Different from the traditional consumption habits of Chinese who are famous for high saving rates, majority of the UK residents tend to consume more and have lower savings rate.
The official Securities Times reported that China will soon launch a new pilot scheme, the Qualified Domestic Individual Investor programme (commonly known as QDII2). It will initially be launched in six cities: Shanghai, Tianjin, Chongqing, Wuhan, Shenzhen and Wenzhou.
The average house price for first-time buyers rose by 11% in the year to the end of November compared with 9.5% for existing owners, official figures show.
After selling 6,971 homes in the six months to December – a 12.5% increase on the previous year – CEO of Barratt Developments, Mark Clare, has said that the company is struggling to build homes fast enough to keep up with demand.