Quote of the week (Dec. 9, 2009)

Fěnsī mài dào yúchì de jiàgé cái jiào pàomò.
粉丝卖到鱼翅的价格才叫泡沫。

If the price of vermicelli is equal to that of shark’s fins, we can say there is a bubble in this market.
— By 任志强(Rèn Zhìqiáng) Ren Zhiqiang, a famous executive commenting on China’ s real estate market.

 

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