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Who Will Benefit From the Government’s Housing Purchasing Plan?

2008-12-02

Beijing Review 2008年48期

In response to the current decline in hous-ing sales, Zhengzhou, capital of central China's Henan Province, issued 17 measures to boost the local property market in late October. The local government announced that it would purchase unsold apartments and then give them to low-income families who are eligible for public housing.