Quotable
Updated: 2013-04-18 08:00
(China Daily)
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"Beipiao (Chinese who struggle to seek fortunes in Beijing), please escape from Beijing. Common wage-earners, please escape from Beijing, Shanghai and Guangzhou."
Ye Tan, a financial commentator, says rising house prices and increasing rents for houses in mega-cities have become a heavy burden for middle- and low-income earners. Ye said on her micro blog on Tuesday that wealthy people who own several houses in Beijing have made considerable profits from rapidly rising property prices.
(China Daily 04/18/2013 page2)
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