The Chinese are Coming!!!! THE CHINESE ARE COMING!!!!

[zorgon]

The Chinese are Coming!!!! THE CHINESE ARE COMING!!!!

Once upon a time Paul Revere warned us that "The BRITISH are Coming!!!"

Well to day it is the Chinese...

While we are selling our soul and buyingcheap Chinese goods... they are looking for quality American goods

But not only that... they are literally buying up the land as well...


Chinese Citizens Buy 1 Out Of Every 10 Homes Sold In California In The Last Year



Chinese buying foreclosed houses in the USA

[zorgon]

Chase Manhattan Plaza Sale Sets Record for Chinese Buyers

JPMorgan Chase & Co.'s deal to sell 1 Chase Manhattan Plaza to Fosun International Ltd. would be the largest purchase of a New York building by a Chinese buyer, showing Asian investors' growing appetite for U.S. real estate.
Shanghai-based Fosun, run by billionaire Guo Guangchang, agreed to buy the 60-story lower Manhattan tower for $725 million, according to a statement filed to Hong Kong's stock exchange. The 2.2 million-square-foot (204,000-square-meter) steel skyscraper was completed in 1961.

Chinese buyers are expanding U.S. property investments, seeking yield and a safe haven while the government maintains curbs on domestic purchases. This year, a group including Zhang Xin, the billionaire co-founder of Soho China Ltd., took a stake in midtown Manhattan's General Motors Building. Greenland Holding Group Co., a Shanghai-based, state-owned developer, agreed this month to buy a 70 percent share of Atlantic Yards, a residential and commercial project in Brooklyn.
"The wave continues with this purchase," said Dan Fasulo, managing director of property-research firm Real Capital Analytics Inc. "We've seen a series of trophy transactions in key cities around the United States done by the Chinese, in New York, San Francisco, Los Angeles, as well as smaller acquisitions in other markets around the country."

http://www.bloomberg.com/news/2013-10-18/jpmorgan-tower-sale-sets-record-for-chinese-in-new-york.html

[zorgon]

U.S. home market pulls in more Chinese buyers

China's great wall of cash is pouring into the struggling U.S. property market, from multi-million-dollar mansions on the West Coast to venerable hotels on the East Coast.
Buyers from mainland China and Hong Kong are snapping up luxury homes, often paying cash, in major U.S. cities such as New York, Los Angeles and San Francisco. They're coming by the dozens to buy foreclosed properties in downtrodden cities in Florida and Nevada. Chinese buyers are even starting to snap up pricey commercial buildings and hotels in Manhattan.

Chinese interest in U.S. real estate began climbing during the U.S. housing meltdown, when plunging property prices made the U.S. a magnet for global buyers. Today, interest is growing as a rising yuan — up more than 8% since mid-2010 — gives the Chinese greater purchasing power, and the mainland's restrictions on property purchases encourages them to look overseas. With U.S. single-family home prices a third lower since 2006, the U.S. also compares favorably with other top markets for Chinese investment, such as the United Kingdom, Australia and Canada.

http://usatoday30.usatoday.com/money/economy/housing/story/2012-04-03/us-homes-lure-chinese-buyers/53977638/1

[zorgon]

Chinese buying more U.S. homes

Chinese buyers with cash are purchasing more U.S. real estate, second only to Canadians among foreign buyers, according to new data from the National Association of Realtors.

In California, Chinese buyers accounted for 53% of the sales to foreigners. According to the NAR data, Chinese buyers are most interested in Detroit, Los Angeles, Irvine, Calif., Las Vegas and Orlando, Fla.

"The uptick in sales to Chinese buyers started several years ago but it has increased dramatically lately," Sally Forster Jones, an agent with Coldwell Banker International in Los Angeles, told CNN Money. She says her clients are mostly wealthy business people and estimates she had made 10 multimillion-dollar sales to Chinese clients in the past year.

http://realestate.msn.com/blogs/post--chinese-buying-more-us-homes

[zorgon]

China overtakes US as world's top trading partner

[zorgon]

Will the US dollar fall to the Chinese Yuan?

[deuem]

We still have the fed and buying our goods out of country, when we learn not to do these we can go ahead again. The job market here is truly unbelievable. Millions working to supply the world. If I can remember that far back, we used to do this.

If you want to learn Chinese, let me know. We have a lot of ghost cities waiting for the refugees from poor America. Mc Chise Burgers anyone. I also see they bought the largest Ham company {pigs} amongst everything else. Get used to chopsticks and the Yuan [rmb ,their dollar] When they go one to one [dollar vs yuan] you and I are toast. The only thing keeping them held back is the trade rate. 1:1 and there will be a shark hunt for everything available and not available.

Most people here are starting to feel sorry for the US people. They can see how well we are doing. The tag sale sign is going up all over America. In the US the land prices are less than half plus you own it. Here they are more than double and for a home it is yours for 75 years.

No one has passed that mark yet and no one knows if you can keep it then or if it goes back to the government to be sold again. Factories only get 50 years. But during this time there are no taxes. Zippo ! It is yours for that time. The land cost paid the taxes. This is why they are building a lot of high rise apartments. The tax is the same. So the owner makes more profit.

Our problem started with Greed. Once one owner figured out he/she could build off shore and make 3 to 10 times the profits we all were doomed. If the others did not follow they would be out of work also. If at all possible, trade should be restricted to items we can't get or grow. Like coffee or bananas. Anything that can be built or grown at home, should be. Also lazy comes into the picture. For many years we had job openings that went unfilled because no one wanted to work. The assistance from Uncle Sam was too close to low wage jobs. So which one would you take? Here there is no assistance from Uncle Buda so all the people work. Work or go hungry, I guess.

When the Chinese start buying all those empty FEMA camps it is time to run.. lol, that is just a joke.

[zorgon]

If you want to learn Chinese, let me know.

Well I know enough to say hello and goodbye and order most food at a Chinese restaurant

We have a lot of ghost cities waiting for the refugees from poor America.

HEY!!!! How is this for an idea?  We get one of those cities for Pegasus... drop in a solar power plant and do research. Make it like that TV town EUREKA...  I am sure the Chinese would be interested in the research and not try to squash it

Get used to chopsticks and the Yuan [rmb ,their dollar]

I am a master with chopsticks three different way to hold them, so is my daughter. I worked in a Chinese takeout for a couple years in Toronto right after high school Made more money a week than my dad who was a manager at a department store and brought home food free every night

I also really like those Chinese gals

Most people here are starting to feel sorry for the US people. They can see how well we are doing. The tag sale sign is going up all over America. In the US the land prices are less than half plus you own it. Here they are more than double and for a home it is yours for 75 years.

Yup Hey I'll take a Chinese neighbor over a Mexican drug gang ANY DAY 

When the Chinese start buying all those empty FEMA camps it is time to run.. lol, that is just a joke.

Maybe we can convince them to gather up the politicians and keep em there   Poetic Justice

[Elvis Hendrix]

Straight from RT front page today.


For all its immense internal problems and sociopolitical challenges, China also has every reason, long-term, to be on a high. This has everything to do with the productivity of 20 percent of mankind being unleashed wave after wave. The US underestimates Chinese resolve at its own peril. In 2012 China's GDP per capita was around $6,100 (compared with $50,000 for the US). Beijing will go no holds barred to quadruple it by 2020. 

Imagine a country that in the foreseeable future remains the key node of the global supply and production chain – the Supreme Trading Power. 

Imagine a country that by 2020 will have around 195 million university graduates – which is more than the entire US workforce. 

Imagine a country engaged in the most astonishing urbanization process in the history of the world – yielding 221 new cities with over 1 million people each by 2025, most of them, of course, voracious consumers. 

Imagine an Iron Silk Road – also known as the Third Eurasian land bridge, a 15,000km high-speed rail network - linking the southeast port of Shenzhen; Kunming, in southern Yunnan; and Xinjiang, in western China, to Myanmar, Bangladesh, India, Pakistan, Iran, Turkey and then all the way to the mega-port of Rotterdam. That translates into China significantly less worried about shipping across the Indian Ocean through the bottleneck of the Strait of Malacca, which could one day be blocked by US warships.


Imagine the Chinese-financed cousin of the Panama Canal; the $40 billion, 286km Nicaragua canal linking the Caribbean to the Pacific.


Imagine the port of Lianyungang as the departure node for the Second Eurasian land bridge linking China to Kazakhstan, Russia, Belarus, Poland and then all the way to the juicy markets of the European Union.


This is what the collective leadership in Beijing is imagining; the mega-connected largest economy in the world. And when that happens, new rules must apply.

[deuem]

Z, good answers there, I also like Chinese girls, I married one. After all the married years I still get breakfast in bed. Eat your heart out....lol I never asked even once. She just likes to do that for dear ol Deuem. Spoiled, yes.....

Elvis, everything you wrote plus a lot more is being worked on or the plans are. They work the 5 years plans to death untill they have a plan. Once the plan starts, nothing stops it. Wish we had even a 5 month plan. They have caps on all expences. A cost over run is never a big problem. Work gets bid out and done.

I think that after the high speed rails for people are done they will go back and retro fit the old rail system for freight. One trip on the old system [same as home] took me almost 18 hours. On the new train it took 3 hours. The cleanest train I ever saw with staff dressed like on an airplane. Many propeller planes can't do 310 kph.

Imagine a country that by 2020 will have around 195 million university graduates – which is more than the entire US workforce. 

I am not to worried about this number. The school system is far behind the West. When they go abroad they have to start all over again. What it does do for them is it gives the graduates a step up from the worker force. So it puts them in an office job. Most jobs even at home require on the job training so they have an open door to this with a diploma. No diploma, you work on the assembly floor. So parents are doing what ever they can to get their kid that diploma.

After more and more West educated students come home and start teaching world class is when we will really be in trouble. They are working on it so it is only a matter of time.

Deuem

[ArMaP]

The Chinese are Coming!!!! THE CHINESE ARE COMING!!!!

Just one correction, they are already there (and here).

[robomont]

i agree w all above except the business growth curve.natural resources are getting slim except for natural gas.especially precious metals.this will limit luxury goods.

as fuku pollutes pacific fisheries more food will be shipped from abroad.with low value of dollar .products to usa will slow to a halt.thus slowing growth in china.in a couple more years the chinese factory workers will be moving back to the country.
thats what i think is coming.what do you think deuem?

[deuem]

i agree w all above except the business growth curve.natural resources are getting slim except for natural gas.especially precious metals.this will limit luxury goods.

as fuku pollutes pacific fisheries more food will be shipped from abroad.with low value of dollar .products to usa will slow to a halt.thus slowing growth in china.in a couple more years the chinese factory workers will be moving back to the country.
thats what i think is coming.what do you think deuem?

Right now the growth is depending alot on imports China does not manufacture because of raw material shortages for a lot of things.Oil, steel and cement are some of the leaders.

On the luxury goods, they are always an option to buy as for anyone. If they can't spend their money here they will spend it abroad. Like buy Texas. At least they pay cash. lol  Except for the cars, which they make here now I need more details to chase. Just remember the locals can deal with 1/10 of what we do and still be happy. In the states if someone cracks a nail, the world is going to end. Call this the spoiled factor.

I have not heard squat about fuko here since it first started. Thor knows more than the entire country collectively. Most of the currents are still keeping the radiation off shore enough that it has not effected the locals. My wife says she has heard nothing for at least 6 months. I think Japan is lucky the wind is heading the other way. If it went west then I think Japan would have see the 3rd live test [maybe] After all the capital is in a straight line and it would take it out very quickly. Since before WW2 there has been no love lost between the two. So maybe.

If sea fish do stop, they will just shift over to the fish farms 100%. There are at least a million of them so they will eat fish no matter what. Although the Chinese eat much more fish that the US, they are not as crazy about it as the japanese are. China has land to grow many things where Japan is very limmited and rely on Sea fish.

On them moving back; That is an easy thing for them to do. Most workers travel great distances to work, one year at a time. Nobody at home would do that. I think if the world gives them a few more years they will finish putting the country together. It won't need the outside. Sort of like the US was in 1940 to 1950+ Isolation was not a problem, It actually was a great time back then.

I guess I see a better picture than you see on the TV. Most people want what we have, to be more like us [without the politics we now have] Time will tell.....

Deuem

[Somamech]

We have the same occurence in regards to cashed up mainlanders buying hyper inflated realestate here in Oz.  Sadly the oz Gov has little data refarding this occurence 

This make me a slight bit mad because the price of buying a home here is so insane to the point a whole generation are locked out of home ownership.   

On the plus side though:  We get new trains here and they are destroyed visually by locals, and now I notice that mainlanders doing the same with their train travelling techniques of spitting food out onto the floor on newspapers thinking someone will come and "mop their arse" (for those that speak the lingo you will know what that means) who don't exist 

China still cant get back their Jade Cabbage  

http://en.wikipedia.org/wiki/Jadeite_Cabbage

[robomont]

i saw the property issue when i went to vancouver in 97.yes its spreading world wide.i was looking at belize and island realestate .everthing is inflated in my opinion.in my area the mexicans and young are buying older houses and the sellers are building new ones.otherwise construction would be dead around here.not like the scale of 97-99.