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gsnoopy520
#1 Posted : Friday, September 14, 2018 12:42:20 AM(UTC)
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gsnoopy520

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Joined: 2/11/2018(UTC)
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BEIJING Henry Anderson Jersey , Nov. 3 (Xinhua) -- Hu Hongyu was required to go through vigorous questioning on her hobbies and dreams before being permitted to rent her apartment in the center of Chongqing.


Her new home is part of communal living project initiated by China's real estate giant Vanke. Unlike most landlords, who simply require identification and deposit, the company is seeking occupants with a lust for life.


Hu, a 21-year-old Latin dance coach, will become the first batch of residents to pass the screening process and move into the "V-Home" on Saturday. Among other successful applicants are travel agent Liao Chuanni T.J. Green Jersey , photographer Xie Jing, and startup founder Zhao Ya, who all have distinct hobbies or skills to share with their apartment mates.


With the slogan "living with the ones you like," V-Home is attracting hundreds of youngsters such as Hu, who come fresh out of college and want to make friends with similar values through communal living.


The V-Home project is just one of the many new programs that Chinese real estate giants such as Vanke are piloting at a time when the market is feeling heavy pressure.


Sales have been slow for real estate developers since last year Marlon Mack Jersey , resulting in overstocked inventories, low demand and slowing investment, particularly in smaller cities.


According to the latest data from the National Bureau of Statistics (NBS), 665.1 million square meters of commercial housing were up for sale by the end of September. Given the average living space per person of 30 square meters, it is enough to house more than 20 million residents.


By converting existing properties into 35-square-meter apartments Tarell Basham Jersey , Vanke's V-Home project is trying to reduce inventory while bringing new income streams.


The project has been rolled out in first and second-tier cities such as Guangzhou, Xiamen, and Xi'an, and is expected to have 150,000 apartments for rent by 2017 Quincy Wilson Jersey , according to Vanke.


Other real estate developers are testing different innovations to help lift them from the slump.


Country Garden, a leading developer focusing on smaller cities, partnered with Ping An Insurance Company in May to launch the first crowdfunding campaign for a project in Shanghai. Investors can buy part or all of a premise based on area and claim rights to develop, resell, and receive dividends from the property.


Poly Real Estate Group saw potential in the country's aging society. To meet the increased demand for senior housing Malik Hooker Jersey , it invested in several projects that offer medical resources and nursing services for residents.


"It's inevitable the real estate industry will transform into a service-oriented business," said Wang Xiaoguang, a researcher at the China Academy of Governance, a government think tank. "But that cannot save the real estate industry."


The property market is facing over-supply in both first-tier and smaller cities, Wang said.


By September Tyquan Lewis Jersey , the stock-to-sales ratio for commodity housing in 38 first, second, and third-tier cities in China stood at 9.4, 14.9, and 28.9 months respectively Kemoko Turay Jersey , meaning developers will need that long in order to sell existing inventories under current demand, according to data from Tospur Real Estate Consulting Company, a property market research agency.


"Inventories in some third and fourth-tier cities in China are so high that even a government bailout may not prevent a market crash," said Zhang Dawei, analyst with Centaline Property Braden Smith Jersey , a major property agency.


New ideas alone are not sufficient to work through the bubble. Over the course of a year, officials have introduced stimulus packages to lower the down payment requirement for second-home purchases and ease policies for the housing provident fund, an employment-based savings scheme that allows homebuyers to apply for low-interest mortgages.


But the traditional strategy of cutting finance costs to boost the real estate market will not work for long either, said Wang Xiaoguang. The best approach would be to simply lower prices to balance supply and demand, he said.


While it's still hard to gauge how innovative projects such as Vanke's V-home will help developers battle the faltering industry Darius Leonard Jersey , residents like Hu Hongyu are excited to participate.


As she prepares to move into her new home, she's looking forward to meeting people from all walks of life.


"Isn't it like the life in 'Friends'?" she said, referring to the popular American sitcom.

"



HAVANA, Dec. 26 (Xinhua) -- China and Latin America maintain ""win-win"" relations, which bolster bilateral cooperation in various fields, an article published in Cuba's official daily Granma on Monday said.


Their mutually beneficial relationship is based on Beijing's realization that ""its development is closely tied to the progress of various emerging and developing countries, including those in Latin America and the Caribbean,"" the daily said.


Encouraged by the ""advances in recent years"" in its relationship with the region, as well as various bilateral agreements in different fields, China recently published its updated policy paper on Latin America and the Caribbean, the newspaper of the Cuban Communist Party said.


In the document, China pledges to generate better opportunities for both sides to carry out win-win cooperation, said Granma.


""Gone are the days when Latin America supplied raw materials and China sold products with little added value. The new scenario seeks to expand trade in high added-value and high-technology goods,"" said Granma.


""Today's panorama of economic exchange has changed so much that Chinese money is now invested in projects in infrastructure, transportation, industry, technological innovation, energy and electricity, among others, which, if well planned, could change the region's trade and productive matrix,"" it added.


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Lisawhip
#2 Posted : Monday, September 17, 2018 1:17:09 AM(UTC)
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Lisawhip

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