The first 10 days of data are in, and Beijing homes sales fell 26 percent from the first 10 days of September.
iFeng: 11月上旬北京新房网签量较9月上旬下降26%
GOOG/GOOGL: Blowout Quarter, MSFT: Excellent Quarter As Well
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Google (GOOG/GOOGL) just reported a blowout quarter after the market close
Thursday. Revenue was +15%, Operating Margin surged to 31.6% from 25.0% a
year a...
Maybe things work differently in China, but isn't that really *really* bad?
ReplyDeleteIt's better than October when sales were down 30-40%. Beijing isn't critical to the overall market except as a bellwether. Cities such as Wuhan, Hangzhou, Nanjing and Hefei are the ones to watch right now.
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