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China Gags Property Boycott Protester

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"China gags property boycott protester

Richard Spencer / London Telegraph | May 22 2006

China has silenced a businessman who called for a boycott of property purchases in protest at rising house prices.

Zou Tao, who sells golf equipment in Shenzhen, was so outraged with prices that were out of reach of most ordinary Chinese that he launched a petition calling for the public to stop buying real estate for three years. Within days, he had 30,000 signatures from across the country.

Until recently, demands for lower prices would have been tolerated by the government, which is trying to deflate the bubble gently and is also concerned about growing resentment of China's new rich, many of whom have become speculators.



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