Bloomberg Business – “Gan’s survey, which was conducted at the end of 2014 and covers some 4,000 households across the country, finds that the biggest new investors in China’s equity markets have below a high school education and relatively low levels of asset ownership.”
Small and medium size investors are getting into shares for the first time. And these new investors are not high flying whizz kids from the city, more likely, according to this research non-savvy, non-educated aunts and uncles jumping on for a free ride to high returns.
As the property market has become less attractive, with Xi Jinping’s increased anti-corruption measures and oversupply in the market, who can blame them? …
OK. So those not been to China, will not know: the nation’s idea of innovation is looking at other peoples ideas and copying them… Being from the Shanghai area, as you can imagine, it’s more of a way of life…
Coming and looking around the markets and stalls, you’ll think you’ve found a bounty of Western goods! With the same standards, and finish quality, same functionality etc.
I’ve bought several items now in varying degrees of ‘knock-off’ ness.
For the Chinese, there is no line between ‘knock-off’ and genuine. Knock-off is the genuine, so you got to be careful about what you do and where you spend your money…
I’m going to be keeping a kind of ‘knock-off’ diary. Browse at your leisure… (If you need anything, shoot me an email and I can sort u out!)
Here’s a list of the current ‘knock-off’ goods, their failure level and the prices paid.
We have a little two or three day holiday at the end of this week.
I may take this time to have a look around Nanjing which is a short distance away.
I’ve been planning to sample this Chinese dish.
During the mid autumn festivals, Chinese are overcome by thoughts of mooncake!
Both giving and receiving, it is very important part of the Chinese culture and celebration.
The mooncake comes in all different boxes. There are many fillings, which traditionally, are wrapped in a pastry baked in an oven. With elaborate designs on the top, the cake is of a heavy, doughy consistency.
Pretty filing, the cake should be enjoyed all over the mid-autumn festival.
The box shown, was dedicated by one of the children’s parents at kindergarten.
Gasping at the Mooncake!
Such an exiting thing! Have been looking at these stands in the supermarket!
They’ve been here for the past 3 months or so…
The favor of the mooncake knows no bounds here! Fer sure….
Things must have got drawn out, and I ended up missing my flight to Hong Kong.
As even more of a bummer, my boss transferred enough money for the trip. Went to the China Bank atm. Pulled my card out, having been over 1 month since I used it, plus the fact I only used it once, plus the fact that it’s a 6 digit code. I’ve entirely forgotten my PIN!
SO that money is useless. It’s going to remain unspent.
This has landed me in some financial difficulties. Not a new thing. I won’t have much money, just enough to eat and stay in. Standard life in Hong Kong for me.
The new flight cost me about £160. Visa cost £110. I’ve got £40 in cash and £100 in my account from the UK.
Pudong on the Metro
Pudong is a long way out. For those hoping to take the metro out there, it’s 16 stops from Peoples Square.
Turns out I’m going to have to transfer money from the UK and be skint again in Hong Kong. I guess you get used to it.