Posts Tagged ‘china’
The Globe and Mail‘s Iain Marlow reports on the entirely accurate statement of the Chinese consul-general in Vancouver blaming high housing prices on a lack of effective regulation. Canadian cities need to do much better on housing.
The Chinese government’s top envoy in Vancouver says the city’s skyrocketing house prices and affordability crisis are due to a lack of regulation in the booming real estate market.
In a wide-ranging interview over tea at the Chinese consulate in Vancouver, Consul-General Liu Fei said local residents are blaming wealthy Chinese buyers for the city’s increasingly costly real estate but that the real blame lies with officials who monitor buyers, sellers and real estate developers.
“People are blaming the buyer. It’s the wrong direction,” said Ms. Liu, who has served in Vancouver since 2011. “I mean, the regulation here, nobody’s playing the role.”
Ms. Liu said this situation would not be allowed to occur in China, and pointed out that China’s government frequently wades into the country’s real estate market, and has strict policies with regard to affordable housing. She suggested a number of possible measures Vancouver could take to make housing more affordable, including the introduction of quotas to increase the number of affordable housing units within new buildings, greater oversight of real estate developers from the city and a tax or fee for overseas investors who want to buy luxury properties in the West Coast city.
“If there are not enough [affordable] houses, you can set up rules – saying, ‘Okay, we have to save 30 or 40 per cent of [the units] for those families who need housing,’” she said. “And we can put on luxury houses … a higher price for the overseas investors. We can do it this way. So everybody could enjoy [Vancouver].”
The Guardian‘s Justin McCurry reports on how the popularity in China of a film starring a Japanese robot cat, Doraeman, might lead to a softening of Chinese attitudes. Might.
Just a few months ago, Chinese media denounced him as a counter-revolutionary.
Now, though, Doraemon – Japan’s beloved robot cat – is easing diplomatic tensions between Tokyo and Beijing, and breaking box-office records in the process.
The 3D animated film Stand By Me Doraemon brought in 30m yuan ($4.8m) in receipts on its opening day last Thursday, and repeated the feat the following day.
As parents and children packed out Chinese cinemas, receipts surged to 85m yuan and 88m yuan on Saturday and Sunday, surpassing the previous single-day record for animated movies, held by the US film Kung Fu Panda 2.
According to estimates, revenue from the Doraemon movie accounted for more than half of China’s total box-office revenues on Sunday, easily beating the US superhero blockbuster Avengers: Age of Ultron.