Updated: 2013-05-20 07:22

(China Daily)

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"A bra, a rather small thing, may cost the buyer several hundred yuan. Compared with the square meter price of a house, the bra is much more expensive."

Ren Zhiqiang, an outspoken Chinese real estate developer, said in a forum on Sunday after two female entrepreneurs, one of them the president of a clothing company, complained to him about the high price of houses in China. Ren also argued that a real estate project takes several years to develop, but a manufacturer of clothing needs but a short time to develop a product.

(China Daily 05/20/2013 page2)