The South Carolina Senate has passed a bill that would partly ban companies or citizens of China and other so-called foreign adversaries from acquiring real property in the state. The bill was introduced after a Chinese biomedical company, AnPac, announced its agreement to pay $28 million for 500 acres in McCormick County. The state’s GOP-controlled…
South Carolina Senate Approves Bill to Restrict Land Sales to ‘Foreign Adversaries’
Local Authorities in China Face Huge Revenue Drops as Land Sales Plummet
After the outbreak of the CCP virus in 2020, China’s economic growth has been declining rapidly. Various structural problems in the Chinese economy began to erupt visibly in 2021. Among them, the slow sales of real estate have resulted in a sharp drop in the revenue of local governments at and below the provincial level….
China’s Land Sales Slump for 4th Month as Property Woes Intensify
BEIJING—The Chinese regime’s revenue from land sales slumped for a fourth month in October compared with year-ago levels, as cash-strapped developers moved cautiously on land buying after tighter regulatory curbs on new borrowing were established. The value of government land sales in October declined 13.14 percent from a year earlier to $89.90 billion, after suffering…
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