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English > Finance&Economy > Finance-Breakingnews>Shanghai Allows SOEs to Develop Housing

Shanghai Allows SOEs to Develop Housing

03-30 18:28 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-03-30/110130291.html

 

» Shanghai is allowing state-owned companies provide land and construction services to low-income housing projects.

» Up to 50 percent of the land supplied can be used to develop commercial housing.

 

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