i agree with madame christine lagarde. it's a communication issue.he communication is what is important. communicating what the chinese market is going to be and stick with that theory. no matter how painful it is in transition. transitions are difficult. you've got to stick through the transition. francine: how difficult is communication when you're dealing with such a huge and complex economy? ms. xin: i come from the real estate economy side. what i see is, a difference between the stock market, which is hugely discounted, and the real economy, where we see the easing of monetary policy is actually pushing the asset price up. that is on the one side. in terms of transition from an investment-driven economy to consumption-driven economy, we used to build buildings. today, we just manage the leasing. leasing is going well. the cities i operate in, beijing and shanghai, we see a massive uptake of space by internet companies. not so much of the old economy, non-internet and traditional companies. by and large, we have new buildings coming up almost ev

i agree with madame lagardere -- with madame christine lagarde it's a communication issue. , the communications what is important. communicating what the chinese market is going to be and stick with that theory. transitions are difficult. you've got to stick through the transition. francine: how difficult this communication when you're dealing with such a huge and complex economy? ms. xin: i come from the real estate economy side. what i see is a difference between the stock market which is hugely discounted and the real economy where we see the easing of monetary policy is pushing the active price up. in terms of transition from investment driven economy to consumption driven economy, we build holdings. today we just manage the lease. leasing is going well. the cities i operate in beijing and shanghai, we see a massive uptake of internet companies. the old economy, non-internet and traditional. we have new buildings coming up almost every other month and they are all taken up. we have not seen the building sitting there empty. i think there must be a communication issue. the real economy seem