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Chapter 1057 - 1013 A False Alarm
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... d them very carefully. Gong Zheng’s report was indeed focused on the real estate sector, where, according to prior accusations, there had been numerous issues in both the property development and the construction of affordable housing.
The main problems were concentrated in four areas: first, local governments providing land to real estate companies at below-market prices during the land acquisition process. Second, real estate companies maliciously driving up housing prices and causing ...
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