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Daily Snapshot – Cleaning up the New Year Decorations
Written by Richard Brown   
Monday, 01 March 2010

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Following yesterday’s Lantern Festival, the Chinese New Year celebrations are well and truly over and all the colorful decorations are being cleared away (including these [formerly] auspicious oranges) as China gets back down to serious business.

I can’t help noticing that some “experts” are almost gleefully warning of a Dubai-style property bubble in China as real estate prices continue to rise in various cities throughout the country. But then how would they be able to make money without a crisis?

No doubt there will be twists and turns along the way; after all, managing the rapid growth of world’s largest nation is, as Mao would have put it, no tea party, Still the fundamentals look solid for the Chinese economy and there’s no doubt in my mind that it will continue to forge ahead during the Year of the Tiger.

 
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