$3m bid wins 1st island sale
By Shi Yingying | China Daily | Updated: 2011-11-12 08:37
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Yang Weihua, general manager of Ningbo Gaobao Investment, makes the winning bid for the right to lease Dayangyu Island, which lies off the coast of Ningbo, Zhejiang province. Zhang Heping / for China Daily |
NINGBO, Zhejiang - Da-yangyu, the first island ever to be put up for auction in China, sold for 20 million yuan ($3.15 million) on Friday.
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