Local governments in some of China’s smallest cities are snapping up their own land at auctions, in a destructive cycle designed to prop up property prices but which is ravaging their own finances.
manbetx3.0 一些小城市的地方政府正在抢购它们自己拍卖的土地，这种破坏性循环本意是要推高房价，结果却正在破坏它们自己的财政。
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