GT-R can not hide the fanaticism of the Tokyo Motor Show this embarrassing lack of important models, a model minority volume production will only show that the pursuit of the Tokyo Motor Show has become increasingly degenerate to a full local show.

   Perhaps the Frankfurt Motor Show and massive apart too close, but this can not be the reason for the decline of the Tokyo Motor Show, as the Tokyo Motor Show as the leading Asian auto show, there is sufficient market appeal has been to dozens of top giant Few Words About Huyou attention .However, because the Japanese market fell for two consecutive years rare, Toyota, Nissan and Honda increasingly extended to the battlefield overseas, and the Japanese market over the years almost curing models consumption patterns, destined to the European firms will not put important models Tokyo Motor Show to attract the growing concern of consumers and numbness in the Toyota monopoly 40% market share today, whether Nissan or Honda have almost lost at home to Toyota singled courage, and more due to the dominance of the Toyota the Japanese auto companies have chosen to avoid cutting edge and the choice of China and North America as a new market opportunities.

   But Subaru and Suzuki, as well as large local companies, such as more models to show this, but their goal is not Toyota, they chose by Nissan and Honda in the local community the opportunity to Empty Nest Fresh at the market, but such second-tier manufacturers Toyota absolutely not provoke interest Therefore, in this show, the loneliness for the Toyota lost only languidly released numerous concept vehicles to alleviate some of the audience were disappointed.

   But Toyota’s market share in the local community seems to be stable in North America could not make up for the third consecutive month the embarrassment of a major decline, but, in charge of North American vice president of sales for the two plundered by Chrysler, was also a vice chief Ford incorporated, this downturn and the movement of persons only in the turbulent early 1990s will occur, and the Toyota with the Japanese transit woes and sales personnel turmoil, although we can not say that Toyota began in a state of crisis, but certainly what happened Toyota !

   Champions such as in global sales of general admission inserted easy time, Toyota and more power to do what? Certainly, the European market is stubbornly Toyota last bastion, but timely in this market, Toyota in a short span of five years time to have sales from 600,000 raised to 900,000 over market share is encroaching upon Peugeot and snow Rail Lung two brands, in addition to the dispirited Lexus, 300,000 of Corrolla and 200,000 of the Avensis have occupied a leading position, therefore, Toyota stood on the European first class was to wait for the realization of the passage of time to quietly after what Toyota impetus to push themselves and the development of the global car?

  Perhaps next year Toyota will soon take over the Chapter men will open up their ancestors could not even imagine the dream!

  At the very least, this session of the Tokyo Motor Show, we have not seen the slightest sign! Perhaps continued to languish on the Tokyo Motor Show, it was soon slowly over Beijing Auto Show!

On China’s economy: China is still a very new coaster equipment, the government should take care not to big ups and downs in economy

Guangzhou Daily: Do you think that China’s economy is currently facing problems with the 1980s, Japan has similar and differences between?

Qiuyonghan: China’s current situation like Japan that time, the liquidity surplus, which is more money, and affected the stock and real estate prices. China’s 2001 trade surplus with 250 billion US dollars, which means that the state should issue the value of the yuan so much, so too much money. More than a year ago, I accept the “Yazhou Zhoukan,” in an interview, said the two viewpoints, first, to China’s stock market rose 10 times, and the second is the renminbi should one become the block, now appears to have been China’s stock market five times, and I will of that, the whole market will rise, but personal investment operation is different, you operate wrong, then you will lose.

We are now sitting in this place, I 40 years ago bought, when a ping (3.3 square meters) 300,000 yen, it is now 30 million yen per ping. In our next office, was 500,000 yen, soon rise to the 1 million yen and 10 million yen, the highest bubble era rose 100 million yen.

Guangzhou Daily: As you said, China’s stock market and the housing market has emerged in asset prices sharply upward, do you think China will further economic Japan’s bubble economy footsteps?

Qiuyonghan: At present, China is just beginning, is not a bubble, isolated from the bubble economy still has a very long road. I would like to let everyone happy only once or, in this bubble formation in the process many people will become rich. But bearing in mind that the bubble more sustained long time, the greater the gap. When I came to Japan, the Nikkei Index is 10 points, went up to a maximum period of the bubble economy of the 39000 points, up 39 times, a lot of people can not think. Bubbles burst hit 16000 points, the lowest was less than 8000 points. China is still a very new coaster equipment, the Chinese government should take care not to economic ups and downs, not from the cable car fell.

Guangzhou Daily: Do you currently Japan’s financial system is how?China’s financial system is doing what?

Qiuyonghan: high-speed economic growth in Japan when the Bank of Japan, much of the role of the Japanese government, under the protection of the financial system has not adapted to the trend, after the rupture of the bubble economy has gone through a re-closure of the process to re-establish, and many Japanese banks are merged. I think that China’s banks will have this trend. I remember that in China, I called the bank immediately to take 300,000 yen, because of the emergency use, the banks told me no, can only give you 40,000 yen, more than 50,000 yen to book in advance to all the World Bank did not, my money would not be at liberty to take, I think that Chinese banks lag behind the times, recently, a part of foreign funds into the financial system, and it is better than a few years ago.

On the investment strategy: I was now relatively optimistic about the consumer plate, biological, pharmaceutical plate

Guangzhou Daily: Now contrast 2005, the Chinese stock market has had five times the growth, you feel that at present, China’s stock market, and what are the plate varieties worth investing in?

Qiuyonghan: I think that should be the year before the financial investment and insurance stocks, but now I think that they are not close to the. I am relatively optimistic about the consumer plate, biological, pharmaceutical plate. The pharmaceutical industry currently government-controlled prices, drug prices relatively low, but the volume of business in the pharmaceutical area will become larger and larger.China will gradually move toward the industrialization of agriculture, which is bound to the development of biotechnology. I think, after the H shares will have 10 times the rise, currently has just begun. As for the B-share markets, A and B shares of the evening is to merge. The A-share market, or if so, are you all to buy, or is the time to buy opportunities. Buffett when the stock rose is nothing dry or when it is necessary to constantly attention to the decline.Of course, but also to have a certain courage, and if the choice before you is wrong, and this time it is necessary to make changes.

Guangzhou Daily: You made a great investment in the property market success, in your opinion, house prices rose in China is staggering, it is reasonable phenomenon? How you forecast the development trend of China’s property market?

Qiuyonghan: the property market also rose, the more strict government control, the more prices will be up, the government’s functions and policies can not change the direction of the economy. But bearing in mind that China’s foreign houses and the different, first of all, China’s house only 70 of the right to use, followed by China’s many public houses because of the Environmental Protection properly, the secondary market will be of no investment value. Therefore, China’s investment in real estate, location is the first, second place, or third place.

Investment in real estate I have that feeling, I invest in real estate in Shanghai’s Pudong, I began to investment, the government told me the region a total of 20 buildings, if According to this scale, I calculate one square meters should be able to rent the 20 yuan, but when I completed the floor after the forest surrounding buildings, the rent per square meter only received two yuan.

On the bubble: I fell down to about one foot, one leg still standing, spent the bubble burst era

Guangzhou Daily: You are a writer from the start, a novel “Hong Kong” Japan won the highest prize in literature straight wood Award, writing on how investment from the road?

Qiuyonghan: I started to write articles living in Japan, writing articles can be divided into two to make money, one is to write of, and the other is to write money. Many of the people who write, I can not compete, so I write about money.

In Japan, had for the things that money can not openly say, I was in Japan first openly talked about money. Write money, of course, to see for investment. I entered the stock market, all the way to when it almost drowned in the stock market is to understand how matter.

At that time, most of the people operating the stock that is the way, buy the shares, was up one point to sell, but I am not the case, I choose which industries, which will grow a business, for instance, I settled on Toyota and Sony, I think they will grow. That year, 2001 is the Toyota vehicle production 20,000 small companies, but now Toyota is the world’s largest manufacturing enterprises. I know a friend, he is Sony’s shareholders, when he spent 50,000 yen to buy 1,000 shares Sony’s shares, when his death he owned the stock market Sony has been 1.5 billion yen, unfortunately his death has not been to sell the stock, so it does not enjoy.

Guangzhou Daily: Your investment property, stocks, the bubble economy you have not been affected, how they could survive bubble burst in the years to come?

Qiuyonghan: rupture of the bubble economy also I almost reversed, and one leg is about to fall, one leg still standing, spent the bubble burst era. Many of the bubble era of investment entrepreneurs came to me, I made a lot of investments, some 300,000 yen into 90 million yen and 10 million yen into more than 200 million yen, but also some not recover their original capital naturalization. The bubble economy, I built a building, leased to Yaohan originally signed contracts, but the bubble burst, the collapse of the Yaohan, a sum of the loss of 80 billion yen. Oh, I will not Man, also reversed almost. My safe, many have become waste paper stock, fully one meters high it.You.

Here many people I was ranked first in the world have called for the rich, some fall in the bubble era, and some was sent to jail. The reason I will be able to retain their own little property, because there is no future beyond their abilities bank borrowings. In that era, every day there are a lot of people came to my bank here to lend money to me.

On the inspiration and lessons: in the ability to control the circumstances borrowing

Guangzhou Daily: What do you think of China’s economy in the current issue of what needs vigilance? From Japan’s bubble economy in the process of what kind of lessons learned?

Qiuyonghan: Judging from the current situation, to avoid the development of the bubble economy appears to be unlikely. I think the industrialists, it is not to be concerned about their failures, the most dangerous is borrowing (loans), but can not borrow another development, in contradiction to the development, the ability to control the circumstances borrowing. But I think China will not be immediately faced with such crises.

For individual investors, the key is in the stock market saw The property will not retain dollars of property, not to use the dollars to invest, then buy B shares, although they are bought in dollars, or actually buy RMB assets, so there is no problem. Dollar down, then the stock will be up.

I think that the appreciation of the renminbi against the dollar is irrevocable, the current high trade surplus, we must adjust the renminbi’s exchange rate, because not afraid adjustments have an impact on exports, the economic impact of the future than they are now 10 times.

Information recorded in Tokyo

For a lifetime to buy apartments

After the bubble burst after 15 years of economic recession, the Japanese economy finally has resumed, prices have gradually picked up.This interview, this reporter Tokyo specifically on the current prices for a number of preliminary inspection, and readers can now Tokyo prices and Guangzhou, Shanghai, and other comparison.

Our translation of Miss Yan lived in Tokyo in the middle of the field, JR Line (light rail) after, the house walk from the station about six minutes or so, traffic is convenient.The house was bought a year ago, is a three-year-old second-hand housing area is 78 square meters (Japan according to the indoor area operator), 3 office at the Chamber, 1 kitchen 1 Wei and spent nearly 5,000 10,000 yen (about 3.3 million yuan). She told us: “Recently prices rebound, low-priced than at the previous stage were reduced house, but would like to further appreciation in the purchase of a lot of people. Professionals around me was also nearly bought the old building from the rental stations, after a loan-to-own property. ”

Location good(area of 60 square meters around use), about to 40 million yen, a monthly installments also 200,000 yen, about 20 years before, also need to buy an apartment life efforts. However, this price drop compared to the bubble economy many times, the late 1980s, similar houses around it takes one billion yen.

Tokyo, the same lot of people can not afford to buy the only renters.housing, a toilet and kitchen better position to the monthly 120,000 yen around to monthly 150,000 yen or so. A graduate of the University of Japanese young people’s wages in the 200,000 yen or so, the 30-year-old young people about the monthly wage 300,000 yen about half spent on rent. People really have no money to rent an apartment, 10 square meters per month to 40,000 from 50,000 yen, the common bathroom and toilet.

living in the outskirts of Nagoya, the Nagoya from her home to ride light rail station about 10 minutes.Her house was built on a two-tier Japanese traditional architecture, land is 188 square meters, housing area of 126 square meters, the total 50 million yen, land prices and housing costs 50:50. She feels that compared to the current price in Shanghai, her house very affordable, because the Japanese land and houses have permanent tenure.

Massive accumulate banking, medical unit

According BerkshireHathawayInc. Submitted to the Securities and Exchange Commission (SEC) data showed, as of September 30 only, the company has become the sixth largest bank in the short Bank (USBankNationalAssociation) largest shareholder, the United States is the second largest mortgage bank Wells Fargo (WellsFargo & Co.)’s largest shareholder.

The third quarter, Buffett banks 2840.5 million shares short and overweight, the number increased to 6549 million holdings; of Wells Fargo’s shareholdings substantially increased 8 percent, to 279.7 million shares.In addition, known as “the saints Omaha,” Buffett will be Bank of America from 870 million stake to 910 million shares.

Third quarter, the health-care shares Buffett’s enthusiasm not by the slightest. BerkshireHathawayInc.BerkshireHathawayInc. Holdings of Johnson & Johnson (Johnson & Johnson) and two health care companies - Health Group (UnitedHealth) and WellPointInc.. The health of the Joint Group of holdings by June 30 of 480 million shares to 600 million shares by the WellPointInc. Holdings by 420 million shares increased to 450 million shares.

The third quarter, Buffett substantially??Dow Jones stocks, shares in the second quarter from the 2.8 million increase to 630 million shares. The industry believes that Buffett may be intended to move the current market value and earn the Dow Jones News Corp. acquisition price spread between. The Dow Jones News Corp’s acquisition is expected to completed next month.

This is the Buffett holding this company more transactions for the first quarter of the lump sum. The billionaire has also throw by FirstDataCorp. That China Petroleum, ServicemasterCo. Tyco International Inc. (TycoInternationalLtd.) and the Western Union remittance (WesternUnionCo.) shares. The second quarter, Buffett holding 630 million shares of Tyco International and 3.2 million Western Union remittance.

God shares with the investment defeated the S & P 500

As an international investment Masters, Buffett’s “Goldfinger” effect also many stock prices soaring. BerkshireHathawayInc.BerkshireHathawayInc. First public disclosure, the company bought in the third quarter, nearly 1398 million shares of CarMax, involving funds of about 284.3 million US dollars. News stimulate investment by Buffett, in last Thursday CarMax once soared more than 9 percent, while in the meantime, CarMax this year in New York Stock Exchange trading fell 20 percent. CarMax?BerkshireHathawayInc.Apart from CarMax, BerkshireHathawayInc. Also bought WabcoHoldingsInc.270 million new shares, the company is a New Jersey-based truck parts company.

The shares and one God “favor” the stock is Asia’s third-largest steel company - South Korean Pohang Iron and Steel. Since March, Buffett announced that holders of POSCO 4 percent stake after the stock has lifted 77%.

Analysts pointed out that the simple Reproduction Unit God may be difficult for short-term investment, “promise immediate,” because disclosure of holdings Buffett is often a time when shares were ahead after speculation. However, I believe Buffett’s investment in long-term investment perspective But people can learn from them.

According to the American University and the University of Nevada GeraldMartin a research report, the past 30 years, even in the few months after Buffett investment to buy the shares he bought, received yield can also achieve the Standard & Poor’s 500 index twice the rate of return . The report pointed out that if the investment in Buffett disclosed to the SEC changes its position after (sometimes he bought four months), buying the same stock will receive 24.6 percent annual rate of return over the same period the S & P 500 Index, or for 12.8 percent. In fact, Buffett performance of the individual’s share holdings are 2002 to 2006 exceeded the BerkshireHathaway, whose stock average rose 7.8 percent, while BerkshireHathaway held USGCorp. In the same period was up 1,140 percent, in oil even soaring seven times.

40 years ago, BerkshireHathaway the brink of bankruptcy or a company, since Buffett took over, the company will not only grow rapidly, growth of assets nearly 200 billion US dollars of “mega.” Now, BerkshireHathaway owns the past 40 years will create Buffett has become a 200 billion US dollars of companies, ranging from ice cream business to insurance to the tile, and then to corporate aircraft leasing. According to the company’s filings with the SEC files, as at September BerkshireHathaway in the amount of investment in the stock market as much as 77.9 billion US dollars.

HKEx latest notice issued by the changes in ownership, in the November 9, AzerbaijanLuomidaer company shares held by China Eastern about 820 million shares on November 9 in future, the company increased holdings of about 1.32 billion shares the latest holdings total of 2.14 billion shares. At the same time, this steel giant in China Eastern’s stake from 28.02 percent at one stroke to 73.13%, achieving Holdings. Before “MBO Wang Gang,” said Chairman of the China Eastern Hawkes far China Eastern shares held by many small happened to be 1.32 billion shares, accounted for 45.11 percent, the industry thus speculated that AzerbaijanLuomidaer companiesholdings of shares is most likely far from Hawkes. Although the ArgentineLuomidaer unclear holdings price, but as a reference, the company had a 647 million US dollars at high prices to buy China Eastern in full before the second largest shareholder Ning - Ning Chen hands of the 820 million shares of equity .Converted to share 6.15 Hong Kong dollar, the acquisition price than China Eastern suspension before 5.4 Hong Kong dollar 14% premium.

Thus, AzerbaijanLuomidaer companies finally are closely guarded in China’s steel industry to find a crevice. And compared to the original shares Valin pipeline, AzerbaijanLuomidaerin compensation Holdings aspiration and its strategic significance is unusual.China Eastern on the two major shareholders - Ning - Ning Chen and Hawkes far, they equally abundant harvest by the acquisition. The shares, China Eastern suspension before the stock was 5.4 Hong Kong dollar, compared listed at the beginning of the 2.75 Hong Kong dollar has almost doubled.

Rather is that in the transfer of China Eastern stake ago, Ning - Ning Chen and Yuan just Hawkes scenes staged for the holding of the “serial” and even once for this court. While the media Hawkes far have said, there was indeed a number of enterprises and institutions linked with China Eastern, open to question the equity of cooperation, China Eastern hopes to find one pair of proficiency in the capital markets partner, as long as the conditions are right, even if the other party holding also the expense.

“This is the infiltration of foreign investment in China’s steel industry is a signal. Due to the acquisition of the holding, prior to the Valin pipeline than the equity acquired greater significance to the future domestic steel industry will be changes in the pattern of a certain impact.” Orient securities Bao-Feng Yang told reporters. “But considering the domestic steel combined capacity has reached 500 million tons, China Eastern in which occupy only a small part. Coupled with the current state of the iron and steel production capacity to restrict investment policies, the future expansion of production capacity can not casually, the actual impact is relatively limited. “Bao-Feng Yang said.

“The domestic steel industry holding the impact will not be too great, and after all, China Eastern is private enterprises, mainly useful person mainly in the market does not have enough influence.” Shanghai steel Wu, general manager of Information Consulting Ltd. an article yesterday in a press conference that. In his view, Mittal This can be understood as an integral part of the global strategy means that its entry into China’s strategic another step forward.

After several ArgentineLuomidaer profile acquisitions in China

Time takeover target price

In July 2005 Hunan Valin pipeline 37% stake in more than 2.6 billion yuan

In February 2006, purchasing Shandong Laiwu Steel Group of 354 million shares 2.086 billion yuan

In November 2007 China Eastern 28% interests of 647 million US dollars

Former opponent, “both leaver” China Eastern and greet “third party”

Is the so-called “fluctuate from time to time.” China Eastern had to play right Surrounded by holding the “iron Princess” Ning - Ning Chen and “MBO Steel King” Hawkes far, now has a complete departure, and the other may also have been selling shares at high prices, while ArgentineLuomidaer then realized his dream to become the “third party.”

As Hong Kong’s capital market this year on a big show by the merger of attention, China Eastern control of the dispute began in the first place to promote its listing of the two hero: Hawkes far and Ning - Ning Chen.By the end of 1999, as director of the much-led Hawkes completed the core assets of China Eastern’s shares subsidized steel to the West. 2002??In 2002, capital Hawkes far with the operation of the Ning - Ning Chen longer cooperate. In 2004, China Eastern listed in Hong Kong, and created two Regal shareholders, which is far and Ning - Ning Chen Hawkes. However, this year, Ning - Ning Chen launched acquisitions, trying to replace the control of China Eastern Hawkes far. Two subsequent appeals due to a variety of problems to the Hong Kong Stock Exchange and to prosecute to the court, the conflicts intensified. However, Ning - Ning Chen acquisition finally failed, she herself was dismissed executive director post. Since then, Ning - Ning Chen immediately announced that AlbaniaLuomidaer the transfer of ownership. China Eastern said the press release issued later, I believe AfghanistanLuomidaer international perspective and global business experience will help enhance China Eastern’s overall competitiveness.The company in accordance with the established direction of the development will be committed to 2010 before upgrading its overall production capacity to 10 million tons above.

With ArgentineLuomidaer further Holdings, the former controlling stake in the dispute was finally “third party” intervention of the quietly ended. Because of this merger opera staged in the process of China Eastern stock has climbed steadily, the ArgentineLuomidaer more on this basis, premium acquisitions, it has no merger itself, and the loser, the only suspense left is the original holding the right to dispute what to what?

32 funds below face value

since October 16 hit 6124.04 points after entering the new high shock adjustment period, the current decline has reached 13.95 percent, the biggest decline in the period amounted to 17.82%. Involvement in the market continued to drop, the recent net general fund shrink. As of yesterday, 328 open-end fund, some 32 funds below face value, including four just issued QDII funds and another 52 fund net down to one yuan denomination nearby.

Blue chips in the market continued to rise 9,10 month, the Fund had net rapid rise in the ranks of high-value fund expansion. To October 16, has 43 fund units net more than three yuan, more 10 Fund net of five yuan and above.

Galaxy Securities senior analyst Wang Qun Air Fund Analysis, below the face value of the Fund is divided into three conditions: First, the issue since the second half of the new fund; second is a pre-split Marketing Fund; Third, a large proportion of dividends Fund . September has been issued in a new fund suspended state, but after two or three months of the new fund issued under prospectuses, to be set up in a not more than six months Jiancang.Therefore, these funds if they opt in???in the stock market at a high Jiancang, now could fall below face value.

Statistics reveal that up to now this year, yielding more than 100% of the fund volume to 124, and in October 16, there have been as many as 183 fund net doubled. The Post was more entrepreneurial core optimization, and other three fund income over 200%, but the yield is now at 200 percent above the Fund has disappeared. In the October 16 start of this round of market adjustments, net shrinkage in 10% above the volume has reached 142.

While some active funds if the shares held by the poor, then the net may also decreased from 10 to 20 percent. Although the Fund has shrunk the prevalence of the net, but the majority of the fund income so far this year is still the. Even so, some investors access to a specific time, because there will be norhythms loss, we can see that fund investors can not compensable.

The bullish stock market to yield substantial increase in funds, especially the second half of the blue-chip prices rise, the Fund has become a “money tree” and even bought a fundnot compensable argument. Many people have joined the ranks of investment funds, almost two-thirds of the Christian Democratic newcomers are.Especially the “5 30″ In the future, a large number of shareholders also to the public. “The stock market adjustment of the net value of the Fund decreased from the investors is a good risk education.” Said Wang Qun flights.

Fund than adequate funds in hand

It is worth noting that the stock market adjustment and the “5 30″ when the situation is different plummeted. General Fund positions was maintained at more than 80 percent, some fund positions proportion is as high as 90 percent. If there was a large-scale redemption of the people, then the fund will be forced to sell stocks to cope with the influx redemption. This will further aggravate the volatility in the market, thus creating a vicious cycle, the situation will not optimistic. Fortunately, after a few days when the stock market plummeted after rebound quickly stabilize, and constantly reaching record highs.

Relatively speaking, the current situation would ease much. It is understood that some banks have recently recommended for the position of the appropriate redemption, the best positions will be reduced to half the level positions to lock profits, control risks.Therefore, the recent slight increase in the redemption fund, but the fund company is still sufficient to meet. “The recent liberalization of the management of the Fund also timely marketing, in order to ensure market supply and demand balance.” Said Wang Qun flights.

The recent stock market adjustment and the “5 30″ at the different positions Fund generally low cash position is sufficient.

He said that, despite the volatility of monthly inflation data, but most economists expect the inflation rate this year is about 4.5 percent; central bank expects next year’s inflation pressure will not be great. As China is gradually moving from a planned economy transition to a market economy, the central bank corrected the original face of public transport and facilities, and other areas within the mandate of price distortion, which means that the inflation rate will rise.

In the ensuing attend G20 finance ministers and central bank meeting, Zhou Xiaochuan also said upgrading the RMB flexibility are various ways.  Currently the RMB exchange rate floating range of reasonable, necessary, will consider expanding the exchange rate floating range, depending on the global economic situation.He said that China will do its utmost to support a strong dollar, would like to see a strong dollar.