Dunno about Rufus, but I've never been there - 'Tho my old man who's never been there either, tells me a lifelong old mate of his who's not been there as well, reckons they're just a bunch of backward peasants ...
A Professional Demographer to an amateur demographer:"negative natural increase will never outweigh the positive net migration"
Dunno about Rufus, but I've never been there - 'Tho my old man who's never been there either, tells me a lifelong old mate of his who's not been there as well, reckons they're just a bunch of backward peasants ...
To be fair, 2/3rds of them are ....
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
This is one way of of getting around the very high and restrictive Chinese mortgage LVR'S.
Property boom drives up divorce rates
Amid rising real estate prices across China, Chinese couples are scrambling to get divorced to buy new houses, in an effort to circumvent government restrictions that require residents to pay more in down payment if they want to purchase a second house. "We already have two apartments but if we do not buy a third one, our housing accumulation fund would be wasted. Besides, real estate is a good investment option," an anonymous Shanghai resident who is planning to get a "fake divorce" with his wife told the Global Times on Monday.
According to the Shanghai government's current policy, homebuyers must put up to 50 percent down for their second house and 70 percent for a third one. A first-time homebuyer only needs to put down 30 percent. As price hikes extended from top-tier cities to medium-sized cities, three cities - Suzhou, Xiamen and Hangzhou - resumed home purchase restrictions, while several others raised minimum deposits.
In Guangzhou, capital of South China's Guangdong Province, appointments with a divorce official in September were fully booked in less than a week, local newspaper Yangcheng Evening News reported. "They still live a normal married life. The only thing that is different is what's written on their marriage documents. Some are even expecting their second child," an anonymous Beijing resident who has seen several colleagues getting a "fake divorce" told the Global Times.
"Nowadays, families are using 'fake divorces' as a tool to skirt the home purchase restrictions for different reasons, such as avoiding the home-purchase tax or buying a house in a school district," Lin Nan, a Beijing-based lawyer from Liang Gao Law Firm which specializes in marriage cases, told the Global Times on Monday.
Terry (and you also?) pretty much just basically reckon tha same about Aussies - 'N Yanks, 'n Brits 'n pretty much everyone. (Including ya ole mate 'mensa' from Ireland - Think it's you who calls her that isn't it?)
Terry (and you also?) pretty much just basically reckon tha same about Aussies - 'N Yanks, 'n Brits 'n pretty much everyone. (Including ya ole mate 'mensa' from Ireland - Think it's you who calls her that isn't it?)
At least the Chinese that work the land know they are peasants. Unlike the Aussies who think they are so clever and classless and free, but they are still f***ing peasants as far as I can see.
Speak when you are angry and you will make the best speech you will ever regret. Ambrose Bierce
At least the Chinese that work the land know they are peasants. Unlike the Aussies who think they are so clever and classless and free, but they are still f***ing peasants as far as I can see.
It's the peasants who call others peasants who are the worst.
Take risks - if you win you will become wealthy, if you lose you will become wise
China’s Rich List Reveals the Rise of a New Wave of Wealthy Chinese
Chairman of Baoneng Group, Yao Zhenhua, saw his wealth shoot up 820% to $17.2 billion
(SHANGHAI) – Chinese property magnate Wang Jianlin has defended his crown as the country’s richest man, according to the annual Hurun rich list, fending off Alibaba Group Holding Ltd founder Jack Ma and new players on the block like Baoneng’s Yao Zhenhua.
Wang, the chairman of Dalian Wanda Group, took the top spot with a personal fortune of $32.1 billion, the report said, despite Ma, the founder of e-commerce giant Alibaba, seeing his wealth surge 41% from 2015.
The annual rich list of China’s movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country’s super-rich – a trend that has been fuelling a boom in global deals. Yao Zhenhua, the chairman of Baoneng Group and the biggest riser since 2015, saw his wealth shoot up 820% to $17.2 billion, elevating him to fourth in the overall list. Yao has been at the center of a hostile takeover battle for China’s largest real estate developer China Vanke Co Ltd.
Hurun founder Rupert Hoogewerf said Yao represented a new wave of wealthy Chinese, those whose money came from playing the financial markets as opposed to more traditional routes like trade or manufacturing.
“There’s a new type of wealth creation coming out,” he told Reuters, adding China was having to adapt as the wider economy was “very materially slowing down”.
“Today it is about using the capital markets for financial investment,” he said.
Baoneng, a financial conglomerate that had been a relative unknown, rose to prominence over the last year by becoming the largest shareholder in Vanke, though drew criticism from Vanke’s own chairman over where it was getting its funds.
The report said there were now 594 dollar billionaires in China, putting China ahead of the United States’ 535. However, none of China’s super-rich make it into the global top 20.
Other risers included online gaming tycoon Ding Lei of Netease, appliance maker Midea Group’s He Xiangjian and property magnate Xu Jiayin of Evergrande. However, smartphone maker Xiaomi saw founder Lei Jun fall out of the top 10 as competition in China’s smartphone market rose.
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