“There are some developers who are facing funding pressure or have even been cut off. This is something we are happy to see,” said one of the officials, who asked not to be identified. Developers were like “dragons and fish jumbled together”, he added, referring to a mixture of high and low-quality companies for whom a consolidation process was “very necessary”.
A collection of articles and quick commentary on residential real estate. "It's different this time, really . . . " Ha ha ha. No, it's not. When China goes down, so does Australia and Canada.
Thursday, September 29, 2011
Like Dragons and Fish Jumbled Together
Squeeze on developers cheers China
Subscribe to:
Post Comments (Atom)
1 comment:
Dragons and fish. I hope more Chinese idioms make it into English colloquialisms.
Post a Comment