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Alternatively, folks invested in real estate, which makes up about 70 p.c of China’s house assets. When their wealth ballooned with growing housing prices, The federal government, which owns all land inside the state, reaped almost all of the financial profit. Since the housing market has crashed, The federal government is luring individuals in the stock market.
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They all spoke on ailment that I use only their surnames for anxiety of retribution. The government has censored articles and opinions essential of its the latest actions, which some mentioned is contributing additional to the industry rally than it will eventually to financial revival.
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