thank you, charlie. >> we continue tonight with zhang xin the ceo of soho china and it's been one of the biggest contributors to china's growth and concerning china's housi bubble can go bust. home prices nationwid nationwid the third straight month in november and average prices are down about 40% from their peak in mid-2009 and in beijing more than 1,000 real estate agencies have closed this year. charlie spoke with zhang xin last month and here is that interview. >> charlie: tell me what's going on in your particular sector the commercial and real estate market in china. >> this year i think china's real estate market is probly the most challenging in the 16 years i' been in this industry. you read headline news that property prices go down and so on and that's because the government has exercised an austerity measure to control. if you own one apartment you simply cannot buy a second one. for commercial real estate which we do, it doesn't quite apply but what it does matter is when the credit is really tight in the country because chinese government is trying to fight against inft