The plot thickens
HOME > PAST ISSUE > PERSPECTIVE [Premium content]September 2006
Recent measures restricting foreign investment in real estate may well succeed in cooling the market - but they will not cure it of all its ills
Driving along Shanghai's Zizhong Lu one gets a feel for the sort of political pressure that is starting to mount. On one side of the road are Richgate and Xintiandi, among Shanghai's most expensive housing and commercial projects; on the other side, elderly locals sit out on the pavement in the summer heat, waiting for the relocation notice that can't be far off.
This is now a familiar scene across China - not just in the first and second-tier cities, but also in the smaller ...
This is now a familiar scene across China - not just in the first and second-tier cities, but also in the smaller ...
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