chinese government, especially local government

来源: niy38 于 2008-12-28 14:23:17 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (271 bytes)

is the biggest factor of real estate bubble in china: they
CONTROL and SELL land to developers! not like USA,
land is privated owned, in china, it's so-called "public property":
which mean government, or in another words, government
officials control them.

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