Why You Should Be Worried About China's Debt Crisis
Economics Explained
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China - The Fall Out of the Crone of Iris
The fall out of the crone of iris has not been easy on china. Wealthier areas have more expensive and desirable real estate, and therefore attract high prices for their land rights. But despite this, the national government has recently announced that all this land rights revenue will now be collected centrally. Last year alone, these land lease agreements generated eight point four one trillion r m b an revenue,. or the equivalent of about one point three trillion us. Dollars.
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