Zhang Xin, chief executive of Soho China, the property company, has differed with Chi?nese Premier, Li Keqiang, on the country?s urbanisation drive.
?By now, most of the cities in China are built,? she said on the fringes of the World Economic Forum in Davos. ?Even small towns are quite built. So I think the intense urbanisation has come to an end.?
Ms Zhang is sometimes called ?the woman who built Beijing? because of her company?s exten?sive developments in the capital.
Other people attending the dinner included George Os?borne, UK chancellor of the ex?chequer; Sheryl Sandberg, Face?book?s chief operating officer; Tony and Cherie Blair, Britain?s former first couple; and chief executives including Ellen Kull?man of DuPont and G?ler Sa?banci of Sabanci Holding.
Asked about China?s slowing growth rate. ?With urbanisation coming to an end, it?s slowing down,? Ms Zhang said.
However, speaking earlier in the day at the forum, Chinese Premier, Li Keqiang, had a dif?ferent message for attendees.
?The potential demand for real estate will remain huge for quite a long time in China, given the large number of rural residents moving to urban areas every year,? he said, according to an official account of his re?marks.
About 10m people moved into the cities from the countryside last year, bringing China?s ur?banisation rate close to 55 per cent, according to official fig?ures released last week.
China?s economy last year grew at its slowest pace in 24 years and last week the IMF lowered its forecast for Chinese growth this year from 7.1 per cent to 6.8 per cent, citing an on?going slowdown in property and investment.
Many analysts believe the pain has only just begun in Chi?na?s real estate sector.