Summary | They are joining in the bidding for local land
through government-controlled companies in order to get loans
from banks, so bank loans can be transformed into governments'
fiscal income. Some local governments have even ordered
state-owned enterprises under their control to enter the real
estate market to boost housing prices. ...
through government-controlled companies in order to get loans
from banks, so bank loans can be transformed into governments'
fiscal income. Some local governments have even ordered
state-owned enterprises under their control to enter the real
estate market to boost housing prices. ...
chinastakes.com | 19 July 2015