Shoe Thrown At Ren Zhiqiang, Outspoken Property Developer

Ren Zhiqiang, CEO of Beijing Huayuan Group, giving a speech in Dalian.

Ren Zhiqiang, CEO of Beijing Huayuan Group, giving a speech in Dalian.

Ren Zhiqiang is the CEO of real-estate property development company Beijing Huayuan Group and is popularly hated for his many comments that are unsympathetic to the many people who are unhappy and unable to afford the soaring real estate prices in China.

From NetEase and Mop:

Ren Zhiqiang encounters thrown shoe while giving speech, claims shoe-thrower isn’t even a house slave

Summary: Afternoon of the 7th, Ren Zhiqiang is at the forum held by the Dalian Real Estate Association and just after stepping on stage, a pair of shoes were thrown at the stage by a member of the audience screaming “Go to hell!”. Ren Zhiqiang laughed and said this treatment is comparable to that of a president’s, even expressing that the shoe-thrower isn’t a “house slave”, but someone who can’t even afford a down payment.

[A “house slave” is a nickname for someone who is bound to a mortgage.]

On YouTube:

From Baidu Baike:

[Ren Zhiqiang’s] Infamous Quotes:

  1. “Vermicelli sold at shark’s fin price is called a “bubble” [referring to real estate bubble].
  2. Everyone can afford houses, some should not purchase more houses.
  3. “Real estate developers must horde land. Only when we have land in our hands can our hearts be at peace.”
  4. “Wages are growing, GDP is growing, so if housing prices don’t grow then it would be wrong.”
  5. “Chinese people are too rich, and houses are too cheap.”
  6. “We are just servant girls.”
  7. “Macroeconomic controls are not for housing prices to fall, but to allow them to steadily grow.”
  8. “When housing prices fall, property developers have the right to not build houses.”
  9. Real estate is supposed to be an enterprise with enormous profits.”
  10. “I am a businessman, I don’t consider the poor.”
  11. “Those people who didn’t buy houses have all lost.”
  12. There are still a lot of land in China that is still available for development.”
  13. High-end housing is supposed to be unaffordable for poor people”
  14. “Publicly revealing developer’s costs is paramount to men revealing their wives’ measurements.”
  15. “My housing prices will not drop, I would rather non-locals, even foreigners come buy my houses.”
  16. “If you can’t afford a house, why not return to the countryside?”
  17. “You dare to bite me? Well?”

Shoe Thrown at Ren Zhiqiang while he gave a speech in Dalian.

Comments from NetEase


Ren Zhiqiang. Such a wasted opportunity. Why didn’t that person throw a kitchen knife? It would have been better if that person threw a kitchen knife.


Actually, everything “Big Cannon” [Ren Zhiqiang’s nickname] says is truth.

网易四川成都网 友:

I think Ren Zhiqiang has already explained the essence of why there a high housing price problem has developed in China, yet some people refuse to listen, which may also be why they can’t afford houses. Even from a perspective different from a buying a house, us young people should struggle [to make a life/establish oneself]. If not for a house then for what? For ourselves. This society [world] will always have different levels, and in the future when the differences are larger and larger, those who cannot afford a house should seriously reflect upon themselves.


Disgusting people I’ve seen a lot of. If they’re low-key, that’s fine. However, I’ve never met a person as disgusting as this coming out being flippant and arrogant everywhere. Well-thrown!


Send Sister Feng to Ren Zhiqiang. I think the two of them would really be a good pair.


Someone throws an old shoe towards a garbage bin and he takes himself as a president.


“Big Cannon” Ren got what he deserves. People can’t even pay the down payment. Look at this world, isn’t the gap between rich and poor far too wide? What right do you have to eat delicacies every day while those who belong to the bottom levels of society should live in suffering?


I don’t have a bomb. If I had a bomb to throw, I would bomb you to death you bastard.


Pummel Old Dog Ren, this dog shit. This motherfucker is too detestable!

网易广东深圳网 友:

I’ve been struggling [to make a life/establish oneself] in Shenzhen for four years, and I finally have a house that can be called my own. Amongst my classmates, I am amongst the so-called “successful”, and indeed I have “ate a lot of bitterness” [gone through many difficulties], expended a lot of energy. Nowadays, a lot of recent graduates, who didn’t study hard in school in the first place, upon entering society are not willing to “eat bitterness” [work hard] either, not willing to lower their heads and work, and yet they expect to buy a house after one or two years. Let me ask, of life’s biggest things, buying a house should be one of them. Since it is a big thing, how could it be easily realized? I think Ren Zhiqiang is right, those who are cursing him should first reflect upon themselves.


Actually, our country’s real estate [situation] is not just the developers’ fault. Is the ZF not responsible for a bit of it at all? If they normally don’t take so many kickbacks, would housing prices have increased like this?


Throw a used maxi pad to seal his mouth!!!


Anyone ant to pool money together and hire an assassin? I will offer three months salary.


China’s housing prices are unable to drop now! Home speculators + developers + an imperfect system = China’s housing market.


When I was in training, the teacher said: Property developers are like whores, becoming addicted to this line of work. The money comes fast with little effort. However, good people really can’t do it.

What do you think?

Cartoon depicting the shoe-throwing incident of property developer Ren Zhiqiang.
"This is the presidential treatment!"

The shoes thrown at outspoken property developer Ren Zhiqiang.

UPDATE: Some more translated information at EastSouthWestNorth.


Written by Fauna

Fauna is a mysterious young Shanghainese girl who lives in the only place a Shanghainese person would ever want to live: Shanghai. In mid-2008, she started chinaSMACK to combine her hobby of browsing Chinese internet forums with her goal of improving her English. Through her tireless translation of popular Chinese internet news and phenomenon, her English has apparently gotten dramatically better. At least, reading and writing-wise. Unfortunately, she's still not confident enough to have written this bio, about herself, by herself.