Recently I just went to China with my relatives to pay a visit to the relatives in China. In Singapore and Malaysia, most of the Chinese whose ancestors are from Guang Dong, Fu Jian or Hai Nan Province. We went back to Guang Dong Province to visit the grave of ancestors and the attractions there.
During the trip, the tour guide had shared with us the history and latest progress on the cities near Shan Tou. The population there is about 5M in each city. Jie Yang, Chao Zhou and Shan Tou is now consolidated as one metropolis called "Chao Shan" as the locals there share the same dialect and culture. The newly built up Jie Yang Airport can welly feed the visitors there. Anyway, our main focus was to stay at Feng Shun town, which is where my grandparents came from.
According to my parents who went back 6 years ago, Feng Shun town is now developing very fast, and there are still a lot of property development in 2 tier / 3 tier cities in China. As the population in China is very big (about 1.3 Billion), there are hundred of cities just like Feng Shun town. I believe that the living standard there has improved a lot, and we can see a lot of private transports along the road there.
The property price there has surged a lot too as well. According to my relatives, the per square meter price is about 6-7K RMB in Feng Shun Town, while it could go as high as 70K RMB in Shen Zhen, a 1-tier city near to Hong Kong.
My tour guide had mentioned that the medical system in China still remains weaker, as not many villagers afford to go to the hospital if they do not subscribe for any medical insurance. This is because they have to put the deposit before admitted to hospital. So I am grateful that Malaysia government still provides a cheap medical services to Malaysian, unlike other countries in South East Asia.
I think I will be going back again to witness again the development of China, a fast growing emerging market. As China is going to transform its economic model from Export Oriented to Domestic Oriented, there will be an increase of middle class there, and we do see a lot of investment opportunities there.
Subscribe to:
Post Comments (Atom)
View All My Posts Here
-
►
2015
(4)
- ► March 2015 (1)
- ► February 2015 (3)
-
►
2014
(191)
- ► December 2014 (2)
- ► November 2014 (8)
- ► October 2014 (8)
- ► September 2014 (6)
- ► August 2014 (51)
- ► April 2014 (5)
- ► March 2014 (10)
- ► February 2014 (19)
- ► January 2014 (20)
-
▼
2013
(175)
- ► December 2013 (12)
- ► November 2013 (7)
- ► October 2013 (12)
- ► September 2013 (7)
- ► August 2013 (31)
-
▼
June 2013
(16)
- 72 Rule in Investing
- Free SMRT Rides to CBD starting from 24 June 2013
- China Stock Market Collapse?
- Shares Buy Back vs Dividend Payout
- ESBI - Rethink of ESBI
- Mah Sing - Latest Project in Iskandar Malaysia (Ma...
- Malaysia Shares - Genting Plans to Re-Invest in Ge...
- Can we still invest in downtrend market?
- Factors that Determine Your Investment Return(s)
- Next Insight - A Good Portal on Shares Investment ...
- MIdas - Will It Shine in Next Few Years? - Updated...
- Iskandar Malaysia - Will Johor Government Impose M...
- My View on Sarin Technology (Singapore Listed Coun...
- Sino Grandness - Summary - FY2012 Annual Report
- Straco - Summary - June 2013
- A trip to China - Shan Tou, Jie Yang, Chao Zhou, F...
- ► April 2013 (20)
- ► March 2013 (8)
- ► February 2013 (13)
- ► January 2013 (18)
-
►
2012
(132)
- ► December 2012 (43)
- ► November 2012 (11)
- ► October 2012 (7)
- ► September 2012 (31)
- ► August 2012 (20)
- ► March 2012 (1)
- ► January 2012 (5)
-
►
2011
(226)
- ► December 2011 (10)
- ► November 2011 (11)
- ► October 2011 (8)
- ► September 2011 (24)
- ► August 2011 (48)
- ► April 2011 (17)
- ► March 2011 (10)

No comments:
Post a Comment