the "point" was supplying cheap goods.......................................and they'll still be doing it at long after you're gone at $7800 a yr ROCKETMAN
Per capita income in 2013 as per IMF is $6,747 and as per WB is $ 6,807.
With that income the Chinese get more for your buck then in an western parts of the world. Look at the way they build their cities in the last 2 and 1/2 decades what cheap costs can buy.
Nolic- you can still post your absurd comments because it is fun to see how some humans have limitations in using their neurons- they need some major overhaul. But it is sad that is late, but then others get to enjoy at your expense.
You really are an IDIOT the average wage in China is about $5000 a yr. ccording to CNN's online global wage calculator, which uses data from the International Labor Organization, the average annual salary of a worker in China's private sector was 28,752 yuan (about $4,755) in 2012, or 38% of the global average.
China's role in supplying cheap consumer goods to the West could end in coming years due to rising domestic consumption and worker pay, stoking inflation and unsettling retailers in Western markets, the chairman of logistics group Li & Fung warned.
"China will disrupt the world," William Fung of Hong Kong-based Li & Fung, which supplies firms like Walmart Stores Inc with clothing and toys, told the World Retail Congress, an annual gathering of retail industry executives, on Monday.
China is a country that operates in economic cycles of 30 years, Fung said, and between 1979 and 2009, it had been the world's "factory" producing consumer goods at low prices, notably thanks to the low wages paid to its workers.
"For 30 years, China kept consumer prices low and people like us enjoyed very good margins," Fung said.
Since 2009 China had started to boost economic growth through greater domestic consumption while wages have risen.
"When China starts consuming and with India right behind it, I predict a round of price increases and margin squeezes," he Fung said.
Over the next 30 years, China and India could add more than one billion customers - both "an opportunity and a threat" for the retail industry, he added.
No more cheap goods for us.
The problem is that if it falls to $2.50, the same investor will say "it's a better buy at $2.00". Hold the dividend where it's at and we have a base.
The news, which came on the eve of the Golden Week holiday, signalled that China's central authorities were serious about preventing further deterioration in the property market, which accounts for about 15 percent of the world's second-biggest economy.
"We will see the market boom with sales during the Golden Week," said Liu Yuan, the head of research at Centaline, a property consultant, in Shanghai.
"Such good news will make developers adjust their sales strategy overnight," he said, predicting a 15 percent monthly jump in property sales in October.
Second-home buyers can now get a 30 percent discount on their mortgage rates, an offer previously limited only to first-home buyers, the central bank and the banking regulator said. Downpayment levels were also cut to 30 percent from 60-70 percent.
Home prices fell for the fourth consecutive month in August while new construction activity continued to slump, leading many analysts to argue that only a cut in mortgage rates could turn things around for the sector and the economy.
Factory output and a broad measure of credit supply in China both skidded unexpectedly to six-year lows this summer. That fuelled bets that China's leaders would have to further loosen fiscal and monetary policies if they wish to grow the economy by around 7.5 percent this year, as targeted by the government.
"I think the big macro call for China is: will home buyers respond to the signal from the central government that it's time to get back into the market?" said Tim Condon, an economist at ING Bank in Singapore.
To support the housing market, 40 of 46 regional Chinese governments have already abolished housing investment limits that were originally in place to calm frothy home prices. Yet prices have continued to drop in a record number of cities.
Now authorities have relaxed the rules even further.
In cities without housing investment limits, banks lend to those buying their third homes and who do not have any outstanding unpaid mortgages. Banks were previously barred from lending to residents who were trying to buy more than two homes in big cities.
"For families that own one home and have paid off their mortgages, banks should treat them as first-home buyers," the People's Bank of China and the banking regulator said in a joint statement on the central bank's website.
Banks should quicken their disbursements of mortgages and lend to healthy property developers that have commercially viable projects, the regulators said.
Some would-be home buyers have reported long waits for loan applications to be processed by banks which are wary of taking on even more exposure to the weakening sector as bad loans climb.
To pay for the mortgages, the regulators said banks should sell mortgage-backed securities and bonds with longer maturities.
Developers on their part were also encouraged to sell bonds in the interbank market, and a pilot for real estate investment trusts, or REITs, would also be started to broaden financing channels.
In my experience $1/share is a psychological floor not $3. And the connotations of price per share and market cap are different on different stocks. You know full well this stock is underappreciated but the valuation factors don't always mean bankruptcy.
Article goes on to say the purpose of the list is for rebound material. This will pan out only if the funds get to acquiring more shares again. It seems our only buyers are dumping every time they make $0.15 but a fund would buy these and hold for a year.
Two days left on the buyback before blackout period starts. Would be nice if XIN instituted an automatic buyback during blackout periods with preset conditions....but they have shown no inclination to do so in the past.
Don't see the logic in that sorry. The dividend is a very small payout and when xinyuan isn't managing its money correctly the best course of action is to return the money to its owners.
The market and these ueber-optimistic small investors here must conclude that the company may go bankrupt and has no future growth prospect. Otherwise, it cannot bottom out - and that is also why I suggested they eliminate the dividend so that the stock price can fall to a ridiculously low level and upward momentum finally takes over. VIX=80, for Chinese real estate that's about where we are right now.