we know that china is 'cooking' the numbers of their growth !
we have data on their drop of electricity usage during GFC, drop in railway cargo transport...factual data that needs to be 'put together' in order to see the picture (that's how/why it survived...they didn't think we'd be bothered)...
they have whole suburbs of skyscrapers sitting empty (they figure it's better to build with strong dollar than latter when it drops...which it will...they will cause it for most part...)
that's the whole reason for chinese investor to 'run' away from such a 'prosperous market' such as it's own, peoples china !!!
unfortunately, limited as they are (hence the choice of asset class) they don't realise that it is their beloved china that is propping Oz market as well...so they are not investing in a 'safe heaven' as most of them tend to think...
short of 'accomodation throughout the university years'...it will turn out to have a completely opposite effect on their 'wealth building plan'...
interesting that our own 'sophisticated property investors' (which is a bit of a contradiction in term) are not 'flocking' anywhere...
...to any other heaven...
or are we (OZ) the last ones standing ? (cose we are different to EVERYONE ? in universe ? )
