Chinese eating more and more and more

More and more and more:

"More, more, more of everything — larger portions, with more ingredients, more salt, more sugar, more oil, more fats," says Paul French, a market analyst in Shanghai who has written a book called Fat China. "Breakfast and lunch and dinner and supper and grazing with snacks during the day. And drinking fizzy drinks rather than tea." 

Public-health experts in China say obesity has become a serious problem: Twenty-five percent of adults are overweight or obese, according to a 2008 study published in Health Affairs. But Cai Meqin, a nutritionist at Shanghai Jiaotong University, says all the overeating is partly a reaction to the food shortages under Chairman Mao a generation ago.

"At that time, Chinese people [did] not have much food to eat, so they [were] very slim, but right now we have much, much more food, so they eat more [and are] overweight," says Cai.

My first year in China I worked at a high school. Every lunch, many children would forgo cafeteria food and instead go across the street to the two or three convenience stores. There they would purchase potato chips and soft drinks. Many students ate this junk food every single day. 

And I see KFCs often packed with little kids. China better be prepared for a future diabetes epidemic. 

The root of China's current housing bubble

Not many other investment avenues for the public:

The craze for vacant real estate is due in large part to a lack of attractive alternatives. Strict controls on capital outflows prevent most Chinese citizens from investing any real money abroad. Chinese bank deposits earn very low interest rates -- lower, for the past year now, than the rate of consumer inflation. The public sees the country's domestic stock exchanges, which have endured volatile ups and downs over the last few years, as little more than high-risk casinos. In contrast, real estate, which has not seen a sustained downturn since China first converted to private homeownership in the 1990s, has long looked like a sure bet...

But this run of speculation has bid up the price of housing and left people who actually need a place to live in the lurch. Given the prices prevailing earlier this spring, the average wage earner in Beijing would have had to work 36 years to pay for an average home, compared to 18 years in Singapore, 12 in New York, and five in Frankfurt. The bidding war has further pushed developers to build ever more costly luxury properties that investors crave but few ordinary people can afford.

My city:

Chinese radio reports that half of all real estate agents in the southern city of Shenzhen have closed up shop. 

I haven't seen any real estate agencies in my part of the city closing in the past few months. There still seem to be two per block. 

Not all is bad:

While frightening, the popping of China's real estate bubble is not all bad news. Cheaper, more affordable housing could also unlock the savings of China's working-class families, unleashing greater consumer demand and helping to rebalance the global economy. Investment long bottled up in idle real estate could flow to more productive pursuits. These adjustments have been put off too long. This is why at least some of China's leaders appear determined to force a correction despite the risks. But they know they are walking a razor's edge.

Article by way of The Dish.

More on China train safety

So who to blame now for the July crash of two high-speed trains? 

The bulk of the responsibility has been assigned to one dead guy and another who's already in jail, limiting political fallout.

I'll have to speak more to my Chinese friends before I decide if it's safe enough to use the high-speed trains over air travel in the next few months. 

I'll wait until this one is fully tested

CSR just unveiled a train that can travel up to 500 km an hour

China's largest train maker, CSR Corp Ltd, launched over the weekend its first test train that can reach speeds of up to 500 km an hour.

The six-carriage train with a tapered head is the newest member of the CRH series. It has a maximum drawing power of 22,800 kilowatts, compared with 9,600 kilowatts for the CRH380 trains now in service on the Beijing-Shanghai High-Speed Railway, which hold the world speed record of 300 km per hour.

This is great and all, but due to my dear Wen Jiabao's State Council's findings, I'll wait a little bit to try it. Video of the new train below.

 

Panda cams of the World

Zoo all over the world have webcams so people can watch the pandas on display. I tried out a few today and have put the links below. Enjoy. 

So much for one child - Guangdong couple found to have 8 children

Whoops:

The woman involved was a successful businesswoman who had been unsuccessful in having children. The couple tried IVF and were surprised when all eight embryos continued to develop, an anonymous source told the paper.

The penalty?

The penalty for breaking the rules on planned birth is the imposition of a fine and a loss of some benefits such as free education and healthcare, but for many wealthy couples in China this is a price worth paying. Their children are known as “black children” and technically have no legal rights.

I'm supposed to buy a Michael Kors handbag for someone while in the US

A well-off Chinese woman has asked me to buy her a Michael Kors handbag when while I'm back to the US for Christmas because it's such a cheaper purchase here than in China (due to taxes).

A few thoughts:

1. What is Michael Kors?

2. Looks like she isn't the only one doing it.