who here.
- Guangzhou since 2007 has so called 27 super expensive lands bided by
various real estate developers; 24 of them are still not being
developed. Those lands were over high 9-digits in value. But now
still not being developed; grass is overgrown everywhere. People
start wondering what is going on.
- BBMG the cement company that went IPO today surged over 56%. People
believe that the worst is over and the construction boom will
continue. Hence BBMG is the "darling" at the moment.
- A city mayor and his wife in a the self-administrative zone have
been sentenced to long time behind bar after being caught for bride.
On average this couple took in RMB 15,000.00 per day! That was since
2007. While they were being investigated, they continued to take
bride to "fix" things. Ummm.... Addiction or stupid?
- A laborer from Henan had to pay out of his own pocket to have his
lung cracked open in order to prove that his lung disease was work-
related. It made national news; after that, people were sacked.
Maybe they should all have their lungs cracked open without any
anesthetic as part of the punishment. I saw the footage on TV; not a
pretty sight for the laborer. See full article here: http://www.shanghaidaily.com/article/?id=408934&type=National
- This will be good. The Hongqiao airport, now is more like a
domestic airport, will finish its new Terminal 2 by March next year.
Just in time for the World Expos. If this new terminal going to have
more international flight, iron-wife and I will be eternally
grateful. No need to ride an hour to Pudong Airport. Hongqiao is
only 20 minutes away. I saw the new terminal the last couple months
flying in and out of Hongqiao. Man, it is massive! Wonder where all
those people have gone who used to live there.
- iPhone is coming, officially to China. What functions are
"forbidden" to work, not sure yet. Don't even believe what a Merrill
analyst said about what works and what not.
- Found a crocodile at a subway line 10 construction site. It's a
baby. According to the biologist, there is no more native crocodile
in Shanghai, extinct. This is a foreign "brand". Ummm... Take a look
here: http://sh.xinmin.cn/tufa/2009/07/28/2302376.html
- Official diesel price per tone is dropped by RMB 200.00 as of
today. 90 Octane will be phased out soon to "protect the environment".
- Chinese officials are worrying about real estate bubbles. Couple
weeks ago, it has verbally order to restrict mortgage. Applicants for
bank loans must pay 40% of the value.
- This place is overheated with exhausts, concrete jungle and
artificially inflated economy. Wonder when will be a one big bubble
burst. Keep building commercial buildings and just pluck things down
in not so favourable locations. Still thinking build it and people
will come mentality. Not good.
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