China Housing Market (Boom or Bust)

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China Watch: Housing Inflation Slows, What’s Up with Renren?

May 3, 2011, 9:40 PM HKT

http://blogs.wsj.com/chinarealtime/2011/05/03/china-watch-housing-inflation-slows-whats-up-with-renren/

A daily list of the best of The Wall Street Journal’s China coverage and what the Journal’s reporters in China are reading and watching online. (NOTE: WSJ has not verified items in the ‘News Items’ section and does not vouch for their accuracy.)

WSJ Highlights:

China’s housing inflation, a persistent headache for leaders Beijing, slowed in April.
As companies line up to go public in Hong Kong, some prospective investors are starting to lose confidence.
Social network Renren, known as “China’s Facebook,” battles for the IPO spotlight with patent litigation specialists RPX.

News Items:

China says it plans to expand marine surveillance around disputed islands. (BBC)
Beijing reiterates calls for an “immediate” end to the conflict in Libya. (Reuters)
Another wedding, another food safety scandal: 200 sickened in Shanxi. (Xinhua)

Digging Deeper:

Green Economy: The Financial Times takes a spirited swing at China’s growing bevy of “illegal” golf courses.
Feeling Bubbly? Bloomberg examines why Chinese social network Renren is seeking a valuation more than double Facebook’s. Says one Chicago-based IPO investor: “You can say it’s overvalued, but people are going to buy it anyway.”
Covering bin Laden: The China Media Project assembles some of the more interesting Chinese newspaper front pages the day after the al Qaeda’s leader’s death was announced.