For all you confused PPP lefties read why Merika will stay #1. BTW, even Britain is gaining from Putin's corruption and power grab as Russian billionaires choose to live in UK. Rule of law, independent court system, and justice are what matter. I hope those close to Presie Ramo will read this thread. Prem and Kwame will never get it.
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Financial Times
May 18, 2012 10:28 am
China property prices extend decline
By Robin Kwong in Beijing
Home prices in China continued to fall in April, more than two years after the government began property tightening measures, an indication that prospects for a rebound remain distant for one of the key drivers of Chinese economic growth.
A government survey of average prices in 70 cities released on Friday shows prices declined in 46 cities and rose in just three. Both the breadth and depth of the decline were bigger than in March.
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- Chinese house prices continue to fall
- Chinese property stocks hit as easing hopes fade
- Lex China property
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ON THIS TOPIC
- IMF set to recognise shrinking Chinese surplus
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- Steelmakers boosted by China stimulus hopes
- China ditches double-digit growth
IN CHINA
Beijing had wanted to rein in property prices that skyrocketed in 2009 as a result of large-scale stimulus measures put in place after the global financial crisis. But real estate investment also accounts for more than a tenth of Chinaβs gross domestic product growth, so a slowdown in the sector bodes ill for the broader economy.
If property investment growth falls to zero, βit could shave as much as 2.6 percentage points off of real GDP growthβ, according to Patrick Chovanec, a professor of business at Beijingβs Tsinghua University.
Beijing has so far resisted calls to loosen restrictions on property investment, a major factor driving the post-financial crisis boom. Zhang Xiaohong, a housing ministry official, on Friday told local media that Beijing will not change its tightening measures.
βThere is still room for property developers to continue to adjust prices to boost sales volume, but there is no more room for property speculation,β Mr Zhang said, echoing similarcomments made by premier Wen Jiabao in March.
Andrew Lawrence, analyst at Barclays, argues that Beijing is trying to engineer a soft landing for the property sector by simultaneously curbing demand through investment restrictions, while preventing mass bankruptcies of developers via the extension of just enough credit to roll over existing debt.
βIt would certainly seem that the supply of credit to the economy has been turned on againβ since the beginning of this year, Mr Lawrence said, citing a decline in the loan rates offered by shadow banks to developers. He estimates a further 10 to 15 per cent fall in prices in the next two years.
This dynamic is reflected in the plight of Number 8 Royal Park, a super-luxurious development in Beijing where liveried footmen have been chaperoning potential buyers to assay opulently decorated 520 sq m apartments. The developer is still holding firm on its price tag of over $10m, but sales appear to have stagnated. Staff are still urging clients to buy flats in the same two towers that were on offer a year ago.
Financial Times
May 18, 2012 10:28 am
China property prices extend decline
By Robin Kwong in Beijing
Home prices in China continued to fall in April, more than two years after the government began property tightening measures, an indication that prospects for a rebound remain distant for one of the key drivers of Chinese economic growth.
A government survey of average prices in 70 cities released on Friday shows prices declined in 46 cities and rose in just three. Both the breadth and depth of the decline were bigger than in March.
Beijing had wanted to rein in property prices that skyrocketed in 2009 as a result of large-scale stimulus measures put in place after the global financial crisis. But real estate investment also accounts for more than a tenth of Chinaβs gross domestic product growth, so a slowdown in the sector bodes ill for the broader economy.
If property investment growth falls to zero, βit could shave as much as 2.6 percentage points off of real GDP growthβ, according to Patrick Chovanec, a professor of business at Beijingβs Tsinghua University.
Beijing has so far resisted calls to loosen restrictions on property investment, a major factor driving the post-financial crisis boom. Zhang Xiaohong, a housing ministry official, on Friday told local media that Beijing will not change its tightening measures.
βThere is still room for property developers to continue to adjust prices to boost sales volume, but there is no more room for property speculation,β Mr Zhang said, echoing similarcomments made by premier Wen Jiabao in March.
Andrew Lawrence, analyst at Barclays, argues that Beijing is trying to engineer a soft landing for the property sector by simultaneously curbing demand through investment restrictions, while preventing mass bankruptcies of developers via the extension of just enough credit to roll over existing debt.
βIt would certainly seem that the supply of credit to the economy has been turned on againβ since the beginning of this year, Mr Lawrence said, citing a decline in the loan rates offered by shadow banks to developers. He estimates a further 10 to 15 per cent fall in prices in the next two years.
This dynamic is reflected in the plight of Number 8 Royal Park, a super-luxurious development in Beijing where liveried footmen have been chaperoning potential buyers to assay opulently decorated 520 sq m apartments. The developer is still holding firm on its price tag of over $10m, but sales appear to have stagnated. Staff are still urging clients to buy flats in the same two towers that were on offer a year ago.
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
Why are you calling the man a lapdog and no what account except you are all truly irresponsible with words? Ramotar was actually editor of a Marxist tome and left lots of writings on his love for the Leninist creed. His party still commits itself to Democratic Centralism in managing its affairs.
I say it the way I see it. I don't care who is offended. It is my right to question the integrity and character of any politician who goes on the aggressive side. TK and many others have been dreaming of the day when new a political party would emerge on the scene to replace the PPP as the representer of East Indians. Their view of the PPP is not all wrong. They see the party as one that has misled IndoGuyanese for a half century. What is so interesting is that the AFC is now dominated by members of the PPP.
I say it the way I see it. I don't care who is offended. It is my right to question the integrity and character of any politician who goes on the aggressive side. TK and many others have been dreaming of the day when new a political party would emerge on the scene to replace the PPP as the representer of East Indians. Their view of the PPP is not all wrong. They see the party as one that has misled IndoGuyanese for a half century. What is so interesting is that the AFC is now dominated by members of the PPP.
It is not a matter whether you care what I think but whether you care what you think.
I do not know on what basis you challenge TK's character. As an agent of or as one inclined to accepting the PPP as is; that is perplexing. The aggregate character profile of the PPP party and its explicit culture is that of the aggressively corrupt. There is no moral basis for how they want to rule. Their way alone cannot be the way in a democratic, plural and multiracial society.
I question your understanding of what you do as an individual outside that PPP culture. If I am mistaken and you are already be swept up in that melange of necrotiizing amorality; woe is you. The party as it presently stands, is under pinned by a system of rhetorical ethic. It is useless as a source for guidance or as lessons for life.
It is the right of anyone to want to replace any Party. That is healthy political activism. If you get the vibe that the PPP represent East Indian ( and I do not doubt the logical necessity of your conclusion), it is an unworkable reality for our society. Cooperation with not a subjugation of other pluralities must be the norm.
That brings us full circle to your question. TK must get along with others in the society and his party be they old communist or new liberal capitalists. It is about all of us getting a say and those representing us being respected and included in the deciding as we make our way in the world.
Moses and Khemraj were the most two senior Marxists after Jagan in PPP. Moses is still a Marxist.
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
---
Reading his columns and other writings I would say he is far from right wing.
Moses and Khemraj were the most two senior Marxists after Jagan in PPP. Moses is still a Marxist.
Rumouthar is a commie clown
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
---
Reading his columns and other writings I would say he is far from right wing.
Extremely far right wing.
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
---
Reading his columns and other writings I would say he is far from right wing.
Extremely far right wing.
----
I was not aware that someone who is "extremely far right wing" votes for Obama?
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
--------
You see the world as black and white...as too simplistic. But there are gray spots all over. There is much complexity. Furthermore, I support the idea of a third party and not a personality.
The pursuit of Socialist ideology is what destroyed Guyana. Those who supported or took part in furthering the cause, weather under the PPP or PNC have no place to hide. They have blood on their hands and carry the guilt of the nation. Many still don't see their folly but try their utmost to excuse it away.
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
---
Reading his columns and other writings I would say he is far from right wing.
Extremely far right wing.
----
I was not aware that someone who is "extremely far right wing" votes for Obama?
Some gravitate among political parties .. like from ..
PPP/C => ROAR => AFC => ???
Mr. Right Wing, TK, why did you choose to become a lapdog for die-hard PPP Marxists like Moses and Ramjattan?
---
Reading his columns and other writings I would say he is far from right wing.
Extremely far right wing.
----
I was not aware that someone who is "extremely far right wing" votes for Obama?
Some gravitate among political parties .. like from ..
PPP/C => ROAR => AFC => ???
Hmmm...someone has a serious problem making parallels.
BTW, even Britain is gaining from Putin's corruption and power grab as Russian billionaires choose to live in UK.
==============
Forget about the Russians, the French and Greeks are buying up property like crazy. Hollande has threaten the rich with a top rate of 75% and over 200,000 rich French now live and work in Chelsea, some even commute daily to work in France via Eurostar.
I see Tar_K has morphed into a camudi
BTW, even Britain is gaining from Putin's corruption and power grab as Russian billionaires choose to live in UK.
==============
Forget about the Russians, the French and Greeks are buying up property like crazy. Hollande has threaten the rich with a top rate of 75% and over 200,000 rich French now live and work in Chelsea, some even commute daily to work in France via Eurostar.
I see Tar_K has morphed into a camudi
---
Hahaha. I was wondering the same.
BTW, even Britain is gaining from Putin's corruption and power grab as Russian billionaires choose to live in UK.
==============
Forget about the Russians, the French and Greeks are buying up property like crazy. Hollande has threaten the rich with a top rate of 75% and over 200,000 rich French now live and work in Chelsea, some even commute daily to work in France via Eurostar.
I see Tar_K has morphed into a camudi
============
Interesting info Sunil. BTW...duh is meh neighbor Ali walking through meh backyard. The man was heading for the other neighbor pool but they shut him out