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"very cheap" - There is no need for the quote. The real estate price in China, especially in Shanghai has been skyrocketing in the past decade. The average apar

• rgovind 12y ago
  It is generally assumed that Bay area is more costly than most of China. Hence the quote. Of course, chinese people may know that it is otherwise....
  • seanmcdirmid 12y ago
    I heard the average sale price of an apartment in China was $500K...that is for the whole country, including 2nd and 3rd tier cities. Now, I don't know how believable that is, but if true...wow...oh...wow...
• tzm 12y ago
  He asked about the price of a property near Santa Clara, which was approx $900k. His response was, "oh that's very cheap". He was expecting about $1.5m. An interesting comment.
• firebrand39 12y ago
  True, and they have been surging again after the chinese government eased monetary conditions after the financial crisis in 2009 (remember). But to Xi Jinpings credit -and I do not think he is getting enough of it- he has pricked it. For those not actively following china. There is a big difference between the central government (Xi Jinping) and provincial and local government. In that the central government has much less control than one would think or is used to in the West. Chinese leadership is implementing a lot of new policies which can be summarized under 'improved quality of economic growth'. So we will see how that goes. But it should have an impact on emigration.