Wang Shi: The problem of rising prices is big

Vanke Group Chairman Wang Shi (Information pictures) December 23 Morning News Vanke chairman Wang Shi said this day, water prices rose, resource-oriented commodity is the inevitable trend, and the problem of rising house prices is big. As one of the most stable companies in the industry, Vanke and Wang Shi have always been widely concerned about the market trends. In recent days, Wang Shi has made a statement on several occasions, saying that China's real estate market has produced bubbles, and the bubble will eventually burst.　　Vanke has already prepared ahead of time. This week, at the 2009 Fudan University EMBA and Society annual meeting, Wang said "there is no bubble in the country's two or three-line cities, but I am very worried about the spread of this bubble to two or three-line cities, which is very much like Japan's bubble economy era." "Vanke has made a calculation, according to the current Beijing, Shanghai's housing prices, to see the total land price in Beijing and Shanghai." Before the bursting of the Japanese property bubble, land prices could buy the United States, "we now have this trend, which is terrible." "(Ding from Beijing)