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Submitted by Damjan D on
Greetings Mr. Xu I have a feeling that my request will be covered in part two but I will submit it anyway. Can you talk about the impact that the large holdings of SOEs can have on inflating true value in markets? Ex: One of the explanations for there being a bubble in the real estate market is that large SOEs are bidding the price of land too high for anything built there to be profitable in the long run.