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Official Chinese press:China cracks down on ‘characteristic towns’ that misused land, real estate, with massive debt!

November 7, 2021 9:37 pm

China cracks down on ‘characteristic towns’ that misused land, real estate while racking up massive debt An initiative to develop towns outside megacities was launched five years ago as part of China’s urbanisation push, but improper planning has plagued projects …

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