China: The shuting down Xiangyang Market

Posted 6 July 2006 5:05 GMT

Countries	China
Topics	Development, Economics & Business

China

Dan Washburn in Shanghaiist reports that the tourist spot Xiangyang market was closed down on June 30 under the pretext of IPR violation in the Xinhau news. Was it real or not? The blogger points out “we guess the $450 million land deal had nothing to do with it. Man, it really sucks that we'll never be able to buy counterfeit goods in Shanghai anymore now that they shut down Xiangyang Market.”

While another blogger jxhill puts up an analytical piece on the blooming of property market in China. The post argues that it reflects the fragility of social trust as the banks always prefer real estate mortgage (zh).

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