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State-Owned Groups Fuel China’s Real Estate Boom

The place to share news stories and discussions about them. News stories posted to other sections are typically moved here as well. Traditionally, the primary raison d'etre of this section was to post hard-to-access/find articles that often dissapear crossing the GFW. But please note subject and postings are subject to scrutiny.
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State-Owned Groups Fuel China’s Real Estate Boom

Postby phiota » Mon Aug 02, 2010 9:43 am

http://www.nytimes.com/2010/08/02/busin ... wanted=all


August 1, 2010
State-Owned Groups Fuel China’s Real Estate Boom
By DAVID BARBOZA

WUHU, China — The Anhui Salt Industry Corporation is a state-owned company that has 11,000 employees, access to government salt mines and a Communist Party boss.

Now it has swaggered into a new line of business: real estate.
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Re: State-Owned Groups Fuel China’s Real Estate Boom

Postby rickettyrabbit » Fri Aug 06, 2010 1:44 pm

Holy shzt. I think they've scr*wed the pooch.
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