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A Benchmark For Progress

Among the tiger economies of Asia, nothing beats Hong Kong except Shanghai in terms of growth over the past decade. One of the world’s largest metropolis, Shanghai has grown from a fishing village to a shipping port once replete with brothels and gambling houses to a modern multinational business hub. As a center of commerce in the 1930’s, many foreign nationals invested on textile, banking on the demand for silk and silk products from the surrounding areas of Jiangsu and Zhejiang. Today, large multinational companies have set up offices in Shanghai with the hope of acquiring a share of the huge newly tapped Chinese market, which is undergoing a feverish expansion in all fronts.

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Data from Doing Business 2008 puts Shanghai at the top spot when it comes to registering property. Among the economic zones and cities in China, Shanghai offers a straightforward procedure in securing rights to property using a 4-procedure process done in 29 days compared to 99 days in the region. The cost of registration is pegged at 3.6% of the property value which is lower than the 4.1% in the region and 4.7% in high-income China’s silk road economic belt.

Among 30 Chinese cities, Shanghai ranks fourth in the challenges entrepreneurs meet to start a business. While it takes 14 procedures to launch a business in Shanghai, it takes about 35 days to conclude the process which is faster than the rest of the region at 44.2 days. High-income economies however require a similar process in 13.4 days. On the other hand, the cost of starting a business in Shanghai is 4.8% of GNI per capita and a 200% paid in minimum capital.

Meanwhile the ease or difficulty in enforcing contracts is measured as follows: the number of procedures required in the evolution of a payment dispute and in tracking time and cost is 31 which is comparable to the 30.8 procedures required in high-income economies. However, it takes only 292 days to settle a business dispute in Shanghai compared to the 551 days in the region and 462.7 days in high-income economies. The cost of enforcing contracts is pegged at 9% of claim, whereas the average cost in the region is 48.4% and 18.9% in high-income economies.

The foregoing data only proves that Shanghai has a robust economy investors cannot ignore. Although the global economic crisis slowed down its acceleration, Shanghai’s economy continues to grow. Now, its aviation and cargo ports are one of the busiest in the world bringing in more investments and funds that are plowed back into the city’s physical infrastructure.

Shanghai’s economic boom has attracted not only multinational companies but also thousands of local and foreign tourists seeking its rich cultural heritage and the glitters of its skyscrapers. The bacchanalian grandeur of the past are preserved in the architectural designs of the French Quarters and the Bund and its vibrant commerce is reflected by the hundreds of stores along its main roads and the commercial streets at Nanjing Lu and Huaihai Lu. Shanghai continues to prosper, upgrading its own standards and creating a benchmark for the rest of the region.


Real Estate Investing FAQ

Any person who has an interest in buying, selling, or investing in real estate can be said to be involved in the real estate business. Real estate is real property consisting of the actual buildings and land on it, and its accompanying natural resources like water, plants or minerals; and its economic resources like rent or profit. Besides these the market value of real estate also takes into account the value of the assets held by the person who owns it. A real estate business therefore covers a wide range of activities.

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Real estate investing therefore covers several activities. In the first place it involves purchasing a real estate property and bringing it into use. It can be bought to fulfill one’s dreams or to provide an opportunity to earn some income. It may even be purchased to make money and later turn it into an asset. Some real estate investing is done purely for the purpose of making an income by renting or leasing it out.

The real estate business also covers mortgage investments and financing through banks. When a person buys a piece of raw land for investment purposes, he usually buys it without planning. But if that same land is used to build a house then all planning, expenses and payments have to be planned out beforehand and a real estate company comes into the picture to help that person generate income regularly by renting or leasing the property

The other aspect of the real estate business deals is that the owner has to set his financial goals before starting the venture. These goals can range from buying a piece of land only to make it into a vacation home to a bigger property like a country estate to develop as a business facility or a residential area. And the investment goals can also include plans to generate money from renting or leasing the property. To achieve these financial goals, the owner should plan ahead and ensure that the goals are not too far-fetched. Also the owner should be clear about what he wants to achieve with the real estate business.

A second important aspect that can make a real estate business to generate income is the rental value of the property. If a piece of property has the potential to let a person earn big monthly income then it will surely attract investors. Investing in residential properties like houses and apartments is one good way of earning from this business. However, commercial properties such as office complexes and malls are harder to manage and sell but if a person has the right tenants, commercial properties can help generate substantial residential properties and profits.

The real estate business is a lucrative venture when handled correctly. But then again, managing the business and earning profits are not as easy as it sounds. It takes lots of effort and time to make it all work. So, before venturing into the real estate business, do take a real estate investing faq and be armed with all the knowledge you need to get the job done.


Advice and Strategies for Playing Slots in Land-Based Casinos and Online

Casino slots are the most popular form of gambling, they have hooked millions of players. Just like state lotteries, the slot’s allure is the chance to win fortune instantly for investing a relatively small amount of money…and they are fun to play.

To play slots there are no strategies to memorize; but playing casino slots intelligently does require certain skills. Here are the basics of how to increase the likelihood of hitting a sizable jackpot.

All slot machines work pretty much the same. In land-based casinos you spin the reels by pushing a button on the machine. To play slots on your computer, you use the mouse. Easy enough, but if you expect to win, there’s much more you need to know pg slot.

On straight (or regular) casino slots the jackpot is part of the fixed pay schedule and never changes. The jackpot amount is clearly posted on the machine. Standard slots generally offer more realistic odds with the trade-off being that you’re playing for a much smaller top prize than what’s dangled on ‘progressive slots’.

As the name implies, the big jackpot on progressive machines grows larger and larger with every coin inserted. It’s everybody’s dream to win that huge casino slot jackpot.

As a rule, straight, regular two-coin, three-reel machines are your best bet. The jackpot will be relatively modest, but so is the risk. Four- or five-reel slots, featuring single, double and triple bars, sevens, or other emblems, usually offer a much bigger jackpot, but it’s harder to get. Progressive slots dangle enormous jackpots. Remember that the odds on such machines are even worse. But then, huge jackpots are hit all the time… you never know when it might be your lucky day.

Relatively new on the scene are Video slot machines. They are a more recent innovation and operate with no moving parts, only graphical images appear on screen. A video slot is essentially a computer game incorporating features like bonus games (game within a game) and video graphics. You can also win free spin cycles and if certain icons appear, wins are doubled, tripled and even quadrupled. The technology allows for diversity in player entertainment and presents more chances to win. If you have never seen or played video slot games, searching for “free slots” on Google or similar will produce a number of sites where you can play without obligation to invest money.