561
BarbaricManchurian
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You have posted literally no supporting data. Throwing out random accusations like "ghost cities" with no evidence doesn't count. I already posted the article and chart backing up my point.
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Old August 6th, 2012, 05:28 AM   #562
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Ah one of the China skeptics. Don't worry, time will deal with your lot.

Not for a 130 years has US industrial capacity been surpassed by any power, until 2010 when China surpassed it and it continues ahead unabated.
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Old August 6th, 2012, 09:49 PM   #563
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Thread=derailed,but,i hope this gets build,it would be another epic structure that would push percieved limits of materials,*waits for news*
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Old August 7th, 2012, 10:06 AM   #564
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Quote:
Originally Posted by cd7890 View Post
Thread=derailed,but,i hope this gets build,it would be another epic structure that would push percieved limits of materials,*waits for news*
Here's some news (that slipped below the radar for me):

I just read in the Financial Times (you might only be able to read that if you are a subscriber) an article about Changsha's local government plan for a $150 billion of investment in construction and real estate in Changsha. This also included an arts centre by none other than Zaha Hadid.

This could be an overzealous statement by officials in Changsha, but it still bodes well for the progress of the Skycity project.

Last edited by TheZoolooMaster; August 7th, 2012 at 10:12 AM.
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Old August 7th, 2012, 10:16 AM   #565
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Sky City is just the beginning

Just found more reasons behind why Sky City is likely to be built

Quote:
Broad Sustainable Building is part of Broad Group which is highly respected around the world. Here's a very basic overview of their company http://inequalityreduced.blogspot.co...-by-broad.html
Quote:
China's Changsha unveils US$130bn investment plan to boost economy
Submitted by mark.feng on 27 July 2012 - 5:57pm
"Changsha, capital of central China's Hunan Province, unveiled a package of infrastructure and industry projects Thursday that would require total investments of 829.2 billion yuan ($130.2 billion), a move to stimulate local economic growth, Global Times reported."
http://www.chinaeconomicreview.com/c...-boost-economy
Quote:
Changsha plans to stimulate the economy at 200 times the cost of Sky City ($638 million) then why wouldn't they fund Sky City ? If the stimulus is "too big", then the "cherry on top" would only by 0.5% of any future issue http://nextbigfuture.com/2012/07/chi...0-billion.html
Whats more Sky City is just the beginning
Quote:
Zhang, a slight but wiry and intense man of 52, says "Sky City" - as he has dubbed it - can fix many of the world's pollution, congestion, transportation and even disease problems by completely purifying the tower's air. The 838-meter-tall building (10 meters taller than the Burj Khalifa in Dubai, currently the world's tallest) will hold schools, a hospital, 17 helipads and some 30,000 people. It will, indeed, be a city in the sky.

His dreams don't stop there.

Pinned up on his office wall are plans for a project even more audacious - an almost preposterously massive building two kilometers high. When asked to estimate the odds of this 636-floor giganto-scraper ever being built, Zhang responds without hesitation, "One hundred percent! Some say that it's sensationalism to construct such a tall building. That's not so. Land shortages are already a grave problem. There's also the very serious transportation issue. We must bring cities together and stretch for the sky in order to save cities and save the Earth. We must eliminate most traffic, traffic that has no value! And we must reduce our dependency on roads and transportation." http://in.reuters.com/article/2012/06/28/china-ceo-idINDEE85R00V20120628
Broad Sustainable Buildings should design its future buildings more aerodynamically such as Yeongam virtual circuit.


Flying Robots surely would exponentially increase the speed of building if synchronized with current operation


In China there's already a city clad with solar panels so Broad Group should might take that into consideration in its next project


Broad Group could also integrate Innovida technologies for its interiors


You can just imagine the environmental benefits if the creativity of Sanyo Solar Panels and Broad Group is combined to mass produce solar powered buildings like the Solar Ark

Last edited by Gwellbeing; August 7th, 2012 at 11:28 AM. Reason: Bad format
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Old August 7th, 2012, 10:21 AM   #566
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Yes, that US$130bn is the same one I was referring to, though I was clearly a bit overenthusiastic about the numbers...
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Old August 7th, 2012, 12:56 PM   #567
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Any one from Changsha?

Any one from Changsha here? Any idea what the 250 helipad shopping complex is about

http://helicopterkits.blogspot.com/2...-helipads.html


Last edited by Gwellbeing; August 7th, 2012 at 02:01 PM.
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Old August 7th, 2012, 12:57 PM   #568
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Old August 7th, 2012, 02:28 PM   #569
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I really have no doubt it's gonna get built. The biggest potential problem is govt approval but if that occurs I expect it to go up just as fast as they say they will or slightly slower, this company has a track record of delivering on promises and has already broken some records
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Old August 7th, 2012, 02:37 PM   #570
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Originally Posted by 1Filipe1 View Post
actually you do deny reality becuase you block out whatever you don't want to hear...china feels that building these huge buildings will make the world look at them, they need to realize the world doesn't really care, everytime the usa's economy is in a reccession seems like everyone doubts in it, but when its going good, its a great country, long term track?-people in the usa are ready to work, and jobs are coming back, slowly but they are, china is slowing, and the manufacturing is barely growing, its actually borderline contracting, so how is that a better long term track? tall buildings symbolize nothing except thinking your cool
But the average Chinese do! They actually need bigger and better living/working spaces. And maybe an electric bike plus a car per dwelling.

The truth is ... no one really knows what is going on with China.

Take a look at this list and think about it (the models and brands!).

Source: bestsellingcarsblog.com/

Full 6 months 2012 Top 277 Ranking Table below (excude imports, about 500,000).


Pos Model 2012 /11 2011 Pos
1 Buick Excelle 146,651 21% 121,418 2
2 Chevrolet Sail 137,654 64% 84,043 10
3 VW Jetta 118,407 2% 116,181 3
4 Chevrolet Cruze 118,018 15% 102,584 6
5 VW Passat 116,032 82% 63,834 21
6 VW Bora 110,957 18% 94,042 9
7 Ford Focus 109,700 8% 101,912 7
8 VW Lavida 108,007 -18% 131,626 1
9 Hyundai Verna 98,627 70% 57,923 30
10 Hyundai Elantra Yuedong 97,516 -3% 100,590 8
11 VW Tiguan 95,341 52% 62,564 23
12 Nissan Tiida 93,389 129% 40,870 52
13 Toyota Corolla 90,305 34% 67,604 17
14 Honda CR-V 88,800 50% 59,184 28
15 Nissan Sunny 87,961 20% 73,159 13
16 FAW Xiali N3/N5 86,969 -19% 107,685 5
17 Buick Excelle XT/GT 84,935 28% 66,510 18
18 VW Magotan 78,769 124% 35,135 67
19 Toyota Camry 77,182 24% 62,303 26
20 Great Wall Haval H3/H5 72,798 10% 65,942 19
21 Audi A6L 70,286 39% 50,572 40
22 Skoda Octavia 70,160 12% 62,548 25
23 BYD F3 68,210 -40% 112,842 4
24 Nissan Qashqai 68,110 44% 47,252 46
25 Great Wall Voleex C30 67,899 -12% 76,861 12
26 VW Sagitar 67,235 12% 60,284 27
27 Chery QQ 67,133 -13% 77,047 11
28 Kia K2 66,612 22712% 292 215
29 Toyota Corolla EX 65,779 42% 46,180 47
30 Nissan Teana 60,880 -17% 73,026 14
31 Emgrand EC7 60,845 25% 48,769 44
32 Toyota RAV4 60,425 50% 40,221 56
33 VW Golf 59,371 37% 43,335 49
34 Nissan Livina 59,075 21% 48,837 43
35 VW Santana Vista 57,946 -2% 58,999 29
36 Honda Accord 57,787 -17% 69,733 16
37 Honda City 56,056 5% 53,295 36
38 VW Santana 54,967 -3% 56,627 35
39 Audi A4L 53,719 47% 36,538 63
40 Nissan Sylphy 53,229 -18% 64,735 20
41 VW Polo 53,001 -27% 72,854 15
42 Chery Tiggo 52,908 8% 49,182 42
43 Citroen C-Quatre 51,425 -11% 57,913 31
44 Hyundai Sonata 51,289 180% 18,326 108
45 BMW 5-Series L 47,292 31% 36,223 65
46 Kia Forte Furuidi 46,749 -25% 62,553 24
47 BYD S6 45,549 841% 4,843 173
48 Honda Civic 45,199 -7% 48,413 45
49 Hyundai Elantra 44,869 -29% 63,457 22
50 Audi Q5 41,847 87% 22,409 98
51 ChangAn Benben Mini 41,740 -21% 52,611 37
52 Hyundai ix35 41,331 -17% 49,979 41
53 Buick LaCrosse 41,141 -29% 57,745 32
54 Mazda6 38,482 -25% 51,499 39
55 Toyota Highlander 38,439 0% 38,478 57
56 Buick Regal 37,965 0% 37,825 58
57 JAC Heyue/Heyue RS 37,713 -8% 40,808 53
58 Baojun 630 37,081 new 0 -
59 Suzuki Beidouxing 35,755 26% 28,443 83
60 Toyota Reiz 35,494 41% 25,113 94
61 Dongfeng Future 34,571 183% 12,198 128
62 Haima Family 34,350 -17% 41,170 51
63 BYD L3 34,094 185% 11,968 130
64 Soueast V3 Lingyue 33,904 15% 29,363 80
65 Dongfeng Joyear 33,244 -8% 35,991 66
66 Roewe 350 33,123 -5% 34,801 69
67 Gleagle King Kong 32,598 4% 31,481 76
68 Kia Sportage R 32,178 2% 31,602 75
69 Ford Mondeo 31,712 4% 30,446 79
70 Peugeot 308 31,677 new 0 -
71 Buick GL8 31,126 -16% 37,182 59
72 Gleagle Freedom Ship 30,153 -26% 40,575 54
73 Ford Fiesta 30,022 -3% 31,060 78
74 Citroen C-Elysée 30,018 -8% 32,736 72
75 Chery Fulwin 2 29,888 -26% 40,346 55
76 ChangAn CX20 29,143 45% 20,137 103
77 Mazda3 Xingcheng 28,936 new 0 -
78 Shanghai Englon SC7 28,499 7% 26,521 90
79 Suzuki Alto 28,418 -11% 31,955 74
80 Chery E5 28,366 new 0 -
81 Zotye 5008 28,248 -23% 36,816 61
82 FAW Besturn B50 28,181 -46% 52,562 38
83 Suzuki SX4 27,738 -24% 36,603 62
84 Dongfeng Fengshan H30/S30 26,981 76% 15,302 118
85 JAC Refine 26,859 -19% 33,009 71
86 Chevrolet Aveo 26,742 908% 2,654 190
87 Peugeot 408 25,781 -12% 29,230 82
88 Hyundai Tucson 24,843 -15% 29,307 81
89 Kia K5 24,146 102% 11,925 131
90 Suzuki Swift 23,274 6% 21,986 100
91 Skoda Fabia 23,008 -10% 25,431 92
92 Great Wall Haval H6 22,140 new 0 -
93 Lifan 620 21,827 -22% 27,974 84
94 Suzuki Lingyang 21,729 -21% 27,489 86
95 Chevrolet Spark 21,626 -41% 36,836 60
96 Kia Sportage 21,411 -8% 23,289 96
97 Skoda Superb 20,198 -25% 26,836 89
98 BYD F0 20,013 -65% 56,737 34
99 Brilliance V5 19,700 new 0 -
100 BYD G6 19,508 new 0 -
101 FAW Xenia S80/M80 19,469 5% 18,629 107
102 VW Polo Jinqu/Jinqing 19,437 312% 4,714 175
103 Roewe 550 19,276 -15% 22,627 97
104 Honda Fit 19,227 100% 9,618 142
105 Brilliance Junjie FSV 19,183 28% 14,967 120
106 ChangAn Yuexiang 18,695 -48% 36,226 64
107 VW Touran 18,592 45% 12,788 125
108 Kia Cerato 18,514 -45% 33,780 70
109 MG 3 18,389 119% 8,403 152
110 Peugeot 307 18,371 -29% 25,971 91
111 Lifan 520/520i 18,238 -17% 22,066 99
112 BYD G3 17,155 -47% 32,378 73
113 JAC Tongyue 16,506 -47% 31,232 77
114 Mercedes E-Klasse L 16,424 -8% 17,906 110
115 Gleagle Panda/GX2 16,375 -30% 23,395 95
116 Gleagle Vision 15,992 -42% 27,344 88
117 Linian S1 15,988 90% 8,428 151
118 Dongfeng Shuai 15,720 31% 12,035 129
119 Nissan X-Trail 15,670 -2% 16,033 117
120 Peugeot 207 15,612 -38% 25,358 93
121 Citroen C5 15,458 -13% 17,678 111
122 BMW 3-Series 15,443 9% 14,228 121
123 Chery Cowin 2 15,039 -45% 27,381 87
124 VW CC 14,814 -18% 18,068 109
125 Honda Crosstour 14,732 871% 1,517 209
126 Lianhua L3 14,662 -3% 15,159 119
127 Great Wall Voleex C50 14,534 new 0 -
128 Lifan X60 14,474 6112% 233 217
129 Luxgen 7 SUV 14,414 new 0 -
130 Brilliance H530 14,288 new 0 -
131 Brilliance Junjie FRV 14,081 -67% 42,840 50
132 Toyota Crown 14,035 13% 12,444 127
133 Chery A1 13,848 56% 8,902 148
134 Mazda3 13,809 -61% 35,124 68
135 Hawtai Santa Fe 13,728 -70% 45,037 48
136 Mercedes C-Klasse 12,767 -2% 13,055 124
137 Venucia D50 12,723 new 0 -
138 Chevrolet Malibu 12,676 new 0 -
139 Mitsubishi Lancer EX 12,531 18% 10,649 137
140 Lifan 320 12,502 60% 7,811 156
141 Honda Odyssey 12,489 7% 11,726 133
142 Peugeot 508 12,079 new 0 -
143 Chery Cowin 3/A5 11,984 -57% 27,842 85
144 Shanghai Englon SC5/Golden Eagle 11,519 32% 8,705 150
145 Chevrolet Epica 11,236 -45% 20,259 102
146 FAW Weizhi V2 10,906 201% 3,620 181
147 Toyota Prado 10,739 20% 8,963 147
148 Haima Freema 10,648 11% 9,611 143
149 Mazda6 Ruiwing 10,265 -42% 17,604 112
150 Hyundai Sonata MoInca 10,078 -40% 16,802 115
151 MG 6 10,046 -23% 13,077 123
152 Jiangnan Alto 9,842 -42% 16,990 114
153 Changfeng Black King DUV 9,799 0% 9,794 140
154 Haima 7 Knight 9,553 -14% 11,141 135
155 Gleagle GC7 9,502 new 0 -
156 ChangAn Eado 9,308 new 0 -
157 Honda Spirior 9,220 -2% 9,393 144
158 Chery A3 9,175 -53% 19,504 105
159 Lianhua L5 9,172 new 0 -
160 Riich G3 8,984 new 0 -
161 Emgrand EC8 8,934 11% 8,024 154
162 Chery Cowin 1 8,933 -53% 19,083 106
163 Jinbei Granse/S50 8,918 -3% 9,166 145
164 Nissan NV200 8,903 10% 8,107 153
165 Great Wall Voleex C20R 8,896 new 0 -
166 Toyota E’Z Yizhi 8,505 new 0 -
167 BMW X1 7,999 new 0 -
168 FAW Besturn B70 7,816 -55% 17,481 113
169 Riich X1 7,792 10% 7,104 159
170 Huanghai Aurora 7,330 -19% 9,031 146
171 Great Wall Haval M2 7,247 -33% 10,876 136
172 FAW Weizhi V5 7,212 -56% 16,575 116
173 ChangAn CX30 7,193 10% 6,510 163
174 Great Wall Haval M4 7,151 new 0 -
175 Citroen C2 6,919 43% 4,831 174
176 Toyota Yaris 6,879 -6% 7,305 158
177 GAC Trumpchi 6,834 5% 6,513 162
178 Toyota Vios 6,760 8% 6,233 165
179 Ciimo Si Ming 6,730 new 0 -
180 JMC Yusheng/Baowei 6,720 29% 5,228 172
181 Gleagle GX7 6,603 new 0 -
182 Haima 2 Cupid 6,590 -35% 10,106 138
183 Landwind X8/X6/X9 6,433 -19% 7,961 155
184 Kia Rio 6,167 -69% 19,864 104
185 Great Wall Florid 6,119 -70% 20,446 101
186 Zotye Z200 6,089 277% 1,617 205
187 Mercedes GLK 6,050 new 0 -
188 Kia Soul 6,034 9% 5,533 170
189 FAW Oley 4,397 new 0 -
190 JAC Yueyue 4,387 111% 2,082 199
191 JAC Rein 4,365 -40% 7,326 157
192 Brilliance Splendor/Junjie (BS4) 4,254 -52% 8,885 149
193 MG 5 4,185 new 0 -
194 Suzuki Liana 4,175 -64% 11,755 132
195 Nissan March 3,536 -64% 9,825 139
196 GAC Trumpchi GS5 3,344 new 0 -
197 Beijing E-Series 3,088 new 0 -
198 Hafei Lobo 3,023 64% 1,839 200
199 Nissan Paladin 2,866 -24% 3,752 180
200 BAW Jeep 2,852 -13% 3,297 186
201 Cadillac SLS 2,832 -25% 3,757 179
202 Haima Prince 2,751 -55% 6,049 166
203 Hyundai Accent 2,745 -80% 13,688 122
204 Volvo S80L 2,623 -43% 4,586 178
205 Zotye Multiplan 2,600 -54% 5,655 169
206 Toyota Land Cruiser 200 2,581 -14% 2,999 187
207 Changhe Ideal 2,515 66% 1,519 208
208 Zhongxing Landmark 2,254 -77% 9,776 141
209 Roewe W5 2,251 new 0 -
210 Foton MP-X 2,245 3% 2,175 197
211 Mitsubishi Pajero 2,104 -63% 5,714 168
212 Haima M11 2,007 new 0 -
213 Kia Optima 1,988 new 0 -
214 Mazda2 1,942 -66% 5,771 167
215 Roewe 950 1,942 new 0 -
216 Karry Youya 1,904 -59% 4,667 177
217 Suzuki Splash 1,884 new 0 -
218 Great Wall Voleex V80 1,859 -46% 3,447 183
219 Dongfeng Fengshan A60 1,713 new 0 -
220 Shanghai Englon SC3 1,687 new 0 -
221 Volvo S40 1,652 -35% 2,545 194
222 Toyota Prius 1,628 new 0 -
223 Mazda8 1,577 -47% 2,984 188
224 Zotye Z300 1,539 new 0 -
225 Hyundai i30 1,502 -77% 6,437 164
226 BJC Warrior 1,443 977% 134 222
227 Gonow Saboo G3/Aoosed G5 1,335 new 0 -
228 Brilliance Zunchi (BS6) 1,323 -21% 1,684 203
229 Citroen C-Triomphe 1,309 1825% 68 223
230 Hafei Saima 1,302 -29% 1,832 201
231 Hawtai B35 1,296 new 0 -
232 Mercedes Viano 1,168 -66% 3,417 184
233 Foton MP-X Midi 1,150 -59% 2,786 189
234 Mercedes Vito 1,117 new 0 -
235 Mitsubishi Lancer 1,116 -57% 2,607 193
236 Rely V5 1,104 -68% 3,490 182
237 Changfeng CS7 Feiteng 1,063 -60% 2,637 191
238 Ford S-Max 1,052 -52% 2,214 196
239 Dongfeng Oting 1,001 -36% 1,558 206
240 Roewe 750 928 -63% 2,478 195
241 JAC Binyue 875 new 0 -
242 Chery Cowin 5 865 new 0 -
243 Gonow Aoosed GX5 835 new 0 -
244 Chery Eastar 816 new 0 -
245 Honda Elysion 740 new 0 -
246 Riich G5 727 new 0 -
247 Great Wall Phenom 695 new 0 -
248 Mitsubishi Zinger 647 new 0 -
249 FAW Vela 644 -58% 1,545 207
250 BYD e6 607 n/a n/a n/a
251 BYD F3DM 601 n/a n/a n/a
252 BYD M6 593 -67% 1,814 202
253 Dongfeng Yumsun 536 102% 265 216
254 Shanghai Englon TX4 506 -13% 582 212
255 Riich M1 480 -90% 4,672 176
256 Changfeng CS6 471 35% 350 214
257 Rely X5 421 194% 143 219
258 BYD F6 418 -96% 11,520 134
259 Gonow Jetstar 361 -36% 566 213
260 Tianqi Meiya Haishi 320 n/a n/a n/a
261 Mitsubishi Galant 310 n/a n/a n/a
262 Buick Park Avenue 280 n/a n/a n/a
263 Landwind Fashion 275 92% 143 220
264 Hafei Saibao 237 n/a n/a n/a
265 Riich G6 225 n/a n/a n/a
266 Nissan Murano 224 n/a n/a n/a
267 MG 7 210 n/a n/a n/a
268 Haima 3 181 -89% 1,637 204
269 BAW (Beijing) Luba 173 n/a n/a n/a
270 FAW Vizi 171 20% 143 221
271 Hawtai Terracan 141 -93% 2,112 198
272 Karry Youyi 119 n/a n/a n/a
273 Gonow GS50 92 n/a n/a n/a
274 Hawtai B11 89 -97% 2,637 192
275 Tianqi Meiya SUV 41 n/a n/a n/a
276 Chrysler Grand Voyager 31 n/a n/a n/a
277 Great Wall Coolbear 17 n/a n/a n/a
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Old August 7th, 2012, 03:50 PM   #571
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Quote:
Originally Posted by BarbaricManchurian View Post
Well, the only problem with your post is, you're wrong. I know you're wrong. You know you're wrong. We all know you're wrong.
I never understood irrational patriotic pride. China's economy is not invincible. There is a huge property bubble, which will burst and that will hurt the whole world. Filipe provided you with facts but you seem to ignore them. Ghost cities are a reality, property prices too high for most Chinese are a reality, development far beyond demand is a reality, open your eyes and you'll see it too
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Old August 7th, 2012, 07:30 PM   #572
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Originally Posted by Pansori View Post
But it is. The financial system, capital controls, regulation of banking activities, type of investors in real estate. Those things are very different from the US or Europe. True, there may be some negative outcomes for the economy due to unhealthy investment activities but they won't occur in the same way as they do in the US/Europe. That is simply not possible.
China has not repealed the business cycle or human nature, and Chinese history and financial history reveal that China has experienced many times in the past what you claim is impossible.

Quote:
Originally Posted by Pansori View Post
That is simply not possible.
Q.E.D.

Sold to you.
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Old August 7th, 2012, 08:29 PM   #573
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Quote:
Originally Posted by China Hand View Post
China has not repealed the business cycle or human nature, and Chinese history and financial history reveal that China has experienced many times in the past what you claim is impossible.

I think you did not read my posts properly and quote only what you want to quote. True, bad investment is bad everywhere but the outcomes in China may and will be different from those in the US or Europe due to different financial structure and tools. Therefore there will be ne a US style property bubble in China even if there will be some other, indirect, consequences which will be something else. Is it something really difficult to understand?

Just like you can't derail a bus from the railtracks (as opposed to trains)... simply because buses don't use railtracks.
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Old August 8th, 2012, 12:16 AM   #574
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Originally Posted by Pansori View Post
True, bad investment is bad everywhere but the outcomes in China may and will be different from those in the US or Europe due to different financial structure and tools. Is it something really difficult to understand?
The tools and financial structure it has do not matter because credit bubbles are based upon the human psyche and the Chinese are human just as the Europeans and Americans are. The tools do not allow it to magically repeal the business cycle, credit bubbles, or the need to write off bad loans.

Throughout history, always, 100% of the time, those in a bubble argue as you do.

"We are special, it won't happen to us."
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Old August 8th, 2012, 12:23 AM   #575
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Its only a bubble if it pops. If it pops, it pops. If it doesn't, well it doesn't. All I know is that China is only going to get better in the long run regardless of outcome. Its not like all the HSR, subway lines, supertalls, or skylines that were already quite impressive and built will all disappear. Knowing China most things they plan will eventually get built one way or the other. In the mean time just live your life.

Last edited by saiho; August 8th, 2012 at 12:28 AM.
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Old August 8th, 2012, 10:27 AM   #576
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Quote:
Originally Posted by 1Filipe1 View Post
oh and to you mr. brainwashed chinese man/woman, your obviously out of your mind, sorry you need a reality check, most of chinas population is poor, there filled with ghost cities becuase there to poor to afford them, how can you say someone-(average income is near 5k in china)- can afford a 300k house, you do realize that takes 60 years to get if you make 5k a year, please dont act like china is like the god country, please, if your all happy working in a sweat shop then thats fine with me, and its just a fact that some bubles burst, and its preety apparent that one will burst in china, look at japan for instance, 70s and 80s, japan was like what china is now, building cheap things selling them cheap and getting a major boost in the economy? what happened..there bubbles burst, and they got their shit together and now there doing great, all im saying is if chinas bubbles burst no1 is saying they will turn into a 3rd world country, but seriously, you need to get out of the mentaility that china is invinsible
What you are missing is that China is still in the process of urbanization.

Quote:
More than 100 million rural Chinese people will settle in towns and cities in the next decade, testing provision of welfare and services as a new generation of migrants turn their backs on farming, according to a new government report.
http://news.nationalpost.com/2011/10...y-2020-report/

So, there is huge demand in China, unlike developed countries which have completed their urbanization.
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Old August 8th, 2012, 01:03 PM   #577
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Originally Posted by saiho View Post
Its only a bubble if it pops. If it pops, it pops. If it doesn't, well it doesn't.
All bubbles pop. Always. History proves this to be the case.

100%
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Old August 8th, 2012, 09:48 PM   #578
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Originally Posted by Kanto View Post
I never understood irrational patriotic pride. China's economy is not invincible. There is a huge property bubble, which will burst and that will hurt the whole world. Filipe provided you with facts but you seem to ignore them. Ghost cities are a reality, property prices too high for most Chinese are a reality, development far beyond demand is a reality, open your eyes and you'll see it too
Filipe simply is a troll, he didn't provide anything except gibberish full of misspelled words. People always over hype the Chinese property bubble, I don't deny that prices are way too high, but on the other hand demand is extremely strong, just look at Shanghai's dangerously low office vacant rate. I find it amusing that many members here still playing the "ghost city" card in discussions.
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Old August 9th, 2012, 05:33 AM   #579
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I simply can't imagine that this building if built would remain empty, simply due to China having that many people relocating to cities in the future as it was mentioned. I hope Broad Group can do this but still, it'd be quite a feat!
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Old August 9th, 2012, 09:02 AM   #580
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12 stories building in 4 days

Broad Sustainable Buildings did it again, just look at this new building they have developed in approximately 4 days in Shandong province 2000km away from its factory and headquarter.



You might want to have a look at the wonderful Seven Star hotel developments around China

Last edited by Gwellbeing; August 11th, 2012 at 10:16 AM.
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