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Shanghai Edward foreign exchange fraud?
Edward Prescott, a famous American economist and Nobel Prize winner, said at the 3rd Fujian Business Forum held in Xiamen on September 8, 20 12:

China is a country with a large population. In many cities, the population density on limited land is very high, so in this case, the real estate price will be very high.

Edward said that it is normal for real estate prices to fluctuate greatly. Sometimes high, sometimes low. China people are very concerned about whether house prices will fall. This is a good phenomenon. If one day, everyone is saying that China's housing prices will rise, then the real estate prices may fall sharply.

Edward also expressed his views on what China people often call gdp. Edward said that as long as demand increases and income increases, GDP linked by a series of indicators will increase. Of course, it also depends on the proportion of foreign currency in the total currency.

Edward said that in the past few years, I have seen that China's foreign exchange reserves are quite high, accounting for almost 50% of GDP. To keep this stock, the key is to increase foreign trade.