Recently, Huawei actively consider investing in areas other than of Shenzhen, which has attracted the market’s attention. According to reports, due to the high prices of real estate in Shenzhen and Shanghai, Huawei will set up a number of world-class R & D bases in Jiangsu. Ren Zhengfei, the President of Huawei Technologies had previously publicly expressed dissatisfaction with the high real estate prices in Shenzhen. For some cities that attach importance to industrial development (especially manufacturing), it must be borne in mind that real estate price is an important competitive force for industrial cities; if the city is mainly engaged in the service sector, it can raise real estate prices moderately; if it is manufacturing industry, the real estate prices should be curbed. If the city value short-term gains from real estate, and vigorously pushed up prices, that would be disastrous to all industries.
