is estimated at 48.3, not good. Also from the Bloomberg site
'market rates remain at such high levels, the only scenario for the Chinese economy is a hard landing,” said Xu Gao, chief economist with Everbright Securities Co. in Beijing. “That possibility is growing now -- it seems the leadership is deliberately taking a wait-and-see stance to see how low China growth can be'
They didn't even land that last plane and they're circling again over Beijing.
I'm afraid it's you who doesn't get the picture Wal. What is the cost of an average apt. in China (not social
housing, Xin doesn't do social housing), and what are their average salaries to pay for that apt?