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Thursday, March 18, 2010
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Thursday, March 18, 2010
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The Hushen Index, reflecting China’s Shanghai and Shenzhen stock markets, is down nearly 70 percent from its peak last November.
He Qinglian's opinion: The following facts are the cause of China’s economic crisis: Crash of real estate and the stock markets, heavy losses from toy exports and the milk scandal, as well as high inflation.
A large numbers of operators in the Chinese stock exchange are finding themselves out of work.
The global financial crisis may already be affecting China's exports.
Starting November 1, the Chinese regime will temporarily abolish individual stamp tax for people who purchase or sell residential housing.
Recently, many real estate agents have started using large discounts to attract buyers.
China Customs reported on October 13 that between January and July of this year, more than 52 percent of small Chinese toy exporters went out of business.
or a long time China’s “Golden Week,” a long holiday celebrating National Day, has been synonymous with a boon for the housing market.
Chinese media now reports that melamine has also been found in vegetables throughout the country.
Beijing's existing and new home prices continue to fall as the economy slows down.