Topic: Hangzhou
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China's real estate bubble? Three reasons it's not.
Many analysts and market watchers, whose job it is to warn of impending real estate bubbles, have trained their sights on China. It's easy to see why. The economy has expanded an average 10 percent a year for the past 30 years, an incredible growth rate. Average housing prices tripled between 2005 to 2009 alone. But here are three reasons Chinese real estate has more room to run on the upside before the good times end:
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In Pictures: Christmas in China
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Photos of the Day: Photos of the Day 08/23
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In Pictures: China's Lantern Festival
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In Pictures: Polar bear swimmers
All Content
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Why you should love your city more than your country
Patriotism applies to countries, while 'civicism' applies to cities – where more than half the world's population lives. As the world urbanizes, a new class of global cities is competing for the affection of residents and tourists. There are several reasons to welcome this development.
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China's real estate bubble? Three reasons it's not.
Many analysts and market watchers, whose job it is to warn of impending real estate bubbles, have trained their sights on China. It's easy to see why. The economy has expanded an average 10 percent a year for the past 30 years, an incredible growth rate. Average housing prices tripled between 2005 to 2009 alone. But here are three reasons Chinese real estate has more room to run on the upside before the good times end:
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China's new independents tap social media to challenge Communist party
About 80 independent candidates for local Peoples' Congresses are using the power of social media in China to challenge the Communist party's lock on political office.
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China embraces an old Western tradition ... property taxes
Looking to rein in China's skyrocketing home prices, the government began a pilot program that imposes property taxes on high-end properties.
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In Pictures: Christmas in China
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China: Portrait of a People
Photojournalist Tom Carter spent two years capturing China’s people and their lives through his camera lenses.
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Photos of the Day: Photos of the Day 08/23
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Discoveries
UFO over Chinese airport [VIDEO]
UFO Over Chinese Airport, Texas chupacabra sightings: Extraordinary claims call for extraordinary evidence.
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Global News Blog
China UFO spotted again. Why skepticism is warranted.
China UFO sightings continued Thursday in the eastern part of the country. Last week, Xiaoshan Airport in Hangzhou closed for two hours when an unidentified object hovered over the skies.
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In Pictures: China's Lantern Festival
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In Pictures: Polar bear swimmers
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China courts its creative types in a massive way
It aims to repeat its manufacturing success by grouping artistic professions the way it did its factories.
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A solar eclipse for the people
Not just devoted eclipse-chasers but millions of others were able to view the longest solar eclipse of the century as it passed over Asia Wednesday.
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In China, a rush to get home for New Year's
Millions – many now jobless – pack the railways during the world's largest annual migration.
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World
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Trial of dissident Chinese writer Lu Gengsong opens as curbs tighten on dissent
He was detained for writing that 'subverted the state.'
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