January 10, 2006

  • Wild Wild East…

    A.D.D Brand Slut.  That’s what my girlfriend calls me, because of my enthusiasm for the brands that we work for here in China. To my defense, the brands we work for are some of the world’s coolest, and their histories and cultures coupled with their explosive growth in China makes everything that much more exciting.  Our recent Cartier, M.A.C. and Diesel events are testament to that.

    But being here for 4+ years, it does take its toll. Coming to China for most people is a 1 year endeavour. Many (especially women) can’t last too much beyond a year. The allure of Shanghai does capture the eyes of many, though, and before you know it another year has passed. It’s one of those go, go, go cities, where people just seem to come in and out like a revolving door. New people, new ideas, new money all the time. And yet, in the 4+ years that I’ve been here I often wonder if staying is in my long term interests. As exciting as it sounds, and as envious as some of my friends may be of the free-wheeling nature of the wild wild East, I look and envy my friends who took the more stable route. Some have moved in with their girlfriends, some married, some with kids, some paying their mortgages and having that family… the grass is always greener on the other side.

    And yet, there is something out there that still beckons my name… what the hell is it?

December 29, 2005

December 15, 2005

  • You know you’re old when you go to a Michael Bolton concert

    A series of unfortunate things have happened in my family lately. An aunt of mine has recently passed away, and another uncle of mine is pretty sick. I can do nothing but pray and knowingly hope that everything will somehow turn out ok. Situations like this make me think of my own parents, most importantly my mom, who has singlehandedly raised me and my brother by devoting her entire adulthood to us. I often wonder when I’ll be ready to throw away everything and dedicate my life to something, no matter the cost… that’s what a good parent does.

    My mom came up to Shanghai this week, along with an uncle and aunt of mine and we got wind that Michael Bolton was performing in Shanghai. It was his first performance ever in China, and my mom and her generation love Michael Bolton. The concert was at Shanghai Worker’s Stadium and I had bought scalped tickets. It is quite easy to get scalped tickets and the price of the scalped ticket in Shanghai in comparison with it’s actual retail value is a function of various factors:

    1/ Size of venue (the larger the venue, the more likely the lower the price)
    2/ Popularity of artist (obviously the more popular, the more likely the price will be higher)
    3/ Promotion of event (the more promoted, the more likely the lower the price)
    4/ Time of scalped ticket sale (as it approaches the concert start time, the price generally decreases)
    5/ The ratio between buyers and sellers on site (the more people scalping, generally the lower the price)

    In our case, Michael Bolton’s first ever China concert in Shanghai was:
    1/ Held at Shanghai Worker’s Stadium, capacity of about 9,000pax (relatively large venue)
    2/ Michael Bolton is fairly popular, of all his songs, the one that seemed to get most response from the locals was the Hercules soundtrack
    3/ I don’t think it was well promoted, I only heard of it on the day of, but then again, the place was about 90% full
    4/ We bought the tickets at 7:25, 5 minutes before start of concert
    5/ There was roughly an even 1:1 ratio

    All in all we paid 350rmb for a 480rmb ticket… it was an ok concert, EXCEPT he had the flu and couldn’t hit his high notes. He also cut his concert a bit short, probably by about 4 – 5 songs. In retrospect, I would have been happier paying a bit less, but it was a pretty good concert, for someone who had the flu.





    I swear this is Michael Bolton.  Pics were taken from my Nokia Phone.

December 2, 2005

  • PISAN!

    So the Diesel party came and went like a thunderstorm through Shanghai. For those of you who missed it, here is where you’ll find a few good pics.

    Here’s a preview:





    And as you can tell, I caved into purchasing me some Flickr. Should be a lot more image postings on here soon. So, in all entirety, I’ve spent money on purchasing a lifetime Xanga membership, Flickr, SkypeOut and some random items off eBay.

    So the title of this blog is such because I wanted to comment on how cool I thought the Italian language and people are. When the Diesel team flew into Shanghai, it felt like an episode of the Sopranos. Them speaking with their expressions and such. They had their hand gestures, facial movements and heavy set Italian accents. I wanted to turn on my Italian accent at some point, had to bite my tongue to hold myself back. Not to mention they were all in Diesel gear, all really cool guys that really give the image of coolness that the brand is out trying to convey. Me on the otherhand, with my suit and tie felt really uncomfortable.

    About 1000 people showed up to the Diesel Launch in China, and this is only the beginning I’m sure.




November 18, 2005

  • Diesel Launch in Shanghai

    Those Scammers! I just realized that Flickr will only let a given user have 3 sets of photos at any given time. Why can’t they have a one time payment like Xanga did?

    I wanted to share some of the Diesel ad imagery.

    I guess one will have to do.

    Their launch is Nov 26, 2005. Message me if you want tickets…

November 13, 2005

November 5, 2005

  • The Future

    I thought this was a really cool read. I am thinking of buying his book.

    Human 2.0 By Ray Kurzweil
    October 25, 2005

    We are making exponential progress in every type of information technology.
    Moreover, virtually all technologies are becoming information technologies.
    We can reliably predict that in the not too distant future we will reach
    what is known as “The Singularity”.

    This is a time when the pace of technological change will be so rapid and
    its impact so deep that human life will be irreversibly transformed. We will
    be able to reprogram our biology, and ultimately transcend it. The result
    will be an intimate merger between ourselves and the technology we create.

    The evidence for this ubiquitous exponential growth is abundant. In my new
    book, The Singularity is Near, I have graphs from a variety of fields,
    including communications, the internet, brain scanning and biological
    technologies, that reveal exponential progress. Broadly, my models show that
    we are doubling the rate of technical innovation every decade. Throughout
    the 20th century, the rate of progress gradually picked up speed. By the end
    of the century, the rate was such that the sum total of the century’s
    achievements was equivalent to about 20 years of progress at the 2000 rate.

    Growth in information technology is particularly rapid: we’re doubling its
    power, as measured by price-performance, bandwidth, capacity and many other
    measures, every year or so. That’s a factor of 1000 in 10 years, a million
    in 20 years, and a billion in 30 years, although a slow, second level of
    exponential growth means that a billion-fold improvement takes only about a
    quarter of a century. The exponential growth of computing goes back over a
    century and covers five main paradigms:

    . Electromechanical computing as used in the 1890 US census.

    . Relay-based computing as used to crack Nazi cryptography in the early
    1940s.

    . Vacuum-tube-based computing as used by CBS to predict the election of
    Dwight Eisenhower as US president in 1952.

    . Discrete-transistor-based computing as used in the first space launches in
    the 1960s.

    . Computing based on integrated circuits, invented in 1958 and applied to
    mainstream computing from the late 1960s.

    Each time it became apparent that one paradigm was about to run out of
    steam, the realisation resulted in research pressure to create the next
    paradigm. Today we have more than a decade left in the paradigm of shrinking
    transistors on an integrated circuit, but there has already been enormous
    progress in creating the sixth main computing paradigm of three-dimensional
    molecular computing, using carbon nanotubes for example. As another example,
    it took us 14 years to sequence the genome of HIV; SARS took only 31 days.

    The result is that we can reliably predict such measures as
    price-performance and capacity of a broad variety of information
    technologies. There are many things we cannot dependably anticipate. Our
    inability to make reliable predictions applies to any specific project. But
    the overall capabilities of information technology in each field can be
    projected. I have been making predictions of this type for more than 20
    years.

    We see examples in other areas of science of very smooth and reliable
    outcomes resulting from the interaction of a great many unpredictable
    events. Consider that predicting the path of a single molecule in a gas is
    essentially impossible, but predicting the properties of the entire gas -
    comprised of a great many chaotically interacting molecules – can be done
    very reliably through the laws of thermodynamics. Analogously, it is not
    possible to reliably predict the results of a specific project or company,
    but the overall capabilities of information technology, comprised of many
    chaotic activities, can nonetheless be dependably anticipated through what I
    call the law of accelerating returns.

    Between 2000 and 2014 we’ll make 20 years of progress at 2000 rates,
    equivalent to the entire 20th century. And then we’ll do the same again in
    only seven years. To express this another way, we won’t experience 100 years
    of technological advance in the 21st century; we will witness in the order
    of 20,000 years of progress when measured by the rate of progress in 2000,
    or about 1000 times that in the 20th century.

    Ultimately, we will merge with our technology. As we get to the 2030s, the
    non-biological portion of our intelligence will predominate. By the 2040s it
    will be billions of times more capable than the biological part.

    Above all, information technologies will grow at an explosive rate. And
    information technology is the technology that we need to consider.
    Ultimately, everything of value will become an information technology: our
    biology, our thoughts and thinking processes, manufacturing and many other
    fields. As one example, nanotechnology-based manufacturing will enable us to
    apply computerised techniques to automatically assemble complex products at
    the molecular level.

    This will mean that by the mid 2020s we will be able to meet our energy
    needs using very inexpensive nanotechnology-based solar panels that will
    capture the energy in 0.03 per cent of the sunlight that falls on the Earth,
    which is all we need to meet our projected energy needs in 2030.

    A common objection is that there must be limits to exponential growth, as in
    the example of rabbits in Australia. The answer is that there are, but
    they’re not very limiting. By 2020, $1000 will purchase 1016 calculations
    per second (cps) of computing (compared with about 109 cps today), which is
    the level I estimate is required to functionally simulate the human brain.
    Another few decades on, and we will be able to build more optimal computing
    systems. For example, one cubic inch of nanotube circuitry would be about
    100 million times more powerful than the human brain. The ultimate
    1-kilogram computer – about the weight of a laptop today – which I envision
    late in this century, could provide 1042 cps, about 10 quadrillion (1016)
    times more powerful than all human brains put together today.

    And that’s if we restrict the computer to functioning at a cold temperature.
    If we find a way to let it get hot, we could improve that by a factor of
    another 100 million. And we’ll devote more than 1 kilogram of matter to
    computing. We’ll use a significant portion of the matter and energy in our
    vicinity as a computing substrate.

    Our growing mastery of information processes means the 21st century will be
    characterised by three great technology revolutions. We are now in the early
    stages of the “G” revolution (genetics, or biotechnology). Biotechnology is
    providing the means to change your genes: not just designer babies but
    designer baby boomers. But perfecting our biology will only get us so far.

    Biology will never be able to match what we will be capable of engineering,
    now that we are gaining a deep understanding of biology’s principles of
    operation. That will bring us to the “N” or nanotechnology revolution, which
    will achieve maturity in the 2020s. There are already early impressive
    experiments. A biped nanorobot created by Nadrian Seeman and William
    Sherman, of New York University, can walk on legs only 10 nanometres long,
    demonstrating the ability of nanoscale machines to execute precise
    manoeuvres.

    Microchips of Bedford, Massachusetts, has developed a computerised device
    that, when implanted under the skin, delivers precise mixtures of medicines
    from hundreds of nanoscale wells inside it. There are many other examples.

    By the 2020s, nanotechnology will enable us to create almost any physical
    product we want from inexpensive materials, using information processes. We
    will be able to go beyond the limits of biology, and replace your current
    “human body version 1.0″ with a dramatically upgraded version 2.0, providing
    radical life extension. The “killer app” of nanotechnology is “nanobots”,
    blood-cell-sized robots that can travel in the bloodstream destroying
    pathogens, removing debris, correcting errors in DNA and reversing ageing
    processes.

    We’re already in the early stages of augmenting and replacing each of our
    organs, even portions of our brains with neural implants, the most recent
    versions of which allow patients to download new software to their implants.

    The most profound transformation will be “R” for the robotics revolution,
    which really refers to “strong” AI, or artificial intelligence at the human
    level. Hundreds of applications of “narrow AI” – machine intelligence that
    equals or exceeds human intelligence for specific tasks – already permeate
    our infrastructure. Every time you send an email or make a mobile phone
    call, intelligent algorithms route the information. AI programs diagnose
    electrocardiograms with an accuracy rivalling that of doctors, evaluate
    medical images, fly and land aircraft, guide intelligent autonomous weapons,
    make automated investment decisions for over $1 trillion of funds, and guide
    industrial processes. A couple of decades ago these were all research
    projects.

    With regard to strong AI, we’ll have both the hardware and software to
    recreate human intelligence by the end of the 2020s. We’ll be able to
    improve these methods and harness the speed, memory and knowledge-sharing
    ability of machines.

    Ultimately, we will merge with our technology. This will begin with nanobots
    in our bodies and brains. The nanobots will keep us healthy, provide
    full-immersion virtual reality from within the nervous system, provide
    direct brain-to-brain communication over the internet and greatly expand
    human intelligence. But keep in mind that non-biological intelligence is
    doubling each year, whereas our biological intelligence is essentially
    fixed.

    As we reach the 2030s, the non-biological portion of our intelligence will
    predominate. By the mid 2040s, the non-biological portion of our
    intelligence will be billions of times more capable than the biological
    portion. Non-biological intelligence will have access to its own design and
    will be able to improve itself in an increasingly rapid redesign cycle.

    This is not a utopian vision: the GNR (genetics, nanotechnology and
    robotics) technologies each have perils to match their promises. The danger
    of a bioengineered pathological virus is already with us. Self-replication
    will ultimately be feasible in non-biological nanotechnology-based systems
    as well, which will introduce its own dangers. In short, the answer is not
    relinquishment. Any attempt to proscribe such technologies will not only
    deprive human society of profound benefits, but will drive such technologies
    underground, which would make the dangers worse.

    We won’t experience 100 years of technological advance in the 21st century;
    we will witness in the order of 20,000 years of progress when measured by
    the rate of progress in 2000, or about 1000 times that achieved in the 20th
    century. Some commentators have questioned whether we would still be human
    after such dramatic changes. These observers may define the concept of human
    as being based on our limitations, but I prefer to define us as the species
    that seeks – and succeeds – in going beyond our limitations.

    Because our ability to increase our horizons is expanding exponentially
    rather than linearly, we can anticipate a dramatic century of accelerating
    change ahead.

    Intuitive view

    In 2003, Time magazine organised a “Future of Life” conference celebrating
    the 50th anniversary of Watson and Crick’s discovery of the structure of
    DNA. All speakers, myself included, were asked what we thought the next 50
    years would bring. Most of the predictions were short-sighted.

    James Watson’s prediction was that in 50 years, we’ll have drugs that allow
    us to eat as much as we want without gaining weight. “Fifty years?” I
    replied. We’ve already demonstrated it in mice and human drugs using the
    relevant techniques that are in development. We can expect them in five to
    10 years, not 50.

    The mistake that Watson and virtually every other presenter made was to use
    the progress of the past 50 years as a model for the next half-century. I
    describe this way of looking at the future as the “intuitive linear” view:
    people assume the current rate of progress will continue. But technological
    change is not linear but exponential. You can examine the data in different
    ways, and for a variety of technologies, from electronic to biological. You
    can analyse the implications, from the sum of human knowledge to the size of
    the economy. However you measure it, the exponential acceleration of
    progress and growth applies.

    Understanding exponential progress is key to understanding future trends.
    Over the long term, exponential growth produces change on a scale
    dramatically different from linear growth. Consider that in 1990, the human
    genome project was widely regarded as controversial. In 1989, we sequenced
    only one-thousandth of the genome. But from 1990 onwards the amount of
    genetic data sequenced doubled every year – a rate of growth that continues
    today – and the transcription of the human genome was completed in 2003.

    Reverse-engineering the brain

    The most profound transformation will be in “strong” AI, that is, artificial
    intelligence at the human level.

    To re-create the capabilities of the human brain, we need to meet both the
    hardware and software requirements. Achieving the hardware requirement was
    controversial five years ago but is now largely a mainstream view among
    informed observers.

    Supercomputers are already at 100 trillion (1014) calculations per second
    (cps) and will hit 1016 cps near the end of this decade, which is the level
    I estimate is required to functionally simulate the human brain. Several
    supercomputers with 1015 cps are already on the drawing board, with two
    Japanese efforts targeting 1016 cps about the end of the decade. By 2020,
    1016 cps will be available for about $1000. So now the controversy is
    focused on the algorithms.

    To understand the principles of human intelligence we need to
    reverse-engineer the human brain. Here, progress is far greater than most
    people realise. The spatial and temporal resolution of brain scanning is
    progressing at an exponential rate, roughly doubling each year. Scanning
    tools, such as a new system from the University of Pennsylvania, can now see
    individual interneuronal connections and watch them fire in real time.
    Already, we have mathematical models of a couple of dozen regions of the
    brain, including the cerebellum, which comprises more than half the neurons
    in the brain.

    IBM is creating a highly detailed simulation of about 10,000 cortical
    neurons, including tens of millions of connections. The first version will
    simulate electrical activity and a future version will also simulate
    chemical activity. By the mid-2020s, it is conservative to conclude that we
    will have effective models of the whole brain.

    One benefit of a full understanding of the human brain will be a deep
    understanding of ourselves, but the key implication is that it will expand
    the tool kit of techniques we can apply to create artificial intelligence.
    We will then be able to create non-biological systems that match human
    intelligence. These superintelligent computers will be able to do things we
    are not able to do, such as share knowledge and skills at electronic speeds.

    New Scientist

    Futurist, inventor and writer Ray Kurzweil is responsible for innovations
    such as text-tospeech synthesisers and the first musical instrument
    synthesiser. His books include The Age of Intelligent Machines (1990), The
    Age of Spiritual Machines (2000) and his new book, released this month, The
    Singularity is Near: When Humans Transcend Biology, on which this story is
    based.

    www.kurzweiltech.com, kurzweilai.net, singularity.com

October 29, 2005

  • MAC Paints the Town Red

    So here’s the latest…

    Last night was the event for MAC’s official launch in Shanghai. The two girls from the above image are from the event. It was done really well, the MAC artists are truly something else. Basically a multi-level art showroom was rented out. We used the first three floors for the event. Several platforms were placed throughout the first and second floor, each decorated with a unique design as the backdrop. Standing in front of this design was a woman who wore nothing but a g-string and two stickers attached to the nipples. The MAC artists painted each of these women in breathtaking designs.

    Dope right?

    On the third floor, the room was decked out into an after-party venue with lounge style seating and a DJ, free flow champagne and wines all night. I have gone to so many of these friggin events that drinking champagne doesn’t even phase me now. I am certain I downed at least two bottles of Moet last night.

    The party was attended by about 500 people. I hope that MAC makes millions here.

    More pics HERE.

October 24, 2005

  • MAC in Shanghai

    This Friday, we have the fortunate opportunity to officially launch the MAC Cosmetics brand in Shanghai… with 500 persons coming to this party, it’s going to be one helluva ride.

    More to come…

October 21, 2005

  • China Builds Its Dreams, and Some Fear a Bubble
    By DAVID BARBOZA

    Shanghai’s property market is nuts, hopefully there will be a dip soon and a good buying opportunity.

    SHANGHAI, Oct. 16 – Move over, New York. This year alone, Shanghai will complete towers with more space for living and working than there is in all the office buildings in New York City.

    That is in a city that already has 4,000 skyscrapers, almost double the number in New York. And there are designs to build 1,000 more by the end of this decade.

    China’s real estate market is so hot that miniature cities are being created with artificial lakes, and the country’s nouveau riche suddenly seem eager to put down as much as $5.3 million for a luxury apartment in skyscrapers with names like the Skyline Mansion.

    For decades after the Communists took over in 1949, there was relatively little housing construction or office building under central planning. But since the early 1990′s, Shanghai and other cities have been making up for lost time. And this year the building boom is at a frenzy, with the nation expected to lay down the finishing blocks on 4.7 billion square feet or more of construction, a record, up from 2 billion in 1998.

    “There’s no doubt what is happening in parts of China is on a scale we’ve never seen before,” said Richard Burdett, professor of architecture and urbanism at the London School of Economics. “But more importantly, it’s the fastest pace of development in the past 50 or 100 years.”

    In Beijing, the remains of an old Taoist temple now stand in the middle of the parking lot of a new mall more than twice the size of the Mall of America. Big developers are acquiring huge swaths of prime land in the largest cities to build huge residential campuses with kitschy names like Cloudland Water Manor, Eastern Venice, Palais de Fortune and Skyway Oasis Garden.

    Such developments dwarf anything being built today in the West. “I’m working on a master plan for a 46-kilometer riverfront area,” said Robert Egan, who runs a landscape architecture firm in Beijing called PlaceMakers. “Scale like that doesn’t happen in the U.S.”

    It is not uncommon to see a residential development with 10, 20 or even 30 identical high-rise apartment buildings clustered around sculpted green spaces and artificial waterways.

    For increasingly wealthy Chinese, the American dream of a home and a yard has become more like a French villa with a community lake, a town square, a post office, a hospital, a cinema, a church, a hotel, a shopping mall and, of course, a power plant.

    A top-of-the-line unit at one development project has a 25-acre palm-shaped artificial lake, which brochures say will feature docks with berths for private yachts.

    Prices are soaring. Luxury apartments in Shanghai and Beijing with names like Home of the Tycoons now sell for prices comparable to some high-end properties in New York.

    Rising prices have created a circus-like atmosphere in parts of China. Real estate fairs are mobbed, land speculation is rampant and some poor farmers dream about converting their wheat fields into the next Beverly Hills.

    Indeed, prices have risen so fast over the last few years and the pace of building has been so furious here and in other large cities that the government and some leading economists have been warning about a huge property bubble in China.

    The building boom is a principal reason that China is searching around the world for energy and natural resources: it needs the raw material to build new cities, and the energy to power them. That is helping drive up world commodity prices and threatening global environmental damage .

    China’s heavy reliance on coal to power its overcharged economy has already made it the world’s second-largest producer of greenhouse gases, after the United States. And the World Health Organization says China has 7 of the world’s 10 most-polluted cities.

    The construction boom is also beginning to wipe out what little is left of the old China, alarming historic preservationists. Indeed, as the world’s most-populous country, at 1.3 billion, rapidly modernizes and urbanizes, producing millions of new homeowners, its social and economic fabric is being fundamentally altered.

    China’s housing rush is being fueled by mortgage rates around 5 percent and huge inflows of foreign capital. But the boom is also driven by landmark government housing reforms from the 1990′s that for the first time since the Communist revolution of the late 1940′s allowed Chinese to acquire their own homes rather than live in government housing.

    As a result of this privatization, thousands of new residential projects are rising in the bustling coastal provinces. And sprawling satellite towns and luxury villa developments are sprouting in what was once farmland.

    This may just a suggestion of what is ahead. China expects 75 million more farmers to move to cities over the next five years, amounting to one of the biggest mass migrations in history, according to CLSA, a brokerage house specializing in the Asia-Pacific region.

    “China’s demand for housing is just getting going,” says Andy Rothman, a CLSA analyst in Shanghai.

    The boom is most evident in the largest cities like Beijing, which will be host for the 2008 Olympics and is now draped in construction projects that are straining water and power supplies. Every big city seems to have plans for a central business district. And every big housing project seems to have a Phase 1, 2 and 3.

    “Everyone wants to build a Manhattan,” said Jun Xia, a principal in the Shanghai office of Gensler, a global architecture and design firm. “In China, I say ‘smaller, smaller’ and the clients say ‘wider, wider.’ “

    Some of the greatest financial rewards have been going to the country’s new real estate tycoons – people like Pan Shiyi and Zhang Xin in Beijing, and Wang Shi in Shenzhen. A property tycoon in Tianjin, Sun Hongbin, once served a two-year prison term for embezzlement but now graces the cover of magazines like China Entrepreneur.

    It is not surprising that in a country where 170 metropolitan areas have more than a million people, according to government figures, everyone seems to want to be a developer. State-owned oil and steel giants, automobile companies, shipbuilders and even Communist Party newspapers are creating real estate subsidiaries.

    The developer of the Fortune Residence in Shanghai, a high-end property, is a subsidiary of People’s Daily, the leading newspaper of the Communist Party. And China Central Place in Beijing is being developed by Guohua Electric, a power company that for 50 years has occupied land in an area the city recently designated as its new central business district.

    Guohua’s real estate arm is now building a $1.2 billion complex that consists of three high-rise office buildings, a 1.8-million-square-foot shopping mall, 1,300 luxury apartments, two five-star hotels and a man-made lake and river walk.

    Foreigners are also scrambling to enter the Chinese real estate market. Goldman Sachs and Merrill Lynch have invested in property. And Morgan Stanley has acquired about $700 million worth of commercial real estate this year in Shanghai. The city says it now has more than 4,000 skyscrapers – buildings 18 stories or higher – far more than New York, according to Emporis, a global real estate research group based in Germany.

    Also considering investments here are Simon Property, one of the world’s biggest retail developers; Triple Five Group, developer of the Mall of America; and a Japanese real estate tycoon, Minoru Mori, who is spending nearly $1 billion to build one of the world’s tallest buildings – the 1,614-foot Shanghai World Financial Center in the Pudong district.

    There is, of course, a dark side to this real estate boom. In the scramble to reallocate land and create boomtowns, China has spent much of the last decade demolishing millions of old homes and buildings and relocating tens of millions of people, many against their will.

    And there are broader risks. The Chinese government is concerned that soaring prices might overheat the nation’s economy and even threaten social stability. It moved this year to impose new taxes and other tough administrative measures aimed at cooling off the property sector.

    Housing sales have slowed since June. But in recent months, real estate construction has picked up steam again, according to UBS. And that growth is bolstering new demand for energy and raw material. China is already the world’s largest producer and consumer of steel, cement and coal.

    In his report, “China Eats the World,” Mr. Rothman of CLSA predicted that in coming years, “the Chinese dragon will stay very, very hungry.”

    Many Chinese are acting as if the housing boom will not fizzle any time soon. The economy is soaring, income is rising, Ikeas and Wal-Marts are popping up in second-tier cities and tens of millions of people are giddy about the prospects of owning their own homes, driving their own cars and adopting a more modern lifestyle.

    “You know for a half-century, nothing was built in China,” Mr. Jun of Gensler said. “Now there’s a lot of excitement and demand for new houses, and excitement about a new way to live.”