The heft and feel of a well-worn handle,
The sight of shavings that curl from a blade;
The logs in the wood pile, the sentiment of huge beams in an old-fashioned house;
The smell of fresh cut timber and the pungent fragrance of burning leaves;
The crackle of kindling and the hiss of burning logs.
Abundant to all the needs of man, how poor the world would be
Without wood.

Everard Hinrichs, quoted by Eric Sloane in A Reverence for Wood


Sunday, September 11, 2011

Social housing in China

More on the Chinese housing industry. You will recall the "Ghost Cities" we talked about earlier this year...Goldman Sachs analyst Helen Zhu explains in this excellent short video series how the housing market in China developed over the past decade...and how it may develop over the next.

Goldman Sachs | Global Economic Outlook - Highlights from "Social housing - A new growth focus"