From the Chinese Press
China Daily | Updated: 2012-06-06 08:05
Tax on housing
Kunming mayor Zhang Zulin admitted that many civil servants in government departments with power may own several houses. The reason is an open secret: power speculation, says an article on rednet.cn. Excerpts:
Zhang recalled that when he worked as a quality and technical supervision official, he found that a young colleague had purchased three houses after working for only five years.
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