| From Theepochtimes.com: Recent, sizable increases in Chinese land and real estate prices are believed to be a result of mistaken regime monetary policy, exacerbated by local Communist Party officials dipping their hands—often deeply—into the money pot.
Data from the China Research Index Institute (CRII) show that land and real estate prices in China have increased drastically this year. From Jan. 1 to Nov. 22, Shanghai's land sales totaled 137 billion yuan; Beijing ranked second at just over 100 billion yuan..............................................Full Article: Source
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