Lo­cal govts’ sub­si­dies for prop­erty pur­chases serve their own in­ter­ests

China Daily (Hong Kong) - - COMMENT - THE LO­CAL GOVERN­MENT OF YU’AN DIS­TRICT

in the city of Lu’an in East China’s Anhui prov­ince posted on its web­site in­for­ma­tion about the house pur­chase sub­si­dies it pro­vided, which showed that a per­son bought 44 apart­ments in one com­mu­nity, ac­cess­ing sub­si­dies of about 800,000 yuan ($115,456). It is time to re­con­sider the poli­cies of many lo­cal gov­ern­ments in sub­si­diz­ing prop­erty pur­chases, says Bei­jing News:

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