Chinese domain sales report.
The Chinese market is currently on fire, and it’s all dependent on credit.
Sporting a corporate bond market of $3 trillion dollars – that’s TRILLION – economic figures for March reveal a growing dependence on debt.
China’s aggregate financing doubled from a year earlier to 2.34 trillion yuan, exceeding all forecasts. Policy makers turned on the taps to support economic growth.
What does this mean?
Basically, that the yuan printing and lending machine is on a dangerous course. Non-financial companies traded in Shanghai and Shenzhen generate barely enough operating profit to cover the interest expenses on their debt twice, down from almost six times in 2010, according to Bloomberg.
And yet, it will be an awesome Q3, at least for the buyer of the domain Q3.com, which is among today’s list of short domains sold on the Chinese domain market. Along with it, two letter domain QE.com appears to have changed owners as well.
We keep track of short domains, of between 2 to 4 characters in the .CN and .COM TLDs. On a rare occasion, we see single character domains change hands.
Today’s list is of typical size, and aside from Q3.com and QE.com, we noticed a nice NNNN .com as well.
Here are today’s domains:
kqc.cn
q3.com
qe.com
qyq.cn
ssj.com
1061.com
bhdx.com
dhxw.com
fwnb.com
gjdn.com
hhfj.com
hpyw.com
jdrk.com
jgsr.com
kdcw.com
kqch.com
krsq.com
lhhp.com
ndjb.com
njgp.com
nmrn.com
nwcx.com
pbfb.com
pmht.com
pymn.com
tpkr.com
wbzz.com
wkdh.com
yrff.com
Chips don’t seem to sell for more than $1,500 on average, and that’s a huge drop in price in just 4 months, when they maxed out at about $2,500.
Will things change in Q3/2016?
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