China's developers cash in; government clamps down

Soaring property prices are leading to a boom for Chinese developers. But the Beijing government is looking on with alarm and is tightening the rules.

The following joke has circulated widely among Chinese internet users: A man tells his girlfriend that when property prices fall, he will buy a flat and marry her. She is instantly reduced to tears, realising how little he is committed to her.

¬ Haymarket Media Limited. All rights reserved.

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