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Rich House, Poor House

Aug 17, 2010
Authorities in the western Chinese city of Lanzhou are implementing a policy which forces developers to provide a certain percentage of affordable housing within any development they put on the market. Law makers in Lanzhou are following the lead from another Chinese city, Wuhan, who have put in place similar regulations to ensure different areas of the city retain a mix of wealthy and poorer residents So will the new measures have any practical effect – and are they even feasible? That’s what we asked on today’s Straight from the Street?
Tags: affordable housing,regulations,mix

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