Quotable

"Beipiao (Chinese who struggle to seek fortunes in Beijing), please escape from Beijing. Common wage-earners, please escape from Beijing, Shanghai and Guangzhou."

Ye Tan, a financial commentator, says rising house prices and increasing rents for houses in mega-cities have become a heavy burden for middle- and low-income earners. Ye said on her micro blog on Tuesday that wealthy people who own several houses in Beijing have made considerable profits from rapidly rising property prices.