Property Developer Speaks Out Against New Property Market Measures

Outspoken property developer Ren Zhiqiang, who has a reputation for speaking his mind on home affordability in China, has published an article on his Sina blog attacking recent policies introduced to curb soaring property prices in some key Chinese cities. Ren, who is president of the state-owned Huayuan Group, argued that the government should rely on market methods to address the problem. He added that he thought the measures might well be effective in the short term, but will not solve the problem in the long run.

Source
China Entrepreneur

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