Professor Li Yining of PKU

Professor Li Yining, Dean of Guanghua Management College, talked at the 7th Guanghua New Year Forum on Dec 25th, 2004


While many people are starving, many students have to drop out of school because of poverty, professor Li Yining claimed that Chinese people were so rich that most of them had second houses somewhere.

Professor Li claimed, if not all professors of PKU had their own cars and vacation houses, then the economic reform of China could be seen a failure.

In 2004, when the housing price in all major Chinese cities were already over priced, Li stated that there were no bubble in real estate market.

His 2005 study recommended that China should make policy to keep an low income population to maintain the low cost of labors.

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