China should stop property stimulus now

BEIJING: China should immediately halt some of its real estate stimulus policies, or risk inflating a bubble that in its bursting would wreak financial and even social trouble, a central bank newspaper said yesterday.

Debate is heating up in China about whether and how to wind down loose monetary policy and heavy spending, with officials voicing worries about asset price rises but also fearful that the broader economic recovery remains fragile.An opinion piece in the Financial News, a newspaper published by the central bank, said rampant speculation in the country's property market was akin to a time bomb that could threaten future growth.

"If China does not exit its stimulus policy... property prices and the market may go out of control," it said.

Shanghai - Regency Park, Mainland China

China's housing prices have been rising since March propelled by a slew of government measures, from lower downpayments and mortgage rates to tax cuts.

Rising prices have encouraged developers to break ground on new projects, with real estate investment up an annual 18.9 per cent in the first 10 months of the year, compared with a mere 1 per cent rise in the first two months.

Nov24, 2009. - Reuters

倪安東‧The Blower's Daughter

Wow wow wow . . .

Look at that, despite of the fact that he's from the States, but, really ichiban!!

Enjoy。


p/s : Originated from Irish signer/songwriter Damien Rice, theme song from the movie Closer. This is a slide from a PK (kick-out) session in the 5th season of a popular Taiwanese singing competition. Many compliments him, and of course some commented as well, but personally, i felt he controlled the song pretty good, with great participating spirit. Impressive.

Latest TVB series in Hong Kong ..Altantuya?

In my previous entry, we acknowledged that Altantuya's name appears as one of the characters in Cambridge Dictionary. Ehm, don't ask me was that true or not, purchase one and check it out for me, waud ya?

The latest breaking news is the tragic will be shot as a TV series ..



aiya, sorry lah, i malas to translate what's written in the above poster...you all pandai pandai belajar Mandarin loh, i can provide tuition though, RM45 per hour , hee...


Ideally and logically, if that becomes a reality, highest audience rates will definitely come from Malaysian. Anyway, if Hong Kong's broadcast company does really make it a reality to film this as a TV series. I'm sure rated highest of audience wouldn't been Malaysian anymore.

Coz' for sure the series will by all mean, being banned mah..

Forced to become old

I'm sitting in Starbuck Cafe now, up on the hill of Genting Highlands.

Me and a younger friend, and my elderly temple member went up to Genting Highland this morning. We took the bus from 1-Utama station. All the seats are taken up, suprisingly, on this Monday morning. Almost 95% are Chinese uncles and an-tiees.

The driver put up a CD, with numerous 80's canton classics (they were my secondary school period titles-lah), all made popular by singers such as Samuel Hui, Wong Meng-Chuen, Chan Pak-Keung etc etc... sung out by unknown artistes a.k.a. to the ori singers though, with higher tempo compared to the original titles.

My friends commented to me, rather loudly from his seat, over the pathway, pointing to the speakers : "You can't afford to be old now" !!

CHEERS


p/s : tsf, hi bro, have you been to GH lately, still trying your luck up there??