In China 17% of home purchases are done with cash, and “Buyers who use mortgages have a lot of skin in the game:  the minimum down payment for owner-occupiers is 30% and 60% for investors.”  If you read just one long piece this weekend, make it this by CLSA.

Copper commentary:  John Tumazos

Being constructive on Chinese growth is now contrarian as here is a positive spin on China’s electricity demand:  FT Alphaville

China Commodities & Resources Wrap for the Week of 5/18/2012  The China Perspective