From the Star:
Something bothered me about the People’s Congress sessions in Beijing and Shanghai. In both cities, skyrocketing housing prices are, as reflected in the Chinese language press, one of the biggest issues that local legislators complain about.
But frankly, in neither city can the municipal administration come up with a clear statement about what to do to effectively balance supply and demand. It is not because they don’t want to. It’s because they can’t.[Full Text]
