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Forums > Living in Kunming > Transferring money into China

Just to be clear, in case someone comes to this thread on page 3 and draws the wrong conclusion about the rental multiplier. The rental multiplier does not set the property value. It is just a crude indicator to the level of property prices, i.e. overpriced (bubble) or under priced (depressed). I have heard figures of 200-300x being used to describe a sensible level, but that is of course subjective. I have only heard it used in this way, for the domestic property market.
As for leasing values of commercial property, that is a totally different market. People buy commercial property with the aim to earn/rent it out usually, and not as an investment. About 5 years ago we were quoted commercial property rents in Kunming (not in prime locations) that were higher than they were in comparable districts (not prime locations) in Shanghai. I cannot suggest reasons for this particular form of madness, except just dumb avarice.

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PR 101. Apologize, then find out what happened. It is hard to apportion/accept blame if it is too early to have the facts. If you don't know what happened don't speculate, because if you are wrong it will only come back to bite you. But it is never to early to apologize.

If you don't know what has happened an apology is not an admission of guilt.
From the looks of things OSI have taken action, and are fully cooperating with the authorities to make sure this does not happen again.

As for McD and KFC, they are paying the price for the actions of an unscrupulous supplier. It is unlikely that McD Corp or Yum Brands are in any way culpable. They do not appear to be the villain in this case.
Responsibility ultimately rests with OSI, for poor supervision. There is also the Chinese practice of 'open inspections' (the government inspectors tell you when they are going to visit), and the problem of a legal system where the penalties are not hard enough to be a real deterrent.

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Trying to defend or explain it away would be worse PR, as it would look like the old shift the blame game. A favourite tactic in face cultures.

In fairness to OSI, on Sunday they started recalling ALL meat products and withdrawing them from this market.

Reviews

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A reasonable choice of lumber that has improved over time. Fancy hardwoods like walnut, and mahogany are in abundance. There are some plywood and rubber-wood boards available. There are also some kiln dried imported softwoods and merbao available. Some of the lumber is very green, so look for the kiln dried if you need stable timbers.

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Echo everything said by others.
Breakfast great and the serve from 8am. Most other places say 9am and they still are not ready.
Sandwiches are cheap 22-32, and really packed full of filling. We got some sandwiches for a day out, the only mistake I made was ordering two, as this was too much. These are seriously good sangars, and they are wrapped in alu foil.

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In fairness to Metro, they are a wholesalers, and not really a supermarket. Hence the need for a card, which can be got around.

They have improved in the year I have been away. They now carry a more consistent range of imported foodstuffs and they also seem to have sorted out the mported milk supply.

They have a wider range of electrical appliances now, there is a coice of more than one toast. There is also a better range of seasonal non foods, like clothes, shoes, garden furniture and camping gear.