How do you expect a company’s shares to react when its chairman says his sector is in a bubble? Not by rising 7 per cent. Yet this is what happened to housing developer China Vanke yesterday. Welcome to the twisted logic of the Chinese property market.
如果一家公司的董事長說他所處的行業存在泡沫,那麼這家公司的股票會作何反應?應該不會是上漲7%。然而這就是中國房地產開發商萬科(Vanke)昨日發生的事情。歡迎來到中國房地產市場的扭曲邏輯世界。
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