Cao An. But based on my audit experience with various state firms before, I do believe there is a credit boom which pushes up the bubble in the real estate sector and most state firms are reckless in their investment behavior.
America will not be free from business cycle, so is China. To cite a peaking point in the stock market does not imply the bubble will not burst. You are experienced senior executives, your experience in US might have remind you of that point.
