10 Disturbing Numbers From China (While All Eyes Remain On Europe)
After selling off significantly over the summer, the market has had one of its best months in decades during October. The commodity stocks that helped lead the selloff on concerns about Chinese demand growth have recovered but are still off substantially from their pre-selloff highs.
One of myriad reasons for the overall market rally has been the better than expected manufacturing and other economic reports coming from the Middle Kingdom. However, while all eyes are on Europe there are disturbing signs still coming out of China that point to a huge property/lending bubble that could be the next headwind to rock the equity markets worldwide.
10 disturbing numbers from China:
1. 6.1% - The reported inflation rate as of September.
2. 9-11% - The probable real rate of inflation in the country.
3. $14.5 Billion – China’s monthly trade surplus in September. This is down from $17.7B in August and $31.5B mainly due to Europe. Whether this is an inflection point like September 2008 or just a blip is yet to be determined.
4. 30% – The current amount of disposable income that is saved in China. This is up from 19% in the mid 90’s even though household income was up five-fold during that period. The high saving rate is the result of a poor social safety net, lack of investment opportunities outside property and low interest rates on bank deposits among other reasons. This does bode well for Chinese efforts to balance their economy by making its trajectory more led by consumer spending.
5. 50% - China’s investment to GDP ratio, the highest of any major economy. This can lead to poor capital allocation, excess capacity and increased economic volatility.
6. $4.2B – Forex reserve growth in the third quarter. This compares to a monthly average of $58B a month in the first half of the year. A precipitous drop similarity occurred in the second quarter of 2008, foreshadowing a huge drop in commodity prices and worldwide growth.
7. 1400% - The amount of median family income in Shanghai it takes to buy an apartment. This is up from 600% ten years ago. Other major cities show similar rises. This is a sign of a huge property bubble and reminiscent of the rise in the Western countries until 2005/2006.
8. 22% - The fall in the Chinese equity market since July.
9. $7.8T– The amount of lending that has occurred in the Chinese economy in the past 30 months as the government juiced liquidity to stave off any economic slowdown from the 2008 financial crisis.
10. 50% - The estimated percentage of this lending that was “off the balance sheet.”
China Housing & Land Development Announces Change in Board of Directors Chalone Wine (NASDAQ:CHLN) Historical Stock Chart 1 Month : September 2011 to October 2011
China Housing & Land Development, Inc., ("China Housing" or the "Company," NASDAQ: CHLN) today announced that it has appointed Mr. Yusheng Lin as an Independent Director of the Company, effective October 13, 2011. Mr. Lin replaces Mr. Michael Marks, who, for personal reasons, has resigned his position as an Independent Director of the Company's Board of Directors (the "Board"), effective immediately.
Mr. Yusheng Lin is the Deputy General Manager of SZ Kingworld ("SZK") and Executive Director of Kingworld Medicines Group Ltd. (stock code: 01110HK) ("KMG"). He has been the deputy general manager of SZK since June 2006. He is primarily responsible for the capital management and the operations of KMG. He has approximately 10 years of experience in the pharmaceutical industry. From 1999 to 2004, he worked at Xi'an Lijun Pharmaceutical Company Limited ("XLPC"), which is principally engaged in the manufacture and sale of pharmaceutical products in the PRC. XLPC is a wholly owned subsidiary of Lijun International Pharmaceutical (Holding) Company Limited (stock code: 2005HK) ("XLPC Parent"), a company listed on the Hong Kong Stock Exchange which, together with its subsidiaries, is engaged in the research, development, manufacture and sale of finished medicines and bulk pharmaceutical products to hospitals and distributors. Mr. Lin held the position of vice president of XLPC Parent from 2004 to 2006. From 2005 to 2006, he also held the position of chairman of Lijun Fang Yuan Pharmaceutical Company. Mr. Lin obtained his Bachelor's Degree in Philosophy from Yanan University in 1989 and his MBA from Hong Kong Polytechnic University in 2006.
Mr. Pingji Lu, China Housing's Chairman of the Board commented, "We are delighted to welcome such a highly knowledgeable and experienced Independent Director as Mr. Lin. We believe he will be a strong addition to the Board with his strong background in business operations and capital management. We look forward to working with him in a role that serves in the best interests of our shareholders."
"We want to extend our appreciation to Mr. Marks for his valuable contributions to the Company over the years. He brought to the Board valuable input and insight in the areas of accounting and corporate governance. We wish him the best in his new endeavors," concluded Mr. Lu.
About China Housing & Land Development, Inc.
Based in Xi'an, the capital city of China's Shaanxi province, China Housing & Land Development, Inc., is a leading developer of residential and commercial properties in northwest China. China Housing has been engaged in land acquisition, development, and management, including the sales of residential and commercial real estate properties through its wholly-owned subsidiary in China, since 1992.
China Housing & Land Development is the first and only Chinese real estate development company traded on NASDAQ. The Company's news releases, project information, photographs, and more are available on the internet at www.chldinc.com.
: rubrik: china allerlei_konsum konsum konsum
China's 3 Ministries To Make Joint Efforts To Boost Consumption
SHANGHAI (Dow Jones)--China's commerce ministry, finance ministry and central bank will make joint efforts to boost consumption in a bid to letting consumption play a larger part in the country's economic growth, the commerce ministry said in a statement on its website Tuesday.
The commerce ministry said it will appoint one month as promotion month starting in 2012, encouraging nationwide sales and promotions.
The statement said the finance ministry will guide funds to improve market logistics and the central bank will encourage credit support for consumption.
-By Wynne Wang, Dow Jones Newswires; (86-21) 6120-1200; email@example.com
- Current report filing (8-K) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: October 13, 2011
CHINA HOUSING & LAND DEVELOPMENT, INC. (Exact name of registrant as specified in its charter)
Nevada 000-51429 20-1334845
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)
6 Youyi Dong Lu, Han Yuan 4 Lou Xi'An, Shaanxi Province, China (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
710054 (Zip Code)
86-029-82582632 ( Registrant’s telephone number, including area code)
N/A (Former Name or Former Address if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 13, 2011, Mr. Michael Marks resigned from the Board of Directors (the “Board”) of China Housing & Land Development, Inc. (the “Company”), effective immediately . In effect, Mr. Marks will also no longer serve as Chairman of the compensation committee or as a member of the audit committee of the Board. There are no disagreements between him and the Company on any matters .
On October 13, 2011, Mr. Yusheng Lin was appointed an independent director of the Company. He will serve as Chairman of the Nominating and Corporate Governance Committee of the Board, as a member of the Audit Committee of the Board and as a member of the Compensation Committee of the Board. As a member of the Board, Mr. Liu will receive approximately $15,000 and 5,000 shares of the Company’s common stock in annual compensation.
Mr. Yusheng Lin is the Deputy General Manager of SZ Kingworld (“SZK”) and Executive Director of Kingworld Medicines Group Ltd. (stock code: 01110HK) (“KMG”). He has been the deputy general manager of SZK since June 2006. He is primarily responsible for the capital management and the operations of KMG. He has approximately 10 years of experience in the pharmaceutical industry. From 1999 to 2004, he worked at Xi’an Lijun Pharmaceutical Company Limited (“XLPC”), which is principally engaged in the manufacture and sale of pharmaceutical products in the PRC . XLPC is a wholly owned subsidiary of Lijun International Pharmaceutical (Holding) Company Limited (stock code: 2005) (“XLPC Parent”), a company listed on the Hong Kong Stock Exchange which, together with its subsidiaries, is engaged in the research, development, manufacture and sale of finished medicines and bulk pharmaceutical products to hospitals and distributors. Mr. Lin held the position of vice president of XLPC Parent from 2004 to 2006. From 2005 to 2006, he also held the position of chairman of XLPC . In 1989, he obtained a bachelor’s degree in philosophy from Yanan University. He received a master’s degree in business administration from Hong Kong Polytechnic University in 2006.
Item 8.01 Other Events.
On October 13, 2011, the Company issued a press release announcing the events discussed in Item 5.02 above. A copy of the press is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
Press Release dated October 13, 2011.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Etwa 100 Milliarden Euro wären die Chinesen unter Umständen bereit, in den Rettungsfonds EFSF einzuzahlen. Der Preis wäre erheblich: China verlangt politische Stabilität und möchte bei wichtigen Unternehmen einsteigen.
Use China Daily website to find breaking business news headlines and articles on the economy, statistics, stock market, investing, personal finance, earnings and more. BizChina has sub-channels like economy, companies, money, energy, cars and technology.
: Q4/11 war gut, rest des jahres weniger
Highlights for Q4 2011:
Total revenue in the fourth quarter of 2011 increased 49.2% to $47.9 million from $32.1 million in the third quarter of 2011 and increased 32.8% from $36.1 million in the fourth quarter of 2010. Total gross floor area ("GFA") sales were 44,631 sq. meters during the fourth quarter of 2011, compared to 24,793 sq. meters in the third quarter of 2011 and 30,680 sq. meters in the fourth quarter of 2010. Average residential selling price ("ASP") in the fourth quarter of 2011 was RMB 6,301, compared with RMB 5,574 in the third quarter of 2011, and RMB 6,661 in the fourth quarter of 2010. Gross profit decreased 27.7% to $6.9 million from $9.5 million in the third quarter of 2011 and decreased 15.8% from $8.2 million in the fourth quarter of 2010. Fourth quarter 2011 gross margin was 14.4% compared to 29.7% in the third quarter of 2011 and 22.7% in the fourth quarter of 2010. SG&A expenses as a percentage of total revenue decreased to 7.0%, compared to 9.1% in the third quarter of 2011 and decreased from 10.4% in the fourth quarter of 2010. Operating income decreased 64.7% to $2.2 million from $6.1 million in the third quarter of 2011, and decreased from $3.0 million in the fourth quarter of 2010. Net income attributable to the Company in the fourth quarter of 2011 was $2.8 million, or $0.08 per diluted share. Excluding the $0.3 million gain associated with the revaluation of derivatives and warrants, net income was $2.5 million.
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