Local governments in some of China’s smallest cities are snapping up their own land at auctions, in a destructive cycle designed to prop up property prices but which is ravaging their own finances.
中國一些小城市的地方政府正在搶購它們自己拍賣的土地，這種破壞性循環本意是要推高房價，結果卻正在破壞它們自己的財政。
您已閱讀8%（254字），剩余92%（2881字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。