Wednesday 9 September 2009

Dubai should take China’s property market medicine

It was a very Dubai moment, except that it happened in Shanghai. A few years back I was on a rooftop terrace in the heart of China’s commercial capital in the company of Sir Rod Eddington, then the chief executive of British Airways.

Rod, an affable host, was expounding on the dynamism of Shanghai’s business culture.

Beverage in hand, he swept his arm the length of the vista in front of us, taking in the Huangpu river and the eye-boggling vision of Pudong at night.

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