Stop local government from selling to foreign entities. DON'T DO IT.
Remember, so called independent business men do not exist in China. Sure, they are wealthy, but they don't own property in China. They own 'good will' toward the Chinese government.
If China wants to buy USA Real Estate they can buy out all the big banks of their consolidated holdings.
Credit unions and small regional banks working with Fannie and Freddie are awesome.
Updated: 2013-05-28 10:52
By Joseph Boris in Washington (China Daily)
China's official overseer of foreign-currency reserves (click here) is considering real estate and other investments in the United States, according to American news reports.
Bloomberg News on Monday cited two people with direct knowledge of the situation as saying that the State Administration of Foreign Exchange, or SAFE, began studying the possibility of investing in US real estate after noting signs of a recovery in the country's property market.
China may acquire real estate, invest in real estate funds or buy stakes in property companies, according to Bloomberg's sources, who requested anonymity because they weren't authorized to speak publicly about the matter. The safety of the investments will be SAFE's top priority, the sources said.
Last week, the Wall Street Journal, citing people with knowledge of the matter, reported that SAFE had opened a New York office from which it plans to invest in US assets including real estate and private equity. According to the Journal, the recently established operation on Manhattan's Fifth Avenue is meant as a launch pad for so-called alternative investments and complements a separate SAFE office in New York that for years has focused on buying US government debt, along with corporate bonds and asset-backed securities....
The global currency crisis is a very good reason for China to consolidate it's internal and international currencies into one commodity. Consolidating it's currencies into one commodity will eliminate any internal corruption that China currently can't control. All those with internal currency will have to go to exchanges to get the new money. It will give a full accounting to the Chinese government and more control over corruption.
Updated: 2013-05-28 11:18
(Xinhua)
BEIJING - China's shadow banking (click here) will not shake the country's financial stability within the next 12 to 18 months, though its rapid growth poses key risks to the Chinese banking system, analysts at Moody's said on Monday.
"I don't think shadow banking poses an immediate systemic risk to Chinese banking," said Hu Bin, senior financial analyst at Moody's. "What concerns us is its strong growth momentum."
Moody's estimated broad shadow banking grew 67 percent over the past two years to 29 trillion yuan by the end of 2012, as credit conditions in the formal banking sector became tighter while banks sought to circumvent regulations on deposit and loan pricing as well as capital requirements...
People that have engaged in illegal and corrupt Chinese enterprises will lose their money. Just that simple. We don't want it. The Chinese don't want it. Local economies in the USA need to be very skeptical of those bringing promises and thrill rides to their economies. The local economies will be left holding the bag on collapsed enterprises because they were illegal and/or corrupt to begin with.
People that have engaged in illegal and corrupt Chinese enterprises will lose their money. Just that simple. We don't want it. The Chinese don't want it. Local economies in the USA need to be very skeptical of those bringing promises and thrill rides to their economies. The local economies will be left holding the bag on collapsed enterprises because they were illegal and/or corrupt to begin with.
Updated: 2013-05-25 10:20
By Cai Xiao (China Daily)
China's securities watchdog (click here) announced on Friday that a memorandum of understanding has been signed with the United States on the sharing of audit details on Chinese companies listed in the US, in a move aimed at cracking down on illegal listing and trading activities.
China Securities Regulatory Commission said the MOU was signed by the commission, Ministry of Finance and the US audit regulator, the Public Company Accounting Oversight Board.
The Chinese will offer audit details of Chinese companies listed on US markets to their US counterparts, based on Chinese law and regulations, said a CSRC spokesman.
The China affiliates of five accounting firms - Deloitte, KPMG, Pricewaterhouse-Coopers, and Ernst & Young - were charged by US market regulators in December with violating securities laws for refusing to provide audit data related to investigations into some China-based, but US-listed companies.
But some of the firms said that despite assisting with the probes they were caught in legal differences between the world's two largest economies and that turning over the papers would put them in violation of Chinese laws....
