China’s housing prices faces slowdown

Beijing — China’s house prices rose for a 29th straight month in February, but the pace of growth slows because of the government purchasing restriction. On a yearly basis, home prices of China’s the ‘tier one’ including Beijing, Shanghai and Guangzhou — keep falling, according to the National Bureau of Statistics. Shenzhen’s home price growth had the biggest year-on-year decline because of the high cost of building construction, mainly the land price factor.

The property curbs also reflects on second-hand home prices, China’s capital city fall most for 10 consecutive months by 4.6 percent from a year earlier. Second-hand home transactions accounted for almost five times the new-home sales in 2017, according to the Beijing municipal statistics. In Guilin, China’s most famous southern tourist destination, had the most stable housing prices, previously owned home sold as the almost same level of 2015.

Concerning the used home market, the price is still expected to decline in 2018 because of the lack of potential buyers who can meet high loan and more down payment, said Hu Jinghui, vice president of 5i5j – a major housing agency in Beijing at China Daily.  China’s housing market has entered into a sideways consolidation period after it experienced a fast-growing cycle, with high prices and high sales volume, said Shui Pi, editor-in-chief of China Times.

Beside this, a nationwide registry system is expected to be effective in 2018. Chinese Finance Minister Xiao Jie lately indicated that property tax legislation will be  take place in March, 2019, followed by nationwide taxation, the Global Times reported in early of March, 2018. The real estate sector accounts for one-third of China’s GDP, according to Fortune.

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Ар Монголоос Өвөр Монголд

Монголчууд ар, өвөр гэж хуваагдаад 70 даруй жил болжээ. Энэ хооронд бид өсч үржиж, харин тэд цөөрсөөр, соёлоо хадгалж үлдэхийн төлөө чимээгүй тэмцсээр… Харамсалтай нь аливаа их үндэстэнд бага ястан уусдагийн жишгээр өнөөдөр өвөрмонголчууд дунд Монголоор ярьдаг хүн улам бүр л цөөрсөөр…

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Interview: My passion about journalism

GBJ students come from every continent (Antarctica excepted) – More than 60 countries in the program’s first decade. For a new Q&A series, we’ll ask different ones about what drew them to the media industry, journalism in their home countries, and how they’ll use skills they learn at Tsinghua to shape the future of news.

Narantungalag Enkhtur, 26, is a first-year student in the GBJ program from Mongolia. She grew up near where the Gobi Desert meets the Altai Mountains and worked several jobs in the Mongolian journalism industry – for radio, print, television, and online outlets, including Bloomberg TV Mongolia – before moving to Beijing last year. She studied Chinese at Beijing Normal University prior to enrolling at Tsinghua University.

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Хэсэгчилсэн тэмдэглэл ба Харбин

Ulaanbaatar, Mongolia — Агшин зуурын бодол амьдралд биелэлээ олдогийн ахиад нэг жишээ. Дахиад л найзын найзаараа дам танилцсан нэгэн баг аялалд мордсон нь энэ. Энэ аялал урьд урьдынхаас онцлогтой. Өвлийн хүйтэнд идэр есийн жавар, харь хүний нутагт халуун дулаан уур амьсгалтайгаар улиран одсон нэгэн жилийг үдэж, шинэ оныг угтах, хоёрын оны заагт тохиож буйгаараа онцлогтой.

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Photo Gallery of wonderful lakes

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The traditional stones of pyramid folded on the shore of lake Baikal, Siberia, Russia. Photo by Naanga

Lake Baikal, etymologically meaning, in Mongolian, “the Nature Lake”, is the largest freshwater lake by volume in the world, containing 22–23% of the world’s fresh surface water. Nicknamed as “Pearl of Siberia”. Lake Baikal is attracting tourists all around the world. According to the Russian Federal State Statistics Service, 145 thousand foreign tourists visited Irkutsk and Lake Baikal in 2014. There is a tradition of tourists, they folded stones on the shore of Lake Baikal. Pyramid of stones on the shore is a common thing on Lake Baikal shore. Continue reading Photo Gallery of wonderful lakes

Student start-ups inspired to enter the driverless car market

Beijing, China — On a rainy day in the mid-of November in Hubei province, China, racing cars were running on the Xiangyang Dream Formula track. The strange thing was the cars had no drivers behind the wheel. Instead of sitting behind the steering wheel, drivers were standing not too far behind the start line. Actually, they are engineering students of the Chinese universities who were participating the 2017 Formula Student China sponsored by Aiways. Seven teams brought driverless cars to the Formula Student China competition. The Organizing Committee introduced the driverless formula car race this year. 

“The driverless car race is becoming popular in China,” said Kuang Shu Chi(匡书池),  a new member of Hefei Technology University’s Formula Student driverless team.

Kuang Shu Chi(匡书池), 24, switched his major from a machinery engineering to autonomous car because of growing the demand.

China’s driverless car market is expected to reach 200 billion RMB in 2020, and there will be around 8.6 million autonomous vehicles on the road by 2035, according to the China Industrial Information Network. This forecast has not only inspired thousands of students like Kuang Shu Chi(匡书池), but also hundreds of start-ups like KITTCAMP to enter driverless car industry in China.

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Bloomberg’s Tom Orlik: Even painful, China needs deleverage

Dec 2, 2017, | by Naanga

Beijing, China — Bloomberg economists expect China’s economic growth to further moderate to 6.4 percent in 2018, to 6.2 percent in 2019, according to a survey conducted by Bloomberg News.

“The Chinese economy is going to slow towards mid-single digits, 5.5 percent by 2020,” said Tom Orlik, the chief Asia economist for Bloomberg Intelligence.

Not only Bloomberg is de-escalating the second largest economy’s estimation, but also IMF, Morgan Stanley, and UBS will moderate in coming years outlook.

Continue reading Bloomberg’s Tom Orlik: Even painful, China needs deleverage

Forever is today

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