Monday, October 10, 2011

China CPI basket

30% food
20% housing
But not prices, but mortgage interest rates and utilities

Sunday, October 9, 2011

China credit bubble impact to Singapore

DBS loan in 2Q 2011 $50bn
Ocbc $15bn
Uob $8bn

9% of residential property bought by Chinese

28% of all transactions by foreigners

Shadow banking in China S$815bn

60% to SMEs

Spas in Singapore

1200 spas and massage parlor in Singapore.

60 of them operate 24 hours.