China has become the
main engine of the world economy, accounting for one-third
of global GDP growth in the first half of this year. Will
it keep humming?
Compared
with many other emerging economies, notably Brazil and Russia,
which have recently suffered big capital outflows, China
has so far largely shrugged off the global credit crunch.
But there are signs that China’s economy is sputtering.
More
generally, China’s banks should be better insulated
from the global credit crunch than Western banks because
the country’s system is funded through deposits rather
than capital markets. Chinese banks’ loans amount
to only 65% of their deposits, compared with far higher
ratios in America and Western Europe.
A
fall in house prices will in any case hurt Chinese consumers
much less than their American counterparts because Chinese
households are not up to their necks in debt. Total household
debt amounts to only 13 percent of GDP, against 100 percent
in America.
Chinese
consumer spending actually strengthened this summer, with
retail sales rising by 17% in real terms in the year to
August. The main impact of the property downturn will be
to depress construction.
List
of China Realitors:
1.
Service
Apartment in China
Portal for booking of Serviced Apartments in Apartments
in Shanghai, Beijing, Guangzhou, Shenzhen, Chongqing, Suzhou,
Wenzhou, Hangzhou, and all over China.
2. China
Real Estate, Property, Homes for sale lease and rent
China's no 1 real estate website - search for all your
residential real estate needs and home furnishings.
3. Shanghai
Vision - Investing in Shanghai Property
We offer a turnkey service; from finding properties and
tenants to property management and ultimately, disposal.
Minimal work for investors and best returns from carefully
selected properties that offer the best capital growth opportunities.
4. Pacific
Property
A professional online marketplace which provides a wide
selection of commercial and residential properties developed
by Hutchison Whampoa Properties Limited.
