Yang and many other young Chinese are finding their aspirations thwarted by an overheated property market that is enriching already wealthy speculators, local officials and other Communist Party allies.
Its a hard reality for a generation that views home ownership as a given after reforms more than a decade ago created a housing market open to the masses. Its also a challenge for leaders whose reliance on rising property values and land sales to property developers risks letting the market spiral out of control.
“I sigh at every fancy apartment building I see on the way to work everyday, but that wont - - - - >

The U.S. Food and Drug Administration told J&J in 1999 that its marketing materials for geriatric patients overstated Risperdals benefits and minimized risks. A J&J business plan for the next year called for increasing the drugs market share for elderly dementia sales, an unapproved use, according to newly unsealed documents in a lawsuit by the state of Louisiana.
“The geriatric market represents Risperdals second wave of growth,” J&J officials wrote in the business plan. “The aging population will continue to drive market growth well into the next - - - - >

The smallest of the worlds top four brewers, Carlsberg is focused on takeovers in its existing markets and overhauling its European operations to make them more profitable, Rasmussen said in an interview. Having lowered debt by 8.5 billion kroner ($1.6 billion) last year, the company now has the flexibility to buy smaller assets again, he said.
“To me, its less about being number four or number two on a global scale — its more important to have scale where we choose to be,” Rasmussen said from his - - - - >

Oil is up 1.3 percent this week, heading for its third weekly gain in four. Crude recouped some of yesterdays 0.8 percent decline after U.S. initial jobless applications fell in the week ended Feb. 27, easing concerns that todays jobs report will show a deteriorating labor market.
“Were flat-to-higher this morning as the market consolidates before the jobs report,” said Andrey Kryuchenkov, an analyst with VTB Capital in London. “Its really external factors like the currency markets directing oil right now, with the stronger dollar capping gains - - - - >

U.S. crude inventories probably rose 1.5 million barrels last week from 337.5 million, according to a Bloomberg News survey before an Energy Department report tomorrow. Oil fell yesterday as the dollar advanced against the euro. Demand for OPEC crude may drop this year on high stockpiles and a weak economy, the United Arab Emirates oil minister said today.
“The market is still well-supplied, perhaps even over- supplied,” said Gerrit Zambo, a trader at Bayerische Landesbank in Munich. “Eighty dollars a barrel is too much for the moment. - - - - >

Toyoda was due to speak at a news conference Monday evening in Beijing, the company said, in his second foreign appearance following last weeks visit to Washington where he was grilled by angry lawmakers. Japanese news reports said he would meet with Chinese officials.
“The fact that he is going to China second, after the United States, tells you the importance they place on China relative to other markets,” said John Bonnell, a J.D. Power analyst. “Toyota wants to make sure it puts its best foot forward, not only with its best products but in instilling confidence.”
The number of Toyota vehicles - - - - >

Prudential will pay $25 billion in cash and $10.5 billion in stock and other securities for AIA Group Ltd., the London- based insurer said in a statement today. Credit Suisse Group AG, JPMorgan Cazenove and HSBC Holdings Plc agreed to underwrite in full a $20 billion rights offer to finance the acquisition. The insurer will also sell about $5 billion of senior debt.
Prudential Chief Executive Officer Tidjane Thiam is trying to boost the insurers sales in Asia as growth in the U.K declines. By acquiring AIA, - - - - >

Prudential will pay $25 billion in cash and $10.5 billion in stock and other securities for AIA Group Ltd., the London- based insurer said in a statement today. Credit Suisse Group AG, JPMorgan Cazenove and HSBC Holdings Plc agreed to underwrite in full a $20 billion rights offer to finance the acquisition. The insurer will also sell about $5 billion of senior debt.
Prudential Chief Executive Officer Tidjane Thiam is trying to boost the insurers sales in Asia as growth in the U.K declines. By acquiring AIA, - - - - >

Stamp duty on sales of more than HK$20 million ($2.6 million) will rise to 4.25 percent from 3.75 percent from April 1, Financial Secretary John Tsang said today in his budget speech, citing the increased risk of a property bubble.
For people buying their own homes “there might be some impact, but it shouldnt be that big,” said Buggle Lau, chief property analyst at realty company Midland Holdings Ltd. “For speculators, the cost of speculation increases, so they may shift their target to the lower end of - - - - >

The shares closed 2 percent higher after the developer paid HK$3.37 billion ($434 million) for the site in the eastern Tseung Kwan O district. The company raised HK$4.2 billion in a weekend apartment sale that attracted 120,000 prospective buyers in the city of 7 million.
The land auction and the weekend sale fanned speculation a bubble is forming in Hong Kongs housing market, where home prices surged 29 percent in 2009 as low interest rates and an increase in buying by mainland Chinese stoked demand. Norman Chan, - - - - >