China and Taiwan News 中国和台湾新闻
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First Chinese Municipal Government to Go Bankrupt, Housing Prices Fall by Over 90%
Hegang, a city in China’s Heilongjiang Province, was once made famous overnight for it’s extremely low real estate prices. Now, it has once again made news, this time for another reason. On December 23 of 2021, the Hegang human resources bureau announced…