The stock market has offered some cause for optimism about the economy lately, but the same can't be said for the mortgage market.
This type of attitude perhaps goes some way to explaining why the high end of the property market doesn't always track the local national or regional economy.
Still, the continuing face-lift and construction boom hasn't insulated Guangzhou's economy and commercial real-estate market from the global economic slowdown, which is battering the manufacturing sector in the province of Guangdong in southern China where Guangzhou is located.
The housing economy is doing fine for now even if the stock market isn't.
Enron's demise wasn't due to business factors like strong competition, a shrinking market or a lagging economy.
So the formal and informal parts of the economy do not mesh - you don't get a pure market reaction to falling wages and prices.
Interest-rates will probably be over the hill, in the sense they will have risen but will then be heading down, the economy will will still be looking pretty good and the stock market just won't look so expensive then.
Mr. Jakobsen said the lower interest rates also could indicate that the economy will continue to be sluggish and that investors shouldn't expect the positive market sentiment to last long-term.
"In a normal society, a performance artist who ignores the rule of law and the market economy would never have grown so powerful, and relieving him of that power wouldn't be so difficult, " writer Murong Xuecun wrote in a post that was later deleted.
But these changes don't counteract the increased revenues that flow into federal coffers as the economy grows and the stock market rises.
While most still offer only basic accommodations plus T-1 lines, many resemble new economy factories, providing intricate blueprints to lead startups to market at breakneck speed.
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