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Officials In China Shed Properties As Anti-Corruption Campaign Continues

WBUR
Wednesday, August 20, 2014

Chinese officials are selling off properties, as the government cracks down on corruption in real estate. Despite earning less in wages than non-bureaucrats, officials tend to own many more properties.

NPR’s Frank Langfitt talks to Here & Now’s Jeremy Hobson about the corruption, how officials are selling properties at steep discounts and about how the Chinese real estate market is doing overall.

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