---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40021174.md"
description: "Pan Shiyi's latest article on April 16: China's real estate industry is a Ponzi scheme, and all stakeholders in the entire industry lack integrity. Because of telling the truth, he has been marginalized for the past two decades."
datetime: "2026-04-18T14:37:32.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40021174.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40021174.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40021174.md)
author: "[浩浩小课堂](https://longbridge.com/en/profiles/19784218.md)"
---

# Pan Shiyi's latest article on April 16: China's re…


## Comments (1)

- **我不想说 · 2026-04-18T22:03:11.000Z · 👍 3**: The first real estate figure to be ostracized and slandered was Ren Zhiqiang.