Hangzhou Bay bridge to open

It’s official, the Hangzhou Bay bridge, which connects Ningbo (my hometown) and Shanghai (to be more precise, connects Ci Xi to Jiang Xing 南起浙江宁波慈溪市,北至浙江嘉兴海盐县), will open on this May, according to Ningbo goverment offical. Chinese news from Xinhuanet here. (source: sohu) At this time this is the longest sea crossing bridge in the world (36 […]

Buying house in Shanghai Series: II

First a little background. Like the Chinese stock market, the Chinese real estate market has a brief history and I talked it a bit in my previous E-House post. Also, China is a big country and the real estate market varies by region, for instance, the Shenzhen market is cooling down lately while Shanghai market […]

Shanghai report: income vs. spending

Shanghai is an expensive city. I’m not talking about the red hot housing market, we all know the housing is getting very expensive here. I was talking about the relative income vs. spending. Income Yesterday evening an old friend of mine, who works for a investment research firm, told me a fresh graduate is paid […]