China Growth Stocks

[GorillaGorilla]

CCLTF/CCLWF - like the article but he needs to have mentioned about the housing market. I think, and I can't be alone here, housing is reason CCLTF is down where and not the SPAC confusion. It's not like Chinese stick tiles onto the outside of their cars, more's the pitty.

Obviously, investor perception is negative at the moment but there are reasons to believe that PRC has to build more affordable housing while trying to remove the more speculative buying of houses.

There is a mexican standoff between PRC gov, Developers and buyers. I suspect when the smoke clears building will begin again.

"If property developers deter construction or stop buying land to save cash for market uncertainties in the second half of 2010, then the market supply for 2011 will largely shrink, worsening the already poor supply-and-demand relations," said Ren Zhiqiang, chairman of Huayuan Property.

In Beijing, for instance, only around 40,000 apartments are currently available for sale, much lower than the typical 100,000 units for sale, he said.


rich

http://www.chinadaily.com.cn/china/2010-05/11/content_9831967.htm