|
|
|
|
|
by cwwc
2096 days ago
|
|
This is a great point. An additional aspect to this is developers - while living in China, I spoke with a number of officials who essentially admitted that a major aspect of "relocation" was driven by developers who purchased land from the local governments and then were lent money by the local government. When those buildings weren't filled, and with the pressure to pay back loans mounting, the developers and local officials would conspire to force people from outlying regions to relocate in the town developments. The developers would then receive central/local $$ for "helping" low income citizens "move up." And then the cycle would repeat. This leaves out other aspects - but it certainly plays a role. |
|