Ren Zhiqiang, president of Beijing Huayuan Group, on government policies issued to control property prices:

Ren Zhiqiang, president of Beijing Huayuan Group and chairman of the Huayuan Property Corporation, on the potential effects of government policies designed to control soaring property prices:
"Severe administrative interference has occurred to such an extent that property prices have to fall. Housing prices are not a market signal any more. Their fluctuation is inevitable and a further drop is also highly possible."