Not a bad return on investment, 7.7 in one year. You don’t get that from the bank, not even on the once exploding Shanghai stock exchange anymore. The other report comes from government mouthpiece China Daily:
China’s top think tank has said that the country’s real estate bubble has soared in urban areas, with the biggest gap between market price and actual value in Fuzhou, capital of East China’s Fujian province. The actual value of commercial housing in Fuzhou is only 3,998 yuan (454 euro) per square meter, while the market price is 13,457 yuan (1,528 euro)
One hero, Wu Lihong, has been pushing government officials and companies for years now to stop dumping toxins into the water, which is filled with dead fish and garbage.
This April, he was released after serving a three year jail sentence for doing that.
Meanwhile, the government promises to fix the pollution problem of Lake Tai. So far, not much has happened.