Quotable
China Daily |
Updated: 2013-08-09 09:20
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"Real estate prices in first-tier cities like Beijing and Shanghai will keep rising as the administrative structure is keeping high-quality resources there. The price rise is part of a regular market pattern."
Li Tie
, director for the China Center for Urban Development, a think tank under the National Development and Reform Commission, speaking at an economic summit in Beijing on July 31. China's first-tier cities are not facing property bubbles, he said."Driving a BMW but drinking polluted water - that is definitely not the modernization prospect we foresee."
Zhou Shengxian, minister of environmental protection, quoted by the People's Daily speaking on Aug 7. Zhou says progress in building an ecologically responsible society can be guaranteed only by implementing strict environmental regulations and the rule of law.
(China Daily European Weekly 08/09/2013 page3)
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