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The boom, bust and future of China's real estate sector

The Sound of Economics

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Displacement and Resettlement - The Only Means for the Poor to Change Their Destiny

In China, urban land is owned by the state and rural land is collectively owned. Many residents do not oppose land dispossession or these urbanization projects. Displaced households can usually buy resettlement payments at huge discounts. Housing in many Chinese cities has become incredibly unaffordable.

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