On housing prices

• Source: Global Times
• [01:17 September 09 2010]
• Comments

"The theory that mother-in-laws are demanding (a house before a man marries her daughter) helps boost housing prices is beyond all doubts."

Shang-Jin Wei, a professor at Columbia Business School,

on the skewed ratio between men and women in China believed to have resulted in a high savings rate, and even influenced the exchange rate of the yuan, quoted by Hong Kong-based Wen Wei Po Wednesday.