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learn mandarin – 60b for cheap homes might not be enough to get local govts on board
The central government has allocated over 60 billion yuan ($8.85 billion) for the construction plan of 5.8 million units of affordable houses, the State-run People’s Daily reported over the weekend, citing the country’s housing minister. But analysts say local governments may be unwilling to give up the massive revenue they get from housing deals. All [...]
