Reading Time: < 1 minute From Sina: Q1: Do you like (agree with) the new policy which raised down-payment for 2nd or 3rd home? (My answer: Yes). Q2: Do you think this policy can combat the speculation and contain the home price? (My answer: No). Q3: Will this policy affect your home buying plan? (My answer: No).
Reading Time: < 1 minute I went to the China Merchants Bank today, to exchange some USD into CNY. The rate is 7.5544. From what I read, the US senate has passed a bill to push China to appreciate the CNY more faster. That certainlly did not help me (get more Chairman Mao for my green backs). On a positive… Continue reading Exchange rate and bank