China to execute loan shark; home prices down and wages up

Developer gets death sentence for fraud
Mainland home prices to fall 'by up to 30pc'
"The market will likely experience policy-induced correction by 10 per cent to 30 per cent in the coming year, which should impact economic growth but is unlikely to lead to financial meltdown," Barclays analysts led by Huang Yiping said in a report yesterday. Premier Wen Jiabao reiterated on Sunday the government's decision to continue its tightening policy in the real estate sector and let property prices "fall to a reasonable level".
Nobody can accurately predict how falling home prices will affect the economy. Subprime was "contained" in the U.S.
Factory bosses protest at pay rise
If the pay rise - which will vary from region to region - is implemented, the minimum wage will have risen over 42 per cent in 10 months. Lau said the proposal to raise wages could not have come at a worse time as Hong Kong exporters expect overseas shipments to drop up to 30 per cent, depending on product type, in the year to June 30.

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