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with Gregory C. Arquette and William O. Brown, Jr)

[U]nlike pawnshops in most countries, the realbusiness [in China] is a steady stream of people putting their houses in hock... Beijing residents [in 2006] pawned houses valued at Rmb 1.5bn, much of it in order to buy shares.

(Dyer, 2007, p. 3)

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Source: Burdekin Richard C.K.. China’s Monetary Challenges: Past Experiences and Future Prospects. Cambridge University Press,2008. — 272 p.. 2008
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