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Economy housing or scandal

China Daily | Updated: 2009-06-26 07:53

As economist Mao Yushi said, economy houses might not serve the low-income families' interests because of illegal deals both in their development and distribution. It's time we reconsidered the benefits of economy housing and stopped some people from making profits illegally, says an article in China Youth Daily. Excerpt:

Economist Mao Yushi has said many a time that economy and limited-profit housing units cannot meet low-income families' demand. If the government develops such houses on a massive scale, it may push up prices and lead to corruption.

Though Mao has faced severe public criticism for his views, media reports have recently revealed several economy or limited-profit housing scandals. As a result, people now have started questioning whether such housing complexes really help the low-income group.

Economy housing or scandal

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