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	<title>China Financial Markets &#187; Real estate</title>
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	<description>Michael Pettis&#039; finance blog...</description>
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		<title>Is urban migration the solution to China’s problems?</title>
		<link>http://www.mpettis.com/2009/12/13/is-urban-migration-the-solution-to-chinas-problems/</link>
		<comments>http://www.mpettis.com/2009/12/13/is-urban-migration-the-solution-to-chinas-problems/#comments</comments>
		<pubDate>Sun, 13 Dec 2009 11:04:45 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Consumption and production]]></category>
		<category><![CDATA[Demographics]]></category>
		<category><![CDATA[Real estate]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=1134</guid>
		<description><![CDATA[The Christmas season, upcoming exams, student job hunting, and lots of visitors have made this a tough time to keep track of things but, before I go on to discuss the reason for the title of this entry, I wanted to make a quick comment on the economic numbers that came out last week.  As [...]]]></description>
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		<slash:comments>51</slash:comments>
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		<title>More public worrying about the Chinese stimulus</title>
		<link>http://www.mpettis.com/2009/07/24/more-public-worrying-about-the-chinese-stimulus/</link>
		<comments>http://www.mpettis.com/2009/07/24/more-public-worrying-about-the-chinese-stimulus/#comments</comments>
		<pubDate>Fri, 24 Jul 2009 09:19:06 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Fiscal stimulus]]></category>
		<category><![CDATA[Labor and unemployment]]></category>
		<category><![CDATA[Money growth]]></category>
		<category><![CDATA[NPLs]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Steundent employment]]></category>
		<category><![CDATA[Victor Shih]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=593</guid>
		<description><![CDATA[Although I am often surprised by how eagerly foreign commentators have embraced the Chinese fiscal stimulus story and see it as a great, shining success, I am happy to say, mercifully, that in China there is a lot more skepticism.  There seems to be a serious debate among Chinese policymakers over the stimulus package.    The [...]]]></description>
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		<slash:comments>44</slash:comments>
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		<title>Notes on a real estate trip in China</title>
		<link>http://www.mpettis.com/2009/07/20/notes-on-a-real-estate-trip-in-china/</link>
		<comments>http://www.mpettis.com/2009/07/20/notes-on-a-real-estate-trip-in-china/#comments</comments>
		<pubDate>Mon, 20 Jul 2009 12:03:56 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance sheets]]></category>
		<category><![CDATA[Financial crisis]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Notes]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=588</guid>
		<description><![CDATA[I have wanted to discuss more on the real estate sector for a while even though I have to confess I am far from being an expert on the topic, and this in a market which even the experts find terribly confusing.  What the real estate market is really telling us about underlying monetary conditions [...]]]></description>
		<wfw:commentRss>http://www.mpettis.com/2009/07/20/notes-on-a-real-estate-trip-in-china/feed/</wfw:commentRss>
		<slash:comments>64</slash:comments>
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		<title>Debt is up, trade is down, and we still don’t know which way to list</title>
		<link>http://www.mpettis.com/2009/06/15/debt-is-up-trade-is-down-and-we-still-dont-know-which-way-to-list/</link>
		<comments>http://www.mpettis.com/2009/06/15/debt-is-up-trade-is-down-and-we-still-dont-know-which-way-to-list/#comments</comments>
		<pubDate>Mon, 15 Jun 2009 11:32:42 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Balance of payments]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[Economic growth]]></category>
		<category><![CDATA[Exports and imports]]></category>
		<category><![CDATA[Fiscal debt and deficits]]></category>
		<category><![CDATA[PBoC]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Greendown]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=528</guid>
		<description><![CDATA[I am still working on my piece on the global savings adjustment and will probably post it in the next week or so. The main point is to discuss what the implications are for China if we see simultaneously over the next few years an increase in US savings and a reduction in global investment. [...]]]></description>
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		<slash:comments>35</slash:comments>
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		<title>Graduating this year?</title>
		<link>http://www.mpettis.com/2009/03/31/graduating-this-year/</link>
		<comments>http://www.mpettis.com/2009/03/31/graduating-this-year/#comments</comments>
		<pubDate>Tue, 31 Mar 2009 09:54:12 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Demographics]]></category>
		<category><![CDATA[Labor and unemployment]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Lopez Portillo]]></category>
		<category><![CDATA[University graduates]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=418</guid>
		<description><![CDATA[Last week China Daily had an interesting article on job prospects for university graduates on the mainland.  In 2006, as a reaction to rising unemployment among college graduates – even with GDP growth buzzing at rates above 12% – the government launched a program to help students find jobs as university teachers.  The program has [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Chinese real estate is in the headlines again</title>
		<link>http://www.mpettis.com/2009/02/24/chinese-real-estate-is-in-the-headlines-again/</link>
		<comments>http://www.mpettis.com/2009/02/24/chinese-real-estate-is-in-the-headlines-again/#comments</comments>
		<pubDate>Tue, 24 Feb 2009 08:53:01 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Informal banks]]></category>
		<category><![CDATA[PBoC]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[Jack Rodman]]></category>
		<category><![CDATA[Pawnshops]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=309</guid>
		<description><![CDATA[The LA Times came out Saturday with a widely-noticed article on Beijing real estate, which features my friend Jack Rodman. Jack, who runs a firm called Global Distressed Solutions, is a bad-loan and distressed real-estate expert who has spent the last several years in China, and somehow has the energy to poke around among all [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Real estate loan growth may be slowing</title>
		<link>http://www.mpettis.com/2008/08/18/real-estate-loan-growth-may-be-slowing/</link>
		<comments>http://www.mpettis.com/2008/08/18/real-estate-loan-growth-may-be-slowing/#comments</comments>
		<pubDate>Mon, 18 Aug 2008 11:04:36 +0000</pubDate>
		<dc:creator>Michael</dc:creator>
				<category><![CDATA[Banks]]></category>
		<category><![CDATA[Real estate]]></category>

		<guid isPermaLink="false">http://mpettis.com/?p=970</guid>
		<description><![CDATA[Today’s unexpected withdrawal by hurdler Liu Xiang from participation in the Olympics – because of a leg injury – has been a real emotional blow to many of my friends and students in China.  Condolences to all.  It is a disappointment to see such a great athlete unable to defend his title in his own [...]]]></description>
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		<slash:comments>0</slash:comments>
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