Which of the following statements is NOT true about Harbin according to the speaker?

The northern Chinese city of Harbin is often called the "Ice City" and is a modern metropolis of 2.6 million people. Located along the Russian-Chinese border, the city’s culture is a rich and diverse mixture of many ethnic minorities from across Asia and other neighboring countries. Many Russian refugees who fled the Revolution in 1917 also call Harbin their home. The construction of the Chinese Eastern Railway helped to industrialize the city, making it the number one manufacturing location in northeastern China.

There are two very important things you must do as an investor — before any of your hard-earned money leaves your hand — and that is to research and to study. You must research the financial pages of your local newspaper as well as the Wall Street Journal, and any other publications you can get your hands on. Decide which stocks are affordable, are performing well, and have a good track record. Visit your local library and study all the information you can find on the stocks you are considering buying into. Find out what plans for expansion the companies have. Study the market and find out as much valuable information as you can about each company.