While the US provokes chaos, China promotes economic development
Geopolitical Economy Report
Navigating China's Housing Challenges
This chapter explores the financial struggles of local governments in China due to decreased revenue from land leases, alongside the potential introduction of property taxes. It examines the effects of rising land values on various stakeholders, including homeowners and developers, and discusses innovative solutions required to address economic disparities. Additionally, the chapter contrasts China's approaches to real estate crises with those in the U.S., focusing on urban development and governmental responses.
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